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  • Profile photo of Rick staRick sta
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    November 24, 2012 - 10:31 pm

    That sounds like my house when I was 18!

    Obviously the tenants were not informed that the pre-settlement inspection was happening on the day. Sounds like the vendor isn't taking the sale seriously. 

    Profile photo of Rick staRick sta
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    November 21, 2012 - 11:01 am

    Well said mystery

    Wish I could have made the seminar, don't get many in Townsville. Unfortunately I'm in Gladstone working for the man.

    Profile photo of Rick staRick sta
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    November 20, 2012 - 7:02 am
    beans wrote:
    Cocaine, true story

    Haha this could be the start of a vicious cycle.
    If you’ve got an appetite for risk you could try investing in a high yielding meth lab.

    Profile photo of Rick staRick sta
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    November 19, 2012 - 11:12 am
    phill666 wrote:
    i wouldnt do it.. any income provided by a defacto partner that is used to assist your asset will become divided up in a court if you split up.. dont do it.. rent out your property and go like somewhere else with him that way you are protected from him taking half your assets

    This is one of my concerns as a young single property investor.  You know the old saying ' find someone you hate, give them a house and get it over and done with'.

    My current structure doesn't provide much in the way of asset protection and this concerns me….

    Profile photo of Rick staRick sta
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    November 17, 2012 - 11:56 am

    Fair enough I apologise if that doesn't help. I'm not real clued up on the SE Qld market, but if in pursuit of cashflow I would target properties with a 8 to 9% gross yield and minimal holding costs ( rates and body corp fees, insurance is also a killer up here in north Qld at the moment) 

    Profile photo of Rick staRick sta
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    November 17, 2012 - 10:41 am

    The example you've given I would not consider a cashflow property….but that's just me.

    Profile photo of Rick staRick sta
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    November 17, 2012 - 8:36 am
    MatthewJP wrote:
    and was wanting to know if it is just a case of jumping in the deep end and having a crack. 

    I believe it is.  There's no better way to learn than by having a crack, and who knows, you might even have some success.

    I bought my first property 2 years ago at 24 with only about 15k thanks to FHOG and stamp duty concessions, and although its not the greatest performing property on the planet, I haven't looked back since and now have 3, each one I buy is better than the last and I've learnt heaps.

    Get involved.

    Profile photo of Rick staRick sta
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    November 16, 2012 - 6:45 am

    With 250k cash you have a lot of options, I certainly wish I had that sort of money just laying around.

    my latest interest has been older duplexes, some minor renos can achieve great rental yields.

    Profile photo of Rick staRick sta
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    November 12, 2012 - 4:59 am

    I would definitely be looking to balance the portfolio with some high yielding properties in regional centres.

    Profile photo of Rick staRick sta
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    November 12, 2012 - 4:48 am

    Thanks Ziv, yes would be good to hear from someone who has got involved.

    Profile photo of Rick staRick sta
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    November 11, 2012 - 10:06 am

    Do they happen to have a single daughter?

    Sorry cant offer any advice here.

    Profile photo of Rick staRick sta
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    November 6, 2012 - 10:51 am

    I phoned an agent today to discuss a property I'm keen on, he revealed he was in Melbourne (the property and the agents office are in Qld) and judging by the rowdy behaviour I could hear in the background I'm guessing he was having a coldie at the Melbourne cup. He without hesitation told me about a previous offer on the property and also the vendors counter offer which was about 10% below asking price price ( and I believe market value). What a great position to start negotiations from. Can't wait to give him a call once he's sobered up and get started.

    Profile photo of Rick staRick sta
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    November 6, 2012 - 10:26 am

    I'm using an 'edge gearing' strategy as I am young and don't have a great deal of capital, Also the higher risk strategies excite me.  Hopefully it works out…

    Profile photo of Rick staRick sta
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    October 30, 2012 - 2:08 am

    Thanks guys

    Profile photo of Rick staRick sta
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    October 29, 2012 - 4:34 am

    Yes I can scratch together 15% for deposit and purchase costs but it won't be genuine savings?

    Profile photo of Rick staRick sta
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    October 26, 2012 - 7:10 am

    My thumbs up for Townsville too, vacancies tightening and population growing faster than the state average, really good buying at the moment. I too hold property in Townsville so probably a little bias.  Lots of infrastructure spending in the northern beaches area at the moment.

    Profile photo of Rick staRick sta
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    October 4, 2012 - 10:37 am

    Wow….patted you've made something quite simple seem really confusing.

    Profile photo of Rick staRick sta
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    October 1, 2012 - 2:44 am

    Sounds like the location is one that would be considered low risk to lenders and LMI providers, wouldn't it be possible, with a good broker, to purchase the new property at 95% LVR plus capitalised LMI of say 2% = 97% LVR ? ( I have achieved this in a regional centre)

    Profile photo of Rick staRick sta
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    September 30, 2012 - 11:24 am

    I am on the ground in Gladstone and in my opinion the sudden surge in demand for rentals is only very temporary. There might be some good returns over the next 2-3 years but I wouldnt recommend holding any longer than that.

    Profile photo of Rick staRick sta
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    September 30, 2012 - 10:43 am

    I also think Freckles comments are worthy of consideration and they usually send me delving into stats and graphs.  One thing I would like to know is where are you actively investing Freckle, if at all?

Viewing 20 posts - 81 through 100 (of 111 total)
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