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Viewing 17 posts - 41 through 57 (of 57 total)
  • Profile photo of tom1000000tom1000000
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    @tom1000000
    Join Date: 2003
    Post Count: 74

    I sent an email to them asking about http://www.derivex.com.au.

    They replied and thanked me. They forgot to renew the domain name apparently.

    The website is back up and running now. So not quite RIP!

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    Well I just sent an email to CFDX asking what happened. If they have anything to say I will let you know.

    I’m very disappointed, was hoping to change my PPOR over to 0% (and lock in current property valuation), not much I can do obviously. Oh well….

    Profile photo of tom1000000tom1000000
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    @tom1000000
    Join Date: 2003
    Post Count: 74

    Last I saw on the derivex.com.au website, was that they were shut down by ASIC.

    ASIC were acting unfairly according to Derivex. ASIC wouldn’t even say what they were investigating, or who raised the complaint.

    Apparently ASIC are to blame for the end of Derivex?

    Profile photo of tom1000000tom1000000
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    @tom1000000
    Join Date: 2003
    Post Count: 74

    Life insurance is a waste of money!!!

    Exception – if you have children thats not true, you want your kids to have the best future possible. If I have children I will ensure any life insurance payout goes into a trust fund for them only.

    If you don’t have children I see absolutely no point to life insurance. Your partner might want a big fat pay cheque, but its the 21st century, anyone can move on and look after themselves.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    Hi,

    My understanding of the terminology is:

    Cash flow positive: The rental income exceeds all the expenses, you get $$$$ in your pocket each week

    Positive geared: The total income (including deductions etc) at end of year exceed expenses

    Negative geared: The total income is less than the expenses

    Some people accidently or deliberately confuse the top 2 terms I think.

    Profile photo of tom1000000tom1000000
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    @tom1000000
    Join Date: 2003
    Post Count: 74

    If you had tenants move out suddenly, wouldn’t you get to keep their bond?

    Surely if a tenant breaks their lease they say goodbye to the bond, and thats 4 weeks rent which should cover any problems. Plus you had insurance as you mentioned.

    If I ever decided to kick out tenants who are doing the right thing, I would offer them $$$ as compensation.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    Hi,

    I could be wrong but generally you can’t force the tenants out after you have signed a lease.

    In simple terms its unfair on the tenants. How would you like it if you were in their shoes?

    If you really want them out they could always be convinced with some monetary compensation. However they are entitled to name any amount they want.

    Maybe you could try and evict them when their rent is late, but that would cause a lot of hassle and I wouldn’t want p$#%ed off people living in one of my properties.

    IMO you are best of telling them that they have to move out at the end of the lease, because your daughter is moving in. Give them 4 months notice and they can’t complain about that.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    Wow there’s a scarey thought – lets include house prices in the CPI!

    Inflation in the last few years would have forced interest rates to hit 20% and made the Aussie $ look like the Lira!

    I guess there are lies, damned lies, and the CPI.

    Profile photo of tom1000000tom1000000
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    @tom1000000
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    Post Count: 74

    Congratulations on your good luck!

    When did you find out the vendor had to sell at all costs? It would have put a big smile on your face.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    Hi,

    Does BIR = Built In Robes or something else?

    Also it would be only common sense to ensure the contract had escape clauses for you to cancel the deal. If not you would have been in deep sh@#$t.

    How did you end up with $10,000 after NOT buying the property? I could understand if you bought at a cheaper price and saved $10,000. But you didn’t buy the property – so how did you get money for that!??!?!?

    Or did you buy and sell immediately?

    Profile photo of tom1000000tom1000000
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    @tom1000000
    Join Date: 2003
    Post Count: 74

    Hi,

    Now that you presumably have settled the property and its in your name, would you like to tell us where you bought the units? Congrats on an excellent purchase.

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74
    Originally posted by BEAR1964:

    Whos computer program did he steal?

    Regards Bear

    Bear don’t get a computer nerd started on how dodgy Microsoft is.

    <<Sorry – I’ve edited this post as it contained defamatory comments – repost again if you like, but leave out the accusations and opinion and just focus on the facts>>

    Profile photo of tom1000000tom1000000
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    Thanks heaps Kay you are a genious.

    Profile photo of tom1000000tom1000000
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    @tom1000000
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    Hi Soliel,

    Would you mind telling me what location the property is in? If its in a good location then I may consider putting on an offer.

    Thanks

    Tom

    Profile photo of tom1000000tom1000000
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    @tom1000000
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    Post Count: 74

    This maybe a silly question but does the “Section 32” only apply to Victoria?

    What is the equivalent for the other states / territories?

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    If everything else is really good (my criteria are location, tenant, rental return), then I would negotiate a lower purchase price.

    Any experts out there who can suggest how much the purchase price should be reduced?

    Profile photo of tom1000000tom1000000
    Participant
    @tom1000000
    Join Date: 2003
    Post Count: 74

    May I suggest:

    Positive People Property
    From 0 – 130 properties in 3 years!

    The title is short and sweet. I also think the title sums up your investing strategy in 3 words. It should also appeal to just about anyone who wants to help others and create “win-win” situations.

    Cheers,

    Tom

Viewing 17 posts - 41 through 57 (of 57 total)