Forum Replies Created
Definately travel. Investing can always wait, travel is one of those things that you can easily keep putting off until it’s too late.
I had $10,000 to spend when I came out of a job at 20yrs old, I could either invest again (I’d already bought my first place which had the equity to get another one) or just drop everything and go…
I had always wanted to go to Africa & decided there’d never be the “right” time to go – ie I’d never be “well off” enough, or be situated properly job-wise, so I just dropped everything and went.
I came back a changed girl & think back to my incredible time there pretty much daily
I’m SO glad that was the choice I made, it was the most amazing experience of my life, more so than investing ever will be (as fun as that is!). And now its a couple of years on and I’ve saved up enough to buy another property, so that is something that can still be done.I could have that choice a hundred times and would choose to spend 10k on travel anyday. And I’m the worlds biggest tightass!
Have a great time!
I live next door to one and it’s damn annoying! Car stereos blaring all night, especially on weekends…
Anyway from an investment point of view, I don’t think it’s particularly passive. The owners of our next door one are there most days doing cleaning/general maintenance work. And it’s very quiet in winter/bad weather – so make sure you get one in a hot area [
]Hi, I have a fibro home and it’s been the least trouble of all
The only money I’ve had to spend on it was for a new fence! Mine is made with concrete stumps, which apparently eliminates the need for re-stumping, too. They are usually built to be very strong… sounds like a good investment on face value but obviously it depends on other circumstances as well.Haha yeah I know, don’t worry I’m not taking it seriously… I think it’s funny too, the way they try to twist things to suit themselves [
]Hi,
I don’t know much about Tassie but I have found the same thing occurring in many parts of Central Victoria, where I live.
There have been so many people jumping on the investment property bandwagon that whilst vacancies were almost zero a year & more ago, they are now definately rising.
I actually moved out of home & was trying to find a place to rent with my 2 sisters two years ago, (we are all working), and applied for 10 or so before we actually managed to get one. (And I was applying through the same agency that managed my own properties, so they knew I was reliable!)
But things are changing quite drastically, as I discovered when I purchased a new investment property 2mths ago. My PM advertised it for the 4 weeks leading up to settlement, and only had 3 enquiries! I dropped the rent by $10 and got 1 more enquiry. It was not tenanted until the day after it settled (talk about leaving it till the last minute!) and that was the only person who applied so I didn’t have any choice of tenant.
The house is in a hugely popular area, opposite a school, 2mins from shops and 3mins from a uni. Its very neat and the rent very reasonable. A year ago I could have easily asked $200 pw from desparate uni students etc as accommodation was impossible to find – now I’m getting $170pw from the only applicant I had!
Very worrying [
] A case of too many investors and not enough tenants …Damn! I just heard that on the radio too. I thought it might have been a bit longer before they rose [
]Haha, yes they used to manage mine too [
] And I wasn’t the only unhappy one, as I found out once I finally wised up & did some proper research into them! Good luck with your property/s []Yes, give Megan at Stockdale & Leggo a call on (03) 5443 8500 or 0417 318 075 – they manage both of mine & are great. DON’T go to the RE agency with the three-initial name as they are not so great [
]Hi all,
I’m 23, bought my first at either 18 or 19 I think…then bought my 2nd one a few weeks ago.
It’s interesting to hear from everyone … []*Travel (favourite – Africa)
*Trivia (I want to get on Millionaire) []
*Horse racing (not gambling, I just like the industry)
*Real estate (well duhh) []Hi Grace,
Not at the moment, the one I was talking about in the other topic was actually a row of 4 one-bedroom units, renting $70pw each, for $85,000 the lot): town pop only 1000 though.I didn’t see them, but dad said they were in good condition.
That’s why I was thinking it would be good to have a place to tip people about this sort of thing! Would you believe they sat there for sale for 4 mths. Small R.E agents like this don’t really use the internet so it’s basically only the town’s own people who hear about it.
Sorry, but nothing special around at the moment that I know of [
]We all seem to think our jobs are “boring” … maybe that’s why we’re all on this forum during work hours? [
]I’m in admin work … very exciting [
] I don’t earn much but am an excellent saver…that’s how I’ve bought my 2 investment properties so far.Hi again
Tom, I’m sorry- I only came back to the forum this morning – I rang up the agent yesterday to say I wasn’t interested & she said there’d been another offer they’d accept (another lady looked through it after me, and must have made the offer).
Looking more into it, I’m really glad I avoided. To explain further (yes it does all look too good to be true on face value but my figures are a bit vague) – it was actually a huge place divided into two sections. One was rented at $150pw to a lady who’d only been there a few months. The other was vacant-had been for a year- but apparently the owner (who’d managed it herself) had someone about to go in at $140pw ( I didn’t check into this at that stage).
The RE agent even admitted it’s tenants never stayed long, and were not the best quality.
There was a huge crack in the loungeroom wall – I’m no structure expert but it looked worrying [
]So don’t worry, I don’t think we missed out on much!
I’m SO glad that was the choice I made, it was the most amazing experience of my life, more so than investing ever will be (as fun as that is!). And now its a couple of years on and I’ve saved up enough to buy another property, so that is something that can still be done.
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