We just installed one in our PPOR. Now I have one, I love it. Cost around $1200 in SA.

Not sure I’d install one in an IP though. They do tend to break down alot and are expensive to repair. Remote controls cost around $70 to replace.

You will always miss 100% of the shots you don’t take!

Originally posted by Celivia:
Funny, Ronulas and Munjy!

Why do people think tat Nats12’s initial offer was low balling? Low balling is when you significantly offer below the fair market value. I don’t think that Nats12 has done that.

Honestly, how many people here are really usually making just ONE offer on a property- their best offer?

If it…[Read more]

Originally posted by munjy:
LOL thanks Ron,

But I’m really referring to the original posts by NAT12.

1.It was her initial bid.
2.At 5k less than someone else’s it was not a low ball.
3.She was not given a 5 second phone call to give another offer. The vendor is NOT waiting for days for another buyer/offer.
4.There is no need for further house…[Read more]

Originally posted by munjy:
Honestly, I think it’s great that so many people have different views. I can *almost* feel my mind broadening!

For the people who feel that NAT12 should have offered a higher price, or, that it’s understandable/forgivable that a REA shuns other buyers for a quick sale, how would they feel if they were the vendor who…[Read more]

Hi Nat,

I’m going to ruffle a few feathers here and take the opposite point of view.

A house is only worth what someone is prepared to pay for it. You were prepared to pay more but the market said it was worth less. You saved yourself some dollars for the next deal.

The problem as I see it is this. Both parties are trying to save/make as much…[Read more]

Hi elysean,

Thanks for your comments although you have me at a bit of a loss. What are you refering to?

My PPOR is P&I
My IP1 is P&I only because we only owe $19000
My IP2 is IO

Yes all my wages and rents ect go into the LOC.

What point are you trying to make.

You will always miss 100% of the shots you don’t take!

Thanks DD,

IP1 only has $19,000 owing so not worth going IO.

IP2 is already IO and cost $122500.

Rent is already $170pw which is as much as you’ll get in the area, no matter what reno you do short of 4th br which is not practicle.

Has dishwasher,aircon, double shed, entertainment area ect.

Sell the kids… Tried that but could not get a good…[Read more]

Thanks Hmackay for your encouragement,

Sometimes you get so focused on what you have not achieved yet you forget what you have achieved already.

Feels good to know we are not the only ones making sacrifices for a better future. Sometimes when your dead broke but have $400 000 dollers worth of property you wonder what the hell you are…[Read more]

This leads me to ask you guy’s another question.

Who here sinks the rent from properties back into the same property or puts the money into an account for emergency/repairs?

We personally live of the income from our houses and when the bills come along just pay them as we can.

You will always miss 100% of the shots you don’t take!

Hi Yack,

Yes time can do the work I suppose. But how do the people who feature in API do it. They buy several properties in a couple of months and some of them are not on huge incomes? Where do they come up with the money for the repayments? I know the rent covers alot of it but in most cases not all of it.

As for why sell a good performing…[Read more]

Thanks for comments guys,

Yes selling IP1 did cross my mind. However because the LOC is set up against this property there would not be much left to re-invest and I would be losing the cashflow from this positive property.

After saying that however, I have decided to sell when the climate warms up a bit and the gardens/lawns start to bloom.…[Read more]

Well Neo,

I have some equity from the properties, as I paid less than valuation ect but cashflow wise I have buggerall left. I’m flat out paying down my current bad debts as it is.

Thanks for your reply.

You will always miss 100% of the shots you don’t take!

Obviously everyone has thier own comfort zones with these things but here is my opinion.

Imagine this new IP you are considering the purchase of sounds fantastic. The figures work well, the pictures look great. All the inspections are favourable.

But…

The house next door has several burnt out wrecks in the front yard.[blink] The lawn is…[Read more]

I thought you were going to talk about the new article in API. The heading is “AUSTRALIAS CHEAPEST SUBURBS”

By the way, I invest in one of the suburbs mentioned so I’m all smiles[biggrin][biggrin][biggrin][grad][specool]

If you want that sort of info just subscribe to API.

You will always miss 100% of the shots you don’t take!

Sorry I messed up the quoting in my last post. [biggrin]

You will always miss 100% of the shots you don’t take!

Originally posted by OSienna:
Originally posted by Ronulas:
Secondly, regardless of what the stats say, where I invest very few own their own homes so stats are meaningless. The reality of the situation is that there are large pockets of people can not afford to get into the market and therefor must rent.

Just because very few people own their…[Read more]

Originally posted by OSienna:
Originally posted by Ronulas:
An exodus of investers means a glut of homes on the market.This reduces prices which allows homeowners back into the market which then causes rental properties to be scarce again. Causing high rents. Supply and demand.

Oh, and I forgot to add that foundation has already countered that…[Read more]

Hi Jacqui,

For most newbie investers, stats don’t mean much and are expensive and then where do you get them from?

I suggest look at it from a practicle point of view. What sort of market do you want to invest in? eg low income or blue coller?

Decide that, then apply some reasoning. Low income – what are they looking for? Public transport,…[Read more]

I believe if you do your research and you have not invested at all then any time is a good time.

If you are too concerned with :The right time” then you may just wait too long and miss the boat.

Invest for long term and if prices drop then just hold on and eventually things will correct themselves.

Just don’t overextend yourself in case things…[Read more]

There will always be more renters than home owners. Thus the rental demand will always be there.

An exodus of investers means a glut of homes on the market.This reduces prices which allows homeowners back into the market which then causes rental properties to be scarce again. Causing high rents. Supply and demand.

Let’s go back to the basi…[Read more]