Forum Replies Created
No you are quite the diplomat Byronent (just teasing) however if you persist in using the “D” word or “IF..” what do you expect??? [blink]
Well if you’d stop using such profanity [whistle]Byronent they may not get deleted!!! [tongue]
Try this, it may help to explain (if it doesn’t get deleted again):
Monopoly has also changed my words from rebates to yields.I am simply frustrated that it seems like a game to people on this site to be derogatory and attempt to take people down , with no actual knowledge.
As per my previous post:
You Sir, DID NOT specify “rebates” in your post, however I will grant you that nor did you mention the word “yield” hence, for making that assumption I do apologise.How is this taking you down??? [blink]
I’m afraid your post is a tad confusing; it has not clarified things to the point where I really understand your claims. However I will keep an open mind.
Although I would like to think that you will LISTEN if I choose to speak to you directly, as I seem to understand very little of what it is you are trying to put forward.
Cheers,
Jo
Originally posted by foundation:Originally posted by Monopoly:Originally posted by Derek:
Bear in mind that sucessful investors are long term players.And in addition, the longer you play the better your chances of winning!!! [biggrin]
Huh? [worried] I would have said that mildly successful investors are long term players, highly successful investors take profits when the hold numbers don’t add up and that the longer you play the closer you’ll sail to the mean…
Is that where I went wrong??? [eh] Hell wish I had know that 24 years ago!!! [tongue]Foundation,
Property investing is a LONG TERM game, and the longer one holds the better, HOWEVER…..if an investment property (regardless of length of ownership) is not PERFORMING or as you put it “the numbers don’t add up” common sense would tell you that it should be disposed off (ie. SOLD). What Derek and I were saying was that the longer you hold the better…PROVIDING the property is performing well.
And Jo, yes a rate rise will see more property on the market, but more property does not equate to more sales
Who said it did??? I said “they (meaning buyers) will anticipate that an IR rise will force more sales, hence give them more opportunities as well as greater negotiating power for their money.” That is, buyers will hold off because they know that the market will squeeze those who are already flying by the seat of their pants, and as such they (the buyers) THINK (rightly or wrongly) that they will get a better shot at a bargain!!! More properties being put up for sale as the result of an IR rise is a reflection of financial hardship which may necessitate a sale of one’s property, however no where in my post did I say that more “for sales” signs equates to more “sold” stickers being slapped on it’s boards!!! [glum]Please READ WHAT I WROTE, and not what you conjured up in your own mind.in fact history shows a negative correllation, which fits the economy 101 law of supply and demand. Incidentally this has an interesting effect on prices too.
Who the hell is referring to the Economy 101 theory??? You want to operate under that notion, fine I don’t dispute it’s validity or application to historical and/or current market movements, but it is not (as in any theory) set in stone!!! Of course supply and demand will affect prices; you don’t need to be Einstein to figure that one out!!! [rolleyesanim]Originally posted by tony wpb:It very interesting that some of the users of this site have struggled to harness the english language, rebates does not mean yields
I don’t appreciate this comment one bit, I have an exemplary command of the english language and certainly don’t need you to imply that I do not.You Sir, DID NOT specify “rebates” in your post, however I will grant you that nor did you mention the word “yield” hence, for making that assumption I do apologise.
and and cutting part of a sentence to attempt to mock somebody is childish. But i will entertain this behavior by responding
I certainly did not cut any part of the sentence to the point where it changed the context. I merely took your quote and asked you for clarification of same. I believe the others here have done likewise, but you seem to be somewhat defensive and objectionable of people who are merely asking for more information; which IMO is within their rights. If you wish to convey professionalism, then perhaps you should accept that people will be sceptical and address their concerns without the condescending tone; any successful businessman/woman knows that this is the quickest way to lose customers.My reference to Richmond was based on facts. I know the area well and am fully versed with its socioeconomic and demographical make-up and I most certainly did not suggest it to be “a hole” although there are parts which are less desirable based on it’s resident constitution.
