Since 2001 | Total Members: 161,633

yack

  • yack replied to the topic buying houses @ a discount in the forum General Property 21 years, 10 months ago

    No such thing – its just their marketing. Giving an impression they can get cheaper properties.

    Builders use agents or marketing companies to get them their best price on their properties.

  • yack replied to the topic “domino theory” in the forum No Subject 21 years, 10 months ago

    When is the Book and propertydominotheory.com
    coming into existence.

    I am keen on having a read…..

  • yack replied to the topic “domino theory” in the forum No Subject 21 years, 10 months ago

    <<<<<<<Domino theory ? Or should that be called the ‘Sheep follow the leader theory’ ?

    Buy a +ve cashflow property, write about it by saying what a wonderfull buy it was, others will follow suit and in the process drive up the prices as more and more start looking in that area.>>>>>>>>>>>>>

    Your not implying thats the premise of this web site…[Read more]

  • yack replied to the topic “domino theory” in the forum No Subject 21 years, 10 months ago

    So sis

    What do you want from us to tell us what you define as the domino theory?

    I did some searching on yahoo while listening to the footy last night.

    All i found was some political theory around vietnam about if one country becomes communist so too will the ones next to it etc.

    So as the others are not totally correct. does it have…[Read more]

  • yack replied to the topic Your average between drinks(ip’s)… in the forum General Property 21 years, 10 months ago

    Are we talking buy and hold or wrapping. I reckon there is a huge difference.

    I buy and hold when I can afford it. My last purchase was 2 yrs ago. I am not sure when the next will be.

    I am looking at upgrading my PPOR first.

  • yack replied to the topic Rent to brothers girlfriend!!!!!! in the forum General Property 21 years, 10 months ago

    The hearing before the Tribunal is set for 7 April 2004.

    I will keep you all posted on progress. My first venture to the tribunal.

  • yack replied to the topic Your Portfolio & Net Worth? in the forum No Subject 21 years, 10 months ago

    <<<<secret- build the portfolio and try not to spend too much money on holidays, cars, clothes, etc at the start. You get all that later.>>>>

    Great advice – maybe I should mention that to the wife and kids. Well i should not complain too much.

  • yack replied to the topic Who subscribes to API Magazine? in the forum General Property 21 years, 10 months ago

    I have actually emailed Lane Boy the editor a few times. I even suggested they have a forum like this. And now I open the mag and find there is a new editor – Sue Fitzgerald.

    Anyone heard of her before – anyone know what happened to Lane Boy??????

  • yack replied to the topic net worth growth in past 12 months in the forum No Subject 21 years, 10 months ago

    I agree totally with your comments about

    pleading that people maintain a healthy scepticism about anything they’re told or have heard (even with the media )

    Thats probably why I am a little wary of expensive seminars, rural properties and wrapping.

    For the record – go sainters……..

  • yack replied to the topic need some oppinions in the forum Help Needed! 21 years, 10 months ago

    There are some great books by Jan Somers on property investing. When I started 7-8 yrs ago she was the main person going around. Check her out on somersoft.com.au

    She was there before rich dad/poor dad etc.

    Her strategies work.

    There is also a magazine called Australian property investor. Another of my bibles.

    Good luck.

  • yack replied to the topic net worth growth in past 12 months in the forum General Property 21 years, 10 months ago

    Can a moderator say ‘thats crap’

    Anyway, i agree with Richmond. Go Pies!!!!!!!!

    I dont barrack for the pies but I have too many mates who go for Richmond……

  • yack replied to the topic Who subscribes to API Magazine? in the forum General Property 21 years, 10 months ago

    Ok. Who buys it regularly and who subscribes?

  • yack replied to the topic first IP using home equity in the forum General Property 21 years, 10 months ago

    I dont see a problem having the same finance company for both properties. Thats how I got started.

    I used the equity in my PPOR and used the title of my PPOR to get 100% finance for the investment property using interest only. That way all the money borrowed on the investment property is tax deductible and I could still pay of the PPOR as much…[Read more]

  • yack replied to the topic Who subscribes to API Magazine? in the forum General Property 21 years, 10 months ago

    They have a web site.

    http://www.apimagazine.com.au/

    I am surprised that no-one subscribes. Maybe there are more property investor newbies than I originally thought.

  • yack replied to the topic Fixed vs Var interest Rate- 1st IP – help plse! in the forum No Subject 21 years, 10 months ago

    Depends on your comfort level. When I started I fixed it for 5 yrs. Now most my loans are fixed.

    Probably paid more interest than I should have over that time but i hate all the talk about rates going up. By fixing I can sleep better at night.

  • yack replied to the topic Who subscribes to API Magazine? in the forum General Property 21 years, 10 months ago

    I have nothing to do with API Mag. But I reckon its almost the reason for my knowledge and success to date.

    I got my copy yesterday and I reckon its the best source of information around. I love property investing and its been my campanion for the journey since it started.

    Better than any guru can provide. I love the case studies. Real…[Read more]

  • yack replied to the topic Polishing Floorboards in the forum Help Needed! 21 years, 10 months ago

    I got my floors done professionally. For the price he chgarged there is no way I would do it myself. He did a great job and the was prepared to wait and pay more than market rent because the place had polished floorboards.

    The brother of a friend of mine did it himself and left the windows open while he applied the polish. It ended up like…[Read more]

  • yack replied to the topic Damage to IP prior to settlement in the forum Help Needed! 21 years, 10 months ago

    I always take insurance out once I signed the contract ie. offer accepted.

    If its only minor damage – just fix it yourself or get it fixed and pay for it.

    Dont sweat the SMALL stuff. You wont last long in this game if you stress over small stuff and dont see the bigger picture.

  • yack replied to the topic HELP. We need to sell quickly and need advice in the forum General Property 21 years, 10 months ago

    Why dont you just refinance? Go to another bank. Or see a mortgage broker?

    Is it Hampton or East Hampton?

  • yack replied to the topic HELP. We need to sell quickly and need advice in the forum General Property 21 years, 10 months ago

    Rugby – you beat me by 1 min. The property may be yours.

    At $200k its a bargain. The naturestrips are worth more in Hampton.

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