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richmond
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@richmond
Join Date: 2003
Post Count: 831
November 30, 2003 - 3:38 am
Hi Kay
Yes, this is a site for discussion… on property investing. We’re trying to get it back to what it was designed for. That’s Steve’s right as the owner of the site…
Cheers
r
richmond
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@richmond
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Post Count: 831
November 30, 2003 - 2:03 am
Oh it’s going to burst and leave gooey stuff everywhere…
The sky is falling, the sky is falling…
Just as well I’ve got my swag to live in if it all goes really bad.
Seriously, I think there will be a continued softening of the market as interest rates edge up… going on all the noise the RBA makes about overcommitted households in terms of debt there are a lot of people out there who are geared to the max (mind you I don’t know the good debt v bad debt breakdown in those households)
It’s a bit of a worry really, because interest rates are still quite low, even with the .25 rise expected in December.
I reckon there will be a few people in property investing that may have been sucked in at seminars, or by spruikers, that will off-load their properties as the “property is bad” mantra grows momentum while further rate rises hit home.
I don’t quite think it will be the “blood in the streets” scenario some are predicting, but it’ll be a good buyers market nonotheless.
your predictino of 5k to 20k on the average house… where is your “average” house located?
cheers
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 30, 2003 - 1:48 am
Hi bear,
I can’t even remember the exact details of it, so sorry, can’t help. Why not just start a new thread? It may have just got mis-placed during the restructuring…
Like I said, I’d send admin an email and ask if it is okay to advertise your spotting services… you might not have broken the rules, but it doesn’t hurt to check with the owner of the site, does it?
cheers
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 30, 2003 - 1:23 am
Bear,
Was that the thread where you were offering your services as a spotter? As I’m sure you’d understand, we can’t just have everyone who wants to offer a service for a fee advertising on the forum because it’d get out of control pretty fast.
Send [email protected] an email and ask if you’re allowed to.
cheers
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 29, 2003 - 7:50 am
Mate
You’re only a young fella, you shouldn’t hate being single, you should be out lapping it up!! I’m sure I speak for a lot of the attached/married blokes out there (hope soon-to-be mrs richmond doesn’t read this)[]
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 29, 2003 - 7:44 am
Hi
I’m sure there are single people out and about on this hot Melbourne day enjoying themselves instead of sitting on the bloody computer!! I’m at work so I have an excuse…
I’m getting married two weeks from today, so technically I’m single, but not for long…
Cheers
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 29, 2003 - 6:34 am
Howdy wezwaz…
Life’s too short to be cynical, get out and have a crack and don’t worry too much about other people’s motives… YOUR motives for doing what YOU do are all that matters. I’m sure Kiyosaki wouldn’t write more books if there wasn’t demand for them, and Steve wouldn’t have done his, and run seminars if there wasn’t a market… so why begrudge them what rewards come their way?
Cheers
r
(ps I haven’t been to a seminar… but I’ve read a lot of books)
richmond
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@richmond
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November 29, 2003 - 5:54 am
Davo,
Massive capital gain in 2 weeks? What % are we talking?
Cheers
r
richmond
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@richmond
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Post Count: 831
November 29, 2003 - 5:37 am
In Qld, I put $200 deposit down on 4 properties (that’s $200 for each property) and didn’t cough up the remainder of the 10% until settlement… the 10 or 20% issue is for the banks to worry about, not the agent… why let it sit in their trust account when you can still put it to good use in an offset facility or something?
r
richmond
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@richmond
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Post Count: 831
November 29, 2003 - 1:57 am
and by people continually responding to bill and mini related threads, the “nonsense” is perpetuated….
hang on, now I’m guilty of it too… []
note to self: no more posts from richmond re: bill and/or mini
r [8D]
richmond
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@richmond
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November 28, 2003 - 8:14 am
I agree with melbear, it’s worthwhile to smell the roses along the way with a bit of a reward here and there…
cheers
r
richmond
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@richmond
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November 28, 2003 - 5:21 am
depends mr collins…
what economic figures can you give me for innisfail? what’s the main industries? demographic trends etc etc etc…
do your research into the area as much as you can.
Cheers
r
richmond
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@richmond
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November 28, 2003 - 4:03 am
dunno cos I didn’t buy in flood…
richmond
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@richmond
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November 28, 2003 - 2:03 am
most of those cheapies in Rocky are in flood areas… make sure you do your homework, some of them go well under when the fitzroy river comes up.
cheers
r
richmond
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@richmond
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November 28, 2003 - 12:47 am
You could get yields of 12% or more for decent places in Rocky only 6 months ago… are you talking up Rocky cos you’ve just bought there alwayslearning?
r
richmond
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@richmond
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November 27, 2003 - 5:41 am
Cos in the UK (and US) interest rates are at record lows (like here), prices have been on a five year boom (like here), and there’s been an increasing amount of people taking on massive levels of debt to get into IPs (like here) (at least from some of the stuff I’ve read)
cheers
r
richmond
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@richmond
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November 23, 2003 - 1:01 pm
alwayslearning… I just deleted a thread started by you that was advertising for money partners to do some things in Rockhampton… sorry, that’s not allowed according to my interpretation of the site rules…
Also, you say you’ve bought 11 properties in Rocky, yet you say you appreciate the stats matt provided, and that more would be appreciated… it just strikes me that if you’ve spent over a million bucks in one regional city, you’d have done all your due diligence very thoroughly… it strikes me as… well, odd… anyway, if I’ve offended you, sorry.
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 21, 2003 - 1:08 pm
c’mon,
155 views and 6 replies for a relatively fresh thread? Answer these questions honestly, and don’t be shy… if it’s not beneficial to yourself, it might at least be beneficial to someone else… I’d hate to think a lot of people are investing without THINKING!!! A few of you “oldbies” why not give the “newbies” a bit of insight into your thoughts!!!
Go Wallabies!!!
Cheers
r
richmond
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@richmond
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Post Count: 831
November 21, 2003 - 10:30 am
well played mate, raise your bat… my email’s [email protected] drop me a line.
r
richmond
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@richmond
Join Date: 2003
Post Count: 831
November 21, 2003 - 8:57 am
Hey Matt,
Don’t mean to be a pain in the butt, but a guy called AD did this to me when I started here, and it was very helpful… If you can tell me population trends, industry trends, rental vacancies, other stats etc etc to give me an idea of research you’ve done, then I might help you out.
Cheers
r