You may also want to check http://www.rentcover.com.au (EBM INSURANCE)

CHEERS[biggrin]

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

There are a factors involved before you should even consider drawing plans, Does the block slope to the street you need to get rid off the storm water, this will basically determine whether your sites are worth doing this type of project.

If the block slopes away and into adjoining neighbour YOU’LL HAVE TO CONVINCE YOUR NEIGHBOURS TO…[Read more]

I’ve found Rick Otten from Sydney Very helpful, His web site http://www.webuyhouses.com.au.

A master when it comes to +CASHFLOW PROPERTIES.

Cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

You have 2 great properties with alot of potential.

It all depends on the mortgages you have with the properties, is there a market for new duplexes in your area, are there any being built now if so how much are they for sale, Would it be worth to wrapp them or lease option.

Their is many factors to consider, although I like the idea…[Read more]

Dont amend an old lease, use a new lease each property should start fresh.(If you need to go to the tribunal and show up with an amended lease they’ll basically through it out the door).

Secondly in regards to the commercial lease anylease that adds up to 4 years needs to go through a solicitor or conveyancer, regardless if you have…[Read more]

We use a company called EBM, there a landlord protection insurance ie( loss of rent, mal damage etc 1800 800 544/ http://www.rentcover.com.au).

Give them a call, and compare qoutes.

cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

Thankyou for the responce, I was pretty close to your figures.

Cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

As you know all 3 area’s have had substantial growth in last 5 Year’s, how much further it can sustain this growth is anybodies guess.

Ultimately the choice is your’s, I dont think you CAN make a bad decision in any of these 3 area’s.

Has this Helped?

Regards

Joseph Scarcella
prime real estate agents
property management specialists…[Read more]

I think in the short term it may seem alot of money has to be spent just to move closer to the beach and get off the MAIN ROAD.

Although let’s look at the benefit’s, as you said POSITION AND THE LOCATION TO THE BEACH.

I doubt it in the near future that one would regret such a move especially if the property is near the water. AH…[Read more]

If you have to remind your agent 3-4 times to do certain things, why are you still with them wouldnt it be better to find one that’s more competent in property management.

my suggestion would be to write a checklist of what you require and make sure they stick to it.

If that dont help, either jump ship or write a nice little…[Read more]

This has to me a million times over,I’ve learnt not to talk about it anymore.
Just go about and do your own thing at your own pace, learn as much as you can then act upon it.

Get as much advice from the forum, your accountant, solicitor whomever.

I was once at a seminar and funniest remark I’ve ever heard was: When ever someone tries to…[Read more]

My advice would be to get a third report, view them and even give a copy the purchases solicitor so they can view and make a formal decision,

Sounds to me there taking you for a ride, then again the next property your going to purchase offer them the difference.

It all depends on your market is property moving quickly is it slow these…[Read more]

I agree with you, please dont take it the wrong way I was only responding to the risk’s of not having insurance.

cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

This subject comes up daily in my office with clients,
We do inspections every 3 months(nsw law only allow’s quarterly inspections)religiously it’s a system more agents should take on board, If the tenant know’s were coming every 3 month’s there’s more of a chance the property will be in good condition and to check if any Ilegal…[Read more]

Stick to the lower to middle price range,
remember the higher you purchase the less affordable it becomes to the wrappee.

Simply 200-300 you’ll have a broader spectrum.

I’m sure others will assist on this topic.

Hope this helps.

cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

I agree, developers big or small have made a fortune on simply placing a DA/BA on there site’s.
Either one day to build or sell off, I’m finding there selling the sites approved more often than actually building.

goodluck to them.

Cheers

Joseph Scarcella
prime real estate agents
property management specialists E:…[Read more]

I think your still liable for gst,If your company was gst registered at least you could claim it back through your expense’s.

I’m sure it wont be long before an accountant comes to the rescue.

cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

I started in real estate in 1989,back then a simple 3 bedroom brick (in Liverpool) from $100,000 to $160,000 and yep did nothing about it NOW look at it!Then again if someone had have said the same house would be worth close to $400,000 10 -12 years later, I would’ve laughed at them.

Oh well, look to the future.

my 2cents…[Read more]

Get the agent to do a rental appraisal letter with comparable properties, plus you’ll find most brokers will ask for one.

