Total Members: 158,198

slatzagain

  • slatzagain replied to the topic Low income – is there hope for us? in the forum The Treasure Chest 20 years, 6 months ago

    Alan,

    I’m no expert, but I would think the best answer as to when to buy, is “when you’re ready” – i.e. you’ve done your research, found a good deal at a price you can afford, you’re happy with the purchase and feel comfortable making the commitment.

    That was part of my point about not feeling pressured to buy. There are plenty of experts making…[Read more]

  • slatzagain replied to the topic Low income – is there hope for us? in the forum The Treasure Chest 20 years, 6 months ago

    Allan,

    You are getting some fantasic advice and help here!

    Don’t give up! I was in a similar situation to you. Ill while my wife worked, trying to stay afloat and trying to buy a first house with minimal deposit (with quite rich relatives standing well back!).

    We did it. So no doubt you can too. I spent the last year working (when I could) on…[Read more]

  • slatzagain replied to the topic Cashflow 101 game in the forum Opinionated! 20 years, 6 months ago

    I have one you can buy. I’ve only played it a few times, it’s as new. I also have the 202 additional game that plays on the same board.

    If interested contact me at darren @ graphic-designer.com if interested. It depends where you are though – they’r equite heavy so expect postage may be a bit extreme.

    cheers,
    Darren.

  • slatzagain replied to the topic buy, renovate and sell in the forum The Treasure Chest 20 years, 6 months ago

    Check out the Renovation Kings for some reno advice. Like anything, if done right it can be great. Not sure about taking it on at this stage in the property cycle though.

  • slatzagain replied to the topic 20% deposit? in the forum The Treasure Chest 20 years, 6 months ago

    They’re amazing figures Lance. I justchecked out your website. Looks like you’ve got a very professional set up going.

    cheers,
    Darren.

  • slatzagain replied to the topic “Bird-Dog” deal in Queensland in the forum The Treasure Chest 20 years, 6 months ago

    I think you’re right luckyone:

    Purchase Price $250000

    Divided by 1000= $250

    Multiply x 2 = $500 required weekly rent.

    6 units = avgerage rent of $83.00.

    Nevertheless, the return may not be quite 10.4%, but it’s definitely CF+.

  • slatzagain replied to the topic It’s all just a big game! in the forum The Treasure Chest 20 years, 6 months ago

    Just as a sidenote; Kazaa software is often loaded with little nasties that the end user is not aware of – such as various forms of spyware. Make sure you run anti spy software regularly if using Kazaa.

  • slatzagain replied to the topic Genius or Dreamer? Your thoughts….. in the forum The Treasure Chest 20 years, 6 months ago

    Sheryl,

    I’ve often wondered about JV arrangements. Surely once you explain what you want to do to a pontential investor/partner, a wrap, subdivision etc – then they don’t need you any more? If they have the means, you’ve just supplied them with a great idea and put yourself out of the loop.

    Or are we relying on integrity? Just wondering, as…[Read more]

  • slatzagain replied to the topic Property market mania – ABC transcript. in the forum No Subject 20 years, 6 months ago

    Great article.

  • slatzagain replied to the topic Prices in Ipswich over-inflated in the forum No Subject 20 years, 6 months ago

    Good questions. I remember the tail end of the Gold Coast property boom in the 80’s. At that time, many people were playing pass the contract. All were happy except the last person left holding it when the market changed.

    I hope others may have some more info on possible downsides, but I think it’s clear we’re nearer to the end of the property…[Read more]

  • slatzagain replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 20 years, 6 months ago

    The thing is though the market moves in spurts.

    A friend bought a property at Runaway Bay around 1992. It did almost nothing for a decade. Now it’s gone up just over 100% in 12 – 18 months. He told me it was still only 8% p.a. over the time he’s had it. It happens to be a hotspot at the moment.

    We bought in Brisbane 12 months ago. Our property…[Read more]

  • slatzagain replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 20 years, 6 months ago

    Good point Battz. I guess it may depend on actual localties as to who is pushing prices up, but I certainly agree at pointing the bone at the negative gearers ;).

  • slatzagain replied to the topic All you city investors are pushing prices up!!! in the forum The Treasure Chest 20 years, 6 months ago

    I read this thread with great interest and I can see both sides.

    Six months ago I was looking at possible IP’s close to home, that I could almost afford. Looking back, and adding what I have learnt recently, I probably could have bought one after all.

    Now they really have skyrocketed out of range, so my first IP is going to be somewhere else and…[Read more]

  • slatzagain replied to the topic Sale costs in the forum The Treasure Chest 20 years, 6 months ago

    Thx Westan. I didn’t think so but your first post suddenly made me doubt myself. :)

  • slatzagain replied to the topic Sale costs in the forum The Treasure Chest 20 years, 6 months ago

    quote:

    if you have owned the property of more than 12 months then you only pay capital gains tax on 50% of the profit.
    regards westan

    What about PPOR? Do you pay CGT on your home if you have owned it more than 12 months?

  • slatzagain replied to the topic The fundamentals behind QLD property growth in the forum The Treasure Chest 20 years, 6 months ago

    Regarding infrastructure.

    A recent report predicted that Brisbane will have the worst traffic problem of any Australian city within 10 years.

    Most people moving to Qld list lifestyle as the number one reason. But that lifestyle is chnaging because of the phenomenal growth in the small pocket of S.E.Q.

    Yet it is investment that is currently…[Read more]

  • slatzagain replied to the topic The fundamentals behind QLD property growth in the forum The Treasure Chest 20 years, 6 months ago

    Lots of good points there, some of which I have posted in various threads myself. Als being a Qld’er I can tell you that the very reasons people are moving here will soon be eroded by the number of people moving here.

    The current price rises are being driven by investors from down south who want to buy property and can’t afford it southern states…[Read more]

  • slatzagain replied to the topic Rents in the forum The Treasure Chest 20 years, 6 months ago

    If the house is not currently tenanted it’s a case of “best guess”. Check rental lists or ring agents for similar houses in the same area that are currently being rented. This will provide you with a good guide, and the final price as always is determined by the market at the time, and the specifics of the particular property.

  • slatzagain replied to the topic FREE Bonus Chapter in the forum Heads Up! 20 years, 6 months ago

    Great chapter, thanks Steve. [:)]

  • slatzagain replied to the topic PM & my IP in the forum The Treasure Chest 20 years, 6 months ago

    Great that it worked out for you Huey. It still may be worth your while to seek another agent. Even though yours finally came through, you need someone responsive managing your property, and definitely someone who will take your calls when you need to speak with them! If he hasn’t time to answert he phone, he hasn’t the time to effectively manage…[Read more]

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