G’day Steve…

Good on you!

Why not approach a Real Estate Ageny in your home town and explore the possibilities of working for them in the Property Mgt.division.

If there are no large Agencies in your area be prepared to move permanently after a trial period.

The income won’t be that flash, but if you consider it as a stepping stone it will…[Read more]

G’day Richard…

Thanks for setting the record straight re the 2 points you mentioned…appreciate it and I’m sure that Middler will read your comments.

I have found that “cabbies” advice, so true.

Thanks again

Bill

G’day Middler…

You could also give the salesperson an added incentive…say, $1000 Bonus if sold, with unconditional exchange of contracts, within 30 days, and AT the listed price.

Be specific..by 3:30pm on the 13th Nopvember’03.

I guarantee you it works. Suggest you run it by the Principle of the Agency…and ask him/her to not water it down…[Read more]

G’day…

Night owl??? It’s bloody daylight.

If you give buyers a reason to buy your unit as opposed to others and Buy it NOW…this will work for you.

Give the buyer an extended settlement…
up to 6 months. Don’t freak out…….

They, of course MUST exchange unconditional contracts with you NOW.
That is …a firm settlement on or before a…[Read more]

G’day Milen…

It is common practice for R/E Agents to do a “conjunction” sale. They split the commission 50/50. The problem with that is, that in a round about way you are really dealing with the vendors agent.

Agents:
A good agent has exclusive listings at the right price and doesn’t need another agent to help him sell his clients…[Read more]

G’day Middler…

I tthought I had another nightowl for company, but as your in the UK, I guess I don’t.

Don’t want to spoil your day…but

The problem is not Units but wher and who you are dealing with on the GC.

Some units will give a healthy return and moderate CG. But personally I have usually prefered a house/land. Then again I have done…[Read more]

G’day Ben…

The first thing I would do is to see the ATO and take advantage of 221D application…this will enhance your cashflow.

Then I would just sit tight on the properties.

I would not consider a wrap deal in the current market…you have to sleep at night, as do the wrapees.

Cheers

Billfromoz

G’day..

In the example you give…that is different again.

You are only being offered the biz. NOT the land

It maybe a 10 year lease on the biz. and at the end of that period..you hopefully renegotiate another lease term.

But…you are NOT buying R/E just the right to occupy

Bill

G’day…

Check out the title thoroughly !

Leasehold is Not Freehold, and as such will have restrictions and conditions attached.

Above all check into the “term” of the lease..it may be foor 30 yrs, 50 yrs …not to be confused with “99 yr” lease in ACT. The 99yrs in Canberra was simply used to STOP land speculation..ie. You must build within…[Read more]

G’day Lister..

Maybe cheaper but I have heard figures of $18,000 mentioned. Then you have to erect on your site..I dunno Stumps maybe…

Billfromoz

Good on you Jay..

Now ya talkin mate…

Best of luck… do your homework and if you come back empty handed… so be it… another place another time.

Billfromoz

G’day…

You may end up owning a white elephant or a pig in a poke. Some would consider this a fulltime job for it to be successful….and it sure is.

Take all the people in the Real Estate Industry that are “part timers”…an absolute disaster.
Not only for them but the rest of the Industry as they knock off 5-6 properties a year…usually at…[Read more]

G’day Sue…

I have torn out an advert for a guest house about a week ago… I like the potential

I have my hands full and have not even seen it
but if you like I’ll email you details or call me on 0419 636 449

Billfromoz

Bill O’Mara

G’day Dennis…

I own 4 acres land 30 min West of Yass, 55 minutes from Canberra on Hume Highway highway. If thats not too far for please call me. I have an interesting project.

Anytime..0419 636 449 or billomara@iprimus.com.au

Billfromoz

Bill O’Mara

G’day Dennis…

I sure agree with your observation.

Naturally others won’t and that’s what makes a market doesn’t it?

I can only comment on the Canberra market at that time… it tanked in September ’94. With prices falling 25%.

Where abouts are you?

Billfromoz

Suzie…

Thanks for the feedback guys. Billfromoz – no I didn’t pay cash. I have brought the property 80%

The entire interest on your loan (80% finance)
is tax deductible…without a doubt. Plus the interest incurred on the reno job.

If in doubt with answers received…see your accountant…as long as he doesn’t wear a brown cardigan. If he…[Read more]

G’day Suzie…

You certainly can claim the interest on any money sopent on renovating. It always gets back to the
“pupose of the expenditure”..

I am a little confused as to your comment as to why you feel that you can’t claim on the reno itself. Are you saying you paid cash for it. If not, as you are renting it out any interest on the borrowings…[Read more]

G’day…

It really gets back to your “initial intention”
So if your friend was to live in the property even for a short time …and I don’t mean just a month or two. Realistically, he would be doing himself a favour if he lived in the property for a year and then tenanted it…he can change his mind in the 12 months and then rent it out….with…[Read more]

Okay mate…

3 Litres it is.

Double or nothing that the Aussie$ is at US$.73
by mid 04

Bill

G’day…

Who said..”You can lead a horse to water but you can’t make it drink”.

Give the horse some salt first and it will.

Billfromoz