wejohns- why is that people are “greedy” when they want to sell their property at a good price? When you sell your property, do you make sure it is CF+ for the new vendor? Noone I know here or any other IP investor sells their property at CF+ prices, so I am not sure where the “greedy” notion comes into it. Since the boom, property prices have…[Read more]

Thanks for the post, Redwing :o) I’ll add a couple. They’re a bit less technical than yours, but here goes:

(1) Never buy a house/IP depending on the funds of another to sell to finance the new one. It’s a recipe for disaster- you might have to almost give the old one away in desperation. [ohno2]

(2) you can buy in a small town, as long as it’s…[Read more]

Here’s an example…

Noone here asks the mortgage brokers how many properties they have, and yet, they are hugely respected. If they had zero or ten, I would still find their advice and information excellent!

Sonja, I agree with your lower paragraph. I asked elsewhere for people’s advice/opinion on painting. But if someone had have said “paint…[Read more]

Sonja said:

“PS I still wonder how far to trust agents although I expect experience will go a long way to helping me with this.”

Well, you’ll see from above, that some investors are not honest either. If you’re honest with others, then you can hope people are honest back. If you are dishonest, then expect others will treat you with the same…[Read more]

Jo,

This waas raised elsewhere in another post- a member felt like she had no fdriends anymore because she had IP’s. She said she needed to hang with a different “class” of friend now that she had “success”. I am sure you’re not like that!!

Your post is not specific about to whom you are referring- is it family, friends, colleagues?

I find that…[Read more]

Mysta,

About 8 years ago, my ex and I (we were partners then) had a goal of buying a place every three years, and having each fully paid out on purchase of the next. We then broke up, and split the properties we had…… buuuuuut… since then, each of us has still followed with that goal. Of course, prices were cheap back then. So it was more…[Read more]

Bear,

Acey does lots of part-time jobs. Ask him and he’ll tell you- he’s pretty open about the jobs he does. As for me, I’d rather just do one job- and most of us *do* work for others- providing skills that other people don’t have. There’s no shame in being a doctor or a nurse- you wouldn’t want to operate on yourself! I am happy to pay others…[Read more]

awww- no problem, Miss Poly :o)

Hope you’re enjoying the forum

kay henry

I am glad this post came up again to give me an opportunity to read Cel’s post.- Celivia- you are sooooo funny :o) [goatee]

kay henry

Monopoly…

On the 25th March, Daaj asked:

Hi Property investors,
Just asking same question that has been asked before but just curious on latest updates .

How many property’s have you acquired over the years.

Cheers Dom

I guess I am just interested in knowing if this is going to be a monthly quiz…

Daaj also asked the SAME question on…[Read more]

Why are you asking Daaj? You looking for a loan from someone who actually “owns” a property?

Perhaps your poll would work better if you told us the thinking behind it.

kay henry

Chan said:

“When the agents ask you where are you from? I would normally answer to the closest town in the area”

Tsk, Chan…

Don’t expect an agent to be honest with you if you lie to them- sheesh…

kay henry

MarkyMark :o)

Sounds like you had an interesting time out there!

With the last RE I had (and am having) dealings with, I found no point in pretending I am from the local area (coastal victoria) when in fact I am from urban sydney :o)) I told her immediately that I am in sydney, and I asked if she was from the local area. She told me she had…[Read more]

sis, surely your family would understand that you look after your grandma, and wouldn’t be putting pressure on you to return.

You are also extremely financially independent. Many young men your age choose where they want to live. Do you wish to live in sydney or in brisbane? Andwould you be living with relatives in brisbane? You may as well buy…[Read more]

sis,

Chan said you were overseas doing business. I thought you were in brisbane with family- where are you?

kay henry

heya sis, and welcome back!! :o))

I have no plan for life. I just take it as it comes. One can plan, and outcomes can change, or one can just live out life, and know that all things change. Or one can do anything in between

There are always setbacks, or challenges, or whatever one terms them. Accepting that life is all about change, means that…[Read more]

Yeah, research is the answer to RE. Basically, by the time I call a RE to start asking questoins about any place, I like to have read every article about the region, the town, the street, and feel like I have a handle on all known issues about the place.

Personally, I don’t see RE as a game of one person outwitting another (ie RE outwitting me or…[Read more]

Not sure what I find unusual about any of the things raised in your post, Marky, but others might.

I generally find country people to ask things like “where are you from?” as a matter of courtesy. Perhaps the town is small enough so that they know everyone in the town, and know you’re not from there? Country folks just like to chat before doing…[Read more]

Cooling off period is from when one has *signed* the contract- not from when one has made the offer.

markyMark, it is my opinion that you should only make offers on properties that you are willing to buy. Why make an offer and get a vendor’s hopes up if you are not going to buy it?

Re gazumping, probably if word gets around that you are making…[Read more]

Russ,

Aren’t you a “middle man”? You don’t wanna do yourself out of business :o)

kay henry