PropertyInvesting.com | Namaste | Activity https://www.propertyinvesting.com/members/namaste/activity/ Activity feed for Namaste. Sun, 12 Apr 2026 00:42:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4f3428bc02cea8426fb04f43d330ed15 Namaste replied to the topic Steve 0-130 in 42 Months,Cowra : 0-80 in 6 months in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369192-steve-0-130-in-42-monthscowra-0-80-in-6-months/page/3/#post-4437784 Thu, 18 Dec 2003 10:20:08 +0000 Holy Cow Rubbachook! I nearly had a heart attack when I saw the name!

quote:
Hi people,
I guess many people just “lurk” and try to learn. I find ppl here very friendly and helpful. I am used to seeing really catty behaviour on another chat forum (a well known auction trading site).
But the people here are very different, they are goal oriented…

[Read more]

]]> d2a28afd546d5f90a5454f93f913bbda Namaste replied to the topic Good book in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369913-good-book/#post-4443676 Thu, 18 Dec 2003 10:05:36 +0000 Hi Fabian,

I know what you mean about the negativity of Neil Jenman and yeah it does come out a lot in the book too. I would agree he’s a bit old fashioned too. I don’t agree with all he says but he has a lot of facts in his book not just opinions and I don’t think I could question his ethics. There is still heaps of gems to be found in it so go…[Read more]

]]> 81740688fda6e43027e14d26226d673a Namaste replied to the topic TT with Jenman in the forum Hotch Potch https://www.propertyinvesting.com/topic/4370055-tt-with-jenman/#post-4444959 Thu, 18 Dec 2003 09:56:33 +0000 Hi Sue,

I believe it’s true and the reason Neil tells people about it is because of the dirty tricks some real estate agents and autioneers play to pressure both the buyers and sellers into something they regret later. If you haven’t read “Don’t Sign Anything” by Neil Jenman I recommend it. It is full of a lot of tips that real estate agents…[Read more]

]]> 4055d6a5bacbac819cb2a1bd2e37488c Namaste replied to the topic A good Deal ? in the forum General Property https://www.propertyinvesting.com/topic/4369882-a-good-deal/#post-4443405 Sun, 14 Dec 2003 06:44:53 +0000 Hi kelvinh,

I have told everyone I have emailed the spreadsheet to that I can’t claim the credit for it. Sure has saved me a lot of work and helped cull the crap from the possibilities.

Thanks again

regards
Karan.

]]> 59ad38e16d1e630a3a0284787b4e857a Namaste replied to the topic Property investment seminar in Canberra in the forum General Property https://www.propertyinvesting.com/topic/4369871-property-investment-seminar-in-canberra/#post-4443332 Fri, 12 Dec 2003 05:03:59 +0000 Yeah I agree with you Kay. I suspect when I sit down with them one on one and tell them I’m only interested in cash flow +ve or neutral they will lose interest in me quick.

I was wondering tho’. I know I’m going to be over simplifying here and I’m not taking into to account all the factors but doesn’t the cycle go a bit like this:

1) Rent…[Read more]

]]> 1cea2c1094e4aaa976d394e9c5d338ac Namaste replied to the topic Property investment seminar in Canberra in the forum General Property https://www.propertyinvesting.com/topic/4369871-property-investment-seminar-in-canberra/#post-4443329 Thu, 11 Dec 2003 01:27:59 +0000 Hi all.

As you said Kay, no harm in attending when there free. Though the info presented was only the basics and they do seem to be focused on -ve geared properties and capital growth, there were a few things I learnt and they had a few “interesting” points of view. Not saying I agree with them but others might find them interesting.

They…[Read more]

]]> e2609756a31d2b2746dd82aad2853ae2 Namaste replied to the topic Is this any good ? What do you think ? in the forum General Property https://www.propertyinvesting.com/topic/4369903-is-this-any-good-what-do-you-think/#post-4443586 Tue, 09 Dec 2003 00:02:37 +0000 Hi Jane. It depends on the town. While the figures look like they add up okay what do you know about the town. Is its population growing, declining, stable? What are the major employers there and are any of them expanding or closing. What plans do the council have for development in the future. Have you visited the town? Are all the shops in…[Read more]

]]> 010e8c14cd56be48f125652f75e307fe Namaste replied to the topic deal in the forum General Property https://www.propertyinvesting.com/topic/4369894-deal/#post-4443474 Mon, 08 Dec 2003 23:46:22 +0000 Quote:
Hi,
We have found a similar deal. 4 two bedroom units rented at $800 per week, all tennanted, for sale for $560K. Is this a good deal or not? We put in an offer of $420K knowing it would be turned down, but a starting point for negotiating.
Fibe.

