Hi again sc541.Is the Agent lying? It's only lip service and could be a lie – remember this: a Real Estate Agent is selling for the Vendor to get the maximum price for their Vendor because he/she looks good but, more importantly to the Agent, he/she gets paid more. My experience is, if you haven't heard it or had in writing from the Vendor(s),…[Read more]

Another nice technique CYC!Do you notice another common denominator with the responses to your question SC541 – to hell with etiquette. If you want to invest into property to make money, you can still be an honest & honorable person but you don't have to be nice in relation to the amount you offer. If a Vendor needs to sell (or even must sell)…[Read more]

Hi again Intrigue.I am unaware of the NCCP Act having any bearing on Vendor Finance or Option Agreements as they are usually a personal contractual arrangement between Vendor or Grantor and the Purchaser or Grantee. I have provided you a comlaw link if you wish to have a look at the Act yourself.http://www.comlaw.gov.au/Series/C2009A00134I hope…[Read more]

Hi Northwind.Both guys are right and don't you dare let that American Real Estate Agent gain control over your banking account. His role is to COLLECT the rent and then DEPOSIT it into YOUR account – not one with his name on it!PLEASE NOTE: I have 4 Aussie friends and colleague's of mine who help fellow Aussie's set up all the necessary legalities…[Read more]

If you read enough books on selling you will find one of the biggest motivators to get people to take notice or buy is what is called the 'take away technique or close'. Put an offer in at a level YOU think is fair (and to hell with etiquette) and place a codicil on the written offer to the Vendor that the offer will only stand for 'x' number of…[Read more]

Have a look at investing a small portion of your lump sum into the US for income earning potential. With the Aussie $ now at $1.05 to $1US and rental (in the right location) giving returns of 15%+, it's certainly worth a look. And if our dollar starts to weaken against the greenback over the next few years, and your US property(s) haven't had any…[Read more]

Hi Intrigue.I actually draft Option Agreements (or Rent to Buy) for clients so, if you send me an email I'll send you alot more info than I could post here for you right now. But here's a taste:You can apply an Lease/Option to Buy contract into place for just about any residentail property.Over simplifying the process, the Vendor or a Buying Agent…[Read more]

Thanks CYC! Way too much pessimism going on in this post. Remember the Y2K bug – the end of the financial world as we knew it. The reality – just a bunch of people who will take any opportunity to stand on a box and preach their doom & gloom.Do you know it takes approx 80 more muscles to smile than it does to frown…………mmmmm.

And, if you look at the historical drops or slumps over the last 100  or more years, there is always a 'double dip'. We've had our GFC, recovered somewhat, and now we go into the traditional 2nd dip down. Regardless, if your investment strategy is to buy & hold, then a drop like Melbourne has had is temporary and NOT necessarily the beginnings of…[Read more]

Hi Jamie.I didn't get the "our two fur children" bit until I got the May edition of API magazine today. They obviously didn't get their mother's looks! In all seriousness, I particularly love the paragraph, "Jamie says their confidence in their plans comes from all of the homework they've done and the advice they've sought from industry…[Read more]

Hi again Steve.You don't mention your income earning capability so it's impossible to calculate if you are able to service a loan of any kind. However, based on what information you have supplied, I would suggest if you are after a positive cash flow property that is going to cost you around $180K AND still provide you with some decent Capital…[Read more]

Hi again Eric.Perhaps look at this link as well. Here is a Conveyancer who'll do it for $220.http://www.lawyersconveyancing.com.au/auto_google_precon/auto_google_precon.aspKind regards,

G'day Eric.Send me an email and i'll send you a PDF of a Section 32 template you can use! NO CHARGE TOO!

Go to a local real estate agent and let them know you're an interested purchaser of this particular property and ask if they could find out if the vendor is interested in selling – you're prepared to pay top dollar as it's ideal for your needs. Guess what happens? He/she will get onto RP Data or APM and look up the details or give their preferred…[Read more]

Yeah (my head is down and I am now red faced), I am guilty as charged. I lit the match that started a crown bushfire the likes of which this forum may never see again. Sorry guys!Hey, what your guys thoughts on the sweat glands of the hybrid South American Yak?

LOL!!!! Oh come on guys! Now it's going to be that battle of who gets in the last knife, I mean word. It has been great reading but you guys could end up writing another book like Dianetics and then what has the world got? 2 more loopy religions that can't agree on anything. But it has been a hoot!

Boys, semantics! Now you're getting into is it a singular, feminine, second person, indicative being used to qualify a verb acting as either an adverb or possibly an adjective…….let's call it a draw hey? You both put forward great arguments for your respective positions but in the end: you too-may-tow, i say toe-mar-toe.

Hi again Forever Student.Let me take a wild guess at this. The company is called ACN Australia and the little grey headed Vice President guy you met had an American accent and his name was Eugene. How am I doing here? If some of this is right then you were shown the 21st century equivilant of a multi level marketing/pyramid selling scheme…[Read more]

I could NOT have put that together better myself fword

Well put Alistair!