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Monopoly
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February 3, 2005 - 1:44 pm
Hey Nathan,
I’m afraid I can’t be of any real value here, but I do want to warn you to do your homework first. A girlfriend’s husband invested in “trees” some years ago, and although it was believed that money would be made on the exercise, not only did did they NOT make so much as a even few woodchips out of it, but went totally bankrupt to boot!!! [bawl]
That’s not to say it was the “trees” fault, just the apple that fell from it; the guy was just like his dad, always went into stuff blindfolded!!!
Do some research first before you make any decisions.[blink]
Cheers,
Jo
Monopoly
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February 3, 2005 - 8:44 am
Sorry,
My understanding was “getting around” stamp duty, as in “avoiding” it altogether. Had you asked for “delaying” well then that’s a different kettle of fish!!!
Cheers,
Jo
Monopoly
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February 3, 2005 - 6:12 am
Originally posted by Marisa:
Age – 35-45
Yep, I’m in that range [blush2]
High income earners
Was (past tense) although still there (passive tense) [tongue]
1, 2 children
Yep, got 2 of those, one still at home (give me a few years, I’m working on it)!! [whistle]
Reason for wanting seachange –
The beach, sun [sunny]sand and surf……yipppeeeee [thumbsupanim]
Reason for no seachange right now –Youngest still at school!!! [whistle]
Once my girl finishes school, and moves out, I’m there!!! And everywhere else that I can be without having to return home because of school terms and/or hubby’s work commitments!!!
Bring it on sunshine!!! [sunny]
Cheers,
Jo
Monopoly
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February 2, 2005 - 10:57 pm
Domcc1,
The bottom line is: IT’S UP TO YOU.
I don’t understand your point here. If you like any (or all) of these properties (and BTW excellent summary) then the final decision needs to be that of the person handing over the $$$ in this case YOU!!!
I have discussed by views with you in private re the area as per your questions, and I will gladly repeat them here: I THINK FRANKSTON HAS HUGE POTENTIAL FOR CG WITHOUT A SHADOW OF A DOUBT AND HAVE DONE FOR YEARS!!! Strange how after saying it for so long, now that the magazines such as API print an article, all of a sudden, people are starting to take notice; prior to that my comments were dismissed by many.
If you like the area, think it has what you are looking for, don’t mind a bit of reno work (on some) and are a “buy and hold” type of investor, then Frankston (and surrounding areas) all along the Pennisula are definitely worth considering.
Happy Investing!!! [biggrin]
Jo
Monopoly
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February 2, 2005 - 5:44 am
Although ignorant of vendor finance/wrap deals, I’d take a lucky guess and say that the ONLY GUARANTEED SURE FIRE WAY OF GETTING AROUND THE “STAMP DUTY” is……
[blush2]DON’T BUY THE PROPERTY??!![blink]
Monopoly
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February 1, 2005 - 2:19 am
John,
You have mail!!! [biggrin]
As per my PM to you…..BE VERY WARY of inner city apartments, if for no other reason but because of the oversupply of same. Furthermore, (from my discussions with corporate banking execs) banks don’t like to (not that they won’t) lend money for anything less than 50m2. Mind you with enough “sweet talking” you may get around this obstacle!!! [winking] (joking)
Cheers,
Jo
Monopoly
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January 31, 2005 - 5:01 am
I am not an agent, but I know many of them, and this sort of “street spamming” has been happening since I first started investing 24 years ago. It’s not new and is not necessarily indicative of the market; more the marketing strategies of the RE agency itself.[blink]
Monopoly
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January 31, 2005 - 4:55 am
No problem.[biggrin]
I understand that you may want a “quick turn around” to make a few $$$ but bear in mind, that short term investments won’t give you much CG (not in today’s climate) and secondly, you could face paying CGT if you sell an IP under 12 months which probably won’t be too bad if the CG is minimal anyway!!!
Good luck with the fruit trees (minus the flies of course) [blink]
Cheers,
Jo
Monopoly
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January 31, 2005 - 4:46 am
Or maybe he/she is just CHEAP and doesn’t want to pay for fancy advertising??? [blush2]
Monopoly
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January 31, 2005 - 4:41 am
Dardi,
The biggest problem with finding +CF properties is that they are getting more and more difficult to come by, in many cases, virtually impossible. That is why it is best perhaps to find something that with a bit of “elbow grease” you can make a bit more $$$ thus rendering your investment CF positive.
