PropertyInvesting.com | rhino101 | Activity https://www.propertyinvesting.com/members/rhino101/activity/ Activity feed for rhino101. Tue, 14 Apr 2026 16:05:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1216c3a5ebe7f94161616630710f26c7 rhino101 replied to the topic geting out of a property deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4409683-geting-out-of-a-property-deal/#post-4693136 Fri, 26 Jul 2013 13:35:18 +0000 No worries, looks like they have really picked up the pace in there over the last week or so – houses and earthworks going on left right and centre.

]]> d8138c92f4edc76b85a1f1126637d210 rhino101 replied to the topic Close-minded VS Open-minded real estate thinking in the forum Opinionated! https://www.propertyinvesting.com/topic/4409736-close-minded-vs-open-minded-real-estate-thinking/#post-4693419 Fri, 26 Jul 2013 13:32:47 +0000 Happy 30th post from one 30th poster to another!yes

One other thing I have found with these courses – Even if you don't end up going fully into their prescribed methods and becoming a student and going the whole hog – there is still often a lot of good info that can be taken away from the course and used to augment your own methods. Even when so…[Read more]

]]> 1cc2728ef33f287855c92ee725630327 rhino101 replied to the topic Close-minded VS Open-minded real estate thinking in the forum Tamara43 wrote:Hi Rhino, Just https://www.propertyinvesting.com/topic/4409736-close-minded-vs-open-minded-real-estate-thinking/#post-4693417 Thu, 25 Jul 2013 11:15:43 +0000 Tamara43 wrote:
Hi Rhino, Just a comment about people charging $3000 vs $300 for their intellectual property….. Courses cost money to put on: 1) There are ADMIN costs for all the material (including folders, photocopying notes/booklets, equipment required, prizes etc…) 2) STAFF costs – staff need to be paid to co-ordinate all course…[Read more]

]]> 120181a5065e10a0faa55eb953886694 rhino101 replied to the topic Close-minded VS Open-minded real estate thinking in the forum Opinionated! https://www.propertyinvesting.com/topic/4409736-close-minded-vs-open-minded-real-estate-thinking/#post-4693415 Mon, 22 Jul 2013 11:45:06 +0000 Hey Tamara,

I appreciate your position, I know you said previously that you had a go with traditional Real Estate methods and it didn't work out. It's great that rather than give up, as many do in a similar situation, you have taken a proactive stance and continued to work to find a method that works for you. I have great respect for anyone that…[Read more]

]]> 893ad508a28bdfe1964baf64c002605c rhino101 replied to the topic Close-minded VS Open-minded real estate thinking in the forum Opinionated! https://www.propertyinvesting.com/topic/4409736-close-minded-vs-open-minded-real-estate-thinking/#post-4693414 Mon, 22 Jul 2013 11:21:38 +0000 Comments that are wise beyond your years. With that attitude and mentality, you will achieve success, because you will find the method that works for you and then act on it. Great to see people in your age group thinking about their future, keep it up!!!

]]> 33a1eb3903415184499c70eb22021658 rhino101 replied to the topic Wants to start early in the forum Help Needed! https://www.propertyinvesting.com/topic/4409746-wants-to-start-early/#post-4693486 Sun, 21 Jul 2013 12:27:20 +0000 Congratulations – you're on the right path. To be thinking about this at your age is going to put you well ahead in life.

As well as all the reading – find anyone who has had anything to do with any sort of property investing and question them mercilessly. You will get a huge variety of methods, with many claiming theirs is the best way. Take it…[Read more]

]]> 2637109fa68d1856406b36bff14c7bca rhino101 replied to the topic Close-minded VS Open-minded real estate thinking in the forum Opinionated! https://www.propertyinvesting.com/topic/4409736-close-minded-vs-open-minded-real-estate-thinking/#post-4693410 Sat, 20 Jul 2013 12:51:57 +0000 Tamara43 wrote:
Hi Catalyst You also made a good point re: Dymphna. I'm actually surprised at that. I think she is more of a buy and hold type of person. I'm sure Cherie Barber would have something to say about her comment. Ah hello…..the woman has made millions from that strategy so it's gotta work! I was also disappointed when I attended a…[Read more]

]]> b92fd69710925d6f1a3f0761c9ec872d rhino101 replied to the topic It's possible to Buy house for a DOLLAR? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409722-its-possible-to-buy-house-for-a-dollar/#post-4693330 Thu, 18 Jul 2013 11:10:10 +0000 I am just about finished this book. I own and have read dozens and dozens of real estate/ investment/ money books and I found this to be one of the most frustrating. The first 2/3 of the book were spent on vague generalisations, with every chapter telling me about how this book was going to teach me the 'how to's' of his strategy, without ever…[Read more]

]]> 700fc549b32fab0fd3e177fa8c58009c rhino101 replied to the topic 1 unit 1 bath A GOOD INVESTMENT ?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409714-1-unit-1-bath-a-good-investment/#post-4693302 Tue, 16 Jul 2013 11:09:26 +0000 siewlin wrote:

i'm still waiting for the agent to reply regards the property size.

