PropertyInvesting.com | RickHy | Activity https://www.propertyinvesting.com/members/rickhy/activity/ Activity feed for RickHy. Mon, 13 Apr 2026 09:17:09 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a275a6976ba9c8be185eb8050172ea97 RickHy replied to the topic Kansas City/Engelo Rumora :) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409860-kansas-cityengelo-rumora/#post-4694006 Wed, 18 Sep 2013 01:50:40 +0000 we are going to sell the place ….it should have been fine but mismanagement has cost us $1000's

]]> 283a0ffa8d0d8e9ab04189b7b60ef536 RickHy replied to the topic Looking for a reliable property manager in Kansas City in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409859-looking-for-a-reliable-property-manager-in-kansas-city/#post-4693987 Tue, 17 Sep 2013 05:08:41 +0000 DO NOT USE PRECISE PROPERTY MANAGEMENT ……… hopeless. Couldnt pass on rental payments on time (left it in their account). We had to chase them for everything.
very slow in replying to messages,emails ect. Rarely delivered on promises. We had to manage the manager .
Finally gave them the flick and they couldnt even pass the keys on the the new…[Read more]

]]> 926d6715e2bb14e663caed84d59740a1 RickHy replied to the topic Kansas City/Engelo Rumora :) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409860-kansas-cityengelo-rumora/#post-4694004 Tue, 17 Sep 2013 02:05:42 +0000 I own property in KS MO  …… biggest thing is the property manager . We took advise and went with a manger who was absolutely hopeless !
We had to chase the rent payments …not from the tennent, the manager just held it in their account ….no reason. We had to contact multiple times for them to release it.
They billed us for "repairs" with no…[Read more]

]]> 81434335ed502c25a0107168e759781e RickHy replied to the topic My USA Property in the forum I agree with your post 100% https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/8/#post-4630523 Wed, 23 Mar 2011 04:50:17 +0000 I agree with your post 100% my sole issue is those who add a pointless comment just stating “I can help you”
Followed by email address and website.
Those posts I have an issue with

]]> 4ba874cab09cb5c465ef1b215b9b07d6 RickHy replied to the topic Memphis - ANybody Investing There? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402943-memphis-anybody-investing-there/#post-4643041 Tue, 22 Mar 2011 06:17:33 +0000 Hi TH ,Yeah, all going well settles tomorrow or day after at worst. Memphis looked good as well . We were originally looking at doing 3 in KC and doing 70% LVRfinance but that all went pear shaped banks wanting to know the color of your jocks ect.We were offered 50% LVR in Memphis and that would have gone through easily but the cash flowwasnt…[Read more]

]]> d8e08d713a54745c7fd062dbc8edc5c0 RickHy replied to the topic My USA Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/8/#post-4630518 Tue, 22 Mar 2011 05:40:19 +0000 novel way of doing….good thinking and good mate of there  How do you go tax wise. With the loan being in his name and he is not a party to the property(ownership). You wont be able to claim the interest on tax and also the 50% your mate receives….. you will be the one paying tax on it from what i understand.Big winner – the mate. I may be…[Read more]

]]> 9014c152e8127009df0591b988bb613a RickHy replied to the topic Financing for investment properties non-US foreign investor. in the forum is Kansas city  still a "no https://www.propertyinvesting.com/topic/4402735-financing-for-investment-properties-non-us-foreign-investor/#post-4641560 Tue, 22 Mar 2011 05:36:08 +0000 is Kansas city  still a "no loan zone "

]]> d09fa37a57af12b5d5616221d5e5be85 RickHy replied to the topic Sizeable portfolio? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403085-sizeable-portfolio/#post-4643802 Mon, 21 Mar 2011 22:32:35 +0000 i were one mouse click away from entering the lottery back in 2000. Imagine how many place i could own by now ……..*L*

