[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

November 3, 2004 - 3:46 am

I think that what Paulusi is stating is that while she acknowledges the 2 properties will “probably” appreciate in long term, she feels that the money would be better off in cheaper properties that will make money (i.e. CF+ve) from day 1.

Am I right Paulusi ?

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

November 1, 2004 - 4:13 am

Have you read Steve’s latest book ? This looks like a classic example of not “meeting the market”. Have you considered identifying the reasons why the property is not selling ? And then coming up with an action plan to “remove” those reasons ?

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

October 29, 2004 - 2:20 pm

I think Lucifer’s suggestion is a very sensible one for your situation. It sets you off at a nice slow pace. One where you can learn without exposing yourself to too much risk too fast. And you can always speed up the process (i.e. more risk but potentially higher returns) when you are more confident.

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October 29, 2004 - 2:11 pm

Steve does talk a bit regarding this topic in his latest book. Suffice to say I think it’ll help you along, jarmbie.

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October 29, 2004 - 2:00 pm

I agree with pr. I live in Melbourne too and there’s nothing but bad news coming from the inner city apartment news. But if you really want to, make sure there something unique or special, such as designed by a famous architect.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

October 29, 2004 - 1:52 pm

Have you considered looking at areas further from where you live ? Even flying to other states ?

I understand it can be daunting at first but treat it as a working holiday …

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

October 29, 2004 - 1:42 pm

LOL g7 ! …

But seriously, LT64, you OWN your own home and earn 90k/yr which is much better off than most who are starting out like yourselves.

I wouldn’t worry at all about finance …

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

September 17, 2004 - 12:12 am

Yes, the property market is slowing quite drastically and you can see falling SALE prices everywhere. Ignore the listing prices as they tend to lag behind reality for a while.

The slowdown has impacted this forum somewhat and I do notice that the forums are a lot quieter these days. Hopefully the downturn won’t last for more than the 5 years which most of the experts seems to be quoting.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

September 4, 2004 - 2:29 pm

If you take a long term view, Melbourne’s Western suburbs will be where the most growth will take place (if it isn’t already).

First home starters are just about priced out from the East. For land that you are talking about for $100K, you’ll be looking at 1 – 1.5 hrs drive east of the city. Whereas in the West it’ll be half of that.

In short, I feel that CG will be much higher % wise higher in the West then the East.

But, to be open about it, my views may be biased as I live out in the West. But I am happy to report that my PPOR has doubled in value in 1.5 yrs … [biggrin]

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

September 2, 2004 - 8:13 am

For more details, here’s her official website …

http://www.laurabranigan.com/

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 31, 2004 - 2:57 am

Originally posted by SteveMcKnight:

Hi,

One of the soon to be released additional features of this site is a system whereby people who know of deals can advertise them within strict guidelines which includes giving an initial outline of the numbers.

This is will be a paid service (something nominal, say $20 per deal) for the person submitting the advertisment. Alternatively people can subscribe (another nominal quartely fee) for a priority access service where they are notified every time a new deal is posted to the site.

I hope to have this released by the end of the month.

Stay tuned for more info…

Bye,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Steve posted this in Jan. Can’t find the section on the website though. Did I miss something ?

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 31, 2004 - 2:54 am

Talking about sheep, do you know which country has the most sheep in the world ?

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 30, 2004 - 7:49 am

For all you 80s fans out there …

In case you did not hear, Laura Branigan has passed away.
May her songs live in our hearts forever …

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 30, 2004 - 2:53 am

I recently did some research on the best card which suits me – top rewards system and always pay off everything on time. Found that Citibank was the best, closely followed by Westpac Altitude. I use Altitude which isn’t too far behind Citibank so I decided to stick with them.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 27, 2004 - 7:02 am

I use Hocking Stuart and they are very good. PM me if you want to know specifics.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 25, 2004 - 8:26 am

I’m in the IT industry but slowly moving into the Property Investing industry …

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 24, 2004 - 11:50 pm

Hi Jo,

You are absolutely right on your point about the Sales and Rental being 2 separate entities.

However, the more up front agents – when asked about the expected rent – will give me what he thinks is the expected rent, but will add that he/she will go and confirm the figure with the Rental department and get back to me.

Whereas, the other type of REA will just pluck an attractive rental figure out of thin air and never bother to go check with his Rental team.

All I am saying is that having such a clause added will ensure that the REA has done his due diligence when providing expected rental figures to the buyer.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 24, 2004 - 9:07 am

Well, its 7 pm now and I’m still in the office working.
And I’ll prob continue at home on my 2nd job.
So work about 12 hrs a day on average.

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 24, 2004 - 9:01 am

Originally posted by emcdonald:
However i think it’s a great idea for investors (perhaps not neccissarily for us REA) as a way of protecting your interests in the property transaction. I have had offers though which stipulate that the existing tennant must be renting the property on the settlement date.

I asked some of my other colleagues if they had similar experince in the “subject to $x dollars per week’clause but none had. Whilst it’s not common i think it’s a great idea and it’ll test out whether the agent is committed to selling the property – get them working harder for you.

Yeah, I think its a great idea too. I’ll definitely try to put it in when I buy my next IP without an existing tenant. Its really good when dealing with “slick” agents who try to overquote the expected rental when asked by the buyer.

When I look at a property, I’ll do my research and have a pretty good idea for the expected rental beforehand. But I still like to ask the agent and see if he tries to pull a fast one on me … [cap]

[bennidoParticipant@bennidoJoin Date: 2004Post Count: 195]

August 24, 2004 - 3:50 am

I just came across a new Subject To condition in a post by Jetdollar.

It was for a owner occupied sale and he included a “Subject to Tenant @ $160pw”. I assume that means that the sale will only proceed if the agent can find a tenant at that rent.

This is something I have never heard of and quite creative in my opinion. Is it just me being ignorant ? Is such a condition common and agents are receptive to it ?