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  1. datto

    Are you left or right handed

    Ladies and Gentlemen, here goes my first poll and it's one one that will get you thinking, hence investor psychology thread. I heard that lefties earn less and are a minority in society (only 12 % of the population are left handed). If you're a left handed brickie your rear end will face the...
  2. datto

    Shifty Tenant, give boot or make a deal?

    I've been renting a unit to a single tenant for nearly 3 years. I have come to the conclusion that the tenant does not live there and the unit is being occupied by an adult and a minor who are family members and I believe the adult may be an illegal immigrant (or maybe both are). The...
  3. datto

    My PC died :(

    Born 2002 Died yesterday. 13 yo Cost about $1800 P4 win xp sp2 512 mb RAM 40 gig hdd. Office 2000. Trusty old girl, sadly missed. It was a terrible demise. I switched her on to put some valuables on SS when it hung on P.O.S.T. I opened her up, blew dust and cob webs off her, took RAM...
  4. datto

    What IF: Rates up...Boom over....That leaves Rents?

    OK, chrystal ball stuff here. What if, some time in the future, rates go up and the boom disappears in a poof of smoke. It ain't all doom and gloom cause rents will have to skyrocket...no? My year 9 schooling (prior to being kicked out) tells me that as demand for a product wanes so...
  5. datto

    Borrow up to 90% with no LMI

    Found this: http://www.homeandcarloans.com.au/?gclid=Cj0KEQiA-PGiBRDRz4jH9o39yZwBEiQAWCBZNTIlsBJfBB3Fy3-3s5N1kgALVpGFUHHpvIfRurbCTSQaAp0i8P8HAQ#!nolmi/c1x2z Seems interesting Might help some one Apologies if this has already been talked about
  6. datto

    Buying On A Cross Street (Intersection)

    Buying On A Cross Street (Intersection) can be similar to buying a property with an easement or worse. You lose some property as the roads authority cuts your corner block so that vehicles have better visibility. Then there is always the greater risk of a vehicle ploughing into your house...
  7. datto

    Hmmm..R M Williams

    Recently I bought a pair of R M Williams trousers from a Salvation Army Store for $30. The pair was showcased at the front of the store and not on the racks where the cheap $8 trousers are located ( I hardly ever buy those cheapies) Anyway, I was quite impressed by the quality of R M...
  8. datto

    New Lender says Don't Redraw from old Lender

    Yea, what's happened here, is a fellow investor I know has just changed lender. Now get this, the old lender has kept the home loan active. She (the investor) has even received a letter from the old lender saying "thank you for paying off your loan"! The letter goes on to say "we'll keep...
  9. datto

    RBA, IMF are party poopers!

    get a load of this: http://www.abc.net.au/news/2013-09-17/property-bubble-warning-from-imf/4962018 and this: http://www.theaustralian.com.au/business/imf-warns-of-housing-bubble/story-e6frg8zx-1225856160393 Just when we are starting have fun, the IMF and RBA might start raining on...
  10. datto

    PM fails to lodge bond with RBB

    I had unfortunate experience with a dkhead PM. Getting MY rent money off him was like extracting teeth. Got a new PM - everything cool - till I starting hearing rumours that the old PM wasn't lodging bond money with rental bond board! One ex tenant I ran into says he received a Personal Chq...
  11. datto

    Pistorius - Does he have a leg to stand on?

    Oscar Pistorius - Blade Runner - Olympian. Allegedly shoots and kills girlfriend. Accidental killing? Roid rage? Jealously? It will be interesting to see how a high profile athlete squeezes out of this one. Could it be another OJ Simpson? Or will he be heading for a long term in the slammer?
  12. datto

    Twin Towers in Liverpool

    I was reading a brochure today which showed new twin buildings 18 and 26 levels to be built near Liverpool station. Off the plan. No prices mentioned . Agent is Lain Si mmonds Cabramatta. This has got to be the highest development out there by far. I cant see them being too expensive
  13. datto

    It's official: ABS index shows house prices rising

    http://www.abc.net.au/news/2013-02-05/official-house-price-index-rises/4502362 This could be the turning point Its one of the reasons the RBA left rates on hold Could be time to lock and load that fixed interest rate Time to keep a close eye on the market
  14. datto

    Calling All Slumlords - 25 dwellings 4 Sale inline - 2770

    Here she is: http://www.randw.com.au/627743/ Nearly 2 acres of land with 25 dwellings, ex houso, for sale by tender. Downtown Blackett Some repairs necesssary, ex tenants weren't that handy (they only used a hammer as a missile lol) Any pot plants belong to prior tenants or...
  15. datto

    Bankwest 5.29%...too good to be true?

    A dude from bankwest rang me and is offering me 5.29% variable (on $600K). IO for first 5 years then P & I for next 25. $75 application fee, no ongoings, not sure about valuation costs. This has got to be the best out there and is it too good to be true?
  16. datto

    Tenant wants mediation with Body Corporate

    Hi all. A tenant in our unit block is requesting mediation with our body corporate. The mediation hearing has been set down for this Wednesday and the executive commitee have until tomorrow to vote on whether to proceed with mediation. The disgruntled tenant claims he is being harassed by...
  17. datto

    Never sell IP (keep accumulating) vs sell for profit

    Is it better to just keep accumulating rental properties (never sell) or should you sell when there is a sizable profit? If you just keep accumulating properties you never really enjoy your profits. I mean, sure, your equity increases over the years and the banks gladly hand out cash, which...
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