It may be bad manners to plug someone in someone else’s forum, but this looks like a job for either the Jan Somers books (although remember she’s a negative gearing fan) or Margaret Lomas who puts things very simply.

Some of Jan Somers’ books point out that the figure of 7 to 10 per cent not only holds over the last 40 odd years but can be traced…[Read more]

Heh, heh. The supersecret meeting of a group of which noone has ever heard meets again in total secrecy and has its entire agenda and discussions in the paper/ on the web etc.

Standard technique for dressing up personal theories as the view of leading authorities without even having to find an authority to quote.

Totally agree, Foundation.

However, I’d guess you don’t argue with the longer term proposition that an Australian median price of $1 mill per house is quite feasible (not that being a millionaire would be very special by that time)

To all except professor.

Ignore the drivel and the driveller. Above all, don’t respond to the muckracking. It’s called trolling and its only purpose is to draw a reaction – typical immature behaviour.

To put the discussion back on track, I’d be interested in finding out what most people see as the most valuable part of the exercise – the…[Read more]

Just on the ‘big company buys patent to suppress it’ crap, it’s just that. If you hold a patent and fail to market the product, it can be taken off you precisely to prevent this sort of behaviour. That’s been the law for decades.

Sheesh.

BTW, for the ‘wind is economical now’ fans, several investments in the Canberra region, in the face of…[Read more]

Dazzling,

In answer to your original question, I always make sure that the cashflow covers the tenant expense, including vacancies. That’s the same as you, really – the tenant pays me to landbank.I don’t really think it’s a commercial vs residential thing, I think it’s more about cashflow vs cap gains.

And yes, my contracts specify all sorts of…[Read more]

…and Michael’s views would be worthwhile, but they would be just that – views.

What does YOUR research and due diligence show? Where are you looking for info, and what trust do you put in your sources? As Michael’s response indicates, an answer to your question will only be valuable and as meaningful if it relates to your goals.

Do you have…[Read more]

Originally posted by Maxwell:
Thank you for taking the time to fill out the survey [thumbsupanim] As it is possible to get some international property questions but this is dependant on the answers that you submit.

I do not want to disclose the data I am after to ensure results are accurate.

Ah, an interactive survey! Will be interested to see…[Read more]

Andrew,

I note your form seems to concentrate in its second half on overseas investment. Why is that? It might be good if you were willing to spell out what it is you are trying to achieve in your survey.

NB. I never give out my personal details, so although I’ve filled your survey, I’ll just pass on the wine.

I’d view this as a golden opportunity. Every request should be agreed to, with the consequent rent rise stipulated. New switches? Sure, that’ll be $5 per week. New fence? $10 per week. Move the line? $15 per week. If you’re really lucky, they’ll agree to some of these before they get smart and shut up.

In the mean time, you upgrade your…[Read more]

Try Karratha.

Try Kalgoorlie.

Try buying a dump and renovating or a tiny box and extending or a commercial property or a “Don’t wanter” or a wrap or a flip or something that you can turn from negative to positive.

Use your eyes and your brains, not your butt and your mouse. CF+ never did just fall out of the skies, you had to look and look and…[Read more]

Dear elbows

I can’t imagine how hard that must have been, let alone how you must feel.

My (US) lawyer insisted that my wife and I decide the issue as part of estate planning so we have formal DNR orders for ourselves and as instructions to whoever may become responsible for us.

Congrats for having the courage to start this thread.

Ozi,

Be careful about “checking out” the bad areas. Many people I spoke to wouldn’t go there even if you paid them serious money, especially if you have a white skin. My realtor wouldn’t even inspect houses there without an off-duty cop for protection. As for trying to collect rent from one of these places – you’d need Mike Tyson to do…[Read more]

We are largely insured with Allianz. Never had a claim rejected.

Originally posted by mgs2:
I think now days the average age the Australian leaves home is 25. This is understandable that this age has increased greatly over time, to keep with changing conditions. Now days in Sydney, as an example houses are 10 times the median wage, it also must be taken into account that few young people straight out of school…[Read more]

Starting from nothing, including experience, you aren’t going to make your millions in a year. But I guess you know that. But in 10 years, with grit and determination, you could well do so. And when a decade has gone by and you look back and see what you’ve achieved, I hate to say it but there won’t be a fireworks show and a marching band -…[Read more]

I think it’s important to realise that Aussies are not the only investors who have come to realise the potential for the Buffalo/ Rochester area. There is a lot of money flowing in from New York City, as well as from California (where rental returns are down around 5% and below).

There is also the local percpetion that Buffalo is dying. When…[Read more]

I think I should probably reply, as, without meaning to, I appear to have promoted the US market, particular in the Buffalo area. My posts were and are only meant to be educational – what you draw from them is your own business.

Ozi makes a number of valid points, as far as they go. After some misfires, some of which cost serious money, I am…[Read more]

Not disagreeing, but perhaps a different way of looking at it. First, what anyone does is THEIR rsponsibility (duress aside).

However, in giving advice on a forum like this, where you only know part of the story but tailor a suggestion to what you do know, ay not be in the best interest of the person you are trying to help.

The solution is…[Read more]

If you lose the ‘Duplicate’, you’ll need to jump through quite a few hoops, including signing a stat dec. signed by a JP and resubmit to the Titles Office with a fee.
…
I must admit some of the older ‘Duplicates’ on A3 or so parchment look really snazzy, especially with all of the fancy handwriting and the history of previous owners, but really,…[Read more]