Cabo Wabo

Give em the impression u know what u are doing, that u have good finance, that u are prepared to purchase if they are…[Read more]

Cabo Wabo

In 1990, the average person earned $24,440 (ABS), the labour force was 7.9 million and the total mortgage debt was $78 billion.

In 2006, the average person earns $42,500 (ABS), the labour force is 10.1 million and the total mortgage debt is $780 billion.

At 16.35% in 1990 (and remember very few people actually…[Read more]

Well, there u go, u guys were right. Bloody Johnny Howard and the tax department huh?

Cabo Wabo

I’m in Perth. When i model purchases in excell, i put in 18% of rent as the overall management fee.

Personally i want nothing what-so-ever to do with the tenant side of investing, so its an annoyance/serious grievance i have to put up with.

Cabo Wabo

I see as yet no-one has replied to my ideas a few pages back regarding the differences between Perth’s situation and that of Sydney…..

If my ideas don’t hold…[Read more]

Cabo Wabo

Cabo Wabo

Cabo Wabo

I wouldn’t buy there for all the tea in china. My mates have all left and don’t think there’s much future in the…[Read more]

He didn’t feel he was ripped off as i gave him a reasonable price. He was very…[Read more]

I can definately see where ur passion is. As for me, for the past 9 years i’ve driven 308 HZ Prem. She’s a beaut. A real sharp runner. Very clean, very straight. i’ll never sell her.

i’ll get back to you guys in the near future regarding my thoughts on the effect of the investor spread in bottom of Perth’s market.

I’ve…[Read more]

Could you please restate your previous post as you lost me a bit. “Knock down buzz?” and … where was it that people were buying 10 or more proerties because they could only offord it there?
Walk me through it mate?

PS, what does ur Alias GMH454 mean? Have u got a big block Torana or something?[exhappy]

Cabo Wabo

What ur saying is be very carefull of the suburbs where prices have been driven primarily by investors.

You believe those suburbs to be careful of are the lower end of the scale as opposed to the middle tier suburbs. U are saying that in sydney there was a larger proportion or investors in…[Read more]

Cabo Wabo

By the way, I have a question:

I was under the impression that if you sell a property to ur family trust (and that property was originally in your name only),

…and you…[Read more]

I’ve been buying in the very bottom of the housing market here in perth. The crapiest houses in the cheapest suburbs. I think when the heat eventually comes off the market its the bottom of the market that will be the safest.

My question is: when sydney cooled off, what did the very bottom of the market do? Did it experience as strong a…[Read more]

Cabo Wabo

Big Bucks Now Investments

Outa Strewth Groove and Associates

The Condo in Jamaica Pty

Shaweetmate Deals

This is ur wake up call pal i’m gonna make u rich Pty Ltd

Big Doe Diddlers R Us

Forty Foot Cheque Investments

and finally

U’d be mad not to invest with us Pty Ltd

Cabo Wabo

Down load the free property report called “the world squared” and read the section called “residential”. U will not be dissapointed.

Cabo Wabo

Stay tuned.[suave]

PS. Have u guys read Macquarie’s latest 06 property report called “The World Squared” (free on their web site)? If not, do me a favour & read it!!…. or more to the point, read the 3 chapters on residential (especially residential), China, and the USA….. I WANT TO DISCUSS those 3…[Read more]

Cabo Wabo

I am also someone who likes to pull things apart to see how they work. I am a keen fan of modelling housing scenario’s. I could quite happily blow a whole Saturday modelling how to take over the world. Its great fun.

Ur post when I read it on Friday quite interested me, and I said to myself, “on Monday I’ll have a play w…[Read more]

But the sad fact is that he is like a large proportion of our population in that he has no clue about political history, or of the precedents that have been set in the past.

Our society is based on lessons learn’t from our mistakes in the past. It is fundamental that people understand these…[Read more]

ThanksTerry

Cabo Wabo

Cheers people…

Cabo Wabo

People of note in the family tree:

* John Forrest : of great emmence in early WA
* At one stage mum’s…[Read more]

Cabo Wabo

Cabo Wabo

i’ve had a chat with him, and straightened him out. [blink]

Cabo Wabo

Cheers.

Cabo Wabo

The Nebula class was old hat…. i much prefer the “D”

Cabo Wabo

If that doesn’t work, hire a hit man to deal with the neighbour, and have the tree lopper guys take the bill out of his desceased estate…. too easy…

Cabo Wabo

Cabo Wabo

They are offering the commercial loan…. is there any detriment in having a commercial loan as opposed to a residential loan?

Cabo Wabo

Cabo Wabo

Cabo Wabo

I guess a generalised description of myself and my ancestry would be “island people”. My mum is from Perth in WA originally (aust is an island). Her great grandparents came from Scotland and Ireland (british Ilses). Both myself and my father were born in Barbados (caribbean). Dad’s side is…[Read more]

2) Purchased, renovated, and rented 1st investment property.

3) Secured a terrific new mining job based in Perth that will get me the hell out of fly in fly out.

4) Determined that i’d like to eventually become a property developer. I’ve a plan for the future all mapped out.

5) Became an active member on…[Read more]

I’d have to agree on some points though. Text is too small (i’ve had to put my glasses on to use it – never done that before), smiley…[Read more]

With your responses, and after quizing a mate of mine, & my accountant i’ve finally got my head around this. My general understanding to my own q’s are as follows:

1) Who legally owns the property?
The company (acting for the trust)

2) Who’s name is on the title?
The company

3) In who’s name is the debt? That is, does the…[Read more]

I’m in the results group. I can can tell you quite confidently that i put at least the same number of posts in the public access forums as i do in the Results forum.

If its something i think important, and want the best advice i can get (short of going to a lawyer/accountant), i’ve on many occasions posted it in both the results forum and…[Read more]

What more can i say?

Cabo Wabo

I was so appauled by the STRESS she was put under to perform, and the attitude of her boss, that i’d never step foot in a National bank again.

You couldn’t pay me enough to do busines with that institution…. hows that for FACT!

Cabo Wabo

Cabo Wabo

This formum is great, everyone answers everyone’s questions. I have learn’t so much from this forum its just not funny.

I’m using a discretionary family trust.

Redwing, your answer to #3 – whose name is on the mortgage doc? Whom do you refer to as “you”. Is it me as an individual, or me as the director, and hence the…[Read more]

Mortage insurance (pain in the butt):

A bank will happily lend you 80% of the value of a property. That means you need 20% deposit.

If you have less, say between 10 & 20%, then they deem you a risk. They will still lend to you, but they will take out an insurance policy with an insurance company. This policy will cover any loss that…[Read more]

i thought saving for a wetsuit at 16 was a big deal. $10,000 – holy sh$tballs batman. Thats awesome. Lookout here comes the next Donald Trump.

While $10k is a deposit on a cheap unit in a country town somewhere (hard to find that cheap), i think you’d still end…[Read more]