[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

September 24, 2009 - 3:37 am

AlexGates wrote:

Hi,

There are many good books on the market.

As an active real estate investor, I suggest one that shows a series of advanced strategies and practical step by step techniques on how to succeed with real estate investing based on easy to follow instructions and weekly tasks. If you'll follow – you will succeed.

Here is the link: http://www.RealEstate4Profit.net/

To Your Success,
Alex Gates

Geeee not a half obvious spam…zzzzzzzzzzzz

Joker….why dont you just be honest rather than making up users and replying to yourself…ha ha ha

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

September 7, 2009 - 7:30 am

Wow what a toxic thread-lol the scammers wonder why so many people want to run for the hill when ever anyone hears the word scamway, or a pyramid scheme such as this.

The proof is in the pudding-look at how many one post 'members' have posted in this thread. Its a joke, its either the same person or a heap of scammers trying to push the bucket. Either way bugger off and go peddle your scam somehwere else….we are buying and selling property, not snake oil.

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

September 1, 2009 - 10:27 pm

Ive been very close to signing on a few, but thinking logically-there will be more downward pressure than upward, so not in a great rush. Cant wait for interest rates to go up a couple of %

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 7:37 am

lol buggered if Iknow what happened??

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford such jumps with interest rates

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford such jumps with interest

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford such jumps with

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford such jumps w

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford such

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to afford

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be able to

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might be

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

might

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 25, 2009 - 4:55 am

My opinion…its out of control!!! When you have properties bought for $386k in 2006 sells for $610k 3 years later-up nearly 60% in 3 years…well I just dont know what to think….crazy!!!!!!!!

People

[blogsParticipant@blogsJoin Date: 2005Post Count: 418]

July 16, 2009 - 10:32 pm

The reason I ask is becasue I have been to two opens for properties due to go to auction-both quoted at being around 5-550k, I have a bet with my wife that they will both go over $600k. If we can get either for under this price I will be happy.

Hence my question-is it now just a generally accepted rule that the final price will be 10% on top of the upper quoted limit?

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July 16, 2009 - 10:27 pm

Digger,

I have been 'out' of the market for the last year or so, trying to save up some money and hopefully wait for the market to cool off a little. I have been absolutley AMAZED at the levels of buyers still out there, just amazed!!!! I suppose money is CHEAP-hell anyone can now afford a $600k house, $45k from the government, a year or two of saving and bang there you go, a nice flash house for a little more than what you are paying in rent….

Maybe I should start looking out of this bracket and move up into the $700-$1m bracket……

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July 16, 2009 - 10:10 pm

Scott No Mates wrote:

blogs, there are 2 sides to this one, if the agent provides a guide for an auction and it is seems to be wildly wrong because it goes 20-30% over the guide is it the agent's poor guide or was it due to the agent creating a highly effective marketing strategy and allowing market forces to decide? Should the agent be fined by NSW dept of Fair trading for underquoting (as it often does)?

Scott I would hope that every property a agent puts to auction involves using a highly effective marketing strategy, otherwise whats the vendor paying thousands upon thousands for? People need to remember these guys have their finger on the pulse better than ANYONE, they are well aware what a property is worth, and what it will most likely sell for. this is their job, every single day they are listing, selling and feeling demand…they know. To consistantly have properties sell at 10-20% over their advertised upper limit is just plain wrong. Really what should be happening is the sales should be somewhere in the middle of the price range, only reaching the upper or lower in extreme situations.

Scott No Mates wrote:

The otherside of the coin, as an investor and reader of this forum, how many times have you seen someone comment that they have picked up a property 'under market value'? Was that due to good negotiation on the part of the investor, a need to dispose of the property by a distressed vendor, a mistake by a poorly informed agent (insufficient research but still convinced the vendor) or even inadequate due diligence by the investor (may have missed sewer across the block/proposed highway bypass next door or other problems)? Do investors/purchasers complain about a 'bargain' or only about the bargain which was a money pit?

For the most part I dont pay attention to these people-I think they are mostly deluded if they think they bought under market value. What they paid is market value simply becasue if they needed to sell it straight away what would they get?-pretty much what they paid for it, and most likely not their 'percieved' market value. Just as if something is quoted to cheap and sells for 20% over-the market decided what its worth. This isnt my gripe though, my gripe is they are more than capable of quoting within a realistic range, yet they dont.  That said, I would bet my last dollar far more sell over quoted than under….

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July 16, 2009 - 10:00 pm

diggerdigzit wrote:

Fair enough Blogs, I hate shonks as well,on this we both agree wholeheartedly  but i do get a little worked up over the whole RA are all no good. Shonks are in all walks of life and, like you, I believe they should be sent to hell in a handbasket ( again, a silly saying, but you geddit).You can rest easy in the fact that my wife thinks the same about me as you probably do right now. lol.

I bid you good night and hope to catch up again. This is what public forums are all about.

Now, wheres my Bourbon?

No drama mate, thanks for offering another point of view. 

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July 16, 2009 - 12:09 pm

diggerdigzit wrote:

Blogs, this could go on all night, and that's alright I have plenty of Bourbon and cigarettes,

lol well there yer first problem-bournban…urggghhhh get the man a good scotch!!

diggerdigzit wrote:

As for the time wasting, that's a bit rich, do you know how many people think it is okay to waste a RA time, make them show them property when they have no desire at all to purchase on a Sunday night. I will tell you, 9 out of 10 people do it. That's the figures back in my day anyway. so too bad brother. Swings and roundabouts my friend.

Have to dissagree-this is what you/they are getting paid for….

diggerdigzit wrote:

And again your analogy with the Beemer is a bit far fetched, and if you own one ..too bad a second hand one is probably only worth 30K..damn that prestige car tax. Touche, balls in your court.

all this typing , my fingers are hurting. 

Nah not me-I drive a little bomb, would rather use the money to buy another property. Look my main problem is this-seemingly incompetance/shadyness which has led to my time being wasted. It takes time scrolling through properties, making shortlists, running property reporst etc. What I dont need is to look back a day later and see the price has changed by $100k-just get it right the first time. $100k is a pretty big jump-20%….whats the point of even using prices-why dont they just say 'turn up, make an offer, buggered if we know what its worth'?

Anyway sorry if it seemed I was attacking you-not at all, just sick of shonks in this world.  I dont mind paying, but if they are going to quote a price then I would at least like it within that ball park…