Forum Replies Created
Its very very sad.The only numbers you should be thinking about are those on the bottom line.
If you aint got a profit then you aint doin it right.
RussIf you are going rural you want a good +cf cause capital gains are very slim.
RussIf you do the sums anythings possible.Or you could just look harder in Oz.
Russ.Hi guys its me again.
Did the deal today.
4 brm home $32500
Rented at $160p/w
No money down.
Ah I love this game.
Russ[biggrin][biggrin][biggrin]I could suggest a book for $30.
RussI looked at a site yesterday and was astonished at the fees.One of the finders fees was $8995.
What gets me is people are paying these fees because these businesses are alive and thriving.
I think some investors have more money than brains.
Russ.0-130 in 3.5 years Steve McKnight
The first read in many years.Read a few motivational books when I was in my twenties but never actually learnt to do any thing with it.
Then when I read 0-130 it was like the missing link.
Now I am able to put my knowledge of motivation techniques into practice with Steves theories.
Rated 8/10Next book was about ‘residential property investing’ and nothing but statistics.Didnt enjoy it at all.First book I,ve ever taken back to the library before its due date.
Then I struck it rich with “Money secrets of the rich” by John R Burley.
This book is a must read for anyone at any time.I wish I had read it when I was twenty.
Absolutely the best book ever.
10/10Then it was the “One Minute Millionaire” Hanson and allan.
Got some great stuff in here.Dont think the library will get these back in a hurry.
9/10Just finished “Investing for Dummies”: James Kirby.
Learnt a bit about shares and other stuff but the property side was a bit lame.
This one goes straight back to the library.
6/10Thats it for now.
Russ.Are you refering to amount of rent to make a property +cf.
I enjoy posting about statistics and populations just to get you going Kay Henry.This forum is a lot of fun and very educational.I think that you need a different point of view here and there so that newbies can see that there is no one specific way that things are done.Got to get their minds working and get them to look at things from different angles.Everyone I meet is so anti property investing its not funny.So I love to get on here and talk with someone who likes it.There are so many negative people in the world.
But here we have a great bunch of cat fighting mud slinging investors who are very positive and its great.
Russ.Dont know about therapy.I hate the job myself.Ceilings are the worst.Especially the cleaning.My wife hates that bit hahaha.Still someone has to do it.
I think the hardest bit is picking the colours though.Cause if you dont get that bit right then you gotta do the whole damn job again.
Funny thing is.Soon as you sell they repaint.Seems you chose the wrong colour after all.Huge fees to hook into the services.Fees are not charged when there is only one residence but when you start talking multi they start asking multi $$$$.
Our last house was 200m2 and cost over $750 just for the paint.We did all the work ourselves.That was 5 years ago.
RussHahahahahahaha yeah good one Geo.[biggrin][biggrin][biggrin]
No it wasn,t Yack.
Maybe I should give her a call.
She seems more motivated than the rest of them.
RussLand is not an asset but a liability.If something costs you money and has no return then it isa liability.
Sell the land and invest the nmoney on a +cf property.
An asset is something that makes you money.i.e a cash flow + property.
RussMy biggest problem is trying to deal with agents there.They either had too big a night and couldnt be bothered getting back to me or the one I heard yesterday was ‘She has 6 kids and it is the school holidays you know’.
My faith in agents dwindles with each day.
RussHow,s this for size.I looked at a 4brm house yesterday in a one horse town miles from anywhere.
Population dont know but there was a tavern and about 6 houses.This house has been on the market for a while.More than a few years actually.
When I heard about it I did some research and came up with some very interesting data.
House is leased to government for school teacher.
My first thought was they must be closing the school but after a few calls I,m told schools staying as it services such a large area.
I am then told that there are no other houses for the gov. to lease and there are no plans to bring in any more houses.This is all from the horses mouth.
What do you think about statistics now.
A little gem sitting there waiting for someone to look outside the square.
And guess what.Its just been repainted.
Price $35000 Rented at $160p/w
What do you think I did?
Russ.[biggrin]Every situation has its ups and downs.I like to look outside the square.Go where no man (investor) has gone before.Like Steve says.”Success comes from doing things differently”
Most people say look at statistics look at this and that.Look at population.Well I have to disagree.I say look everywhere.Because there are some little gems out there just waiting for the right person to see their potential.Then listen to every one bitch cause they didnt have the forsight to look outside the square.
Russ.What makes you think you will get it any cheaper?
Depends on the rellies who stand to gain from the deal.They may be greedy and try for a high price seeing as it will have to be split so many ways.
Then again they may let it go cheap if they have know idea on property values in area.
Or maybe they want the money real fast so will sell cheap.Could work in your favour.Then again if the person died in the house you might not be able to sell it.Especially if its a small town.
Something to think about.I wouldnt buy a house if I knew someone had hung himself in the shed for instance.Bad vibes.
Do your homework first.
Russ.Easiest way is to look at your last offer and acceptance when you bought the house.It will have all the details on it.Lot number title number etc.
Then ask your settlement agent who you went with last time when you bought thye house if they would like to represent you again.They will forward forms to you.You fill these out with relevant details as per last forms when you bought the house.Then when you find a buyer you get him to sign the offer and acceptance and forward it to the settlement agent.Voila its done.
