PropertyInvesting.com | Malachii | Activity https://www.propertyinvesting.com/members/malachii/activity/ Activity feed for Malachii. Sat, 11 Apr 2026 17:42:22 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3c3cf9fa04987bc5c0975d2eff3e1df6 Malachii replied to the topic $10K To Start? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4375885-10k-to-start/#post-4489122 Tue, 07 Sep 2004 11:11:25 +0000 Originally posted by Monopoly:
It can be done, even guaranteed, but the real question is not HOW, but rather, at WHAT RISK LEVEL???

Remember, a fool and his/her money will soon part ways if they gamble on chance!!!

Jo

If its guaranteed – where’s the risk – isn’t that what a guarantee is for?????

That sort of return is quite easy as a one off…[Read more]

]]> 4e4f9cab0f610531750dce9f4fb6f2bc Malachii replied to the topic My sob story in the forum General Property https://www.propertyinvesting.com/topic/4375300-my-sob-story/#post-4485199 Tue, 03 Aug 2004 08:26:47 +0000 Westan – Yes – we have landlords insurance (although anyone that has ever made a claim on this insurance will know that you can only recover certain things ie the damage must be “malicious”. All the crap and rubbish left everywhere are my problem)

GMH454 – The tenant had secure tenancy as they had just signed a 2 year lease so there is no way a…[Read more]

]]> 7cae3e403c56d17cf3d19a40501dd092 Malachii replied to the topic Cash flow + property -- who needs it??? in the forum General Property https://www.propertyinvesting.com/topic/4374961-cash-flow-property-who-needs-it/page/2/#post-4482456 Wed, 14 Jul 2004 19:06:24 +0000 I’ve never found one to be mutually exclusive of the other. All our properties that we have bought (over a 7 year period) have been cashflow positive and all have shown substantial CG. I found this even before the latest “boom”. Why not have both??

]]> 56b9c5c3156210d91ef6ef41eb7bc121 Malachii replied to the topic Approx 8% rental returns, where???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374859-approx-8-rental-returns-where/#post-4481647 Wed, 07 Jul 2004 04:35:23 +0000 Monopoly

I am currently selling 4 houses one of which has a 2 year lease (only 6 weeks into it) that has a 8% return on the asking price. It’s in Victoria and I think (and the agent seems to agree) that it is fair market value. It’s even advertised on the net with an 8% return so they are there if you look.

(ps – this is not meant as…[Read more]

]]> 484f6582c72879d96984b91c788afcab Malachii replied to the topic Tenant Rewards?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374043-tenant-rewards/page/2/#post-4476065 Sat, 05 Jun 2004 06:55:31 +0000 Understand where you are coming from Monopoly – we have been burnt a couple of times too (once to the tune of $9000++ – oh well). You can do these things without becoming to “close to the tenants” though. We contact the rental agent at the end of the month to make sure the rents have been paid and then we post the tickets – no actual contact…[Read more]

]]> e37f5cb56f8b64cec33f0f0eb0567cf9 Malachii replied to the topic Tenant Rewards?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374043-tenant-rewards/page/2/#post-4476063 Sat, 05 Jun 2004 06:24:27 +0000 We own 4 houses and we send each tenant (who is up to date with payments) 2 passes to the local cinema each month. I was actually wondering only the other day if it was worth it when my younger brother called to tell me that he had met one of our tenants at a party. Without letting on that he was related to me he asked about the house she lived…[Read more]

]]> 4a9687ddbbba5c6bf8a1c895a6410b91 Malachii replied to the topic What are your occupations? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4373610-what-are-your-occupations/page/3/#post-4472861 Tue, 01 Jun 2004 08:21:33 +0000 Flight Instructor – used to teach aerobatics and formation flying – now teach people to fly big stuff for major airline. Not as glamorous as it sounds – spend more time in a simulator than I do out in the real world!!!

