Forum Replies Created
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 hime in. They charge 1 week’s rent for a 6 month tenant and 2 weeks rent for a 12 month tenant.
As the unit is only 4 years old, there has not been anything go wrong with it.
It has saved me almost $3,500. Better in my pocket than an agent don’t you think.
‘Eat rich food, barbeque a yuppie’ [greedy]
Off The Plan.
Ie. buying before the development is finished.
‘Eat rich food, barbeque a yuppie’ [greedy]
I’m going to blow you away with my bid of $204K.
It’s mine, it’s mine………….. *runs away patting himself on the back*
‘Eat rich food, barbeque a yuppie’ [greedy]
I picked up the SMH today that has a Property Expo insert in it and on page 6 of the actual paper, there is a $5 off token for the expo. For penny pinching people like me (really Kay), it is a nice gift.
I’m sure there will be copies of todays paper still at newsagents tomorrow morning.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by kay henry:Gramyre :o)))
This post is a bit shallow and competitive anyhoo. [thumbsdownanim
kay henry
I agree Kay.
But Gramyre, what are $UD. Looking at your avatar are they United Dairy Dollars.
‘Eat rich food, barbeque a yuppie’ [greedy]
Just when you think its safe to get into water.
I am watching and ready with the ‘bid higher’ button.
‘Eat rich food, barbeque a yuppie’ [greedy]
I disagree, my best was when I hit the wall almost at the top of the throw, I was lucky to hit a seal which sent it careening into about 5 other seals. This got me my 411 or what ever it was.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by Chan$:Mine as follows:
1. $1.45M+
2. $620K+
3. Total = 7 which included 3 houses, 2 townhouses, 1 villa, 1 unit
4. Start of -ve gearing then move on to neutral gearing and then +ve gearing, but now still hunting for +ve gearing. ie. offset gearing, will be using Domino Effect one day…don’t ask it’s a secret…LOL
5. 3.5 YearsJay & Bear1964,
Now, where’s your?…LoLRubbachook,
You don’t have too, but it’s a shame!…LOL and I will doing this [smash] to you!…LOLKind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Chan, does the 1.45 mill include your PPoR?
‘Eat rich food, barbeque a yuppie’ [greedy]
Easy, give to the Rugbyfan Benevolent Fund.
Seriously, there are plenty of things to do with it. It depends on what sort of strategy you are comfortable with.
High risk, low risk, mixture of both. +ve CF, -ve CF, neutrally geared property. Only property, mixture of property and shares.
There are so many variables.
‘Eat rich food, barbeque a yuppie’ [greedy]
Do we need to say anything about Celivia’s Pussy though?
oops……….. did I say that?
‘Eat rich food, barbeque a yuppie’ [greedy]
taa muchly, don’t usually buy the SMH but will for this.
It will be intersting to see how many of the spruikers can find ways to talk up the market.
I’m sure Meriton, Mirvac et al will be trying to sell their latest venture.
‘Eat rich food, barbeque a yuppie’ [greedy]
Breaking out
You are not confused. This property does not meet the 11 second rule in its present form. It has a yield of close to 9% and would either need a huge reduction in asking price or a filthy big deposit to become +CF. Don’t forget to add in strata levies, rates, and other costs.
I guess his point is, with little work, he has found something that returns a reasonably high yiled.
What the property is like is a different story.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by Rubbachook:I think the least one can do is smile. I lead by example.
I’d hate to see your dentist bill.
I just like to chase things but one day I’m going to catch that stupid bird. I need to pay my account at ACME first as I am over 90 days at present.
Do we need to say anything about Celivia’s Pussy though?
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by wayne.short23640:Rugbyfan,
How do identify a couple of areas to focus on that will have good yeilds and potential. What do you look for / research ?Wayne
I use a number of things, least of not which is my gut.
1. Residex put out a good report every 6 months 2. Word of mouth
3. A lot of pavement pounding and enquiries to agents.
4. Knowledge of area (I went to school in the country and had lots of friends from various regional areas)
5. Reading up on local council press releases (ALGA will help here) ie. tourism boosts, new business etc
6. Gut feelI am sorry I cannot give you a definite answer for you but it is really a mix of many things.
‘Eat rich food, barbeque a yuppie’ [greedy]
I’ve got some paisley jeans……………….
‘Eat rich food, barbeque a yuppie’ [greedy]
Yeah great site. Heaps of good info there.
I am not too sure of the locations they are talking about properties though.
‘Eat rich food, barbeque a yuppie’ [greedy]
My advice is too wait for two to three months.
1. It is getting cooler now so the ‘hot weather’ will become less of an issue.
2. Air Conditioning companies revel in the hot weather. They put there prices up because they know people want one. Once it gets into winter, the prices are reduced dramatically.
If you can convince the tenants that you will put one in but want to wait until they are cheaper, that will solve your problem.
‘Eat rich food, barbeque a yuppie’ [greedy]
Residentialwealth
We have two IP’s currently. One -ve geared and one neutraly geared. I am currently in negotiations on two +ve CF properties.
What is your point?
‘Eat rich food, barbeque a yuppie’ [greedy]
No baseball bat just use the arms.
‘Eat rich food, barbeque a yuppie’ [greedy]
