Hi WAF,

If you want the property I would be surprised if you are locked in as the building is ‘technically illegal.’

As such the vendor may be willing to renogiate and then you should include one of your ‘new’ conditions subject to shire providing the necessary building approval at vendors expense?

Derek
derekjones1@bigpond.com

Property…[Read more]

Hi Daaussie,

At 20 m2 you will find that few (if any) lenders will do the standard 80% lend on these as they consider the ‘risks’ too high for their money. You will need to realise that the amount of equity they use may negate any cashflow (or growth) benefits you seek or achieve.

These places generally are more suited to an investor who has…[Read more]

Hi Mrssimba,

I believe that there is no such thing as a ‘perfect property’ but there is property that meets your key (non-negotiable) needs.

As such you need to identify the questions you want answers to and when you get the answers you need – you then have a property that suits you.

At the end of the day proeprty is not a risk free investment…[Read more]

Hi James,

For me – Interest only while I have non-deductible debt. I’ll reconsider my options when this is paid out.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by Monopoly:

Ummm….that is your repayments will stay the same if you have an Interest Only loan, but if you are contributing to the principal (along the way) – your repayments should lessen (again, assuming interest rates are steady).

Jo
[/quote]

Hi Jo,

While the interest portion of the payment will decrease, and principle…[Read more]

Hi Marc,

I have briefly skimmed the thread and apologies if I missed the relevant bit – but is the fact your daughter doesn’t have a ‘house’ an issue for them or you?

It may be they are blissfully happy doing what they are doing anyway and don’t want your assistance.

On the other hand maybe they are being ‘stubborn’ and are regretting not…[Read more]

Hi Gatsby,

It is certainly time to get a new accountant.

Provided the property was available for rent you are entitled to claim any costs incurred during that period. For example you own a property for the full financial year but could only find a tenant for 6 months despite it being available for rent.

Under these circumstances you could claim…[Read more]

Hi Fjficm,

Not an accountant so disclaimers apply.

The following items are claimable over five years or the life of the loan – whichever is shortest.

Loan establishment fees, search fees, loan stamp duty, mortgage insurance (if applicable) bank admin fees and mortgage registration fees.

Land stamp duty is offset against capital gans…[Read more]

Hi Gatsby (and others),

You will need to provide me with your email address – PM me and I’ll send the contents pages (4of) through in PDF format.

I am not sure if it just me but I haven’t worked out how to make attachments to PMs or forum originated emails.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never…[Read more]

Originally posted by Ibuycashflow:
Thanks Derek for your thoughtful input but alas no, I’m not working the Pub – I’d be drinking the profits.

Not a problem – I know that many people love working behind a bar – but for me all I can imagine is drunken version of myself (who makes little sense on a good day) on the other side of the bar.

Bar work…[Read more]

Hi Devil,

Give Deppro a call. They have an office in South Perth and can be contacted on 9368 8783.

Discuss your options with the Deppro and they will give you a definitive answer about the ‘value’ in getting a QS done on your properties.

I think you will be pleasantly surprised anyway. All ‘chattels’ have a value at purchase and as such these…[Read more]

Hi Zimonya,

Trust Magic and Tax Battles are usually $99/each but can be bought for $168 as a ‘package’ via Dale’s website http://www.gatherumgoss.com

Either way it is money well spent and will prove to be an ‘investment’ over time.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi IBC,

Are you working the pub too?

If so you need to consider this side of the equation in conjunction with the ‘financials’.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by waz11:
Hi,
a little town 30 minutes away from a major city in QLD,

Waz11

Hi Waz,

I wouldn’t get too excited about the possibility of building units – 30 minutes away (as timed by the REA) could be up around 50kms in between houses and regional city.

I reckon you could fit lots of land in 50…[Read more]

Hi Nathan,

Without knowing where you are talking about – you need to remember that cheap does not necessarily equal good.

As Newgen indicated there are shires in wheatbelt WA communities that have been giving away blocks of land from time to time in an effort to stop the declining population. Some of these deals are undersubscribed.

The advent…[Read more]

Originally posted by Marisa:

Mt Lawley great area, and would recommend to buy in this area, as always seems to do well regardless. I should know I live in the area.

Hi Marisa,

This one nearly got through to the wicket keeper without a tickle.

Mt Lawley a solid suburb and some detailed research shows……………………………

30 year…[Read more]

Hi Waz,

So many things to consder and so little information given.

Rezoning, council plans for the area, flood zones, towns prospects long medium and short term, schools, major roads, quality of construction, pest inspections, are the pictures the property, are the photo angles deliberately chosen to hide the abbatoir next door and what’s over…[Read more]

Hi Nandos,

Based on your comments it would seem that it is your apparent (or real) lack of knowledge is what is really holding you up.

Sounds daunting but an increased knowledge level will provide you with capacity to detect bullshit so that you can see and hear the wolf in sheep’s clothing. As such this will help you to identify those who you…[Read more]

Hi Richard,

I suggest you conduct a thorough anaylsis of the area to see what other similar properties are selling for. This will give you an indication as to what the wider market thinks the property is ‘worth’.

Armed with this information attend the next home open make a thorough inspection of all nooks and crannies while at all time…[Read more]

Hi Daaj,

The umpires are still deliberating – there decision was due (anticipated?) to be handed down in May of this year.

If this is still the case then we should hear somethig shortly.

If the ATO loses their appeal stand by for some massive rejigging of mortgages and the release of new banking products in line with the decision.

But for now…[Read more]