sounds like a fair arguement. would have thought 2 years a bit short. timing is anyones guess

cheers

although im loathed to reply to this topic. mini the references you are using ie richmastery, property seminars, api magazine – they sound a little unbalanced as far as reference material goes.

im guessing you also have a vested interest that the market goes up or you wouldnt be so positive. i think if we were on a forum board for shares there…[Read more]

maybe cgt is payed pro rata for the amount of time you rented it out..

just guessing

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why not make 100 offers 30 pct below the market and see what pops up. in melbourne (docklands area) i have heard of investor groups, say 10 people each putting in 100k, and they basically have registered themselves with all the local realesate agents waiting for fire sales. aparently
there have been the occassional bargain ie 30 pct reductions,…[Read more]

primary place of residence

you’re alright westan – i heard its easier to win the lottery in new zealand.

i work on st kilda rd – and can tell you sth yarra and prahran have lots of vacancy signs outside. also driving around templestowe and doncaster, fitzroy etc lots of ‘for lease’ signs.

2 years ago i cant really remember seeing any ‘for lease’ signs.

g’day muppet. i think yr trying to say that picking if the market is going to bust is had as trying to pick the winning lottery numbers.

i think you’ll find the odds are a lot shorter..

surely investing a little more complicated than that…

ps – im sure you just being faciscious (spelling)

he he
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hi ms elvis – if youre in a hurry then yes interest only seems to fit your purpose. my only advise is that even though a p&i loan will affect your servicability and therefore your ability to purchase more properties sooner, there is also the issue of what is the best strategy in the current climate. i know sometimes i want everything ‘now’ and…[Read more]

g’day ms elvis. its up to you. many people like interest only loans. however in the current climate (hot hot hot) alot of people reckon P&i the best way to go as better of building some equity. depends on your penchant for risk.

thanks for the advise del. good to hear yours working out well. cheers

g’day ms elvis – i think minis returns are not quite the norm – good on her there seems to be good deals in nz. yours sounds about right.

keep rockin

re: david shwirmer site. he must be taking a break from taping ‘friends’. good to see hes diversifying

thanks mini for your post. i really think this helps provide some perspective. it took some courage. although with the returns you were mentioning sounds like your on a sure thing anyway.

please let us know how you go

thanks westan

hundreds my exageration – but 30-40 seems about right. i checked realestate.com.au rentals and rang a few agents.

will let ou know what i find

cheers

g’day – i noticed when scanning the net that traralgon seems to have quite a few ‘close’ to +ve cashflow properties. ie sale price 70-90k with promises of 140-160 per week returns. this really sparked my interest until i also did a search on houses for rent in the same area and discovered that there are hundreds of houses looking for tennants.…[Read more]

guilty as charged.

i just think that amongst all the great success stories, they need to be temepered with some stories, ideas of what could go wrong. im sure some posters, myself included, are playing the devils advocate to a certain extent. this will make people feel uncomforatble.

personally i thank some of the posters especially ‘westan’…[Read more]

g’day all

hi mini. youre friend whose a grain trader. i probably know him/her!!! gotta name??

im a trader also hence i know a little about markets and the way they work. im probably too negative though due to some of the experiences ive had being a trader.

i agree with you. i guess the point is always being in a position to change. if you over…[Read more]

thanks sooshie. the fundamental thing is diversification. if you hedge your bets you cant go wrong. from what im reading on the forum most people are diversified but only from within the one asset class – ie property.

g’day richmond – its a great goal to have – one i would also love. the problem is what if everyone had the same goal. who would…[Read more]

g’day – it is my experience that real estate agents will try any ‘technique’ to get a better price for their principals ie the vendor. being economical with the truth is a standard negotitaition skill.

to be a good negotiator you need a healthy dose of paranoia and cynisism. its always important to ask yourself, who is making money from this deal…[Read more]