Total Members: 152,381

Steven

  • In this case, then we are talking about the same thing.

    In my example:

     

    Instead of buying at standard $250K market value, investors buy at $150K, spend $20-30K adding value and result in property achieving $250K value even though they only spent $180K on that. And as far as from practical application’s point of view, investors considers t…[Read more]

  • I think the issue with this thread is it is getting hung up on trying to debate the “definition” of something that is defined loosely when in reality, at the end of the day, what investors really care about is the practical strategies and the outcome it drives.

    Instead of buying at standard $250K market value, investors buy at $150K, spend…[Read more]

  • I don’t exactly like the idea of “crystal ball gazing” the market, because expert economists get them wrong all the time, so what makes us think non-expert economists can get them right?

    In the Eastern Asian philosophy, they say “you can control the Earth, but you can’t control the Heaven”.

    Market is like “Heaven” to my opinion and I have no…[Read more]

  • OK. Interesting story you have with your Moe property. Was it a property located on King St by any chance?

    One of the things that always tends to get me is most people (agents, tenants, property managers) tend to think “a better kitchen / bathroom” adds more value than “better carpet / wall paint”.

    It seems there is a general perception that “a…[Read more]

  • When you say Latrobe Valley, do you mean area like Traralgon?

    I haven’t seen anything popping up that is below 200K in Traralgon recently. In fact, it appears the cheapest properties that show up now days in that area are now at least 250K or more.

    I bought a house in Traralgon for low 200K sometime last year, and recently I see a well renovated…[Read more]

  • When you say Latrobe Valley, do you mean area like Traralgon?

    I haven’t seen anything popping up that is below 200K in Traralgon recently. In fact, it appears the cheapest properties that show up now days in that area are now at least 250K or more.

    I bought a house in Traralgon for low 200K sometime last year, and recently I see a well renovated…[Read more]

  • I was looking in Horsham.

    It appears there were a few sold in North Eastern direction of Horsham and they were sold for low 200K or below 200K. But then there are also a few sold for over 300K in that general direction as well. (A few sold at Dooen Road for well over 300K).

    Speaking with agent, I was told the places near Mary St / Winifred St,…[Read more]

  • Hi all

    Today I hear the term ex comissioned home for the first time.

    Is someone able to explain what it means? (tried to google, there are lots of “opinions” about if they are good/bad, but haven’t been able to find a proper definition).

    Also, why are they good / bad?

     

    Steven

  • Hi all

    I haven’t posted at propertyinvesting.com for a long time. Not sure if this is the best place or if this should be a question posted under “Legal and accounting”.

    I don’t need very specific answers as I understand it is probably a discussion best to be had with Accountants in greater. However, I am interested in finding out if anybody…[Read more]

  • This is a way old thread, and I am kind of surprised that it got dug up….but the short answer is no, I didn’t go ahead with this training..

    But I went ahead with a different training (which is the reason why I am now in both Australian and New Zealand markets).

    By the way, you said “it’s sad how many great presenters/sales agents are out t…[Read more]

  • Hi all

    For those investors who are experienced. Can you please advise what is the best approach to get agents to talk to you when you research and look into an area that you never looked into before?

    My personal experience is that the agents in NZ are significantly easier for me to have a dialogue with than the local agents where I am based…[Read more]

  • Hi all

    Question for those who are active in Victorian market. I haven’t been looking for a while so I am kind of out of sync with the market at the moment.

    Anybody able to advise which areas are best suited to buy run down properties to renovate and then rent after renovation?

    I am flexible with price bracket though trying to keep it within…[Read more]

  • You can’t predict or time the market, so don’t even try it.

    Make offers based on numbers that:

    a) makes sense

    b) provide you with buffer

    c) allow you to add value so you create equity rather than “waiting for equity to build up over time”.

    Study the area well and make sure the place where you invest and how you invest fits your strategy.

  • I second this.

    My first IP was bought when I had very little knowledge of how to invest, and it is negatively geared. It is still negatively geared even today.

    My IP in NZ was like this:

    Standard price on market: 220-240K, with rental income in early 300 per week.

    I bought one at 150K (then rented at 240 per week). Renovated for about 33K,…[Read more]

  • My first IP is in Melbourne.

    I went elsewhere for the same reason as you are thinking. Low return of investment, high price, having to pay stamp duty, etc…

  • I have rental property in New Zealand. Bought at sub-bar condition, worked with local NZ builders to do renovation and having a local property manager looking after tenants.

    Build your relationships with local resources. It is difficult initially but it is good once you have contacts and relations.

  • I think the problem now is nobody in the government wants to risk running into the scenario where death rates going high. So better to be blamed for slowing down economy rather than to be blamed for high level of death.

    I come from a Chinese background and there is a proverb in my language that says “好死不如烂活”… which means something like “bette…[Read more]

  • I think the problem now is nobody in the government wants to risk running into the scenario where death rates going high. So better to be blamed for slowing down economy rather than to be blamed for high level of death.

    I come from a Chinese background and there is a proverb in my language that says “好死不如烂活”… which means something like “bette…[Read more]

  • Steven replied to the topic Avoid CGT? in the forum Help Needed! 11 months, 1 week ago

    I think moderate may want to consider deleting this thread.

  • Steven replied to the topic Avoid CGT? in the forum Help Needed! 11 months, 1 week ago

    I have also seen many people simply not advertise their house for rental and instead rely on world of mouth for referral, and they are rented to overseas students who simply make payments to landlords without doing the bond register or what not.

    I have in the past seen friend’s friend doing it, they post some kind of “bulletin” near train…[Read more]

  • Load More

Steven

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