https://www.propertyinvesting.com/members/attrill/activity/ Activity feed for attrill. Mon, 06 Apr 2026 03:46:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 61cc514926d7c7f332a99af71f9a330f https://www.propertyinvesting.com/topic/4394994-making-an-offer-whats-the-rule-of-thumb/#post-4597054 Thu, 01 Jan 2009 01:00:57 +0000 It's all about motivation. Find out how long the property has been for sale for and how much they paid for it. I have offered $260K on a place that was bought for $280K two years ago, but the vendors have done all the paperwork to sub divide the block and all I have to do is the sewer and electrics within the next three years and I have a free (or…[Read more]

]]> cfe59b626f6624be27c36c4ca875a7e0 https://www.propertyinvesting.com/topic/4394882-new-stage-will-it-devalue-my-investment/#post-4596432 Wed, 10 Dec 2008 07:54:23 +0000 Could you get together with other owners of the big blocks and petition the council to allow rezoning to a higher density?

]]> 7730c44b1e4454d531e45cffc80a680c https://www.propertyinvesting.com/topic/4392726-seminar-mark-rolton/page/3/#post-4584776 Fri, 28 Nov 2008 23:28:00 +0000 Matt you have to be one of the sanest people on here. I wouldn't call myself a seminar junkie, but I will go to a free info evening and watch a free DVD and it's amazing what can be picked up for nothing.There are only so many legal ways to make money out of property in Australia and everything else is in the packaging. What I have learnt at no…[Read more]

]]> 6e985d97a78d84c3ede15936afaf36bb https://www.propertyinvesting.com/topic/4392726-seminar-mark-rolton/page/3/#post-4584772 Fri, 28 Nov 2008 00:45:09 +0000 I watched the DVD that came with the last issue of Wealth Creator. All very inspiring, so I responded to the website and was called the very next day by a nice chap wanting to sign me up for the Gold Coast or Sydney seminars. I told him I was in WA and he assured me that there were graduates doing million dollar deals over here. 'Great', I said,…[Read more]

]]> 5779aa61e371941fbfd1ec2e07027937 https://www.propertyinvesting.com/topic/4394520-seminars-a-waste-of-time/#post-4594638 Wed, 22 Oct 2008 03:59:33 +0000 I just love the free taster evening which ends with the plug for the whole course. Some of the stuff I have picked up at those have made me heaps. It's also a good chance to bump into other investors that I only see at those events, and they all provide coffee and bikkies.Go to a few of those and read as many property investing books as you can…[Read more]

]]> e9ac0cc90d350638d27151c1812498ce https://www.propertyinvesting.com/topic/4394395-rents-going-up-rates-going-down/#post-4593848 Thu, 16 Oct 2008 10:37:20 +0000 Wasn't Scamp telling us earlier in the year to get prepared for interest rates over 10% ??

]]> 784745bf0a2eb1e2390a818ea68d6d99 https://www.propertyinvesting.com/topic/4393411-small-settlement-timeframe-whats-possible/#post-4588510 Wed, 04 Jun 2008 21:03:25 +0000 I did 19 days once on a unit from acceptance of offer to being cleaned up and having tenants in. It can be done if you get everybody to pull their fingers out.

]]> 282c0acb0f9762a5b37066a4a52e97bd https://www.propertyinvesting.com/topic/4393356-realestate-seminars-in-perth/#post-4588221 Thu, 29 May 2008 21:06:16 +0000 Start at http://www.iaspire.com.au They are local and have all sorts of materials, mentoring programs etc.

]]> 8b0f8f9779894b840ee2edc1fcd57706 https://www.propertyinvesting.com/topic/4393362-2-3-million-of-property/#post-4588232 Thu, 29 May 2008 20:59:26 +0000 $900,000 in equity doesn't sound like you have been doing it all wrong. How long would it have taken you to earn that? Are any of the properties in need of refurbishment that could bring the rents up?. If the cost of holding such a portfolio is uncomfortable could you just sell one or two to make you sleep easier.?Have you thought about a LOC to…[Read more]

]]> 8565184f4c4a837737e4e04e7d3ca33c https://www.propertyinvesting.com/topic/4393306-help-with-living-in-your-own-investment-property-smart-way-to-buy-your-own-home-for-people-that-can-not-afford-it/#post-4587996 Sat, 24 May 2008 23:31:08 +0000 You have a few replies to this over at Somersoft.

