PropertyInvesting.com | Samwise | Activity https://www.propertyinvesting.com/members/samwise/activity/ Activity feed for Samwise. Sun, 12 Apr 2026 09:36:23 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4d1475ad06af17fac9dd780c256498ab Samwise replied to the topic Selling disaster! in the forum Help Needed! https://www.propertyinvesting.com/topic/4373811-selling-disaster/#post-4474419 Mon, 24 May 2004 07:25:44 +0000 Thanks for your advice, Mortgage Hunter. Sorry not to reply sooner – been away. I don’t get a lot of time to chat on this website, but I do like to keep up as much as possible as there’s a lot of information to be gained here and I like reading the posts.
I’ve EMailed you and Ezy privately. I know there’s a no ad policy here Kay Henry but I didn’t…[Read more]

]]> 097a5a3f70374b937022ebe29851791f Samwise replied to the topic When is an IP sold? in the forum General Property https://www.propertyinvesting.com/topic/4373204-when-is-an-ip-sold/#post-4469575 Wed, 28 Apr 2004 02:29:22 +0000 Thanks Terryw and annaw2 – I thought that was the case

– I’ve asked my accountant – my wonderful partner – who doesn’t have a clue.[hmm]

Yo Ho Samwise

]]> 54f4163d37fcb679070366558deef9f6 Samwise replied to the topic Land Tax Shock NSW in the forum General Property https://www.propertyinvesting.com/topic/4372833-land-tax-shock-nsw/#post-4467198 Wed, 28 Apr 2004 02:13:56 +0000 Eljay,
It stinks, but after personally taking the LTO to court over Land Tax issue which we lost (even though we had all the facts and logic on our side), I wouldn’t hold out much hope. Hope you can get a revaluation.

Yo Ho Samwise

]]> c61e89113e1a8fabafb7860e4508b66f Samwise replied to the topic How to become a fortune teller and maker in the forum General Property https://www.propertyinvesting.com/topic/4371483-how-to-become-a-fortune-teller-and-maker/page/2/#post-4455991 Wed, 28 Apr 2004 01:58:17 +0000 Quote:
Originally posted by Cheata68:
[
Cairns is a hot tip, people are moving into the area from all over Australia, they estimate in 20 years the population will double.

Hi Kev,
I agree – Cairns was mentioned in the media as one of the next hotspots. However, with this and other places mentioned, how do they sustain the job situation – how…[Read more]

]]> ec1e41a1a863f502fa91d57607368ce7 Samwise replied to the topic 6 Things i've learnt in the forum General Property https://www.propertyinvesting.com/topic/4373214-6-things-ive-learnt/#post-4469651 Wed, 28 Apr 2004 01:36:07 +0000 MS Outlook Calendar facility to mark (with a two week warning bell) in when my leases are expected to expire. I get in contact with the PM at this time and remind them that the lease is due to expire and they need to find out what the tenant is doing and take appropriate steps. If they are moving out – start advertising, if they are staying…[Read more]

]]> bce6111777af942fd8d6c7fc14c56fb8 Samwise replied to the topic When is an IP sold? in the forum General Property https://www.propertyinvesting.com/topic/4373204-when-is-an-ip-sold/#post-4469572 Wed, 28 Apr 2004 01:23:22 +0000 Originally posted by PurpleKiss:
[
By the way, I though it was sold as at change of contract too, but can’t you check with your settlement agency or soliciotr or whatever it is your state has? Best to get the correct answer from the professionals, that’s what you’re paying them for.

Solicitor is unsure as it’s new legislation yet to be…[Read more]

]]> a46d11a51c65513437ad28e6abd58cad Samwise replied to the topic New offer after building inspection in the forum General Property https://www.propertyinvesting.com/topic/4373270-new-offer-after-building-inspection/#post-4470297 Wed, 28 Apr 2004 01:02:36 +0000 My understanding is that the contract stands as is – you can’t renegotiate the price. However you can make requisitions on the existing contract that the seller fix whatever – the seller has the right to accept these requisitions or he can pull out.

