Opee .. the answer is a weight to judgement.Now, people will say that a house is the obvious answer .. because it may have the additional land component that could lead to additional subdivision and further growth.Thats all true .. but the overall picture is a house remains higher overall maintenance than a unit. It also comprises a higher…[Read more]

Developers will tend to pick the effective points in the market relying on ongoing trends.An example .. Doncaster has proved popular with the creation of multi-unit sites … so the trend there is being extended to surrounding suburbs such as Templestowe and Mitcham. Developers are now taking that risk.However .. you must remember that Manningham…[Read more]

I avoid OTPs with a passion.If I'm going to make a purchase .. I'll purchase what i see and feel and touch. And thats worth the stamp duty saving to me.OTPs sell on hype. I dont buy hype in the stockmarket .. and I am not going to buy hype in the property market.However .. to correct myself on the above .. I will purchase into up and coming areas…[Read more]

Johann,I've been lucky more times than not. And thats from the years of experience .. the bundles of books .. and learning what i've got into and how to operate it the best.You win by trying. You may not succeed the first time around .. but you take a snapshot at what you've done .. and stick it up there on the wall as a prime example of what you…[Read more]

The only thing i have to add on the subject of loan brokers is …Avoid the YES men, people who are too willing to say yes .. are also the most likely to shuttle around for your business instead of directing it to where attention needs to be focussed.On the same notion as above .. make sure the loan broker you deal with scrutinises all aspects of…[Read more]

I think if i was 14 again .. and asked the question .. what would I do to get where I am . . . . in property ….Find a mentor .. someone who has already made the good and the bad happen in real estate. Sit back and listen to what they did .. how they did it.Go to a couple of open houses with an adult .. and look at what people are doing for…[Read more]

Its a caustic mix at the best of times .. to answer it properly .. you have to know the mix of what goes into the deal.Your property is positively geared when you got something left over of any substantial value after paying maintainence .. property tax (if applicable), water rates, council rates .. and community fee (body corp or owner…[Read more]

If you really delve into it .. there is only a grant of title on your property anyway.The piece of paper or registry at the titles office just remains an acceptance of title as granted by the crown and the local land act as applicable. So if you wanted to play semantics .. the government run under the queen has always had the final word on whether…[Read more]

Kirsty .. I would be repeating myself if I said that your current option for purchasing a unit under 50sqm is a bad idea .. i've written almost the same thing over and over on this forum regarding that option.So I wont repeat myself on it.All I will say is that you will be left with a bad egg. A bad egg is something that the next potential…[Read more]

The next time someone goes on a rant to you about how awful Capitalism is … hand them a sachet containing a teaspoon of sugar.And explain to them this.Capitalism has meant that you now own a sachet of sugar.Free markets allowed people to compete on the best sugar prices and deliver to you as much sugar as you needed, possibly MORE than you…[Read more]

I'm boring .. i went to an online site called Mozo .. it allows you to apply online.I applied with legitimate credentials and got 7 cards.Having now abandoned 3 of them .. it was TOO easy to get credit .. but a lot of fun.They did however change the rules of credit card application and verifiction since … so it may be harder to do that.But…[Read more]

Give your friend the keys to the liquor cabinet.Tell him he's allowed a small glass a day .. and the rest is for everyone else.And tell him he's in charge of it and its his responsibility.You'll get roughly the same response you will get from any socialist government.The liquor will be gone .. the excuses will be many and there will be no…[Read more]

The creative solution will not be how you can LIE to the mortgage broker .. but how you can best present your current situation OR alter your current situation to fit the right criteria.I state this post after post .. the banks and the mortgage brokers look for gross income .. equity and rental income to make their decisions. If you cant fulfil…[Read more]

The answer of how to make money without money is to make it with someone else's money.If you cant sell your property because you dont have it, sell the skills to make someone else's property better.Negotiate to sell a property for someone for a better price by improving it or marketing it better. Ask for a profitshare from the arrangement.The…[Read more]

Lets put this investment idea into perspective.The whole problems with the Greek crisis is the lack of ability to pay for anything.And they have just voted out the guy who was even half of the way toward austerity.They wont pay their bills, they arent prepared to deal with their issue of debt on a rational market basis. Regardless of all the talk…[Read more]

Boarding attracts usually the worst kind of tenancies .. simply because its a cheap option.You'll get the smokers who have no problem falling asleep with a lit cigarette, the mentally ill who are just looking for a place to stay and the migrant who hasnt quite learnt yet how to live in a house without a thatched roof.Your insurance company will…[Read more]

Here is one for when you get professional.I have an old lockup shop that I purchased many moons ago for a pittance.Its no longer any real value as a shop .. since the area has a proper mall nearby. So i got it as a commercial space .. for a couple of bucks instead of a heap of bucks.It has residential upstairs, so that has got rented out for a…[Read more]

The question Dan42 that you should be asking is .. Does it make the existing investment idea that I want to achieve .. more successful?You cannot possibly predict which way the wind blows on interest rates. However .. both historically and in recent times .. the interest rates are exceptionally low.If you find a project .. an investment .. a means…[Read more]

FirstInvestment24,The most important rule of investing wisely is timing. There is no point taking on a stock at its highest level ever .. and hoping it will go higher. And then complaining loudly when it resets its price to reality. And then waiting for a clawback so you can just break evens on the stock.Your current issue is timing.Thats where…[Read more]

Dubstep wrote:
     Not long now. I'm looking forward to the phone call from Goldencasket  

You might be able to afford a bigger fish !