Hi Jo,

You haven’t really told us how big the land is and why you think it could become a development site.

He may well not have given a sole agency which means that he is still able to sell it to you pivately.

At the very least )if you want to proceed) obtain a building inspection report so that you can use this to negotiate the price…[Read more]

Aceyducey, someone told me that you are contemplating franchising the oil well drilling business. [wink]

Is that true ?

Pisces

Thanks, Kay.

Pisces

Just someone’s opinion.

The economists just don’t have a clue either.

There have been occasions where the rates were raised only to be lowered again a couple of months later.

Ask 10 economists and you’ll get 15 different opinions.

Some of the soothsayers talk from the corners of their mouth, talking in riddles so they can claim they predicted…[Read more]

>>Please drop, please drop, please drop… I want to see blood on the streets!!!<<

Lucifer, are you a ghoul or a vampire ? [cap]

Pisces

Let us hope that ‘the mob two blocks away’ doesn’t steal your idea and sets up in competition. [grrr]

Cheers,

Pisces

Well that’s very nice of you to say that George.

I actually phoned Kay and drew her attention to your post and said to her that we probably can get a free dinner out of you.

She, being the smart girl she is, replied that, as you live in Victoria, she thought that there was very little likelyhood you would throw in a free Virgin flight as well.…[Read more]

>>ps – if you dont wanna give a dollar to a beggar go buy him/her a sandwich!<<

Ever so slightly diverging from the topic, the above reminds me of something that happened to my wife.

She went into Kings Cross railway station, only to be accosted by a young man asking whether she had a couple of dollars to give him so that he could buy something…[Read more]

don’t think you are for real Donchristie.

You sound more like a Jenman or Bec type person trying to get someone to say something favourable about your suggested illegal fraudulent method so that you have something to write about.

Not that I would ever think that Jenman or Bec themselves for that matter would get up to such dirty tricks.

I guess…[Read more]

>>Probably the other thing to think about is moving costs, or what it may be like to live in a house where you can’t use the bathroom for however long!!<<

Beggars cannot be choosers.

If one wants to make money fast (well, as fast as possible) then one cannot avoid having to put up with the inconvenience of living in a house which is in a…[Read more]

I was more thinking along the lines of buying a house which is in need of some renovations. Simple things like new carpet, painting, putting a new kitchen in etc.

The more a house is neglected the fewer people will be vying for it and the cheaper one can buy it.

By buying a rundown place, living in it whilst you, slowly or fast, renovate the…[Read more]

Hi Russ,

If the floors are timber then there is a need for fire protection upgrading.

Pisces

>>Also, I suggested not ONLY working, but working AND investing.<<

So if one owns a house isn’t it preferable to and the fastest way to accumulate assets and profits
by using one’s own home first and foremost as a money making machine Kay ?

Pisces

Aussierogue,

Aussierogue, I cannot quite see what is the difference between buying a house for yourself and an investment property.

Kay, unfortunately there is no such thing as 100% safety.

Neither jobwise, or investmentwise or even just crossing the street.

Many years ago a friend was working in a factory and his wages must have been the…[Read more]

Well Russ what about trying to be creative.

There is nothing wrong with getting an option
and putting a plan for strata titling into the council.

In the meantime you may be able to line up buyers. Perhaps the tenants are interested in buying a unit ? You wouldn’t know until you ask them.

However, this can only work if there isn’t any money…[Read more]

Well, what about buying a home to live in, doing it up and selling it and not paying tax because it is your own house, Aussierogue ?

If one can time one’s sale with a simultaneous purchase of our next house (in need of renovations) the only risk that I can see is that our purchaser doesn’t proceed with the purchase.

Pisces

Exactly, Aussierogue. The ‘Christians’ acted in the same manner as what today appears to be the Muslim attitude.

Convert or else ‘off with your head’.

Changing the subject a bit, I agree 100% that we don’t really know whether the consequences of our ‘good deed’ are really beneficial to the recipient.

A good example would be a tenant who…[Read more]

Not having done a wrap (as yet), I did however some ‘test’ advertisements looking for possible prospects.

I would say that the problem doesn’t lie so much in finding buyers as finding the right kind of property at the right price.

I realise Weave that I am not really answering your question here.

However 1Hotvaluer has already mentioned one…[Read more]

>>We’ve just bought a property for $190000 marketed at $230000! Why? Because it is not worth $230000.
It is in hell of a state and requires $20000 to fix up but then will be worth $240000+.<<

Cobra, it doesn’t really look such a good kind of buy. In another thread titled ‘Anatomy of a flip’ I describe a similar situation.

Coming back to your…[Read more]

Russ, Kay, if you have another look at the post which started the thread you will see that it isn’t about I buying a house so much as a discussion of how difficult it is to buy a house and make a reasonable profit on it.

I also hoped that the discussion would thence evolve into a discussion about another (real estate) approach of making m…[Read more]