Not sure I’d install one in an IP though. They do tend to break down alot and are expensive to repair. Remote controls cost around $70 to replace.

You will always miss 100% of the shots you don’t take!

Why do people think tat Nats12’s initial offer was low balling? Low balling is when you significantly offer below the fair market value. I don’t think that Nats12 has done that.

Honestly, how many people here are really usually making just ONE offer on a property- their best offer?

If it…[Read more]

But I’m really referring to the original posts by NAT12.

1.It was her initial bid.
2.At 5k less than someone else’s it was not a low ball.
3.She was not given a 5 second phone call to give another offer. The vendor is NOT waiting for days for another buyer/offer.
4.There is no need for further house…[Read more]

For the people who feel that NAT12 should have offered a higher price, or, that it’s understandable/forgivable that a REA shuns other buyers for a quick sale, how would they feel if they were the vendor who…[Read more]

I’m going to ruffle a few feathers here and take the opposite point of view.

A house is only worth what someone is prepared to pay for it. You were prepared to pay more but the market said it was worth less. You saved yourself some dollars for the next deal.

The problem as I see it is this. Both parties are trying to save/make as much…[Read more]

Thanks for your comments although you have me at a bit of a loss. What are you refering to?

My PPOR is P&I
My IP1 is P&I only because we only owe $19000
My IP2 is IO

Yes all my wages and rents ect go into the LOC.

What point are you trying to make.

You will always miss 100% of the shots you don’t take!

IP1 only has $19,000 owing so not worth going IO.

IP2 is already IO and cost $122500.

Rent is already $170pw which is as much as you’ll get in the area, no matter what reno you do short of 4th br which is not practicle.

Has dishwasher,aircon, double shed, entertainment area ect.

Sell the kids… Tried that but could not get a good…[Read more]

Sometimes you get so focused on what you have not achieved yet you forget what you have achieved already.

Feels good to know we are not the only ones making sacrifices for a better future. Sometimes when your dead broke but have $400 000 dollers worth of property you wonder what the hell you are…[Read more]

Who here sinks the rent from properties back into the same property or puts the money into an account for emergency/repairs?

We personally live of the income from our houses and when the bills come along just pay them as we can.

You will always miss 100% of the shots you don’t take!

Yes time can do the work I suppose. But how do the people who feature in API do it. They buy several properties in a couple of months and some of them are not on huge incomes? Where do they come up with the money for the repayments? I know the rent covers alot of it but in most cases not all of it.

As for why sell a good performing…[Read more]

Yes selling IP1 did cross my mind. However because the LOC is set up against this property there would not be much left to re-invest and I would be losing the cashflow from this positive property.

After saying that however, I have decided to sell when the climate warms up a bit and the gardens/lawns start to bloom.…[Read more]

I have some equity from the properties, as I paid less than valuation ect but cashflow wise I have buggerall left. I’m flat out paying down my current bad debts as it is.

Thanks for your reply.

You will always miss 100% of the shots you don’t take!

Imagine this new IP you are considering the purchase of sounds fantastic. The figures work well, the pictures look great. All the inspections are favourable.

But…

The house next door has several burnt out wrecks in the front yard.[blink] The lawn is…[Read more]

By the way, I invest in one of the suburbs mentioned so I’m all smiles[biggrin][biggrin][biggrin][grad][specool]

If you want that sort of info just subscribe to API.

You will always miss 100% of the shots you don’t take!

You will always miss 100% of the shots you don’t take!

Just because very few people own their…[Read more]

Oh, and I forgot to add that foundation has already countered that…[Read more]

For most newbie investers, stats don’t mean much and are expensive and then where do you get them from?

I suggest look at it from a practicle point of view. What sort of market do you want to invest in? eg low income or blue coller?

Decide that, then apply some reasoning. Low income – what are they looking for? Public transport,…[Read more]

If you are too concerned with :The right time” then you may just wait too long and miss the boat.

Invest for long term and if prices drop then just hold on and eventually things will correct themselves.

Just don’t overextend yourself in case things…[Read more]

An exodus of investers means a glut of homes on the market.This reduces prices which allows homeowners back into the market which then causes rental properties to be scarce again. Causing high rents. Supply and demand.

Let’s go back to the basi…[Read more]

Just jokes. I like America.

But if prices went up like that then the global economy would be effected and no doubt there would be some heavy boardroom politics going on. But at the end of the day people still have to rent.

