Total Members: 158,199

NRG

  • NRG replied to the topic Vendor financing, assets, income and the pension in the forum No Subject 19 years, 9 months ago

    Marc

    Definitely want everything done above board and I don’t want to hurt anyone as a result of the transaction. Just looking for a creative solution, as I can’t afford to pay a lump sum up front and I’m not sure if the bank would lend me more money. Also, it could set me apart from other interested buyers. Note that I’m confident that I could…[Read more]

  • NRG replied to the topic Avoiding stamp duty – help for a pensioner in the forum Creative Investing 19 years, 9 months ago

    Just to fill evryone in.

    I spoke to my accountant and he didn’t like any of the 3 options. The third could work out OK financially but could cause unnecessary concern for an 82 year old mum.

    His suggestion was along the lines of one from my 84 year old father-in-law. That is, renovate the house to make it more lively and modern, hire new…[Read more]

  • NRG replied to the topic Avoiding stamp duty – help for a pensioner in the forum Creative Investing 19 years, 10 months ago

    Thanks guys

    I will investigate three options (neither of them are my original one):
    1. I purchase mum’s house at a fair market price and rent it out and she purchases a new villa, thus avoiding real estate commission and some legal fees.
    2. Mum borrows money on the equity in her house and I find someone to lease purchase the house from her,…[Read more]

  • NRG replied to the topic Avoiding stamp duty – help for a pensioner in the forum Creative Investing 19 years, 10 months ago

    Some details…

    My mum owns outright a 3 bedroom house in Boronia West (about 2km from the Boronia and Bayswater train stations and 1km from Knox City). She is 82, has no transport and the house she lives in is old and bigger than she needs. Thus, I was wanting to propose that she moves to a smaller more modern house closer to public transport…[Read more]

  • NRG replied to the topic Avoiding stamp duty – help for a pensioner in the forum Creative Investing 19 years, 10 months ago

    Redwing

    I hope its a win win situation, but the primary purpose is to help my mum.

    In terms of the $1 rent OK I take your advice, I didn’t realise the implications.

    In terms of similar rent for her existing property I meant market value. Still have to research it, but I suspect about $250-300/wk for a 3 bedroom house in Boronia West,…[Read more]

  • NRG replied to the topic Robert G Allen in the forum Heads Up! 19 years, 10 months ago

    I recently signed up to do an RG Allen/Mark Victor Hansen real estate course through US, not knowing that he was in town. I didn’t attend the seminars.

    I’ve actually had 4 weeks of training and found it OK. I found Steve’s book afterwards and wish I had found it earlier. Steve’s approach is more straight forward, his book is very easy to read…[Read more]

  • NRG replied to the topic Where r these + cash flow properties in the forum No Subject 19 years, 10 months ago

    You’ll probably find it in the sticks; Steve found them in Ballarat. Alternatively, look for duplexes, dual occupancies or multi-occupancy sites.

    Good luck. I’m still looking too and tentatively thinking about NSW rural towns.

    Maybe its best to stick to capital gain using buy and hold techniques. I’ve doubled my money in the past 2.5 years…[Read more]

  • NRG replied to the topic SYDNEY VFA MEETING in the forum Hotch Potch 19 years, 11 months ago

    What’s a VFA meeting? I suspect its something to do with Vendor financing??

    Who can attend and when and where are they held?

    Cheers
    Neil

  • NRG replied to the topic Canberra property investors in the forum General Property 19 years, 11 months ago

    Thanks guys – I agree we meet with the existing group.

    Cheers
    Neil

  • NRG replied to the topic Canberra property investors in the forum No Subject 19 years, 11 months ago

    Steve

    Sound like you want to start a group. For this group to be successful we need someone with a reasonable amount of experience in the private investor real estate business. That’s not me. Do we have anyone that fits this category that’s interested in getting together a group in Canberra?

    In terms of location, it could be at someones house…[Read more]

  • NRG replied to the topic Selling Privatly in the forum General Property 19 years, 11 months ago

    Stevie24

    Try http://www.instantsellhome.com and it should take you to the home page. I came across it yesterday and downloaded some material on selling privately.

    Cheers
    Neil

  • NRG replied to the topic Selling Privatly in the forum General Property 19 years, 11 months ago

NRG

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