This way it’s in writing and the lender can get on the with finalising the paper work.
Make it as easy as possible for them.

cheers

Joseph Scarcella
prime real estate agents
property management specialists E:…[Read more]

I’m willing to put property against it no probelm.

Cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

It was done legit, there’s no way I would put myself nor my broker at any risk.

(to ease your mind I”m with a non confirming and paying A HIGH RATE the property was just to good to let go).

cheers

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

11 month’s ago I purchased on a lodoc, Had 20%+stamp duty.
Plus I had only been trading in my business for 12 month’s couldnt really show much at all, I must admit it was a pain in the neck to get it through but it was successful.

I guess I was fortunate with the broker I used, he’s very experienced in the IP WORLD.

There probably…[Read more]

I agree with derek,although you’ve done something other’s only ever talk about THE FIRST STEP TOWARDS BEING AN INVESTOR.

Do your homework thoroughly and make a decision.
You’ve come to the right the place for help.
Goodluck

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

I’m in the game and its just as hard for me, try realestate.com.au or perhaps your local community paper.

Most of them will be at Auction though.

Cheers,

Joseph Scarcella
prime real estate agents
property management specialists E: josephs@qh.laingsimmons.com.au

Interesting responce.

Cheers,

Joseph

Well thats a little scarey to know,Why wouldnt SOME agents place there listing on the open market, yes I understand that sale’s rep’s might have existing clients.
I wouldnt like to be on the other side of the phone with a vendor who is about to pay good money to have there property advertised and pay commission only to find out there…[Read more]

realestate.com.au is pretty much the best site available to search for new listing’s.

When an agent list’s a new property they first place it on there site, it then gets exported to realestate.com.au

So basically every new listing should be on realestate.com

Hope this has been of help

cheers

Joseph

I’m associated heavly with a company who do a fair few wraps and lease options Between Blacktown right through to Penrith.

There investing BIG MONEY here. Well it makes sence as this area is very affordable and the strike rate in wrapping or doing a lease option is high.

Do some Due Diligence and you’ll be pleasently…[Read more]

I’m an agent nearby, I believe this area has a long way to go.

Penrith with the ADI SITE, and Blacktown is booming, plus the new shopping centre being built in Blacktown.

Put it this way, I know a major player who has invested alot of money in this area.

Well done.

Regards

Joseph

Is there are specific need for this agent, ie are you selling,buying, or need a manageing agent.

Please advice

Cheers

Joseph

I have to agree with darren, level blocks arent particularly great when the time comes to subdivide.Make sure the block slopes to the street,If it doesnt and your truley buying for this potential WALK AWAY from it.

goodluck

Joseph

Most councils in nsw will allow dual occupancy, I’m an agent from sydney metro, please make sure that you can atleast strata them.
The council Area I work in prohibites strata or torrens subdivison.

We have a couple off duplexes for sale and there a nightmare to sell (all underone title)

Yes, They can be done virtually anywhere, BUT…[Read more]

I would make sure with your solicitor/conveyancer about those fee’s and also the rebate if your property doesnt sell.

I’m an agent and dad was a solicitor, Most solicitor’s would ask for upfront disbursements ie
ct, 149 cert, sewer diagram, dp etc.

Just make sure, before you get stung.

joe

Joseph

Spot on Yorker, get over it people! I believe, if your shy you starve.

Joe

Joseph

I’m an agent although at one time i gave it a rest, And in those 5 years I didnt look after my properties, you dont want the hassle, people often talk and say how easy it is WELL its all roses when things go to plan believe me when they stop paying GOODLUCK getting in contact with them,
plus the time it consumes its not worth the…[Read more]

I’m an agent from sydney, if your wanting to come to sydney to buy or open an agency, do yourself a favour and buy some sort of a rentroll honestly since our state government introduced this stupid exit tax investors have literally disappeared of the face the earth.

Although great time to buy if your wanting to wrap…[Read more]

I look after a fair few of rick’s clients,
and yes his material is excellent.

He’s been around for a few years and has great idea’s on wrapping properties

Joseph Scarcella

I’m teamed up with Rick Otten from sydney,

His company is webuyhouses p/l, This fellow is very successful in wrapping properties and has been doing for it for a long time.

Give them a call, I’m sure you’ll be impressed

Joseph Scarcella