Quote:

Hi Fibe. If you could get it for around $500k it sounds like it could be a good…[Read more]

]]> d7aac326cee45822e3dca751200caeeb Namaste replied to the topic A good Deal ? in the forum General Property https://www.propertyinvesting.com/topic/4369882-a-good-deal/#post-4443396 Mon, 08 Dec 2003 23:32:26 +0000 Hi again redwing. The loan repayments on $270000 is $15,900/yr or $305pw. So there goes any profit. Add that to those management costs and it becomes a -ve geared property. Here’s the figures:

Purchase price 270000

Initial cash spent to aquire prop
Deposit 0
Closing costs 13500

loan
Principal 256500
Type Interest only
Term…[Read more]

]]> 545262624e119c5d8dc77f37f0620c73 Namaste replied to the topic A good Deal ? in the forum General Property https://www.propertyinvesting.com/topic/4369882-a-good-deal/#post-4443394 Sun, 07 Dec 2003 23:52:02 +0000 Hi Redwing.

Was just running thru your figures. It’s not a bad -ve geared property (almost neutral geared too) but being a holiday unit I believe it carries with it a higher risk. I have heard that holiday units are harder to sell than other types of property and of course you have the risk of it being affected by an off season and the…[Read more]

]]> b23d9731e310a995c30cb8d7831aa14a Namaste replied to the topic Property investment seminar in Canberra in the forum General Property https://www.propertyinvesting.com/topic/4369871-property-investment-seminar-in-canberra/#post-4443325 Sun, 07 Dec 2003 23:40:58 +0000 Hi Heuy,

Thanks for your comments.

May I ask why you have only bought 1 thru them and was it a cashflow +ve property?

Regards,
Karan.

]]> b26eab70be2118ea671a0c8d04e0d192 Namaste replied to the topic Buying your first Investment Property! in the forum General Property https://www.propertyinvesting.com/topic/4369860-buying-your-first-investment-property/#post-4443292 Sun, 07 Dec 2003 03:40:50 +0000 Ivana I can give you some answers though most questions have more than one answer (life’s like that). I have bumbled my way thru a couple of purchases and I’m sure some of the more experience investors on this forum will add to what ever I write.

Q When do you go for a pre-approved loan?
A Before you even start looking at properties. See a…[Read more]

]]> 1443ab86aafd2e63ec4f1c2841f41a60 Namaste replied to the topic What is your opinion? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369822-what-is-your-opinion/#post-4443109 Sun, 07 Dec 2003 03:10:47 +0000 Let’s face it guys. It’s not the wrapping per se that is bad. Its when someone does it at a highly exaggerated profit margin such as adding a huge margin on the value of the home and/or charging an outrageous interest rate.

Consumer education (perhaps protection?) is needed to help people understand what deals NOT to sign up for.

Regards,
Karan.

]]> 36c67de1970d0142a4316a088c3a7076 Namaste replied to the topic Regular maintainence in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369863-regular-maintainence/#post-4443305 Sun, 07 Dec 2003 02:59:11 +0000 Oh wonderful!

I wonder what I will do with the 1 day a month I will have free after doing all that! [;)]

]]> 5854bab7e9901f983aa1f76a06d12bcc Namaste replied to the topic Otto Dargan are you still here? in the forum General Property https://www.propertyinvesting.com/topic/4369820-otto-dargan-are-you-still-here/#post-4443087 Fri, 05 Dec 2003 03:53:00 +0000 Thanks again s.i.s.

I will email the address you have provided. I am based in Canberra so could travel up if need be. I will talk with Otto first if poss.

Regards,
Karan.

]]> f53e69367d30d494af0d1104354c5a6f Namaste replied to the topic Otto Dargan are you still here? in the forum General Property https://www.propertyinvesting.com/topic/4369820-otto-dargan-are-you-still-here/#post-4443085 Fri, 05 Dec 2003 02:27:15 +0000 Thanks s.i.s. I’d appreciate that.

