Forum Replies Created
Hi there,
Found this link and thought it may come in handy, considering the questions on this topic.
Cheers
Sooshie [
]“Giving is a Blessing, receiving is the bonus”
Hi there,
I’m really impressed with the posts I’ve read. I found this and thought I’d share it with you … it was written by Hybrid property consulting group.
Building your property portfolio is just like building a bridge. To build any bridge you first need to work out exactly what your foundation consists of and then crystalise exactly what your desired destination is. Then carefully utilise your limited resources to maximize your progress whilst maintaining strict risk minimisation techniquesWhat do you think? Is it acurate?
(When’s the spell checker coming [])Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
Mini, forgive the nurse in me, but I just couldn’t stop laughing at this typo
‘new roof, new wiring, new piles‘.[
][][] I know I’m just being juvinile and I know my spelling is atrocious, but that has got to be the funniest typo yet!!! [][][]
You Go Girl!!! [:0)] You made my day!!!Big Hugs from
Sooshie [:X]“Giving is a Blessing, receiving is the bonus”
Hi there,
Good points.
Have a great week…
Hi ho Hi ho
It’s off to bed I go
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
Leigh, I wouldn’t mind living under the sea (in an octopus’s garden in the shade…) [:0)]
I have to agree, there are some really awful dog boxes out there, that they consider ‘modern living’ and smart housing. I love houses with old world charm, none of those square boxes with windows facing the next door’s bathroom will do. What about the latest trend in townhouses with half windows!!! I would much prefer to keep the old fashioned block with one house on it (to live in) so maybe they’re trying to tap into that market and attract a different type of clientel. (Excuse my spelling, unlike Scott’s girlfriend, my hubby doesn’t have time to check my work [])
I’m not sure if the cruise ship you’re talking about is the one with the penthouse for 2 million dollars…aaahh…that has my name on it! [][8D]
Although, I love my house, I must admit my backyard (or lack there of) looks like a prison courtyard (I’m not kidding). I’ve put lattice up to try to make it look more friendly, but it’s still awful with the ugly gray pavers. When we get a round-to-it …. []
Why go for a Whiting when you can catch a Salmon[?] The Qld government selling off land to developers…as long as they get the money, do they REALLY care about the environment? Okay, I’m being cynical.Have a nice week everyone
Cheerio
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
I was upset to learn that Leigh was troubled with the way some of the posts were going. [
]
I must admit, when I came home from my holiday, I was surprised by the posts made whilst I was away. To me, the posts (which of course are 2-D) where interesting in that the theme was more about ‘should we be investing in property’ rather than ‘how to mitigate the risks associated with property investing’. I sense (keeping in mind that it’s hard to read emotion into a 2-D post) nervousness, that some in this forum are jumpy or on edge. Or as my mum would call it “itchy feet syndrome”.
I’m curious as to the spirit of the posts, but I question them rather than deem them negative or positive.
My post on ‘responsible investing’ was to reiterate that it doesn’t matter what type of investing you do, as Leigh said
I beleive the people on this forum, whilst inexperienced in some cases, are doing their very best to try to aviod the pitfalls of investing therefore putting them ahead of those that choose to beleive they already know it all and unwisely invest in things they know nothing about, eg: some of our share choices to date.
The most important thing is how to protect your money/time investment and how you go about doing it.
David U, I understand your posts, but could you please explain how the reference to a Lemming, is perhaps tied in with your investing? What you are trying to avoid, perhaps.Cheers (big hug to Leigh)
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
‘Lemmings’ are animals, whilst we on the other hand are humans, which means we can make decisions and we have the capacity to learn and also to change things as we see fit. We are the decision makers, if people want to act as lemmings well who’s to blame?
2 cents worth
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi all!
I like your responses!!! Stu, it’s true I guess it’s a bit deep for Friday arvo…but I like your answer. I guess, reading your answers make me breathe a little easier.
Becky, I think I agree, having witnessed the reluctance of someone close to me wanting to move out of his/her comfort zone.
I think it’s also important to know what type of person you are. I’m scared of heights and there is no way, I’m jumping out of an aeroplane, I don’t care how much fun other’s think it would be!!! And NO thanks, I don’t want to challenge my fear. []
In fact, when I took the seaplane to Otto and Fanny’s, the pilot said,
“In emergency, pull the leaver and jump out” ,
so all the way (45 min ride from base)I thought to myself
‘if the plane did go down, how can I save Simon, without having to jump? How can I make him survive the drop and keep his head out of water and keep him from getting hypothermia? Can I tuck him in my t-shirt and trackies and hold on to the leg of the seaplane? There’s no way I’m jumping…perhaps I can jump last minute…’ I mean, does that sound like the mind of someone who likes heights???
