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Mike Handcock's Property Investors Guide

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  • tpr2
    replied
    lol..... well..... it would have been silly not to use the GV on the apartment lower down, after all the automatic assumption was the one above would be worth even more so it was a double whammy

    Leave a comment:


  • whitt
    replied
    And when it came to dealing with the bank for finance I wonder which one you used?

    hehehe

    Leave a comment:


  • tpr2
    replied
    I bought both of them so I used the lower GV as my bargaining tool....

    Leave a comment:


  • whitt
    replied
    Nice one tpr. Desk jockeys do it again.

    Leave a comment:


  • tpr2
    replied
    Originally posted by freezinhot View Post
    Just saw a piece on Close up on council valuations and how misleading some of them can be, just as in deans blog, on a coastal road the values were all over the place, QV had valued some of these properties at 600k more than what they actually sold for!!

    The government official could not explain why the values were so far apart, just backs up Deans blog about coastal property, I found it really interesting.

    Obviously if QV and others find it difficult to get the REAL value of coastal, what chance does the novice investor.

    3 cheers for Dean!!

    FH
    If you think that is bad try 2 apartments.
    Identical in everyway except one is one floor higher.

    They are in exactly the same corner of the building and there is no telling them apart other than one is on the 5th floor and one is on the 6th floor.

    So the GV's are 60,000 apart on a 220k property, now thats pretty bad but what is worse is the one that you would expect to be perhaps a little more expensive (6th floor) is actually valued less.

    Thats a shocker.

    Leave a comment:


  • tpr2
    replied
    Originally posted by pooomba View Post
    I really noticed this in the last 12 months. Suddenly all the same questions I used to answer were being asked by new people at my events and on PT. The problem once you get familiar with something is you assume everybody else knows it.
    In 2003 I didn't have a clue about investing. I'd never heard of gearing, yield, location, nothing.

    I go out of my way now to always go over the basics with people because so often they have big gaps in their basic knowledge.
    You've done really well in 5 years then dean.....it must be that massive action. congrats.

    Leave a comment:


  • Dean@Massiveaction
    replied
    I don't have "hand" in my spam list :-)

    Leave a comment:


  • outspoken
    replied
    Something to do with Mikes' hand poomba? or the other part of his body?

    Leave a comment:


  • Dean@Massiveaction
    replied
    I hope this thread dies son, I have to keep going into xtramail to retrieve the notifications as they contain an unfortunate word association that dumps them all into spam.

    Thanks freezing, I just watched that also. Councils, irrefutable evidence of random selection :-)

    Leave a comment:


  • freezinhot
    replied
    Just saw a piece on Close up on council valuations and how misleading some of them can be, just as in deans blog, on a coastal road the values were all over the place, QV had valued some of these properties at 600k more than what they actually sold for!!

    The government official could not explain why the values were so far apart, just backs up Deans blog about coastal property, I found it really interesting.

    Obviously if QV and others find it difficult to get the REAL value of coastal, what chance does the novice investor.

    3 cheers for Dean!!

    FH

    Leave a comment:


  • Dean@Massiveaction
    replied
    I really noticed this in the last 12 months. Suddenly all the same questions I used to answer were being asked by new people at my events and on PT. The problem once you get familiar with something is you assume everybody else knows it.
    In 2003 I didn't have a clue about investing. I'd never heard of gearing, yield, location, nothing.

    I go out of my way now to always go over the basics with people because so often they have big gaps in their basic knowledge.

    Leave a comment:


  • Marc
    replied
    Originally posted by k1w1 View Post
    Really, Marc? I just laugh in my users' faces, flashing my yellow coffee-stained gnashers and directing my IT-style halitosis in their direction.

    I'm a hit with the ladeez in the office, let me tell you.
    Ha! I would love to be able to do that - though we would lose clients so maybe not....

    Cheers!

    Marc

    Leave a comment:


  • k1w1
    replied
    Really, Marc? I just laugh in my users' faces, flashing my yellow coffee-stained gnashers and directing my IT-style halitosis in their direction.

    I'm a hit with the ladeez in the office, let me tell you.

    Leave a comment:


  • Marc
    replied
    Originally posted by k1w1 View Post
    but there's stating the obvious, stating the bleeding obvious and then there's that video. Anyone who doesn't know that, possibly, by some amazing freak of nature, tenants might just want to live in good school zones, should, in my humble opinion, consider alternative investment vehicles.
    Hmmm.... Like I am with IT - sometimes I need to stop and really think how much I know after 15 years in the industry when someone asks me what I consider to be an almost stupid question. You tend to forget how much you know when you deal with newbies.

    Cheers

    marc

    Leave a comment:


  • Dean@Massiveaction
    replied
    But the point is people don't know that. That video was a daily blog for mums and dads, not designed to educate skilled investors. When I talk about school zones etc. people get very excited. Most people don't know where to start

    Leave a comment:

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