>>The damn emails I get are for viagra and other crap<<

I notice, Ginamarree, that you classify Viagra as ‘crap’.

Is it your experience that it doesn’t work ? []

(Sorry, just joking [] )

Pisces

You are getting 50 SPAMS a day ? Aren’t you lucky. [:o)]

Many people are getting three times that many.
Just goes to show you everything is relative.

The solution is rather simple.

Firstly prevention :

1. This isn’t quite 100% foolproof as it is possible for ‘them’ to invade someone else’s Outlook Express’ addressbook and copy the addresses…[Read more]

SMTM, have had a similar problem as yourself recently.
(door smashed etc).

If your garden area was disturbed (read ‘ruined’) I think they deserve to receive a bill for the damage.

If the tenant is working you will get compensated eventually even if you need to gop to court (which they in all likelyhood won’t be attending anyway).

It may be…[Read more]

Nats, I wonder whether the agent who placed the tenant in your property did bother to check the Tenant’s Register before they were given a lease.

Pisces

>>I also believe that the Libs need to be given a rest at Federal level now as they are also too arrogant.<<

I agree that it isn’t a bad idea for a government to get a wake up call every now and then so that they keep in mind that they are the public’s servants rather than being the lord of the manor.

But gee, Labor ? They really stuffed…[Read more]

I guess the court sides with the weak. A certain amount of pity for the underdog isn’t necessarily a bad thing.

(You see Bec, I have a heart too).

Ultimately however the court will have to follow the law.

The main problem is that so many no-good tenants are exploiting the law (assisted by the free legal aid services and the state’s housing…[Read more]

>>Go and talk to them, face to face.<<

Absolutely wrong advice.

They have been given notice, there is a written agreement and they are totally disregarding their part of the bargain.

Go and talk to them to do what ?

Plead ?

Finish up in an argument (or worse) ?

Be threatened by them ?

Have, whatever was said, twisted in court ?

The…[Read more]

The obvious reason for excluding some of the rental income is because rental income by itself doesn’t tell us that one needs to take into account the vacancy factor for the properrty, the repairs, maintenance, rate and possible land tax charges, insurance etc etc.

So a lender who will only take say 80% of the rental income into account is doing…[Read more]

Here is another bit of caution.

Most of the lenders depend on the mortgage insurer accepting the security.

If it is a city building and also if there are a lot of units in the building the insurer will only accept a certain amount of risk @ say 80%, then another lot at say 70% LVR and thence it may reduce to say 60% LVR.

Also they will not lend…[Read more]

The rent obviously is reflected in the purchase price.

I don’t know Melbourne but if you were serious about buying then I suggest you either check out the correct rental value for the unit or pay a valuer (independent from the seller) to tell you both the value of the unit as well as the rental value.

If it happens (as I suspect) that the…[Read more]

An agreement is a contract and unless there is a clause in the lease allowing you to revise the rent you are stuck with it I would think.

Pisces

Napoleon Hill makes interesting reading but the question remains ‘How many people are actually able to make themselves do the exercises ?

If some people succeed it is because of a process over a long time.

To make a change there and then ? Virtually impossible.

75% of the population is overweight. Most are very aware that the main cause is…[Read more]

Having endeavoured for many years to ‘get to know’ myself better I can attest that it is a very hard task.

Our emotions come into play so quickly that it is virtually an impossible task to make changes in one’s behaviour.

I understand that one way to (eventually) bring a change about is not by trying to do so but by
constantly observing oneself.…[Read more]

For heavens sake Richmond, I responded to Markpatric’s post in a rational manner.

I am genuinely very interested in the subject and the last paragraph, which you Richmond has seen fit to partly delete, was included by me because I wanted to make it clear to Markpatric that I am not hounding him, sending him up, or criticising him (at least not in…[Read more]

>>Maybe you could add to that “or to make others feel better or avoid pain<<

A very good case indeed can be made out for the fact that an altruistic person (i.e. someone who appears to display unselfish concern for the welfare of others) ultimately is acting in the way he is acting because it makes him feel good.

So, in effect he is doing it for…[Read more]

>>Yep tell me about it, been there done that.
Then tell me they do it over xmas, when there is no rentals to be had.<<

It may have been your lucky day that this happened as this very happening may have awakened your interest in real estate !!! []

PIsces

I know that one cannot afford not to have some emergency assets accesible in times of disaster.

Disaster ?

Well, here are several likely or unlikely scenarios : the Indonesians may invade Australia, the Muslims may stage a take-over in this country, the Queenslanders may invade NSW, a drought may cause food shortages,
problems elsewhere in the…[Read more]

I agree it is certainly not time to buy unless one knows what one is doing (being able to spot a bargain) AND one is capable to service the loan.

Where that places +ve cashflow properties I don’t know.

I guess people have to live somewhere so, provided one doesn’t go in on a shoestring (meaning ‘provided one has some spare cash as a back up),…[Read more]

I am not sticking up for the banks guys but the thought struck me : “If Credit Unions are so easy with their lending criteria doesn’t that place their money at a greater risk ?”

In other words, is one’s money on deposit in a Credit Union at greater risk than it would be in a bank ?

Pisces

Sorry Yodamarshall, I have learned my lesson.

I am actually about to write an e-book myself.

It is titled ‘Lender beware’ and it describes my personal experiences when in the past I lent books.

In essence the main message is that when one lends someone a book one of two things are likely to happen :

1. it will never be returned
or
2. it will…[Read more]