]]> 7d469b01d3295b6ea3b844c38e9a6bac https://www.propertyinvesting.com/topic/4393267-australian-property-investor-magazine-24-month-subsciption/#post-4587693 Thu, 22 May 2008 07:28:26 +0000 There you go Tony. Best offer in 2 days is $50. That's what the market is telling you it's worth at this time.

]]> e345e9c04fe97fad40fddd5d0f2e5c16 https://www.propertyinvesting.com/topic/4393286-premium-finance/#post-4587864 Thu, 22 May 2008 07:21:09 +0000 I would be happier to hear that comment if I knew that Aquarius had absolutely no relationship with Premium Finance other than as satisfied customer who has not been encouraged in any way to endorse them.

]]> 695845c425311582142f242baab1f7c8 https://www.propertyinvesting.com/topic/4393242-unit-renos/#post-4587585 Mon, 19 May 2008 04:26:08 +0000 Paint $500Floating floor $1500Blinds $1000Kitchen tops $1500New appliances $1500Lights $500New sliding door and window $2000Bits and bobs $500So for $10k I did a unit reno and then had it valued at $40k more. I did it all myself, but I have found unit renos to give more return on the $$. Just remember if it is a rental keep it cheap and cheerful.

]]> fa62a2022798a2331e47f657b0205e49 https://www.propertyinvesting.com/topic/4393253-innisfail-potential/#post-4587617 Mon, 19 May 2008 04:15:56 +0000 I worked there for a while and can tell you it's definatly wet

]]> 22f42f907fd9aed8aaa75b2d211519bd https://www.propertyinvesting.com/topic/4393124-composite-stone-benchtops/#post-4586468 Sat, 17 May 2008 02:22:56 +0000 I put Granite Transformation tops into a unit. Twice the price of laminate, but half the price of a granite top. Three years on I couldn't be happier. Still looks great and well worth the price.

]]> b4fac5ac1db12eac2a343664dc263a09 https://www.propertyinvesting.com/topic/4393215-the-truth-about-the-australian-housing-market/#post-4587479 Fri, 16 May 2008 23:13:54 +0000 I have 2 loans fixed at 6.65% until 2009 when they will revert to the prevailing rate. In the last few years the rents have risen to a point where these properties will still be cash neutral. This is more a case of luck than astute financial planning.If we do see a big drop in values (prices), it will be as many more houses are on the market due…[Read more]

]]> a6c55d6bd5b0ebba474961c631acd211 https://www.propertyinvesting.com/topic/4393225-do-i-go-guarantor-for-my-husband-1-yr-only-help-help-help/#post-4587531 Fri, 16 May 2008 23:01:38 +0000 Well done Scamp. Some of the most sensible advice I have heard in a long time.LLCW, I sympathise with your situation, I wish you well.

]]> b102e55d3a86105a53f4adfdaa78c90b https://www.propertyinvesting.com/topic/4393107-moving-to-australia-and-looking-to-invest/#post-4586416 Sat, 10 May 2008 08:28:20 +0000 I think that what you will find when you move to WA is that lots of the guys working out at the mines already have investment properties and they will be happy to share their experiences with you. Also there are always free seminars coming up. These are usually held over one evening and are often just a taster for a more expensive course. Ho…[Read more]

]]> ee205edcb734e78cd568f4116434762b https://www.propertyinvesting.com/topic/4392945-apartments-leased-to-hotel-groups/#post-4585838 Sat, 19 Apr 2008 11:12:32 +0000 i had one for a few years as at the time I was away a lot and the "hands off" approach suited my style. They can be restricting as the rent is controlled and there is no way you can nip in and do a quick renovation. I sold it for not much more than I bought it for and put the money into a unit that I renovated for a nice capital gain as I was…[Read more]

]]> 8d9a6872dfc4a5a32d8d87f6b7cffbba https://www.propertyinvesting.com/topic/4392086-chan-and-naylor-accountants/page/3/#post-4581561 Sun, 09 Mar 2008 23:44:59 +0000 I paid to see Ed Chan and Micheal Yardney at a seminar last year. I paid $75 for it and also bought books by Ed and Micheal, costing another $50.The new ideas and perspectives I gained would have netted me $100K so far, which is a pretty good return on investment. I have no issue in paying for advice as at the end of the day it is up to me whether…[Read more]

