Interesting discussion Yack and although I didn’t see it on Sunday, it happens almost every show. As an investor and owner I hate to see the agents trying to work their ‘magic’ on less knowledgable vendors.

But as an auctioneer I have seen that it can work in some circumstances.

Playing the devil’s advocate again Kay!

‘Eat rich food, barbeque a…[Read more]

Hey Kay, shall we catch a plane up and see what freebies are on offer there too!

‘Eat rich food, barbeque a yuppie’ [greedy]

After speaking to both residex and Home Price Guide at Property Expo 2004, it seems that Home Price Guide is more up-to-date therefore probably a better bet. HPG get their figures on a weekly basis from auction and sale results across the country (except Tassie). Residex is gleaned from info that is usually 1 qtr old.

‘Eat rich food, barbeque a…[Read more]

I won’t ask you how long you have been working on that little bit of genius.

Why don’t you take your idea to a gaming company and you could even get it made into a PS2, Xbox or PC game. Imagine playing Monopoly interactively with people around the country or Globe.

Me thinks you should get down to the patent office quick smart!

‘Eat rich food,…[Read more]

Credit card debt sucks, pay it off and have a clean slate. The bank may even look at you in a different light![blink]

Then pay off your PPoR as much as you can. I know not everyone agrees (well they have so far), but I think it is the right thing to do. You can borrow more and you don’t need a deposit for an IP. I have never put one on a…[Read more]

Yeah saw the topic, read it but had nothing to add so I left it alone.

Have you got your response to Poordad’s next post ready?

‘Eat rich food, barbeque a yuppie’ [greedy]

Originally posted by RussH:
For those who owned property in the city before the boom great you all made a huge profit but what now .I think a lot of people will get burnt in the city when there is no more huge growth .How long will you have to put the dollars in to a -ve IP until it goes boom again.??????We dont all make big $ to support -ve…[Read more]

Hey, you asked for opinions so I’ll give you mine.

I am in kinda the same boat. We have about $25-30K left to pay off our PPoR. I want to get that to zero (or within a couple of thousand to keep the facility open) as soon as possible. Both IP’s and the two I am just in the process of signing up will be IO loans. Every dollar we get goes into an…[Read more]

After seeing Margaret Lomas at Property Expo yesterday, she has given me more faith in a property venture that I have just signed up on. It is right up her alley (I mean that in the nicest possible way, Margaret!).

It is a new house that is not +ve CF unless you depreciate the building and F/F. It ends up about $20 +ve weekly after that. It is in…[Read more]

Originally posted by nchattaway:

Does anyone have experience negotiating a long settlement plus access rights with the public trustee? I’ll be looking to do this so as to avoid paying interest while I complete the rennovation work.

Nathan

In my limited (only 1) experience with the public trustee, they are not negotiable on anything. The…[Read more]

There are two states (very greedy) that I know of that look at cross colateralisataion (sp.?) as a way to get more money from you in stamp duty on the mortgage.

I will try to explain it the best I can:

QLD – if you buy a property using any other property as security (cross colat.) you have to pay the stamp duty (mortgage) on not just the loan…[Read more]

Originally posted by RussH:
What a dilemma! Personally I can,t understand why anyone would want to spend a dollar to save fifty cents but there ya go its a wierd world..I,m just generalising here so dont take offence.[biggrin]Whats wrong with positive cashflow.Your doing this to make money ,so as small a deposit as necessary and use the leverage…[Read more]

I am looking at two properties that will return $20 – $30 a week after borrowing 105% of the purchase price. This works out at a 15 – 16% yield. I doubt I will find too much residential property in Australia in reasonable areas returning much more.

If I chose to put a 20% deposit down, I would see returns of $30 – $40 a week.

‘Eat rich food,…[Read more]

Originally posted by Nathan_b:
Re: ur convo on country properties
i just found at 7 hours north of sydney one $60,000 for $120 PW return, only thing is 2000 people in town,

thoughts…..

place low offer?

Nathan

As Chan has said, just because you find a property that meets the 11 second solution don’t be sucked in by the notion that this must…[Read more]

Originally posted by Chan$:
I has to do a lot of dress up before she’s agreed to married me…LoL.

You dressing up?

I think I will leave that one alone![blink]

‘Eat rich food, barbeque a yuppie’ [greedy]

Originally posted by RussH:
Risky.You are on the right road.If I had the money I would be in regional investing too,THe eastern staters dont have a clue about W.A. Like Steve says get to know your area by spending time there.We have some great areas here in W.A and even tho they all dont have capital gain they are good +cf.Gero is a great place…[Read more]

Thanks Mel, Kay, Chan (and Mrs Chan), SiS, TeacherK6, it was a good day.

Enjoyed meeting you all and Chan, how did you end up with such a nice wife? You obviously did a good con job on her to get her to marry you!!!!

The expo was all right once you got past the spruikers trying to sell you the next best OTP in sunny Queensland. There was some…[Read more]

As a Capital city investor (until I discovered +ve CF), I would have said steer clear. But I have opened my eyes to other opportunities. Whereas my wife and I had a goal to have 6 properties (-ve and neutral geared) in 10 years, we know realise we can have many more albeit cheaper regional ones.

I think there are so many different factors that…[Read more]

If it’s an area of good CG, why not look at going into partnership with a friend or relative.

I don’t know Hampton well but is sounds like a nice area.

I would exhaust all avenues before selling it.

‘Eat rich food, barbeque a yuppie’ [greedy]

Ginmarree

Have a think about doing the PM yourself. If you live near it, and it is a new or near new property, it is not that hard.

I PM one of our properties here in Sydney. In two years, I have heard from the tenant 4 times. He has set up a Direct Debit for his rent that goes into our account every month like clockwork.

I used an agent to get…[Read more]