Forum Replies Created
- 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 wins
AND
Whoever dies with the most toys still dies.If I am working during the week, I want to relax on the weekend with a glass of wine, or a weekend away or something. I see no problem working so I can afford a luxury sometimes.
I am guessing you enjoy a beer Salubrious, and as your name suggests maybe other comforts as well.
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Bundy made me do it…..
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 why this is taking an unfair advantage. Perhaps the builder had taken that into consideration before he commenced the project.
Well done on being at the right place James…..
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Bundy made me do it…..
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 hope that helps.
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Bundy made me do it…..
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 cross to the other side of the road, accelerate and basically head directly at me doing about 80km’s/hr. If you have ever been in that situation, you just freeze up and wonder if this is your last ride ever.
Another one:
Riding along General Holmes Drive, near the airport I was riding with a buncjh of about 20 experienced riders. A car swerved deliberately into our lane and actually touched one of the riders in front of me with their mirrors. If he had gone down, he would have brought down probably 15 riders.As we were doing over 35km/hr and the cars were doing 90, it could have been carnage.
I am a triathlete (albeit not a very good one!), so I spend alot of time outside running and cycling. We (the NSW triathlon community) have had 2 people die this year from cars who crossed a bike lane and hit them. Both were out training in the early morning. One was riding by himself in the breakdown lane on the Princes Hwy when a person who had been out all night partying, took him out from behind. He died instantly.
The other was riding on the M4 in a group of 4. A truck crossed the line and took out the back two riders. One died and the other has so many injuries he will be in hospital for a long time.
Another one happened only a few months ago in QLD, where a woman was out riding and a bus drove passed her. The driver had neglected to latch a side luggage bay door properly and it was open and sticking out unbeknown to him. The bus missed the cyclist but the open door killed her instantly.
We are sitting ducks out there guys, please remember that the road is there to share and the next time you go passed a cyclist on a road, give them plenty of room and BE PATIENT.
Thanks for letting me get that off my chest.
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Bundy made me do it…..
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 signed
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Bundy made me do it…..
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 appeal.
At least the courts get somethings right sometimes!
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Bundy made me do it…..
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 been since then, but I hazard a guess it is one of the best in WA.
I have spent many long lunches along South Terrace and the place is chockablock every day in Summer.
To those who got into Freo before ’87, would have made enough to retire on IMHO.
‘Eat rich food, barbeque a yuppie’ [greedy]
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 deposit, it returns $25 a week on a $27K outlay.
That is the sort of property I am looking for. I am not in for the quick kill, if it takes me 2 years to get 5 of these properties I will be satisfied that I have done the right thing.
Maybe I am a cautious investor, but you know – that’s how we have got to where we are, and my wife and I are pretty happy with what we have achieved so far.
‘Eat rich food, barbeque a yuppie’ [greedy]
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 bill to Mr Carr, Egan et al.
Something we are real happy about as you can imagine!
When you start looking at CG of 25% as well, it means our $170K profit (in two years) has decreased considerably.
Well I guess that is the reason why we work isn’t it, so we can give half of what we make to some government department somewhere along the line.
Roll on the next state election. Maybe the market may have picked up by then.
‘Eat rich food, barbeque a yuppie’ [greedy]
Hi all
Full time Dad
Part time property investor
‘Eat rich food, barbeque a yuppie’ [greedy]