I am conscious of not wanting to bug him for advice if he isn’t wanting to respond.

Regards,

Karan.

]]> 0fb07575edda587b6f1bd5a4fdc6d2e4 Namaste replied to the topic Property Investment Reports in the forum General Property https://www.propertyinvesting.com/topic/4369725-property-investment-reports/#post-4442116 Tue, 02 Dec 2003 01:14:53 +0000 Thanks Peter. I was thinking more towards getting inside information on what areas to invesigate in the first place but of course that is only part of the research needed hey.

Ian, another web site is http://www.propertyvalue.com.au.

Thanks Herve for your web sites. I hadn’t found them.

Regards,
Karan.

]]> 912f6444fafa6739211bcb8c88186af8 Namaste replied to the topic Your Thoughts in the forum General Property https://www.propertyinvesting.com/topic/4369723-your-thoughts/#post-4442105 Mon, 01 Dec 2003 07:35:02 +0000 Hi Risky,

OK so you only paid $184000 (169k + 15k) but if you do sell it for $230,000 don’t think you are making a $46000 profit. After you deduct stuff such as the fee’s you paid to buy it, the fee’s you will pay to sell it and the capital gains tax you will have to pay, you might find you haven’t made much money at all.

I’m not saying don’t…[Read more]

]]> 653011a9e56f849f6504e17ab44ba5b3 Namaste replied to the topic Power trippers always distroy everything in the forum Opinionated! https://www.propertyinvesting.com/topic/4369653-power-trippers-always-distroy-everything/#post-4441533 Fri, 28 Nov 2003 09:52:30 +0000

quote:

I do however sense that certain people are now going out of their way to attack others points of views…

You can say that again.

Haven’t been with the forum long, read heaps but contributed very little (can’t contribute knowledge you don’t have [:)])

I have been stunned at some of the things I have read here in the form of attacks…[Read more]

]]> 062ade8aac444e3dda0c23e689ee55f6 Namaste replied to the topic Rabbit Season... No, Duck Season! in the forum General Property https://www.propertyinvesting.com/topic/4369637-rabbit-season-no-duck-season/#post-4441410 Thu, 27 Nov 2003 10:56:26 +0000 Showing your age there Steve. One of my favourite cartoons tho.

Thanks for your input – after all I would imagine that you are the reason most of us are here in that your book brought us to this forum.

Regards,
Namasté

]]> 1dc39a30d22021b02a9590b09fd813f0 Namaste replied to the topic Line of Credit - Good or Bad ? in the forum No Subject https://www.propertyinvesting.com/topic/4369537-line-of-credit-good-or-bad/#post-4440616 Wed, 26 Nov 2003 06:45:54 +0000

quote:
Hi,
I’m new to this. Could someone please fill me in ? IP ? PPoR ? PPR ?
thanks

Hi lazyboy?

Confusing hey! Still getting my head around it all too. Anyway these ones I know.

IP = Investment Property
PPoR = Primary Place of Residence (ie your own home)
PPR = PPoR but too lazy to type the “o” [:)]

Regards,
Namasté

]]> 7bba912941e036f6b18333597db0c1b0 Namaste replied to the topic Computer Gurus I need help in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369457-computer-gurus-i-need-help/page/2/#post-4439945 Wed, 26 Nov 2003 06:15:09 +0000 I have found that in the public service the slackers generally get promoted. I think there are 2 reasons for this.

Reason 1 is that their boss is sick to death of them and because the public service is so adverse to sacking people the only way of getting rid of the dead weight is to promote them somewhere else.

Reason 2 is that a lot of…[Read more]

]]> 42945b76febc6d38847b4ecf9c721b24 Namaste replied to the topic Anyone in the ACT interested in getting together in the forum Opinionated! https://www.propertyinvesting.com/topic/4368481-anyone-in-the-act-interested-in-getting-together/page/2/#post-4432262 Wed, 26 Nov 2003 05:54:52 +0000 Hello all Canberrans.

I just found this thread. Please count me in for any future meetings. You can contact me at jineroo@bigpond.com.

