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Hi all. We've been trying to buy an IP for a while now, but it seems that every time we find the "perfect" IP and place an offer, the agents bounce our offer off several other interested parties (then bounce their higher offers off us), resulting in a mini-auction and us missing out on the...

Hi Guys! Just wondering what you can tell me about industrial property off the top of your heads. I came across a couple of warehouses for sale with current tennants on long leases, and it seems that the returns (at face value, at least) are better than most residential returns that I've...

Thanks for the good advice guys! The valuer is coming inside. We've dusted/vacuumed/cleaned and the place is *shining* :D I've heard of tactics like hiring topiary, modern furniture etc to get the place looking fabulous. Do you think this is going over the top? Would a valuer take no...

Hi all. I've got the valuer for the bank coming round this week to make sure we've got enough equity in the PPOR for the next purchase. Just wondering, are there any tips and tricks that other investors use to make sure the valuer gives them top dollar for their valuation? Thanking you...

Any tips and tricks for removing wallpaper from plaster walls? edit Oops... Just found Elwyn.D's post from a couple of days ago. Disregard this post unless you have some additional input for me... Ta. CAD Guy.

and in the meantime, what happens to your increased equity as time goes on? You buy a house for $500K and the bank has a $250K share. X years on the house is worth $1m. Who owns the $500k increase?

Hey, it obviously works! How many other "For Sale"s do we get posted here!? *grin*

Is there a "magic number" where yeilds are concerned for a property to become positively geared? Or is this being a little too hopeful? Can someone give me an example of how this does/doesn't work? Ta.

Jenman's Ethics I haven't been through the above properly yet, but from a glance it looks to be the same content that was covered last night. Regards, CAD Guy

Hi all. I know, I know. The topic of Neil Jenman has been done to death. But I can't resist. I went to his "Don't Buy Anything" seminar in Ballarat last night to hear what he had to say. I was very sceptical going in, and my viewpoint hasn't changed much since. It was well worth...

Well done Kristine!!! And well done to your daughter as well! Most 18yo's I know would rather be spending their money on drink or cars... What a great start to adulthood. We'll keep our eyes peeled for this future tycoon!

Hi all. Thanks for the responses - it's very interesting to see what kind of a background other investors are coming from. The point I was trying to make with my last post was that a tertiary education is not important to investing. It is (in my opinion) often those who have had to start...

How many of you have a formal education? And (if it's not prying too much...) what is it? Do you think it was worth the time to achieve? Personally, I have a tertiary degree in Design, and while I feel that I've learnt a lot from my study, I feel that my most important learning (both...

What a great list, guys! I've read a lot of these, and added several more to my to-do list... Personally, I think Michael E Gerber's E-Myth is up towards the top of the list. So too is Steven Covey's 7 Habits... Both of these books have totally changed the way I view life, and have...

What about the people from abroard legitimately working here and using this structure? How could the ATO know the difference between them and someone else using this set-up? All the same, I'm with those who have suggested there are plenty of ATO-accepted methods for reducing tax... Points...

Hi Noel, I may as well chip in with my 2 cents as well (everyone else has ;) ) And my 2 cents says to save your 2 cents! There's an old saying that if you look after your cents your dollars will look after themselves. And believe me, it works! When you're next buying groceries, buy...

Hi MLC. I think a lot depends on what you do, and to what property. 10K spent on a 150K property that is worst house in a good street will increase its value far more than 10k that is spent on a 150k house that is the best house in a bad street. Because of this, I think a ratio that could...

Thanks James. I may have meant flips, not wraps. Would that make more sense, or am I still playing in a different ballpark??

Forgive my ignorance, but... Is a buyers agent, in a crude way, very similar to someone doing a wrap? Or have I got the wrong idea about wraps? Could someone please put this in layman's terms for me? What is a wrap exactly, and how does it work?:confused:

Thanks Glenn. I guess I started the thread because I'm currently looking at our PPOR (soon to be rental) and seeing a lot of things that I'd love to do to it while it's still in our hands and easily accessable. We've done a lot of the "ordinary" stuff - slapped on some paint, pulled out the...