Forum Replies Created
Happy
Of course the tickets can be claimed it is a gift to a client.
I do not self manage at the moment but one of them I am thinking about it as the tenant is fantastic.
Cheers
Leigh K[
]Carve your own path and lead the way …
Hi Steve & Westan & Others
Well not having a long history in the market place I feel less confident with my speculation but I feel as Westan has said that we have peaked and the price burn has deinately began to subside. I have noticed approximately a 6% decrease in sellers asking prices in the Sydney market as I am looking for a PPOR there. Properties are on the market longer also. Sellers are starting to get a reality check making it time for a buying cycle.
I don’t see the bottom falling out of the market but certainly a period of better negotiations between buyers and sellers. Hence I don’t see house prices falling drastically.
Our strategy is to sell off the property that may have us over committed or a liability and to free up some important capital to use to buy more property in a few months time.
As for interest rates we have fixed all of our loans except for the ones we are selling, not fearing a huge hike, but we are sitting on some of the lowest rates in years so why not lock that in for a bit longer as I don’t see it going lower.
Cheers
LeighK[] economist/bsartistCarve your own path and lead the way …
Hey Kay
There is a thought!
Good conspiracy theory, the Mydoom virus came around the same time as Bill[}
].What are you doing Bill, creating the worlds current most infectious virus. Now that’s how to make a comeback[^]
Just out of interest Bill and Steve are both in my address book. Maybe it was me[
] oopps! Nah I have got good software that has been zapping it.Cheers
Leigh KCarve your own path and lead the way …
Hi Folks
It is a virus called MyDoom. It gets into your emails and spoofs itself to send messages using or guessing the names of people in your email system.
For more info on this go to Mcafee.com
I have received 3 emails in the last 24 hours with this virus and fortunately have good virus software.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi 7 (Hey that’s a good name for a kids show!)
I did a search of the members and found out that we have got 29 users with bear in there names.
We do in fact have a polarbear but the one I liked was barebear.
Mind you most of the bears have been in hibernation for a long time with no posts against their names.
With our biggest bear poster being ***MELBEAR***[:X]
Cheers
Leigh K[]Carve your own path and lead the way …
Paul
Well done pal!
There is plenty more for you to think about with future investments but we’ll get to that later …
Again well done[^]
Cheers
Leigh K[]Carve your own path and lead the way …
Guys
Let me just say that I bought Buyer Beware early on in the piece and found it to be invaluable.
I’d say it is worth the wait.
Cheers
Leigh K[]Carve your own path and lead the way …
Ah Bec
Ever the poet!
Bill Bill Bill[}
]or[:o)]Welcome back to PI.com, I am certain we will be hearing lots from you, hope you enjoyed your siesta!
Hope the investing is going well.
Cheers
Leigh K[]
PS: Behave yourself[]Carve your own path and lead the way …
First it is US based and hence not applicable here, although I don’t know of anyone doing it here maybe they are.
Second, I think you should disclose your participation in such a program to potential tenants first, I would be very annoyed if my landlord was making a profit for signing me up and letting me think the suggestions were from the kindness of thier hearts.
Let us know if you look into this any further.
Cheers
Leigh K[]Carve your own path and lead the way …
I think it has been quiet for some time now, maybe the new wave of reality TV shows is steering everyone into face lifts and booby jobs.
I have been thinking of starting a personal image consultancy for the duration of this next fad. [^]
Cheers
Leigh K[]Carve your own path and lead the way …
Bear
They are probably the ones that lost to Myydral! [
]Cheers
Leigh K[]Carve your own path and lead the way …
Oh Blimy,
Confessions, well I don’t have much time so I will only confess to being a renter and thinking of becoming one again[8].
But the nicest thing a landlord ever did for us was to leave a letter in teh kitchen draw telling us about the area and that we could call anytime if we needed anything.[:X] When we did call we where told gee I don’t know where you got hold of that old thing from, you should call the PM [:0]. Oh well.
Cheers
Leigh K[]Carve your own path and lead the way …
MP
Are you plannin’ on sharin’ any of that good fortune around?[:p]
Cheers
Leigh K[]Carve your own path and lead the way …
There is land in Sydney that is 25 – 30kms from CBD that is rural and due to be rezoned res and is asking 1.1 per acre, I personally think that is cheap.
Then areas like Kenthurst, Dural, Glenhaven and Annangrove is 1.5 to 2 mil for 5 acrea zoned rural usually with a house on teh land. These areas are not likely to rezone for another 15 to 20 years according to a town planner at council.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Paul
My first thoughts are – why is the bank going to finance you 105%, I assume that they are going to tie it to the equity in your home. To that I would suggest that you set up a line of credit using this same equity but it isn’t directly tied to your PPOR. and can then be used as you see fit.
Then I wonder about the town, what type of industry exsists there what is teh population? You mentioned it has 2 or 3 schools and a hospital, that sound like a town we have invested in and also were told that we wouldn’t get rents of more than $110pw, but all 3 are $130, $140, and $150pw because the shools and hospital bring doctors and teachers in from interstate and OS and these people are used to paying higher rents. So long as your property is presented very well you can ask any price it really comes down to will someone pay it.
Good luck
Cheers
Leigh K[]Carve your own path and lead the way …
I agree with Rugby about the industry and growing, One of the towns we are in has 3000 peeps and 3 main industries (not just agriculture) as well as annually bringing doctors and teachers in from OS and interstate. I have just had too houses rent at the same time this week both 30% above market value as they are both out of towners staying for 2 years.
I also think your properties have to be desireable, that means clean, not piles of rubble outside, nice gardens and a fresh paint job.
Cheers
Leigh K[]Carve your own path and lead the way …
In Sydney the asking price is about $1 mil per acre.
Cheers
Leigh K[]Carve your own path and lead the way …
Obviously our marketplace is more of a hay stack than when Steve & Dave came up with this litmus test. But the important fator is that the 11SR is to help identify properties with a 10.4% rtn, as this was there minimum return they would accept on a property.
Now that the market has changed, interest rates are going up this test needs to be adapted to your own requirements. But even as it is, it is there to help you weed out deals that will give cash returns from day one.
Markpatrick
I do the same thing as you as I understand what I am doing but for green eyed newbies the 11SR helps them to clarify what they are looking at.Cheers
Leigh K[]Carve your own path and lead the way …
Hi Soosh
Do recall what any of them are called? Maybe!
Thansk for the response. Good to see you around.[:X]
Cheers
Leigh K[]Carve your own path and lead the way …
Trust Magic is available through the web site and through API Magazine. But not available in Book shops.
Cheers
Leigh K[]Carve your own path and lead the way …
]
].
] oopps! Nah I have got good software that has been zapping it.
]
