Forum Replies Created
Dazzling i’m with you on Tip 8
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThanks for the information guys
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI tend to agree with some of what Marisa says – i’m more inclined to buy than build. I believe costs of building are going up 1-2% permonth (due to steel prices and other factors) the waiting list ‘is’ still long, hard to find quality tradesmen, bricks in short supply still ‘yada yada’.
I have an IP in CLARKSON and it’s gone + CF a while ago, i like the area and believe its still got CG value, agree with picking your area in Merriwa and good tenant selection.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree with DAZZLING have a go at taking matters into your own hands if you are not happy..you could probaly write a better AD for your IP anyway. Bill (from this forum used to write some beauties)PLUS your motivation is higher-you own it! I’d rather take a $20-30 loss each week than a $300.
LASTLY compare your IP and rent to similair IP’s in the area“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorUproar in WA
Hey we’re still smarting about the fact that a female proprety owner (investor) is losing her house under the proceeds of crime act as her tenants were using the house to grow/sell marijiuana.A guy on 6PR Radio rang up the other day wanting to know what to do, his parents rent thier IP privately and the son did the last inspection; he saw one room had been converted into a green room (literaly) his quandory now “do i tell the cops? and if i do will my parent lose thier house?”
I believe we as the Property Owners also have to ensure that if your tenanthas a potentialy vicious (protective or scared) dog- then you as the PI are responsible for erecting a “Beware of Dog” sign..
I also got a letter some time back regarding shower screens and that you are required to replace them if theyare not safety glass due to a tenant falling through one and slicing himself open, again you are supposedly liable..yet in a meeting i went to the commercial buildings only had to meet the fire code of the day when they were built, they dont need to be upgraded to todays codes even for the basics such as a fire panel (and there are numerous people in the buildings 24/7)
Whats next ?
having no problems with my shares at the moment though… [blush2]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorBe Nice if it was BS jason…but i dont think so somehow…[confused2]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAnother REA i spoke to said it’s prob true- insurance companies bleeding the public.
REIWA stamp on the letter also, i’ve asked them too…
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJ- That seems to be great for a capital city?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDocep have told me to contact a lawyer and get advice?
I’ll keep you posted
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi again Olly..
Firstly i’d get 3 valuations from local REA, i then average them out to get an idea of the properties worth ( i do this each 12-18 months on my IP’s).
This should give you a good indication, then start looking at what each of the partners want to do and if someone did sell thier share, waht would be a fair and equitable wayof doing it (? market value minus 10% of thier share?)take notes, keep it all down on paper and look at all the options.
Who knows you may have a bunch of equity that you can still do something with, ven after buying out a partner?
IMHO also sit down with a good Mortgage Broker and discuss your options also..
It’s all about looking at the available options and choosing what best suits “YOU”.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhi Olly,
You may have to post some more details regarding the deal.
how much is the property worth now ?
What do you get out of it (income) and a fewmore details.
IMHO you need to work all the details, plus pro’s and cons on paper and look at the deal as a business deal tehn see what thebest move is..
what was your intent when you purchased..are you on track with your plan?
Do you have a plan?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorVALE i mentioned some time back on the FORUM before they even cleared the Land- it’s owned by John ROBERTS (MULTIPLEX)
I believe a Melbourne Lawyer who owns land close by will be developing his parcel of land also now
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLooks ambigious to me, i’ve contacted DOCEP to get thier take on the issue.
Anyone else know any more?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatori found Steve’s 2nd book to be a bit more ‘Dolf deRoos’ in style..look for solutions to problems.
interest rates will undoubtably rise in the coming months and you will have to think creatively….
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator007..
posted on the 8-02-05?
maybe try PM Brent
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Zen,
As we went through the Capital Growth phase of late you could’ve done well on some OTP apartments (i’m thinking of 2 that i know of,on min deposit) times they are a changing though. Interest rises are coming and you have to be very careful of the oversupply of apartments in some areas.
I see that the area around the Sandringham etc is going apartment crazy and they are finally doing something with the old aprtments down the road.
Have you looked at buying something not so new?
do you currently own any IP’s?
+ geared is easy..just put in bigger deposits [biggrin][biggrin][biggrin]
Actually, keep looking and evaluating and wish you all the best“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’d also be betting ‘Growth” will slow to around 8% rather than the 20% + of late.
having said that there will always be pockets that achieve better than average.
It’s also interesting that the REA of late are going back to traditionaly expensive areas for thier CG ‘picks’ in WA.
Yokine ‘or’ Hillary’s….I’d pick Hillary’s over the two, not that i dislike Yokine.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAt a guess..the rental would be around $140-150p/wk..
I’m guessing again, but i’d think he would have “serviceability” issues with both loans and with only his wage as income..
Unsure as to the structure of his loans, but i’m presuming if he didn’t have to worry about P1 loan he would be happy…
Not knowing “all” details i’m hazarding a guess..
(+ when your down-a “P” plater ran into his car the other day so they are down to 1 car for a while)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNot only change your routine..
But importantly, your Tempo..
It’s gone pretty commercial, but check out MuscleMedia or http://www.bodyforlife.com/
It’s a start
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatori hear ya calvin
I used to have a six-pack, now i’m going for a keg..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
