And all accurate!

So where do I sign for your seminars Freckle??

Well said Dwolfe,
I was only going to add that to me the Offers Over always screams "I really want more but this is the lowest I will happily accept." Doesn't mean it's worth that, and not sure if i'd be making offers above that figure but I know people do. It all depends on the true value of the property and what the numbers look like for you,…[Read more]

Thanks everyone for your interesting comments,
I might go just to check it out. PM me if you wanna go half in 2 tickets! – Tight hey
Rusty

I like your thinking Freckle. It's more the 2.5 hr drive each way that I'm contemplating. Maybe I should just get drunk instead??

… currently $89.00 for 2 tickets.

Wow, a full night's sleep… In our house of little ones that's more of a dream than a goal – Good luck with that  

My goals are to purchase next IP, possibly sell existing IP to raise capital to renovate PPOR (I know, I know bad debt!) and reduce business debt. Also determine best structure to move full steam ahead.

Oh yeah, also keep working…[Read more]

Oh, one other thing… when brokers list under the categories of Freehold, Leasehold or Investment Motels does it typically mean Freehold is with no lease in place and Investment is Freehold with a lease in place (as in a passive investment)?

Ta!

Hi Crest,
I've just finished reading this thread start to finish and have to say I have learnt a lot from your posts. Thank you. I've been considering buying a freehold motel as a passive investment hoping for a 9-10% return for around $1000000 not too ancient, probably no restaurant.  I'd be looking in regional areas, Riverina or Central West…[Read more]

Oh, it's THAT easy! How silly of me!

I laughed when you asked if you were too old but only got worried when I started to read the posts where others tended to agree!

It always intrigues me what makes people tick. We've just bought the small farm I grew up on. I'm absolutely passionate about it and it's where I can be myself, take the tie off after work and start to de-stress by jumping on the tractor or motorbike, talking to the cows, or just admiring the sunset with a nice cool beer in hand! 

It's run as a…[Read more]

Wow, isn't age a funny thing. At 33 I've been in and out of property for 13 years but have wanted to go hammer and tongs for the last 12 months. After we get our PPOR and business sorted, after our little girl gets better, after the wife goes back to work after after after… We have around $850,000 of equity and a reasonably healthy wage but…[Read more]

Sorry – double post… how to I delete a thread??

That should be law nationwide, it makes the purchase so much easier.
So a question for the forumites… every time people register at auction do you get a pest and building done or take your chances?

Rusty

Great, thanks for clarifying, Terry.

Terry, when you say it might be more difficult to borrow to buy units in a trust, I'm assuming you mean units of a unit trust, as opposed to blocks of units or flats to rent out yeah?

Okay, so some ridiculously rough figures…
$140000 cash can fund deposits for $700k at 20% EXCLUDING stamp duty etc. OR around $1400000 using 10% deposit EXCLUDING stamps and Mortgage insurance. Lets work on 700k.

$700k x 6% interest = $42000pa
On a high risk strategy you could chase a 9% return = income of $63000pa giving a gross return of…[Read more]

Great insight Shape, thanks!
$75000 to strata, wow, I didn't realise it would be so costly.
Just on your last point about the water… Do you mean you can get the tenants to pay for water if you can put in individual meters? How much would it cost to get the extra meters fitted?

Rusty

Hi guys,
Just a quick question about the new site, apologies if it has been already covered.
I liked being able to scroll down the 'recent posts/activity' section of the old site and there was no limit to the age of the 'recent posts' if that makes sense. They just came up chronologically. The new one shows a few recent posts but I find it…[Read more]