Forum Replies Created
I understand its something the agents/property managers do. They agents tell me they have already added her to the database.
But I want her to get a credit record black mark, so I need to go to the tribunal and get a judgement against her and then get a credit agency to chase her for the debt.
Its normal practice in the areas I invest for 12 month leases.
Six months is too soon, before you know it, its expired.
Two years is a long time for a tenant to commit so its rare you get someone who is prepared to sign for that period. I once had someone prepared to sign for 2-3 yrs but decided not too. I just thought it was too long a period.
As i pay a weeks rent for a lease signing, I think you want value for money – so 12 months is what I expect.
RTP =
1. Rent to Purchase
2. Really Top People
3. Reality TV person
[^]
They reckon they are out there, you just need to look harder.
Me – I’m not wasting my time at the moment.
Yeah I heard Thwaites on the radio as well on the way to work.
Bec – that birdie looks like it was spot on.
I just buy properties in my name. I dont see why you need a business name unless you want to do wraps or something like that to attract people to you.
Only because I fixed one of my largest loans last week for a period of 5 yrs.
I have no idea. One of the problems of negative gearing I suppose. But at least the properties are not in rural or regional Australia. Got to find a positive.
Let me give you my perspective which probably is not the same as Steves.
1. Too late in evening for me this one.
But if you claim depr you reduce the cost base of property and pay more CGT later. But to me thats ok as a deduction now is better than CGT later.2. Me I prefer IO but I am growth oriented and prefer cash flow. For ve+ properties it would be good to make principal pmts so you can buy more properties as you reduce the principal.
3. Me – I prefer to have one property not 4. I work full time so I dont need 4 times the time and effort that one good property provides.
4. Agreed. Not worth the effort in my view at the moment in 2004. They all say there are opportunities around, you just need to find them. But I am not selling a concept, book and training.
If you get no reply – you could post the entry to the 0-130 properties Forum.
A bit of reality finally hitting Brisbane!!!!!
No problem. Send me an email!
I invest in Mentone and Sth Frankston. My aim one day is to live back in Parkdake and buy a house between railway and Beach rd. No hurry though. My kids are not even at primary school yet, but I would like to be there once they start secondary school.
I grew up in Mentone. My wife and I had a unit in Parkdale and sold it and now live in Aspendale. Hello neighbour.
Kay Henry
<<<never compare yourself to others… there’s always lesser and greater… >>>
I try not to compare myself to others. I once tried in trying to get a payrise. My boss effectively told me not to compare myself directly to others, so I have always, since then, tried not too.
I am a similar age to you and been in property similar to you as well. I dont know all but just want people to exercise some caution. I am sceptical about rural properties. Like the two-tier stuff the property boom has hidden alot of problems.
I live in the beachside surburbs of Melbourne.
Chan
<<<<which soon makes a -ve gear become very -ve -ve -ve gear. So I believe anytime is a good time to buy.>>>>
Even with ve- properties, the time to buy is when you can afford it. Time in the market is the key.
Do you do ve+ investing full time? I believe Ve+ investing is a full time job. My main job is well paid so I am after quality properties that will grow in the future. I dont have time to drive for hours and I dont need the hassle distance.
As someone said in a previous post, who wants a property with no growth that returns $2-5k per year, when a growth property goes up $20k a year. You tell me who is better off in the long run?
<<<<<yack = neil jenman…lol>>>>>
Well, I am not Neil Jenman. Sure I share alot of his views but in my opinion, He too has his own barrow to push eg. make his group of agents sound the best in Australia.
Me – well I dont think rural properties are good investments. I dont like wraps – there will probably be problems in the future. Property Gurus, Property Groups and financial advisors piss me off. I enjoy property investing and to date I am more than satisfied but not anywhere near giving up the day job.
Future – well, presently I am helping my brother get his builders licence. So I hope to possibly do some developments with him. I am the accountant and he is the builder – so I think we are a good mix.
I hope you dont mind me being the devils advocate a bit – I am growth oriented, as property is a long term investment. I think alot of people are buying ve+ rural properties and will at some stage in the future sell out as the hassles will not be worth the effort. It may not be in 2 yrs but within 4-5 yrs they will have had enough.
Leigh
Are you part of that team?
I am not talking about two tier properties. They distort the market.
Historically properties douuble every 7-10 years.
Ok. We have seen great growth of late, so the next cycle may take alot longer. But I still expect properties to double in 10 yrs time – even docklands properties.
But can you wait 10 yrs. Property is a patience game.
Fair enough. Maybe woke up too early.
I always ask my property manager. Try them.
Thnks Dreamer.
But prefer to go it alone.
