Hey Dino, my rent assisted tenant pays market rent, guaranteed 52 weeks per year – they are a subtenant of a housing group i let to. No agents fees, and guaranteed rent – I am about $20-30 per week better off with them than a private tenant and an agency. I know what you are saying, I struggle to be where I am as well, but everyone’s got to have a place to call home – thats what rent assistance is about – don’t measure it by the minority that stand out as bludgers. []

Bill, hows my order going for the BSS on subdividable land? I think I need thirty of them. Have thirty real estate agents lined up ready to put their smiling faces on the bill boards – 30 * $800pmonth (charging premium for special plastic coating on the bill boards to keep their pearly whites sparkling!! = 24000/month. Have hocked the car and motorcycle to finance – want to sit for ages in my own bus shelters waiting for late buses!!!![] Will never have to work again!!!!

Muppet, if you took this guy’s view to heart, you would put 30% of the population on the street – wher will they live if they don’t have a landlord renting a home to them? Honestly – by having only one investment property, does he think this will make him only a tiny bit of a ‘nasty landlord’?[}]
If we all listened to the doomsayers we would indeed become one of the herd.
My aim is to be different, to try things the majority aren’t, to think creatively and to at the end of the day sleep well, knowing I did my best – and I believe you can do it in property!!!
Lisa R[]

Hi Con,

Others will give you a full answer to your questions.

If Dubbo is real for you, I understand that the meatworks has been/is being closed down. Loss of jobs is in the hundreds. You may need to ride out the cycles, provided of course you can minimise your vacancies.

Kind regards, Phil

Hi Jaffasoft,

Thank you for your reply. It took a while to sink in didn’t it? Please re-read my post to you. But smile as you do. You may then understand the benefit of what people have to offer you.

If only you would realise that people are doing their very best to help you achieve your best also.

Enjoy the dole bludging. I trust that you may put our taxes to good use by way of improving your grammar and spelling.

Kind regards, Phil

Hi Mini, A couple of questions I am aKiwi investor living in Oz I have several IP’s in Auckland I use Open2view and Realenz.co, I have not seen properties in this price range
1) Which towns cna these properties be found in and on which sites ?
2) What is the expected rent on these properties

Thanks L[?]

Dino and Jaffasoft,

I can’t resist and I make no apologies.

Dino, I reiterate that you gave a balanced argument in your first post. You are having a go at finding answers, saying it how it is and seeking advice. Fair enough; and if I wore a hat I would take it off to you for having the courage to present your argument to the open forum. We all are learning from one another.

Jaffasoft .. you have me totally confused. On the dole with a boat valued at $10K, and internet access? Mini, Mel and Paul had already responded to you and are giving you their time and energy in an attempt to help you. Just look at the duration of their replies to and for you. Yet you posted again, now saying that Steve’s book has value. Yet .. the only thing you mention from the book is that you relate to Tom’s attempts at losing properties. Are you saying that failure attracts you? I do not understand which point you are attempting to make.

As for your repetition of the $30, it’s your choice to purchase, no one else’s. Again, some seem to miss the point. “The Book” is not about telling people where they are wrong. It is simply Steve’s story of what he has achieved and it provides another concatonating income stream. Good for him.

And no, I am certain that Steve will not be “humiliated” by any of your comments. Why do you think he has not responded thus far?

Listen to Arty and Erika, they too are trying to help you .. for Christ’s sake, look at the sunny side will ya? Shirley suggested the library. Why didn’t I think of that. It might not be on the shelves yet, but as you don’t appear to be ready to learn, this should not present a problem. As for your “brick wall”, you should only hit one when you don’t have enough equity or cash to get you into another property.

Sometimes we build our own brick walls.

With genuine concern for a fellow human being,

Phil

ps I’m learning from you also

Thanks to my big brother ….

Bill,

130 – 0 Bus Shelters Overnight ..

Further to my testimonial, I want to thank you yet again for getting me in on the ground floor on those investments. I trust that this won’t be viewed as insider trading!

Although the Bank’s “drive-by” valuations came in OK, the b*st*r*ds still wanted me to pay LMI again as you will recall.

Thanks to your further instruction and the efforts of my broker, LMI has since been reduced to less than 10% of that originally quoted.

The location, location, location and ambience of each property has given rise to another concern however. (Thankfully the Vacancy Factor has been negligible albeit on short term lease.) But Vagrancy Factor is now a problem. Have you had experience in dealing with Squatters’ Rights?

On the upside, I get to meet new people every day.

Thanks again Bill, in making me realise a brighter retirement.

Regards, Phil

Stu The Westpac LOC with pro package is 6.12% (at 0.6% off) As far as I can tell from the website NAB don’t offer the discount on their LOC, only on their home loans, or did I miss something. Do you consider 6.12% to be excessive wrt to the others?
BTW, great article in API magazine.
Regards, Jim