enlad,

You said in a post that it was all exhilirating. What is exhilirating about asking someone else to find a property for you? That is one of the bext parts of this game! The rest can be hard and boring.

If you are gonna spend big bucks on property, do your own homework, bud.

kay henry

Yes Chan- I am too :o) PG may have changed his plan- he may now be going on Friday with sis, according to the above post.

On sunday, will be Rugby, Teacherk6, MortgageHunter, Melbear (this good for you, miss mel?), MiniMogul and you Chan. And me

I’m hoping elves can come on Sunday too? *pokes elves* I know PG will be overseas by then *sob*, but…[Read more]

shirley,

Sure, that’s correct. goes to next of kin. Now, in homosexual relationships, partners don’t automatically inherit, as they do in het relationships. My assets wopuld go straight to my mum, basically. She’d allocate.

Really, a will is only required if you have some special requirments- but apart from that, the government ain’t gonna come…[Read more]

sis- your solicitor should provide you with a feee will-writing service when you buy or sell a house- mine always do although I never take them up on it- I’m slack, and death isn’t fun to think about. Basically, if you don’t write a will, your stuff will just go to next of kin.

Writing pre-nups won’t override current civil law. You could say you…[Read more]

Ozboy,

The original question related to sre wondering if she should buy her own home. That’s why people probably encouraged her to do so. We answered er question without having our own agenda- to fit in with her question. If she has asked should she buy a PPOR or an IP, people would have had different responses.

kay henry

hehe Cel- that is VERY funny! I tend to forget how green I am :o)

Yeah, you’re right about the debt- it always gets to ya- particularly for small people, like us! (well, some of us).

Doesn’t seem to get to henry kaye or rene rivkin or alan bond though. Not fair [angry2] Although jail can’t be fun.

kay henry

elves said:

“I’m going dressed as a hippee…no shoes, no bag, no pens, scratch the head a lot, blow the nose, cough, clear the place out pretty quick eh? good tactics?”

That’ll be lovely elves- drastic, but lovely!

So I should wear a name tag huh? Well, if I write

kay henry on a name tag, I hope noone is dyslexic and comes up and hits me.…[Read more]

Mini, I’m not into the term “quality investment properties” either- I think it’s bourgeois- not what I’m into at all. [thumbsdownanim

When I saw the pics of your properties all done up, I thought romantically of them- they looked cosy. Yeah, I know- I’m not supposed to have emotion about RE, but I do. I have also had the awareness, from since I…[Read more]

KBH,

Bear in mind that if you use the FHOG, you won;t be able to claim the buying costs, loan costs, etc as a tax deduction. Nor will you get rental income to assist in paying your loan off during that 6 months. Nor will you get the interest payments on the loan as a tax deduction.

You might wanna do a cost/benefit analysis to work out what’s…[Read more]

Mini,

Thing is, many people bought cheap properties prior to the boom- which have now doubled or tripled in price, so we can’t afford those *particular* types of properties anymore. The post about people’s 1st properties demonstrated people bought their IP’s at dead cheap prices. For me, I wanted to pay about the same price for an IP as I bought…[Read more]

KB- I don’t get it. I can’t get into that site. There’s no links except the contact us email one.

What gives?

kay henry

sre,

62k and 80k deposit ain’t a bad start! I see you live in victoria- well, you’ll be able to buy yourself a pretty good home with that kind of deposit – I say go for it!!

And your age has not much to do with it- in 2004, 40 is the new 30!

I doubt you’ll be living in poverty with a mortgage. Start off smallish if you’re worried. Then upgrade…[Read more]

Oh, you poor creatures, having lost all your stuff- coincidentally, I just found lots of IP’s and some jobs and clothes- they fell off the back of a truck- wondering what to do with these lime green pumps- they yours, Cel??

Chan, if I lost all my stuff, and it can happen- has happened to many people before, can happen again… then I’d probably…[Read more]

Houses- I WANT the boom to be over- i’m buying, not selling :o) I am sure some first homeowners who were locked out due to the boom, would like it to be over too.

kay henry

Recoveryman,

You could always do a search on the topic you’re looking for (go to the home page for the search engine). Then the specific topic/s will come up Click on ’em.

kay henry

Rachel,

Buy your first before you worry about buying 5! :o) Then chill out a few months and you’ll find it all slips into place. If your first stresses you, imagine what 5 could do!! Ya don’t have to do it all at once- takes a while to build an empire :o) even took God 7 days.

kay henry

benson,

Some of my favourite RE’s online have a rental section on their site. I guess you could check out if similar rentals in your area have A/C and at what price. If your tenants are living in a REALLY hot area, then an installation of AC might just be bringing your place up to standard. But then- some hot places are on the ocean too- perhaps…[Read more]

Del,

Hope all is going well with you- seems you’ve turned into a MaxiMogul from your TV interview- congrats :o)

I would have to say, that there will STILL be areas of growth in Australia- just depends on the city/town one is looking at- but I think they’re still around. A place I’ve been looking at has such potential for growth- new industry…[Read more]

Thanks Mini! That kind of dough is pretty reasonable for the outcomes, I reckon [smiling]

That’s one good thing about buying older houses/units- floorboards!!

Does anyone know what year, or thereabouts, floorboards stopped being used? One of my places I bought sight unseen, and was told there was no floorboards, and then went to see it, pulled…[Read more]

Bec… umm… you said:

Well, I live in Mount Gambier in South Australia and I work for Ray White Real Estate so I am an agent.
Yes there are a few diamonds in the rough here in the mount but if I am looking for financial independence it’s not going to come from two or three diamonds I am going to need a whole mine of them….. hence my question…[Read more]