]]> 3cacd374b64778fc202cf22c50197d4a Malachii replied to the topic Getting monies awarded by tenancy tribunal in the forum General Property https://www.propertyinvesting.com/topic/4369584-getting-monies-awarded-by-tenancy-tribunal/#post-4440946 Thu, 27 May 2004 06:47:12 +0000 Hi Yack

Yeah – I actually did use them and found they were worth about what they charge – nothing!! After submitting all the paper work I heard nothing much until I contacted them after 2 weeks. They said that they had sent out letters. When I went to confirm with them where the letters had been sent they hadn’t got any addresses in the system…[Read more]

]]> 95a1e24fccf9ef00030d7816a0558e63 Malachii replied to the topic Morwell Vic in the forum General Property https://www.propertyinvesting.com/topic/4373962-morwell-vic/#post-4475444 Tue, 25 May 2004 00:45:04 +0000 Westan

Morwell right now I would say is in the transition between topping out and declining. More and more houses are appearing on the market but sellers are still expecting top dollar (a few are still getting it which encourages the rest – but it is slowing). Cheaper houses (ie those under $100k) are selling quickly (you see maybe 2 per month)…[Read more]

]]> 584902e8408eeb0abfdf7f45e82fbe0a Malachii replied to the topic Polishing Floorboards in the forum Help Needed! https://www.propertyinvesting.com/topic/4372334-polishing-floorboards/#post-4463466 Fri, 26 Mar 2004 04:27:01 +0000 We recently finished sanding the floors in a 4 bedroom house (it was huuuuggggeee). The quote for a professional come in at just a touch over $5000. We did it ourselves for about $600 and it looks sensational. We asked around a few places for advice and found a really good place (Paintright – they supply the stains and vanish for the…[Read more]

]]> f44fb705c42d8cf17b4aee476c92cec5 Malachii replied to the topic When buying an IP... in the forum General Property https://www.propertyinvesting.com/topic/4371729-when-buying-an-ip/#post-4458397 Wed, 03 Mar 2004 22:59:20 +0000 Unless you have indications showing potential problems – why upset your cashflow right from the start? With tenants I usually assume innocent until proven guilty. Having said that we have bought a place where you could tell the tenant was trouble (ie the real estate agent wouldn’t go into the house because of the smell of dirty nappies stuck to…[Read more]

]]> aa17f306a6e74b3ef2546dbbb4064006 Malachii replied to the topic Good news for Geelong investors in the forum General Property https://www.propertyinvesting.com/topic/4371484-good-news-for-geelong-investors/#post-4456003 Mon, 01 Mar 2004 20:57:17 +0000 Melbear

You know – it’s funny – I was in a meeting with senior management when the announcement was made about the name and within 30 seconds it had been changed to(“christened”???) pornstar and it seems to have stuck – maybe we should have passed it on to marketing.

In regards to it becoming the “domestic” operation this rumour has been going…[Read more]

]]> 171c96493911f327418488222b06e655 Malachii replied to the topic Good news for Geelong investors in the forum General Property https://www.propertyinvesting.com/topic/4371484-good-news-for-geelong-investors/#post-4455997 Wed, 25 Feb 2004 03:10:46 +0000 Kendell tried to operate out of Avalon for quite a while and couldn’t manage to fill a Beech 1900. Not sure how much luck Jetstar will have filling an A320. Sure you will get people from Geelong and the coast but how many people will travel to Avalon to catch a flight from the rest of Melbourne/Victoria? The big advantage I see at the moment is…[Read more]

]]> f7dab458cc229f1930e7a242aa00f777 Malachii replied to the topic positive cash flow properties in the forum General Property https://www.propertyinvesting.com/topic/4371439-positive-cash-flow-properties-2/#post-4455597 Tue, 24 Feb 2004 20:46:25 +0000 Westan
$74000 and it is rented for $160 pw (4br – Owner in hurry to sell – we offered 30 day settle so he dropped his price – funny thing is we actually bid on this house almost 5 years ago and were the loosing bidder at $23500 – I didnt quite understand what I was doing back then – not sure I do now sometimes!!!). As I said not as good as we…[Read more]

]]> cd297594ad3ae1a1e88062eef7f4d148 Malachii replied to the topic positive cash flow properties in the forum General Property https://www.propertyinvesting.com/topic/4371439-positive-cash-flow-properties-2/#post-4455590 Tue, 24 Feb 2004 05:36:04 +0000 Westan
I had to laugh when I read on a previous post that your wife wouldn’t let you buy in that town. My wife still will not let me even read a page in a real estate section that is from that town. She’s been that way since we started investing in 1997 and prices then were a little(!!!) cheaper than they are now.

