What has happened to MiniMogul ?

Hi Dave

I enquired about this book at my local library abut two years ago after baulking a bit at the price . The library actually purchased the book for me after i requested it ….

I havn’t purchased the book but should really . The author spells it out very clearly for all us drongos who don’t get all the legalese jargon…..

If you are…[Read more]

Good on you Mathew …..

What do you see of the future of where you have invested ?

Nice one Terry…..

I had a tenant pay eight months rent in advance last year and she was a good tenant all round . This was her dicision to pay the money up front . After the eight months I had to chase her for the rent but there was no great drama etc etc .

What I did learn is that there is a subtle hint there that they cannot manage their…[Read more]

The first book I ever read about investing was ‘Making Money made Simple ‘ by Noel Whittaker . I know it is not really about property investing as such …..more about life really .

I have a whole cupboard full of books these days but I would say that Noels first issue of this book , back in 1986 I think it was , is probably the one that set me…[Read more]

On the subject of Warren Buffett , I like to remember a good quote that I recall after reading one of his books .

‘There is only two rules in business .

Rule no. 1 DON’T LOSE MONEY

Rule no. 2 DON;T FORGET RULE NUMBER 1’

Hmmmmm , the mother in laws curse ……

Just when you need her she will be off on her broomstick to make up poisonous potions and spells for you . I would look elsewhere……..

A builder friend of mine tells me that painters charge 35 an hour and although i have not kept an accurate account of my hours i suspect there may not be a lot in it if a lot of preparation is required……….

There was a guy on here a while back who does cladding as a business who mentioned the option of cladding may not necessarily be more…[Read more]

Sounds like you have just had a course in tenants………….

Yeah Mate

Best book I ever read was Jan Somers “White” book .

Before Xmas I was browsing around in a second hand shop and found two old board games for $10 each . One is called Solar quest and is basically monopoly with planets and rockets etc……………..We played it a few times but Kids got bored with it .

The other one is called Rat Race and is quite a good game although very out dated . I think it…[Read more]

Hi Jenny

Have you considered selling the property yourself ? There are quite a few resources available now to help you .

Personally I’d be very reluctant to to pay much for advertising .

A good agent that got you the highest price might be worth their commision but there are plenty that will get you stooged……………

If only it were…[Read more]

Hi Jenny

Sorry to hear about your advertising troubles .

It happens that last week I bought a book called ‘REAL ESTATE without agents’ written by Terry Ryder . It is a very worthwhile read and can really open your eyes up to the crap that goes on with most agents

There are enough costs in property investing with out agents fees IMO .

Cost me…[Read more]

Saving……my grandmother used to save money on the pension .

Said it was for her old age ! Bless her soul

Had a terrible time through the depression of the 30’s …..tough times i imagine ….and then another war . Melbourne was a tough place back then .

I,m a dairy farmer .

Own two farms . One milks 550 cows and another 170 . Have several propertys in local regional towns which we manage , the wife and me .

Find myself spending more and more time in the office with financial matters etc. Thats the way it is …..when you have CASH COWS …

PF

I was at a friends house last night who has skype and also uses engin.com . I’m going to have to get my act together and get setup with a router and headphones .

Amazing . I remember not that many years ago you had to be rich indeed to call Europe…When I was young I used to call my folks collect and you could feel them shudder down the phone !

How much did you pay for your accountant last time Nat ?

Did you ask for a costing at the initial interview ?

These are the first questions that come to my mind . If your affairs are relatively straight forward then the damage may not be too bad eh ! Whats involved ?

About five years ago I was getting ready to sell a property in a Vic regional centre . I had two appraisals done by different agencies and from memory they were both about 215-220k. Both agents had a good look around and sent me written reports bla bla..

I was pretty disapointed at the time and decided against selling . A few days later I…[Read more]

Thanks for the tips . I think I’m reasonably aware of my options .

Some of these properties are in pretty handy locations and have doubled and some in the last few years but the problem remains that some maintenance must be done .

I find if there are quite a few things that are getting buggered like roofs, gutters , HW service ,cladding etc…[Read more]