hi arty and Muppet

wouldn’t it be a fantastic world if everyone was honest. i know i’m a dreamer to think this. we can’t control what others do but we do have a choice on what we do. so lets make a differnce in what we do. we had a stove installed ina rental property and the local retravision who had been incredibly slow in suppling it, then…[Read more]

hi bill

i’m a sucker for freebies

thanks westan

thanks C2
i agree totally.
i would like to add that while i got for high returning properties this is just one factor in the whole decision to buy.
westan

Redwing

i live on the other side of the country so you might be able to answer this one for me.

why has Geraldton dropped in price? its a big town/city is there a reason?
westan

hi all

normally with a neg. Geared prop. it would be best to go for the best tax deductions if the plan is to hold long term? therefore you would put the property in the highest income earner.
as you both earn the same amount, as Melbear said, it sounds like it would be best in your name as the cash pos properties will raise your income above…[Read more]

hi all

C2
you said
“How about using the good deal bad deal factor and relaxing a bit. It may not get you to your ultimate goal as quick but you will still get there.”

not sure what you mean here are you saying that we should settle for Bad deals as they will still help us to “financial freedom”?
westan

hi all

leigh
i got a great laugh outa that link
thanks westan

hi all

yes, true confessions i have the gloves . yes Muppet they arrived while we were in NZ (but don’t tell anyone we are buying there)Shhhhh[]
i was going to post them but now Muppet has told everyone on “forum Fun” that i’m a little bit short on top (hair wise) i don’t think i’ll give them to him.
luckily you guys wont have read that because…[Read more]

sorry Simon i was writing while you were posting so i didn’t see your previous post.

i agree with your point that you can put heaps of your own cash in to make a neg. geared property turn cash positive (good point)[]

i was writing those comments about Yeild to help others who aren’t as familiar as you are[]
bye westan

yes sooshi
you have to include all your costs as expenses. but this shows where the cash on cash indicator can be a poor indicator. because if you get to the point where you only have $100 of your own cash in on a deal you can end up with a property showing 1000% return on cash which is just stupid.
westan

hi simon

to a certain degree you are right but the Yeild is a terrible indicator of a good deal. the yeild does not take into consideration such things as rates / body corporates etc. so sometimes a 7% yeild can be a better deal than a 10% yeild. the best way to see if the deal is good is to look at every single expense and do the sums properly,…[Read more]

hi all

celivia

you wouldn’t want to include it unless it was fully covered by the rent. so if it cost you 15pw you would have to increase the rent by that amount. the only advantage i could see would be for the tenant who may get more rent assistence from the Govt? isn’t there a risk, i know with Austar they want 24 month contracts so what if…[Read more]

good on you bill, a very interesting post. i agree with sweetie and love your “honesty” approach. its good to see that your years of property selling havn’t effected you adversly. i was involved in sales many years ago and sadly too often people are quick to sell their own integrity to make a dollar. the R/E idusrty is a shocker for lack of…[Read more]

hey Muppett

right your in trouble for that one.

i’ve gone to a lot of trouble over the months to create this image of myself as a “hunk” and now you go and blow it all with one post.[xx(]

i hope we beat you in the rugby[]
yeh and NZ netballers are scrubbers !!!![]
yer and i like Greg Chappel tooo. [}]
Now i’m off in a huff
westan

yes muppet i’m not far behind.
Propertylogist i am staying up late, so by christmas i’ll be used to it, and this year for sure i’ll see Santa
westan

hi jason

no need to apologize (i live in south australia), we can’t all be Victorians[].
try Elders for Trust homes in Regional SA and Jackman and Treloar for Northern Adelaide
bye westan

good on you Diane

how do your figures stack up? where have you bought (don’t feel presured to tell as you may want to keep buying in that area.)[]

westan

hi guys

i don’t pay a lot of attention to Paul Clitheroe “money” show. but he made a comment on cars and said “buy the cheapest car your ego could live with”.
personally i’d never get a loan for a car, its a poverty trap, i know lots of average earners who are stuck in the car loan merry-go-round.
westan

hi all

Lizzy interesting to hear your comments on tas, i owned a property in clarendonvale (sold it recently) and it was a nightmare, at that time i owned about 15 homes and it caused more headaches than the rest combined. lizzy i too have warned about this area, on this forum. i found that there are few agents wanting to take on management in…[Read more]

hi all

firstly i can’t believe i’m even joining in this topic.[xx(]
pinky on “today tonight” last night they said that it was out of cosima’s hands when she made the announcement. the producers of the show chose when she was to make the announcement
bye westan