PropertyInvesting.com | colinnewland | Activity https://www.propertyinvesting.com/members/colinnewland/activity/ Activity feed for colinnewland. Mon, 13 Apr 2026 12:46:06 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ed8979a2d80942121b9c0c840c72b53e colinnewland replied to the topic Legal Issue - PM approving repairs without Landlord consent in the forum Help Needed! https://www.propertyinvesting.com/topic/4408305-legal-issue-pm-approving-repairs-without-landlord-consent/#post-4682807 Wed, 26 Dec 2012 06:19:05 +0000 I would also lodge a claim with the State RE Board with a claim that the agent exceeded their written authority. You should be able to get back the difference from the amount that you authorised and the amount spent.
In any new contract, I  would also set out what is defined as an 'emergency'. An item of repair may be urgent (repairing a water…[Read more]

]]> c65babfeeacb67466e2ee51004d25cc9 colinnewland replied to the topic 1300 Pest Control in the forum Opinionated! https://www.propertyinvesting.com/topic/4408321-1300-pest-control/#post-4682894 Mon, 24 Dec 2012 09:59:26 +0000 Flick this issue straight to the Dept of Fair Trading.

If you paid via a Credit card (always), lodge a complaint with them that you did not received what you paid for (a 'legiable'  inspection report) and ask for a 100% refund.

]]> bf516b2ca840af5d650f748e07ab3649 colinnewland replied to the topic Entry Inspection conditions in the forum Help Needed! https://www.propertyinvesting.com/topic/4408035-entry-inspection-conditions/#post-4680520 Tue, 06 Nov 2012 08:58:22 +0000 Why the delay? If it has been delayed, can you get it delayed further until you get back from your holiday.
If you MUST get another party to do the final inspection just prior (say up to 3 days before settlement) then you must get pictures (and video if possible) along with a written report. You should be their yourself or failing that use a…[Read more]

]]> df5992372a218293a64488d560025549 colinnewland replied to the topic Buying off the Dept of Housing, property vandalised before bank valuation - what rights do I have in the forum Silly question but did you https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/page/2/#post-4575722 Tue, 06 Nov 2012 08:40:07 +0000 Silly question but did you take out insurance on the property the moment you signed the contract. You have an 'insurable interest' and would have got insurance in a heartbeat.
You must get at least a 'cover note' that covers you for the first 2 weeks (to allow you to shop around to get better quotes) at no initial cost. This can be done with a…[Read more]

]]> 69ea4168a21559eba07c53392f066a93 colinnewland replied to the topic Subdivide and sell the backyard. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404542-subdivide-and-sell-the-backyard/#post-4654545 Fri, 26 Aug 2011 09:53:22 +0000 Hand the sub division to a local surveryer…you could expect a cost of between $2-3,000 and takes about a month. 

]]> e19fe6907e58a1e1f056a7a8bc360218 colinnewland replied to the topic Anyone recommend a rendering company in Perth? in the forum If you MUST render, ALWAYS https://www.propertyinvesting.com/topic/4404527-anyone-recommend-a-rendering-company-in-perth/#post-4654457 Fri, 26 Aug 2011 09:51:13 +0000 If you MUST render, ALWAYS tint the render first…it will save heaps later.I do howver recommend spray painting (especially if you intend to sell or rent). It fast, cheap (about 10-20% of rendering) and looks great and when you get tired of it, you can change the colours.

]]> 447525f7f656106a5b18d0412e648178 colinnewland replied to the topic First Property - How Do People Get The FHOG When They Dont Live In It? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404548-first-property-how-do-people-get-the-fhog-when-they-dont-live-in-it/#post-4654606 Fri, 26 Aug 2011 09:40:32 +0000 It is legal to have a boarder/house mate/friend in your house who makes a 'contribution' to household expenses (power, water, gas, interest, renting furniture, wear and tear of equipment etc).  You both decide what is fair.As for the ATO, cost sharing/recovery should not be defined as income nor should it affect your CGT exemption.It should not…[Read more]

]]> 625a52039eb8c14652342679ad5f8a15 colinnewland replied to the topic Painting - tradies supply or you buy? in the forum Value Adding https://www.propertyinvesting.com/topic/4404546-painting-tradies-supply-or-you-buy/#post-4654595 Fri, 26 Aug 2011 09:28:23 +0000 I completed 2 paint reno's (inside and out) and asked to be given trade prices (for 50-60% off retail). I now get top quality paint in the quantities I want/need and always get to keep some over for later touch-ups and accidents. To push this a little further, get a couple f friends who are thinking about doing their own renos and get a bulk order…[Read more]