Okay, so I divert…
If people don’t want to move from their comfort zones, why push them? I watched Mike try to pull a hermit crab out of it’s shell, when a Fijian said they made good bait. Hermit crab 1, Mike 0.
Dinner – bought at local shop! Why fight nature! (Hmmm…interesting point…need to think more on that one…what would have happened if Mike had won, would we have had that dinner? Would we have had satisfaction of eating our fish even after killing 2 creatures in order to have it?)
Aussie, I don’t know about bubbles popping. There will always be good deals. Even in a bear market, resilient investors make money. I do agree with diversifying your investments.
I guess we were talking about the bubble going to pop last year and late last year…well…has it happened yet? In the mean time, how many people have bought and sold property and made a profit?
Richmond, have you chosen your holiday destination yet? []
Freedom to choose, Integrity… Wow… I’m impressed, let’s keep going and see where we get to. [^]
Thanks for your replies. It was a serious question, so thanks for taking the time to respond…keep up the good work, I’d love to see where this post takes us..
“To Infinity and Beyond” (Toy Story, Buzz Lightyear)Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there Regina and Westan,
Nothing wrong with being a ‘property-aholic’ [
]
I’ve always loved property. I used to make my parents take me on a drive to Toorak, Malvern and Kew, Templestowe etc both during the day (and night..hehehe “I can’t sleep, let’s go for a drive!)just so I could see the big houses and the beautiful tree lined streets. My dad did the driving and he was just happy to amuse his wife and daughter. This was only when I was small. As I started to get into my double digit years, my mum then took me to nurseries (plant variety) and we had Devonshire teas in the Dandenong ranges, Olinda, Emerald, Kalista etc. I learnt quite a bit about horticulture (actually I turned on the telly, channel 31, this evening and there were my parents on ‘Vassily’s gardening program’)
As I got older, I made Michael take me on drives (he had a car) over the Westgate Bridge (under the Westgate Bridge…Just kidding [][:0)]), Williamstown, Newport, Thomastown etc.
If I could have bought then, I’d be laughing all the way into early retirement at the age of 18!Westan, I guess you just need to know what your end goal is. Wraps has a two-fold purpose, 1) is to help someone get their foot in the door and 2)is to profit from that relationship, creating a win-win outcome. [
] I don’t have enough experience myself to tell individual investors what type of stratergy they should look for, but there are many at this forum with VERY good ideas! [^]
I do suggest however, to the new investors that they look close to home first, then venture out. It’s hard enough knowing all the legalities and tax issues of your own state, let alone that of the other state or in fact countries.There will still be Capital Growth opportunities in places where the market hasn’t experienced a boom in growth. For example (and it’s not without some trepedation that I mention this) it is of MY opinion that Geelong and especially cheaper suburbs of Corio and Norlane etc, which are closer to the city, have seen capital growth but the cycle hasn’t finished yet. In fact, Geelong is really beautiful and still close to the city. Yet there hasn’t been such a rush of investors there… well there could be, but I don’t know about it [
] Last time I was there (the week before the APIM) there were many new developments going on in Corio and some in Norlane.
I wish I had a crystal ball and yet again, I know with a crystal ball comes responsibility…
As long as investing remains a healthy sport, I’m all for it.
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi David,
Thank you for that link! It was very helpful.
Ta
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hiya!
I couldn’t agree with Del more! Finding that spare moment to read… perhaps whilst preparing a grill for me boys…ay Steve? [
] []
I’m really looking foward to your book to be out on the shelves! I’ve told my friends about it, so I hope they wait until they buy the book before investing!Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi Steve,
Whilst I know there are still plenty of opportunity out there, I am also aware of the ‘herd mentality’ and YES it concerns me a great deal. I guess people need to realise they are responsible for their own money and they need to make the right decisions for themselves.
I can’t say I’m not guilty of foolhardy investing, in the beginning when I was green, very green (like the Hulk).
I do discuss with people their investing stratergy only when they invite me into their ideas. It’s a personal area that some people don’t want to talk about…for others it’s another notch on their belt. There are also those in between, who like to share and hear other’s ideas.
