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  • Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    liviwell,
    thanks, I found it!

    Profile photo of Pebbles_2Pebbles_2
    Member
    @pebbles_2
    Join Date: 2003
    Post Count: 37

    Hi all,
    I have been studying property investing for about 6 months now and joined the forum about 3 months ago. I have learnt a great deal, but unfortunatly cannot purchase my first IP as yet because I am in the middle of a 4 lot sub-division. This is my 2nd sub-division and would love to do it again. (Council’s are annoying as they are sooo slow).
    I will wait for another 6 months (that’s when the sub-division will be finalised), then I will buy some investment properties with the money I make from the sub-division. I also think in 6 months time, there should be more bargains as people with a number of investment properties (that didn’t do their sums for higher interest rates) will have to sell due to affordability.
    In the mean time, I’m on the councils back every week regarding the sub-division and am reading all I can about investment properties. I am also going to write a book. (not on property investing). This will create passive income!
    Happy Investing everyone.
    Regards
    Lee.

    Profile photo of Pebbles_2Pebbles_2
    Member
    @pebbles_2
    Join Date: 2003
    Post Count: 37

    After buying a house and having to pay $14,500 stamp duty, I too was a bit angry.
    Queensland have a better system than we do here in Victoria. Victoria pays the highest stamp duty than any other state.
    Victorian’s only pay stamp duty on an existing home. You don’t pay stamp duty on a house you build.
    Where as in Queensland they pay stamp duty on existing homes and new homes, but their stamp duty is less. So it is distributed amongst the two. I’m pretty sure this is the case, correct me if I am wrong.
    Why can’t every state be the same?????
    Make it fair.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    3 or 4 bedroom houses are easier to sell than 2 bedroom houses, so maybe look at that.
    I think 2 bathrooms these days is a must (1 bathroom and an ensuite). Garage.
    In Victoria – Central heating!

    These are the most important factors to me, anyway.
    Regards.
    Lee.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    Well thanks for that information.
    I didn’t know that if you sell a property that you have owned shorter than 12 months you pay 100% CGT and if you own it for more than 12 months you pay 50%. Have I got that right?
    Guess I will have to hold on to my properties a bit longer until I sell them. That would make a huge difference.
    Thanks All.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    Have a look on the Wes Davision Horsham site.
    http://www.wesdavidson.com.au
    They always have properties under $100,000 in Nhill, Horsham and surrounding areas.
    Also, give them a call and tell them what you are looking for and they will e-mail you each time a house comes up that matches your criteria. with pretty pictures and everything.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    I would love a copy also.
    Please email to:
    [email protected]
    Thanks[8)]

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    Several years ago, my partner and I purchased an old Victorian home on a huge block of land.
    We sub-divided the land into three blocks and were going to build 4 two storey town houses.
    The council approved the application, but the residents objected and ended up taking us to court. The residents won! Can you believe it. Although there were several units in the area, they were not two storey.
    We ended up telling the residents we were going to re-locate two californian bungalows onto the blocks and renovate them. The residents agreed with this, but we could not find two houses good enough to re-locate. Because we had the sub-division approved, we were allowed to build whatever house we wanted, as long as they were not units or townhouses. We ended up building two 2 storey houses. The neighbours were very pissed.
    The moral to the story is to consider the neighbourhood. Do some door knocking. Are there other units etc in the neighbourhood. All of this took 2 years from start to finish, and we never thought it would end.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    I work at the University of Ballarat and was just wondering, you say you charge these students on a nightly basis, do you charge these students all year? Is there a contract? 6 mths, 12 mths?

    In Ballarat, most students come from other regional towns in Victoria, and always go home for the holidays which are 26 weeks of the year.
    So, for half a year, they are not in Ballarat.
    Do they still have to pay even if they are not there, like normal or do you have the same set up as the University and they only have to pay for when they are there in the semesters?