]]> 0a7fa452da8be79ff171a3d00db241d3 RickHy replied to the topic US property investing : mitigating the management and tenant risks in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403066-us-property-investing-mitigating-the-management-and-tenant-risks/#post-4643725 Mon, 21 Mar 2011 22:30:58 +0000 Thanks TH……… I feel like it should go well. Good luck with Florida ……. i researched where we bought for 6 mths with online info as well as contacting local real estate agents for opinions on differnt zip codes ect . I feel confident we have picked a "mr and Mrs Average" part of town close to everything and bought well below current…[Read more]

]]> 1a9d9a38b7fc455571dc288a38b41452 RickHy replied to the topic US property investing : mitigating the management and tenant risks in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403066-us-property-investing-mitigating-the-management-and-tenant-risks/#post-4643722 Sun, 20 Mar 2011 22:54:39 +0000 Hi TH,Where are you looking at investing. Personelly my property manager is linked to housebuyers usa and I have direct contact to him and he seems to answer emails during the middle of the day here ……. must be nocternal *L*We had 3 or 4 tennants wanting to rent our place prior to closing which was great. Our property manager reccomended a…[Read more]

]]> 6692a9c9ef67edb02ea65c2bf23f8af5 RickHy replied to the topic Sizeable portfolio? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403085-sizeable-portfolio/#post-4643800 Sun, 20 Mar 2011 22:47:49 +0000 enter the lottery….do they still have the green card lotteries ?

]]> ad9117493c88f634e71b92d25ccfe163 RickHy replied to the topic My USA Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/8/#post-4630516 Fri, 18 Mar 2011 22:03:30 +0000 or drawing on home equity ?

]]> e4661d8ebd0bf71b5c504dc49861bf71 RickHy replied to the topic My USA Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/7/#post-4630493 Thu, 17 Mar 2011 02:37:18 +0000 lawsjs,you really have an issue with MyUsa dont you. basically you had a bad experience ?? with them. Thanks for the warning.As far as you saying everywhere apart from LA is a deadbeat town full of unemployment is ill informed rubbish.By all means express your opinions if you had an experience to share. that is what forums are for. But if you are…[Read more]

]]> 63cc141a47a300a304f5d20a2ad7c1f7 RickHy replied to the topic good property manager in upper coomera in the forum General Property https://www.propertyinvesting.com/topic/4372066-good-property-manager-in-upper-coomera/#post-4461053 Tue, 16 Mar 2004 11:42:59 +0000 Hi there,

We are using Diamond Hill Realty in Upper Coomera management fee is the same as the others. Managers name is Matt and he always answers all enquiry and so far so good

]]> a0d5dae5a7d0325c243ad4c04345ea2f RickHy replied to the topic Unconfirmed Rumor in the forum No Subject https://www.propertyinvesting.com/topic/4371026-unconfirmed-rumor/page/2/#post-4452996 Thu, 05 Feb 2004 12:46:05 +0000 Oh I hate telling people… I have a 3 br in Coomera …nearly finished comstruction paid $250K off the plan now valued in exess of $300K and going to rent at $295 p/w ….bring on the development i am happy to see the prices increase ….. I have enough equity in this place buy more ….gotta love it

]]> 14b9e24ad44d6a56c0f47b9264446604 RickHy replied to the topic Hope Island (Gold Coast) in the forum General Property https://www.propertyinvesting.com/topic/4370773-hope-island-gold-coast/#post-4450848 Thu, 05 Feb 2004 12:36:32 +0000 Finally got hold of the agent handling the units for $70k on Hope Island. The reason they are cheap (new price was $190K). Last fin yr occ rate was 17%. Now a new management company has taken over and occ rate has increased to 40% ……. still a big risk i think

]]> e2081f428e8a7a3134c28f6fcbe80be2 RickHy replied to the topic Hope Island (Gold Coast) in the forum General Property https://www.propertyinvesting.com/topic/4370773-hope-island-gold-coast/#post-4450844 Fri, 30 Jan 2004 01:21:53 +0000 that what i am in the process of finding out …. i am sure if it is holiday rental that it will make the 11 sec rule as a starter

]]> a80dcf38ba7f0e2a1d0175b3781738d0 RickHy replied to the topic Northern Gold Coast in the forum General Property https://www.propertyinvesting.com/topic/4370859-northern-gold-coast/#post-4451632 Fri, 30 Jan 2004 01:11:51 +0000 Hi all, nth GC has moved a fair bit. I bought off the plan in upper commera for $250 and still waiting on settlement and it has been valued in the low 300’s now …woo hoo !