Finally Sir, I suggest that if you wish to enhance your level of credibility and hence maximise your spruiking opportunities, that perhaps you start with answering people questions rather than leave them half or totally unanswered and/or worse answered with only minimal details and maximum negativity. Perhaps you could address questions put to you in another forum of which either your alternate alias or colleague (whichever the case may be) has also left in limbo.
http://www.somersoft.com/forums/showthread.php?t=7001
http://www.somersoft.com/forums/showthread.php?postid=42957#post42957
i currently have actual deals for $395K already tenanted at $680/wk brand new… the properties in Richmond where i had said a 10%+ rebate is in actual fact in excess of 20%, but i dont like to talk things up, hence i gave conservative figures.
Can you explain this further??? Such figures (even for bluechip areas of Melbourne) is somewhat inconceivable to say the least.Having said all that, albeit unimpressed (so far) I do wish you well in your endeavours.
Jo
Originally posted by tony wpb:
Finally i challenge anyone to give their clients better deals.There is not a fat chance in hell that anyone could provide better dealsUnlike the others Tony,
I’ll just challenge you to reply to a previous question I put to you with regard to one of your posts in which you claimed to offer people the opportunity of buying Richmond properties returning 10% + yields!!! Answer that one first, and then I just MAY take you seriously.
Cheers,
Jo
Originally posted by resiwealth:
I have noticed that wealthy people stick close to each other. There are more arguements between unsophisticated relationships, because of greed and mistrust, than the other way.Totally agree resiwealth!!!
Once you eliminate the “desparation” associated with greed and the “must get rich at all (anyone’s expense) cost” type of mentality, a greater sense of peace (and purpose) is born, and as such, makes for mature and responsible communications.
Cheers,
Jo
Hi Joel,
One of the moderators here Stuart Wemyss summed it up perfectly in one of Pro-Solution’s (his company) pdf:
http://www.prosolution.com.au/ps_docs/prosolution_doc051503_150306.pdf
Although dated, you will find much of the “guidelines” to be invaluable and timeless. Whenever you are looking for growth forget the “location, location, location” stuff (although that has merits it is not enough) think infrastructure, household demographics (look at percentages of owner-occupiers as opposed to renters in the area – this will give you an indication of the next important variable “demand”) anything near parks, water, shopping complexes and easy access to transport.
As for which state to buy in, that is a matter of choice; you’re the only one who can decide whether you don’t mind owning places far from home, or if you prefer to buy in your own backyard (so to speak).
Try council websites for areas you are interested in, call them if need be, and find out as much as you can about the current and future plans.
Good luck,
Jo
Originally posted by tombola:Hi there, I am new to this andlive in the Dandenong area and also looked in the Fkston area but was a bit hesitant as I felt capital gains might be slow or non existant.[biggrin]
tombola,
Frankston is tipped to experience healthy capital growth, however it is not going to happen overnight. If you read the above comments, click on the links provided and do a bit of research you will find, Frankston has major infrastructure plans in the pipeline and consequently all of these will add value to its precinct as well as the surrounding areas along the Mornington Pennisula.
Bottom line though, if Frankston doesn’t appeal, and it won’t to everyone, you can always do what many have done for years, overlook it.[blush2]
Cheers,
Jo
Originally posted by unannounced:
I needed to understand if there was an angle or something that his plan was doing that I didnt consider. I did not make sense to me that his plan was featured when he could have done something better. [provided security is less of a worry for the investor]I like to question, I like to understand things that I do not.
Unannounced,
There is nothing wrong with questioning, it is how we learn. But on this one, the only person who can truly answer your question, to your complete satisfaction, is the man himself (Tom).
At the end of the day, regardless of what anyone does, how they choose to invest, the strategies they employ, the decisions they make, there will always be a better way according to Mr/Mrs/Ms X. Simply put; it’s just a matter of individual choice, and really as long as the end result has been a positive one, does it really matter how they got there???
