No we never got an independent valuation. We had about 5 real estates give us valuations and from our own research we didn’t think they were too far off the mark. But it didn’t take long for the vendor conditioning to kick in as we were being told that the market was dropping fast and that we had to drop our prices accordingly.…[Read more]

Yes you are absolutely right. I realise now that I have been too focused on returns and not having a balanced portfolio. Keeping this house and borrowing against it including some higher yielding CF+ properties (hopefully in growth areas) is what we should be doing.

Whilst I wouldn’t be surprised if the value of our IP continues to…[Read more]

Thanks so much for your responses.

To answer some of your questions. We sold our other IP and have used the funds to pay off our new home and put the rest aside to invest in further IP’s. We are under no pressure to sell our current IP. We just weren’t sure what the right thing was to do (in terms of maximising our returns)…

If we…[Read more]

I’m not sure we had a plan for the property when it became an IP. It sort of just happened by default because we couldn’t sell it. It is in Melb in a good area.

I know property investing is long term but in Steve’s newletters he seems to be recommending that people sell underperforming assets now (ie: before further interest rate…[Read more]

Thanks for your reply.

Thanks for the email Kerwyn I will have a look and get back to you.

Westan thanks for the info, how can I get in touch with Minimogul. I’ve seen some of her reply’s to other mail. Yes please send me any info you have to my email.

Thanks heaps.

Razza