LOL
perhaps George and Co they have offices everywhere, but they aren’t all that popular with the locals. and drive in your own car to inspect a property rather than in one of their company vehicles.

George and co are an up and comming outfit they hope to have offices all over the world, their marketing plan is, how could i put it “aggressive”.…[Read more]

hi simon

i’ve just bought in this area and have tenants lined up, it is a lovely couple who i’m sure will maintain the home well. i hope to call in and visit my tenants Osama and sadam when i’m next in town.
westan[]

sooshi

yes i know what you mean[}]

i was asked to put in an offer because there were multiples and when i did, the agent rang and said i’d had my offer accepted, the next day he rang and said there was a mistake and i didn’t get it.[], obviously i’ve never deal with them since, thanks you just reminded me i’ll email them and remind them what…[Read more]

hi matt

i haven’t had this problem before. it would be better if they found the nest i would think then you can destroy the problem. i’d probably ask for a reduction in the price. be completely honest with the seller and tell them how much it will cost to fix the problem. Termites are always a worry i believe they can travel 100’s of meters and…[Read more]

still at school

thats a good point

i tell the kids at school that, when we are talking about smoking and why the tobacco companies want them to start because over the life (shorter i know) of a smoker the tobacco co’s know they will make a $1,000,000 from each smoker.
regards westan

hi jimmy

how is PP going since Pasminco had its problems? i was under the impression a few years ago rental demand was strong (2001) but that was before pasminco.
bye westan

hi sunshine

yours is a tough one, $500 per month is a lot, that means if your income in the future is in doubt you may be in touble[?] worst case senario rate rises and vacancy may hurt you by the sounds, thats why cash positive is so much better because you can ride out the hard times better. i hate to give specific advice to you because i…[Read more]

hi all

while i agree with bill that it is better to learn and do it yourself, some of there deals seam ok, so why write them off.
Rebecca you must be confused, as ESC isn’t into property development and find deals with existing houses i know because i get there deals emailed to me (never taken up one just get it for interest). Henry Kaye is just…[Read more]

bear try looking in different forums, it appears some posts have been moved and others to do with stocks have been deleated.
westan

hi kay

thats a great post, challenging and thought provoking. i like to think i’m a generous person, giving both in money and time to others. But when it comes to buying property i’m very ruthless and pride myself that i can pick up a bargain, infact i used this quote, as my yardstick for investing, “the profit is made when you buy not when you…[Read more]

hey guy’s
do we loose a number if our post is deleated? []
this reminds me where the heck is Muppet?
regards westan

kkowalsk

yes and you don’t go broke making a profit, but i still think Cornel has done well.
how do you work out the value of your assetts?
i value them at current market value never the price i paid for them.
westan

thanks for the contribution Lynchy
i don’t even own any property in Sydney or Melb but if i did i wouldn’t sell it. it just concerns me with all the “HYPE” about a bust that some may forget the big picture and make decisions based on this weeks emotions. Everyone should have a strategy and write it down, get it out and review it every so…[Read more]

hi richardo

join the rest of us who have found it near impossible to by cash positive in Vic. ewhat sort of return are you after? i’ve found the best returns are found in the west of the state, but even then not fantastic, i haven’t been able to buy anything since June and that was in a smaller town than i would normally go for. It was St…[Read more]

hi all

sorry cornel

this is off the topic, but i also have to challenge kkowalsk with the idea you only make the killing when you sell.
if the assett has gone up in value then you have in effect made the money the value is added to your net worth so your net worth has gone up.
if i bought shares that went from $1 to 10cents i have to say i’ve…[Read more]

hi all

terry you have explained what i ment about assett protection, (it is from a legal point).

mel i only have one trust, i should probably start to seperate some of my assetts, but i do have a separate company where i hold some assetts. thanks for reminding me about that because it’s something i wasd thinking about recently but didn’t do…[Read more]

hi davidb

i use a trust for my property holdings, one without a corporate trustee. the only advantage with acorporate trustee is the element of asset protection. but the cost is considerable. if you restructured i think all you need do is change the trustee, however this may effect the mortgages (if you have them) because they would need to be…[Read more]

hi mcollins

this is closer to cash positive than the last one (broken hill), but its at mount morgan (in the middle of nowhere)[], just saying this mcollins to warn potential purchasers.

westan

hi cornel

i think its hard for us to answer this question, i think the property manager would be the best one to talk to, i think it should add more rent but it depends on the rental demand for your type of property. I’d think you could always ask a little higher and drop it back if you had to. the other thing is you may keep the tenant longer…[Read more]

hi Alf and Josh

josh i agree a plan is essential, but it also needs to be flexible and reviewed often, as i said in another post recently, i wrote a retirement plan last year, the plan to retire aged 45 (7 yrs away then). i kept this plan in my mind the whole time and soon realised it was way too conservative. i beefed it up and bought more cash…[Read more]