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

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

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

hi celivia

we are talking about houses that are privately owned but built by the state housing authorities. but the govt does sell them off every so often check with you state housing dept.
westan

hi scampush

i’d check the figures again maybe you have added some monthly fees as weekly fees ?
20% just sounds too high to be right[xx(]
at the most 10% is tops i would think.

as far as managing the property yourself, i’ve done it and i don’t particularily like it, i’m too soft on the tenants so unless you can be tough and on the ball with the rent comming in i’d find someone else.
one story for you. i own a house about 30km away and rented it out. the young single mum seemed ok and bought her mother with her to inspect the house. the girls mother was very nice also. i did some checking up on her and the local property manager who i know well told me she was a good tenant but not her ex husband. this was fine because he was no longer on the scene. well a few months later it all turned bad. she got back with the ex and he moved in. soon i was getting calls from the neighbours complaining that he was selling drugs from the house all hours of the night and day. eventually i bluffed them and they moved on but not before a few sleep interupted nights.
i think the sister idea is a good one but she needs to know the relevant laws and be prepared for the worst case senario
all the best westan

hi all

most of the properties i’ve bought are ex commission houses.
these homes are easy to fix up and usually in a structurally sound condition. they are low maintenance as well.
some people claim you won’t make any capital gains on these properties. this is rubbish. i have acheieved better capital growth from these type of house in the past 5 yrs than the best areas of Melb/Sydney. One property i bought in Adelaide for 24k in 1997 i’ve sold for 93k in 2003. but that is the past what of the future??
Some tips for you. always make sure your home is well presented, as the quality of the house will refect the quality of the tenant. run down properties get bad tenants. check the area out well and don’t buy in areas where vacant houses get damaged.
i’ll keep buying these homes at the right price.
westan

hi comdom

i thought that it wasn’t consistent with the first one. in that, at the end of the 1st one he was superhuman (while in the matrix) and in the 2nd he was just very good, he seemed to have lost his power ?
plus it was a bit long, with a lot of boring bits.

westan

hi akyboy

sorry before i answer i have some questions for you
what is your goal with this deal ?
i assume capital growth ?
is it you plan to build on the land, sell the land ? when do you want to sell. how much does the land cost you to own.
are you getting finance what sort interest rates,
westan

hi guys

don’t laugh mini from the servicemen i’ve met over the years they are doing a great job at teaching them “theres a time to have the brains of and idiot “.[]
these guys catch on real quick. (sorry to you ex servicemen just joking)[]
westan

hi all

celivia i like the idea of a small present for kids. but kay no matter which way you look at it aren’t we still trying to ultimately serve ourselves by keeping a happy tenant. i look at the situation as i am providing them with a well maintained house at a reasonable price all year i don’t expect a present from them for doing this, so should i give one? we are in an even situation already i provide a house they pay rent. just another way of looking at it. i know what you are planning is nice but i’m not convinced necessary.
i also like the idea of cleaning the carpet at Xmas time if a tenant has been in for 12 months, but once again kay, it is for my benifit also in restoring the quality of the carpet.
westan