Yes,
but property investing is interesting to everyone on this forum, and the main point of this forum I suspect.
There are those here who want to share knowledge and ideas with others about investing in property, and there are those here who are trying to self promote…

Cheers,
Marc.
erardent@hotmail.com

been done before. yawn.
[sleepy2]

Cheers,
Marc.
erardent@hotmail.com

Originally posted by Qlds007:
Nothing to stop you approaching them but same story you won’t find a UK Lender take an Australian property as security.

I still have a couple of UK loans but they are all on Uk properties.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Originally posted by The Contrarian:
10 yrs ago it was $50K, today I think $100K+.
Ofcourse that is just the beginning for some.

“There is nothing scarier than ignorance in action”

Are you saying the ‘average’ income is $100k? Or are you saying it is a ‘high’ income?

Cheers,
Marc.
erardent@hotmail.com

Yeah, I understand. You need to re-evaluate what your goal for this property is/was. Try to look ‘big picture’ for now.
Did you buy it with the intention of keeping it long term? if so, it is way too early to assess it’s performance. Look at it after 7 years – this is around the time-frame for properties to get close to doubling in value (7-10…[Read more]

I have never done one, but I can tell you what tends to happen with them.
From the agent’s point of view, they don’t really get behind the listing and try to push it as they can have the property sold by another agent in another company at any time, thus wasting a lot of time and work and commission.
From a buyer’s point of view, they are out…[Read more]

Your exit strategy depends on your investing goals and your tolerance for risk of loss. An exit strategy should be based on the question ‘what is the worst thing that can happen?’
Personally, I am risk averse and like to sleep at night, so my entry strategy is low risk to begin with, which makes my exit strategy easier. When I assess a possible…[Read more]

The capital gains tax is calculated at your own marginal rate.
If you sell after 12 months, you only pay cgt on 50% of the gain at your marginal rate. This can cut down the tax payable enormously.
For example;
Your marginal tax rate on your salary is 30%.
You buy a property and sell it after 13 mnths for a $50k gain (why sell it? – another…[Read more]

This loan has been very popular here in the U.S of recent years, and there is expected to be massive foreclosures in the next 1-2 years when the rates convert back to the normal rate.
People will find they have loan repayments they can’t afford, and a house they owe more on than when they started with. Not only that, a lot of areas are…[Read more]

Hi ttman,
If it’s within 7 km’s of the cbd I think that over the long term you should be o.k. According to some, the Melb boom ended at the end of ’03 (maybe earlier) so it may be the wrong time to be evaluating the cap growth.
Is maidstone surrounded by suburbs that have already boomed, or are being ‘gentrified’ recently? if so, you may find…[Read more]

Quite right Simon,
this was my point also, but not explained as well as you. I was trying to illustrate to summersky that a down market is not a reason to ‘jump ship’ so to speak in either shares or property.
It just happens to be up for shares and down for property -generally.
A good investor can make money in all…[Read more]

I was speaking to a r/e agent that I know here in L.A yesterday, and he said that this time of the year is traditionally a bit slower – less sellers, less buyers.
I guess the pattern is the same everywhere, but there are always houses on the market.
Get out there and find a bargain Daryl!! and if you find one – tell us.
Speaking of the agent in…[Read more]

I hope you are typing with one hand on the keyboard, and the other on the chequebook!!

Cheers,
Marc.
erardent@hotmail.com

Hi Beth_ Macleod,
I am from Melb, and I agree with glengyron; I am pretty sure you won’t find any decent rent returns in the nice Bayside suburbs. Plus, this is a high entry level area. Land value alone for a standard block is about $500k in the inner and bayside suburbs close to the city. This area is more for the cap growth. (read Monique…[Read more]

Yes you can do it for that.
I did a ‘basic’ bathroom reno on a unit I have for approx $600.
From memory, and guessing, the tiles & glue were about $150, new mirror $90, paint $50, IXLtastic fan $90, electrical work, $110, new blind $15, shower head $ curtain $30, new lino tiled floor cover $50.
I didn’t have to install AC sheeting for the tiles to…[Read more]

I agree with duckster.
I think the average wage according to the govt is about $50K per year? I think this is a bit optimistic myself – there are many more people on low incomes than high incomes, and the fewer high incomes pump up the average I suspect. One CEO is worth about 200 check-out persons at Safeway.
So, based on those figures, anything…[Read more]

Hey Xenia,
how about XEN Properties.

Cheers,
Marc.
erardent@hotmail.com

No offense summersky; but isn’t that the herd menatality? – the property market dives so they all rush to shares.
A lot of smart property investors are getting out the chequebooks now, and a lot of shares investors are sitting on theirs.
I love Warren Buffett’s quote and I’ve mentioned it before on this forum – “I always buy my straw hats in the…[Read more]

Originally posted by celeste:
Hi Crashy

Reminds me of Perth 3mths ago.

Anyway, my mum and dad lived there redcliffe 10yrs ago about 4 houses from the water – left hand side of bridge over from the main land.

They were told it is being reclaimed by the sea, because of the higher water levels caused by melting ice caps or something, they…[Read more]

we had guessed

Cheers,
Marc.
erardent@hotmail.com