See/read/listen to the story, try and make sense of it, if it does not fit your criteria of doing things, by all means, question it in order to try and come to some understanding (appreciation) for what has transpired, and in the end, make up your own mind (as you seemed to have done anyway).
Cheers,
Jo
In a nutshell luckyinvestor, no they’re not. The hustle and bustle of living on a heavily vehicle and human trafficked road is often outweighed by the ease of access to the shores and breathtaking water views.
Some people are concerned with it, especially as beach-goers are constantly “in your face” or “on your doorstep” so to speak, but that is just a consequence of living near a public recreational spot. These same people who don’t like the idea, often feel their security is more at risk because of the constant flow of visitors to its shores, hence many of them either use these properties as either permanent or holiday rental investments.
There is always the option of buying a few streets back, where access is not as straight forward as merely crossing the street, and if not set too far back but still high enough may still capture great views and offer much pleasure.
Using another example, look at high rise apartments in the cities. They are great if you like that type of lifestyle, but I daresay being in the heart of a city business centre is hardly going to be quiet. All in all, it comes down to personal choice. [biggrin]
Cheers,
Jo
Unannounced,
I not only hope, but expect that because of your age, that as you have so many more years ahead of you than an old duck like me, you will not only get to the level I am at, but far exceed my efforts!!!
All in all, you seem to have a true appreciation for property investing, and that in itself, is a huge step forward.
Go for it!!![thumbsupanim]
Cheers,
Jo
I hear you copperg!!!
Lucky for me I’m in Victoria; you can keep Bob all to yourself thanks very much, we have our own putz to deal with!!! [blush2]
Originally posted by unannounced:
More so a comment on topic. But hey, Im sure I could find something not to like about you. (Bush supporter? [biggrin]) Official enemies! [thumbsupanim]Sorry unannounced, I don’t think I quite get your meaning here (it’s late and I’ve had a long day, maybe I should read this in the morning). I don’t doubt that you could indeed find much to dislike about me; I am not so vain as to think that I will be everyone’s cuppa tea!!! [kiss]
Cheers,
Jo
Unannounced,
My son is 22 however it is for that very reason that I would not hand over 600K because his inexperience would make him equally as risk averse, and I know he would risk too much too quickly, thus jeopardising all that I spent years building up!!!
Perhaps Tom’s parents wanted to see what he would do with the 600K and had he done what you are suggesting, they may not have been so inclined to trust him with anymore (for the time being anyway).
I think he did the right thing, but that is just my opinion. Each to his/her own…whatever works for you, as long as you take full responsibility for any credit or debit situation you create for yourself.
Cheers,
Jo
Yep simple….SANF (sleep at night factor).
I own ALL my properties outright, are you implying I am equally as stupid??? [blink] With my net worth I could borrow well into the millions, but I choose not to. It is simply a matter of choice.
I will no doubt borrow in the near future (perhaps in the next 5 years) but for now it suits me, and I make enough passive income to not have to incur a debt. I have money invested in other markets and the returns are favourable, hence why bust a boiler???
There is no right or wrong way to invest, it is a matter of individual choice and comfort levels.
Cheers,
Jo
Unannounced,
There is nothing wrong with being a renter; they don’t deserve any less respect than any other person in here, and even the most seasoned of property investors you’ll find were more than likely renting at some point in their lives (myself included).
I was just having a lend of copperg, no harm meant; just my twisted sense of humour.[blush2]
There are many investors here who don’t own or are paying off their own homes; but instead they choose to rent, saving the difference between rent paid and mortgage repayments to put towards building their portfolio.
There is no specific “renters” forum that I am aware of, but they are welcome as much here as in Somersoft or any other property investment forum. [biggrin]
Cheers,
Jo
Bwendan,
Try: http://www.gradlink.edu.au/content/view/full/230 which also has http://www.gradsonline.edu.au/gradsonline/ as part of it. They offer some great survey info to potential course candidates to help give them an overview of the study they are considering or currently undertaking.
Cheers,
Jo
The Tenants Tribunal !!! [blush2]
