Forum Replies Created
You seem to have realised that there is a better way to live and believe that you can achieve it. If I am to believe what I am told most people don’t get that far. So you are way ahead of them. Keep your eyes, ears and mind open. Set goals, make plans and don’t give up.
Best of luck to you
SonjaSome things are worth more than money. In my opinion one of them would be my own home. Somewhere that I can’t be evicted from because it is being demolished to build a duplex/the owners son is comming back from overseas or whatever reason or whim strikes the owner of my rented “home”.
I want my kids to grow up in one place – last two moves broke their hearts (well the eldest anyway -my baby is too young to care… yet).
That’s my opinion, however I just can’t do it right now. I also believe that, if you are more like my husband (not at all sentimental about the “home of your own” thing”), then there are definite financial benifits in renting while you build an IP portfolio.
Regards
SonjaWe have one IP that we bought by accident in 2000. We were going to move out of Sydney to the Sth Coast of NSW. The work transfers were organised and the property was purchased as our home. The work transfers fell through and we were left with a house that we could not sell. The agent we got it through leased it out for us and this turned out to be the best financial luck we have ever had. The rent more than covered the mortgage repayments and we thought that we had invented the concept of +CF IP in rural areas. Several years later I heard about 0 to 130 Properties in 3.5 Years and, after reading it, realised that others knew of our discovery.
Lucky for us we recently got out of Sydney (living in a rented house) and have just started trying to buy more property.
I wouldn’t have a problem telling this to anyone that asked. I don’t feel it’s too personal. I have also been curious about people who post on this site but guess I’m just not the sort to ask unsolicited questions that may be percieved as too personal (especially as I’m new here). I have found that by reading people’s posts I am starting to get to know them. Besides that, it wouldn’t matter to me if someone had 0 or X properties, if their advice/experience was helpful and I could make it work for me then GREAT!!! On the other hand if I din’t like their advice for whatever reason then why follow it?
Regards
SonjaThanks Kay, it is great to hear that you have been able to maintain such a philosophy. I personally agree that it is simply not worth being dishonest. It is against my personal moral code and causes me such anxiety that it outweighs any “benefit” to be gained. It also sours the whole feeling of that “benifit” for me – permanently. Getting caught out can also be embarassing. That said… I have lied in the past and no doubt will do it again at some time for some reason – like everyone else I’m human.
My piont is … lost somewhere in that ethical soap-box waffle …
What I meant to say is that through experience in other areas of my life I have learned that just because I am honest with someone there is no guarantee that I will get the same in return. Your post gave was a welcome reminder not to become too jaded.
Regards
SonjaHi and thanks for the replies – I’ve found something much more interesting and as I’m only starting out, one at a time is about as much as I can deal with (at the moment anyway) so I’ve decided to move on to the next thing.
Thanks again for the support and encouragement.
Regards
SonjaPS I still wonder how far to trust agents although I expect experience will go a long way to helping me with this.
I’m just not sure what to do in this situation either. Last week we looked at a property on the market for 100k and as we were leaving to “think about it” (only worth 90k by my research) the agent told us that the vendor had turned down an offer of 95k about 2 weeks ago. My thoughts (kept to myself) “what idiot puts a property on the market for 100 and turns down an offer of 95? Is this agent telling me lies?”… as a result I am yet to make an offer or even a decision about if I should bother.
On another note, although I don’t have a lot of experience, is it an agent’s trick to tell you that someone else is very interested/about to make an offer of $$$/just waiting on finance to come through/etc etc as soon as they think you show some interest?
I hate to be sus and assume the worst about people but I only get these lines when I am interested in something.
Regards
Sonja