Karan
(aka Namasté)

]]> 834cb84204665c1a55082a3a391e636d Namaste replied to the topic suits v's jeans in the forum Opinionated! https://www.propertyinvesting.com/topic/4369517-suits-vs-jeans/#post-4440443 Wed, 26 Nov 2003 05:45:22 +0000 At the risk of P’ing some one off – If you’re a girl you better dress right. Its hard getting REA’s to take you seriously when you are a girl. It helps a bit if you “power” dress though I hate it. A couple of times I’ve taken a male with me only to have the agent direct all the answers to my questions to my male companion!!! I swear, never once…[Read more]

]]> 9d9e6176fa0518c9e15de336c51cd6e9 Namaste replied to the topic Omegatrend in the forum Heads Up! https://www.propertyinvesting.com/topic/4368314-omegatrend/page/2/#post-4430910 Wed, 26 Nov 2003 05:31:01 +0000 Well well. What has suprised me most from this thread is the number of “us” who have tried MLM (me included). I guess I shouldn’t be suprised tho’ as being a member of this forum shows we are all keen on finding a strategy to achieve financial freedom and we all acknowledge that working for a boss or even having your own business probably won’t…[Read more]

]]> 4a61c92703e9b8e1721e5234ce492a7e Namaste replied to the topic Line of Credit - Good or Bad ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369537-line-of-credit-good-or-bad/#post-4440613 Wed, 26 Nov 2003 03:05:12 +0000 Arrggghh!!! I’m confused!

Just finished talking to broker regarding accessing equity in my IP to buy land. Asked about just extending the IP’s mortgage so I can redraw equity as required or using LOC. Ended up with the redraw option because of 2 things. Firstly the interest rate on my mortgage was as good as the LOC’s he showed me (6.2%) and…[Read more]

]]> b43b926eca623d6659f0b8a816df299c Namaste replied to the topic Refinance to pay off PPOR in the forum No Subject https://www.propertyinvesting.com/topic/4369610-refinance-to-pay-off-ppor/#post-4441136 Wed, 26 Nov 2003 02:06:18 +0000 Hey bigben
Yeah sure sounds like a “personal stability thing” as you put it. As Terryw says I don’t think it would be a good move financially.

I know how you feel though and I have done some things that aren’t the best financially but make me feel better. What price personal peace? All you can strive for is a balance I think.

Best of luck
Namasté

]]> 3d48c6f670c204f278155be64d452d9f Namaste replied to the topic peroidical rental in the forum General Property https://www.propertyinvesting.com/topic/4369606-peroidical-rental/#post-4441105 Wed, 26 Nov 2003 01:44:41 +0000 Can someone please explain what is the problem regarding landlord insurance if your tenants are no longer on a fixed term lease? How does that make any difference?

My tenants are also asking to go onto a month by month basis once their lease expires.

Thanks.

Namasté

]]> 324b60043723b63959608486b150e931 Namaste replied to the topic Secrets to getting Top Price in selling Your Home! in the forum General Property https://www.propertyinvesting.com/topic/4369290-secrets-to-getting-top-price-in-selling-your-home/page/3/#post-4438556 Tue, 25 Nov 2003 02:16:11 +0000 Hello Bill

If you are still sending out the info on private selling I would appreciate a copy.

Email address is jineroo@bigpond.com

Thanks.

Namasté

]]> 5be165486ac21b2d3532b65df742dd31 Namaste replied to the topic Urgent advice needed - particularly Canberrans in the forum General Property https://www.propertyinvesting.com/topic/4369560-urgent-advice-needed-particularly-canberrans/#post-4440754 Mon, 24 Nov 2003 11:42:35 +0000 Hi dreamergirl,

I’ve been in Canberra a while now and keep a close eye on both the buy/sell and rental market here so I feel I can give you my opinion. I have my own place and one IP which has never been vacant in 5 years so you can weight my responses against that.

Firstly if you can rent your place in Belconnen for as much as it costs you in…[Read more]

]]> f8e13ed3c624d065313bcc31701ff873 Namaste replied to the topic 6 questions worth pondering in the forum General Property https://www.propertyinvesting.com/topic/4369518-6-questions-worth-pondering/#post-4440462 Sat, 22 Nov 2003 02:45:42 +0000 Thanks richmond. It’s always good to stop and think about where you are going and why.

1) I remember as a child my mother always telling me how she could never afford to buy herself a new dress or anything because all their money went on “us kids”. I grew up feeling guilty for being alive and determined not to be poor. That is what started me o…[Read more]

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