Forum Replies Created
My two cents worth ….
my parents gave me nothing (except the best possible upbringing they could give) and I really didnt expect anything financially from them, still dont.
I am also sure that if they had given me a headstart, without financial education as well, I would have more than likely lost the lot.
Now I am a parent myself and over the last couple of years been educating myself, financial wise, and have decided that I need to “educate” my son.
I will give him a headstart, by getting his name on one house. From there he can work and use his money to progress forward. But if he doesnt have the financial education to go with it, he will more than likely lose the lot.
Part of being a parent (my opinion) is to try and provide your kids with options and opportunities that you didnt have.
Everyone is different, some learn some dont, and everyone learns at different rates too.
Give them the opportunity, do what you feel is best for you and your children and if they let it slip then you have done all you can.
Am I wrong in my thinking that “who cares if it crashes”.
To me it just means that it may take longer to get some CG. I think it would only matter if you bought but then had to offload quickly, otherwise if your intention is to hold for the long term, then it shouldnt really matter.
The upside is that at the expense of someone elses misfortune, there may be more “bargains” to be had. Harsh way to do business tho.
One thing you could put to the neighbour is the following:
Find out how much it would cost in RE fees, then maybe reduce it from 285 by half that fee, so that way it could be a win/win situation all round.
He gets more than if he went through an RE and you get it for less as well.
Hi,
One thing I do know about Goulburn is that the Police have their acadamy there.
Lots of renters!!
So if you geared a place for their needs, maybe internet access or such, you should not have too many hassles.
regards
wejonsHi,
One thing I do know about Goulburn is that the Police have their acadamy there.
Lots of renters!!
So if you geared a place for their needs, maybe internet access or such, you should not have too many hassles.
regards
wejonsHi Derek,
Fully agree with you regards buying for tax reasons, but people do do it for reasons that make sense to them I guess, so I thought I would mention it. I personally look at any tax “breaks” as a bonus, not the reason for buying a property.
rgds
wejons1they are the new ones and plenty are going up
show me a unit in sydney that is 2 minutes walk from the beach and 5 minutes walk to the cbd that is 350k lol
For me anyway .. the vacancy rates list would only be a guide. Just because the average says one figure does not mean your property may match up.
I should say … I am still learning and what I say is only my thoughts.
My due diligence is along the lines of:
what sort of property is it,
what does it have to offer a tenant
where is it located,
what services (rail,bus,schools) are nearby,
what sort of tenants am I looking for,
what amount of rent am I hoping for,
what else is available in the area,
what sort of condition is the property in,
have a look at RE’s in the area and see what is on the rent books (how many and what are they asking),and I also look at it and say, would I want to rent it, being with a realistic view too.
Maybe that is bringing emotions into it a bit, but if I didnt want to rent it, why would someone else want to
Just some of things that I look at, others may look for other things, be interesting to see what though. May highlight things that I have not thought about.
wejons1
I live there/here.
Lots of apartments/units going up – in the price range of 350k up tho.
There are older units around the 200-250 market.
The uni students are a big market here. More and more people are commuting to sydney as well.
Like all places there are some good and bad places to invest.
My humble opinion, if you were going to go for apartment/unit, get one close to the uni, they rent out easily.
There are a lot of places to rent, but if it is priced right and is in good condition, then you wont have any issue in renting it out.
Lee,
First of all I cant answer point one, do not own properties in sydney. Point two, I have been very lucky so far, out of three properties, the longest I have gone without a tenant was about three weeks, and that was on one that I bought recently.
The thing to look at is this, with me anyway: Can you service the debt on the IP if you do not have a tenant, make it a worse case scenario of three months. If the answer is No, then maybe you need to look at the figures again.
For me anyway, one “fear” of IP’s is the “what if no tenant”. I have tried not putting myself in so much debt that I cannot service it if I dont have tenants to help pay. Also I am happy to accept this “fear” and try and make my properties attractive to rent.
It all comes down to the due diligence, if you have done the work and bought the right property, then you should have no problems getting a tenant.
Hope this helps in some way.
wejons1
depends on what you are looking for and how much you are willing to pay for and what sort of rent you are wanting??
Kay,
I think the point is that it may be okay to loan out a copy for someone to look at, but if that person then starts using the templates,models, knowledge/steps outlined in the information then maybe it becomes illegal.
Depends on the type of legal mumbo jumbo that was included with the originally purchased material.
People do loan and share books and cds, but if they then start making copies it becomes illegal.
From reading the original post it is not clear whether Native_Metal will actually use the copy or just requires further information about it.
Depends on what he actually plans to do with it I guess.
wejons1
why not wollongong
same (roughly) distance/time to cbd as penrith, yet you have the benefit of some great beaches and views
why not wollongong
same (roughly) distance/time to cbd as penrith, yet you have the benefit of some great beaches and views
Voytek,
This is only my opinion.
Neg gearing can be useful if it fits in with your situation. The ideal solution is that every property is cf+, money in your pocket instead of going out.
However, a neg geared property can be used with the intention of “hopefully” the price rising and this is where you benefit. If you have cf+ properties then you could use that moneyto help pay for the cf- one(s).
My assumption with a cf- property is that after gaining capital growth, you sell the property to realise the gain and then use the gain to either pay off other properties or reinvest.
People also use the cf- properties to help reduce their tax.
It all comes down to your own personal cashflow situation. If you can afford the cf- properties, then they may suite your portfolio.
My two cents worth.
wejons1
Viralk,
Have you actually been there yourself?
wejons1
DAAJ,
Did you get photos of the pool and the condition it was in?
May be useful if he does take you to court
wejons1
To me it would be simple …. refinance with someone else.
Obviously this finance provider does not value your business.
By being ahead you can show others that you pay on time and can afford the loans.
Maybe check your credit history as well, someone may have put a black mark against you incorrectly.
wejons1
Kay,
I use the term “greedy” because the prices are way over their true value, not a good price for what is being offered, without even looking at whether it is CF+ or not.
I guess also good luck to them if they can sell their properties at that price, but they are not true value for money, my thinking anyway.
I am happy to pay full price for what a seller is asking for, and have done so, because I believed the price was a true indication of what the property is worth.
wejons1
Hi,
I have a brother who is a lands evaluator in the North of Tassie, they are flat out with valuations so he has a good eye on what properties are worth.
I already own one property there and am always looking for more … lucky for me I have eyes with local knowledge.
At the moment, I am being told to sit and wait, people are still greedy from the past twelve months and that properties are still overvalued.
This is just one part of Tassie however and I guess it depends on how much money you wish to sink into it up front?
rgds
wejons1
