Alexander,

Many of us on this board would be investing interstate. With the advent of the internet, Australia looks very small :o)

Here’s a few ways you casn check out the inside of a place without seeing it.

* Ask for photos of the inside of the premises from the vendor or RE- a “virtual tour” with moving cam might be possible. If the RE…[Read more]

I think so too, 6X1. I think that the bank will only care what you owe- not the amount of your original loan. Unless you’ve withdrawn that 100k already, then the banks will consider it as equity. Get your house revalued, and you may even have more equity to draw on!

kay henry

Would it be different for OTP apartments and an apartment bought from your avarage vendor? I think most OTP units would be sold with some kind of rental guarantee on them. The problem is once that guarantee is over, will other tenants be forthcoming?

kay henry

Well, ones person’s guru is anpother person’s ripoff merchant. It just depends on which guru you believe in, really. Independence of thought is a good thing, and it will keep you safe from all gurus :o)

kay henry

Because it’s fun! [][^][][][:0)][^][:X]

3 wrds + 7 smiley faces

kay henry

Dear nu gen :o)

I joined the forum on October 26, so I am a bit of a newbie too [] It doesn’t matter how old we are, we can be as new as an over-supplied apartment not yet off the plan!

In answer to some of your Q’s:

How long did it take you to buy your first IP since getting involved? Me and my girlfriend bought a little apartment when she…[Read more]

nice to see you there Broz- I was beginning to think Fudge had made you up []

Shaun, I understand your frustration. What I think is that we all take our time with different things. For example, I didn’t and probably *couldn’t* invest in RE until I was 29- I just had a block about it. Some people don’t have children until late in life because…[Read more]

mcollins and all )

I think this “put your money away for 18 months idea” has some merit, but it depends on what you’re looking for. The cheapy 50k properties will still be 50k tomorrow. The oversupplied apartments in inner melby will maybe move from 400k to 320k if there’s a drop of 20% (there’s already been a drop of 4.5% there, so only 15.5% to…[Read more]

Shaun :o)

The RE guy isn’t allowed to discriminate anyway, is he? I mean, if there’s a jail there and families of people in the jail, then they need accommodatio too, right? I guess if a RE agent is a local, then they don;t want to be seen discriminating against people- wouldn’t make them a very welcome member of the community.

kay henry

Erika )

Yes, I am sure you as a prospective owner might be able to arrange with the sellers to put tenants in. I was thinking that NK was wanting the sellers to get the place tenanted as a condition of contract. So my response was suggesting I don’t think he can ask *them* to get in tenants as a condition of sale. But yeah – i am sure the sellers…[Read more]

NkZ,

If you’re asking can you make it a part of your contract that the IP be tenanted, then I doubt you can. I think most places are sold “as is” and if it’s not tenanted, I am not sure you can compel the sellers to tenant it before you buy it. “Subject to tenancy” is usually only written on a contract when there are tenants already there, i…[Read more]

Props :o)

Married to henry kaye would make me kay kaye, right? And you never answered me as to your cultural background? I’m interested to know where you’re from. I’m travelling to Austria next year and i’ve never been OS before, so it should be lots of fun.

Thanks for your comment elsewhere, Mr Proppy ) I felt kind of asked to leave another…[Read more]

Props :o)

That’s 3 IP’s!! yay for me I know it’s only a few (more like a “petitfolio”) but it makes me very happy!

kay henry

PS Saw another post about henry kaye going down and couldn’t help but think it was me!

westan,

Just got approval for finance today :o) I’m buying a place i’ve been wanting for ages. Another IP for me!!

kay henry

hehe Fudge- enjoying yourself there? []

kay henry

Celivia,

The higher you go in price, the harder it is to get pozz cashflow. Imagine trying to get a tenant for a 400k apartment in inner melb or sydney to pay 800 bucks a week rent! You’d be dreaming. I think the only pozz geared properties are under 100k. But others can prove me wrong

kay henry

Let the infidels leave, I say []

kay henry

richmond- wow :o) I wish i could get away with that, but as a non-moderator, I’d just get yelled at []

I think a lot of wealth is inherited (I know some people on here will give me examples of when that is not the case- i’m aware that it is not the case in all situations- I just wanted to raise the notion here of inheritance, or lack of…[Read more]

Yeah, mike- it’s why when I hear people saying they are paying half their income in tax,m it just ain’t true. For example, someone on 80k would pay about 20k tax all up- that is hardly half tax- it’s 25% all up.

Fudge and Bro- nice topic :o)

kay henry

So Tom, you’ve booked the cafe?

kay henry