Yo Ho Samwise

]]> 241908709ea386b591f84d0ee61671fb Samwise replied to the topic How much is too much debt? in the forum Finance https://www.propertyinvesting.com/topic/4373272-how-much-is-too-much-debt/#post-4470308 Wed, 28 Apr 2004 00:57:50 +0000 Hi Jo

Steve advised me not to take out too much equity in your ppor – 30% mortgage at most. You don’t want to end up losing your home. I have refinanced my IPs so they stand on their own and some are mortgaged 105%, so if anything happens I won’t be bankrupt.
I don’t think you need to put a figure on what you owe, just take care when you set…[Read more]

]]> b4e105a43b28c89763faec8ffc8e4c6e Samwise replied to the topic Chan the Moderator in the forum Forum Frolic https://www.propertyinvesting.com/topic/4373060-chan-the-moderator/#post-4468642 Mon, 26 Apr 2004 07:45:07 +0000 Congrats on your new status Chan – Ive always found you helpful and fair.

Yo Ho Samwise

]]> f5fc6eaac76f9dc75a80fc84394059dc Samwise replied to the topic One or Two IPs at a time in the forum No Subject https://www.propertyinvesting.com/topic/4373111-one-or-two-ips-at-a-time/page/2/#post-4468963 Mon, 26 Apr 2004 07:39:32 +0000 Jo

I’m not familiar with Melbourne but sounds like you were in the right place at the right time. I’m from Sydney and market is definitely softening now – tried to sell at aucvtion and ony one bid..

Yo Ho Samwise

]]> 1d41780bd4935228e4ea357bdad75374 Samwise replied to the topic One or Two IPs at a time in the forum No Subject https://www.propertyinvesting.com/topic/4373111-one-or-two-ips-at-a-time/page/2/#post-4468961 Mon, 26 Apr 2004 06:42:28 +0000 Wow Monopoly that’s a lot of profit – where was the property?

Yo Ho Samwise

]]> 634a0650148ce23968c2fbbd5c480a0d Samwise replied to the topic When is an IP sold? in the forum General Property https://www.propertyinvesting.com/topic/4373204-when-is-an-ip-sold/#post-4469568 Mon, 26 Apr 2004 06:29:29 +0000 Thanks for your reply Monopoly – Does anyone else think a property is sold on exchange of contracts?
I agree that any amount for deposit is ok if seller agrees. The purchaser is still liable for the full 10% if he reneges on contract. – Usually states this in the contract.

Yo Ho Samwise

]]> bf975263150caa34eefd7d88fa964ef2 Samwise replied to the topic Challenge in the forum General Property https://www.propertyinvesting.com/topic/4372678-challenge-2/page/2/#post-4466366 Sun, 25 Apr 2004 08:25:02 +0000 Terry W – What is short term money lending with caveats and how do I get into it?

Thanks,
Samwise[buz2]

Yo Ho Samwise

]]> 7d76c2e2e29a2c1954535e235224c83b Samwise replied to the topic What Have You Learned in the Last 24 Hours? in the forum General Property https://www.propertyinvesting.com/topic/4372784-what-have-you-learned-in-the-last-24-hours/page/2/#post-4466877 Thu, 15 Apr 2004 06:53:50 +0000 I’ve just learnt that Cat in the Hat is a funny film – took my daughter today.

Learnt nothing to do with investment however.Unless it’s worth investing in children’s films.

