Thanks Paul,

I hope you wrote it down as I have now edited my mail address from my post. If not, let me know and I’ll throw it on the board again.

Phil

An unusual topic, but must admit a good one.

I like the Victorian Tourism TV ad, where no-one wants to leave.

“Run rabbit, run rabbit, run, run, run ..
Don’t let the farmer have his fun
He’ll get by, without his rabbit pie,
So, run rabbit, run rabbit, run .. run .. run.”

It’s driving me nuts. I even refer to Friday as Rabbit Pie Day at work.…[Read more]

Hi Paul,

Long time, no chat. How the hell are ya?

I guess you are talking cash rates. Buggered if I know the answer. But here’s my uneducated gut feeling: An increase of 0.25% by March 2004, then no more than another 0.50% increase by Christmas 2004.

If your old man wants to park some cash, would he consider investing it with his son??

Drop me…[Read more]

Hi,
We bought a property with $200. the bank lent us 110% of the asking price (Bank of Melbourne) which covered the stamp duty , including on the mortgage. All you have to have is another property with free equity. The bank then links both of them as security for the loan. So we ended up with two mortgages, one with our principal home and the…[Read more]

Hi,
We bought a property with $200. the bank lent us 110% of the asking price (Bank of Melbourne) which covered the stamp duty , including on the mortgage. All you have to have is another property with free equity. The bank then links both of them as security for the loan. So we ended up with two mortgages, one with our principal home and the…[Read more]

Would it not be cheaper to have a pest control inspection Celivia ?

Pisces133

Prop16, your story is very much different now compared with the details shown in the original post.

Originally you were talking about a purchase price of $ 80 k and a return of $ 14 K p.a.

It now appears as if the prices range from $ 80 K to $ 140 K and obviously the return of $ 14K p.a. would apply to the dearer units rather than the
$ 80 K…[Read more]

Hi C2,

You’re right! Perhaps we could also import scabby-mouthed refugee sheep, print our own stamps with a caricature of a Queen from a far off land and call our country new Holland!!

Kind regards in jest,

Phil

I don’t want to enter into an argument with anyone but this is how I see it :

>>an investment of $200,000-$500,000 with a fully secured first mortgage at 15% pa guaranteed.<<

Fully secured eh ? No pitfalls ?? No risks ??

Impossible.

Anyone who borrows money and who is prepared to pay 15 % has got problems and those problems can be passed o…[Read more]

Clifford,

There are two tangible answers to your question, one of which is in the Bible.

Ask and you shall receive.

The Mentor arrives when the Student is ready.

Kind regards, Phil

Hi Andy,

Would never have thought of it. You have me thinking. Questions .. does it need to be listed at all to attract a multitude of us (me) small time investors? Could say 20-30 investors, create enough leverage to achieve your goal?

I like your big thinking. Now I’m picturing a co-operative virtually buying a town. Imagine a group…[Read more]

>>because many people keep telling me this is high risk, hard to find tenants, low CG etc.<<

You later added another reason : ‘hard to get finance’.

These are all valid enough reasons to be selective.

I agree that there is nothing wrong with buying in smaller towns as long as one is aware of the risks AND is prepared to live with the possible…[Read more]

The title of this subject is ‘Student apartments+ Cashflow’ so Prop16 is talking about a building specifically or mainly occupied by students and he isn’t talking about a block of units operated as a hotel by someone who holds a headlease.

If it was operated as a hotel then I personally wouldn’t have a bar of it as it may be hard to resell at a…[Read more]

Mel, what about dropping me a line ?

jmark1@bigpond.net.au

Cheers,

Pisces133

>>It is a good way of buying any property that you plan to onsell rather than settle on.<<

I am sorry to be a spoil sport but there is no such thing as a guaranteed profit.

There have been many people this year who got burnt buying units off the plan a year ago both in Sydney and in Melbourne (which I know of).

The problem is that if you enter…[Read more]

amit…….I KNOW EVERYTHING!!! [] [] []

~ It is better to live on your feet than to die on your knees ~ :þ

ok….eating rabbits OR rats?? Ill pass on either or both! LOL

pass around them Quick eze!! [xx(]

[]

~ It is better to live on your feet than to die on your knees ~ :þ

try it out on ME??

ok meester..them is fightin werds!!!

Dont forget……I know ya password!! [] [] [] []

~ It is better to live on your feet than to die on your knees ~ :þ

ohhhhhh a 3some?? *grabbing the whipped cream* hahahahahaha [}] [}] [}]

Now now polar….diamonds, flowers, chocolates and the occasional puppy IS what women expect!!!

Alas…dirty laundry, never getting near the remote control, and an object that snores louder than a boeing 737 is what we usually end up with!! LMAO

~ It is better to live on…[Read more]

Hi Jessica,
people can be real …xs*&^ holes. I agree with some of the others here, if you can stay o/night in the place, it helps – otherwise invest in a van, and load up stuff into it to go home each night. I have done both in the past.

One place – in Brisbane mind you you think it would be warm!! – I stayed in for two weeks – thousands of…[Read more]