se7en,

depressing story (for the vendors, at least). The auction really is dead, post-boom.

kay henry

se7en,

Food and sleep deprivation are sure cult methods. It weakens people’s resolve and makes them unable to think straight. A real estate cult guy, Roy McDonald’s been doing the same thing in northern NSW. Check this out:

http://www.smh.com.au/articles/2003/09/12/1063341767990.html?from=storyrhs

kay henry

LifeX,

Perhaps the asking price is in line with market value. Check out homeprice.com.au or residex to find out the stated values. Sometimes people don’t know what their home is worth until they get an agent in to ask them. Whilst locals are astonished at the prices NOW, perhaps thry might change their minds if they put their own homes on the…[Read more]

There is nothing wrong *per se* with marketing properties overseas. It’s just tapping a market. As with everything though, one would do their checking. The net makes it possible to check out everything. One wouldn’t just buy a place because it is advertised. Spending 419k is a LOT of money. Do your checks and then make your decision.

kay henry

Nathan,

Brian Rees in Wollongong is a great accountant and knows heaps about property. He’s also a very nice guy.

kay henry

Bec,

It was probably Wildly Wealthy Women. There’s a heap of info about them on this site.

kay henry

Madankumars,

You ask what is the catch, but you have mentioned the price. Don’t you think that price is expensive? 419k for a 2-bed apartment? Does it come with a security parking space? What is the rental guarantee in terms of percentage? What are the body corporate fees? What is the median rent for the area *after* rental guarantees have…[Read more]

holdencommodore,

Buy API magazine and it does show graphs of areas and capital growth, but really, you’ve been given a lot of ideas on here- now ya have to find out the stuff yerself )

Russ said:

“And you all talk about growth.Statistics dont mean a thing.Spend some time in these areas and then you might get to know what they are…[Read more]

The only comment I have re your use of the credit cards, elvces, is that you did a reno, which will most likely add to the value of your home. The IR is obvoiusly an issue, cause it’s big, but seems like you’ve used “bad debt” for good things!! :o)

I’d pay off the credit cards, and then think about what you might do with the 20k cash you have…[Read more]

wrappack,

When one adds in the 100k income, then it makes all the difference. I guess I am referring to the people who have very little income, with little likelihood of an increase in the near future, who wishes to borrow a fair wack of money. I could change those figures to a person borrowing 200k and earning 30k who has a couple if kids. They…[Read more]

Not so devil’s advocate as you might think, Rugs :o)

Seriously, the couple opens their house for open house. 100 people look through it with the agents. Let’s assume these potential buyers know theitr market, have studied similarly sold properties, and realise they would have to renovate/restyle that older couple’s place (it was pretty…[Read more]

Yeah, I guess if you have false starts, you are saying to athletes, “you can mess it up the first time”- have a go “for funs before the “real” race. If everyone was allowed one false start, that’s 8 or so people who could just flop around in the pool before the race. Some people in the past may have used the false start to freak out their…[Read more]

I did see that yack. Do you know how many years ago they paid 200k for the property? I didn’t see the first part of the segment.

Jenman, on his site, also has an article right now, about how people might choose to accept bids at auction now because they may have to accept lower later.

There’s a lot of articles at the moment written on people…[Read more]

I totally agree with keeping abreast, yack!

kay henry

Zena, I got a deal of about $280, I think. For Pest and Building Inspections.

kay henry

Absolutely, Rugs! More rubbery stress things to squeeze!! [cigar]

kay henry

Brenda said:

“…a great public speaker I aren’t.”

But noone can say a great property investor you aren’t, Brenda! hehe

kay henry

From: http://www.abc.net.au/tv/guide/netw/200403/highlights/226733.htm

Program summary

Reality Bites: Selling Success!
Brad Sugars: Building Billionaires
8:00pm Tuesday, 30 March

Success seminars have become one of the 21st century’s growth industries. Many Australians now feel that a much better life could be just a seminar away – and they…[Read more]

elves,

Yeah, and I am the youngest kid of 7!! yay for that! :o)

elves, I just think having 5 kids is s lot these days. Of course, when one has a business, then one develops “support and networks”- usually paid ones, actually. You buy a network- not that hard if you have the dosh.

I guess I just respect that someone can manage so much stuff.…[Read more]

Aside of her property investing method, I have to say that, the lady has 5 kids and has written 5 books and has 10 IP’s. I reckon that is some achievement!!

kay henry