]]> 3fe96006462593b9f2523ad0d3c37122 colinnewland replied to the topic Do small property renos still add value post-GFC? in the forum Value Adding https://www.propertyinvesting.com/topic/4404535-do-small-property-renos-still-add-value-post-gfc/#post-4654506 Thu, 25 Aug 2011 08:44:26 +0000 Do not get confused between what is 'adding value' like an extra room/an outdoor living area as compared to repairs and maintance (new paint/carpets etc).If you spend $10K on new paint and carpets, you may get an increased valuation of between $10-15K and make it easier to sell (reducing your holding costs and allowing you to move quickly onto…[Read more]

]]> ab88ddfce50eb342d210f31f6bef56df colinnewland replied to the topic off the plan property does not follow the floor plan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404531-off-the-plan-property-does-not-follow-the-floor-plan/#post-4654482 Wed, 24 Aug 2011 13:18:14 +0000 There is no such thing as 'can not' or 'impossible'. Its just a matter of cost; the cost of the builder that has caused the building to be constructed not according to the agreed contract.

]]> ae1973c93bdfb07706890664b26d194c colinnewland replied to the topic Mother retireing this year with property she wants to biuld townhouses/villas on. Looking at a structure to hold assets in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404525-mother-retireing-this-year-with-property-she-wants-to-biuld-townhousesvillas-on-looking-at-a-structure-to-hold-assets/#post-4654430 Wed, 24 Aug 2011 11:13:49 +0000 Speakto a finance broker who specialises in 'commercial' property development. There are waysto get around the lack of future income (other than the property income itself).Depending on the equity held in property, she should qualify for a development loan as they banks will do a valuation on the end value.Another way to deal with it is to go into…[Read more]

]]> 4349bc86f55af071fbdfe2652254d812 colinnewland replied to the topic off the plan property does not follow the floor plan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404531-off-the-plan-property-does-not-follow-the-floor-plan/#post-4654476 Wed, 24 Aug 2011 10:21:43 +0000 They are trying to bluff you into settlement before fixing the matters. Once they have their money just see how long it takes to fix (aka = never). You are in the drivers seat, they fix it BEFORE settlement or no settlement.A pre-selelment inspection is usually arranged at least a week prior to settlement not on the same day…They are banking on…[Read more]

]]> 90a704dd6bc5b905209a4748751dd8b0 colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654250 Wed, 24 Aug 2011 08:57:05 +0000 Agreed.Remember, there appears to be no evidence that the property was not and is not still "…occupied by an applicant for a continuous period of at least six months…" being based on an inaccurate/false assumption (being the level of power/water/gas bills) that everybody must spend the same amount for every house no matter how many people live…[Read more]

]]> 35187e7ea12b10461b4450d932c2cb44 colinnewland replied to the topic off the plan property does not follow the floor plan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404531-off-the-plan-property-does-not-follow-the-floor-plan/#post-4654474 Wed, 24 Aug 2011 08:47:09 +0000 1. It does matter if council approved the design, your contract states something different and needs to be fixed before you take delivery.2. It IS possible to change, it is NOT impossible/too late to change, especially the bathroom door. They just do not want to spend the money to fix THEIR mistake.  Mistakes, honest or not need to be fixed.  Th…[Read more]

]]> dccbd2c73222ae67aec431eeb87ebc92 colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654248 Wed, 24 Aug 2011 08:25:55 +0000 You have it in a nut-shell…a "revenue offence". No such 'alledged' offence has been or could have been reasonable arrived at. Just being a state revenue service does NOT negate the requirements of that office to first seek the infomation from the 'alledged offender' or to advise him that the infomation is to be obtained from a 3rd party. The Vic…[Read more]

]]> e6fc6e39fb956c6d7a693f6cb8c0fb78 colinnewland replied to the topic for brokers - low doc question in the forum Finance https://www.propertyinvesting.com/topic/4404521-for-brokers-low-doc-question/#post-4654411 Wed, 24 Aug 2011 07:58:57 +0000 Make an offer; the Bank can only say 'No' or put it on the market and wait months for  buyer with addition lost interest income, fees/expenses etc.Is your client still looking are recovering his $150K via a VF 2nd mortgage with you or will he maintain/place a new lien on the property?

