Hi Amit,

I can’t answer whether I think you should do it or not, because I don’t know your personal circumstances… I would say this though, is this a property that you’ve simply located through a realestate.com.au search, or have you hit the phones to find out what else is available in Cobar? If it’s just through the web, I’d do a lot more…[Read more]

Hi Dennis,

Spend some time on google.com and you’ll find everything you are looking for…

Cobar’s fortunes rise and fall with the mines, and also the surrounding area in terms of drought affected farmers… You’re one of the few people I’ve come across who reckon it’s got a good feel… a lot of people think it’s a hole… Me? I reckon it’s…[Read more]

Amit,

Are you looking to buy there simply because there’s cheap houses? Do you know anything about Cobar? Its main industries? Its infrastructure? You have to look past the cheap houses sometimes… they’re a good starting point, but there’s a lot more investigation you need to do.

Cheers
r

Hi golf champ,

Have a crack… but make sure you put heaps of time into finding your own answers to due diligence queries that may arise… your own sleep at night factor (SANF) is the main thing to overcome.

Cheers
r

G’day,

Personally, I don’t like financial advisors… a lot of the time they end up just trying to flog you stuff they end up getting a commission for.

In terms of buying an IP before a PPOR, there’s a school of thought that it’s better to buy IPs because the interest on the loans is deductible (good debt) whereas with a PPOR it is not (bad…[Read more]

Hi,

My family is from up that way… do you like it just because it has cheap houses, or do you like it as a place because you have been there… If you haven’t been there, perhaps a trip is in order, because even though there’s bugger all out there, it’s pretty interesting…

Do some research on google to find out the future of the mines, and…[Read more]

G’day

Sports journo/AFL producer at Ch 9 in Melb.

Cheers
r

Excellent, admin… the sooner you flush, the better! [] I notice very few of the regulars have posted here tonight… hopefully they’ll be back… I will be, but I’m going now… can’t put up with this individual any more tonight. Better things to do…

r

Hi Lynne,

his IP address will be logged.

Cheers
r

note, I changed the original post, cos I looked like a sook… sorry ’bout that shaneb

r

Hi Native_Metal,

ONLY 5-6 IPs???

I would just focus on getting the ball rolling for the minute, and just finding 5-6 IPs to get started will keep you out of mischief for a while []… Steve’s situation is rather unique, in that he got started when property prices were much, much lower… in tandem with a business partner while cultivating…[Read more]

howdy annie…

I think the guy who said only fools bought on the internet is spot on… the term “due diligence” is fairly wide ranging, but it is imperative that it be done. I’ve heard of people putting unconditional contracts on places over the phone after just looking on the web, and they are only opening themselves up to problems.

your…[Read more]

Peter,

why wouldn’t they take gus seriously?

cheers
r

hi lynnem,

combination of working hard, saving my butt off and using a line of credit.

cheers
r

He’s gone from being Geoffrey Boycott to Adam Gilchrist in a fortnight.

I thought it was a good publicity thing for Crazy John’s to buy one… but as for the ones that sold on Sunday… far too much… []
r

howdy again fizman… please don’t feel as though you have to defend yourself… I hope you didn’t think I or anyone else was attacking or too critical, just trying to help mate []
I’d still concentrate on reducing the debt you already have…

all the best
r

I’d put my head down and arse up to get rid of the car and personal loans first of all, then reassess from there, but I’m conservative… I wouldn’t be getting myself into even more debt if I was struggling already… a cf+ IP isn’t neccesarily the answer to your problem. I’d have a look at your spending habits and get those in order…

cheers,…[Read more]

it’s the old argument isn’t it? cg v yield… yield v cg… blah blah blah, horses for courses, it’s what you can afford, and what gets you to where you want to go…

from what I’ve heard from Ms Wakelin, the only IPs worth buying are the ones in inner city Bris, Syd and Melb… I can’t afford to do that just at the minute, as I’m sure a lot of…[Read more]

I’m pretty sure with a lot of the properties in geraldton, you are actually only paying for the house… you lease the land off the government, so it’s probably not 100% as it seems… I’d do some more research.

cheers
r