PropertyInvesting.com | myoung | Activity https://www.propertyinvesting.com/members/myoung/activity/ Activity feed for myoung. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4b9e9ad318412ba06bd93af3aec70f95 myoung replied to the topic Agents acting in the interests of their vendor in the forum General Property https://www.propertyinvesting.com/topic/4381949-agents-acting-in-the-interests-of-their-vendor/page/3/#post-4527984 Sun, 09 Oct 2005 06:39:50 +0000 Originally posted by Eisbaer:
I am an agent in Brisbane, and standard practice in our office is that when there are two offers on a property, we have to get both buyers to sign a declaration saying they have put forward their best offer, and may not get another chance to do so.

So in your case, if you made an offer on a property, and then we…[Read more]

]]> 048ac4bef6c29b2d486a0506cc448d43 myoung replied to the topic jenman agent??????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381915-jenman-agent/#post-4527730 Thu, 01 Sep 2005 12:53:50 +0000 A friend of mine got one of these jobs, they are real but you have to jump through hoops. The reason it may sound like telemarking is you earn your stripes, ie start out cold calling for listing appointments and progress to listing and sales within six months. He had to study the Jenman system and pass an exam before getting the job. Actually…[Read more]

]]> c39cb54b56342c0a9523bce18ec8b56e myoung replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/2/#post-4524671 Fri, 05 Aug 2005 10:10:52 +0000 BA XR8, fun and 80% business use on a $15K car allowance
96 Jeep for the wife on Gas, family truckster

Regards,

myoung

Money doesn’t buy happiness, but it sure as hell can mitigate a lot of things that make you miserable.

]]> 66360e40d60fe10089d0984c8328748c myoung replied to the topic Access to property b4 settelement in the forum Value Adding https://www.propertyinvesting.com/topic/4381331-access-to-property-b4-settelement/#post-4523827 Sat, 30 Jul 2005 23:49:02 +0000 Have done it recently with just a clause agreed to by both parties solicitors. No Licencing agreement required. For minor alterations.

Don’t forget to take out insurance before you occupy, especially if your using sub contractors AT ALL.ie Public Liability etc.

Regards,

myoung

Money doesn’t buy happiness, but it sure as hell can mitigate a lot…[Read more]

]]> c24e02c852e6acb04b932d7543506bd7 myoung replied to the topic Just one tip... in the forum General Property https://www.propertyinvesting.com/topic/4381282-just-one-tip/page/3/#post-4523499 Sat, 30 Jul 2005 05:49:03 +0000 Appologies if they have already been covered:

-Don’t forget to spend time with your family, it’ easy to get carried away.
-Research, research and research.
– The more you learn, the more you will realise how much MORE there is to learn.
-Ugly ducklings are goldmines – less competition and easier to get bargains. Focus on ones that are…[Read more]

]]> 1182021a053002927baf3325cfded75e myoung replied to the topic What would you do if you were me? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381304-what-would-you-do-if-you-were-me/#post-4523678 Mon, 25 Jul 2005 08:29:43 +0000 Stay were you are or rent with friends to keep your expenses down and save like mad for your first investment. Stick what you have already saved in a managed fund or at worst high interest savings account(ie BankWest or IMG) and work towards you first property investment. While your doing this educate yourself as much as possible. Read books,…[Read more]

]]> a2d5e7bc98490699750779e80f13cc13 myoung replied to the topic Diamonds in the rough in the forum General Property https://www.propertyinvesting.com/topic/4381288-diamonds-in-the-rough/#post-4523566 Mon, 25 Jul 2005 00:25:38 +0000 Hi Jenny1,

I bought a property in 98′ in Vermont Vic. It was an ugly duckling. It was on the market due to a marriage breakup and had been unoccupied for a few months – the grass in the back yard was 5 feet long(I’m not exagerating). It was 860m2 in a court with a 11sq weatherboard that had some interesting renos but wasn’t finished. The base…[Read more]

]]> e768c123e9236191d4a8eadce86109cd myoung replied to the topic PPOR- regretful purchase in the forum Help Needed! https://www.propertyinvesting.com/topic/4381207-ppor-regretful-purchase/#post-4523047 Wed, 20 Jul 2005 02:31:51 +0000 Take photos of the cars where you can’t be seen doing it and send anonymously to the cops

]]> 3ea4ed5a41b349a01658882f4a74dfc8 myoung replied to the topic catch 22 in the forum No Subject https://www.propertyinvesting.com/topic/4378417-catch-22-2/#post-4504641 Sat, 05 Feb 2005 05:45:25 +0000 Originally posted by Ricksta:
hmmm I know your right Foundation but renting in my opinion is such a waste of money. Maybe I’ll have to change my direction and look for a cheaper alternative. eg: townhouse or unit not a freestanding house [glum]

Not if you rent something that is in a low yield area and buy an another investment in a high yield…[Read more]

]]> 2ff383dfeecc034a51a2f7f61c7429a8 myoung replied to the topic Tenant just won't move in! in the forum Help Needed! https://www.propertyinvesting.com/topic/4378490-tenant-just-wont-move-in/#post-4505159 Sat, 05 Feb 2005 05:34:15 +0000 Something tells me if they are renting the place to grow, they may be just growing more than one!