]]> 383ee28e4c86640b99accb2663cb7260 Malachii replied to the topic Agents submitting offers in the forum General Property https://www.propertyinvesting.com/topic/4371441-agents-submitting-offers/#post-4455611 Tue, 24 Feb 2004 01:40:25 +0000 If your in Victoria get a copy of the new guide from Consumer Affairs. In there it tells you what your after. There’s also been some discussion on this in a previous thread if you do a search.

]]> d4628e50ab03d06010311ca30a8eec19 Malachii replied to the topic positive cash flow properties in the forum General Property https://www.propertyinvesting.com/topic/4371439-positive-cash-flow-properties-2/#post-4455588 Tue, 24 Feb 2004 01:34:24 +0000 Westan – I’m surprised at your comment – We just (2 weeks ago) bought a house in a town that is near the town where your wife wouldn’t let you buy in. It returns 11.25%. Not as good as it was a few years back but the house backs onto one of our other houses and we think we may be able to develop at a late date.

]]> 471debfcdd16e349d3451370d5242055 Malachii replied to the topic Agent refusing offer in the forum General Property https://www.propertyinvesting.com/topic/4371336-agent-refusing-offer/#post-4454958 Thu, 19 Feb 2004 07:38:36 +0000 Felicity

If you get a copy of the new regulations for real estate agents from consumer affairs in Victoria it quite clearly specifies that agents MUST present any and all offers that are made to the vendors. I posted the contact details in the Heads Up forum about 2 weeks ago. Its a free document, pretty easy to read and unbiased.

]]> bc90bac18bcfb30d8b2e1a8a5bdedb94 Malachii replied to the topic Lost, confused & stressed in the forum Help Needed! https://www.propertyinvesting.com/topic/4371056-lost-confused-stressed/#post-4453183 Fri, 06 Feb 2004 00:18:57 +0000 ginamarree

We did the exact thing that you are considering a few years back and I would say it worked well. However, having said that let me add this. If you are the type of owner that is going to worry constantly about the way the property is being maintained (and I mean more than the usual interest you need to show for any property) while you…[Read more]

]]> 467257ab524f5c2b3280b77e3779cc63 Malachii replied to the topic fibro ? asbestos in the forum Help Needed! https://www.propertyinvesting.com/topic/4371048-fibro-asbestos/#post-4453152 Thu, 05 Feb 2004 08:53:35 +0000 We have 3 houses that have varying amounts of asbestos in them. Asbestos is fine as long as its not disturbed (eg strinpping paint away, breaking boards etc). There are also different types of asbestos. The one you really need to look out for (in housing anyway)is the one that has golf ball pimples on the back side of the sheet (does that make…[Read more]

]]> 9ab25f32fd39e6e07c7d2db007d7e557 Malachii replied to the topic Does this make sense???????? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4370823-does-this-make-sense/#post-4451241 Wed, 28 Jan 2004 13:00:49 +0000 Trust me – haven’t had a tv for 11 years and it’s great. Every so often when you feel like doing nothing you miss it but as my wife says “we’re only just married[:X]” (11 years and only 2.5 kids[^]).

]]> af1a83aca4a7569c55cdd4fec1759c8d Malachii replied to the topic Last Night's Dale G-G Seminar!! in the forum Heads Up! https://www.propertyinvesting.com/topic/4369625-last-nights-dale-g-g-seminar/#post-4441296 Thu, 27 Nov 2003 07:43:34 +0000 Does anyone know if another one will be run. I had to work last night

]]> f25f95856c2d13cfe0b7564f0036c39b Malachii replied to the topic Landlords Insurance in the forum General Property https://www.propertyinvesting.com/topic/4369519-landlords-insurance-3/#post-4440484 Fri, 21 Nov 2003 11:37:47 +0000 As the saying goes – “Dont leave home without it”.

