Total Members: 158,199

pyramid

  • pyramid replied to the topic Petrol increase = interest rate rise. Why? in the forum General Property 18 years, 1 month ago

    Interesting question Allan. I am not an economist but here’s my simplistic take on it.
    Interest rate is basically the “price” of money.
    If the “price of money” goes up, the price of everything else goes up respectively – but isn’t that what we call “inflation”? So, raising interest rates has the effect of raising inflation in the immediate term.…[Read more]

  • pyramid replied to the topic Melbourne median property values up 5%? in the forum No Subject 18 years, 1 month ago

    HB
    Fully agree with your last post re: diversifying and taking the blinkers off. But I think one needs to be in a specific financial position to be able to do so.
    There may be an opportunity for “forumites” to learn from your experience and case history. [grad]
    How did you get into property 15 years ago? Did you have the money or did you borrow…[Read more]

  • pyramid replied to the topic Negative gearing in the forum General Property 18 years, 1 month ago

    Fully agree with Paul, Redwing, et al. There is no right or wrong answer to CF+ or CF-. The strategy should depend on your circumstance. About 8 or so years ago, I had the cash flow but not the equity. So I invested in negatively geared properties.
    Today, the negatively geared properties have appreciated in value. I have the equity but my cash…[Read more]

  • pyramid replied to the topic Melbourne median property values up 5%? in the forum No Subject 18 years, 1 month ago

    Originally posted by hb:
    sorry guys
    i couldn’t believe 420k invested 2 yrs ago would make so much.
    had to check again
    and again….

    and yes here the FINAL figures

    cba 2 years ago $30.59 today $43.88 420K invested today $602k
    bhp 2 years ago $11.10 today $25.53 420k invested today $966K

    It’s always easy to talk about share market successes, but…[Read more]

  • pyramid replied to the topic investment property for Defence Housing Australia in the forum Help Needed! 18 years, 1 month ago

    I have been keeping an eye on DHA opportunities for the past 6-8 months or so. In theory they seem attractive with guranteed rent for xxxx peroid, etc,etc. But I agree with Adam, they have a ridiculous PM fee. I think a close parallel would be “time share properties” where you get caught up with owning the property but have little control on…[Read more]

  • pyramid replied to the topic Need furnishing ideas to get maximum rent. in the forum Help Needed! 18 years, 2 months ago

    I have heard about the following strategy but have not yet done it myself.
    Charge a slightly higher rent but the tenant gets to keep the furniture if he/she signs a 3 year lease and pays rent on time everytime.

    Cheers
    Pyramid

  • pyramid replied to the topic Investing in India in the forum Overseas Deals 18 years, 2 months ago

    I have heard (may be true, may be a rumour) that it is impossible to get tenants out of a property because the legislation in India is very landlord unfriendly. Even if they default![wha]

    Cheers
    Pyramid

  • pyramid replied to the topic solutions to no deposit in the forum No Subject 18 years, 2 months ago

    Originally posted by hb:

    OK lets try that same money…something different….

    2. buy some plant and equipment $100K

    HB
    You make some very good arguments for starting a business with much higher returns. However, the old adage still applies “rewards are directly proportional to the risks”. Start-up businesses present a higher risk, therefore…[Read more]

  • pyramid replied to the topic How many wraps have you done?? in the forum Creative Investing 18 years, 2 months ago

    Originally posted by Terryw:

    I wouldn’t do anymore. I have foudn the profit is too small for the hassle. It ties up your funds, and so you must take into account the opportunity costs.

    Terry
    So how are you investing in property instead?

    Cheers
    Pyramid

  • pyramid replied to the topic Who reckons they can solve this! in the forum Help Needed! 18 years, 2 months ago

    Originally posted by Jenny1:

    Just go back to your PM and ask them to clarify your statement, he will either have a logical response and give you a breakdown of this figure or squirm like hell!

    I reckon this is the best advice. So have you contacted the PM Nathan? What was the response?[evo]

    Cheers
    Pyramid

  • pyramid replied to the topic Anyone used a Bungalow for +CF? in the forum General Property 18 years, 2 months ago

    Originally posted by Jaffasoft:
    So it’s just a transportable rectangular building 6 by 3 meters, with shower bay, kitchenette, sink, hot water service, all electric with power points and safety switch, guttering, flat roof. Doesn’t say it has got a toilet.

    Did I miss something? What’s the difference between this and a caravan park cabin? Are…[Read more]

  • pyramid replied to the topic Homes seized in mortgage squeeze in the forum Help Needed! 18 years, 2 months ago

    Originally posted by blogs:
    Whats even funnier was when I was saying this was going to happen a few months ago all the so called ‘experts’ on this bored laughed at me[hmm] I can remember quite distinctly some were even belittling me saying property prices were going to keep going up bwahahahahahah
    No matter how you look at it, property prices…[Read more]

  • pyramid replied to the topic Using equity to purchase property’s in the forum Finance 18 years, 2 months ago

    Originally posted by minidaz:
    The question i have is that now we will have to seperate loans 1 for our current property and a second for the deposit’s then a third for the other 80% how do investors cover the interest on the second loan for the deposit’s? In other words if we have to use the profit’s we make it seems pointless to borrow the money…[Read more]

  • pyramid replied to the topic exclusive rental arrangements in the forum General Property 18 years, 2 months ago

    We recently engaged two RE agents in Sydney to find a tenant for our vacant property. The first one to sign up a suitable tenant at an acceptable rental was appoined as the property manager.

    [thumbsup2]

    Cheers
    Pyramid

  • pyramid replied to the topic Who would need a wrap anyway ? in the forum Creative Investing 18 years, 2 months ago

    Richard
    The problen in Sydney is that the lower end properties (houses) are already at $250-280k. After closing costs (stamp duty, conveyencing, wrapee mark up, etc) they come close to the $300k range.
    [glum2]

  • pyramid replied to the topic Who would need a wrap anyway ? in the forum No Subject 18 years, 2 months ago

    I too am getting many queries in Sydney but do not seem to get people to commit. Perhaps my prices are too high. I am looking at a$30k markup on the closing property price (a $300k property offered to the wrapee at $330k) and a 2% premium on the interest rate. Is this unreasonable? What margins are successful wrapers charging?

    Cheers
    Pyramid

  • pyramid replied to the topic difference between wraps and lease options in the forum No Subject 18 years, 2 months ago

    Carlin
    Click on the tab marked “Investor HQ” next to the “Forums” tab at the top of the page. It’s all explained there.
    I don’t know of the legalities in SA.

    Cheers
    Pyramid

  • pyramid replied to the topic A Hypothetical Question. in the forum No Subject 18 years, 2 months ago

    Interesting hypothetical. But what’s the point?

    Cheers
    Pyramid

  • pyramid replied to the topic Is it legal to WRAP in ACT? in the forum Creative Investing 18 years, 2 months ago

    Thanks Paul. I have just joined up.

    Cheers
    Pyramid

  • pyramid replied to the topic WRAPS. Are they still legal? in the forum No Subject 18 years, 2 months ago

    Michael
    You haven’t looked hard enough. Look under the “Getting Creative” section of the Forums

    Cheers
    Pyramid

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