I don’t know if this will be helpful or not but it works for me.

I always ask to speak to management (go straight to the top). I then tell them in a very calm yet straight manner that I’m not satisfied and that if the problem does not get resolved I assert myself by saying “It’s a known fact that if you do a good job clients may tell a few people but if you don’t they will tell everyone.” I then add “If you don’t fix this problem I will make sure I tell everyone how dissatified I am.” I then put it back on to them by asking “is this the type of publicity you wish to create?” I make sure they know I am serious!

Its direct, sincere and effective without being aggressive. It has never let me down.

Good luck

Hi
My first post in a while.(been over a year)

I am only just experiencing my 1st subdivision, (in comparison its only a residential block and not in the scale you refer to) and I’m not sure if its helpful advise but have you thought of combining with an experienced developer? You don’t stand to make as much profit as you would doing it your self but what you stand to gain in experience will set you up to be able to do it all yourself in the future.

If it were me and it was my 1st big project I’d definitely consider approaching someone who has the money and experience to back the project, making sure I had legals inplace to ensure I was still rewarded financially etc. I’d also negotiate that they have me in the forefront of all the processes so I could learn 1st hand what goes on.
I’d choose this road as I have no idea about the hidden expenses and processes involved in building roads and supplying water & electricity etc so having a experienced backer could save me from loosing the lot.

Anyway it’s just a suggestion. Good luck with your project. I’d love to hear how it turns out as I would like to go in that direction myself one day.

[biggrin]

Hi
My question is:

Are any improvements tax deductable. Lets say you spent $10,000 over a year increasing the value of the property and you sold it at $50K profit then would your taxable income be reduced to $40K?

Thanking you
Ms Elvis
[]

I would be interested in the properties you mentioned. Email me at [email protected] if you are genuine

Cheers
Ms Elvis

quote:

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Hi bjajcr

i’m thinking that now is the time to invest elsewhere, the returns are not good enough for me in elizabeth area. i’m happy to sell 2 more single duplex properties in Magor st and Guther st if anyone wants them for about 88k, put them on the market yesterday. no i did nothing to them except carpet when i bought them in 1997 for 25k each half a duplex. tenants could be a problem so get a very good manager i can advise who not to use. also landlord insurance is essential.
westan

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Congrats from me too Steve

I’d be interested in getting a copy for sure!

Cheers
Ms Elvis

Hi again,

I’d definitely would much rather go for a PI loan but i feel it could leave me out of pocket. Not a good idea while my income/outgoings is low. I just wondered if IO loans were considered foolish. I can’t see another option tho for my situation.

Thanks for your input

cheers
Ms Elvis
[]

Hi everyone,
Reading MiniMogul has given me food for thought…what confuses me is the statement “will then ‘only’ be 22.8 percent.” To me only 22.8 percent sounds like heaps so what I am asking is am I doing this wrong. I’m about to try and purchase my 1st investment property at around $100K.(it the most i could get from the bank based on my income and equity) The repayments with a loan at the current rates would be either:
interest only……… $115.40 wk or
principle/interest…. $148.60 wk

The most I could get in rent for this area is $160 but realistically I’d get $150. At this rate i’d be getting at best 7.8%. If 22.8 percent is classed as ‘only” am I going down the wrong path?
Have I got this all wrong or is my investment scenario a bad idea? I’d like to hear what you think

Cheers

Ms Elvis
[]