G’day Azrael…

There are a number mistakes, and as I see them…

(1) Don’t buy “off the plan”…. Anywhere!!!!!

(2) Don’t buy a unit in Sydney today.

(3) Tell her to leave her Mothers House alone

(4) Look for a bank with Integrity.

I am sure you mean well…. but the Sydney IP Market is looking a bit sick at the moment and it sounds to me…[Read more]

G’day Damian…

Geez and I thought I took risks!

You asked for “creative Financing”… bloody hell you need JC himself to pull this one off.

Time is not your problem… You appear to be biting off far more than you can chew Damian. There is no way that you can expect to make a lousy $30k on a $240k purchase… that’s just 10%. I would want at…[Read more]

G’day Kenshin…

You didn’t deserve that sort of a welcome. Are you having a bad day PeterM?

Hang around Kenshin there are a few helpful guys/gals on this Forum. We rarely agree so you are bound to get a range of ideas.

Have you considered setting up a trust? Then you are your own tenant, with a $480k mortgage. Obviously get legal advice…[Read more]

G’day Sue…

Whaddya think it means? R/E = -20%+ most areas.

Like I said in September, been over for months. When you can sell a BSS for $25k it’s gotta be over.”Fatboy” Paul is even getting emails today!!

Remember: that post in late September?

“Extraordinary Delusions & the Madness of Crowds”

Nothings changed since Tulip Mania,16th Century…[Read more]

G’day Shirley…
You are right… but that’s the old REIA scale, some may still use it though.

Negotiable these days and you should be able to getit done 2 to 2.5%.

Luckyone… that would not be right. You will pay more of course on a dearer home.But unless the guy with the dearer home is a bad negotiator, the overall commission scale should be…[Read more]

G’day… Westan & Mini

Apologies, you must have the same colour Stars?

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Lynchy…

An Agent?

Won’t hold that against you as I was for 30 years.
You wouldn’t have got my services at 2% though.

Agree with all you’ve said for a “Good Agent” but we both know that more than half the Agents aren’t worth feeding are they?

If I get started you won’t stop me…so i’ll quit while I’m ahead… Do you want to see some…[Read more]

G’day Malachii…

I’m not sure if the tribunal can give you the power to have the tenants salary garnisheed or not. I have taken a tenant to the small claims court on behalf of a client and received $x per week for 2 years paid by his employer directly to my Agency.

Check with Mel or the Tribunal to see if you have the power to garnishee…[Read more]

G’day Mel…

Canberra has a mind of it’s own and tends to go to extremes. I think that this well become less so in the years ahead.

I’m sure you know the units at Hawker… While you’re in the area drive past our first home
9 Goodparla St… $50k 1972. Just to make your day drive past Nevada, Pasedana & Arizona near the Watson shops… had a…[Read more]

G’day Chambo…

Be very careful in buying property from any “Marketing Group”. I will even go so far as to suggest you avoid them completely.

They are a marketing machine with a lot of people to be paid and almost without exception you will be paying, maybe 20% more than the property is worth. If you must do biz with them, get your own…[Read more]

G’day Ricky…

I replied to you earlier and said to Buy your own home first…and keep it…..Buy IP later.

Your opening sentence also suggests to me what you would “really” prefer to do. I don’t make all my descisions based on the Dollar and feel that security of tenure plus all the other ++++ are worthwhile and of course CG is tax free one…[Read more]

G’day Westan..

At 50/50… yes… both ways

At 20/80…no

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Rickyw…

You’re all over the place…

Buy your own home first.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Rickyw…

Horse before the cart.

House to live in first… and keep it.

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Mel…

[?]

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Paul….

Diversify

Send me half and I’ll write options for you?

Cheers

Bill
ps I want 20% of profits

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Shirley…

Where you been?

Yes the interest is tax deductible.. no ifs buts or maybes.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Paul..

Longtime no G’day!

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

G’day Sue….

It is obvious to all that witnessed the terrible roasting that Kay gave “Sadie”, that Kay is now trying to play it down. Not good enough Kay!

Sue, I have to tell you that Kay really got stuck into “Sadie” and feel she may need to talk to another “girl”.

If I was “Sadie” I would moderate Kay outa the joint. She probably will when…[Read more]

G’day Steve…

Get in touch with David Paxton 007 in Adelaide,
Im sure he’s got some answere for you

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au