I’m thinking the italian MC won’t be finding new business among the greek guests at this wedding.

This is a sad state of affairs, but is the reality of the world today.

I’d be interested how you got the vendor’s number? I’m amazed at how calmly it seems the vendor is taking this. If you were prepared to pay an extra 10k, maybe the other buyer would have payed even more? He’ll never know.

Sometimes, the REA doesn’t even present the offer and…[Read more]

Originally posted by pete r:

I had a few small retail shops rented by butcher which then converted to sandwich shop, hairdresser, dry cleaning (Spotless), and an electrician premises.

Do you mind telling us how long each lease was, the time between leases and how much it cost to refubish between tenants?

Do you recommend staying away from…[Read more]

I’m going to sit on the fence on this one.

I feel like both Dazz and F have valid points. One is looking at the trends, and the other looking at individual positions within the trend. Both are of value. Especially if the market has alot of imperfections, like the property market.

Munjy

I’m not so sure if talking ONLY to people who are rich/successful is the right thing to do. Often when talking to people who may not be rich/successful, you see where they have attempted and failed. This can also be a lesson in itself. Or where they have had regrets in the past.

It’s all about filtering what you receive. If your nearest and…[Read more]

JTW,

Looks like you need to find out how likely it is that the pizza guy is going to stay. Has he been there for the last 15-20yrs?

What are the comparable rents around the area? And how easily do you feel this property will rent out if they were to leave in May next year?

I’d love to know your interest rate! If I calculate 100% finance, you’re…[Read more]

Yasmina,

It’s always hard when you mix in personal preferences with investment decisions.

Sounds like you like where you live, but you want to be less dependent on Mr Bank for his loan. Remember that when you sell and buy again, you’ll incur alot of costs.

If in doubt, you could always trial the rental options (rent out a few rooms- sounds like…[Read more]

Thanks Hellman.

Anyone else have an opinion?

Munjy

There is every possibility that I may be wrong as I have not done any “real” maths for a long time. But I think the formula for compound interest is:

n
P(1 + r)

Hard to write it on a post actually. I’ll try writing it out.

Get the rate and add 1. Put the entire amount to the power of n (which is the time unit). Multiply the whole amount with…[Read more]

After looking further into the deal, it turns out that I have found the “catch”.

It is a residential zone, but with commercial office allowances. Basically, even though the whole place looks like a small shopping centre, only offices/professionals, etc are allowed in the complex, according to council.

This means that after the lease runs out, my…[Read more]

Originally posted by foundation:
What? >100 views and nobody has a comment?

Armmm. My only comment is I’m not going to argue those statistics!

I’d love to have those graphs, etc though. I’m sure everyone would! What is your position in the market at the moment F? Are you buying/selling/staying the hell away?

Munjy

Originally posted by Dr.X:
Don’t flatter yourselves guys, if she wanted to ask you out, she probably wouldn’t have much of a challenge! Men never are!!!!!!

So true! We really are the weaker sex.

MissK,

My philosophy with investing is that you have to find something you’re comfortable with, can/will understand, and must be able to afford.

It…[Read more]

Maybe even talk to the local PM to see what rents easily/well/consistently in the area? Then decide what kind of development you need.

You know the usual, don’t put in 1-bedders if there are all large families in the area.

For your second investment, sounds like you’re going big! Go hard!

Munjy

nazzy,

This is really only my 2cents worth. May only really be worth 1 cent, but here goes anyway.

You want to take advantage of the stamp duty and CGT concessions – understandably. The issue of whether to buy/rent has been covered quite well already, so I’ll leave that to you.

However, my feeling of the market today, is that there is better…[Read more]

Thanks asdf,

Yeah, I thought about what you were saying. But I just wanted to have a good base from which to negotiate first. Not wait until valuation, then renegotiate based on valuation coming in LOWER than expected. I’m definitely going to make sure I see the valuation.

Agree with your assessment. No way I can add value.

GST: should be sale…[Read more]

I really have to thank you all for your responses.

Just to clarify, the yield is higher than other properties in the area (and that’s based on the asking price!!!), the lease is 10×10 and the tenant is responsible for all outgoings.

I must say that it looks great. That’s why I’m looking at it in such detail.

It’s been on the market for >2months…[Read more]

Great thread Dazz,

I’m sure everyone is in general agreement on this. Especially on a forum such as this, there should be no need for every post to contain “this is general info, seek prof adv, etc, etc”

The problem is that people look for the easy way and love to point and blame others. On the other hand, occasionally there is merit in some…[Read more]

I think your dog must also help you fertilise and tend to your garden.

This thread really appeals to my twisted mind.

Munjy

Is he still leading the forum in posts? Maybe he’s just taking a much needed breather

Gross,
How heavy is 40k exactly? Did you have it handcuffed to your wrist? Seriously though, that’s a great deal. The things I’ll dream about.

Rabprop,
I’m no expert but these are my thoughts. Try to find out as much as you can about the seller’s motivations/needs/etc. If you can cater to these whether they be quick/long settlement, etc. then you…[Read more]