Total Members: 158,196

qwerty

  • qwerty replied to the topic Numbers and quality on this site dropping in the forum Opinionated! 18 years, 10 months ago

    ANOTHER pointless and belittling post Phil.

    BTW, did you ask repetitive newbie type questions when you started out on the road to your “incredible wealth” or where you just born with unlimited knowledge?

  • qwerty replied to the topic Two houses but not dual occupancy in the forum No Subject 18 years, 11 months ago

    Hi Natasha,

    Check potential yields on this set-up. Sometimes the vendor has a slightly higher price on this arrangement. Tenants could possibly shy away from this (potential privacy issues, fighting tenants etc) and the only way to attract them is to lower the rent! Worst case you might have a situation where the yield equals a standard house in…[Read more]

  • qwerty replied to the topic Ready to leap into the unknown! in the forum No Subject 18 years, 11 months ago

    Ready to leap into the unknown? Make sure you know the “unknown” before you leap anywhere!!

    I would seriously consider buying again once I saw prices starting to trend up which won’t be for a number of years yet in most areas.

    In the meantime keep reading guys and improve that “unknown” bit.

  • qwerty replied to the topic Rental woes and 1st time investor mistakes in the forum General Property 18 years, 11 months ago

    Hi mermaids,

    I’ve been property investing since the mid 80’s and you only get to enjoy PI 2 years out of about 10 (the boom phase). The rest of the time is full of repair costs, vacancies, rent defaulting, damage, overheads, crappy PM’s, etc, etc, etc.

    Sometimes you should look at the “smart guys” and observe what they do. The smar…[Read more]

  • qwerty replied to the topic comprehensive car insurance? in the forum Opinionated! 19 years, 1 month ago

    Hi Jess,

    Check with a few panel beaters as they deal with them everyday. Tight insurance companies usually “force” the panel beater to do a lower standard of work just to score the job.

    I have found AAMI to be a good compromise between quality repairs and reasonable premiums. AAMI will also allow you to increase your excess and lower your pr…[Read more]

  • qwerty replied to the topic Termites – HELP in the forum General Property 19 years, 1 month ago

    Hi JULES1,

    When the RE market’s not so red hot as it’s been in the last few years this issue may come back to haunt you. Buyers become very fussy when the market cools. If the new buyers get an inspection done repair work will be noted and they could try to negotiate a lower price or just walk away.

    IMHO, repaired termite damage can be ju…[Read more]

  • qwerty replied to the topic Positive geared property in Rockhampton in the forum General Property 19 years, 2 months ago

    Hasn’t Rocky already gone up considerably over the last year or so? Check the SS forum there’s a lengthy post about Rocky (lots of great info too).
    The vendor is probably selling to grab the CG’s for something better. This deal could leave you with a property that will stagnate in value for years without providing an income.
    Do your DD…….

  • qwerty replied to the topic De-facto relationship property agreements in the forum General Property 19 years, 2 months ago

    Hi glenirish,

    What you have in place wont save you in the event of your defacto claiming non-financial contributions in the event of a break-up………

    Purchasing a property between you should just be done as tenants in common to spell out the desired % you wish to hold.

    With solicitors (and tradies etc) you pay for what you get.

    Good Luck

  • qwerty replied to the topic De-facto relationship property agreements in the forum General Property 19 years, 2 months ago

    Hi Thames,

    Just had my domestic relationship agreement finalised about 2 months ago…….lucky you!

    If you can keep your financial affairs seperate to you GF you dont need a DR agreement although, she can claim from you non financial contributions to the relationship. Non finanacial contributions are, for eg, her forgoing a career to raise your…[Read more]

  • qwerty replied to the topic Australians in trouble “warning” in the forum General Property 19 years, 3 months ago

    Hi Michael,

    My experience with kids is that once the first bub comes along the maternal instinct kicks in big time. Then number 2 comes along….[blink]
    I had a lot of trouble getting my “career” wife back to work!!!

    See you on the beach at North Narra some time. (BTW imagine what that caravan parks worth!!!!)

  • qwerty replied to the topic Cashflow positive suckers in the forum Help Needed! 19 years, 3 months ago

    I remember pre boom Tasmania had houses perpetually for sale from the last boom! (some 10 years!)……………Then along came the investor………..

    You can see why remote some vendors resort to dirty tricks to move ‘em because out of a boom he might be holding it for a mighty long time.

  • qwerty replied to the topic Property prices set to fall until 2007? in the forum No Subject 19 years, 3 months ago

    Stick to the EAST side of Pittwater Road and you’re laughing.

  • qwerty replied to the topic Property prices set to fall until 2007? in the forum No Subject 19 years, 3 months ago

    Hi Michael,

    In my view the CG’s at the northern beaches has been way too hot over the last few years. I put it down to the baby boomer phenomenon. Well off north shore people are selling up and buying units/ townhouses down there for cash mainly (with a little bit left over to “party” with). These people are less affected by interest rat…[Read more]

  • qwerty replied to the topic Property prices set to fall until 2007? in the forum No Subject 19 years, 3 months ago

    A few more:

    Brothers IP at Sydney’s Northern Beaches. Late last year could get approx 1.3 mil (based on sales in the area) today agent reckons “high 900’s”.
    Same brother same area has a property pursued heavily by developers. Last offer 2.3 mil. Market’s changed and the developers have lost interest. Street value today is $950k (if his lucky).

  • qwerty replied to the topic Cash traders-Is this the right time? in the forum Help Needed! 19 years, 3 months ago

    First Mistake, don’t believe the agent when he tells you that it will be worth high 300’s when its finished. Things are pretty lean for agents ATM and he’s probably looking for his commission above your concerns! See what refurbished places like this actually sell for. Note carefully what the market is doing in this area. Is it stagnating…[Read more]

  • qwerty replied to the topic Well … it finaly happened in the forum General Property 19 years, 3 months ago

    Marc1,

    Your last post was absolutely spot on!

    I have been paying land tax on my IP’s since 1987 and its a tax that isn’t easy to pass onto tenants. Although, over time, landloards do raise the rent to cope.

  • qwerty replied to the topic Still Available!!! in the forum General Property 19 years, 3 months ago

    Hi muppet,

    Or
    …. there’s fear of further price softening in those areas…….

    I know every successful investor is supposed to go against the herd to make the “real bucks” but sometimes the herd can be right!!

  • qwerty replied to the topic One Quality prop. is better than 4 rubbish ones in the forum General Property 19 years, 4 months ago

    IMHO I don’t know if owning property in Hunters Hill is the answer either. Two things that come to mind is if the property sits on a substantial block land tax would kill you and your potential pool of tenants is considerably smaller.

    I’ve noticed in the past that when the economy is going bad these high ticket properties become difficult…[Read more]

  • qwerty replied to the topic One Quality prop. is better than 4 rubbish ones in the forum General Property 19 years, 4 months ago

    So what’s your answer Phil?

    Before you respond could you possibly run spell check and grammar check over your reply so it appears reasonably credible?

  • Load More

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