I think I know who it is?????????

Oh – thanks for the Easter Eggs. Did you know my youngest son is now starting School. I will be a little late paying my rent this month – I hope you dont mind. I am sure he will love the eggs. Thanks again.

I dont want this to happen to me.

Tasman said –
<<<<By being slightly less picky I am now finding great deals with +CF >>>>

I am a long term property investor – I am not going to be less picky. If something is showing a good return in this market – there must be some risk associated with it. Be it location, type of property or tenants etc.

I am sitting patiently for future ve+…[Read more]

Oligopoly – from dictionary.com

A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.

Sheeee I thought I was back in the dark lecture theatre at an economics lecture. Good to see loans like that – I think the US has something like that.

I…[Read more]

DAAJ

I have a property that has increased by at least $40k in two years. Thats my kids education paid for. They are only 3 and 4 and once I need the money who knows how much more the property has increased. Not sure how many crownies that is, but surely its more than one per week for a period of two years.

Interesting post Gately. Good to hear from someone who has been around awhile and accumulated a large amount of postiviely geared properties.

I have reservations about wraps for the two reasons you have mentioned. I am more buy and hold in surburbs of a major city.

1. In my opinion you are probably dealing with a lower socio economic profile…[Read more]

As your property is in Richmond, it sounds like a great idea and worth investigating. Go speak to the local council. I have no experience in this.

I have decided to buy myself an easter egg for each property I have.

Of course its a major problem. If you were in the market to buy a house would you like to wait for days to look at a property.

Why cant the agent show people threw?

Maybe Jenman may attend his first meeting?

I just read your newsletter on the 3 P’s Plan, Purpose and Passion.

Plan – My plan has always been to buy quality properties that unfortunately are ve-. Now having seen this site, i believe there is a place for ve+. However my plan is to re-assess ve+ when the market goes through its correction. I am happy with my portfolio but now I am more…[Read more]

I assume the best way to break a partnership is to discuss it with your partner.

Decide the value of joint assets and distribute/sell accordingly.

If you had a partnership agreement, then see a solicitor to see how to cancel.

If you sell your portion of a property then you may incur some form of tax eg CGT.

Did you guys discuss what to do if…[Read more]

Let me give you the benefits of some of my hindsight.

1997 Unit was $90k. In 2004 its now worth $250k ie Net = $140k

1997 House in a few surburbs further south from the unit.
Was $130k. In 2004 its $350k ie. Net = $220k.

If I had bought a house in 1997 instead of unit I would now be $80k better off.

Why I did not at the time;
1. There was a…[Read more]

In my view – There is no such thing as cant sell.

If there are no buyers then you are asking a price that buyers are not prepared to buy at.

There is an article from jenman that talks about vendors wanting too much. Do you really reckon you will get more in 6-12 months.

I dont know about that.

There are a few things you need to consider.
1.…[Read more]

SIS – I am self taught as well. I grew up in a family in the building industry and studied to be an accountant.

To complement this I read a few books, a few free seminars, a few web sites and did the rest myself.

Sure we all make mistakes but $8k is alot of money in anyones language. That was my deposit for my PPOR.

In the seven yrs I have been investing and with multiple properties, I have NEVER given tenants a Gift.

I dont see why. To me its a business relationship and my properties are managed by a property manager.

My properties are $5-10 per week below market rent and in good condition. I always respond to repairs etc.

In my view there is no need.…[Read more]

Good Point. I do applaud those out there trying to educate others. I just done know how much its worth $8,000 or $20,000 or $2,000.

I come from an accounting background where we charge so much per hour for personal attention or work done. Not a fixed amount for a seminar and having heaps in the same room.

If I was to pay $8,000 i would expect…[Read more]

Thats why guys like steve mcknight and others are now making a living out of seminars etc. Not as much money in RE now. More cash to be made from people who have seen others do it and want to learn how and would rather spend $000’s than doing a bit of reading etc themselves.

How about the Big Ben/Yack Property investment course. A 5 study…[Read more]

Derek said

<<<<<<I can assure people we (teaching fraternity collectively) can often pinpoint the ‘problem child’ at 4 year old kindy with a high probability of success. >>>>>>

I have a 3 and a 4 year old at kinder. What should I be looking for?????

All I am really saying is that its expensive to advertise overseas.

If the locals buy your product, then you dont need to go to the expense of marketing overseas.

Its like my trip to the Gold Coast last year. All the marketing companies are trying to sell to interstaters or overseas people.

When I told them I would rather buy a similar…[Read more]