Before I start, also have a chat to Dazzling, our accomplished commercial investor – he may have some valuable insights about ideas you haven’t thought of.

The answer to all of your questions can be put in at least two ways:
1) It depends; and
2) That’s subject to negotiation.

Flipping often depends on…[Read more]

I’d guess you’re new to the game. Essentially, in residential real estate there are two possible goals, often mutually exclusive. (Not always).

The first is what most investors do – buy and hope that when they sell, the profits plus the tax breaks they have received will more than cover the losses.

The other way is make sure there are…[Read more]

Also, do the figures and be clear as to why you are doing this. Does the property fit into your strategy? If you haven’t got a strategy, get one of those first.

Cheers

This is because some managers…[Read more]

As you probably don’t like baked beans much anyway and can’t move for 2 years, what’s the rush?

After a week, go back to the agent with your $1.4m offer, let him know that it remains open and you remain ready to talk. Then don’t do anything.

If he’s half decent as an agent, and they get another offer, he’ll come back to you to see if…[Read more]

If a deal goes sour, your name will be attached.

If you are dealing in property, you may require a licence (don’t treat this casually, you need to know what you are doing).

Finally, if you find a great deal, why would you pass it on instead of trying to raise the capital to do the deal yourself? If it’s…[Read more]

On another…[Read more]

Precisely my point as well

[biggrin][biggrin][biggrin]

I wonder if proximity gets its name from being under the airport flight path – er, I mean, close to the convenience of Mascot?

I think you were right to raise concerns and also right to post you decision and conclusions. The same info will not lead to the same conclusions for everyone, I hasten to add.

I think the point that some may have missed is that Steve and Dave have a brand name, a value, that they can’t really afford to compromise in the pursuit of a…[Read more]

You should not seek potential negative comments on a forum like this anyway, it is not appropriate and anyone posting bad stuff may be defaming their subject. A better way may be to ask folks who have bought what their expectations were, how things worked out, what their…[Read more]

Of course, these days…[Read more]

Some of Jan Somers’ books point out that the figure of 7 to 10 per cent not only holds over the last 40 odd years but can be traced…[Read more]

Standard technique for dressing up personal theories as the view of leading authorities without even having to find an authority to quote.

However, I’d guess you don’t argue with the longer term proposition that an Australian median price of $1 mill per house is quite feasible (not that being a millionaire would be very special by that time)

Ignore the drivel and the driveller. Above all, don’t respond to the muckracking. It’s called trolling and its only purpose is to draw a reaction – typical immature behaviour.

To put the discussion back on track, I’d be interested in finding out what most people see as the most valuable part of the exercise – the…[Read more]

Sheesh.

BTW, for the ‘wind is economical now’ fans, several investments in the Canberra region, in the face of…[Read more]

In answer to your original question, I always make sure that the cashflow covers the tenant expense, including vacancies. That’s the same as you, really – the tenant pays me to landbank.I don’t really think it’s a commercial vs residential thing, I think it’s more about cashflow vs cap gains.

And yes, my contracts specify all sorts of…[Read more]

What does YOUR research and due diligence show? Where are you looking for info, and what trust do you put in your sources? As Michael’s response indicates, an answer to your question will only be valuable and as meaningful if it relates to your goals.

Do you have…[Read more]

I do not want to disclose the data I am after to ensure results are accurate.

Ah, an interactive survey! Will be interested to see…[Read more]

I note your form seems to concentrate in its second half on overseas investment. Why is that? It might be good if you were willing to spell out what it is you are trying to achieve in your survey.

NB. I never give out my personal details, so although I’ve filled your survey, I’ll just pass on the wine.

In the mean time, you upgrade your…[Read more]

Try Kalgoorlie.

Try buying a dump and renovating or a tiny box and extending or a commercial property or a “Don’t wanter” or a wrap or a flip or something that you can turn from negative to positive.

Use your eyes and your brains, not your butt and your mouse. CF+ never did just fall out of the skies, you had to look and look and…[Read more]

I can’t imagine how hard that must have been, let alone how you must feel.

My (US) lawyer insisted that my wife and I decide the issue as part of estate planning so we have formal DNR orders for ourselves and as instructions to whoever may become responsible for us.

Congrats for having the courage to start this thread.

Be careful about “checking out” the bad areas. Many people I spoke to wouldn’t go there even if you paid them serious money, especially if you have a white skin. My realtor wouldn’t even inspect houses there without an off-duty cop for protection. As for trying to collect rent from one of these places – you’d need Mike Tyson to do…[Read more]

There is also the local percpetion that Buffalo is dying. When…[Read more]

Ozi makes a number of valid points, as far as they go. After some misfires, some of which cost serious money, I am…[Read more]

However, in giving advice on a forum like this, where you only know part of the story but tailor a suggestion to what you do know, ay not be in the best interest of the person you are trying to help.

The solution is…[Read more]

Yes, in upper New York State, since you ask. It’s not an easy market. Friends of mine have, in the last two months, bought positive cashflow properties in Karratha and Kalgoorlie, one got a steal in Western Sydney and I put up a property for sale with over…[Read more]

1. You can’t get the easement off the title without the agreement of the beneficiary of the easement, and it doesn’t sound like that will happen any time soon.

2. You are entitled to have one, two or 127 gates, providing that the specific terms of the easement do not prevent this.

3. You can’t…[Read more]

WHY aren’t you going out and looking for deals you can make into +CF? Or investing in Kalgoorlie? Or Karratha?

Obviously your money and your call – but ask what you could be doing with your…[Read more]

Of course,that also depends on the condition of the property, the actual…[Read more]

Dunno why people want to spend hundreds of k’s on a house and drive around in a car that makes them look like a hillbilly, though. I thought investing in RE is supposed to make our lifestyles…[Read more]

I think most property savvy accountants these days would answer “None in either name”. You put +CF properties into a discretionary trust, and get both asset protection and tax advantages, you put -CF…[Read more]

This doesn’t…[Read more]

Assume all up it costs you $5000 in taxes, fees, stamp duty etc to close so you pay $120,000. Assume also that you have the house occupied 48 weeks a year (8% vacancy, I’m being cautious on your behalf) and finally assume that you’ll lose 20% of your rent in maintenance, land tax, agent’s fees and similar…[Read more]