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yack
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May 27, 2004 - 11:17 am
I would not worry about wraps in this stage of property cycle. Why sell a property to a wrappee when in all likelihood at the moment the property value will probably fall. Now is not the time to be wrapping.
yack
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May 27, 2004 - 5:03 am
It always sounded doubtful to me at the time.
yack
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May 27, 2004 - 4:55 am
Maybe it missed the publishers deadline!!!!
For Vic dont they ususally print the reiv stuff?
yack
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May 27, 2004 - 4:40 am
I got them all right – I must be dumb as…….
yack
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May 27, 2004 - 3:28 am
Fair enough – it sounded dodgy from the outset.
yack
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May 27, 2004 - 2:32 am
I agree totally WeZWaz.
If your a successful investor and you say you want to help people – then why $200k a session instead of $20k.
And dont give me the crap about the more you pay the more valuable is the info.
And I agree about the lack of ethics and the salesmanship of these people. Thats what they have that most of us dont.
If I was successful and really wanted to help people then surely the price would be very affordable.
Thats why alot of people are volunteers for their local football club or charity. They want to put a bit back into the local community. I dont charge them for my services.
yack
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May 27, 2004 - 2:10 am
Qualified Accountant working for leading US IT company in software development.
In other words – I cant wait to semi retire, do simple BAS statements for the local accountant, look after the kids, do some property development with my brother and get my hands nice and dirty with renos. But thats all got to wait.
yack
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May 27, 2004 - 1:46 am
GMH –
I tend to agree – if you dont have property in that country then it may be a captial expense therfore not deductible.
However is it possible to argue that as you have properties in Aust – as part of your investing expenses – you are looking for investments overseas.
Any comments appreciated.
yack
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May 27, 2004 - 12:57 am
Hi
I need to recover some money that tribunal awarded me.
I did a search and found this. I will give them a try. Has anyone dealt with these people before? Its my first experience doing this.
yack
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May 27, 2004 - 12:18 am
Hi
Ok. We have seen property prices fall on the East Coast of Australia eg. Melbourne down by 13%.
But on the positive side –
1. The .5% interest rate increase had the effect the Reserve bank wanted by taking some heat out of the market.
2. Low wage earners received a pay rise a few weeks ago.
3. Tax cuts for most wage earners.
4. Exchange rate of 70 cts to $US. A rate thats probably ok.
5. We probably wont be effected too much if the US decides to increase interest rates.
6. Inflation within guidelines so no rate increase hopefully in the short term.
With tax cuts and wage rises to low income earners, this will have the effect of supporting home values. eg. more money to pay increased rents and more cash in pocket to pay home loans.
As ususal comments appreciated. I probably missed something too.
yack
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May 25, 2004 - 12:43 am
Did you stick to my Agenda?
I was probably a bit harsh. One day I will drag my brother along, if I can get time away from the missus and the kids. They would not be too interested.
Glad to hear there was no negative idits like me.
yack
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May 24, 2004 - 11:45 pm
Ok. I am a little surprised by the lack of responses.
By posting on this site we have discovered property and are on our journey.
My question really is – at what point did you really get excited about property?
Did attending a particular course get you going or reading a particular book or did you just fall into it?
yack
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May 24, 2004 - 11:38 pm
Why dont you give us general details so we can make an assessment. How long is the course? How much is it? Who is the course designed for? Is it beginners or more advanced investors? Do you think its good value for money?
It seems Jenman has somne issues with it? But I would like to make my own assessment.
yack
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May 21, 2004 - 5:40 am
In my opinion buying in Mt Isa is like buying a 1998 Ford Falcon. It may be ok now but in 5 yrs time its going to struggle.
Too much risk for me. The return does not compensate me enough to carry that type of risk.
yack
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May 21, 2004 - 3:46 am
I do that. But I am an accountant and raised looking at life from an assets and liabilities perspective.
Makes sense though.
yack
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May 21, 2004 - 3:33 am
wezwaz
Well summed up. I totally agree.
yack
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May 21, 2004 - 1:42 am
I am not sure how far down it will go.
But we cannot sustain current prices when a young couple needs to find a $250k mortgage for an average Melbourne family home.
Back in 1997, I thought a $100k mortgage was a shitload of money.
yack
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May 20, 2004 - 11:55 pm
Geo
Please update us on the course. At the follwoing stages.
1. Just after doing it.
2. 3 months after doing it
3. 6 months after doing it
4. 12 months after doing it.
I would like to know if at any stage your view of the courses value has changed over this time.
yack
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May 20, 2004 - 10:06 am
I suppose as a landlord we have a duty of care to ensure any problems brought to our attention are rectified promptly.
eg. a smoke detector was broken, so i immediately, on the advice of my property manager got the handyman to install one.
yack
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May 20, 2004 - 10:00 am
If I was buying in country towns I would spread my risk. I would look for another town or something in the surburbs. Investing is also about managing risk. How confident are you about the town? By asking this question, it appears you have some doubts.