Tegan[biggrin]

]]> 80d73542a61fc4e519ab599118abead0 Samwise replied to the topic Who wil be retiring in 2 years time? in the forum General Property https://www.propertyinvesting.com/topic/4371492-who-wil-be-retiring-in-2-years-time/page/5/#post-4456146 Thu, 15 Apr 2004 06:45:40 +0000 Nice to hear people’s plans/dreams for retirement. I agree that you never retire so much as keep busy doing things you like and hopefully earn enough to live on. I’m an older member of the forum – 50 – which is ancient to some people here I know. I just wanted to let you know my experiences
– I’ve had a career in management for 20 years with a…[Read more]

]]> 331a2201104053ee892541e20cad76c4 Samwise replied to the topic Bye Bye NSW Property Market (long) in the forum No Subject https://www.propertyinvesting.com/topic/4372656-bye-bye-nsw-property-market-long/page/5/#post-4466189 Tue, 13 Apr 2004 01:59:50 +0000 Jerzy, Sorry if I misconstrued your intentions. I’ve been a swinging voter in the past and have no leanings one way or the other – except for now -as I stated Labour stinks – their mismangement of our money results in a sneaky tax being introduced.
I agree with Rugbyfan – new party called X – would get a lot of donkey votes anyway.

Jerzy, as I…[Read more]

]]> 5c70d13f6f30d280fee8f6c41a477c8b Samwise replied to the topic Bye Bye NSW Property Market (long) in the forum General Property https://www.propertyinvesting.com/topic/4372656-bye-bye-nsw-property-market-long/page/5/#post-4466181 Sun, 11 Apr 2004 02:48:42 +0000 [thumbsdownanim |How many votes do you think this would have cost Bob Carr ? All the voting public would have seen, was a bunch of property investors crying poor.|
Jerzy,
Don’t let your political persuasions get in the way of fairness. 40% of all NSW property buyers are investors – a significant amount I would say – compared with only 11% first…[Read more]

]]> 4b0af6783ab3dcd7d03cd2324705d838 Samwise replied to the topic VIRUS ALERT in the forum Heads Up! https://www.propertyinvesting.com/topic/4370817-virus-alert-2/#post-4451201 Wed, 28 Jan 2004 10:27:09 +0000 I’ve had two in the last two days and also receiving message re failed EMails from postmaster to Richmastery.com. (Which I never sent)
Someone is using my EMail address which they might have got from this forum.

Tegan

]]> cd158efa90225af41af1ec4a56839e41 Samwise replied to the topic What would you have done? in the forum No Subject https://www.propertyinvesting.com/topic/4370479-what-would-you-have-done/page/2/#post-4448242 Tue, 27 Jan 2004 14:11:41 +0000 Steve,
I would have given him the $5000 for sheer bare faced cheek. After all, we all know how hard real estate agents work for their (many thousands of) pittance(s).
He would have then been so grateful that he would have sold me many more bargains since.

Is this a serious question??
Why? It seems obvious what the answer would…[Read more]

]]> 0f6aaae881615758875ad4688e618c40 Samwise replied to the topic +propertys NSW in the forum General Property https://www.propertyinvesting.com/topic/4368250-propertys-nsw/#post-4430419 Fri, 16 Jan 2004 08:58:23 +0000 Thanks, Rugbyfan,
It depends what you think the formula should be – as long as it pays the mortgage and gives a small return on top (using opm )then can’t be too bad. I don’t think you’ll find 13% these days. But let me know if you do – and where – I’m into renovating properties and onselling.

Warm regards,
Tegan

]]> 0da92630b5cc4b5d3366a3fdccbcb3bb Samwise replied to the topic blocks of units in the forum General Property https://www.propertyinvesting.com/topic/4370301-blocks-of-units/#post-4446764 Fri, 16 Jan 2004 04:58:49 +0000 Him
Another site to look at is Domain.com.au.
I am selling two blocks of units in Regional NSW and have advertised them there.

Cheers,
Tegan
[:)][:)]

]]> 204e682c030ea8e0eb5cdc35a7ecf56b Samwise replied to the topic +propertys NSW in the forum General Property https://www.propertyinvesting.com/topic/4368250-propertys-nsw/#post-4430415 Thu, 15 Jan 2004 10:09:18 +0000 I know of two +pos cash flow properties in Regional NSW – both blocks of units. Please EMail me for more info which I’ll give you for free.
Tegan99@dodo.com.au

