They had on the news yesterday that there have been thousands of people dobbing others in – mostly ex spouses/business partners and I think neighbours.[8]

Cheers
Mel

1468[}]. I must, I must, I must increase my posts!!

Muppet, you need to tell me what file I need to copy. My brother lost a game for my Dad (and he was not happy!), so it’s now reset (again) and back to about 54 wins with no loss…..

I’ll just have to increase my signature so it’s as long as SIS’s – that will get me over that 25 word minimum…[Read more]

Rhino in the current market where most places have boomed, you’re going to have to be a bit more creative in finding the deals – there aren’t as many as there used to be.

I’m not really looking, but it seems that people on this site do keep finding them.

Cheers
Mel

I have done a couple of settlement day inspections – definitely needed to do one where the guy was a shonk. Included furniture, but tried to say that two single beds were joined together and just ‘looked’ like a double bed.

I just said ‘too bad, you should have read your contract – now get me a double bed, or we take this through the…[Read more]

Good point Guru – himself?

Cheers
Mel

I’ve had some tenants that demand a lot of things. We agreed that at one of them, they could have a power point installed on the balcony (I didn’t really want it – but they demanded it for their tank for their turtle or something) but my brother had to do it.

We installed one, and then they cracked the s***s and refused to pay cos it wasn’t…[Read more]

Hi PS

I think you’ll find that there is generally a tradeoff. the higher the yield, the lower the CG.

To roughly work out what (if any) CG you are looking at having in this town, check out the population trends, industries etc. If it is rising, and there will need to be more houses to accommodate the extra people, you might find there will be…[Read more]

WAF, I think it’s because not as many people understand commercial as residential. We all live in a house/unit so we know what to look for.

With commercial it’s very different. There also aren’t many books on the topic. The finance can be more difficult to secure, plus they are higher rates. One other problem is that often the prices are much…[Read more]

Do you know, before I was introduced to this site, and Steve’s book (in that order), I’d never heard of the 11 second rule. Interest rates were at 6%, and I wouldn’t buy any property with a return of less than 6.5%. I think that shows my -ve gearing focus, but I also did my calculations on rent vs interest, rather than taking into account all…[Read more]

I agree with Kay. If the numbers stack up at the asking price – and you know it’s a fair price, why not pay it?

Although there are some vendors who will list a price, recieve an offer of full price – and still hold out to see if anybody wanted to offer anymore. An agent rang me a few weeks ago after I’d been through a townhouse on its first…[Read more]

Guru, they can definitely pay you rent out of that extra $50K they are charging you. I’m quite amazed that they openly tell you that the are charging you too much. AND you have to fund it yourself!! I think that’s why they take the Sydney people – it’s still a ‘cheap’ price, and you get a ‘great’ rental return.

They could easily afford to…[Read more]

alliwant, it depends on how long you are planning to work I think. If you’ve got at least another ten years that you’re happy to go to work, then a -ve house could be ok.

If you can purchase your two properties where the cashflow is close to neutral or positive, then do it. If you can get a CG property, then that will certainly help you later…[Read more]

I have had an LOC for many years and have never been asked to submit financials for a review.

The idea of a LOC was not to have a fixed rate – which you can do, but would sort of defeat the purpose I suppose – but to enable interest only payments for the entire period if that’s what you wanted, and would help increase affordability.

Regarding…[Read more]

With regards to declining finance – does it always get registered?

I got declined late last year and haven’t seen anything on my credit file to suggest that I was knocked back – it was actually my trust that was knocked back, but it was on my personal servicability.

I subscribe to baycorp and haven’t seen any decline hit my file?

Cheers
Mel

Doogie, try this link. It gives access to all backissues. If you click on the latest, it should have some links in it.

https://www.propertyinvesting.com/newsletter/backissues

or try http://www.propertyinvesting.com/newsletter/xmas.html

Cheers
Mel

Hi Westan, welcome back.

Hope the land of the long white cloud is treating you well.

I think the Kiwis remember that ‘incident’ because they haven’t won anything since.[:p] I reckon they’ve paid us back many times though – the biggest payback would have to have been Ansett.[V]

Cheers
Mel

Originally posted by kay henry:
If ya wanna find a significant other, you can find plenty on the net! Or does that defeat the purpose?

[][]

I thought I had in Fatboy, but he’s gone quiet! Oh well. I think the net defeats the purpose[!]. I’m missing doing some things that I (vaguely) remember were fun. Sort of helps if two people are in the…[Read more]

Wasn’t my family good enough Guru? []

Cheers
Mel

No no no, SIS, I was trying to make my 1000 posts, and responding to yours sometimes was not necessary, and therefore I had to go searching for other posts to answer, and increase my tally.

Don’t stop giving good answers, or I will use my (maybe) new Moderator powers to ban you!!

Cheers
Mel

Oh, woops! Forgot to say Thanks
1004….

Cheers
Mel