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April 11, 2005 - 10:44 pm

Call me a sceptic but when any type of organisation tries to lure you in with a pitch long on hyperbole and short on information screams RUN AWAY to me.

Can you provide the stock code for chosen4u or winners edge or whatever the real name is?

BTW Winners Edge is an animal supplement supplier in the US

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April 11, 2005 - 10:21 pm

Management Fee is usually 16.5% of rent non-negotiable for the life of the lease to DHA. They do pay for some minor repairs and spruce the place up when they leave though. Not sure I’d be jumping through hoops to sign up for 4% return (before mgmt fees, costs, taxes etc) though – especially with no guarantee of any increase in value.

If the lease is still in place with DHA when you want to sell you may find it difficult to sell – niche investment like serviced apartments. You can get a 4% return by buying a standard property that would be cheaper, and in any suburb you like within your budget.

If you planned on keeping it for 10-15 years I’d say go for it, but 3-4 years doesn’t seem like long enough to gain any advantage.

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April 6, 2005 - 10:41 pm

You may want to search for Shariah (from memory) mortgages. No interest is allowed to be charged so compliant loans can have a shared equity type arrangement

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April 6, 2005 - 10:39 pm

We only have an agent managing one of our IP’s – the rest we look after. The managed one is in Battery Point in Hobart and we pay 8% per week flat fee with no other charges like postage etc. The initial offer was about 12% which we declined.

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April 6, 2005 - 6:37 am

Have you thought about going closer to the city? All of those areas are way out west. You could still get something decent much closer in.

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April 4, 2005 - 10:56 pm

Selling some, keeping others. The numbers just aren’t there for buying right now. Moving in other directions

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April 4, 2005 - 2:26 am

That is just lazy Jack. At least make people work to bust you as a fluffer.

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April 3, 2005 - 10:32 pm

Hello Pot….this is the Kettle…. You’re black

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April 1, 2005 - 1:40 am

My council must be better (cheaper) than yours

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March 31, 2005 - 11:13 pm

I think mine was around $20 for a prop in Launceston. It’s outrageous. Mind you the actual rates are about $1k a year.

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March 30, 2005 - 2:15 am

In theory Kerwyn – yes. In practice – no.

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March 29, 2005 - 11:35 pm

Originally posted by Brady5:

Nat R
Listed price of property is eg $100,000
Property purchased at $80,000(although bank is not yet advised of this figure)as you want their valuation!!
Bank valuation returned at $100,000,
80% LVR on valuation equals $80,000 (full purchase price)
100% financing.
(the bank has NO interest in your purchase offer or price, only 80% of valuation..so there is no “lower of” as far as they are concerned)
Cheers,
Brady5

Hi Brady,

sounds great in theory but every piece of property I have purchased, the bank has taken the purchase price as valuation, no negotiation will be entered into. The bank doesn’t care about how much of a discount you have negotiated – to them what you pay is usually fair value. The val is not done as early in the process as you seem to think.

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March 29, 2005 - 11:26 pm

Plenty of kiddie fidlers in all religions Gatsby, and even amongst the non-religious. However the Micks are one of the few to put unreasonable expectations on their clergy such as no sex/marriage.

Mind you the Branch Davidians thought it okay for their self annointed prophet to have sex with every single woman/girl over the age of about 12 in his cult because “God said he should”.

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March 24, 2005 - 6:39 am

Hi Greg,

Have worked in marketing and CRM over the years so you pick up the odd trick along the way

Membership of ADMA isn’t compulsory so it will only block actual members. From memory though the US is looking at introducing a law that makes everyone an automatic opt out and permission needs to be obtained specifically to contact with marketing – now that would be nice.

It’s hard to beat these clowns – my parents get calls constantly. I have a silent number and have never had one. It’s a pain but it might be worth changing your number and making it silent (about $3 per month).

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March 21, 2005 - 11:40 pm

It will be tough to legislate against calls originating in another country – particularly if they use predictive diallers from a database and haven’t purchased contact lists. They may just have programmed in all phone numbers from e.g. 02 8000-0000 to 02 9999-9999, and they record which are valid and dump those that are not.

This can be done with any half decent CRM system – the person calling you follows a script on the screen and enters your response so a profile starts to build.

Most companies in Australia give you the choice to opt-in or opt-out of marketing but you have to read the fine print to find out which is the default.

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March 17, 2005 - 4:23 am

Perhaps – absolute power corrupts…absolutely?

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March 17, 2005 - 12:08 am

If you think about it the “portfolio” as you call it is a result of centuries of bringing the message to the masses. They were built as houses of God and their current worth is not the point.

When was the last time you saw a new Catholic church going up? I have seen plenty for sale in the last few years due to declining flock size.

I think McDonalds may give them a good run for their money when it comes to property portfolio values though.

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March 8, 2005 - 11:54 pm

Ok pelican – nice to see you can rationalise it to yourself, but I didn’t attack anyuone’s beliefs I merely countered irrationalism with irrationalism to show how ridiculous some of these comments are.

I don’t worship Jenman – my dealings with his agents have been less than impressive and I don’t like the way they sell property.

I think the best way to describe him is the anti-spruiker. Is he over the top and does he generalise – you bet. Is that what we get from property spruikers, “win/win” investors and the like – absolutely. It’s a balance thing.

My whole point, which seems to have been missed, is that because I didn’t agree with your view you labelled me Neil Jenman in disguise and yet you now say you didn’t want me to conform anyway.

Healthy, vigorous discussion is one thing – but you seem to slip into insinuation when it suits you and then cry foul because it isn’t a healthy discussion anymore.

Bored now.

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March 8, 2005 - 3:51 am

Pelican – obviously the irony went straight over your head. I do not deride others opinions or their right to have opinions, much as I expect to be able to express my own opinions.

My issue (that appears endemic to this site) is the “conform to my view or you’re an idiot” or “conform to my view or you are Neil Jenman”. Is it because of the large number of wrappers who frequent here? Personally I don’t care about it as an issue, I have no opinion on it one way or the other, but wrappers are without a doubt the most sensitive group to perceived criticisms.

So because I don’t agree with you I must be Neil Jenman’s lovechild? By your logic you must be the product of a union between Steve McKnight and Rick Otton then?

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March 8, 2005 - 2:03 am

That’s not very nice Byron. It’s like me accusing you of being a morally bankrupt wrapper disguising your ripping off of the aussie battler with empty platitudes like “I create win/win situations”.

I believe we have already established that there are two separate views on this. We are all equally entitled to our views surely?