Forum Replies Created
Hi Simon,
They seem to have disapeared from the share forums as well??
on another note, do you still have your fully furnished IP as I’m chasing info on this strategy?
Welcome back Bill.. ;o)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLooks pretty much the same as WA’s Derek?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRather than a term deposit..most banks offer better returns on their on-line accounts “plus” it’s on-call and easy to access..
I agree with Derek..decide on a strategy that suits your personal situation and needs, expolre your options.
Talk to a good Mortgage Broker now though and look at your options there as well.
Begin researching and building your team now so your are ready when you find something you are interested in..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Doncossack:Hi,
details of house
3 bdr brick.. $220,000 Rented for $170pw
Ive been renting my house in Ballarat to a friend and his family for the past 5 years privately.I have been charging about 4% of the value of the house. I have raised the rent 3 times in 5 years and when i told him it is getting raised again to $185 he told me I cant as its against the law to raise it more than 3 times..
I cant see how this could be true..
Does anyone know about any such law?Also Ive been checking the internet for similiar properties in the same area and the asking price is from 200 to 220 pw..
Thanks,
Doncossack4%…(sigh)
I can remember when it was 10% of the properties current value for rent ex- $80,000 IP $80 p/wk..easy.
Must be getting old[cigar]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThere are a few companies such as ANREPS etc in WA..
You can also list for free on WayneL2’s site from memory..maybe PM him?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLesson for everyone here DrX..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNot in WA G7
‘
Things are still on the up n up…I think Coogee area acheived about 41% CG in the last 12 months, Champion lakes about 80-90% CG ??REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorYou can PM Scott from Depreciator ,he posts frequently on the subject here and on Somersoft..
I will be using them again shortly..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi GPS..do the research ourselves, as i enjoy finding out as much about the area as possible..
Use council web-sites,REA’s (You can get great info from a friendly one, such as access to RP Data etc, Google is also your friend as is the state REI…as you would well knowthere is a wealth of “Free” information out there..Ialso concede that you probably get what you pay for in many cases..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat question..
We Settled Today on an IP [biggrin]after problems with the banks and resending documents to and fro..
On the way to pick up the keys in 1 hour [thumbsupanim]
Have some problems to look at and I’ll post a question for assistance here on the forum; sorting that out will raise the rent and ca$hflow..
We’ll then take stock of our situation and then make our next move
LOVE DrX’s Response..
ShelleyD..I’m sure the Mortgage Brokers here can assist if you post some details, there are a ton of loan products out there for various situations..(I take it that was the point of WASPS post..lets solve the problems?)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat Post Dazzling..
I enjoyed the read.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorYep…It’s never “yours” until both parties have signed the documentation..
Your Idea sounds interesting GR..If the REA’s dont know about it though, I can see them being difficult or hesitant when presenting your offer to the vendor?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’d like to *flick* through at least before deciding on that one..
has anyone purchased or read it?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNot initially +CF Bob..
It would be now with the deposit I’ve put on it, plus it will be a fully furnished (more cash flow) and of course I’ve enlisted Scott of Depreciator fame http://www.depreciator.com.au to get a QS schedule done on the property, as it looks like depreciation heaven to me what with all the quality fittings and fixtures.
Rents in the area are quiet good and the area is only about 10 years old, with more development and infrastructure happening..all positive news.
If you have access to GOOGLE EARTH check the area out via satellite and have a leisurely drive around ELLENBROOK, the VALE and the SWAN VALLEY..stop in for a great Hot Chocolate at the Margaret River chocolate Factory or try the free chocolate samples or drop into one of the many restaurants, café’s, wineries, boutique breweries, market gardens etc..the area is ‘very busy’ and has huge potential IMHO, at the least it’s worth a look.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIt’s the same as InvestEd Derek..promoting the membership side of things.
InvestEd has Steve Navra and a host of other professionals giving assistance and posting in their members only area.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhappens a lot nowadays..especially in a rising market.
In Perth at the moment i’ve seen properties stay open to offers for a week or two; you submit your best offer along with others and in most cases the highest offer gets the deal or gets to negotiate, whereas in the past years if you put an offer in, then in a lot of cases the negotiations were between you and the vendor only (no one else got a look in)..
Good for the seller, not so good for a buyer………
A friend gets around this by doing as J has said (offfer is on the able for 24-48hrs)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI agree with talking and treating the tradesmen on a friendly basis,they probably earn more than you anyway..
The more questions you ask the better informed you will be (just like the forum I guess)..you can pay for problems to be fixed but adding to your knowledge base is invaluable..
Sorry, no bad plumbing stories..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree that Dale’s book is well worth adding to your library..
Check out Strategic Wealth Management as well for articles..you can also ‘search’this forum for additional information..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPS- What State??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFed Government and State Goverment arguing over money for the proposed hwy..
Be interesting to see if this all progresses things..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