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    Lozza,
    We should arrange to meet when it gets closer to the date, maybe there will be more of us from the forum by then.
    Looking forward to meeting you.
    Lee

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    Cam,
    I had 2 girls and wanted to try one more time for a boy.
    I went to the gynacologist and he gave me a recipe for a boy.
    Followed it exactly for 4 months and later on I found out I was pregnant. Yes, nine months later, I had a boy.
    Some people believe it’s a coincidence, but I believed in what we were doing and I believed I would have a boy and I DID!
    It’s all to do with the timing! I had to take my temperature every morning before I got out of bed and put my temperature reading onto a graph.
    When my temperature was at it’s lowest, that’s when I was ovulating.
    I can’t remember, but you find out when you ovulate and then have sex at a particular time for a girl/boy.
    Believe me, it works!

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    Matt,
    I have already booked as well. I am going to the Melbourne seminar on the 16th November.

    I would love to meet any other forum members at the seminar. We should all arrange to meet at lunch time or something.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    Lifestyle,
    I am a 35 year old single mother with 3 children. (Not looking for anyone either).
    With 3 children, I have renovated a house, completed and sold a 2 lot sub-division, owner-builder of my house (with my ex) and am now into my second sub-division.
    You can do anything you want to do, with or without children!

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    Very interesting post.
    You all have motivated me to shave my legs instead of getting them waxed. [:P]
    That will save me around $80 per month.
    I am also thinking about lowering my limit on my credit card.
    My mobile phone is out of contract, so instead of going into another contract with a great new phone, I will keep the old phone and purchase mobile phone cards.
    Wow, there’s so many ways to save money if you sit down and have a good think about it.
    Next I will start on the kids. Watch out!

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    When I sold my house 5 months ago, Aussie did the loan for the purchasers.
    I was told they were slack and slow, but to my suprise, they were quicker than St. George, whom I went through to purchase another house.
    St. George took us 6 weeks over settlement and therefore, we had to pay penalty interest rates, which ended up working out to an extra $3,500.
    St. George’s excuse was, ‘we have so many loans on the go at the moment, we can’t keep up.’. My question: Why can’t they put on extra staff?’

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
    Join Date: 2003
    Post Count: 37

    I am an administration manager for the student association at a university.
    I have been here for over 6 years and although I have had a couple of promotions over the years, I find it a bit boring. Same old, same old.
    That’s why I love this forum and yes, I’m addicted!

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    Yes, I have started reading the “One Minute Millionaire” book as well and can’t put it down.
    It is very imformative and Michelle’s story “The Enlightened Way To Wealth” is inspiring.
    There is also a website:
    http://www.oneminutemillionaire.com
    Although, when people at work see the title on the book “One Minute Millionaire”, their first question is “how can you become a millionaire in one minute?”
    When you read the book, you understand, but I think maybe it should have a different title.
    It just sounds like a get rich quick book, which it is nothing of the sort.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    I agree with Wilandel.
    Businees and family do not mix.
    I know first hand.
    You think that because you are family nothing can come between you, but believe me, money can!

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    I had a bad experience investing with my brother. He actually lived in the house and whenever anything went wrong with the house, he expected me to pay for it because I organised the renovation. Anyway, long story.
    We went through a bad patch for a couple of years, but thankfully now we have agreed to put it all behind us. I thought we would never speak again, that’s how bad it got.
    I would be vary wary when investing with family. I have heard many times over, do not involve family or friends in financial matters.
    Now I have learnt for myself, I will never do it again.
    It may not happen to you, but be careful, some people act very differently when money is involved.
    Good Luck.

    Profile photo of Pebbles_2Pebbles_2
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    @pebbles_2
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    Post Count: 37

    The best way I have found is to look properties up on the internet and then call the Agents.
    Tell the agent you are an investor and tell them exactly what you are looking for and they will call you every so often when something comes up.
    The last house I purchased, the agent called us first before it even went on the market, he was going out to inspect the property and by the sounds of it, he thought it was what we were looking for. He was right!
    The right agent can be of help. You could also ask him to send the real estate pages to you out of the local paper.

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