Total Members: 158,314

colinnewland

  • colinnewland replied to the topic Help on “Release of the Deposit” in the forum Legal & Accounting 12 years, 8 months ago

    Love the idea of a deposit bond :)I wuld also suggest they the seller that they use the same procedure: this should relieve the pressure on you to pony up the cash.

  • colinnewland replied to the topic Principal place of residency in the forum If it is part of an 12 years, 8 months ago

    If it is part of an investigation, they would need a warrant to access company records of the power, water, gas etc. Ask to see those warrants. The 'investorgators' would also need to have the power to seek a warrant to be issued. Warrants are not issued willy nilly; they are usually only issued if the party seeking them can offer up evidence of a…[Read more]

  • colinnewland replied to the topic Principal place of residency in the forum Help Needed! 12 years, 8 months ago

    If it is part of an investigation, they would need a warrant to access company records of the power, water, gas etc. Ask to see those warrants. The 'investorgators' would also need to have the power to seek a warrant to be issued. Warrants are not issued willy nilly; they are usually only issued if the party seeking them can offer up evidence of a…[Read more]

  • colinnewland replied to the topic Advice Needed – Sell or Rent in the forum Help Needed! 12 years, 8 months ago

    Ask the bankl for a rate reduction…they are actively competing at the moment.Ask for a 'professional package…that will get you at least a 0.5% reduction.You can turn a negatively geared property into a positively geared property with a little imagination. This sounds like a perfect opportunity to use a rent to buy scheme where you rent the…[Read more]

  • colinnewland replied to the topic Principal place of residency in the forum Help Needed! 12 years, 8 months ago

    Always get their side in writing first; that way you are sure of their concerns and it locks them into a single position.How would have access to your private 'usage' details?  This may be a breach of your privacy, an unlawful act.I assume that the bills are in your name and it was not rented out so there will be no other name registered to that a…[Read more]

  • colinnewland replied to the topic Help on “Release of the Deposit” in the forum Legal & Accounting 12 years, 8 months ago

    Solve her problem…she wants to be able to move quickly (within 4 weeks). But she also wants to be able to stay in her current property for between 1.5 and 4.5 months (up to 3 months extra time).  A long settlement is good for you if you intend to buy and hold IF the property prices are climbing well.Are you intending to move into the property…[Read more]

  • colinnewland replied to the topic Asset Protection Permit in the forum Help Needed! 12 years, 8 months ago

    Scott; Rates are for the running of the council and this includes all expenses and the purchase of land and building.  People who renovate a house should not be charged an additional fee to put into a 'development kitty'.These funds are regularly missused or not used for the purpose for which they are earmarked. I moved into a new suburb of…[Read more]

  • colinnewland replied to the topic Help on “Release of the Deposit” in the forum Legal & Accounting 12 years, 8 months ago

    It is an old fashioned style of legal drafting as evident by the lack of punuation within each of the long sentence structure and the use of terms like "hereinbefore" and "hereby" and "hereof". At the very least its very poor drafting style and is confusing to the 'average man in the street'The current first clause reads:""Notwithstanding anything…[Read more]

  • colinnewland replied to the topic Granny Flat / Bungalow Rent? in the forum Help Needed! 12 years, 8 months ago

    Go and see with the local council; speak with the town planner and get a copy of the approved dwellings/buildings on the property.  I would keep the info with regards to a granny flat to yourself for the time being; just ask to see the building approvals; they will tell you what the buildings are listed as (garage, flat, shed, granny flat e…[Read more]

  • colinnewland replied to the topic Granny Flat / Bungalow Rent? in the forum Help Needed! 12 years, 8 months ago

    -The water and electricity is run directly from the house and hasn't got it's own meter(s), so how would I go about sorting out they're bills etc?A. Install a water meter;B. Add and agreed amount to the rent each week as a defined figure-Does the bungalow have to be fenced off completely from the home?No but that would depend on if you or they…[Read more]

  • colinnewland replied to the topic Help on “Release of the Deposit” in the forum Legal & Accounting 12 years, 8 months ago

    Whoever drafted that clause needs to go back to law school and learn how to write PLAIN english.  That type of legal-ease is outdated, looks 'tricky', sounds 'tricky' and confuses everyone.The current clause allows the vendor to access and use your deposit (as his deposit on a property that he may be buying) before you settle.  If for any r…[Read more]

  • colinnewland replied to the topic Asset Protection Permit in the forum Help Needed! 12 years, 8 months ago

    Is it a bond that you get a 100% refund or is it a permit, with a defined cost?If it is a bond, its that the total of your liability or just a 'part payment'?Seems to me to be just another scam to get more money out of land owners (I refer also to the 'development contribution' for 'alledged upgrade of the community (I was under the understanding…[Read more]

  • colinnewland replied to the topic Win Win in the forum Help Needed! 12 years, 8 months ago

    Gumtree/Andrew,Please email me your contact details….I may have some work for you on my return to Perth in a months time.Regards

  • colinnewland replied to the topic Anyone doing DIY renos in Perth currently? in the forum Value Adding 12 years, 8 months ago

    wisepearl / Emma,Please drop me an email to make contact.I am doing DYI renos in Perth but will not be back for another month.  I would love to make contact and see what we can work out.

  • colinnewland replied to the topic What would you do in the forum Help Needed! 12 years, 8 months ago

    Sell.

  • colinnewland replied to the topic Rendering Clinker Brick for Value Add? in the forum Value Adding 12 years, 8 months ago

    Why render, why not spray paint? The cost will be less than 25% of rendering.

  • I am talking about selling underperforming IP then immediately (or at the latest, 2-3 months) to purchase new IP's.All new properties would be placed into a trust.The only other way around this that I can think about is to borrow 80% of the equity and use tat to reinvest…as this is not a sale, I delay the CGT and selling costs for a date yetto…[Read more]

  • colinnewland replied to the topic Rent To Buy in WA in the forum Creative Investing 12 years, 8 months ago

    Its not the stratagy that is at fault, its the way the material or the lack of it was presented to the end buyer.You will note that the story refered to one particular operator and to "some parts of this tenancy agreement are [that 'may' be] illegal". The alledged wrong doing was 'misleading and decpective conduct' (see s52 of the Trade Pra…[Read more]

  • colinnewland replied to the topic SETTLEMENT BROUGHT FORWARD BY A YEAR in the forum Help Needed! 12 years, 8 months ago

    Great result Anita,All the best with your future IP's.

  • You have you solution looking you right in the face. If the tap was leaking, the tenent is under a legal and contractual obligation to immediately report any and all repair needs, especially ones that cause damage (rotting benches). They would also be required to point the leaks out to the agent at the 3 monthly inspections at the very least.Still…[Read more]

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