Forum Replies Created
- Originally posted by SteveMcKnight:
Yesterday we looked at buying a Video Ezy, we’ve also been looking into sale and leaseback of car washes, and we have an eye out for self storage places too (although these seem to be a bit pricy).
I find it interesting that you are looking at car washes.
Here in Sydney, car washes seem to be springing up like mushrooms – especially those with a coffee shop attached (is this the pick-up joint of the 00’s?)
Do you think this popularity is a good or bad thing? I’d be reluctant to invest in something I think is a passing phase but I have been wrong before [
] and I’m sure you’ll do your due diligence.My prediction is that the Reserve Bank will leave the interest rate at its current level. It appears to have the desired effect of slowing the property bubble.
The headline in Feb 2004 Personal Investor is
“Don’t Miss Out
Shares are taking off as property prices peak”The message appears to be – get out of the property market & buy shares.
In addition, this is the year of the feral election and rising interest rates make very bad press.
I’m hoping that property prices do stabilise as I see leading to the availabilty of more +ve cash flow properties.
[
]Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Being blonde – what is the promo???
[
]“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I agree with Yack…
To purchase a commercial property you generally need a 30% deposit, which most of us starting out don’t have.
Also, although the return is higher, the risk is greater. There are many commercial properties out there crying out for a tenant to love them. [
]Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
[
][][]No – I just don’t have a penis so don’t understand the obsession!!!
[:o)]
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Their website contains some useful information though!
[
]Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I don’t get it!
[
]Originally posted by james:
Tip 5:Don’t multi list and don’t auction
I think you’ve given us some good advice and food for thought, however I don’t agree with your “don’t auction” statement.
I think it depends on the situation. In my case, my house was a fibro/weatherboard house in an area dominated by federation brick houses which made it difficult to value. In addition, the market was rising.
I went to auction and sold the house for $30,000 over what 3 different real estate agents had given me as an estimate. [
]Selling by private treaty is great if you can be sure of valuing your property accurately and know the price you want to receive.
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
This is difficult to respond to because a good strategy should be tailored to the individual and their goals and situation.
[
]Originally posted by dvane:…ummm okay, what’s a doc (hi, lo or otherwise)?[
]Doc is short for Documentation – or proof of what you are claiming in your application.
A week ago the media were talking about dropping Brett Lee from the team.
Now he is a “hero”.
Funny how things change.
[]The lesson I got from this is that no matter how much experience in property investing you have – you can still make mistakes.
He doesn’t sound like a person I would want to be friends with though.
[
]Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Great find – thank you for sharing it!
[
]“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
In my experience, financial planners aren’t interested in direct property investment.
They prefer to encourage you to invest in managed funds.
There seems to be a gap in the market where there is no accreditation for property investment advisors.
[
]Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
] and I’m sure you’ll do your due diligence.
]
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