]]> b14e3be01704c8b5857a127da25a6428 myoung replied to the topic boom bust in the forum General Property https://www.propertyinvesting.com/topic/4377710-boom-bust/page/2/#post-4500352 Fri, 14 Jan 2005 08:48:32 +0000 Originally posted by lukis p:
myoung, even if my propeties go sidewards for 3 years i have still made significant gains, i have locked in for 15 ytrs at 7.4 % I am in for the long haul.

Lukisp, that is the point i was trying to make(obviously didn’t do it very well). All I’m saying is that if you aquire more property THIS YEAR IMHO you will be…[Read more]

]]> 7da690ff40db5a53201eaee62c4beabe myoung replied to the topic boom bust in the forum General Property https://www.propertyinvesting.com/topic/4377710-boom-bust/#post-4500340 Mon, 10 Jan 2005 04:13:40 +0000 Nobleone, believe it if you like but I tend to dismiss articles that are so obviously politically motivated.

I personally believe the greenback will move upwards in the next couple of years, time will tell I suppose.

]]> 4530d410f2d4fd062f4e8ab7c12f8fd7 myoung replied to the topic boom bust in the forum General Property https://www.propertyinvesting.com/topic/4377710-boom-bust/#post-4500338 Mon, 10 Jan 2005 00:55:03 +0000 Lukasp, my point was that property is long term and I believe we wont see the gains sustained that we have seen in recent yrs, if your going to hold property over a tough period I would rather have it making you money(while it is not appreciating much) than funding a -ve geared place waiting several years to see any gains(ie next boom…[Read more]

]]> 6ad14e53967cd3a0dfe63573fb3eb431 myoung replied to the topic Getting Started in the forum Value Adding https://www.propertyinvesting.com/topic/4377862-getting-started-21/#post-4501259 Sun, 09 Jan 2005 04:30:34 +0000 Similiar to Jenwren’s theme, set goals. Work out what you want to achieve as the end goal and then determine what you need to do to achieve it. This should also help you decide what to read attend etc. PS Warning(and apologies to the genuine seminar people out there) a lot of the seminars out there are trying to sell you over priced property in…[Read more]

]]> be5ad51a8c98a24cd2667e7d5acb5d65 myoung replied to the topic boom bust in the forum General Property https://www.propertyinvesting.com/topic/4377710-boom-bust/#post-4500333 Thu, 06 Jan 2005 04:26:52 +0000 John, reason I say that is IMHO the market has hit a point in the cycle where we will not see a continuing rise like we have, anyone no matter how ignorant could have made money in property in the last 5 yrs, I think we will see a downturn before another price boom, yields are still too low to support another price boom, so unless your being…[Read more]

]]> aae2dfa8949c7cc0d8da235ab626c0b5 myoung replied to the topic Sharing Tips- in the forum General Property https://www.propertyinvesting.com/topic/4374439-sharing-tips/page/2/#post-4479072 Thu, 06 Jan 2005 03:22:45 +0000 Tip: never tell an agent your budget as they will only show you properties close to it and prevent you making rediculous offers on higher priced properties. Makes it harder to find or create bargins!

]]> e9e5e4db7a170fe8f4a1f8f3392a541c myoung replied to the topic Own Home First? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377650-own-home-first/#post-4499849 Thu, 06 Jan 2005 03:01:52 +0000 Another alternative would be to buy the property you want as a PPOR but rent it out and rent yourselves somewhere less expensive and hit the mortgage hard with any surplus funds and move in a few years later.

]]> afa0dd0694c06632f1a634fd5a9a54d3 myoung replied to the topic boom bust in the forum General Property https://www.propertyinvesting.com/topic/4377710-boom-bust/#post-4500331 Thu, 06 Jan 2005 02:07:24 +0000 FWIW, we are not seeing potential interest rate rises in the near future(5 yr fixed at 6.95%), this is normally the killing blow that causes the price drop. If the US hikes it’s rates that can cause pressure on our rates though via currency valuations. IMHO the price correction we see will be mainly driven by oversupply pushing rental yields down…[Read more]

]]> 40e737dc8adb946b60c2100031901a0c myoung replied to the topic How much to spend on education? in the forum No Subject https://www.propertyinvesting.com/topic/4377523-how-much-to-spend-on-education/#post-4498876 Fri, 31 Dec 2004 05:23:08 +0000 Firsty, good to see people starting young, I wish I had thought more about this at 22yrs old.

Rich Dad Poor Dad is worth a read, not as a how to but more a why? It is a fairly inspirational story that will most likely be different from what most Australian’s are taught growing up.

