Forum Replies Created
Thanks everyone, and I am grateful for your wise words, which I read out to my husband and he agreed with, however, I reluctantly admit to you all that I have signed with the agent anyway.
Reasons for this:
1. She has discounted her price and will do it privately as a favour for me.
2. If I don’t get the price I want, I don’t pay, and the price I want to pay includes her fee.
3. The lady in question has been very helpful to me as a newcomer to both the area and the investing game, and I want to continue a win/win friendship with her.So, as my husband said, why bother asking the question if you’re not going to take the advice? Well, hopefully I will learn to ask the questions earlier next time, because I am still discovering what a goldmine of experience and knowledge this site is.
Still learning, every day![biggrin]
sairah
Thank you Jo for the welcome and Barnsey, my comment related to my relative newness at PI, as I have noticed that most people on here seem to be starting out at a much younger age. (sigh) I wish I had started this game many years ago and it certainly hasn’t been for the lack of opportunity, just made several other big faux pas business wise over the years. Should have stuck to property, did the share thing, and several other things, but succeeded mostly in losing a good deal, hence the late start at the property investing and my seeming hesitance is related mostly to having had fingers burnt lots of times. Really keen to make some money for the “really old” years looming ahead, but a bit nervous of losing my shirt again.
sairah
Good question Matt, I am an oldy getting started, and it’s good to get an idea of others’ experience vs. their age. etc. Feel like I am the only newby sometimes, but everyone has been very helpful and it makes one more willing to share stuff. My answer:
1 neg, 1 pos
53
2 months 2 daysGood luck with your ventures.[biggrin]
sairah
Thank you all for your thoughtful replies. In answer:
1.No, not returning from holiday, I am currently residing in the area, short term. No cleaning costs, no pooled rental.
2. Guaranteed fixed income, no maintenance, rates, not dependant on vacancy rates, full lease back.
3. Have equity in another property to use as finance.
4. Income is adjusted for CPI annually. Currently on 6th year of lease back, another 4 years to run on current lease, plus further 5 option.
5. No tourism market – construction workers, but I take your comments about volatility in, as they also apply here.Thanks again, I value your experienced comments.
sairah
I am another who has just finished 0 – 130 and am also very excited, though not started yet. Living with my husband in Karratha, we are actually from Queensland and travel a lot for his work. I would also like to know any information that can get me started. In particular, how do you work out a weekly repayment for a P+I loan when you have the given numbers of principal, interest rate and term?
I know I’m a bit of an oldie and I’m sure there is a formula, but I’ve forgotten it.
Thanks
Claire (the_skellies)sairah
