Originally posted by Salubrious:

We all end up as fertalizer in the end so what does it matter?

It matters because what’s the use of having the ability to have creature comforts to make your life more enjoyable but not use them.

I’m saying there should be a happy medium between the two statements

Whoever dies with the most toys…[Read more]

Originally posted by Pisces:
>>I purchased directly off the builder who needed to sell one before commencing construction.<<

That is taking unfair advantage from a vendor who is in a corner, desperate to make a sale. [biggrin]

It is good to hear that it is in a small complex, James.

Pisces

I would be interested in your opinion Pisces as to…[Read more]

Thanks Stuart, My wife and I have been following that case for a while now as we saw that as an option if it was cleared.

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Bundy made me do it…..

A positive cash flow is based on what it costs you each year (interest, rates, maintenance, etc) compared to what it makes you each year (rent). Therefore if you have a deposit, it is not included in the figures according to Steve’s book. His CoCR formula can be applied to see if the deposit you put on the property is working for you though.

I…[Read more]

Just remember Falcon that as On July 1, the land threshold is being increased to $100,000. It was $50,000.

Thanks Eric the Ripper, at least you have got something right!

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Bundy made me do it…..

Got it right again MattP with a big WAG (Wild Ass Guess). That’s two out of two.

Still, WTF is a rose and petals?

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Bundy made me do it…..

I always calculate yields using net figures. otherwise it is as you say, not showing the true picture.

If you forget about management fees, body corporate fees, council rates, maintenance, land tax, insurance etc etc., the figures will be very skewed.

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Bundy made me do it…..

All sounds good Redwing but when I am 65, $1m will be pocket change IMHO.

With inflation and other cost increases, $1m will not last long.

I like the ideas though[biggrin]

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Bundy made me do it…..

HAHAHAHAHAHAH

I am ROFLMAO, I have no idea what the petals and the rose is.

I just bunged in 6 on my first go as a guess and I got it right.

So MattP, WTF is the the petals and the rose?

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Bundy made me do it…..

I get the shits when I am out riding my bike and dickhead drivers think it is funny to try and scare you.

I have had many bad experiences that have left me shaken.

Here’s one:

About 6 months ago I was riding on a very quiet back road in Terry Hills, Sydney when an idiot driving towards me in a new Holden SS Ute thought it would be funny to…[Read more]

Two of the moderators on this forum, Chan$ and SIS went on one of his weekend tours. They posted a lot of information on these boards after they returned.

You could try PMing SIS, who may still have his notes.

Apart from that, a good solicitor may be able to find a get out clause in the lease agreement you…[Read more]

Originally posted by redwing:

If its all untrue, its a wonder he’s not done for slander/libel

REDWING

I am not saying it is all untrue, but come on, you don’t think there may be a tad of artistic licence in it to make it a good story!

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Bundy made me do it…..

C’mon guys it’s just another person trying to make some money out of spinning a yarn.

It happens everyday everywhere, just ask Richmond.

Why does Michael Moore have to be the truth? Is it possible that he has used some artistic licence somewhere?

I think it could be possible.

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Bundy made me do it…..

Celivia, the gardening and the slinky ones are my favourites!

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Bundy made me do it…..

Bear, I think you are talking about the pub in the south of Sydney where the drunk idiot actuaqlly broke into the managers place. The manager is a big guy, I would not want to get on his bad side!

The manager took steps to dissuade him from continuing his folly and was sued. The idiot and his mother won about $40K but it was taken from them on…[Read more]

I guessed I missed the big fan fare as I was away, but congrats from me too.

Bundy made me do it…..

Acey, have you been to Fremantle since the cup in ’87. Apart from the fact that prices have skyrocketed (along with all of Australia), there was so much cash invested into the area in the form of infastructure. Along with that, houses, apartments and townhouses have been popping up on a regular basis. I do not know what the population growth has…[Read more]

I personally agree with Glenetti as I look for +ve CF properties without putting down a deposit. They are my own definition of a +ve CF property. Sure I could take part of our LOC from our own home and use it as a deposit, but I like the fact that we have about 40K left to pay off it.

I have just bought an IP that has a yield of 16%, so with no…[Read more]

GMH454, I got same flyer for Breakfast point.

Me, I am currently looking at a couple of interstate deals and then will probably look at other investment opportunities outside property unless something really good pops up.

We have just calculated that if we sell our Cremorne IP (which is highly negatively geared), we will be up for a $15K tax…[Read more]

Hi all

Full time Dad

Part time property investor

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