Forum Replies Created
Thanks for the advice Guys, it has certainly given me some more to think about.
I haven't had the chance to speak to the person myself yet, my wife was the one that he approached so I am not sure on all the details yet. I will have to have a chat with him before I make any decision.
After reading my first post again I thought it might be worthwhile adding the following information.
· The neighbor’s block is diagonally behind ours and we a joint border for about 10 meters.
· Their block is about 2.5 times longer than ours (so I assume that it could be a cheaper option for them to go through our land.)
· They did ask the neighbor directly behind them (my next door neighbor) but he declined due to having a whole row of trees running down the fence line.
· The plan as I see it is to run the pipe to drainage pipe that runs under our nature strip.
Please let me know if anyone thinks that this changes anything…
Also, is it an expensive exercise for them to be laying this pipe?
I must admit I have had the same thoughts about a holding deposit. As far as I am aware, in NSW it doesn't guarantee you the property, the agent/vendor can't keep the money, and there is no componsation for you if they do decide to sell it to another party.
So, What is the point of the Holding Deposit? Do any of you serious NSW investors use a holding deposit? Why/Why not?
Thanks for the info Swerve,
I will just clarify that the main room downstairs is full height, but the laundry has the low ceiling (it makes you feel like your in Alice in Wonderland [blink]). But the laundry has a properly laid concrete floor and the main room has a dodgy concrete floor…
This property would be a PPOR for us atm so I would turn this main room into my office. However in a few years we might end turning the house into an IP.
Give Alistair Perry at F.R. Perry & Associates a call. He is very good and can do what your after.
Melb Tel: 03 9662 1999
Hi Elaine,
I understand your frustration.
Do you have Adobe Acrobat Reader installed on the computer?
Do you have the Macromedia Flash plugin installed?I have to admit its the “forebidden to view or download” that is messing with my thought processes.
Feel free to PM me or contact me using msn (click on the little msn butterfly below for details) and I will try to help you sort it out.
Regards
AlwayzLearnin
Hi Sk8r,
From what I hear, now that you have asked… they will contact you. [biggrin]
Great post Mortgage Hunter
You certainly got my brain ticking.
[thumbsupanim]
Hi Sweet,
I have just finished reading “Trust Magic” by Dale Gatherum-Goss.
It isn’t about Positive or Negative Gearing as such, but it is a good source of information regarding Trust structures and the benefits/disadvantages of owning property within a trust.
I am a Quarter of the way through his other book “Tax Battles” and so far it is shaping up to be a good book too.
AlwayzLearnin
Hi All,
Everytime I have sent back homework I have been imediatly sent back another email with the bonuses Steve was offering.
Other than that, last Thursday when we were meant to recieve the next installment of the Kick Start program we were sent the reno video that aliandmike mentioned earlier.
Looking forward the the next installment on Thursday [thumbsupanim]
Hi tbsuper1,
I am no expert on this matter, but I thought cross-Collateralizing like that was generally not an advised structure as it complicates things. My understanding of that structure is if you lose one place you can lose them all.
From what I have picked up on the forums, it is the prefered method to use the equity in a property to get a LOC and then use that as a deposit to fund the next purchase.
As I said, I am no expert so please correct me if I am wrong.
Thanks for the reply Tools,
After your response I went back and waded through the poorly structured ABS site and found most of the info I was after. So thanks for inspiring me look again. [biggrin]
Anyone???
Hi Mark
Alistair Perry is a forum regular. He resides in Melbourne and is very good.
His company is Perry Financial Strategies and you can reach him on 03 9662 1999
Damian
Nice Articles Stuart,
Very Helpfull
Damian
I have recently got the cashflow 101, 202 and kids E-games. I have found these to be alot better than the actual board game. You can play against up to 4 computer players or you can pay a subscription and play against ppl from across the globe.
For someone that is not overly intersted in the concept it can be to boring for them, but for myself and my wife we love it and play them all the time.
Originally posted by Millionaire in training:Hi all
Don’t want to rain on the idea it is a creative one. I am concerned though what happens if the system falls over or is hacked into. Wireless whilst very useful ( I have it on my laptop) can be a hazard to the ill-informed. Not sure how much you know about it.
I would also wonder what would happen if the tenant lost data etc due to a hacker. Would they be coming back to you as the supplier for retribution?Currently ISP’s don’t take responsibility for hacks or hack attempts on there subscribers. Therefore I would think that the user couldn’t cause trouble if they are hacked and want to sue or seek compo.
There has been a push recently to place more responsibility on the ISP’s for the protection of their end users. If this does happen then the responsibility would be on the ISP and not the landlord I would think. This should be a long way off as it is going to be extremely expensive for ISP’s and it has to go through the politicians first [biggrin]
Originally posted by Dr.X:
what happens if a 30 year old joins, will they be out the following year when they turn 31?I would like to know the answer to this too.
As I am creeping closer to 30 [eh] I would like to know if I would have to leave my new found friends and associates because I was deemed not young anymore *cries at the thought*
Sound like a good idea to me. I’m 27and in sydney (sounds like a singles ad [blink]) and would love to attend this sort of meeting.
I would have to agree with Dr.X and THEWIZARD here and say that although its a good idea to spend time with ppl of the same age, the benifit of experience would be a greater incentive for me to turn up.
Hi mja,
Some ppl (myself included) would prefer to have choice over there speeds, download limits and shaping. This being said, it would be great to move into a place and have some decent internet access while I was organising my own adsl instead of having to use 56k [glum2].
But when it comes to the general population I am sure that most would find the wireless adsl plan perfect [biggrin], but voigtstr’s comments are valid points to concider as well.
@ calvin
Thanks for the math’s tutorial. I see what you mean now. This is good advice and now I have added it to my ever growing R.E. Investment arsenal [suave2]
@ APerry
Thanks for this information too. I hadn’t thought about the different financial chooses I could make until your post so now I will put a greater emphasis on learning about the different loan types.
@ brc
Both my wife and I enjoyed your comments very much. What you posted was almost exactly what I had in mind. The part about being rude to try and negotiate with the in-laws was a bit of an eye opener as I hadn’t actually looked at it that way b4. Now that I have I will most certainly be trying to get a PPOR first and then somehow leveraging that to get some IP’s.
Thank you all for your replies, but please don’t see this as a finalizing post. I would still like to see more comments about the different strategies I could use.
