Looking forward to installment No2.

Great story LE, or was it!

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

I haven’t noticed any more houses than usual in my area for sale, but just that none have sold!

Some have been on the market for 3 – 4 months.

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

What you haven’t mentioned is if the property is in line with similar properties on the market. In my experience, agents usually overquote an expected selling price anyway, so the fact you are above that may tell you something.

Did you get more than one agent to value it for sale? Did you do some homework on similar priced houses in your…[Read more]

Originally posted by Derek:
Hi all,

A 7.1% drop in population figures between 1996 and 2001. At this rate CG is sure to be minimal and tenants are not going to be falling over themselves to get into your property.

I wonder how the population trend has been since – I would argue more research is required.

Derek
derekjones1@bigpond.com

Property…[Read more]

Lots of industry, cheaper housing – about 20 min North of Brisbane CBD on a good day.

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

Originally posted by Marco:
Guys, do you want the secret? I mean, the REAL secret? It’s in Steve’s book, but if you’re not looking you’ll miss it…

Are you ready for it?

Here it is:

It’s the PERSON that makes the deal work, not the HOUSE. Any **house** can be cash flow+, as long as the person is happy with the deal.

ANNNNNNNY house.

Ki…[Read more]

Can I ask was the offer reasonably close to what you were expecting?

I agree though, get rid of him. An offer would have at least given you a start for negotiations.

Power on!

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

I know the Donkeys will finish top because they are so far in front

Oh that is unkind. A brumbie is an Aussie icon.

Muppet, people in glass houses……..etc

The only wind around the Hurricanes last week was coming out of their rear ends when they realised they were GONE for the year.

The Highlanders look like they are playing permanently…[Read more]

Want to have a bet on who finishes on top Oz or NZ?

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

I’ll start:

PPoR – Principle Place of Residence (your home)
IP – Investment Property
LOC – Line of Credit
LOL – Laughing out loud (well you asked)
CoCR – Cash on Cash return
+veCF – Cash Flow positive
-veCF – Cash Flow negative (neg. gearing)
IRR – Internal Rate of Return

I’m sure there are plenty of others, but there is a start

‘Eat rich food,…[Read more]

Thanks jay I was going to get to that after I established wether Torachan had any property.

My point was if he/she didn’t have one for some reason, he/she wouldn’t be the only one with reasons not to have one. Your stats just back that up,

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

I don’t put any deposit down for properties. The bank loan is for 105% (loan plus costs). I figure you need a rental yield of somewhere over 15.5% to make it +ve CF without a deposit.

This will of course difer slightly depending on things such as body corporate fees, council rates etc.

Your $90K property with $135 p/w rental is only a 7.8%…[Read more]

Jeez I go away for a few hours and we start talking about arm wrestling and other stuff.

I think the PI day care is a great idea.

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

I don’t agree but I understand your point. You have not quite made it clear. Have you any property (PPoR or investment property) yourself?

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

The first question you need to ask the council is what is the area zoned for. If it is medium density or high density housing you are fine to start on your next questions.

Each council will have their own regulations regarding medium or high density housing. The best bet is to ring or visit the Town Planner (in council) to see what area of land…[Read more]

Steph

There are plenty of sports that don’t cost too much money to play. Your town is big enough to have plenty of sporting clubs and you are bound to find one both you and your husband enjoy:

Running, bowls (don’t knock it until you’ve tried it), soccer, netball, basketball, volleyball etc etc. The only money is usually registration each year…[Read more]

I bought them from the newsagent in packs of 10 I think (it was a while ago). That is in NSW though, it may not be the same in Mexico.

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

Why don’t you look at setting up your own super fund. You can use the money to invest in whatever you want. You of course cannot touch it until 65 but if you are confident with your investments, it is a worthwhile thing. My Dad set one up 10 years ago and has invested in property, shares, funds and other ventures. He has made and lost money on…[Read more]

Yaeh, I’m a bit unsure about Kalgoorlie at the moment.

My Mum keeps cutting out and sending me newspaper clippings about the latest boom. I was keen at first but after doing some research, I am a bit more sceptical.

Look, I may be wrong, but I am not prepared to chance it in Kalgoorlie.

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

Originally posted by geo:

If your self-employed, I think you still get your Super at 65 yrs when you retire. I see no-point in this as you’ll be on a walking stick by then and can’t use the money to enjoy life.
Kind Regards,
Geo.

That’s a bit unfair, my parents are into their sixties and have only just retired. They go overseas every year…[Read more]