Pisces,

I see this market change as inevitable, really. It means prices are more affordable for all. I know that people say one should never sell, RE, but I also think the boom was a good time for people to sell underperformers in their portfolio and take that CG to invest in “better” performers, however that is defined by the investor. I bet…[Read more]

No madhun- it’s not kosher to advertise on here. But you’ve already made half of an advertisement here by saying your dad has a property for sale, so imagine there’ll be a few orangutans wearing coats (deep pockets, long arms) contacting you by private message if there is an interest. Meanwhile, no details on here please [strum]

kay henry

Sure, madhun- go for it! I am sure I’m not the first person to have said or thought that about the banks Meanwhile, my signature will probably soon say “OH NO! THE BANKS STOPPED LENDING!” hehe.

kay henry

Marc,

As you may have (or may not have, as it seems) picked up from my earlier post on this thread, I don’t believe in either “success” as a concept, and I think status is a sad concept too. For me, it’s just about living with integrity and authenticity (that’s the “success” part), and I think status is just a comparison with others- and I think…[Read more]

wezwaz- the best investment tool is definitely YOURSELF! Knowledge is power, and if we know what we’re doing, we can get told all the things in the sun, and know some of them don’t sound right or don’t make sense. I think if we are going to seminars to find out about ourselves or feel good about ourselves, we’re in trouble. Because we’re going…[Read more]

Marc- interesting question abour status…

Let me preempt with this from Desiderata…

“If you compare yourself with others,
you may become vain and bitter;
for always there will be greater and lesser persons than yourself.
Enjoy your achievements as well as your plans.”

From Max Ermann, Desiderata,…[Read more]

Coldy :o) Firstly, welcome to the Forum!

You asked about books and seminars, and you’ve probably already read a few books- good for you. The best way to get into the RE game is to.. wait for it… buy a property!! Hey- i know it sounds crazy, but do it Read more books along the way, but I reckon the 3k or 5k that you might spend on a seminar,…[Read more]

I have to say as well, that when I see advice given with nothing behind it (as in no spruiking for business) I see that advice as invaluable. I also find other info great too- from mortgage brokers and spotters etc. But I think those who give advice or share information with others and who have nothing to gain from giving it- what’s not to love?…[Read more]

gmh- no problems at all :o) And please feel free to question or challenge my strategy at any time- that’s what the forum is for Whn I get challenged, it helps me to either be ble to articulate what I’m doing and therefore strengthen my belief in it; or to realise I might be better off trying something else- either way, it’s good to self-reflect …[Read more]

hehe Terry :o) Make sure you check your next phone bill!!

Free all day seminar? Oh, what’s not to love!! Yay- i’ll get me a piece of that [strum]

kay henry

g7… back to your post about your mate…

Really, your mate probably might have checked the marketing before it became public… I’ve never known of any marketing to occur without the approval of the company. Anyway if it is the marketer’s fault, the public will see that, right?

I for one, am glad that a Jenman exists, and I keep up-to-date…[Read more]

brahms,

Your question is fine- and so politely asked, how could anyone be offended? :o)

I just do a gross rental yield like this:

Annual rental yield divided by purchase price. I am not one of those whizz kids who does all the spreadsheet stuff, which might be unfortunate.

See, the way I work it brahms… due to the location of the property……[Read more]

Thanks Greed- looks like you got some free spam advertising here

kay henry

markgil,

Mike and georgis already made some of the salient points. Mike said you would be lucky to make it pozz geared- I’ll go further. As georgis said- the apartments would get $350 a week rent- that’s 4%. If your apartment value goes down- as have many in oversupplied areas of docklands, southbank, st kilda, et etc… you might be looking at…[Read more]

gmh,

I had no problems in getting a loan for my apartment in sydney- @ 70% LVR. I knew it was going to be that, and I have no problem with it- because it keeps my LVR down. I dunno about all this borrowong 100%- just means you have to pay back more!

Re your original question, it depends on what you consider a bargain. What are you looking for?

kay henry

Yes gmh :+P Guess you have a problem with that ) It’s a growth property, gmh. Someone has to buy city properties, and this time, it’s me. the yield will probably be 8% with depreciation schedule. Good enough for this investor.

kay henry

recoveryman ;O)

Timely topic for me! I exchanged contracts yesterday on a sydney IP. Definitely negatively geared, 4 year old city apartment- yield 6%. I am VERY happy with the purchase :o)

I would buy in any market, but not at inflated prices. This apartment was, in my reading of the market, price adjusted for the current conditions. Super…[Read more]

DD,

What was the Waterford West property at 135k? I haven;t seen any 4 year old units in waterford west for that price, and i’ve been checking out that place for a while now? Which one is it?

kay henry

Derek :o))

kay henry

Karl and Rita :o)

You wrote:

“We bought out home for $93,000. The value is $125,000, but the loan is only for $74,000 (80% of sale price, so as far as the bank is concerned the value is $93,000). Anyway, we could have about $50,000 equity in our home.”

If you say that the Bank has valued your home at 93k, then, for all intents and purposes,…[Read more]