Hi Bradles,

A broker has the advantage of having acces to a whole range of lenders each with their own range of products.

By way of contrast a bank is limited by their policies and products.

As Steven said a broker earns their income from a commission paid by the bank – you do not have to pay anything.

I would also add that you are more likely…[Read more]

As Swampy has said the information given thus far is a little skimpy and, on this basis, all comments should be taken with a ‘grain of salt’

Originally posted by ajsov1:
my father owns two units and is willing to sell one of them to help with my mortgage payments on a house for me and my family (Put about 100,000 towards the loan), im just…[Read more]

+ trailing and/or up front commission from the fund manager?

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Shelby,

If your advisor is getting a trailing or upfront commission on your shares then he will be biased against property.

There are other advisors who use property as their core investment vehicle and who also do well in the long term.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Dom,

There was an article in one of last weekend’s papers that highlighted some issues associated with inspections and property purchases.

In a nutshell (and from a skim read memory) a couple bought a house in Mandurah (WA) and got all the necessary searches and inspections done.

After settlement and inhabitation some issues that came to the…[Read more]

Hi Liza,

Either the above.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Lapua,

I was Patrick Thatcher at http://www.rmgaccounting.com.au He is basedin Subiaco.

I also suggest a search on Perth Accountants as other recommendations have been made too.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi all,

Why reinvent the wheel?

There is an active, non-aligned group in Brisbane that meets monthly and who have accesses various speakers/experts at minimal cost.

Shane (AKA Sunstone) regularly posts the meeting dates and details here with this being his latest…[Read more]

Hi Rudy,

8% for a storage unit is not flash – and the only reason someone would/should consider a storage unit is cashflow.

If you have equity to burn and need some cashflow – maybe but as indicated 8% is not that great on these types of properties.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi BB,

Not a big fan of Defence Housing but a number of people use them as their launching pad.

Recommend a search of the forum using ‘DHA’ and/or ‘Defence Housing’ – the search facility is accessed through the search button located immediately below the ‘forum boards’ button. Top left side.

Derek
derekjones1@bigpond.com

Property Investment…[Read more]

Hi M and D,

The other point I would add is the only reason I would consider selling is if I have too, I get an offer to good to refuse, if the property/ies stop doing what they were bought to do or if they have performed like dogs.

The other point you need to consider is why did you buy these properties in the first place and if they are…[Read more]

Hi Mark and Dot,

I am with Martin here – why sell something that is largely paying for itself.

To me the best decision is hang onto these and utilise the available equity for other investments.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Suzette,

There was recently a similar question asked about serviced apartments. Many of the issues are same/similar so have a look at

https://www.propertyinvesting.com/forum/topic/15283.html

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Acey,

You are missing the same cards we are – apologies for the cynic in me but methinks the missing cards were very rarely printed.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Geeez Michael,

With language like that a moderator is sure to come along and edit your post.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Originally posted by DanTheMan:
if you are talking waterfront somewhere on the coast of WA, I would suspect a couple of dollars

Hi Dan,

Dems fighting words [biggrin]

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Neo,

Send Julia a PM. She regulalry posts here and has a website http://www.bantacs.com.au – while she is not on the Goldcoast the depth and extent of her knowledge is evident to regular readers.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Elite,

I suggest you get in contact with a good broker and consider exploring the lo/no doc line of products that is available.

There are some good brokers here who regulalry post and I am sure they (if anyone can) would help out.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Ed,

Rapid CG as described by the REA is a thing of the ‘past’ and at a different time. Don’t be seduced by the attractive return achieved by some people in the narrow window of opportunity that existed then.

While this REA ‘did do well’ there are also many others who tried to achieve the same result in other cities that are struggling.

Maybe…[Read more]

Hi Andy,

I suggest you search the ATO website for the CGT guide 2003/04 as there is a whole section (section devoted to assets and marriage break ups.

Stamp duty may also be a consideration – as SD is a state levied tax a search of the relevant Office of State Revenue would be appropriate at this time.

Also suggest a talk to a savvy…[Read more]