]]> 37f670663fa3480a0ec45553a33bdacd Samwise replied to the topic ITS GONE DOWNHILL! in the forum Opinionated! https://www.propertyinvesting.com/topic/4368954-its-gone-downhill/page/2/#post-4435821 Thu, 06 Nov 2003 13:26:53 +0000 Hi MJK,
I was only being sarcastic too (but a bit annoyed at your honest remarks)
Artie, thanks for your response to me-
I do agree with Felicity about the amount of posts lately – and having been busy for over a week out of town doing up my new investment – set of 8 units – I find it difficult keeping up with all the posts.
However, I do agree…[Read more]

]]> 61a7171c5bc237f790bca928b2150feb Samwise replied to the topic Buy Hold Never Sell in the forum No Subject https://www.propertyinvesting.com/topic/4369029-buy-hold-never-sell/page/2/#post-4436614 Wed, 29 Oct 2003 11:13:38 +0000 Hi all,
Just to put in my two cents worth – Steve seems to have used both strategies along the way – buy and sell and buy and hold. I guess it’s a choice each of us has to make at some time – if there is a possibility of selling for a good profit, then you can use that money as deposits to buy more properties, which again gives you more choices…[Read more]

]]> 0df1acdede1c4cfe68cf47353d4b4251 Samwise replied to the topic ITS GONE DOWNHILL! in the forum Opinionated! https://www.propertyinvesting.com/topic/4368954-its-gone-downhill/#post-4435802 Wed, 29 Oct 2003 08:43:43 +0000
Hi MJK,
Sorry to join your club and upset your ‘informative, intelligent’ discussions. Maybe you should have an ‘old members only who don’t want to help newbies under any circumstances’ club where you need a password and a ‘really stupid’ initiation ceremony to get in.
For extra ‘pizazz’ you may need to don costumes.

Yes I admit my posts (and…[Read more]

]]> d2181227cfb5c13a53b4ddd92748a2d1 Samwise replied to the topic volunteering - what can I do.... in the forum Forum Frolic https://www.propertyinvesting.com/topic/4368877-volunteering-what-can-i-do/#post-4434874 Mon, 20 Oct 2003 11:10:52 +0000 Hi Craig,
I work in a hospital and they are always looking for volunteers for all sorts of work.

Cheers,

Trish

]]> 8dedf82950b614940e739c32ef6f31ac Samwise replied to the topic Treasure Chest Disappearing? in the forum Opinionated! https://www.propertyinvesting.com/topic/4368679-treasure-chest-disappearing/#post-4433534 Sun, 12 Oct 2003 00:44:05 +0000 OOOPs – Thaks Jay and Mel

Looking greener by the minute

Trish[:I][:I][:I][:I][:I]

]]> 14e6fb5e955f41aad4cf6901754a572d Samwise replied to the topic 11 sec rule is OLD lowball rule in the forum No Subject https://www.propertyinvesting.com/topic/4368411-11-sec-rule-is-old-lowball-rule/#post-4431704 Sat, 04 Oct 2003 05:19:02 +0000 Hi,
We decided to move out of our comfort zone and bought our first IP in March this year and now three more – all positively geared 10 – 12% – in NSW.
This was before we read Steve’s book, so we didn’t know about the 11.sec rule, but must be on the same wavelength as we feel we’ve come a long way since March and now have more options for the…[Read more]

]]> c84cb8656f4ce46550a5dff5da02e80e Samwise replied to the topic finance in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368406-finance-4/#post-4431672 Sat, 04 Oct 2003 04:24:35 +0000 Thamks, Mel – We’re in Sydney and will look further through this web site.
Trish & Mike [:)]

]]> d0c6521203ae43a30d81cdfb89ada5bd Samwise replied to the topic finance in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368406-finance-4/#post-4431670 Fri, 03 Oct 2003 04:10:48 +0000 Hi
Husband and wife are new to this site – We need a good broker. We have one currently who insisted on using our Sydney house as security for the IPs. Our house is now mortgaged to the hilt but we want to buy more IPs (currently have 4). Hard to find finance of 80%for country properties.
Can anyone help?

Achievers [:)]

quote:
There are a few…

[Read more]

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