secretgnome

Yes, it might be better for some people to be highly geared- but not for me. I think a lot about “risk” and investment- that’s just me- for others, the risk might be in gettimng more and more properties; for me, it’s about managing my life and not being too stressed by something I like – property is fun for me, and I don’t wanna ruin…[Read more]

gucci,

Welcome to the Forum Your post didn’t seem long-winded at all!

As Terry said- the flipping OTP was “so two years ago!* as far as property fashion goes ;O) Definitely something that most property invcestors would not consider now- too risky, unless you decide you can afford to settle in case it doesn’t sell.

Terry- a quick question- I…[Read more]

Mopsy- cute nick, by the way

Apparently there is a good QS in karana downs, west brisbane. Brenda Irwin, who’s currently featured in Australian Property Investor this month (she bought 20 CF+ houses in 18 months), wrote this post elsewhere:

“Hi all,
Thought I should share my good fortune with you.
Found a QS in Karana Downs, Qld (near Ipswich)…[Read more]

look up “logan real estate boom” in google.com. It certainly has been mentioned as one of the areas, along with Ipswich, that has had double figure CG.

CG can grow, but the demographic doesn’t change… the gangs will still need somewhere to live. All over australia, there’s been CG, but the areas remains the same, I reckon. Logan is not gonna…[Read more]

Craigles,

I think the answer might be in serviceability. I think you would probably be able to *get* a loan, given that the lending authorities have a lower set of criteria for lending these days, but if you are on a benefit, will you be able to repay the loan without being solely rent reliant?

It depends on the level of risk you are willing to…[Read more]

Oops. That should have been <70 LVR- hehe.

Oh, and I have Landlord Protection Insurance too- but I only got it *after* I needed it. Now I have good tenants and don’t need it- go figure!

Chris :o))

I think it’s really valuable that you’ve provided a history for this property. Whilst 125k doesn’t seem like a lot to me (the prices all over NSW and australia means you can get bugger all these days for under 100k), it’s great to know a bit of background about properties so we can make informed decisions- you’re right, and I…[Read more]

Oops! Those figures are total repayments- not the loan itself

kay henry

James,

Based on a 25-year mortgage, that’s about 500k loan or on 30 years, about 600k. (plus the markup on purchase price discussed elsewhere). Do you think many wrappees can afford this loan?

kay henry

mcollins,

I make sure that I can pay the mortgage out of my salary and the rental income goes straight into the mortgage account. As well as paying double off my mortgage, it also means I am not “rent reliant” at all. If I don’t have tenants, frankly it doesn’t bother me. I guess I like to keep my mortgage repayments low enough that my wages can…[Read more]

Folks,

I’m not sure what the problem is here. The buyers might make 36k profit if they get their asking price. Isn’t this what people call “flipping”? And isn’t wrapping a place a similar thing? The vendors will be looking for a quick capital gain, and be paying 100% capital gains tax in the process of selling within a year of purchasing.

The…[Read more]

Nice topic Matt :o)

Seems most people are buy and hold… except when we sell!

kay henry

awww Michael, don’t be sad. This topic is about a vendor financer. Why don’t you start up your own topic, Michael and stop being so negative []

kay henry

Well hello Rebecca :o)

Now you know I believe in ethical behaviour as much as the next person ;O) I guess I just felt that this was a plant to put down a competitor of this website. I’ve seen a number of people make what appear to be light questionings of other people in the property market, and I personally think it’s a ploy to destroy…[Read more]

Prop,

I think your use of English is perfect :o)

kay henry

se7en,

My oroginal post to you was not about mailboxes… it was about why you were trying to publicly humiliate someone… The mailbox/suite thing is not the issue for me- it’s about why you are hammering an issue and trying to denigrate someone. I think the obsessiveness with which you are pursuing this is kind of weird. Do you have some…[Read more]

true Matt- very true. I could not have bought more than one easily except that i got a surprising capital gain on my first. Most of us who bought more than a few years ago would have done pretty well now. I’m wondering how much prices would go up again in another cycle- seems wages aren’t going up as much as property- eek!

Thanks for getting me…[Read more]

se7en,

We know what you were asking…

Here is some details for rick otton that i got from typing in “rick otton email” into google.com.

© RickOtton.com 2003 – All Rights Reserved, Privacy Policy
127/272 Victoria Ave, Chatswood NSW 2067 Ph: 02 9412 4122 /1800 003 588 Fax: 02 9475 4367

It’s a slightly different postal address, and there is no…[Read more]

And how many do you have, Mister Matt? )

kay henry

Prop :+P

I was not deliberately scaring anyone. I was merely commenting on a post that I thought was a putdown under the guise of a “legitimate” question.

Remember, there’s a “no personal jibes” rulew on here that have had some people’s posts strongly edited.

se7en can post anything she likes if it makes her happy ;O)

kay henry