Steve’s book 0 – 130 properties is a great book(no sucking up…[Read more]

]]> 38dfaf3ab1b9657ddb19eb3c8a2e76b7 myoung replied to the topic First foray into IP's - what about family??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377690-first-foray-into-ips-what-about-family/#post-4500223 Thu, 30 Dec 2004 23:44:24 +0000 If you go +ve cash flow you should be able to use surplus funds to help pay off your PPOR faster. As for interest rates rising in 6 -12mths, maybe maybe not, banks are offering 6.95% over 5 yrs fixed – doesn’t really indicate they are expecting a rise in the short term, and not many of the indicators point to it either. If our $ stays high and…[Read more]

]]> c2108569bca937b4241a3305318a6301 myoung replied to the topic Who owns IP's on the West Coast of Tassie? in the forum General Property https://www.propertyinvesting.com/topic/4377515-who-owns-ips-on-the-west-coast-of-tassie/#post-4498824 Tue, 21 Dec 2004 07:04:12 +0000 Devilcv8, (Monaro Owner?)

Haven’t bought anything down there yet…… Have been looking at the areas you mention though. Be careful.

myoung

https://www.propertyinvesting.com/forum/topic/14398.html

]]> ca3d8244104975342ac2faf726852427 myoung replied to the topic Cashflow positive suckers in the forum No Subject https://www.propertyinvesting.com/topic/4377428-cashflow-positive-suckers/#post-4498192 Tue, 21 Dec 2004 01:36:31 +0000 Seen a lot of this type of thing in Northern Tassie properties advertised with 6 mth leases. Easiest way to check is do a rental search on something like realestate.com.au

If the rental is way above the market then avoid, or go and make an offer(probably way below asking price) based on market rent making it a positive cash flow property.

]]> ba9482d57642c15d314c444cb8198ee9 myoung replied to the topic Where.....where......where is the info!?!?!?!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377231-where-where-where-is-the-info/#post-4496822 Tue, 21 Dec 2004 00:45:00 +0000 Originally posted by Benny:
Hi myoung,

You’re not my long-lost flatmate, are you? His name was Maurice – is that you? [biggrin]

Nope afraid not, never been a tenant, only a landlord[cigar]

Anyway since that is unlikely, I just wanted to add these – homepriceguide.com.au (no rents, but medians and averages on a month to month basis.

Then,…[Read more]

]]> 48fcc9c51b2518434a3fc11323cf1352 myoung replied to the topic House with Asbestos roof? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377265-house-with-asbestos-roof/#post-4497073 Mon, 06 Dec 2004 06:58:03 +0000 thanks Derek,

Just trying to avoid my own personal James Hardie!

]]> a2f260461d92ac90b53e26757768b88b myoung replied to the topic Finding out the market value of a block in the forum No Subject https://www.propertyinvesting.com/topic/4377294-finding-out-the-market-value-of-a-block/#post-4497183 Mon, 06 Dec 2004 06:40:38 +0000 Ask the agent for a copy of the council rates notice. It will give you a, usually conservative, valuation. If they wont show you, chances are it is well below what they are asking for it.

]]> 21331a53052198f50bcd41ca850feabc myoung replied to the topic House with Asbestos roof? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377265-house-with-asbestos-roof/#post-4497071 Mon, 06 Dec 2004 01:20:56 +0000 Thanks Scremin.

]]> 1b5925c4744c265245f6a18e7cd51601 myoung replied to the topic Point Cook (Melb) Lastest Sales in the forum Help Needed! https://www.propertyinvesting.com/topic/4377225-point-cook-melb-lastest-sales/#post-4496788 Thu, 02 Dec 2004 11:54:43 +0000 Hi Aafreen,

Appologies for the length of the following but I wrote this for a friend when they bought their first house, I’m not intending to be patronising but some of the points may be helpful if you’re new to experience of buying real estate.
Disclaimer – I take no responsibility for the use of the below information.Never can be too careful :)
re…[Read more]

]]> 8551bbeb0ef8ac8b6e18b352e588a1bd myoung replied to the topic Set up a Trust? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377107-set-up-a-trust/#post-4496175 Thu, 02 Dec 2004 11:45:35 +0000 lbgeln,
I’m not sure why you want to or how often you can make payments. From what I know trusts basically operate like normal companies, except the major difference being, that a normal company can retain profits over financial years, whereas a trust MUST pay all profits to the unit holders of the trust for the FY(ie family members) who then pay…[Read more]

]]> c7b3c5a998b063e36fc63669dbe2244e myoung replied to the topic Where.....where......where is the info!?!?!?!? in the forum No Subject https://www.propertyinvesting.com/topic/4377231-where-where-where-is-the-info/#post-4496815 Wed, 01 Dec 2004 11:45:38 +0000 Thanks Steven,

I was going nuts looking at ABS, REIV etc.

]]> 92f69ae34b379448b02b8867df43bb58 myoung replied to the topic Set up a Trust? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377107-set-up-a-trust/#post-4496171 Wed, 01 Dec 2004 09:59:49 +0000 Trusts operate basically like normal companies, except profits cannot be retained in the trust and must be dispersed(paid) to the beneficiaries annually. So in answer to your question you would open a bank account for the trust and rent would be paid into it, loans would generally be in the trusts name(although most likely guaranteed by your…[Read more]

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