]]> 0f05d6867e96fdb893fa10c3246130cc RickHy replied to the topic Hope Island (Gold Coast) in the forum General Property https://www.propertyinvesting.com/topic/4370773-hope-island-gold-coast/#post-4450842 Thu, 29 Jan 2004 00:57:51 +0000 I found a deal …. Hope island. 1 Br holiday rental in harbour front resort. Total cost for unit Near new was $70K to $85 …..waiting on more details from agent….any thoughts.

]]> 26882d909df7c454a7dda66d09ef709d RickHy replied to the topic anyone heard of ..... in the forum General Property https://www.propertyinvesting.com/topic/4370756-anyone-heard-of-2/#post-4450642 Mon, 26 Jan 2004 06:25:52 +0000 I get email from them with their latest deals on them. There is finder fee of $4000 or $5000. They work the cashflow on a 20% cash dep from memory. You can reg free and received the deals in details.
Alwats worth a look

]]> 0e81f45b6907a9e57645d4edb2fe41ec RickHy replied to the topic Geelong in the forum No Subject https://www.propertyinvesting.com/topic/4370754-geelong/#post-4450628 Mon, 26 Jan 2004 00:01:55 +0000 Mike,
I live in Geelong, well bellarine Pen…. Geelong prices over the last few years have increased greatly and to be honest I think you would be doing well to find a CF+ in Geelong. There always seems to be at least 2 pages under “to let”in the weekend papers.
Any investment down this way I believe would be for cap growth rather than rent…[Read more]

]]> e0bd26f81ea7c9fba0849975efdf1833 RickHy replied to the topic holiday rentals ....good or bad ? in the forum General Property https://www.propertyinvesting.com/topic/4370694-holiday-rentals-good-or-bad/#post-4450165 Sun, 25 Jan 2004 00:01:02 +0000 One of the places was a hotel apartment in the heart of Melbourne CBD. The building was leased long term. The lease holder pays all body corp, council rate. The return was $10150 p/a (nett). Property for sale at $120K.
Net return is about $195 p/w …… any thoughts. I have found a few like this in melbourne and Brisbane

]]> 3a5a6bf023d5a6e5f58d8a265fec991c RickHy replied to the topic Overseas Investing - Denarau Fiji in the forum General Property https://www.propertyinvesting.com/topic/4369179-overseas-investing-denarau-fiji/#post-4437650 Mon, 03 Nov 2003 03:36:38 +0000 Hi Propertylogist,
You misread what I wrote, long term rental $300 p/w (not $200 as you said) and the other option of holiday rental of $200 per NIGHT. Figures from developer anticipate 65% occ if you choose to have a 3 mth holiday block for your own use.

]]> ddcee05e5ef8b0de6c201b3b67594593 RickHy replied to the topic Victorian Newbie in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368205-victorian-newbie/#post-4430268 Mon, 29 Sep 2003 03:30:29 +0000 Hi Clancy,

There are a number of ways to approach property investing.
My personel view is that depending on where you at in life depends on which way I would approach it. Personelly while I am employed and paying lage sums of tax I dont want to pay any more. I would try to look for high growth properties and negitively gearing them to gain some…[Read more]