]]> eeabc90e24f60be53d29ee3380fbec6b colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654246 Wed, 24 Aug 2011 07:50:28 +0000 This is not the ATO nor the AFP, its the Vic SRO and in every case they need a prima faca case of wrong doing before they can get access to private data. Are you saying that you accessed personal data without a warrant such as phone records, power/water/gas bills? And data sharing/matching only relates to sharing of data between govt departments…[Read more]

]]> 9d0012f063bfcf2ec75727d0947cda7e colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654244 Tue, 23 Aug 2011 13:47:40 +0000 TerryW, I do not know which country you live in but here in Australia police and govt agents still need a warrant to get copies of documents from private companies. As for private investigators getting access to private data, forget it! The 'only' agency that I know of that did not need a warrant was the WA Industrial Relations Department…[Read more]

]]> fe83d78e7bb7dc634d24dcdfa5c9ec3a colinnewland replied to the topic 62 years old and starting from scratch! is it possible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403913-62-years-old-and-starting-from-scratch-is-it-possible/#post-4649620 Tue, 23 Aug 2011 09:52:29 +0000 I hope its not too late for us all :)Look at rent to buy options as a way to get back into the game; this requires limited cash as youtake over someone elses mortgage then manage the final sale to a buyer afte rthen have added additional equity via completing a reno at their cost.As long as you have at leat $20K (as an absolute min) so you can pay…[Read more]

]]> c0ea1558d3a25dbd0ed01f1ac4fed1cd colinnewland replied to the topic Auctions and building/pest inspections in the forum Help Needed! https://www.propertyinvesting.com/topic/4404488-auctions-and-buildingpest-inspections/#post-4654147 Tue, 23 Aug 2011 09:45:01 +0000 I agree; as a seller, have the pest and building inspection reports completed by nationally recognised companies who include a warranty in their DETAILED report. Make sure to advise them in writing that you and the buyer will be relying on their report as an investment and that damages will result if faults are not discovered…it make cost a…[Read more]

]]> a87eb905fc2782174dadf9c5408ca6c9 colinnewland replied to the topic Help on "Release of the Deposit" in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404501-help-on-release-of-the-deposit/#post-4654193 Tue, 23 Aug 2011 09:29:18 +0000 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.

]]> 476a18ccd9175668fdad9f887fe922b1 colinnewland replied to the topic Principal place of residency in the forum If it is part of an https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654239 Tue, 23 Aug 2011 09:10:34 +0000 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]

]]> c88d00dedb953f7577b84ed03720760e colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654239 Tue, 23 Aug 2011 09:10:34 +0000 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]

]]> c6ffa73c59aa3037bf152bf6ce744d49 colinnewland replied to the topic Advice Needed - Sell or Rent in the forum Help Needed! https://www.propertyinvesting.com/topic/4404511-advice-needed-sell-or-rent/#post-4654259 Mon, 22 Aug 2011 15:16:57 +0000 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]

]]> 37117a5feca2ffd6b1eda2d412bb347b colinnewland replied to the topic Principal place of residency in the forum Help Needed! https://www.propertyinvesting.com/topic/4404509-principal-place-of-residency/#post-4654236 Mon, 22 Aug 2011 14:47:14 +0000 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]

]]> 15101a7273631dd7d235ef81dff7b084 colinnewland replied to the topic Help on "Release of the Deposit" in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404501-help-on-release-of-the-deposit/#post-4654191 Mon, 22 Aug 2011 13:46:49 +0000 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]

]]> 3e3883c85e0bc9a8e10462175c3af93d colinnewland replied to the topic Asset Protection Permit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404483-asset-protection-permit/#post-4654092 Mon, 22 Aug 2011 10:57:47 +0000 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]

]]> 88168568e358aab763fffe5c81cdccf6 colinnewland replied to the topic Help on "Release of the Deposit" in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404501-help-on-release-of-the-deposit/#post-4654188 Mon, 22 Aug 2011 09:06:26 +0000 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]

]]> bcb1144fa8e8a1423752700a721e5da3 colinnewland replied to the topic Granny Flat / Bungalow Rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404490-granny-flat-bungalow-rent/#post-4654158 Mon, 22 Aug 2011 08:35:49 +0000 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]

]]> 65c2a27eb9d712b7a56fcab40597f1ef colinnewland replied to the topic Granny Flat / Bungalow Rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404490-granny-flat-bungalow-rent/#post-4654155 Mon, 22 Aug 2011 07:00:09 +0000 -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]