This is fairly important with units – often banks can be reluctant to lend on smaller than 50sqm, which, while you may be comfortable with that, it can affect your ability to re-sell down the line when less buyers can qualify.

]]> 0cd68923d7309b434b22db163f144903 rhino101 replied to the topic 1 unit 1 bath A GOOD INVESTMENT ?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409714-1-unit-1-bath-a-good-investment/#post-4693301 Tue, 16 Jul 2013 11:06:29 +0000 If you're using a property manager you would want to estimate approx 10% of your rent to be safe – in your case = $1404.  That brings your CF down to $319 just by itself, without including a budget for repairs.

We have several units and while they can look PCF on the surface, you really need to do your research on all the possible fees – body…[Read more]

]]> 65a80787f4c996f2e9df15596e273a47 rhino101 replied to the topic geting out of a property deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4409683-geting-out-of-a-property-deal/#post-4693134 Tue, 16 Jul 2013 10:53:28 +0000 If you're talking about your Gladstone place, despite the current drop, it is still a booming town with plenty of diverse long term industry and the property market will balance itself back out in time. If you end up not being able to pull out, the place should still be a reasonably stable long term investment, the gains just might not be as quick…[Read more]

]]> 5e12fa53e0531f7a5fbd6716bedf4d82 rhino101 replied to the topic renovating with a tenant in place in the forum General Property https://www.propertyinvesting.com/topic/4409699-renovating-with-a-tenant-in-place/#post-4693238 Mon, 15 Jul 2013 09:59:29 +0000 It can work sometimes – I have done a 1 into 2 block with a tennant in the house where I had to remove a part of the laundry and also do some other renovations (not to mention all the civil works, fencing etc) . I told the tennant up front what was happening and gave them discounted rent for 6 months. They were happy as they got 6mnths disounted…[Read more]

]]> 202a80a5b519a660a35e654564fa60e2 rhino101 replied to the topic purchaser offers a micro deposit, it sux in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409706-purchaser-offers-a-micro-deposit-it-sux/#post-4693268 Mon, 15 Jul 2013 09:51:44 +0000 That's the thing about purchase contracts that many people don't realise – They are not set in stone and every part of it can be negotiated. In an ideal situation the contract can be varied back and forth until both parties are happy with the terms and are equally protected. If you don't like the terms you are being offered send it back with some…[Read more]

]]> 9af2417a3fc70c19fe68283ca870be9f rhino101 replied to the topic Avoiding CGT in the forum Creative Investing https://www.propertyinvesting.com/topic/4409628-avoiding-cgt-2/#post-4692853 Sat, 29 Jun 2013 10:04:48 +0000 No, pretty sure it doesn't work that way in Australia. I think I heard at one stage that it was a method that is allowable in the US (could be wrong). I think I remember reading about the investment strategy of negating CGT by using the profit to purchase another investment, and constantly upsizing as you go.

Fairly certain it doesn't apply here.…[Read more]

]]> b6588a8a30cf9292173d4e40698c6f46 rhino101 replied to the topic Is rent to buy a scam? in the forum Creative Investing https://www.propertyinvesting.com/topic/4408696-is-rent-to-buy-a-scam/#post-4686292 Thu, 27 Jun 2013 12:11:44 +0000 Hey Tamara43, thanks for that. I've got books on most R/E subjects, including some that touch on this topic briefly but don't fully explain it. Will get hold of that book and have a look at the website.

Unfortunately not in Sydney – am in central QLD. I don't mind doing lot's of legwork when it comes to researching and putting together IP…[Read more]

]]> 45b09f9bf6431dc622cd9e624e76b7dd rhino101 replied to the topic Is rent to buy a scam? in the forum Creative Investing https://www.propertyinvesting.com/topic/4408696-is-rent-to-buy-a-scam/#post-4686290 Wed, 26 Jun 2013 13:04:43 +0000 Some good info here, We have been looking at this option for a while but haven't had a lot of info on it. We would be keen to buy a property and then offer it as rent to buy. Is there a particular book or other resource people can suggest that covers the how to's on this?

]]> ff2c01ea4e36651ba6801b5426a3461d rhino101 replied to the topic Request to lower rent. in the forum General Property https://www.propertyinvesting.com/topic/4409615-request-to-lower-rent/#post-4692726 Tue, 25 Jun 2013 12:01:49 +0000 Where is your IP situated?

Yep, I have had similar in the past – usually seems to occur when supply exceeds demand and vacancy rates are going up. Puts the tennant in the drivers seat as they know that if you don't agree they can walk and get a better place for cheaper rent elsewhere. Sometimes it's a bit of a bluff as they are the ones that will…[Read more]

]]> 121e9130e3ebad3ca68655eb94d793a8 rhino101 replied to the topic Need Help to Start on Positive Cash Flow Investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4409600-need-help-to-start-on-positive-cash-flow-investing/#post-4692631 Mon, 24 Jun 2013 11:40:53 +0000 Don't know if you're in a position to, but I would include a visit to the town you end up choosing prior to sending any offers away. While I have bought the occasional property sight unseen, it has only been when i was very familiar with the market, or engaged a buyers agent that was. Most of the time when I do all the research and settle on a…[Read more]

]]> c9b402e5fe60408d317706d41aa9ebca rhino101 replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/24/#post-4652461 Sat, 22 Jun 2013 07:01:52 +0000 https://www.propertyinvesting.com/forums/property-investing/help-needed/4345064

Hey Daniel,

I live and own a place in Gladstone – have a look at this thread for a bit more info.

