Forum Replies Created
Mine never are Brenda; although I support negative gearing, my IPs are strictly positive!!! [biggrin]
Jo
Hey Domo,
I understand what you mean (well, sort of). That is, okay I understand you are trying to get a fair comparison between yours and other 2 bedder units with a LUG, and I would assume others do exist as you have mentioned. But what do you mean “that looks similar”??? I mean, is yours an architecturally designed facade, or what EXACTLY is it that makes it unique, other than it is yours???
A house is a house, and a unit a unit (basically) sure there are differences, some rendered, some older styles (say 60’s or 70’s) or tuscan or contemporary etc etc.
All in all, most tenants don’t care what the outside looks like, it’s what the place has to offer. For instance, in your unit’s case, the garage, 2 bedrooms, fully furnished??? or maybe polished floor boards??? or euro stainless steel kitchen appliances??? You have not really said WHAT it is that distinguishes it from the others; in short, why would I as a potential tenant be more impressed with yours over the one down the street, which is also a 2 bedder with a LUG????
To say, it simply doesn’t compare because nothing else LOOKS LIKE IT doesn’t make practical sense to me at all!!! [blink]
Jo
Hey Brenda,
Can I have your autograph??? [biggrin]
Well done!!!! Not only 20 IP in 18 months, but celebrity status to boot!!!! [medieval]In the words of Sister Sledge: Go sister, Go sister, Go…..!!!!! [biggrin]
Just one question for you Brenda, if I may, will you be buying another 20 in the next 18 months???
All the best,
Jo
Originally posted by MortgageHunter:P.S. Give your wife a pat on the back and a HUGE [kiss] kiss; why??? Because her pushing is evidence that behind every great man and his success story there is a woman!!!! [tongue]
A PUSHY woman [biggrin]
Hey, whatever works; go with it!!!! [winking]
Swampy you’re a legend!!!! [specool]
Telling your story is priceless, and I am sure so many reluctant investors may read it and feel inspired enough to take the plunge (provided the numbers add up of course)!!! [whistle]
There was a fantastic quote I stumbled on in this month API (Australian Property Investors) magazine, where a couple did as you did; crunched the numbers and then, heart in throat, [worried]dove in !!!
“Plan for the worst case scenario, and in 99% cases it won’t happen” but at least if it does, you’re prepared!!! Soooooo true!!!
Well done Swampy!!!! Keep up the good work!!!! [thumbsupanim]
Jo
P.S. Give your wife a pat on the back and a HUGE [kiss] kiss; why??? Because her pushing is evidence that behind every great man and his success story there is a woman!!!! [tongue]
Hey Swampy,
Property investing is cyclical by nature, and like you I too have seen these changes; having watched four of them since I was a teenager!!! I remember buying one property in a cool market for $175K and selling it a decade later for $925K.
I personally don’t like that four letter word SELL [wacko] and I agree one should only do this when they have to, but if they can do it, when the market is up (regardless of whether they have to or not) then all the better!!!
Property investing is a learned skill, involving much research and alot of patience. It is not a short term investment, and if you can take the bad times and turn them into good (opportunities) then success should follow closeby!!!
Jo
Hi Caleb,
Your enthusiasm is inspiring, and as I said in my reply PM to you, study hard and do the best you can with your schooling for now.
Read as much about, and talk to as many property investors as you can. Forums such as this, and Somersoft will always make accessible to you willing people who will share of their knowledge and experiences with RE. This kind of advice is invaluable!!!
Aside from that, don’t forget to be “a kid”; I have a daughter only a year younger than you, and I would tell her the same things I am telling you now. The difference between you, is that she isn’t asking, and doesn’t seem to share your enthusiasm for property. She is too preoccupied with being a little girl; childhood is a blessed stage in ones life, so don’t forego the joys it entails simply because your long term goals are to become wealthy; you have the world at your feet right now; enjoy your youth!!!.
Nonetheless, your “love” (passion) for RE is both commendable and I am sure will help keep you motivated toward achieving your goals. Never stop dreaming!!!
But remember, be practical, the main focus right now, is your studies; work hard at doing the best you can with your schooling; time and experience will in turn take care of the rest!!!
Cheers,
Jo
Marc,
If you are wondering where my post (to Wez) and to which you replied, stating your disappoint in my missing your point, has gone. I deleted it. I felt that perhaps it may have been read (as you obviously did) badly.
You’re an educated man Marc, and as such I know that you will agree, that every person is entitled to his or her opinion, regardless of relevance to, or value to others. Therefore, let’s live and let live hey??? Accept that not all people will “get” our point, no matter how much we endeavour to explain it, because when all is said and done (and you have done plenty of saying…LOL) people will always comprehend that which they are accustomed to; and that in itself highlights the beauty and uniqueness we all posess within!!!
Cheers,
Jo
Hi Milly,
Properties within close proximity to public transport services have always fetched a better price simply because of such convenient access. Smart investors will always look to buy close to nearby tram/train/bus routes, not so much because of rising petrol prices (although that may well influence them even moreso thesedays) but because they realise that there are people who don’t drive to work, or for that matter, don’t even own cars!!!
