Forum Replies Created
Hi Jae
Are you looking at commercial or residential? If residential, you’re more likely to find +ve geared investments in regional areas particularly mining towns. Have a look at http://www.realestate.com.au to get an idea of what’s around.Oww! Yes, we do have the internet thankyou very much. [wha]
PS: I can only get dial up, but I’m sure that’s not a reflection on the entire state [worried]
There are plenty of places. Salvage City comes to mind, I think it’s on the Sunny Coast. Have you looked in the yellow pages?
Actually I just re-read your post, I was thinking 2nd hand. Still, you might try the 2nd hand building supplies places (check phone book) as there is often stuff there that is as new.
If you’re thinking really long term, keeping it is an option. For short term though, it seems that all your money is tied up in an investment that you don’t expect to increase in value any time soon, while there are investments out there that are increasing in value as we write.
Or did you just buy the place so you’d have somewhere to live that you could own? If that’s the case then there’s no reason to sell if you’re happy making the repayments.
As to not being able to afford to buy in Sydney again in the future, well, why not? If values are falling or going sideways while you’re out making more money in smarter investments?
What is it that you’re aiming to acheive? You need to know the question before you can work out the answer.
No, wait… Buy
Use the search function to get a bit more background. But invest that 30k immediately in something whether it’s property or not.
If you do a search, you will find a lot has been written about private selling. In my opinion, it is easier and better if you find a good agent to sell it for you as they will be able to get a better price which will cover their commission. You don’t need to pay any money to them before the sale. The commission and advertising is taken out when it is sold.
Agents don’t seem inclined to negotiate their commission. It is a set figure. Doing the advertising yourself is probably not going to be time or cost effective.
I’m sure someone with experience of auctions can tell you if that’s a better way to go. I think a question you should be asking the forum is if anyone knows a good RE agent in your area.
Are you certain it wouldn’t be better to rent out the house while you’re away?
Leou,
I hope that’s useful to you. Doesn’t sound very promising to me. As I’m sure you’ve gathered, if you want advice on paying off your debts, you could get some on this forum.Grossrealisation, my apologies. You’re quite right.
Hi Dazz
Sounds like you’re getting it figured out. It might be a good idea to look at exactly where you are now and then where you want to be in April 2007 to help clarify what steps you need to take next.I think the past is not so relevant. For example, deciding not to sell properties because in the past you spent 500k setting up the structure, is probably not a good strategy. Also comparisons about what you could earn in Perth and what you earn now are probably not helpful. Especially now that you’ve decided to leave that highly paid job. Focus on the reality of the present moment.
What an exciting time you’re in for. Remember to have fun.
It’s great that everyone can re-iterate Dazzling’s post but can anyone actually answer Leou’s questions?
The questions are: Is it possible to get a loan while bankrupt (with or without a guarantor),
and, Is having 2 defaults as bad as bankruptcy in terms of getting a loan?
I think it would be a good idea for the people who advertise on this forum to have the word “advertisement” in the topic. Either that, or for no-one to advertise at all. There does seem to be a bit of a double standard in this regard.
I have a 1990 falcon that I bought just over a year ago for $1400.
Hi Dazzling
No, I’m definitely not going to jump down your neck. That suggestion is pretty much exactly what I would love to do and is the sort of thing I’d done in the past. However, at the moment, it is not physically possible. I can elaborate if you like but the outcome is that my income is limited and fixed.
I’ve only got my current investments to work with. I am not risk averse and will consider anything. Well, maybe not anything, selling my body and MLM are out, but anything else.
Thanks
Redwing
What’s your experience been using this system?Prophecy, Dazzling gave a very thorough answer to your initial post. I agree completely with what he has to say and am grateful for his willingness to share his insights so fully with less experienced people.
Thanks Dazzling.
Caston,
Working full time for 6 months when I finished school allowed me to spend 7 months travelling through Africa and also paid my first years uni expenses. I didn’t like the job much or the people I had to work with but it was all “character building” and faded into insignificance when I acheived my goals. After uni, one year of full time work which was really dreadful after the first 3 months or so, allowed me to buy my first 2 properties and travel around Europe for 6 months, and support myself for the next 2 years. Seems like a good trade to me.Dazzling,
On oil rigs, what are the opportunities like for women (in practice, not theory)?Great posts everyone.
Hi Paula
I appreciate that this will be the start of your empire, but even so, my advice would be to go ahead and buy this property in your own name. If the opportunity is there now, take it.I fail to see how a single person with no dependants could not survive on a full time wage, regardless of whether they work in a city or not.
I can see how it might be a more comfortable lifestyle though, living with one’s parents.
I agree with Caston. How could a single person possibly not survive on a full time wage? I am a young single woman and live well on far less than that.