]]> e50f6e45bb809859452bf6e5b1361fd2 colinnewland replied to the topic Help on "Release of the Deposit" in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404501-help-on-release-of-the-deposit/#post-4654186 Mon, 22 Aug 2011 06:47:03 +0000 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]

]]> 6bb20f835aec9f2c981d1e92799a9695 colinnewland replied to the topic Asset Protection Permit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404483-asset-protection-permit/#post-4654086 Fri, 19 Aug 2011 16:23:23 +0000 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]

]]> 2d0fbf089a947593822b16becd23c3a5 colinnewland replied to the topic Win Win in the forum Help Needed! https://www.propertyinvesting.com/topic/4404457-win-win/#post-4653911 Tue, 16 Aug 2011 14:35:19 +0000 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

]]> e5a79d6b2837d8beb5543c51766eab24 colinnewland replied to the topic Anyone doing DIY renos in Perth currently? in the forum Value Adding https://www.propertyinvesting.com/topic/4396973-anyone-doing-diy-renos-in-perth-currently/#post-4607861 Tue, 16 Aug 2011 09:55:55 +0000 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.

]]> fc8f91b4e0f2b4f25e6a7c6e8de7aa7c colinnewland replied to the topic What would you do in the forum Help Needed! https://www.propertyinvesting.com/topic/4404456-what-would-you-do-31/#post-4653904 Mon, 15 Aug 2011 23:40:33 +0000 Sell.

]]> 24c36f5f05b25272905e6d937a8a7557 colinnewland replied to the topic Rendering Clinker Brick for Value Add? in the forum Value Adding https://www.propertyinvesting.com/topic/4404448-rendering-clinker-brick-for-value-add/#post-4653869 Mon, 15 Aug 2011 11:26:44 +0000 Why render, why not spray paint? The cost will be less than 25% of rendering.

]]> 2c6c2c3b28c0230badeac740d4d7b66b colinnewland replied to the topic Rolling over IP: Am I liable to CGT straight away or can I delay the CGT until a future date? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404440-rolling-over-ip-am-i-liable-to-cgt-straight-away-or-can-i-delay-the-cgt-until-a-future-date/#post-4653823 Fri, 12 Aug 2011 11:44:32 +0000 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]

]]> 20877a6c5d094a410d8b31883abd5176 colinnewland replied to the topic Rent To Buy in WA in the forum Creative Investing https://www.propertyinvesting.com/topic/4404418-rent-to-buy-in-wa/#post-4653644 Wed, 10 Aug 2011 17:44:52 +0000 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]

]]> 5a033833b223c51c77bc0387bfce4256 colinnewland replied to the topic SETTLEMENT BROUGHT FORWARD BY A YEAR in the forum Help Needed! https://www.propertyinvesting.com/topic/4404286-settlement-brought-forward-by-a-year/page/2/#post-4652746 Tue, 09 Aug 2011 18:45:29 +0000 Great result Anita,All the best with your future IP's.

]]> 6a7813359478e772c436cddf28283408 colinnewland replied to the topic Advice on who is responsible for damage to property? PM or lying tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404383-advice-on-who-is-responsible-for-damage-to-property-pm-or-lying-tenant/#post-4653412 Mon, 08 Aug 2011 09:34:53 +0000 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]

]]> b461e33854311aa5271d52fb92b7af01 colinnewland replied to the topic Development Finance Cartoon in the forum Value Adding https://www.propertyinvesting.com/topic/4404077-development-finance-cartoon/#post-4650860 Sun, 07 Aug 2011 11:46:12 +0000 What program did you use to generate the vdo?Can you give me the link so that I can generate a vdo for my businss as well please?

]]> 157e0cb279e7442e47df0216e78755c8 colinnewland replied to the topic Advice on who is responsible for damage to property? PM or lying tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404383-advice-on-who-is-responsible-for-damage-to-property-pm-or-lying-tenant/#post-4653407 Sat, 06 Aug 2011 08:47:17 +0000 Re rejecting/accepting any application…you are ALWAYS able to justify your decision torent to ANY person based on;A. THeir ability to pay on time, every time, ANDB. THeir ability to properly maintain the property at an acceptable standard.  If the person appears to not have that ability, for whatever reason, then you are withing your rights to…[Read more]

