Forum Replies Created
Alpine Offset anyone?
Just because a person has died doesn’t make them a saint. Perhaps some more research is in order.
For what it’s worth I think media coverage has been quite restrained.
Perhaps some of us are here to share what we have learned over about investing in real estate, in exchange for learning more from others.
I’m not being intentionally rude, but wanted to point out that in reality there aren’t a bunch of cashed up people out there waiting to hand over their money to someone with no experience or track record in real estate.
You must bring something to the deal apart from time – do you have a portfolio of properties you are ready to pounce on as soon as the cash is available or do you just have a vague goal of emulating Mcknight et al? Perhaps onselling such deals as you build experience is your best option – you can use the cash you make to fund a handful of personal purchases to prove a track record, then go JV with someone.
Not always but similar properties of similar value certainly do, and as you know there are many markets within a market. I find most of these techniques from courses overly simplistic yet held up as the holy grail of prop investing.
Sorry I can’t see why a property with problems would have a higher yield. It is more likely to have an appropriate yeild for value, so that if you fix it up it will be just the same as equivalent props in the area.
Sounds like a nice case study for a workshop rather than something for application
Originally posted by Gatsby:Hi Anubis,
I’ve just finished reading ‘The Damage Done’ by Warren Fellows. Now I don’t want to get into the ethical/morality of someone who was caught and imprisoned for trying to smuggle heroin (ie the lives destroyed by heroin) out of Thailand, however it was an incredible book to read and what he had to endure.Hi Gatsby – haven’t read this but “Marching Powder” is also a powerful read. About an English guy imprisoned in South America for trying to smuggle coke. Full of ironies, like wives & children living in the prison, having to buy your cell, and coke being cheaper and more plentiful in the prison. He gained notoriety as tourists could go visit and pay to stay overnight in the prison.
Originally posted by Scremin:Anubis,
you know you can get counselling from other areas than your priest.Should have explained that it was mandatory in order for him to perform ceremony. We didn’t require any but had to have a few sessions with him anyway prior to the wedding.
Hi Rod,
At the risk of restating the obvious, I think it will be difficult for you to find someone prepared to contribute all the cash for building a joint portfolio.
What are you bringing to the table apart from time? Do you have experience in the property market?
The mythical money rich, time poor partner is better served by using a buyers agent [bird dog] unless you really have something that no-one else can offer. If people are time poor it can usually be fixed by better planning.
Anyway best of luck, but I’d start saving.
I think the education falls down when the “educatees” are talked down to or patronised. It’s hard to take a message seriously when the “educator” has no first hand knowledge of the topic.
It’s a bit like my Catholic priest giving me and my wife marriage counselling before the wedding. It’s part of the deal but what can he tell me about married life?
I think Steph is right – perhaps we need an alternative drug’s pamphlet. Not recommending them to take drugs but if you do here’s what to watch out for, drink lots of water etc.
They certainly are an optimistic bunch those West Coast home buyers. Of course they have no facts to back it up with, but shucks they are enthusiastic.
Now what was that latest Green Day album called again….?
I’d be looking at who pays for what with outgoings, maintenance etc.
State of repair overall,
Historic figures for renovation i.e life of fittings etc
Occupancy rates
Try & gather info on what price similar hotel/motels sell for & rent for
$5k a month sounds good now but in 25 years it will be of far less value – maybe index it to rise x% each year so you don’t lose the value of the dollarOriginally posted by ahooker:Properties That Meet Investment Standards
Compliant Investment Properties’ unique approach will give you peace of mind when you are considering the essential elements of any real estate investment. And best of all our services are free.
This may be deemed advertising but I have to ask the question – if you provide this for free where do you make your money? Do you get a percentage from the developer? If so what is the percentage?
Originally posted by ahooker:For the last 150 years, property has doubled every 10 years on average.
AshSource please.
Maybe the date of the article is a clue?
April 1st 2030
“I know, from reading the comments on this web site, that many Smirking Chimp readers believe as I do, that the economic tsunami planned by the Bush administration is probably only months away.No – this sounds like rational economic discourse to me. I agree that the US economy is a ticking time bomb. Two-thirds of the economy is consumer spending, the budget deficit is beyond belief, stock prices have no connection to value, and the country is undergoing a massive cultural and ethnic shift.
I think you could have made your point using sources that are far more credible though. They would strengthen your argument rather than the message being weakened by where you obtain it.
DD tool? For conspiracy theories perhaps.
Ok – good luck with your purchase Ajay
Originally posted by Dazzling:I’m finding it fascinating this “voting for a Pope” charade by the cardinals who are eligible. The last time around in ’78, I was too young to understand, now I find it very clandestine…very ancient and secretive. The head purple PJ has apparently given a directive not for any of them to talk to the media until the voting is over.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
No different to a meeting of say the Labor caucus to elect a new leader. Done in private, secretly – maybe a few “an inside Labor source” comments.
I’m interested that you term it a charade though – care to elaborate?
15% is $55 a week out of your “rent”. Suddenly you’ve invested 475k and getting $315 a week in rent before you pay insurance, rates & land tax.
I have to ask if the stamp duty refund is what has you convinced on this deal?
A 5% deposit leaves you paying around $1400 per f/n on net revenue likely to be $500 per f/n. Can you afford to chip in $900 per f/n ad infinitum between you?
How about selling your home and moving into the Sydney/Melbourne unit as applicable? Might not be the preferred option but may save you from losing everything.
[
Once they have reached <this> stage I really don’t have any advice to give.[ohno2] Somebody, please help this person!
Regards, F.[cowboy2]I think we shall see many more of these stories in the coming months. I don’t think there is anything we can do to help them now. It’s a lesson well learnt, but expensive.