]]> 28c630ee6eb60820a72046cbd32b19a7 RickHy replied to the topic Rich Dad Poor Dad in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367599-rich-dad-poor-dad/#post-4426968 Fri, 12 Sep 2003 09:16:32 +0000 Hi all,
I have read “the book”…. who cares if it is 100% or made up. It is a real eye opener and make you think outside the square. I beleive you listen to as much as you can, books, speaches,seminars Jimmy the dole bludger…everyone has something to add. YOU draw your own conclusions on what YOU want to act on. To disregard someones thoughts…[Read more]

]]> 145f8711fcd23508d1f0c9ec75848d2f RickHy replied to the topic Best tax-minimising investment?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367775-best-tax-minimising-investment/#post-4427900 Fri, 12 Sep 2003 09:02:00 +0000 Hi Soleil,
I suggust you seek advice from people in the know. Financial planners will only offer products from financial institutions and very rarely recomend direct property investment. They will most likely say to get into margin lending or gearing to purchase shares. Only problem is banks will not lend you anywhere near the $$ to invest in…[Read more]

]]> 08e00d78b0fae7422dd554626d5434b7 RickHy replied to the topic People still selling the -ve gearing con? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367780-people-still-selling-the-ve-gearing-con/#post-4427984 Fri, 12 Sep 2003 08:49:26 +0000 Hi all,
I must admit I too take the majority view the negative gearing has its place. Not everyone has the viewpoint that a good investment must soley produce income from day one. Do the best shares pay the highest dividend ? …no, not all of them. Same in property. The best property doesnt have to be positive cash flow. Everyone has their own…[Read more]

]]> 8ba05a6163b8678d05f5734082491fd1 RickHy replied to the topic First Investment Property in the forum No Subject https://www.propertyinvesting.com/topic/4367177-first-investment-property-2/#post-4424011 Sun, 24 Aug 2003 03:04:03 +0000 Bernadet,
The equity you have built up in your own home is a good starting point. But alot more information would be needed to assess what can be done in your position.
I work for Investment Partners Australia Limited. We offer a free service which can assess your financial position and Investment capacity as well as reseaches to locate high…[Read more]

]]> 533a7c76a962cad35784b2b279559483 RickHy replied to the topic Creative financing, or not!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365992-creative-financing-or-not/#post-4416897 Fri, 06 Jun 2003 07:59:25 +0000 Terry,
This is what our finance guy has just set up for us from what I understand of what you wrote. The idea being as you said to pay out home loan ASAP.
The examples shown and the details he ran through all made good sence….see how reality goes hey !

]]> 68726bbeeae48e31c9dbdb4664545ba8 RickHy replied to the topic first purchase made in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365778-first-purchase-made/#post-4415844 Tue, 20 May 2003 09:01:20 +0000 Quentin,
Yes it is a townhouse right on top of the world nice flat plot of land with good views…and access to 4 pools, 2 gyms, spa,sauna, shops and common recreation grounds and club house. The displays looks well constructed and the first stage is fully tenanted. Looks good hope it all goes good ![8D]

]]> 6da57f885aa03d883fcdff1d0d2b0767 RickHy replied to the topic upper coomera SE QLD...good ? in the forum No Subject https://www.propertyinvesting.com/topic/4365718-upper-coomera-se-qld-good/#post-4415544 Fri, 16 May 2003 02:07:49 +0000 Thanks for your input guys.
I have looked into things further and done the inspections ect.
We have put down the $$$ on a 3 br plus study, 3 bathroom split level property on Coomera. It is in a security complex with 4 pools,shops, 2 gyms ect.Projected rental is between $270-$310p/w. Body corp of $34 p/w and on site managers rates 7.5%….this is…[Read more]

]]> 68ebe8be1fbe974fca4e4a502e51289a RickHy replied to the topic upper coomera SE QLD...good ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365718-upper-coomera-se-qld-good/#post-4415540 Sun, 11 May 2003 09:58:49 +0000 BC rate of $36 p/w and rates of approx $1200 p/a.
My worry was the price….does it seem on the mark or a little high ??

quote:
Check out the on site management costs – they will probably kill this deal.


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