We’ve had some absolutely brilliant tenants who we thought were so good that we didnt need landlords insurance for……$12 000 later we learnt an expensive lesson. Always have it. $300 per year is nothing compared to the loss of having to refit a house, rebuild the backyard and not have any…[Read more]

]]> e3ef86565c17ec9e19012dbfa0add6da Malachii replied to the topic ITS GONE DOWNHILL! in the forum Opinionated! https://www.propertyinvesting.com/topic/4368954-its-gone-downhill/#post-4435816 Wed, 05 Nov 2003 11:25:25 +0000 Not all “newbies” are “newbies”. Some of us have been reading this site for a while but it took time before we had the courage/knowledge to post anything. You will also find that some newbies have been investing in +ve cashflow properties for years (this wasn’t some secret principle only known about by people on this forum) and may be able to…[Read more]

]]> 6a8ff7d62d3acedde7ee0f5debc31693 Malachii replied to the topic property manager in Traralgon/Morwell in the forum General Property https://www.propertyinvesting.com/topic/4369086-property-manager-in-traralgonmorwell/#post-4437001 Wed, 05 Nov 2003 04:06:04 +0000 If we are all so unhappy – there must be others that think the same, why dont we get together and start our own property managing company down there. We could employ someone like Jeff (maybe even him). That way we get someone who sees the tenant as an asset, will look after the property correctly and also communicate properly with the landlords.

]]> f50ea61ae16c36e6c9ca4094e17797c4 Malachii replied to the topic Housing commission area in the forum General Property https://www.propertyinvesting.com/topic/4369218-housing-commission-area/#post-4437997 Tue, 04 Nov 2003 08:17:48 +0000 We own several properties in Housing Commission areas and I wouldn’t say they have caused more or less problems than in other areas we own. It all comes back to having a good property manager (or being one yourself) and keeping a good eye on what’s going on yourself. After all – no matter how rich or poor you are most people just want to live in…[Read more]

]]> 7a44cdc13d054e89292eb0eb18dbade8 Malachii replied to the topic property manager in Traralgon/Morwell in the forum General Property https://www.propertyinvesting.com/topic/4369086-property-manager-in-traralgonmorwell/#post-4436998 Fri, 31 Oct 2003 20:12:57 +0000 fullout

With a fixed term tenancy you cannot raise the rent until after the lease has expired. You also need to give notice prior too raising the rent – this used to be 3 months prior but has changed recently i think to 6 weeks but you may need to check that. Get hold of the tenancy booklet (from any r/e agent or tenancy tribunal) it outlines…[Read more]

]]> bf18403419da42dfb1447e2909a2c446 Malachii replied to the topic Ss complete ver 1.0 in the forum General Property https://www.propertyinvesting.com/topic/4369146-ss-complete-ver-1-0/#post-4437400 Fri, 31 Oct 2003 07:02:37 +0000 Love to have a look at it.

pepptalk at yahoo.com

]]> 18d80ab91f71b5ddeba7222a6d2dba82 Malachii replied to the topic property manager in Traralgon/Morwell in the forum General Property https://www.propertyinvesting.com/topic/4369086-property-manager-in-traralgonmorwell/#post-4436991 Fri, 31 Oct 2003 07:01:14 +0000 fullout,
There are 4 in Morwell. The S one, BJ Bennett, Keith Williams and Ross Madaluno. Of them all BJ Bennett is best and unfortunately as I said Jeff is not hands on anymore. However, I would suggest that you talk to him as he is very obliging and will do what he can to look after you. I actually talked to a friend of ours who has said…[Read more]

]]> 293a8d807b556706c60e87b42ea55c40 Malachii replied to the topic property manager in Traralgon/Morwell in the forum General Property https://www.propertyinvesting.com/topic/4369086-property-manager-in-traralgonmorwell/#post-4436987 Thu, 30 Oct 2003 10:47:44 +0000 We’ve had several properties in Morwell for many years. We changed to BJ Bennett about 18 months ago under Jeff White who is exceptional[:D]. However he has recently taken a promotion to management and isn’t hands on anymore and his replacement leaves quite a lot to be desired[:(]. However, she is still the best of a bad bunch and the best thing is…[Read more]

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