Manage it yourself.

Bruce
Mooloolaba, Qld

ghotib, I would suggest community gardens have been very successful in a number places, St Kilda VIC and Herston Qld are two I am familiar with.

These offer a very simple workable solution for people in high density areas to socialize and grow healthy stuff.

Bruce
Mooloolaba, Qld

Hi Phobia,

Yes i have read Paul Pilzer’s book too. I believe there is an enormous need for health promotion. However, as a physiotherapist, I can assure you it is one thing to educate people, and quite another to get them to change their spots, eat better, and exercise more. I believe it will only happen when there is a concerted effort by…[Read more]

Mini, great thoughts. Am into the prefab thing myself but have been dissappointed with its cost savings to date. Had a quick squiz at fabprefab and will explore.

Venture capital in Oz is still minimal. We are obsessed with putting all our capital into our homes, which do little for the growth of an economy. The banks then use the returns from our…[Read more]

hi Bear and Mini, sorry to come across as a negative prat. Listen, I really think the internet and websites like this have so much potential for spreading not only information, but wisdom! what’s the old saying? bits ain’t bytes, bytes ain’t data, data ain’t information, information ain’t knowledge, knowledge ain’t wisdom.”

I just am interested…[Read more]

no CG in 5 yrs….which is what it is all about isn’t it.

at the end of the day, investors want to put their money where it is most needed. that is free enterprise efficiency. if rental yields are less than 10% in the bush, with no CG, then why bother with property expenses, in/out costs, and tenant risks when you can go and stick your money in…[Read more]

Bear,

You said to me “Your facts are not correct for the properties i am talking about!!!!!!!!!!!”

Time has shown that you erred in judgement on this matter. I wonder what else you err in judgement on…

I found the properties before you emailed me. Besides, the info you provided in the emails was pre non disclosure. All I used was your info…[Read more]

You mean Maurice Hodgson told me a lie about these properties?

8 BURY STREET

3 SELBY STREET

Bruce
Mooloolaba, Qld

Bear, pardon me for taking the wind out of your sail, but I think you are going to have to get a little more creative on the +CF lead thingo.

It actually took me less than 5 mins on a dial up modem connection the other night to find the properties you refer to. A quick call to the agent found the properties weren’t +CF. i.e.

– the 50k one isn’t…[Read more]

rolo, something else you can do while a cash poor but time rich student….

most students go and work for less than $15/hr for someone else in their considerable spare time. consider the following…

Steve McNight’s greatest wisdom in my view is that a positively geared property is better than a negatively geared one. plus there are less of them…[Read more]

I take your point, but the spin was that I am approaching people who hadn’t worked out all by themselves to sell privately. I agree those who advertise privately off their own bat, are savvy about maximum returns.

Bruce
Mooloolaba, Qld

Bear, I am interested. But how come the untidy 35k 2bdr gets the same rent as the 50k 3 bdr?

Bruce
Mooloolaba, Qld

Trace, if you are a physio, then you are probably studying investment because you know the burnout rates of physios at a young age, and the high rate of 1stMCP jt athritic destruction and hyperlaxity, rendering it impossible to do manual therapy.

Bruce
Mooloolaba, Qld

Rugbyfan,

I am sorry if i have pre-empted, but thought I would save your finger for 12 hours. Here is a link to your xls file.

http://members.dodo.net.au/~thefirstbruce/Landtax.xls

If you want to post it on your own bit of cyber turf, I’ll guide you through it via email or phone if you like- thefirstbruce AT hotmail.com

BTW, evem though an…[Read more]

Richard, thanks a ton for sharing quality info. I have been in touch with an architect, town planner and local council, so am reasonably certain that the building conforms with Pine Rivers town plan for strata titling.

As for additions etc, the block is 32 perches and I had considered converting the two ground floor flats for wheel chair access…[Read more]

If you tell where the property is, maybe there is someone here who will go and make an impartial inspection and email the results.

I would do it for a small fee if it was in Brisbane or the Sunshine Coast.

Name your criteria and I’ll fill it in.

Though you may as well use a buyer’s agent in that case.

I also think buying remotely is less risky…[Read more]

It looks neat and tidy to me. I’d throw some nice rugs on the floors, a couple of well selected wall hangings (local beach photos blown up) and whack some better furniture into it and sell inclusive. With the right furniture in situ, it makes a good impact at OFI- less hassles for buyers. And they can start renting it out straight away.

You could…[Read more]

In case anyone is interested, below is the formula P&I loans use. It is called a Simple Interest Amortized Loan Formula:

PV * ( 1 + i )^N = PMT * [ ( 1 + i )^N – 1 ] / i

where

PMT = the payment per period

i = interest rate in percent per period (remember to divide annual interest rates by 12 to get the interest rate per month, which is the…[Read more]

Rugbyfan, I would love a copy of your xls too.

thefirstbruce$hotmail.com

Could I also suggest when you have something a lot of people want a copy of, it is a good idea to whack the file up on a web or ftp site, and post a link. If you don’t know how to do it, maybe one of the other members can help. Or if there is anymore interest, I’ll gladly…[Read more]