Recent content by rohan22no

Hey guys. Bit of an update. Sold my place for 164k. It's number 4 Margaret ave for whoevers interested. Looking forward to putting the 60k or so into my other 2 mortgages!

Thanks for the logical thought, Akira. Its like a breath of fresh air. I love how if you have a granny flat, or rent a house out by the room everyone immediately jumps to the conclusion you're doing it illegally, and apparently the house is imminently going to burn down and the landlord will...

Na... na

Ring the fire brigade

Hey Shawn, House definitely isnt paid off - I still owe about 100k. Its paying for itself but meh, so are my 2 other places. I'm quite bearish about the economy and the housing market in general, and I think this is a good time to let my 2 regional properties go to reduce some debt on my local...

A ridiculous assumption there from him. "As the US economy recovers". The US "recovery" is a farce, a false economy that is only propped up by the Fed's stimulus programs which has temporarily papered over the cracks. The US is headed for another crash that will be more severe than the GFC.

I have 2 houses which I rent by the room which also have granny flats. About 10-12 individual tenants at any time. Sure, issues come up, but 99% are instantly and easily solvable. Its obviously NOT for the passive investor. You have to keep on top of things. For me, its worth it, and the extra...

Yeah, will be interesting. The place has basically paid for itself since I've owned it, so its not the worst - I haven't lost any money, but I haven't made any either :P Whatever..

Pulling the Pin on my place in Mt Austin. Just too much work to maintain the thing, and I cant be bothered (basically). Bought for 145k in 2007, putting it on the market shortly and will probably sell for 155-160k. Sigh!

Yeah K, stuck in the Australian .25 mindset i guess :) Anyway - I think that highlights the fragility of it all. Even rumors of a .1bp increase scares the market. I'm no economist, but that just doesn't sit right with me..Is there really that much difference between 0% and 0.1%?

From the reading I've been doing - Interest rates aren't going anywhere in the USA. They are still teetering on the brink of financial ruin, and the only thing that has stopped it (for now) is artificial stimulation by the Federal Reserve, and 0% interest rates for seven years! QE4 is more...

Good friend of mine who is professional, reliable and always keen for work. Electrician - Simon - 0431 853 654

Love these threads that skip ahead 5 years in a single post like nothing has happened :) Sash, can you please give us the story of the property since you've owned it? I take it you havent developed yet? Has the rent amount moved/improved? Have you done anything to add value and whats the plan...

Hey Guys, thanks for all the helpful replies. Beachgurl - I'm not sure if renovating is worth it? I kinda thought it was a given that you should paint inside and clean up the gardens (basically do cosmetic stuff) before selling (and you'll make double your money back or whatever), but maybe...

My place in Mt Austin. Bought for 145k in 2007. Worth probably 160k now (pfft). Renting for $220/wk. Tenant is ok-ish. Thinking about Reno/selling (100k left on mortgage) and pocketing the 50 or so K and using that for another deposit here in Canberra. Should I do it? Or should I reno and...