so sis, referring to redwing’s post… the “domino theory/effect” is actually about using a guarantor because you don’t have enough deposit, working, buying properties, and using equity from one to buy another?

Ummmm… isn’t that what we all do (the bits after the guarantor)?

kay henry

sis,

Given that you’ve just started using this term, did you have it in mind when you bought your 12 IP’s? Or is it just a new thing that you’ll use for future purchases? Did you study the concept at TAFE or did you make it up?

kay henry

Probably a waste of time unless one was into buying OTP’s. Always good to get an idea of what’s happening with prices though, I think.

It does say though, that there’ll also be info on the following: private housing, residential development, commercial office, industrial, land and rural development, country properties, hobby and commercial farms,…[Read more]

PG- yes, but you still have to pay the money back. Plus expenses I guess I would also expect sis to have some of the same concerns about his IP’s that the rest of us do- shitty tenants, no tenants, to reno or not to reno etc etc etc. These ARE bricks and mortar- and they require a lot of upkeep. Please don’t hate me sis- I just don’t understand…[Read more]

PG,

I am genuine about asking these questions, as I believe are others who’ve asked. I just didn’t know that having a guarantor initially (which is of course what would be needed) could then lead to so many IP’s in one year- independent of the guarantor. Banks are all about “risk”. I just don’t know how they’d lend so much to a person on a…[Read more]

Acey,

I meant if the property *in its entirety* cost me 100k instead of $1m.

Strange that people might feel a little defensive when accused of jealousy, when in fact, that isn’t the case at all. Guess some of us just feel that this was a conversation. Being told we’re just jealous is very silencing.

Acey, the first two posts you made on this…[Read more]

Acey,

Perhaps you might want to find out a little about the forum members before you lump us in as a bunch of jealous losers. Therew might be a number of newer younger investors who see sis’s story, and think that it can be easily replicated, when in fact, I don’t think it’s that easy. I notice that on somersoft, people are often questioned about…[Read more]

sis you know I’m not much of a money person, and it’s all too theoretical for me- i’m a simple person. I can hear all the theory in the world, but at the end of the day, i have to have money to pay for properties (wages) and I have lending limits.

I am interested sis, in your responses to Jay’s questions re C’Wealth bank policy, and the other…[Read more]

sis,

I’m gonna ask some questions, given that the post hads become about YOU! hehe. It will help to educate myself as to your situation, because I have never thought it possible for a 21 year old who wasn’t born with a spoon in his mouth, to become a multimillionaire (well, you do “control” $2.1 million of property).

sis, we’ve all workedin our…[Read more]

Lane Boy, yack?? hehe. that is a funny name. Reminds me of a gay boy who hangs out in lanes- hence “lane boy”.

maximus, I like your approach ) I do like hanging out in newsagents also and checking out stuff.

API monthly- i’m in heaven!!

kay henry

sis, would you mind responding to my questions i asked before- that’s about how you got finance etc. Because it is VERY hard for a part-time young person to be able to get such loans withough a guarantor.

Thanks (can’t wait to eat free lollies on sunday sis!!)

kay henry

SECURITY!!!!

kay henry

Russ,

sis is also interested in parties and women. The point of my previous post is about people having unrealistic expectations. I could spent no $$$ as the a 20 year old- when sis began his portfolio- and still not have been able to build a $2.1 million portfolio in 12 months on a part-time income.

It’s not about the good and clever make it…[Read more]

wayne,

Inflation is again predicted to be within the target range of between 2%-3%. Last year, it was 3.2%. the year before that 3.4%. The only wild variation was after the implementation of the GST, when it was 6% a few years ago (2000-2001).

I believe inflation will be around 2.4% this year. We’ll have to wait a few months to see. But that’s…[Read more]

PurpleKiss,

Get some quotes from professionals before you do a homejob. I have seen some hatchet do it yourself attempts, and you would have to wonder if a tenant would tolerate it.

We had pro’s do our floors a few years ago, and it cost less than you would expect. Mini has also put a post on here about floorboards and how much it cost. The cost…[Read more]

lifeX,

I see where you’re coming from, but I think it’s also a good idea for people to know there are *limitations* to the millions and millions in RE- based on their personal circumstances.

Some of us are mere workers, with a range of expenses, interest rates have risen a bit and may rise any or every month, for all we know. I am not being…[Read more]

I reckon the towns they’ve mentioned- griffith, leeton, Albury, Dubbo- are too exxy. You can buy an IP of similar if not better wuality for a similar price in parts of Qld, and it’s … welll.. Qld.

I was amazed by the beauty of Qld when I went there. If ya want leafy, surely one would buy in Qld (and I don’t mean the Qld outback or mining towns)…[Read more]

Oh Mini! You must come! What do you love more? Property? Or this person?? (Now, think about this a bit before you answer… take your time- hhee…

I actually don’t have a mobile phone :o((( I am a bit retro that way, but all these people have given me THEIR mobile phone numbers, and I’m wondering what to do with them- was thinking of selling the…[Read more]

Mini,

I reckon the oversupplied apartment unit will be first to be under pressure- it already is by many reports. And the oversupply occurred in Melbourne more than sydney. If you look at Docklands/southbank- god, i was surprised when I saw that area recently. Tall towers standing by themselves- not really fitting in with the area, and as we…[Read more]

If the vendor has employed an agent, they have generally done so to reduce the stress of selling. One of these stressors for a vendor is negotiating a price. The agent is employed to get the best price for the vendor. I know if I employed an agent, I would be annoyed if a potential buyer tracked me down and tried to negotiate with me…[Read more]