Forum Replies Created
Hey Caston
When you go to those interviews, do you tend to tell the interviewer about the Asperger’s? It seems that if you get so many interviews, your quals and expience must be good, which should be the most important thing with IT work.Also, why not use centrelink and other resources that could help you get into work? I’ve found CRS to be very helpful.
You shouldn’t feel bad about living with your folks. That’s what they’re for.
Oh what??? Is the sky falling in again? [glum2]
Hi Redwing
I think it comes down to setting clear goals and having set timeframes. There are occasions where I will choose to live like a miser for a certain period of time, but I wouldn’t let myself get into a habit of it. It’s all about balance. Just making sure I have everything I want now and will have everything I want in the future too [cap]It’s also about priorities. Whether investing is an end in itself or just a means to an end will determine how much it takes over a person’s life.
I’d be worried if the kids didn’t want to move out as soon as they finished school. Surely parents want their kids to become independant adults and take on adult responsibilties? You’ve got 18 years to educate them, then maybe help them financially with Uni if they go that way. But kick em out I say. Dazzling, did your folks put you in one of their IP’s when you left home? Where’s the incentive to become self sufficient if you always have such a cosy fall back position of parents who you know will support you indefinitely?
Having said that, it all comes down to the individual concerned. My brothers and I all had the same deal when we left home at 18 (no more financial support) but we all have very different financial situations now. There’s only so much you can do as a parent.
As you can probably tell, I don’t have any kids.
When I went o/s in the middle of selling a property, I gave some kind of power of attorny to a friend but it was only for the purpose of signing the sell contract. He couldn’t use it for anything else. That doesn’t really help though does it? I think asking a solicitor would be the way to go.
Sounds like you’re interested in the stockmarket. There’s no quicker way to learn than by buying some shares. If I were in your situation, I would bank all my cash in a high yeilding account immediately and when I had say $4000 or so, invest it in a very low risk blue chip stock (like a bank for example). I’d then repeat that exercise maybe once more with a different stock. Continue putting the rest of your earnings in the high interest account and now you’d have both low risk exposure to the stockmarket and also very safe, no risk savings.
Yep, it’s as simple as that [suave2]
Well, that’s one option anyway. You might want to do a forum search on buying an IP first v’s buying a PPOR. There are plenty of other threads devoted to the steps involved and all that.
Hi Landgrabber
Sounds like an awkward situation. Your “friend” has spent a lot of money on the place expecting to be there a long time. That sounds like his main argument.
I think what I would do in that situation is this: tell him that since you value his friendship, you are willing to continue his tenancy at a 15% discount to the current market rent. So that would be $1400 or whatever. Don’t negotiate with him. Put it in a letter and if he doesn’t want to play, then obviously he doesn’t value your friendship or generosity. Leave it with a PM to evict him if it’s too uncomfortable for you and wash your hands of him.
Thanks Jim
Originally posted by DD:fhog will be there when you buy your first “to live in’residence. It is not affected by owning an IP.
Is that really true? I was sure you could only claim the FHOG if you hadn’t owned a house before.
Megapass, bear in mind that any capital gains on your PPOR are not taxable. Sounds like a good opportunity to buy a fixer-upper, if you don’t mind living on a worksite.
I also agree with Foundation’s post.
And you want to get a 2nd job. Tut tut tut
*shakes her head*What he said.
Very aptly named thread Nathan. Let us know how it goes.
Hmmm.. Well, if you’re in a relationship, the answer is “check with your partner”. If not, and your only concern is whether the extra cash will be eaten up by tax or not, just do the math. Remember to take into account the other costs as Steve mentioned.
How are you situated in terms of equity? If the money is to renovate an IP, perhaps an equity loan could be an option. But then, perhaps not, if current repayments are stretching the budget. But again, if you’re thinking to sell after renovating, then maybe so.
Perhaps you could clarify your long and short term goals so you can make a decision that takes you towards those goals. How long would you need the 2nd job for and how does that fit in with your current lifestyle goals? If you have a family, then you have a lot more to consider.
Good luck.
Yes, it sounds reasonable to me. However, you can check with the other owners if you’re concerned. There is an annual meeting that you as an owner can attend and you can bring it up there if you all think the fees are too high.
I agree. Being soft and too generous is not fair on yourself. It’s also not fair on the other person because you are creating the opportunity for them to do the wrong thing. That’s why I say I don’t care about how much people complain, as long as I know that what I’m doing is right. Which of course it isn’t always, but it is what I aim for.
Hi 1winner
Interesting take on the situation. To answer your question, fairness comes into every decision I make whether it be a buisiness or a personal decision. It’s simply a question of my own ethics and morality. Fairness, to me is very objective and has nothing to do with how much the person on the other end of my decision complains. Is the price of a pizza or an armani suit fair? I don’t know. I don’t know anything about the costs etc. People engage in business to make money to provide for themselves and their family. They are entitled to make a profit and will charge accordingly. But if greed takes over and their intention is to make money at all costs, even to the detriment of another, then that’s probably not a good thing.Taking sweat shops as an example, people in 3rd world countries are working long hours and being paid a pittance and yet the cost of the product is exorbitant. That is unfair. Is it fair to pay $250 for a pair of runners? Maybe, but the distribution of that money is obviously not.
Is the price of petrol fair? Probably, if the price is driven by the price of oil and the need of the owners of the servo to make a living. If it’s driven by greed then probably not.
I’m in the process of moving house and the owner initially told me it would be a 2 year agreement at least. On that basis I bought certain things for the house and even helped get it finished, by arranging for the electrical work and phone line etc to be done. The owner is in Sydney and was having trouble getting the finishing off work organized. He recently said that he now wants to give me a 6 month lease initially and will probably renew it after that. At the time, that seemed blatantly unfair to me, and on reflection, I have realised that it is. Even if he renews the lease, there is no security for me, and if he doesn’t renew it, then I will have lost a lot of money and be very inconvenienced.
Now, this behaviour towards me doesn’t make me want to be unfair to others. In fact it just makes me more considerate and empathetic.
Not all things are fair, especially in business, but that is no excuse for any one of us to behave in the same way.
Having rented for most of my life, I also hope I never have to inflict a PM on one of my tenants. Apologies to any genuinely good PM’s reading this, but you have to admit that you are in the minority.
Owning investment properties may be a business for me, but it is not a business for the tenants. It is their home while they live there and that has to be respected.
So, 1Winner, regardless of the price of pizza, I desire to be honest and fair in all my dealings in business and in my personal life. I am glad you have found amusement here though. You can’t have too much fo that.
Well, yes TMA. You know “small things…” and all that.
Lol. Thanks surrey, that just made my day.
Originally posted by kerwyn:So the moral of this little story is, don’t procrastinate?
Kerwyn.
Or is the moral of the story that if the insurers don’t like the tenants to the degree that they won’t give you insurance, you should find new tenants because those ones might burn down the house?
Hi Jenny
I live on the Sunny Coast and that sounds very unusual to me. Check the cost of similar rentals and if it’s in line, definitely get another agent, or if you have the time and energy, put an ad in the local paper yourself.
PM me if I can be of any help. Hope your hubby is feeling better soon.
