Mortgage Advisor,

I see city investments as generally those > 250k, regional as <200k, and country/rural as <100k.

Are there many places in cities you think can be bought for 180k, as per Vikash’s budget?

kay henry

Luke,

You could EASILY organise a loan for $3800 in 3 weeks- you’ve got a job, aincha? A bank would love to loan it to you. Seems like you’ve got your credit card under control, so serviceability of the personal loan shouldn’t be too much of a problem? You could always sell your car or something if you have one- but maybe not in 3 weeks. Sis…[Read more]

Report the guy who is hitting his wife to the police. If you saw a stranger hit another stranger on the street, you’d report it. Maybe if the guy knows people in the neighbourhood think it’s unacceptable, he might stop it.

kay henry

Absolutely Hux!!! Apparently, they may not show the film in the good ole USA- so much for democracy and free speech huh?

Thanks for the post, Hux. Hope it;s as good as Bowling for Columbine!

kay henry

Lambsie (cute name by the way- just watch out for the wolfies on this Forum!)

Re building and pest inspections… well, presumably they are reputable companies who do them- it is their bread and butter. They are not paid to give you the all-clear really- they are paid to find problems- and they do, in my experience. Enter property investing with…[Read more]

Here’s the link to Westan’s charity:

http://www.opportunity.org/

By the way, westan- amazing you’ve become a property millionaire- good for you, mate!

kay henry

DD,

I am surprised that your tenants who smoked marijuana would make all the holes in the walls! I know other drugs and certainly alcohol, can make people aggro, but pot smokers usually just sit, eat a lot and watch music TV… Glad you got dysfunctional tenants out and better ones in though [biggrin] By the way, what is bong cleaning fluid?? I…[Read more]

Well, thank you Marc… However, I do believe some of us work on a conscious level. You obviously differ on your perspective about that. Nice to see you know more about me than I do myself [hmm]

When I enter a place, I see it not as a series of numbers.. but as a sense of aesthetics which aligns with notions of “value” or whatever… so granite…[Read more]

Connie,

Seems like you’ve done lots of checking out about this place Good signs of CG etc. However, don’t forget the RE “bubble” is over, according to the Reserve Bank- something to take into account when thinking about CG. So you would be working on fundamentals- as you’ve obviously done- tenancy, population, etc.

If you’ve been told that the…[Read more]

Vikash Welcome!

On an income of 30k, you would probably only have the capacity to invest regionally. So start checking around for the prices. I use realestate.com.au to check out prices and possibilities of all the places I can. Just click on any state and then start clicking on any place- it will give you an idea of what’s around. I check out…[Read more]

Gatsby…

You can sack her if you like, but it seems like some responses to you are about taking the pleasure in sacking someone, rather than dealing with the issues of the poor property management (possibly the investors see sacking people as a fun power trip?) From your post, it seems like you don’t have much engagement with the PM. Can you…[Read more]

Marisa,

Sometimes, there is a reason property is pozz geared. As depreciator said elsewhere on this site, some people are still paying above market prices to buy a place that might not be worth the sale price, but to still achieve the yield.

I reckon, if a place is old, might need rewiring, restumping, new roof, etc etc, then you might be paying…[Read more]

Misty,

It IS a hard call. I know people say ot pay off your PPOR asap because it is non-tax dedictible (in investing terms, a liability, not an asset) however, I would be putting that money into IP’s. I don’t have a PPOR myself, and I am not sure I’ll ever have one (maybe when I’m much older), so all my money is cash generating, or “working for…[Read more]

Marc said:

“I like the example of Kay who honestly says, we bought the house because it had a purple bath.
Did he actually buy the house only on that “value”? Certainly not. The purple bath has a value that is related to something else of value in Kay’s life, something much more complex. It could be that someone who he admires and would like to…[Read more]

wezwaz,

Yes, I see where you’re coming from. But I would be trying to make that 300k into 800k, retiring later, and then having 80k to live on. Yes, you might be right in thinking that people who can’t live in 30k per annum are messing up their finances. But you’ll still have tax taken out of that money (it’s profit) so you’ll only be living on…[Read more]

Marisa, emotion does come into it for me. When me and my then partner bought our second unit, we looked at it and said “awwww- purple bath!” and bought it The fact that it was a really good buy helped

I LOVE real estate [inlove] If all else stacks up though, I am not sure why emotion would bother you, Marisa. People DO use emotion to purchase…[Read more]

Chan, I believe most here would not hold that view. As stated, I respect the many languages that you personally speak, and I feel the poorer for only speaking one language. And yes, I agree, even those who have English as their first language are not perfectly correct in spelling and grammar, and I include myself in that. This Forum is about…[Read more]

wezwaz, I believe it is eminently possible to make 10% on 300k. That’s what this website is about, and people on here are already making 10%. However, as Derek said- you need to have paid your property off. You can get 10% return on 300k worth of property, but if you still owe 250k- you ain;t got nada (well, slightly more than nada, but still…[Read more]

Russ, I get “in principle” approval immediately (but that means nothing). Then I get paper approval within about 24 hours (after I’ve applied for the loan. But that can be subject to the bank doing a valuation on the property the buyer may be purchasing (yours) and valuations on other properties the owner might have. I had to have 2 vals done- one…[Read more]

Very cute Rugs- thanks, I needed that [cap]

kay henry