]]> eeb07e7dc33a5288a53fbd63b9fc37ff colinnewland replied to the topic Property Management Cost – what is Supervision and Sandy Fees? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404351-property-management-cost-what-is-supervision-and-sandy-fees/#post-4653199 Tue, 02 Aug 2011 09:02:49 +0000 This 'sundary and postage fee is just another cash scam to claw more money out of you to do the job you are ALREADY paying for.7-10% of rent is more than enough to cover all expenses; if not, then are you just paying them the 7-10% to 'just' recieve money everytwo weeks which is usually done via an auto bank transfer.And do they also charge the…[Read more]

]]> 19829a6c4fbc7d2aa64ebe14f55f9616 colinnewland replied to the topic RE Agent Lodges Caveat for Commission! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/re-agent-lodges-caveat-for-commission/#post-4653021 Mon, 01 Aug 2011 10:04:57 +0000 OK, accepted….so why not include a clause in the REA contract that the "commission is due and payable within 24 hours of settlement"; = no settlement, no commission.This should ensure that he REA agent moves the deal long to closure ASAP as only then will they be entitled to any commission. Any other clause would have the effect that a REA would…[Read more]

]]> fa71bb1040ec2705de4b8645bdd3b225 colinnewland replied to the topic My idea (pick it apart - tips please) REALLY REALLY NEED HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4404347-my-idea-pick-it-apart-tips-please-really-really-need-help/#post-4653173 Mon, 01 Aug 2011 09:52:29 +0000 Forget about a 'new' home; they cost more than an older home to start with. If you dump all your cash into a home, you cannot claim any as a tax deduction either. make sure its placed into a trust so that you can use it as an IP at a later stage.Building a new home will also tie you up for at least 12 months with your stress factor going thru the…[Read more]

]]> 51453e43e132a32eb3a0ce41fb2adee5 colinnewland replied to the topic RE Agent Lodges Caveat for Commission! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/re-agent-lodges-caveat-for-commission/#post-4653019 Mon, 01 Aug 2011 09:23:53 +0000 I would ensure that you instruct your REA (in writing) that EVERY $ offered be accepted as a deposit (just $1 is all that is required to show 'consideration') to form a finding contract )once you 'accept' the 'offer'. If the REA forces a buyer to pony up 10% deposit will proberbly frighten the buyer away, especially if they are making several…[Read more]

]]> 7267539969235e5d0b0f52c3386f9ed0 colinnewland replied to the topic Help with lease option contractdoing the paperwork correctly in the forum Creative Investing https://www.propertyinvesting.com/topic/4404289-help-with-lease-option-contractdoing-the-paperwork-correctly/#post-4652768 Sun, 31 Jul 2011 11:07:48 +0000 Do I need a Certificate IV in Financial Services (Finance/Mortgage Broking) to do Lease/Rent/Option deals?

]]> acb3b53ca7d2a11fc30081f51ce19fa9 colinnewland replied to the topic Mortgage Tracking Software - free? in the forum Finance https://www.propertyinvesting.com/topic/4404334-mortgage-tracking-software-free/#post-4653081 Sat, 30 Jul 2011 08:42:42 +0000 Which is easier to use? Do they both include download ability direct from the bank?Which produces the best reports?Which produces the best control features ie: additional payments etc?Which software do you recommend and why?

]]> 9c1aa13295826e1b03f685452c3a01dd colinnewland replied to the topic SETTLEMENT BROUGHT FORWARD BY A YEAR in the forum Help Needed! https://www.propertyinvesting.com/topic/4404286-settlement-brought-forward-by-a-year/#post-4652740 Fri, 29 Jul 2011 08:40:21 +0000 If you want to delay further, sack the conveyancer the wait for the seller to contact you directly. They MUST communicate that to you in writing.I would also suggest that their 'appears to be a conflict of interest' with the seller recommending the conveyancer (they must have done work with them before and wish to do work with them again in the…[Read more]

]]> 11fabc0f47c2f3d44dc431360e88f227 colinnewland replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404307-making-the-most-amout-of-profit-without-paying-too-much-cgt-or-extra-stamp-duty/#post-4652869 Thu, 28 Jul 2011 08:25:32 +0000 Accountants are about recording the past and not about planning the future. Nor are they usually property investors themselves.NEVER EVER cross-colateralise any of your loans. That is an 'all in' loan.  If for some reason one property needs to be sold or HAS to be sold, the banks can sell off any or all of your other properties as well as access…[Read more]

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