Forum Replies Created
I,d be guessing that this is going to be a rather expensive house.Especially if it is in a good holiday area.If you live in the area and know the type of monies to be expected then it may work but if you have to pay an agent to manage you will find that cleaning and management costs will take a big chunk out of the equation.You also have to factor for bad years with tourism as I know a few people here felt the affects from the sars virus.Do your homework and best of luck.
Russ.I think I should invest in a new seat too.And a pair of glasses.
[biggrin][biggrin][biggrin]I met a couple not long ago who said they bought a place in Norseman.Strange thing is they choose to live in their bus travelling as far from the place as they can.
Russ.My advice is to let your fingers do the walking first.I rang about five different places for a shower base and the difference in prices(new)was over a hundred dollars.I now buy a lot through the person who looked after me with this deal.
And when I went back to that big company that says they can beat it by 10%.You all know the one.They said they couldnt do it.So Thanks REECE PLUMBING and bad luck BUNNINGS.
I also find that once you frequent a place long enough they start to look after you.Good onya everyone at DONGARA BUILDING AND TRADE.I buy my stuff at the beginning of the month and have two months to pay which is another good thing about shopping in the one spot.
And dont forget to check out farm clearing sales.They have lots of materials going cheap and also a lot of antiques.
Russ.Monopoly,
Hello my friend.
You have used a different price to Greg so the calculation can not be the same.
His price was 100 000
so 10 400 divided by 100 000 = 10.4%
Russ.Brad,
If the problem lies in the fact that you are making a capital gain and therefore increasing your income for the year then you will be assessed on that income and you may have to pay more child support.If this is the case you need to ask yourself a the question.
1.Am I avoiding my responsibility to pay maintenance and depriving myself of possible good gains which I can better put to use elsewhere?
Dont hold yourself back for fear of others benefitting.You will also benefit in the long run.
RussKylie,
Why is it you feel pretty confident with the share market.Is it because you think you can find a broker to manage your funds and therefore distance yourself from the whole event and not have to worry about making the wrong decisions?
Or do you like the idea of being able to start your investing with a small amount of money and therefore if you lose out you havent lost too much?
IMHO I think that the share market is for seasoned investors.I would stick with RE until you have a few more dollars that you can actually afford to lose.
Russ.Retired fisherman.I spend my days looking for interesting investments and reading some interesting posts on an interesting investment forum.
Russ.Greg
Looks like you got it mate.Happy posting.
Russ.Hey Watchful,
How many properties would you like.Lets see
2% + 2% + 2% + 2% gee I could retire in no time.
But I guess 2% aint bad compared to some.One particular mob charges 10%.
Russ.[king]Daaussie,
Obviously you have your doubts about this company and it sounds to me like gut feeling saying something isnt right here.Sometimes it pays to listen to your intuition.
When in doubt leave it out.
There,s probably a much better opportunity waiting around the corner.
Russ.Greg,
I think you use the quote tab at the bottom of the post.I aint sure tho as i,ve never tried it.But seeing as no one else would answer I thought i,d at least try.Hey Scremin.I can just about hear you in Dongara.
Great place,great beaches,great people.Shit wind.
Russ.[king]Hey Greg.
I like the avatar!!!!
Russ.[biggrin]Lets not end up with a braggers forum.It doesnt matter how much you own or how you got it.What matters is whether you enjoy being here to help out or not.You may not be brainy or rich but you may be able to cheer someone up with a witty comment or motivate someone who needs a lift.Everyone has something different to offer so dont compare stars or networth or time on forum to the value of a post.
Russ.If you go to “Heads Up” you will find a good list with some reviews.
RussSue.
Have a good look at the building and make sure it doesnt need to much money spent on it.See what you could do to add value to each unit to warrant a rent hike.Do your sums and make a low offer to start as the figures are still a bit low at 9.3%gr.There are better deals out there so dont go with it unless it absolutely measures up.
Russ.What a change Westan I didnt recognize you.Have you dyed your hair?[biggrin]
Nathan.
The thing you have to watch is the cost of building.These areas offer cheap land because to a certain extent they are isolated.But if you look at the price of building you will find that it is cheaper by half to buy an established house in the same area.
For example;I live in Dongara WA.It is on the coast and land starts at $60 000 It costs about 70 000 to have a basic kit home built.When you add in the extras like sewerage and fencing and gardens you could be up for about $150 000.
Now just 30 mins drive east is the town of Mingenew.Here you can buy a block for $2000 and build same house for $70 000 etc. Total cost after extras about $100 000.
But you will still only get $130 p/w rent for either of these properties.
Now if you were to buy an established house in Mingenew you can get a very nice one for $50 000.
And get $120 p/w rent.
So in my opinion anyone who bought land and built on these cheap blocks would be going backward.
You would be better off buying two or three properties at $50k a piece and receiving up to $360 p/w.
Thats my 2 cents worth.Rebecca
Are there alternatives such as park homes.Here in WA a lot of retirees live in park homes and pay a minimal rent.There are also council funded retirement units at very low rents.The retirement units in our town are on the beach front and the retirees have the best and cheapest housing in the area.LOL.
Russ.