Sit yourself down girl, take a deep breaths, and relax…..I know it sounds daunting, but there is always a brighter (flip) side. Who knows, maybe by the time oil resources have finally dried up, we will all have been driving solar powered cars for years!!!
Yes the rising petrol prices are a pain especially to the hip pocket, but this annoyance is so minor in comparison to other ongoing world atrocities!!! If only it was the world’s only problem, I would welcome high petrol costs without blinking, but it’s not; terrorism, cyclones, draughts, famine, child abuse, etc etc far outweigh feeling bad about the few extra dollars I have to fork up every time I fill my petrol tank!!!
Cheers,
Jo
Hi Seano,
Not sure about the legalities of bringing in a third party (ie. another builder) therefore I suggest you approach your current builder and discuss how they intend to compensate you for the delay in works, (ie. dollar value per day) or X amount off the final payment. If after discussions, you are still not satisfied then maybe you could consider an alternative recourse.
But be sure you thoroughly investigate your legal rights, as you don’t want to risk getting into a building/legal dispute.
Cheers,
Jo
IT is disappointing that you miss the point by so much, even more disappointing from you Monopoly.
And what point is that EXACTLY Marc???
No actually spare me, I am not interested in the speed of light, the force from within or the powers that be; all I am concerned with is healthy debate. However, as it currently stands, it appears that this thread has been blown way out of proportion, pure and simple!!!
Wez gave his opinion, others their, and you above all, have made yourself clear. I do not disagree wholeheartedly, nor do I entirely share your views; but such is the nature of differentiation between individuals!!!
Having said all that, I feel it would be in everyone’s best interest to MOVE ON!!!
Cheers,
Jo
Kay,
If you friend needs refuge shelter (very safe/max security) I can help with details of several places in various states.
Jo
Hi Seano,
Welcome to the forum!!!
Sorry to cut in; [blush2] I know your question was aimed at Peter.
I am assuming if it was written into the contract that any time lapse would incur costs, penalities whatever, then the answer is yes!!!
Cheers,
Jo
Hey Geo,
Sounds great; my only problem is weekends are tough for me as I spend time with my kids. During the week is better, but even that can be difficult depending on whether I have been called out in the middle of the night, and am more interested in catching a few [sleepyanim][sleepyanim]
But if you decide to organise a time and date, post it up, or email/PM me and if free, I will gladly be there!!!
Cheers,
Jo
Hey Trish,
There is a Melbourne social gathering that is organised through Somersoft’s website; they meet monthly.
Cheers,
Jo
Originally posted by kay henry:remember, some people still LIKE their work, and choose to keep doing it. Why do you think all those High Court judges are in their 60’s?
The money???
To get away from their wives/husbands???
The money???
Don’t know anything other than work???
The money???
Like the “power trip” associated with the job???
Oh and finally…..Build up the RETIREMENT FUND even more, so when they finally do stop work they will still have…
THE MONEY!!!!
[biggrin][biggrin][biggrin]Hi mdpearce,
People aren’t “sitting on the fence” in backing +CF properties at all; they are being realistic and understand that these properties are hard to come by ATM especially in Australia. You will still do ok in NZ, but again, +CF properties are becoming scarcer!!! If your focuss is ONLY +CF positive you will IMO risk becoming very disappointed, not only because of their scarcity but also because of limited growth potential.
As for the books, the other forumities are probably more qualified to answer this query.
Jo
Yorker,
I have already told you that the likelihood of attracting customers through the methods you employ on this site will not be very helpful to you.
As you may have noticed, people tend to rely on data provided for free, and second to this, if they do agree to pay for a service, they will often do so with a company who has a legitimate website ie. RP Data and/or Residex.
May I suggest to you, once again, get a website up and running, and then put all your hard work (which I am sure you do) in order to promote yourself and establish the credibility that people will want/need before they part with their cash.
No offense, but I wouldn’t pay for info or seek advice (ie. a mortgage broker) from a forum poster, unless they had some kind of established link either to an email address or a website address, preferrably the latter, and at least a contact number. Take a look at the brokers postings, their signatures always contain website link address and/or mobile contact details.
Annonymity will not serve you well in trying to establish credibility for your business. Not in today’s society!!!
All the best,
Jo
Originally posted by Domo:I have thought of approaching Agents & looking through properties they have for rent but I still may not come across one that is comparable.
Hi Domo,
Is this your FIRST rental property???
You seem to be focussed on the fact there is nothing “comparable”; are you allowing bias to cloud your practical judgement??? Of course we all think our properties are the best, or better than the next place, but realistically to a tenant, nice is nice, and nicer is great, but at the end of the day, it basically comes down to $$$ affordability.
I think you are on the right track though; do your research, check out what the going rental rates are, and work with this. If your place is so out of the others’ league, maybe you need to focus on campaigning these differences, and really promoting its uniqueness. But you have not stipulated what these differences are, hence I tend to think, you are allowing your emotional attachment to the property blind you to market demand (which BTW is an oversupply of rental properties at present).
As stated, you may need to drop your price in the short term in order to secure a long term tenant. This is not unusual under the current market.
All the best,
Jo
