CONGRATULATIONS ROSE
[thumbsupanim] I’m sure everyone is as thrilled for you as I am!!!
Well done….go girl!!![medieval]

Hi Fromna,

On quick observation, one of two things may be hindering your property sale. Either your asking price is too high and/or the property isn’t being marketed properly (or both). Quick solutions, review your reserve, see out the contract with current RE and when it expires get a new one and/or multi-list.

Bear in mind, the market has…[Read more]

Hi Deanna,

With the limited amount of info provided, I really am unable to advise either way. 6000 residents isn’t a huge issue (I personally live in a very rapidly expanding suburb, full of new homes which has a population of about the same) however the employment opportunities are greater due to it being only 20K from CBD and surrounded by…[Read more]

Hey Sonja,

That’s cool; if you don’t ask, well then you don’t learn hey???

I didn’t know about him before either, until you brought it up, thus I went in and had a “sticky” at his site!!

So you see, even seasoned property investors can learn from young guns like yourself!! [thumbsupanim]

Many thanks,

Jo

Originally posted by Aceyducey:
Remember the price you pay is the market price, if they accept it the price cannot by definition be ‘ridiculously low’

I couldn’t agree more Acey!!!

Pepper, the market is made up of people and as such YOU are that market!!! If the vendors accept your offer, then it cannot be considered “too…” anything!!!…[Read more]

Celivia,

Don’t know what you mean by “conspiring” nor “ridiculing”. If expressing one’s opinion is considered so to you, then that is a shame, nevertheless you are as entitled to your opinion as much as the next person.

As for investing for many years, I am not absolutely certain to whom you are referring, but (for me) it is not an issue of time…[Read more]

Personally, I couldn’t reduce my taxable income to 20K if I tried, and even if I could, don’t know that I’d really want to!!!

Sadly, 20K is just not going to keep me in the lifestyle to which I have so fondly grown accustom to!!! [blink]

[winking] Love Ya Supa Freak !!!! [winking] [thumbsupanim]

Don’t imagine so, but I am not a legal eagle so who am I to say for sure.

The taxation dept is not that trusting, and CGT is not calculated simply on guessimated profit, but takes into consideration “market value”. Hence as a vendor you have to prove what “similar” homes in the area were sold for. For example if you declare that you sold a…[Read more]

Bennido,

As Myydral suggested, start with the local council of the area in which you wish to purchase.

http://www.ica.com.au/corpaffairs/mediareleases.nsf/0/d824aec12883dc004a2569f800166b59?OpenDocument
(Media release advising people of Insurance Councils production of a Flood Brochure)

As provided…[Read more]

The Good:
Bought first home (later becoming first IP) just before my 18th birthday.

The Bad:
Landed the “tenants from hell” who vandalised and then torched my first property to the ground!!

The Ugly:
Had to learn to become hard virtually overnight!! Learning other RE lessons along the way, a challenging (and at times ugly) reality check.

Back…[Read more]

Hi Rose,

I have replied to your PM; and supplied the info you requested. Let me know how you get on.

Cheers,

Jo

Hi Ray,

The removal of report access for Victorians on rpdata appears to be a recent thing, as I had no problem in looking up suburbs in Victoria only as far back as last week!!

Don’t forget your general search engines; they can be useful as well!!

Cheers,

Jo

Hi Learay,

Sadly, as a fellow Victorian, I can tell you that rpdata reports are no longer available to those of us here (that includes the paid reports as well)!! [glum2]

You might want to try: http://www.domain.com.au/UserServices/searchAPM.aspx?mode=subsell instead (not a fav of mine, but hey, better than nothing)!!

Jo

Marc,

Originally I wasn’t going to give my opinion, because I felt this was a decision which Bennido needs to make for himself; however I realised that that was not necessarily the right approach to take, as he had asked for people to do just what I wasn’t doing; hence I obliged!!

My suggestion was to raise the rent, but not dramatically, for…[Read more]

I’m with you Supa Freak, moron or not [tongue] he is soooooo cute !!! [winking] Lucky I’m married, or I’d be dribbling, babbling mess at his seminar!!![blush2]

Ditto Yack/Del – healthy addiction, except for those annoying ….. !!!!!! ??????
I just get soooooo carried away; simply can’t help myself from getting heavy handed with the little beggers…much to the dismay of some in here!!!! [lmao][laugh4][lmao][laugh4]

Why some people get so peeved at the excessive use of exclamation/question marks is…[Read more]

Oh Bennido,

So many “if’s” and “could’s” but what you really need to ask yourself is “why”??

Why do you want the IP?? Because it “could” be cashflow positive based on what you have read in another’s book?? Remember Steve is a primarily a businessman, and although a nice guy, emotion is not what got him to where he is today!!

Have you fully…[Read more]

Originally posted by bennido:
Talking about bad agents, if we have a personal experience, can we name the bad agent and explain why they are bad in this forum ?

Guess the same goes for tradies, lawyers, banks, etc …

Bennido,

Publicizing names of bad business associations is not permitted here however you may wish to do so…[Read more]

Thanks Diclem,

The direction??? Yes, they went straight to the courthouse and from there I’d imagine prison; they were charged with arson. Although I can laugh about it now, at the time I copped quite a stirring over it by my fellow workmates, as I was working for the fire service when it happened!!! [blink] The CFO gave me grief for months…[Read more]