]]> 31a8fc55ab2935891fb7f91b9c4a5fe0 https://www.propertyinvesting.com/topic/4392267-laminate-flooring/#post-4582525 Mon, 18 Feb 2008 01:26:37 +0000 I put the click together stuff down all through the kitchen in an apartment. I had been told it would swell up if I got it wet, so I left an offcut in a sink full of water for 24 hours with no apparent effect. I had the accoustic foam down but still had complaints from below, so I have since had to put some rugs down as well.The body corporate…[Read more]

]]> 8a16dd65cb8508c4093894a691c27402 https://www.propertyinvesting.com/topic/4391510-tax-right-off-holiday-property-investing-in-nz/#post-4577719 Thu, 22 Nov 2007 02:14:02 +0000 This is interesting. I hope we get some more posts on this.My view would be that if you were already an investor, making taxable income from buying and selling property, then a business trip purely to look at potential property, backed up with evidence in the form of appointments with agents etc would be deductable.If however you were just…[Read more]

]]> 4b3a3b0c0e216c0c2f05a5a6bd7e9a00 https://www.propertyinvesting.com/topic/4391414-perth-specialists-victoria-park-please-help/#post-4577090 Mon, 12 Nov 2007 02:41:47 +0000 I would hang on if at all possible. The underlying economy in Perth is still strong and Vic Park is a great spot. I sold a unit in West Perth a year ago as it had gone from making me $50 a month to casting me $50 a month. I could have sold it now for $60,000 more but gave it up for $600.Such is life and these experiences all go towards making…[Read more]

]]> ff97ea2ae81f3f0fadf0ee77f713d1ab https://www.propertyinvesting.com/topic/4391205-property-manager-in-perth-mt-lawley-area/#post-4576147 Fri, 26 Oct 2007 01:47:13 +0000 Try Caz Van Der Put at Centrepoint Realty in East Perth. She looks after some properties for me and has been excellent.

]]> ea1d959a731c29bb9af1ea21db24f405 https://www.propertyinvesting.com/topic/4390679-save-1-billion-dollars-plus-with-a-single-cut/#post-4573380 Fri, 14 Sep 2007 01:02:46 +0000 Oh and try renting a car without a credit card…..

]]> 685a523c56f776e1e21910f8e300b435 https://www.propertyinvesting.com/topic/4390679-save-1-billion-dollars-plus-with-a-single-cut/#post-4573379 Fri, 14 Sep 2007 01:00:05 +0000 It's true that the poor work for their money, and the rich have their money work for them. Credit cards are great if used wisely. Mine has a 17% interest, but a great frequent flyer program.Wait until the day a bill is due then pay on a credit card. Wait until the day the credit card is due then pay it off in full. The difference is amazing, but…[Read more]

]]> 7e61a6f5d1b8af76df3b050601285849 https://www.propertyinvesting.com/topic/4390722-investing-in-hotel-room-any-experience/#post-4573849 Fri, 07 Sep 2007 01:11:21 +0000 It depends how involved in property investing you want to be. I had one for a few years as I was away a lot. As the capital growth depends on any increase in rental, I sold it when I had more time and I wanted property that I could affect the income yeild and capital growth of, by improvements, etcI sold it and made a profit, but mainly because…[Read more]

]]> 91fc2639067954384e817f336bbaea91 https://www.propertyinvesting.com/topic/4390608-goverment-to-remove-tax-benefit-from-ip/#post-4572957 Wed, 29 Aug 2007 08:41:47 +0000 With 65% of pollies owning negatively geared investment property, I can't see them all voting to remove the tax breaks. The last time they tried it was a disaster and took years to recover.The above post is correct – remove the tax breaks, the investors get out of the market, resulting in far more people looking to the government to house them.…[Read more]

]]> 373069589a2f312df68be122faaf7d5e https://www.propertyinvesting.com/topic/4390577-kitchen-benchtop-renos/#post-4572780 Wed, 29 Aug 2007 08:26:41 +0000 Three years ago I got Granite Transformations to do the bench tops in a unit of mine. The cost was double that of new laminate and half that of proper granite. It still looks like new and was well worth it. It has been a rental for the last two years and being able to put hot pans on it and cut on it makes it a sensible option. For not much extra…[Read more]

]]> 4cc7157c22028bcb06e87ba4292e5255 https://www.propertyinvesting.com/topic/4390413-negative-gearing-bad-advice-from-friends/#post-4571833 Sun, 19 Aug 2007 01:09:05 +0000 Mainly for asset protection. It depends how much you are worth and whether you are in an occupation where you have a high risk of being sued for your personal assets. It's a huge subject, but if you buy the Australian Property Investor magazine, there is a section at the back where all sorts of books on the subject are available.

