Gunner :o) Firstly, congrats on your purchase!

A couple of things. Double brick is a GOOD thing, I agree. And yes, when I was young, I certainly heard all the merits of buying houses that were of an older vintage- not too old! 30 years old is not THAT old though. I guess I am referring to houses built in the 50’s and how solid they were blah…[Read more]

Peterp,

That’s a really good post- thankyou :o)

In a geographical area such as Geraldton, there will be good and less good areas in which to buy. I think one is buying into trouble if one buys asbestos- you’re right! And some of the better areas have been raked over by investors by now. One strategy I have is not to buy in areas that are HUGELY…[Read more]

Yes, Sibo, I think you might be at least 18 months – 2 years too late to get a pozz CF place in Q’beyan. Last time I looked, prices were about equal to wollongong. Dunno what they’re like now though. I stopped looking at canby’s poorer cuzz about a year ago- too exxy for what they were.

kay henry

The problemo is that PG is overseas. But I dunno why he still isn’t online :o(

PGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG??

kay henry

No pictures of the property Cel??? No way! Pictures let me know if I can love it or not! And if there’s no love, there’s no purchase [inlove]

I did actually buy an IP without a pic, but I saw some pics a month later of another one in the same condition, so I had something to hold onto. [blush2] I think buying an IP (we ARE spending a lot of $$$…[Read more]

Leigh- it is NOT a double guarantee. The hardcoded 14 day no questions asked money guarantee is a mistake. The hard coding will be removed, and only the No Hard Feelings guarantee will apply.

kay henry

yack- I hear ya. But if you are waiting for prices to go down really far, then you may be waiting for ever. I was just talking to a RE guy. He said a vendor bought a place for 720k in sydney- 2 bedder- and now can’t get 550k for it now that he wants to sell. Well, I can’t afford 550k anyhoo, but maybe that’s what it was worth in the first…[Read more]

Well, the thing is, people need to do RESEARCH! Blind Freddy would know that those areas are dodgy. A few internet checks, a bit of asking around on somersoft or on here… or doing a search on these forums… and you’d KNOW the problems. Any checking I do includes crime checks, checks for social problems, unemployment rates etc etc. I would quite…[Read more]

Dani,

If you have 3 IP’s, you probably know a little about what you’re doing. Thing is, you can borrow to but CF+ props no problems at all, because it will repay itself. Anything other than that, and it doesn’t matter how much equity (via a reval)you have, you’ll still have to find the money to repay a mortgage. This can be done through a pay…[Read more]

Another article by Gottliebsen which “adds value” to the first one I posted.

http://www.theaustralian.news.com.au/common/story_page/0,5744,9171997%255E16946,00.html

kay henry

Genki,

Most of us have to start out buying in “not so good areas”, or else, we’d all have a few places on pretty harbours )

This doesn’t affect your borrowing. If you see the article I posted in General roperty, banks have a problem with financing apartments and houses in the innercity as well, so it seems banks are being razor gangs all over…[Read more]

Well, sis, Meriton is offering vendor finance at comparable rates to those who probably cant get traditoinal finance with the banks. The problem here is that they have to refinance after two years, and given that they probably won’t have paid out any principle by then, the owners will be back to square one and may not be able to refinance. What…[Read more]

Well, presumably through his Consumer Protection Fund (paid for by his own RE agents and not costing anything to consumers), Jenman has his finger on the pulse of some of the people who got stung. Guess there’ll be some case studies on there- I’ll be up for a watch. Thanks Chan! :o)

kay henry

Bear,

Do you really think that the woman who was up on stage with Brad Sugars, crying and telling the whole audience she thought she was ugly, was going to be healed by Brad Sugars telling her she had a nice bum? It was a quick and easy way for him to get her off the stage.

I think if people have significant problems affecting their life, they…[Read more]

Thpought I’d bring this post back up to the top :o) Come on yall- put a pic of yourselves up! [lmao]

kay henry

Chan, VERY cute post about finding Richmond- hehe :o)

So no more Chan!! How come they blocked you Chan? Did some building you were supposed to design fall down and they blamed you?? SHAME on them!! Did they bust you on here? What’s the inside goss?

Pity you won’t be around so much, Chan. Seems people only miss a good thing when it’s gone.

kay henry

*intercepts the bunnies and eats all the eggs so Cel doesn’t mess up her first IP arrangement and lose her fortune!!* MUAHAHA! [upsidedown]

kay henry

Teresa,

I have your book and I really like it :o) I’m a fairly simple person, and I like things explained carefully and in plain English. Not that your book is aimed toewards simpletons, but I’m sure you know what i mean! I am really into accessibility, and your book provides that. It reminds me a bit of Jan Somers’ books actually, in its…[Read more]

Here’s the details:

http://premier1.ticketek.com.au/shows/show.aspx?sh=TAKECONT04&searchId=2f2c3a90-cae6-4f4a-b65c-d9b32f858eea

kay henry

yes, qwerty, it’s better not to give when there is bitterness behind it. i don’t see gifts as about exploitation. It’s just a nice thing- giving OR receiving. god, it’s a bit sad when a topic like this becomes about exploitation, being used, resentments tenants have because our IP gets CG etc.

I wonder how Xmas is in some of your houses.…[Read more]