You obviously are more focussed on immediate cashflow as opposed to CG which is fine, if thats what you prefer then great. Do remember, that although remote towns can experience CG it is not comparable to most regional or city centres, and in addition, banks tend to not like lending money for rural investments, and if they do, it is often much less. Talk to a good broker.
BTW….Steve book relates to a different market; the same opportunities do not exist as they did back then, even for the MAPPERS who had a struggle in finding +CF properties. If you want +CF thesedays, you have to create them.
Good luck,
Jo
Monopoly
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January 30, 2005 - 11:35 pm
Dare we ask where Westan??? [biggrin]
BTW….I vote for a “spell ~~chekcre~~ ~~checkre~~ checker” too; it would make life so much ~~easiier~~ ~~eassier~~ easier!!! [thumbsupanim]
Cheers,
Jo
Monopoly
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January 30, 2005 - 10:19 pm
Originally posted by Dardi:
how do you create something that’s not their???
With imagination!!! [blink]
You buy a cheap property, put in some elbow grease and either rent it out or onsell it.
I feel like I’ve search Aus. from top to bottom,
I doubt it!!! [blush2]
Most people who say that haven’t even looked at the SEARCH option on this site, let alone looked beyond their front door!!!
But I shall not give up.
Good to know, but seriously……
How long have you been looking??? How many websites have you looked at??? What sort of information are you looking for that perhaps these websites have not provided you with??? (you may be looking at the wrong ones). What specifically do you want to find??? (that is, are you more interested in cashflow or are you prepared to sacrifice a bit of money for the longer term benefit, ie. CG???) What are you investment goals (short and long term)??? If you can’t find +CF positive are you prepared to “create” one buy spending money on renovating??? If so, have you considered costs associated with these plans??? Are you prepared to invest in remote country areas (which can be risker) and if so, are you prepared for the higher management costs of owning these properties??? These are but a few questions you need to sort out in your mind before you jump into property investing.
NZ will be where I might look into next.
I believe NZ is equally as difficult, but like Australia, with some serious RESEARCH you might find something.
What’s a good web site to look up profiles of towns??
Council websites!!!
But you won’t get an overall list of profiles.
Try: http://www.domain.com.au select SUBURB SNAPSHOT and then type in the name of an area of interest. When satisfied with all that, REPEAT the process for another town and so on……
Try also: http://reports.rpdata.com.au/
Again, you will have to choose your own area of interest, and it doesn’t give you a profile of the town, but helps you get a feel of some basics.
Look, don’t get me wrong Dardi, I am all for helping out a newbie, but the way I see it, if you are not prepared to put in the hard yards, you should look at other investment opportunities
Why not look at a few areas of interest, do some research to find out all you can about the them, and then if you still have questions about these areas (their CG potential, population size, history etc) and you want to see what others think, THEN ASK “what do people think of X” and forum members in here are pretty good; they will tell you straight up, no BS.
However, no one is going to spoon feed you, and personally, I don’t believe they should; if you don’t want to do the hard work, engage a buyer’s agent and pay them to do it for you.
Good luck,
Jo
Monopoly
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January 30, 2005 - 12:56 pm
Dardi and Wazza,
You will both have more luck in finding information on POSITIVE GEARED PROPERTIES using the SEARCH function (top left hand corner of screen) than you will in tracking such investments. It is difficult, but not impossible and takes alot of research, so may I suggest you start off with using this website facility to set the mood, and which will provide you with pages and pages of links pertaining to this very topic!!!
Enjoy, [biggrin]
Jo
Monopoly
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January 30, 2005 - 12:13 pm
Rick,
There are some fantastic PC versions of the game available; my favourite is MONOPOLY TYCOON a 3D interactive version which has different degrees of difficulty and is lots of fun.[biggrin]
Check out a few popular sites:
http://www.hasbro.com/monopoly/
http://www.albionpark.com/277.htm
http://www.gzkidzone.com/gamesell/p14406.asp
This last one will enable you to download a demo version of Monopoly Tycoon, and once you have played it, you will want to rush out a get a copy.
Have fun,
Jo
P.S. You don’t have to play with yourself [blush2] the computer introduces other tycoons that will try to bankrupt you!!!