Cheers

]]> 369062c36a6f4804b1263cc0f597c548 rhino101 replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/24/#post-4652458 Thu, 20 Jun 2013 12:19:38 +0000 Geezzzz, there'd want to be some hope. 

We owned a duplex there several years ago. Held it for a year and sold for $100k profit, while maintaining 15-18% rent returns. After we sold,. the market continued to increase and if we'd waited another year we would have seen another $100k. I have no problem selling when we did as I have long held the…[Read more]

]]> f4f2f18e922733f494bf95a0537ebf77 rhino101 replied to the topic Cairns Council Rates - are they mad? in the forum General Property https://www.propertyinvesting.com/topic/4408594-cairns-council-rates-are-they-mad/page/2/#post-4685367 Sun, 16 Jun 2013 11:42:33 +0000 JacM wrote:
Not to rub salt into the wound, but it's been said for some time that investing in the tourism sector is dangerous.  Perhaps don't buy another one in the area!

"They" say don't invest in Tourism towns, don't invest in mining towns, don't invest in regional towns, don't invest in inner city apartments……and the list goes…[Read more]

]]> 3075f101cc1f77f841e198fa05d607e5 rhino101 replied to the topic Broken hill - anyone own property there? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409375-broken-hill-anyone-own-property-there/#post-4690881 Sun, 16 Jun 2013 11:27:52 +0000 You must have done reasonably well from it Richard, you would have been buying back when places were in the sub $50k range?

What are your thoughts on the place at the moment?

]]> 40f895f154d103fed819facbe14511e5 rhino101 replied to the topic Broken hill - anyone own property there? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409375-broken-hill-anyone-own-property-there/#post-4690880 Sun, 16 Jun 2013 11:24:47 +0000 Have you heard anything recent or concrete regarding the mine reopening?  We bought a place there in 2004 and still own it. The mine was supposed to be re opening "soon" back then, and nothing seems to have changed yet. I know the company looking to reopen it had gotten a fair way into the process when the GFC hit and it seemed to get put on the…[Read more]

]]> 7ede40983d67a9d423d6439e9081b64a rhino101 replied to the topic Who has Bought in Gladstone? Share experience and Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4407053-who-has-bought-in-gladstone-share-experience-and-advice/#post-4673234 Sat, 15 Jun 2013 21:18:19 +0000 I live in Gladstone, having moved here a bit over a year ago. We bought a house at the time and indicators then were that a massive boom in house prices and rents had just peaked and was starting to ease back. As mentioned above by other posters, there had been a major shortage of housing for some time and the old supply/ demand laws were very…[Read more]

]]> 5738fda260283f164107ab4f6baa797b rhino101 replied to the topic To Buy Or Not To Buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4404368-to-buy-or-not-to-buy-9/#post-4653316 Fri, 19 Aug 2011 14:07:43 +0000 I read a book a while back which was the biography of one of the richest men in Japan. His start happened when he hunkered down in his underground bunker as Hiroshima was being bombed. As soon as he could he started buying land and then held it and waited for stability which eventually came and he made squillions…….There is always the…[Read more]

]]> 57e748ab95f803d90dee5d8539a3f9f0 rhino101 replied to the topic Costs of Subdivision/Development in the forum General Property https://www.propertyinvesting.com/topic/4394464-costs-of-subdivisiondevelopment/#post-4594367 Fri, 24 Oct 2008 11:45:43 +0000 G'day Nepash,Sounds like you're already well on your way to getting things happening.Something to bear in mind (and you have probably already done this), but have you put together a feasibility on what you want to do?Certainly worth doing so you can work out what sort of profit, if any you are going to make out of it at the end. Before you spend…[Read more]

]]> 0b0657ff642c4531425c85c06660201e rhino101 replied to the topic Costs of Subdivision/Development in the forum General Property https://www.propertyinvesting.com/topic/4394464-costs-of-subdivisiondevelopment/#post-4594361 Wed, 15 Oct 2008 11:40:15 +0000 A good start would be to get in touch with a couple of local town planners (can be found in the phone book). Give a couple of these a ring and outline what you want to do and ask them about their service / fees. Often there is a fee to do an initial appraisal on the place and then they can outline a cost structure and plan for managing the process…[Read more]

]]> fe1c69893836ff3b86e4c131801ae1a1 rhino101 replied to the topic Subdivision help and advise in the forum Help Needed! https://www.propertyinvesting.com/topic/4392062-subdivision-help-and-advise/#post-4581414 Fri, 22 Aug 2008 14:10:21 +0000 Hi all,Great info all round on this site…We are currently looking into Ipswich area subd's (1 lot into 2) and have done quite a bit of research on the area and into council guidelines etc…Just wondering if any one else has any tips / experience in this location, as the subdivision angle is fairly new to us (have always followed the buy and…[Read more]

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