Russ,

Will buying the blocks of units affect your pension? (re assets test)

kay henry

sandy- thanks for your email. A few points on your situation.

* If you want the place to be your home, you won’t have tax deductions.

* The market is flatter now- can you use this time to save a deposit instead of going for VF?

* You have a decent wage and no encumbrances aside of personal credit and a car loan. I am sure more traditional…[Read more]

Pisces- don’t worry- I’m not gonna become competition! I’m quite happy workin’ for the man! [goatee]

[hair2]

kay henry

Del- thanks for the info I too believe that buy and hold is only for when it’s working. I sold an underperforming IP. It was never gonna perform, so why not use that CG and buy more IP’s and live a little?

A plan is always a good thing. I never have one, of course, because I’m too disorganised. If I had a plan, it would be to do filingin my…[Read more]

Del- cheers to you too!

I made some postings on this subject in the General Property forum- you might wanna read them and then I can just take myself out to the desert Well, you know me Del- I do like to ask questions when things don’t make sense to me. I also like to be reasoned about it )

del- re your exit strategy, I don’t really know what…[Read more]

del said:

“For those who insist on being negative, go somewhere else, otherwise get your facts straight! You know who you are!”

I am not gonna take that personally, because mine were straight. But I’m sure you didn;t direct it at me, del :o))

Del- who cares if you made a million bucks or not? I think it’s better if you have 500k worth of…[Read more]

Sandy, you said:

“found a prospective vendor willing to look at it if I do the homework. But need to move fast for info at least.”

Who said you have to move fast? I would say take it easy and find out what you’re getting into. If you rush, you’ll probably end up as a case study on Today Tonight…

kay henry

tomori,

If you’ve had the property managed by a RE, why not ask for a market appraisal from that agency. It’s obligation free. I used the same RE agency and it worked for me- I like doing things in a “one-stop shop” kind of way. For me, it became a partnership between the selling agent, the property manager, and the tenants- we all worked in a…[Read more]

Russ,

Isn’t there any stress in rural communities? Seriously, I wonder why the disastrous statistics on youth suicide for country kids exists if it’s so perfect.

Life can be stressful anywhere or peaceful and beautiful anywhere. It all depends on how you feel inside.

Russ, it’s fantastic if you feel no stress. I could only presume that because…[Read more]

Russ,

A couple of Q’s for you please

(1) You said it gets 10.4% return for 24 weeks a year. What does it get as return for the other 28 weeks?

(2) How come you can’t be a spotter in WA? What Rule/Law is it that prohibits spotting?

kay henry

Mysta,

It’s YOUR post that comes across as a bit “agro” as you put it…

We could put our money where our mouth is… or show you the money, as you keep saying… however, it might be necessary for you to show YOUR money- to a spotter. If you think that CF+ properties are akin to the Loch Ness monster, and if you won’t be happy with 7%, 8% or 9%…[Read more]

Do mortgage brokers have to have any qualifications or belong to a professional body?

kay henry

Someone I know just downloads a new IE every time and they can’t catch up with his downloading to newly ban the sites.

kay henry

kinks :o) It’s good to be realistic. I saw someone on here yesterday who says he/she has 2 IP’s but will be retiring next year! Well, that’s all good if you wanna retire on like $10 a week

Let us know how you go, kinks. I guess you can buy that much worth of property if you have a high enough income. Maybe you could halve the desired income for…[Read more]

So kinks, using Terry’s example, you’d need 5 X IP’s each year for ten years. That would be buying 250k each year for the next ten years for 50k IP’s; or 500k a year to purchase 5 X 100k IP’s for the next ten years. Then you will be able to retire. Oh! Plus costs!

kay henry

dpeka,

If he’s offering you $350k for an unrenovated place- TAKE IT!!!!!!!!!! hehe.

There are lots of stories of people waiting for CG that never arrives. They get an amazing offer and refuse it waiting for something better, and then the market flattens out and they’re stuck. You said that places can be $340 reno’ed. Save yourself the money and…[Read more]

The thing is Mysta, they all looked miserable. They looked so unhappy and were saying how happy they are. Beware the person who says he has a high IQ, for he probably hasn’t. And beware the person who tells people they are desperately happy, for usually, they are desperately unhappy.

kay henry

Hello Celivia [goatee]

I watched it, and I’ve worked out that all you have to do is charge gazillions and then make the people meditate- it’s brilliant! [withstupid]

It’s a pity that lady lost her whole RE agency staff. Guess they just weren’t motivated to be successful- hehe. I’m so grateful my bosses are all atheists- would be a drag to have…[Read more]

Why do you need to make STD phone calls to do property research? All info you need should be on the net.

kay henry

missy,

You’ve said you offered 14k less for the property, but it depends on how was being asked in the 1st place. Was it a 200k property? or a 45k property? Think of it in % terms rather than a dollar amount.

The RE is acting for the vendor. We have probably all sold RE in our lifetimes, and we know we wanna get the best price possible. If you…[Read more]