back when he first became pm, on a few forums, tony abbott was prescribed the nickname "bony rabbit" which i did find humorous, and subsequently shortened it myself to bony rabs ...
I'm looking at the same idea Tech/A, I can pick up a 3x1 free standing unit for $200k, $250Pw min income, $60pw outgoings, in the super fund.Paid for it —— no loan no bank fees
In Super so less tax
Everything else pretty similar.
Potential for 30% over 10 years
Similar increase in Rent.
Better than Bank interest and I have enough
Exposed to the market.
How is the status of your tenders submitted after two months? Still value for money to get you excited>Doing tenders so flat out
Ill comment when I get my head out from under
the mountain of paper work.
Anyone got some codine!!
Agree with you completely, but now I'm retired looking after a block of land and a house, as opposed to just a unit with minimal land is a toss up.Yes I’ve had probably 30 in my time managed all of them myself
I look after good Tennent and physically remove very bad ones.
Issues are temporary.
But not for everyone.
I personally like something with LAND that’s where the money is.
I’ve had units but they are hard to sell.
Attract a lower social group.
How is the status of your tenders submitted after two months? Still value for money to get you excited>
thanks Tech. I do share some of the concerns. My note is on yours on the same subject.After a dearth of Quality tenders there was a pleasant return to some decent ones coming across
my desk.
While we are talking with some of our principals we are yet to win anything of significance.
Nothing is being let.
I expect that a few will come out of those I have completed back then. (I sincerely wish, your wins will bring you back on ASF as well. Besides, we all are well-wishers of each other so our best wishes are with you)
Everything in the Civil field is very very quiet. (this is very confusing to me. Some specific contractors are kept on winning. Looking at the main road, they are just multiplying work keep some contractors very busy. I also find civil project managers on building circle are asking more but at the same time building in Australia is still subdued. Perth city side does not give the feeling there is a lack of works for some. Difficult to prove but there are lots of contracts going to whom I know and who am I- no competitive tender in many cases )
Banks not releasing funds without knowing the last cent you've spent over the past 12 mths
and pledging your first born. (that probably explains sporadic capital raising by some of the minnows. I have suffered from Sheffield Construction's $400 M project - they are just asking trick feed of capital and that has let the relevant EPC contractor somewhat dog and now under trading halt for a different reason. Small players are in desperate need to get fund when interest rate is low but banks are very unkind. Though not in business as some are, but this is affecting people on day jobs as well)
Its tough everywhere and we are securing anything we can to keep staff employed
Unfortunately I've had to let some go.
Producing more than we are securing.
Maybe you consider joining hands with Joe to stop him shutting this forum.Agree with you completely, but now I'm retired looking after a block of land and a house, as opposed to just a unit with minimal land is a toss up.
There is more money in the house and land, but there is less outlay for similar income and considerably less garden(hassle).
I as you, have always managed my own properties, as using property managers from my experience, is just throwing away money.
The other half says I have rocks in my head, shares are paying better, less hassle and trouble free.
So it isn't an easy decision, if it payed off I was lucky, if it is a lot of hassle it is "I told you so".
But the prices are getting ridiculously cheap IMO.
I like that comment, and can see the bogans being "physically" dragged out by the ear.I look after good Tennent and physically remove very bad ones.
Hope you wil be ok @tech/a
Never easy to be in that position and always take a toll on the personal side, but I'm sure you are doing as good as can be
Well said tech/a. It's a time to reflect on strengths and weaknesses.Tough times reduce your Complacency.
Yes I suppose if you have a few big mates (or as you have noted before a few mates in Blue) you can get rid of the bad tenants, but I have several friends that have lost out big time on bad tenants trashing the place, one friends rental was so badly trashed that the house was condemned, the tenant then took him to the tribunal for making them live in a condemned house, what a mess.I look after good Tennent and physically remove very bad ones.
Been there done that, the house was trashed so bad I had to demolish it, then sold the block. That was when the other half said, never again.Yes I suppose if you have a few big mates (or as you have noted before a few mates in Blue) you can get rid of the bad tenants, but I have several friends that have lost out big time on bad tenants trashing the place, one friends rental was so badly trashed that the house was condemned, the tenant then took him to the tribunal for making them live in a condemned house, what a mess.
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