Question To Steve.
If you think your Apprentice Property Investing Cert IV Program is suitable for young beginners, please explain why and
how you think they could cope with learning it alongside mature age beginners.

Cheers
thecrest

Hi Scott.
Thanks for that info. I’m very interested in locating that article and will start searching.
The Echo Point location would have to be considered very strong in the tourism sector.
It’s an awsome view, well setup for buses and a “must see” . As I remember, it’s free too.
Great motel for someone with good maintenance skills and ripe for a…[Read more]

This is what I mean about opportunities coming along after you hit the borrowing wall.

Here are 2 motels which just came onto the market , just when I’m out of funds to buy, and I wish I could buy…[Read more]

Scott No Mates wrote:
The Australian Financial Review, just a little non-descipt newspaper

Also noted another sale indicating that prices being achieved have dropped 40-50% over the last 5-7 years. There are some big losses out there just waiting to be crystalised. That’ll put more pressure on rates & access to commercial funding.

Hi…[Read more]

I’ve been waltzed around by some slick tenants in many tribunals during my time as a PM in NSW, and this is what the Tribunals told me to adopt as an attitude. Someone please correct me if the law has changed, I’d appreciate an update.
Apart from the initial rent in advance at the start of a lease, the Act says a tenant must always pay rent in…[Read more]

Hi Scott
What’s the AFR ?
Katoomba is such a magic unique place.
But it sounds like the visitor numbers have been slow for a while, don’t know why
when it has so much to offer.
Depending on their condition and about 10 other vital factors, it could be a good deal.
Cheers
thecrest

Hi All
A quick update.
We bought a leasehold in Wagga Wagga, NSW on 26% ROI.
Settlement due end of Nov.
Excellent condition, strong business, hence the lower ROI.
No restaurant.

To speak in positive terms, during this process we have experienced
enlightening and rewarding challenges in the many areas relating to the purchase of a motel and…[Read more]

Hi Jack.
Your opinion on financial matters and predictions sound well informed and delivered with enthusiasm and passion.

I support your right to have an opinion on the topic and to express it,

but your comments about me are unpleasant, personal and not welcome.

Forumites discuss issues, are encouraged to post their comments about issues
in…[Read more]

Sounds like a chicken and the egg situation, but only short term.
Depending on how long it would take to replace the deposit, the values are :
deposit – $3,400
education – priceless.

This is provided that the “education” is sufficient to enable you to invest safely in your selected field.
And it’s likely that trying to invest and reach a goal…[Read more]

3-4 months of rent commission equals the relet fee. Even a month or 2 of vacancy before a relet is more profitable for a REA than full time occupancy. Crunch the numbers yourself on one of your own properties and see how long it takes the REA to earn the equivalent amount of relet fees in commission.

BTW – I should’ve mentioned in my post that…[Read more]

Is this property listed by a REA ?
If so, REA must be slack, not even bothering to take a current photo.
Slack REA spells opportunity.
If selling privately with an old photo, same applies, opportunity.
Have a look on Google street view.
Cheers
thecrest

Requirements for a good PM dept.
Property management is a people business.
Success requires quality and quantity.

1. QUANTITY – SUFFICIENT STAFF.
It doesn’t matter how willing, able or professional staff might be, without sufficient staff to handle the workload then everything suffers – staff burnout n turnover, work not done, work quality…[Read more]

Hi Emma.
Street appeal suggestions.
You choose the colours, decorator I’m not.
Paint over yellow with same colour as bricks.
Add front fence.
Paving paint on driveway.
Spray timber (?) side fence.
Clean roof tiles if it’s within budget.
Pic too blurry to suggest more.
Cheers
thecrest

Thanks christianb, love that comment, that’s a keeper.

Guessing where CG will be highest is challenging in these times.
Buying below market value on strong fundamentals seems more like “investing” to me than guessing or punting.

Don’t banks demonstrate their forecasting on future interest rates by the positioning of their fixed interest rates…[Read more]

Hi All.
Update.
Yay – We finally have the purchase of a motel leasehold under contract, hope to settle and move in about 2 weeks.

Banks were less than helpful even through brokers. NAB gets the wooden spoon, CBA was excellent.

In a few days we’ll post more detailed info here to assist other motel investors.

Cheers
thecrest

Hi Rusty05
If the Forum structure had a “Like” button, I just hit it for your post.
Cheers
thecrest

PS Attention Forum Administrator – please add a “Like” button to posts, if you can.

Hi Steve
Good one, thank you.
I suggest the techies ensure that the place where people can register their interest is working well and capable of handling the volume.
Count me in.
Cheers
thecrest

Go Jenny. The value of meeting and mixing with like minded people is hard to measure, but it motivates us and validates our goals n dreams. The costs are minor compared with just about anything you do in real estate.
Have a great time while you pursue your goals..
Cheers
thecrest

I don’t feel so unenlightened when the gurus are wrong, although guessing wrong where the RBA thinking is concerned is not necessarily wrong but timing. RBA’s thoughts and actions are no doubt predictable by gurus but it can be a matter of when RBA decide to take the predictable action.

We’re about 24 hrs away from signing with CBA for a large…[Read more]

This is a very good post and intriguing question.
The contract to pay for the installation of this different type of system and hence trigger the rebate to that person might be the key.

The question is : whose right to the rebate is superior – the property / equipment owner or the electricity consumer ??

Another landlord vs tenant claim has been…[Read more]