You will always miss 100% of the…[Read more]

Rent is based on supply and demand. I know agents who specifically target low income earners because regardless of how much the rent is set at the government just comes along and tops up their rent allowance. Most low income earners do not have alot of choice when it…[Read more]

So let me get this straight! I can estimate the value of things like alarm systmes and dishwashers ect? What sort of percentage can you claim on these sort of items and how do I find this out?
I have a house I have rented out for over 6 year…[Read more]

Try SA. Some areas of SA are the most affordable homes I have ever seen and I think the area will improve over time. You have to research the suburbs and pick one worthwhile, but there are large populations of middle – low income earners there and they have to live somewhere. Try areas like Smithfield…[Read more]

Anyway Melbourne is a large city indeed and I guess 30-40 Km away is not far in comparison to say Adelaide where 30 – 40 KM is a long way. We ar in the poor quater here and Adelaide is only 38km away. You see…[Read more]

So far I’m leaning towards just increasing the rent. The tenant has been there for years and does not seem to want to move so I think he will not be too bothered.

You will always miss 100% of the shots you don’t take!

You will always miss 100% of the shots you don’t take!

Hope that helps

You will always miss 100% of the shots you don’t take!

You will always miss 100% of the shots you don’t take!

At least John Howard makes a decision and stands by it.

I don’t think that having a new face in the hot seat is a great justification for removing something that is working fine.

For some reason Aussies start to feel a little…[Read more]

In realation to PI this sort of attitude will only drag the countries economic growth down into the dark ages again.

Howard has a good grasp of whats going on in the world and has the…[Read more]

You will always miss 100% of the shots you don’t take!

IMHO It is just far too great a risk to not have.

You would not take $100 000 or what ever your property is worth into a casino and put it on red would you?

Its only a few hundrend bucks and it’s one of the few things you can claim back on tax.

Tell your…[Read more]

But I have heard bandied about something like 2% or 2.5% of the income?

Anyone else heard of something like this.

You will always miss 100% of the shots you don’t take!

As for your question Yack, yes they are a long way from home but the population is over 20 000 with 5 agencies so management should not be a problem. I don’t think I will have to do much of anything too them as they are already rented out and have been for a long time.

You will always miss 100% of the shots you don’t take!

I guess the answer to your question depends on whether you are investing for cashflow or growth?

As far as I can see if you think cashflow is King then what difference does it make if the property value increases or not? If it does (bonus) then you are still gaining equity even though the property…[Read more]

You will always miss 100% of the shots you don’t take!

Never had a problem with tenants. Area is now quite sort after as it is in town and near…[Read more]

My wife and I bought cashflow after attending a RK seminar in Sydney.

The game definatly has a great potential for learing. I’m in Canberra so I’ll be putting my name down on that list as well.

See you there[exhappy]

You will always miss 100% of the shots you don’t take!

I subscribed to API last year. Invaluable reading[baaa]

You will always miss 100% of the shots you don’t take!

Bigben, at 25 you sound like you are realy doing well. Kids or no kids. Remember though, all the money/property in the world is not worth the memories I…[Read more]

But I love cashflow. I love knowing that every week someone is paying me. The thought of maybe making $100,000 in 10 years is quit appealing but that is too long a time for things to go wrong. You take the same risks I do with tenants and vacancy…[Read more]

Good to hear from you. Yes I follow most of your posts with interest because it seems we think along the same lines. Ok here is the rundown.

1. Purchased in 1997 as first own home.
(Was forced to look at bottom of market as I had a very young family and only one wage) 3br/1bth weatherboard ex housing commission.

2. Purchased at…[Read more]

As a matter of a fact our 1st property has achieved quite a good capital gain over time. We purchased in 1996 for $32500 at auction. I estimate that based on current prices in town, house would now be worth
$80 000 – $90 000. Don’t know what that works out as a percentage but in my books its pretty good. House has not needed anything…[Read more]

It seems that most people so far have expressed the same concerns that I also feel.

I guess what it comes down to is this. Any PROFIT is good but a small profit with little margin for error can quickly turn into an EXPENCE or CASHFLOW DRAIN.

Unfortunatly I am still no where near making a decision on whether to…[Read more]

I’m not interested in selling my current property. I’m only interested in buying more.

I’m just not sure a ROI of $600 is worth the trouble.

Any more comments would be helpful.[]

You will always miss 100% of the shots you don’t take!

quote:
Hi Aaron,
I am assistant manager on the delphi Motorhomes Australia site. I have previously travelled around Oz for a couple of years on a working holiday in a 37 foot Denning, and hubby and I plan now to have enough passive income from our investment properties so that we can retire within 5-7 years to hit the road permanently. Currently…

[Read more]