As one gets older cashflow becomes more important than capital gains. Typical strategy is to pursue capital gains until your your 50's and then pivot to cashflow.
I looked at one 5 or so years ago, on the Sunny Coast. QLD's oldest or first Brothel, something like that, I forget. I am pretty sure we talked about it here at the time after someone posted a link to it. It was closed for a few years because the owner (Madam) had cancer. She was trying to sell it now and was happy to re-open the doors for the new owner and show them the ropes for 12 months. I found it for sale online and enquired about it. Was $900K or so from memory, which included the land and shed that had all rooms fully renovated from memory just before she closed the doors, but the most important thing is that it came with the Brothel licence which is VERY hard to get these days because of local laws in regards to the distance away from schools, shopping centres, medical centers and how many other Brothels are in the area etc. The RE agent I talked to rattled off some numbers in regards to how much money it was making before Madam temporarily closed the doors to deal with her health issues. It all sounded good and was making good money, splitting 50/50 with working girls there. He emailed through a non-disclosure form which I signed, before he emailed out the in-comings/out-goings of the business. I called my personal assistance at the CBA and she said they can't finance me this business because the financial records are more than two years old. They have to be current or two years at the most otherwise as far as they are aware they don't know much money this business really makes or how much rent you pay etc. This sale price included the land/shed anyway, but yeah. Couldn't finance me, even with my 30% deposit, I had to pay cash for it which wasn't going to happen. I then talked to a few work mates that had actually visited that Brothel for some good times, there is a pub/club right next door also, the perfect place to have a Brothel lol. They said not do it anyway because of the HEAVY bikie influence in that area in regards to Brothels and tattoo parlors. Once I heard that, it definitely made it easy to walk away...........that and the fact that I was around $600K short of cash money lol.
Cheers legend, I've got solid capital growth from all my properties and was happy to keep pushing for that with my Dad's properties, but the Brother wants out. WAS going to buy this half out of of those properties, but **** it. Sell the lot and look at something at something cashflow positive now. I turn 43 this year. Will look for something cashflow positive as I will be paying cash for it, so it will be all cash coming in, but a little capital growth along the way would be nice. I don't know if that exists in the commercial realestate world, it's all new to me. Thanks for sharing Mike, I appreciate it.
The issue i see it with brothels is . Bike gangs moving in for security and keeping the tarts of the drugs .
A question for all the mechanics out there… I’ve been driving my father in law’s maybe ten year old Volvo XC90 for the last couple of days to see if I have any ideas re a problem it has that seems to be confounding the local mechanic here in PMQ. Basically, at around 30-50kmh, on partial throttle, it develops a shudder which if you just sit there will continue for several seconds. If you accelerate through it it goes away much quicker. I’ve also noticed what to me feels like some hesitation in gear selection around the same speeds even when it doesn’t develop into the shudder. It sort of tries to grab the next gear, fails, and then successfully changes up a second or two later. Only happens under light to moderate acceleration. As we all know I’m pretty clueless, but to me it feels like a transmission and / or gearbox issue (it’s an auto), rather than engine or electrical (the FIL says that the mechanic is now talking about electrical for some reason). Any thoughts, apart from setting fire to it and pushing it over the nearest cliff? Or, send it to Pap to on-sell?
https://volvoforums.com/forum/volvo-xc90-9/xc90-transmission-problems-7573/ and https://www.matthewsvolvosite.com/xc90-t6-transmissions-fail/
Does it feel like it's coming from the back? If so, the haldex unit needs servicing. if the front, then sounds like transmission. i had to repair both on my old xc90, auto needed a rebuild =$4k
Not tail shaft? If you hold it through the gears manually (change via the gearstick) is the shudder still there? When was the transmission oil last changed? Engine or gearbox mounts need replacing ?
Send it my way pal, Murri Motors is expanding into luxury European car sales. I just purchased a 2006 Peugeot 407 turbo diesel that won't be able to sell, I only purchased it because I have no stock left for sale. I am even looking at a 2011 Great Wall X240 4WD wagon that was offered to me, that's how desperate I am getting. Image Unavailable, Please Login
To me it feels like it’s coming from the back. Definitely not in front of the drivers position, anyway. Sort of maybe under the rear seats?
I have used it in manual mode and held onto 3rd and 4th while accelerating through that speed range. Doing that I couldn’t get it to shudder. Seemed pretty smooth.
Yes those earlier cars seem to have lots of transmission problems. This is a 2012 car but the symptoms are similar.
Very hard to diagnose over the internet as you can imagine, but it sounds like there a fault inside the transmission to me, doesn't sound auto-electrical. Have they dropped the pan to check for any debris/metal in the bottom of the pan? Maybe try that and change the transmission oil and oil filter while they are at it.
I'd suggest that the torque converter is the issue,flush the gearbox oil. Do these cars have the ability via the computer to clear issues?
I have never looked under a Volvo XC90, but some of the cars I work on that have worn out/failed driveshaft centre bearings that cause certain vibrations, only at certain speeds, every car is different, which can you feel resonate through the car and you can definitely feel it in the middle of the car, under rear seats. Only through certain speeds in any gear and every car is different. They never cause the transmission to hesitate with gear selections but, not that I have noticed anyway. Perhaps the haldex unit Greg was talking about works in with the transmission which can cause shifting dramas stemming from the haldex unit in the rear end?
Beats me why the fuch anyone would want to buy a Volvo of any kind. All the problems plus everyone else on the road hates you. poor Greg
Try this, disconnect the battery for 2 hours, reconnect and see if it disappears (basically resetting all of the electronics controlling the transmission) If this doesn't work use one gallon of fuel liberally over the entire car , stand back, throw match
Just got off the blower to him. Apparently the mechanic changed the transmission oil as part of the process to try to fix this problem. Had to wait a long time for it to arrive as special oil etc. But it seems nothing else has been done to the transmission apart from that. This mechanic is a Volvo specialist, but not a transmission specialist. I think he should take it to a transmission specialist rather than muck around looking at engine / electrical which seem fine to me.
Ok, it's the Haldex unit. As these cars get older, no one bothers servicing the Haldex. Will need the filter replaced and oil changed https://automotivetechinfo.com/wp-content/uploads/2018/04/Volvo-DEM-and-Haldex.pdf
Cheers man, good to hear that's been done. I had a look at what the haldex unit was and it looks it's a fancy word for rear diff lol I wonder if the oil has ever been changed in that haldex unit, I think that's what Greg was referring to when he said it may need to be serviced. Diff oil gets old, doesn't work as intended anymore and being a Volvo haldex unit, it would take a special type of oil also that probably costs $100 p/litre and has to come from the factory also lol. Do you know if he's gone down that road before with the Volvo specialist? Might be something to try before you go to a transmission specialist?
Every car built in Australia or built to be imported into Australia from December 2005 onwards should have the generic OBDII diagnostic port in it to be able to plug a scan tool into it at your local dealership or your local mechanic.