Monopoly
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January 30, 2005 - 11:47 am
Originally posted by Rick Traberg:
Monoploy
You no what you are right I cant spell. By the way love your forum name.
Let me tell you a story , when I was 8 years old I went to a party and all us Kids cousins 2nd cousins etc decided to play monoploy .I was the youngest and had never played before. Anyway to cut a long story short I won the game as was over the moon . I played with the hat . Still my favorate peice today. From that day on I would always play the game and would win most of the time. It just made sence . People ask me today how did I ever get into investing in property and I tell them I always loved to play monoploy . They laugh but it is the truth.The hole idea just makes sence.That is a great forum name
Hey Rick, don’t worry about the spelling, I only corrected you just in case Barbie decided to do a search on the net for the area, and as you probably know unless it is typed in EXACTLY right, it won’t bring up any results.[wacko]
As for your experience re getting into RE because of the love of the game “monopoly” I can relate to it only too well (although I come from parents who were hard nosed investors and us kids got it shoved down our throats whether we liked it or not; thankfully I did). Yes I love the game too, and I never owned a copy of it myself up until I was an adult; now I am the proud owner of 8 different versions of the game (and my collection is growing). It’s just too [specool]
Originally posted by Rick Traberg:
Any way back to forum you are right about drouin , but there is some tacky propert around there that you can get cheap do a quick lick and get about 7,8,9 % return
What a fantastic attitude!!! Seriously, it is hard to find much in the way of +CF anywhere thesedays, but I agree that with a little bit of determination and a heck of alot of research (and as you correctly point out) some hard work including for example “a lick of paint” you can maximise your returns. Good point chief!!! [thumbsupanim]
Keep up the good work; you’ll master that machine in no time….if all else fails flick the switch!!! [tongue]
Cheers,
Jo
Monopoly
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January 30, 2005 - 11:02 am
Hey Westan,
Your post prompted me to re-read mine, which clearly indicated that +CF was possible in Melb; hopefully Barbie will not have read it before I made the changes.[blush2]
Is NZ is a more feasible option for +CF Westan??? I believe such properties are becoming equally as rare as hen’s teeth in Kiwi land; is this the case??? [blink]
Cheers,
Jo
Monopoly
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January 30, 2005 - 8:57 am
http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/1A79E7AE231704F8CA256F720082FEB9
ABS 2005 stats (recent) totally FREE very informative.
Population trends; any search engine (Sensis, Google, Yahoo etc) type in “XYZ (town name) POPULATION GROWTH” and hey presto, you should get a heap of useful information re the population/growth movements of the area you are researching, and IT’S FREE!!!
http://reports.rpdata.com.au/(not alot of info) but it helps, and again, IS FREE.
http://www.domain.com.au (search under SUBURB SNAPSHOT) this will give you a breakdown of demographics, and cultural composition of area; ALSO FREE.
Council websites of area in question; most council websites have planned infrastructure details on them, and if not sure, give them a call, much of this information can be sent to you if not on their website….AGAIN, ALL FREE.
http://www.eaussie.com.au/aussie_valuer.htm
And that’s just for starters……..[biggrin]
Cheers,
Jo
Monopoly
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January 30, 2005 - 8:46 am
Originally posted by Rick Traberg:
Regonal yes do a bit of home work , Drowin has some if you look hard enough and it is still growing . Maybe look for places that have self contained units or bungalows that you can rent out seperately there are opps but you have to look hard and think a little diff.
Town = (correct spelling) DROUIN
From CBD = 86km
Average 3 bedroom home = $185,000
Average rental = $160 p/w
Not quite +CF but worth considering.
IMO there aren’t +CF investments in Melbourne, IF ANY they are mostly in rural areas (some regional, but these are limited). As Rick suggested, you need to really do some serious RESEARCH, and who knows if you SEEK you just MAY FIND!!!
Cheers,
Jo
Monopoly
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January 30, 2005 - 8:31 am
Errr…Bwendan, you’re all of 16 aren’t you??? [blink]
Not that I think that’s a bad thing, I used to be that age once too, but I hardly think finding an investing partner at 16 is very likely.
Study hard, learn lots and in time opportunities will be yours for the taking.
Cheers,
Jo
Monopoly
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January 29, 2005 - 4:53 am
Where are you located?
Simon/Brahms,
According to https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=15071 amd Alexei’s profile, I’d have to guess SA.[biggrin]
Cheers,
Jo