It’s like a Spectrum. A rainbow of investors []
The ‘herd’ stampeding towards buying up any property is dangerous, but as other forum members have already mentioned, as long as these investors have their exit clauses and stratergies prepaired, then I hope if the preverbial SHOULD hit the fan, then the negative side to their investing is mitigated by their planning.Like you Steve, I am concerned. I agree, time will tell.
Cheerio
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi Wayne,
That was a great idea! I will give them a call too. If no response, I’ll email them. Hopefully they will get back to you.
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
I missed the episode, but you will be able to get the transcript here
http://aca.ninemsn.com.au/stories/1435.aspCheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
Firsty, I agree, Mini rocks!!! Her contributions to the forum are enjoyable and well worth reading. [8D] If the world was full of people like Mini, it would be a wonderful world to live in. [^]
I have to agree with Andrew (AD’s) especially his 2nd point. There’s a huge responsibility annexed to investing. If it’s your money, you only have yourself to blame if something happens, but telling others and not knowing their circumstances, well, I wouldn’t want it on my head if someone went belly up on my account!
If someone asks me, I will tell them and many of you from the forum already know where I’ve invested, but would I recommend buying where I have bought? NO, I wouldn’t, not at this time. Market is going sideways here. Maybe it’s due to the end of the financial year and it will pick up. Anyone got a crystal ball? []Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi all,
Joff, when we were looking to move from Donvale (we sold first) to where we currently live, looking for those elusive houses, ex-rentals that looked like glorified bomb-shelters, we were DEPRESSED and nearly backed out of our sale in Donvale. We found an “ugly duckling” (Buxton Real Estate, advertising board) and we were lucky, it really was an ‘ugly duckling’ so we negotiated on the price. It might look like a bomb-shelter now that it’s well lived in, but most would say the house is modest but comfortable. [
]
I think your sister will find something and the real estate industry WILL probably change soon, but in what way, who knows?
When your sister is ready, she will decide what she wants to do and/or what sacrifices she needs to make in order to live the life she wants to.
Perhaps as others have suggested, pool resources together or wrap her a house.Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hello there,
Ahhmmm, who’s paying for Cameron Bird’s advertising?
In fact, I just threw out another unopened letter from them.
They’re properties look like they are in lovely locations. Why are they still advertising them 12 months down the track?
I advise you to read through the letters they send carefully. Do they actually back up their statements, statistics? Be wary!Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
I read with interest all the posts here. [
]
I think it is advantageous that Bruce is going to do property investing in the city (Sydney, to be exact), as he misses one of the key/critical elements of property investing. ” It’s all about people ” (McKnight, Steve. https://www.propertyinvesting.com/strategies/wraps) []
With that type of attitude towards people who live in regional towns, I’m happy he doesn’t do wraps in regional Victoria, as he’d leave a very bad impression on regional townsfolk, making it harder for the rest of us when trying to create a win-win outcome.
Sure, there are some misfortunates in regional towns and perhaps at a higher proportion then in the CBD, but I’ve seen people with such foul mouths, with money, with pedigree, live in the CBD or inner 10kms of the city.
My wrapee, a mother of 8, soon to be 9, has opted to pay more than the amount agreed upon (no ‘grovelling’ here). She views the wrap as a ‘foot-in-the-door’ and is thankful for the opportunity. Granted, she is considered a financial risk, perhaps even a gamble, but if she goes on one day to help people in the same way, wouldn’t that be really special?
What about the lessons her children will learn, when they see the parents working and paying the bills, renovating their home the way they like it? Children learn by experience, they learn goal setting and self worth from their parents.With each person who takes action towards changing their life for the better, they fight the prejudice and the generalizations, which people like Bruce make towards them.
Bruce, I hope one day you might wish to challenge your perception of regional townsfolk and find out that you are pleasantly surprised by what you find.
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hello there,
I’d like a sports car, but I may not be able to have it just yet. I still drive a car though. My 1990 Camry takes me from A to B without to0 much of a hiccup, so I’m content with that.
Your sister, may still be able to afford a house. A 250K mortage may be out of her price range, but there are still houses that are further out of town, a little bit smaller or with less bedrooms and may need a little work done to it, and the price tag might be significantly lower.
I’d encourage your sister to purchase a good solid house, further out from town, as a stepping stone. She could always redraw equity from her house (when in goes up in value) to purchase another property which might be more towards her liking.You have to be in the game to have the chance to win!
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi there,
I found this post
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1247
The Author was mh1524 and it’s on page 29 (Archives) in the General Discussion forumI hope this is the one you are looking for.
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
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