PropertyInvesting.com | Tom Siegel | Activity https://www.propertyinvesting.com/members/tom-siegel/activity/ Activity feed for Tom Siegel. Mon, 13 Apr 2026 08:25:06 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 800341741e48db690abb5119ec3ff7c8 Tom Siegel replied to the topic realestate or broker course in the forum Sure. But I think it takes a https://www.propertyinvesting.com/topic/4398999-realestate-or-broker-course/#post-4618556 Sun, 07 Mar 2010 02:04:21 +0000 Sure. But I think it takes a lot longer to learn by reading then it does by doing. The most important thing that I have learned about investing through my work is what not to do. I learned this mostly by having to make sense of a huge mess of a deal that someone had put together. (I don't mean to plug my own thing, so forgive me, but I am putting…[Read more]

]]> 3256d03389abb4f0f5435f760cbf5e7f Tom Siegel replied to the topic Great Investment Property - Would you buy it? in the forum Sounds like you know what to https://www.propertyinvesting.com/topic/4399016-great-investment-property-would-you-buy-it/#post-4618662 Sat, 06 Mar 2010 18:07:03 +0000 Sounds like you know what to do and are not going to do it if the numbers don't work. I see a lot of lackadaisical diligence from developers in what I do. Let's put it this way… I have never met a developer that was not extremely optimistic. Cheers,Tom SiegelCommercial Appraiser

]]> 5ae82e40270474fee04e5d9d41a374cd Tom Siegel replied to the topic Great Investment Property - Would you buy it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399016-great-investment-property-would-you-buy-it/#post-4618660 Sat, 06 Mar 2010 12:26:22 +0000 Quote:
And you are exactly right, either build –  total cost approx 560K rental $800 week 6.80% lets say interest only loan works out to weekly repayments of $732 so it would be cash flow positive by $70 a week without taking into consideration rates. Hold on to them and sell them down the track as there is going to be a housing shortage for…[Read more]

]]> 9eb86f656eafccb45af3786fe90086aa Tom Siegel replied to the topic Land or location in the forum General Property https://www.propertyinvesting.com/topic/4398994-land-or-location/#post-4618498 Fri, 05 Mar 2010 20:33:47 +0000 So the net rent is the same? Are you adjusting for market vacancy in the two different areas? Properrty near the water generally has more potential to hold its value in a bubble burst or even continue to appreciate.I don't know the market so I can't say for certain – just generally speaking. Food for thought. I hope it helps.Tom SiegelCommercial A…

]]> 37c9c9ea863809fc75b6aab04361e3ef Tom Siegel replied to the topic realestate or broker course in the forum Terryw wrote:I would be https://www.propertyinvesting.com/topic/4398999-realestate-or-broker-course/#post-4618554 Fri, 05 Mar 2010 20:24:28 +0000 Terryw wrote:
I would be inclined to say do neither, unless you want to work in the industries.You would be better off just buying some books/internet and reading in the areas of interest.

Agreed.I took a real estate appraisal class to find out more about investing in real estate. I guess it worked I know a lot more about investing in real…[Read more]

]]> 3c425399a2f18a0ecbb86ea13845a4b3 Tom Siegel replied to the topic Sub-Dividing in WA in the forum Value Adding https://www.propertyinvesting.com/topic/4398747-sub-dividing-in-wa/#post-4616943 Fri, 05 Mar 2010 20:14:46 +0000 I appreciate this discussion. Thanks for the posts guys. I see too many investors getting into situations such as a possible subdividision that they assume is going to be easy and profitable. However, often times something doesn't work out the way they expected it too (a lot of times I'm the thing that didn't work out. Ooops! I just call it how I…[Read more]

]]> dcd6d4e883ba7397f36cc8f15329da0c Tom Siegel replied to the topic What Salary do you need in the forum Help Needed! https://www.propertyinvesting.com/topic/4398885-what-salary-do-you-need/#post-4617755 Wed, 03 Mar 2010 17:38:08 +0000 You definately have to keep your head on straight. I see a lot of developers just going for it. There is a difference between a positive mental attitude and ignoring reality. However, those lines seem to get skewed at times. I watched developer after developer get into waterfront condo developments at the END of the boom in my state. All of the…[Read more]

]]> a296f0106bce4a5d7a81285a5ab39650 Tom Siegel replied to the topic Help needed for newbie. Possible flip in the forum Creative Investing https://www.propertyinvesting.com/topic/4398895-help-needed-for-newbie-possible-flip/#post-4617796 Wed, 03 Mar 2010 17:15:52 +0000 I see most developers requiring a 15% to 25% premium on the back end to do something like this and that is how I would appraise it too. Assuming your figures are accurate (and as an appraiser I never really do that), you are looking at a $65,000 profit. That barely qualifies at 16%. Your figures have to be spot on (i.e. I would like to see buyers…[Read more]

]]> f5461ff55c755a3525a139f404f85ec4 Tom Siegel replied to the topic Property Analysis Software in the forum I just found a good one https://www.propertyinvesting.com/topic/4398970-property-analysis-software-4/#post-4618277 Wed, 03 Mar 2010 16:59:32 +0000 I just found a good one here:http://www.realestatevaluationsecrets.comsign up and you can get the software under tools.

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