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No Monopoly, I don't know where it originally came from but amongst my family, when I still lived at home, my dad used to say this on occasions. Not sure if it is an existing quotation- I thought it was?

If the law is against you discuss the facts. If the facts are against you discuss the law. If everything is against you scold the prosecutors.

Well wouldn't there be Minimum Standard Rules for the Treatment of Prisoners in any country? I don't think it would be (or should be) standard to serve prisoners The 'mudcakes' and 'rocky roads' kind of foods Marina was mentioning. :eek: I'd prefer/expect prisoners to be treated humanely...

My property management's (NSW) policy on water rates for houses with yards/gardens is that they suggest that the landlord pays for half of the water rates for the fact that most tenants do not want to pay for the water to maintain the yards and gardens since the yards do not belong to them. My...

Well I also think that many consumers just do not bother what they consume because it is so time consuming and can be confusing to educate yourself on food. For example, most people know that having breakfast every day is better for you than it is to regularly skip breakfast. So, being aware...

Hi, nobody probably remembers me, I haven't been on the forum for a while. Yes I also am using these findmeahome predictions regularly, but I just wonder how they work this out. If they just use the growth rate from say the past year, of average of past 5 years, to predict the next 5 years...

I am just wondering what will happen in a case like this- that people are offering above market value (let alone bankvalue). Won't the banks refuse lending the money when the property you want to buy is more than they value this property at? What do you do if you've placed a high offer and...

I think Neil Jenman is totally against this pricing system, too. I've only skimmed through his book RE Mistakes (not gotten around to properly reading it yet) but I got the message that he finds it a misleading system. Especially since it is almost always combined with having Open Houses to...

So none of you seem to think much of this system for getting the best rent. I was wondering myself how this is going to work, this system was new to me. Apparently, they have 'open house' for potential tenants. I'm not sure if I like this idea. THey do this because they can see that there is...

Property is about 5-6 hours away, so I'll have to find a good PM. Yeh it is true that they should not need a bonus as incentive, their fees are about 8% plus other costs. I wish I could do it myself.

Looking around and gathering info form potential PMs for my 1st IP I am financing right now, I came across a PM who uses the Pilling System. Is anybody familiar with this, and do you think it is a good system? The idea is that they are against asking for a fixed rent, because no-one knows...

From my experience, as I was interested in buying pensioner units just like yours, these are very hard to finance. You would have to pay the whole lot out of a LOC or cash. Banks find them risky and won't lend on them, not even at 70%LVR, may be for good reason. It may be possible to get a...

Wonderful tips, I have printed them out. This will help me a great deal making a more informed choice. Thanks!

I am at the stage of signing a contract to buy my first IP. So I never had anything to do with property managers yet. I now will have to look for a property manager soon. The property I'm buying has been owner-occupied, so never has been managed. How can you tell whether managers would make...

OOOHH it was the right place, just the other page I hadn't seen. Really need to go to bed. Sorry again!!!:o :o :o :o :o

Waaah I'm not doing this people, must be a computer hiccup, I am going to bed!!! SORRY

Everybody just claps for themselves because they were not the ones ending up buying the place for this price!:D

What the???!!! How did my comment about clapping end up here? Sorry guys, it was ment for the link about clapping at auctions!

Everybody just claps for themselves because they were not the ones ending up buying the place for this price! :D

Thanks people, just want to let you know how the story ends. We made the decision to still buy this place. The vendor agreed to all the inclusions I wanted and signed the contract, it's now on its way to my solicitor. It is still after all, as a few of you mentioned to me, a good deal, AND the...