]]> 0097d6e788a1a2c071623f602767c274 https://www.propertyinvesting.com/topic/4390404-value-add-returns/#post-4571795 Wed, 15 Aug 2007 08:51:43 +0000 It all depends on how you spend your dollars. You can spend $5k or $25K on a kitchen or bathroom and not see much difference between the two results. If you buy tiles and taps from the auctions, get the cookware from a seconds shop, (still with warranty, maybe just a damaged box) and do a lot of the work yourself, you will be surprised how much…[Read more]

]]> c9ec09779900e4bdcbe62783ff459541 https://www.propertyinvesting.com/topic/4390413-negative-gearing-bad-advice-from-friends/#post-4571830 Fri, 10 Aug 2007 01:40:17 +0000 I went to an interesting talk by Brad Sugars , whose strategy was to buy a few low growth, positive cash flow properties and then use the income on these to fund the loss on a negativly geared, high growth property. Set the whole thing up through a trust structure to be self supporting, then go and start again.Personally, I have a mixture of both…[Read more]

]]> abb234156d8802389a739f4fde5b4312 https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/#post-4571480 Wed, 08 Aug 2007 01:44:23 +0000 I didn't mean it is good if you are in the same situation, I meant to say I feel better that I am not the only one.

]]> 3c9c18326f6f9371433bc8f24f1a3e2e https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/#post-4571479 Wed, 08 Aug 2007 01:42:24 +0000 Up until I married three years ago I was buying two properties a year. Since then I have bought none. I have a shelf full of books on property investing and wealth management and I tried to get my wife to tead "Rich Dad Poor Dad" but she wasn't interested.To her our best investment has been the $35000 4WD that she just had to have. At the moment i…[Read more]

]]> f5fa5e05e9da9865fe38025dcb7cd2f7 https://www.propertyinvesting.com/topic/4390413-negative-gearing-bad-advice-from-friends/#post-4571821 Wed, 08 Aug 2007 01:25:11 +0000 Just go and read a couple of books which go down  the negative gearing route rather than positive gearing route to even things up and then make up your mind. Jan Somers is good has written some good ones.  Whilst you are getting such good growth and if you have a high tax bill I have to agree that you don't have much to be too unhappy about.

]]> 6d64957282ead881db722b5660abb10e https://www.propertyinvesting.com/topic/4390307-11-second-solution-16/#post-4571188 Wed, 01 Aug 2007 01:18:49 +0000 Personally I read every book on property investing I can get my hands on, whenever it was written. Another I would recommend is "Building Wealth Storey by Storey" by Jan Somers. She collected a range of stories from all sorts of people and also a couple of horror stories. It's good to see just how many different ways there are to go about creating…[Read more]

]]> ce0094c8dea5a625a6fbab0537ae64ce https://www.propertyinvesting.com/topic/4389798-how-many-ips-do-you-have-2/page/2/#post-4568774 Mon, 30 Jul 2007 03:04:53 +0000 This has been a great topic. How about a post from Steve McKnight?MePPOR Bought $465 Value $900IP Bought $110 Value $400IP Bought $103 Value $280IP Bought $310 Value $600Pretty much cash positive now..

]]> 94bac8e20c94e2ebf3aeaa70762ae779 https://www.propertyinvesting.com/topic/4390307-11-second-solution-16/#post-4571186 Mon, 30 Jul 2007 02:41:25 +0000 I went back and read Steve's books again and they are very much of their time, and the market Steve was talking about in "0-130 properties in 3.5 years" is very different to the market today. Also the market in a small mining town would be completely different to say Perth, where a cash positive property would be very hard to find off the shelf,…[Read more]

]]> 9f4577c30132bf8bfe924f8ddad8c86e https://www.propertyinvesting.com/topic/4390323-bulk-purchases-2/#post-4571283 Mon, 30 Jul 2007 02:32:30 +0000 Like anything in life, everything is up for negotiation. You would have to try and find out how motivated the vendor was. It might be that you are buying the first 10 in a big development and the developer needs the sales in order to get the finance. On the other hand the developer may be getting so many cash offers for his properties he would not…[Read more]

]]> bf02c8a4b914ea4dfa7fdebad8e674fa https://www.propertyinvesting.com/topic/4390141-perth-property-mandurah-property-north-west-property-where-to-start/#post-4570399 Tue, 10 Jul 2007 02:47:13 +0000 The reality is that if you want to buy a property in WA you will be borrowing over $500k. There are a lot who say the resourse boom is over, but if you work in the north west you will already know from the ammount of projects planned up there that there are years left in it.Karratha is still a good place to have property. Just try to get a hotel…[Read more]

]]> 8f0ac725ff0964b2ee3015c55587baf9 https://www.propertyinvesting.com/topic/4390144-the-investors-club-6/#post-4570405 Tue, 10 Jul 2007 02:33:42 +0000 What does your uncle suggest?

