Forum Replies Created
Nevermind; maybe next time Sonja, (I agree, family is more important!!!)
I’m sure Anthony will be back in Sydney soon enough; although if he came to Melbourne, he’d make this little camper really happy!!!
Cheers, [biggrin]
Jo
Hi Greg,
If I may, what EXACTLY do you want a mentor to do for you, that you can’t do for yourself with respect to property investing???
I am assuming that is the sort of mentor you are seeking, a property mentor, is that correct???
Jo
Well said Steve, [thumbsupanim]
That is the kind of answer I would have expected from you in the first place!!!
MarkyMark,
I do agree with you in that Steve should not be giving away too much information, after all, it is in his financial best interest to keep some things within the confines of his seminars and books. [sealed] I am also in agreeance, that Steve doesn’t OWE anyone anything per se, however the loyality they (and I do not include myself in this reference) have demonstrated by attending his seminars, buying his books, and contributing to this forum, should IMO be acknowledged even if it is with nothing more than old fashioned common courtesy!! I don’t believe that is too much to ask and certainly doesn’t require giving away revenue generating “trade secrets” (as I like to call them)!!!
I am sure Steve’s followers will appreciate his latter response, and take heed of his advice towards achieving their goals!!!
Cheers, [biggrin]
Jo
Me stressing???? No way Way!!!! [biggrin]
I just think that the lesser informed forumities; the ones who rely on a straight answer, should expect to get one, especially from one they look up to. Is that wrong???
As for serious investor being too busy with forums, and constantly investing/searching for/doing deals; from my experience, NOT NECESSARILY SO!!!
BTW, I too have seen/been investing through 4 cycles (can’t lay claims to 5 as I wasn’t around in the 50’s)!!! Oh well, that’s just my 2c worth!!!
Cheers,
Jo
The purchase price, regardless of what is on the block, be it vacant or with a dwelling on it.
You pay for what you get!!!
Check the following:
http://www.stampoutstampduty.com.au/rates.htm
for the stamp duty rates corresponding to each state.
Jo
Originally posted by SteveMcKnight:Change location and / or the type of properties you are buying.
Sorry Steve, but THAT’S the best you can offer???[blink]
There are people in this forum who have (repeatedly) asked for answers because it appears your +CF strategy is weakened in the Oz market, and this is the best you can do to answer (without giving away trade secrets of course) come on….pretty lame wouldn’t you say??!![eh]
Me personally, I couldn’t care one way or the other, but there alot of people here who have (in the short time I have been here) hung onto your every word; and in all fairness if it wasn’t for some of these dedicated men/women, you wouldn’t have a forum, and hence, I feel you owe them something a bit more insightful than mere sweeping generalisations!!![glum]
Jo
This is definitely a “cat among the pidgeons/chickens (whatever, birdlife pleases you)” topic Calvin, and in line with past disourse, I guess it relies on how/what one’s fundamentals are and their application of same!!!
Jo [sealed]
TD,
A word of caution, and I mean no disrespect to anyone’s opinion (each to his/her own) but high sales volume is NOT necessarily an indication of
demandalthough it can be (ie. for affordability) however, it certainly DOES NOT NECESSARILY equate to VALUE; this can be said for areas where sales are minimal simply because people like the area and are reluctant to leave it, hence those trying to buy in will jump on the first house that comes along!!!Never rely on one source of information alone; always check as much information about the area of interest as possible. If you rely on sales graphs; you could be shooting yourself in the foot!!! Forewarned is forearmed IMO; stupidity bears it’s own price!!!
Jo
Fair enough too!!!
Sounds to me like young Joseph hadn’t moved out of home in the first place!!! Liked mamma’s cooking too much to do his own, and the end result for his deception, his goose got well and truly cooked to boot!!! [lmao]
Lesson: Ignorance (and/or laziness) don’t cut the mustard with the law!!! [eh]
TD,
If I may offer some advice (for what it’s worth) as there will be those who disagree with me on this, and that’s fine.
NEVER FOLLOW THE HERD!!!![blink][blink][blink]
Do your homework, research the market, watch ALL figures/trends, sales/rental prices, CG trends, infrastructure plans etc etc, and then decide for yourself.
A follower will never win the race; be your own person, and you will do fine!!! [biggrin]
Jo
Hi Sonja,
Can’t really make an totally informed comment on this guy’s abilities as such, however a friend of mine played me some of his CD once (which I only heard about 5 minutes of) and he seems to be quite the “motivator” as many in this type of money-making industry do!!!
The little I did hear, was very positive and worth listening to. Not sure that I would pay to listen to it, but if it is offered to you for free, it might be worthwhile, even if it is to get you fired up!!! Although, having to put yourself out because of the littlies may be a problem, and may make me think twice!!! Sorry not being real helpful am I???
