Total Members: 158,197

hwd007

  • hwd007 replied to the topic positive geared property in the forum No Subject 20 years, 2 months ago

    The thing that concerns me about these cheap properties is the quality of tenants you will attract and any hassles that may accompany that approach, compared to buying more expensive IPs and attracting more “quality tenants” I mean it should not be that way and Im not sure if it is but it does concern me a bit. As the saying goes you get what…[Read more]

  • hwd007 replied to the topic My Property Theory – Your thoughts in the forum General Property 20 years, 2 months ago

    i think if you factor in fixed rates to you positive cash flow analysis, you should be safer.

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 2 months ago

    Elysium-M Many thanks.

    Well I am with a new agent now, so I am just waiting to see if the tenants pay the full rent plus the $93 in arrears on time, this month. If they play the game right, I will be happy to put it down as experience and review at years end. I would prefer to aviod the red tape if possible. I think I have been sold a lemon on…[Read more]

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 2 months ago

    I doubt I will ever use Stockdale & Leggo’s Malvern Office again under their current Franchise ownership. I would not recommend them to anyone.

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum No Subject 20 years, 3 months ago

    The previous agent recommended the tenants who were reportedly the agents friends. This agent arranged it all but appears to have left me with dud tenants. I am begining to think and also they lowered the rent from what I was asking initially to favour their friends. Basically feel I have been taken for a ride with these agents. Thats the long…[Read more]

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 3 months ago

    I have been paid for the first month, but I am not optimistic about that either given the goings on.

    To make matters worse, I have just found out from the first agent that the body corporate is trying to contact me, about noise complaints made about the tenants that moved in, who this second agent recommended with glowing praise about their…[Read more]

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 3 months ago

    Well you know it aint real spun gold and well those pantyhose, they still get ladders. I’m guesing here :/

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 3 months ago

    Thanks for all views. In regard to the Landlord being paid pittance view. With the utmost respect for your right to express a view, I don’t accept this at all.

    There are certain obligations and expectations I believe exist between landlord, agent and tenant. This is outlined in the Residential Tenancy Act. This act has been formulated over many…[Read more]

  • hwd007 replied to the topic Seemingly Careless Real-Estate Agents in the forum General Property 20 years, 3 months ago

    I have both lease / management agreement and tenancy agreement. I will go over them tonight. The franchisee I presume is the one I am dealing with but it seems to make no difference, I still seem to be treated with disregard. I mean it seems unfair that I have to bust my gut, just to ensure they meet their minimum obligations, but I will do…[Read more]

  • hwd007 replied to the topic Fixed or variable ? in the forum The Treasure Chest 20 years, 6 months ago

    yea thanx I am thinking of locking in as I know at least I can afford it even though its a bit tight. I will be about $6.5K out of pocket per year on it.

  • hwd007 replied to the topic Understanding Trusts in the forum No Subject 20 years, 6 months ago

    tax shelters
    good for the long term
    keep your wife or husband from them when you get a divorce

    [:D]

  • hwd007 replied to the topic Steves Challenge in the forum The Treasure Chest 20 years, 6 months ago

    I have bought $870K of property in less than 6 months, First one settled 22 May third one should settle 23 Oct. I had about $140K equity to start with. The first one jumped 60K in value in 5 months. The second one 20K. So now im getting the third.

    I just need one more positive cash flow one worth under $200K to balance my 3 negative ones and I…[Read more]

  • hwd007 replied to the topic Steves Challenge in the forum The Treasure Chest 20 years, 6 months ago

    i think he would go for charity as its tax deductible ! hehe

  • hwd007 replied to the topic 1st Investment Property in the forum The Treasure Chest 20 years, 7 months ago

    This applies to high rise only !

    It’s a 4.97% return. But I would probably stay clear of it. Also the return can be missleading and you would want to know exactly what formula they are using to calculate this and whether they have excluded other critical costs such as body corps and management fees etc…

    The problem is when the 5 years is up…[Read more]

  • hwd007 replied to the topic Tasmanian Waterside Property in the forum No Subject 20 years, 7 months ago

    If your a serious investor Tassie is a waste of time, if you believe in the Bureau of stats projections of population growth. It’s population is aging faster than the rest of the country. Its dead money as far as I’m concerned.

    The I think speculators have pushed up Tassie prices, but I recon Tassie will be the first to crash when things go…[Read more]

  • hwd007 replied to the topic Am I the only one scared of debt in the forum No Subject 20 years, 7 months ago

    take out landlords insurance. it can cover about 6 weeks if your tenant leaves and also covers willfull damage up to a certain amount 30K to 50K

  • hwd007 replied to the topic Which of these costs are deductible over 5 years ? in the forum No Subject 20 years, 7 months ago

    Thanks Michael
    Its a Queensland purchase.

    Dale thinks at least the following can be deducted over 5 years.

    3. Registration Chanrges Account $ 315.00
    4. Stamping Chanrges Account $ 932.40
    8. Office Of State Revenue $ 955.85

    The others, particularly item 6 we were uncertain about.

    On another note, if I am charged panaly interest by the vendor…[Read more]

  • hwd007 replied to the topic Capital Growth & Rent Growth Correlations in the forum The Treasure Chest 20 years, 7 months ago

    Personally I think there is a correlation, but the question is to what degree. Try to rent in a good area against a bad area and you will find the property values in the good area are more, as is the rent.

    I admit this says nothing about growth, as it is only a snap shot in time. But, the correlation between good areas or high in demand areas…[Read more]

  • hwd007 replied to the topic 11 seconds solution in the forum The Treasure Chest 20 years, 7 months ago

    look before you leap

  • hwd007 replied to the topic What if interest rates rise in the forum The Treasure Chest 20 years, 7 months ago

    its anyones guess. depends on your situation.dammed if you do, dammed if you dont sort of thing.

    All I can say is that over the last 10 years I’m told that varaible rates on average did better than fixed.

  • Load More

hwd007

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,197

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!