]]> 4f481905a9d889bd771ef050d7b08bd9 https://www.propertyinvesting.com/topic/4390099-perth-accountant-4/#post-4570080 Tue, 10 Jul 2007 02:31:28 +0000 Thanks for the advice. From the number of replies I presume most of the readers of this forum must be based in the eastern states.

]]> 9ff2a27980131b9522788b5412cd1079 https://www.propertyinvesting.com/topic/4389389-unit-renovations/#post-4566787 Sat, 12 May 2007 22:33:45 +0000 I have a unit that is in a complex with no shared laundry. I found that a washing machine that saves time and effort for the tenant to be well worth the money. An extra $20 a week will soon pay back a second hand (tax deductable) washing machine and may turn a negative cashflow property into a positive one. In my experience all the white goods are…[Read more]

]]> 0456f519912804cdf4b66e41d888465d https://www.propertyinvesting.com/topic/4389445-doing-it-reno-king-style/#post-4567059 Wed, 02 May 2007 00:39:51 +0000 The RenoKings have certainly found their niche. I haven't been to a seminar but I got some great ideas from their book. It helps that they were both in the building trade and would be able to make very quick assesments of a project before calling a professional to look at it. They are quite open about the ammount of property they now have…[Read more]

]]> e88b4b76ba6fc5429a994c20d07d247b https://www.propertyinvesting.com/topic/4389439-a-double-murder-house-cheap/#post-4567015 Wed, 02 May 2007 00:23:59 +0000 I just got back from the UK and stayed at a friend's place that dates from 1200AD. Wonder how many people have died in there?? Also in the UK the West's house was demolished (but victims had been buried underneath) and a McDonalds in th US was demolished after a shooting spree. Sorry to sound morbid, but I think it would be many years before eno…[Read more]

]]> 6d5212758a801148420c3c3ca9d02ecc https://www.propertyinvesting.com/topic/4389439-a-double-murder-house-cheap/#post-4567013 Tue, 01 May 2007 08:14:43 +0000 Perhaps if it sits around for long enough you may get it for less than land only price, then knock it over and start again.

]]> 00a3ee58ee6770407427f29a6b25c336 https://www.propertyinvesting.com/topic/4389442-property-manager-renting-our-property-for-price-less-than-discussed/#post-4567050 Tue, 01 May 2007 05:44:52 +0000 Another thing worth mentioning is that any extra rent also increases the value of the property for lending purposes. It may not be that much in this case, but could be just enough for a bank to decline a loan application for your next place.

]]> 069dd6a783201062121a534bef2cac24 https://www.propertyinvesting.com/topic/4389389-unit-renovations/#post-4566780 Tue, 01 May 2007 05:30:03 +0000 One for juder. The company I used was http://www.granitetransformations.com.au It's a franchise so you could email them and see if they are in your area. They came round and gave me a quote the day after I called them. On the white goods issue, I once heard of someone who replaced the white goods in their own house with new ones, and put the old stuff…[Read more]

]]> 544fb54a3ccee50b122198d8ca9e4e8f https://www.propertyinvesting.com/topic/4389022-any-idea-of-the-cost-to-fill-a-pool-in/#post-4564846 Sat, 28 Apr 2007 04:52:55 +0000 Please don't take this too seriously, but I heard of a guy who was selling a property, but had the problem of a big hole in the backyard from an unfinished pool. He also had two car wrecks at the front.  After some thought, the cars went into the hole, cutting down the ammount of fill needed and the need to get the cars moved,  the house got so…[Read more]

]]> 81fdd45f7434656ff1806173e47680b5 https://www.propertyinvesting.com/topic/4389389-unit-renovations/#post-4566775 Sat, 28 Apr 2007 04:36:14 +0000 It was only a small area, and I found that the granite facing was twice the price of a new laminate top, and half the price of a stone top as I said. It ended up costing $1000, but I had a choice of colours and was well worth it. I renovated a 2 bed unit. I spent $12,500 and then had it revalued at $40,000 more. At the time I didn't know of Ken's…[Read more]

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