Aside from that, IMO the only other thing I know about Anthony is that he is a HUGE hunk!!!! (drool, drool) [biggrin] (I’d hate to be standing next to him, I’m all of 155cm)[glum2]
Jo
That’s true Terry,
But my point isn’t that the likelihood of wraps isn’t possible; because if people are willing to pay, they will buy. It is more the concern, that properties under <200K are becoming scarcer and scarcer!!!
Jo
Hi Jomiki,
Not too many place available (to wrap or not) in Melbourne for under 200K and those that are, I hardly think you will be able to add your part to the price to make it a worthwhile exercise.
Best bet would be to check http://www.realestate.com.au (under Victoria) and using the “advanced search” section refine your search to properties <200K.
Good luck,
Jo
No not necessarily, could be quite the opposite!!!
If everyone is selling up (say for example in the same street) I’d be wondering what plans the local council had on the boil??!!!! [blink]
Jo
Hi John,
A carport can vary in cost for numerous reasons, different people, materials used, state!!!
I have bought IPs with, and without, car accom. in the past, and generally, if it was without and I decided to add it later (for value) a cheap exercise would normally cost approx. 4k (or thereabouts) just for a carport, unattached to the property. To recoupe this money, I would raise the rent approx 10 p/w, and within a year the carport has paid for itself and then some!!!
I remember once, looking at two IPs which I was having trouble deciding on. One had car accom and was priced at 280K, the other did not as was priced at 250K, which do you think I bought??? That’s right, and it rented for $10 p/w less because it had no car accom.
As we discussed over the phone, the 7k you were talking about, does not have to be spent now, and because the property is in close proximity to all amenities, I seriously doubt that I would do so ATM. Perhaps later down the track; certainly when there are tenants in it!!!
Hope this helps,
Jo
Yep; I spent a couple of years studying at Southern Cross Uni in Lismore when my first marriage broke up, fantastic place, cute guys!!!!
Jo [tongue]
P.S. I know the latter isn’t really grounds for investment Sam, just couldn’t resist throwing that in for anyone who is from there!!! [biggrin]
Hi Westan,
Yes yes yes…..STAWELL (pronounced STALL) is the gateway to the Grampians (not the centre of the universe, although it may well be to those who live there!!!) and how could we forget….home to the greatest FOOTRACE!!!
For those who were unable to spell it, let alone know where it is, I have provided one of many links that may help to enlighten you of it’s splendor:
BTW Westan, I personally have no problem with Stawell, and maybe it’s only “gift” aside from the famous footrace is Tim what’s-his-name!!!
Cheers, [biggrin]
Jo
P.S. Westan, I believe the centre of the universe is the place from which you hail, is it not??? [winking] (just having a lend) [tongue]
Riddle: How do you change a light globe?
Answer: You can’t, the light globe has got to want to change!!! [lmao]I know this is not really the same thing, it’s just a silly (and very very old) joke, but I couldn’t resist!!! Your argument about the possiblity of turning your kids into whatever you want them to be (academically) via monetary transfusions just triggered the memory of this joke and I wanted to share it!!!
Jo
Originally posted by jancrows:where is Victoria ?? Its the place where they dream of having a Victorian Footy club win a Grand final.
Is this kind of statement really healthy???[blush2]
Personally, I don’t care WHO wins the Grand Final, whether it is one of our (Vic) teams, or one from interstate!!! To me, whoever plays well enough to make it to the finals, and plays well on the day, deserves to win.
I don’t subscribe to such inferiority complexes and unsportsman/womanly statements!!!
As for the property, yes EFFORT and IMAGINATION (which had better be VIVID) can transform even the ugliest of ducklings, but you better make sure you have a sh**load of $$$ to support your efforts otherwise, you may end up in a worse condition than the property was to begin with!!![blush2]
BTW….you can reno to your heart’s content, but the property is still in the middle of NOWHERE!! So B & B to whom, passing birdlife??? And as for population it currently stands at 508 for heavens sake!!![blink] Get a grip!!!
Hi Way [biggrin]
A possessory right title basically means that when the owner of the land (say for example) passes on, the ownership is transfered into another’s “possession”. Hence, in this case it is assumed that whoever buys the land (2.5 acres, with that poor excuse for a house on it) automatically becomes the owner of the additional title. That’s the simple explanation!!!
However, I believe that the adjacent land which is covered by the possessory right, is part of aboriginal land, and as such, is governed by laws to protect native interest.
Not 100% certain, however, it appears that it does not come unincumbered, and as such, may have a few headaches attached, which would explain the even cheaper price tag (on such a vast amount of land).
It doesn’t ACTUALLY spell out WHO has the possessory right against the title (government, aboriginal people etc???) as such rights usually will stipulate.
One possessory right, in the event of it being a mining town, for example could be as per the following:
RELEVANT POINTS OF LAW. In law, the word “claim” in connection with the phrase “mining claim” perfected with a valid mineral discovery, represents a federally recognized right in real property. … the provisions of the mining laws his possessory right, for all practical purposes of ownership, is as … unpatented mining claim remains a fully recognized possessory right
Jo
