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  1. K

    Munch and Bolt and Guzzle

    Yep, Norman Lindsay had it right: Eat away, chew away, munch and bolt and guzzle Never leave the table till you're full up to the muzzle! What's that you say? He was talking about the Magic Pudding, not the termites in my walls? Well, how can I have termites in my concrete slab...
  2. K

    Are You Sure You Really Want To Do This?

    I had forgotten about John Reed for a few years until this afternoon I sent the link to a budding and determined property investor and thought I'd go and review the website again myself His Suggested sequence for starting a real estate investment program...
  3. K

    Landlord Insurance - Don't Forget What Isn't Covered!!

    Yeah, so over this weekend the Property Manager has organised for a walk-in container sized skip plus a carry and cleaning crew of six blokes to empty out one of our houses, strip it back and scrub it clean That is so that the plasterer, painter and electrician can get in next week to do the...
  4. K

    Commercial Landlords' Insurance

    Commercial Landlords’ Insurance My Insurance Broker has just alerted me to this new product development now on the market: CGU ‘Padlock’ Commercial Landlords’ Insurance will now include Rent Default by a Tenant - CGU has improved the Table of Benefits and amended the exclusions to now...
  5. K

    How Much Is That Doggie In The Window?

    G'Day Well, what can I say? Thank you God for finally sending a tenant our way! Yes, finally, having been empty since January, 2011 and despite numerous tyre kickers – some of whom took up months of time – we have a real, live, tenant for our shop and they have moved in today! As...
  6. K

    Victorian State Land Tax 2012-2013

    With a sinking heart I opened the State Revenue Office letters, hoping that my reaction would not be the same as last year's http://www.somersoft.com/forums/showthread.php?t=69641 To my relief the Tax is about $1,300 less than last year's colossal bill. I haven't gone through the...
  7. K

    Happy Christmas 2011!

    Happy Christmas for 2011! I am off to get cold (London expects a top of about 10 degrees today but there may be some sunny breaks despite the cold, gusty winds) It is No: 1 Son's 30th Birthday on 25th December (yes, Christmas Day!) so Mike and I are off to give him a hug and a kiss for his...
  8. K

    Financially Fragile: Could you come up with $2,000 cash in 30 days?

    Financially fragile: Could you come up with $2,000 cash within 30 days and if so how would you do it? These articles drawn from the recent USA National Bureau of Economic Research: Financially Fragile Households are very disturbing but how many Australian households would fare any better...
  9. K

    1 In 5 Australians: What Super is left by the age of 70?

    1 in 5 Australians at age 70 G’Day Have you noticed the new Westpac advertisements/ That by the age of 70, only 1 in 5 Australians will have any superannuation left? http://www.theaustralian.com.au/media/westpac-campaign-targets-women/story-e6frg996-1226163181944 The Westpac...
  10. K

    Steel or Timber Frame?

    G'Day The Builder we are currently talking to offers Steel Frame or Timber Frame at the same price I notice that pa1nter has built a steel framed house http://www.somersoft.com/forums/gallery/showphoto.php?photo=4052 As we are building in sand, I would not expect termites to be a major...
  11. K

    Do Not Overlook The Day Of Small Miracles

    This could be in Commercial but I have chosen to post it here: Do Not Overlook The Day Of Small Miracles Property investors often wonder whether they can ‘afford’ to invest In November, 2003 I bought a lock up shop for $105,000 in a strip of nine shops, which were all somewhat faded and...
  12. K

    In Praise of HomeSide

    G'Day Well, we all love a good whinge, and it is easy to overlook how complex this borrowing caper can be, how many stages an application must go through, how many days can be lost along the way for even a straightforward application and how many opportunities there are for things to go...
  13. K

    In It's Simplest Form ...

    OK, so today Mike and I went to a couple of Display Homes and two ‘Open for Inspections’. Being a lovely Melbourne day, we allowed ourselves plenty of time, and after seeing the totally gorgeous display homes had time for a McCafe and cake ($14) before the Opens. On the way home, having...
  14. K

    OMG! Victorian State Land Tax 2011-2012

    Oh, My God! What have I done to offend You! Australia Post delivered the Victorian State Land Tax Assessment for 2011-2012 today. Please excuse me for a while. I will need to have a Bex, a cup of tea and a good lie down. OMG! Truly, I am left gasping. (groan) Kristine
  15. K

    So, Have You Donated Yet?

    G'Day I am ashamed to say that it took me until today to put my hand in my pocket to assist my fellow Australians. When the Indonesian Tsunami hit on Boxing Day, 2004, I was so shocked that I went straight to the computer and donated to the first available relief fund When the Victorian...
  16. K

    Approval Turn Around Times

    G'Day Today I experienced something remarkable. Lodged an application at 3.30am and by 2.50pm had an Approval from the lender. Would have had an Unconditional Approval if we had provided the signed & exchanged Contract of Sale (applicant hadn't received the vendor signed copy as yet)...
  17. K

    It's 1st January and Did You Do Enough in 2010??

    G'day Happy New Year I have been gently reminded that I have missed a beat and not posted my bi-annual update http://www.somersoft.com/forums/showthread.php?t=48330&highlight=year So put on the kettle, break open the Tim Tams, and here I am with the Late News for 2010: Well, I...
  18. K

    Watch Construction in Progress

    G'Day Just thought I'd share this link www.nearmap.com Really good quality aerial photos, but more importantly, all the photos from numerous fly-overs - you can click along the 'time bar' and watch the site as changes occur between photos! I enjoyed watching No: 2 Son's apartment...
  19. K

    Well we asked for it! Corten Steel & Cement Sheet!!

    Yep, well, that's what you get when you tell the Architect 'OK, we've figured out where to put the vanity basins, we'll leave the rest up to you!' So he has decided to wrap the obvious bits of the building in Corten Steel and leave the rest as unpainted cement sheet. He says the rusted...
  20. K

    Internal Rate of Return 621%

    G’Day After a very interesting meeting with a Customer the other day I thought I’d put up a post about Internal Rate of Return I can’t present this in tables and other stylised formats so bear with me while I write this in text format. There have been a few recent posts regarding...
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