On the other hand, floor boards can be slippery (on socks) and could cause an accident. So insurance needs to be kept up to date.[blink]

I…[Read more]

could you expand on the following.

There may also be adverse tax implications.

thanks[biggrin]

Helen

log onto the somersoft web site. Do a search on trusts. I guarantee you will find a heap of information — rather mind boggling at times. [blink] But better to have an idea of the questions you need to ask, than go into a transaction blindly.[blush2]

Regards,
Helen

Regards,
Helen[biggrin]

if you check out the somersoft forum, you will find a long thread on Perth.

Although I haven’t read the thread, I feel sure you will find some useful information there.

Regards,[biggrin]
Helen

just a couple of thoughts re your post.

How large is the apartment you are interested in. Two bedroom/2 bathroom should well and truly exceed 75 square metres — otherwise, you are buying a rabbit warren and not an apartment. I think student accomodation has some problems — what happens during the long summer break. Can you let…[Read more]

Go the grey box on the left hand side of the screen and click on “contact us”.

Helen

your post:
dun think u can get 20 square one bedroom for under 200k, so must be square metre.

It was not my intention to suggest a one bedroom apartment would be 20 squares. I was just querying whether Xquis8 had been given the figures in square metres or metres.[blink]

Looking at the initial post again — $192K for 20 square metres…[Read more]

you posted the following:

The downside to X-Coll, apart from accessing equity and refinancing issues to name a few, is the risk of loosing both properties in the advent of foreclosure, there are certain situations where X-Coll cannot be avoided, but in most cases it can and should be.

If you buy a property and the bank…[Read more]

Maybe you were given the dimensions in squares (different from square metres).

Go back to square one (no pun intended[biggrin])…[Read more]

I think you need to gain some experience in property before starting to pursue development.

Have you purchased any investment property — if you haven’t then perhaps that’s where to start. Or you could consider starting with renovations. That would give you an idea of the type of problems you might encounter (eg coordinating…[Read more]

I would like to respond to a couple of questions you raised.

Quote:
How do I ask a real estate agent about the sales, rental rates and type of developments in the area without being too ‘nosy’ or pushy? Is there a right way of asking for information or? What do you do – how you ask for information?[/quote]

Once you have selected an…[Read more]

So many people contribute and in turn receive advice. I am sure that everyone who logs on gets enormous benefit.

So THANKS STEVE

Regards,
Helen

In terms of a mentor, there have been numerous requests over the months for someone to perform this role. I don’t know if anyone has been successful in securing the services of a mentor.

But my point is this — there is so much knowledge on this forum — it doesn’t really…[Read more]

I am a recent convert to Somersoft.

In my opinion both forums provide excellent advice and support.

I think Somersoft is more attuned to the experienced investor — the depth of knowledge on this forum is awesome. I am truly amazed at the quality of advice meted out by members.

Helen
[biggrin]

That’s the life[biggrin]
Helen

All I can say is GO FOR IT.[biggrin] Be your own person and do what is right for you.

In…[Read more]

Regards,
Helen

check out http://www.propertyexpo.com.au

Helen[biggrin]

could you elaborate on one of the points you made:

I was amazed at the concepts businesses come up with to flog real estate!

Could you outline some of the concepts that amazed you???[blink][blink]

Regards,
Helen

Helen[biggrin]

Helen

so far I have worked out every abbreviation etc with the exception of LOL. In my experience, LOL means either lots of love; or in the industry I used to work in, little old lady.

So shine some light on me[blink]

Helen

I had wanted to cut down on my time on the internet. Oh well …………………..

Regards,
Helen

Remaining with the on site manager for maintenance etc is a good idea; but maybe you should be looking at a more experienced agent to handle the letting side of things.[blink] Why not speak to a few agents specialising in the city area to get a better idea of potential rent.

You noted:
theres a wide range within this building for the same…[Read more]

just add one or two thoughts to assist your decision making.

I have heard it said that one bedroom apartments are the way to go. However, most one bedroom apartments are very small — in this day and age everyone seems to have a computer, a home office or the need to continue their education part time (evenings). So even if a person…[Read more]

in a post you noted:

i have been involved over the last 16 years with developments on that part of the coast i hope my guidence will be of help.

You must proceed with extreem caution and stick to major towns for maxium results like, Darwin, Cairns, Townsville, Airlie

I would be interested in your views on Cairns,…[Read more]

Helen

at this stage I think the only way you can get out of the contract is to prove that you were misled [angry2]– a trade practices matter.

Regarding the unit — I know in another thread you noted that you felt the size of the unit was around 20% smaller than orginally advised to you by CE. Two things — (1)check the contract for a…[Read more]

couldn’t stop laughing.[biggrin]

Helen

read your post with interest. At the moment your situation looks rather gloomy.[8] But I feel there is a silver lining — provided the current demographic shift continues into the CBD and immediate surrounding area. At the moment there is over supply — no one doubts that fact. But as the population increases in size and people…[Read more]

a dumb question. [dunce2]

How does the average person find out about interest rate price movements other than logging onto bank web sites. eg. Stuart, your comment
BankWest at 6.75% (they bought $100m of this money).

is there any way of being kept up to date when “cheap money” is offered.[blush2]

Thanks[cap]

Helen

once again — brilliant information.[biggrin]

Regards,
Helen

No Takers!!!!

C’mon guys[eh] [glum2] [sleepyanim]

Helen[cap]

should have mentioned this in my earlier posting.

You noted:
Is this considered wear and tear or can the costs come out of their bond?

If you allow a smoker to reside in your property, then I believe stench and stains would probably fall within the domain of wear and tear. Why not phone up the Residential Tenancy Tribunal and ask…[Read more]

you posted

Can you discriminate when choosing a tenant based on their smoking or non-smoking habits?

If you elect to have a non smoker, that’s not discrimination (in the true sense). Its really a lifesyle choice that you make. This question is one for the property managers out there. The other issue is how do you enforce a non…[Read more]

I’d second Dale Gatherum-Goss. He is located in Kilsyth — quite a drive, but worth it. There was a recent thread on this forum — do a search. Other accountants were recommended.

Regards,[cap]
Helen

you noted:
I usually call the council for the area I’m thinking of investing and see what info they will send out too. Often this is a bit more current.

Specifically what information do you request? [blink]

Regarding the free data through ABS — what items do you research?[blink]

Regards,
Helen[biggrin]

doesn’t your world extend beyond property.[biggrin]

You need to get a life[oneeyed2] (Just kidding!!!)

Regards,
Helen

agree with you totally that you need to match tenants with the property.[biggrin]

But the balance of your argument has some holes. Just because someone has children or pets doesn’t automatically mean increased damage. It really comes down to being especially careful when selecting tenants for your property. The other thing is regular…[Read more]

Regards,
Helen[biggrin]

Your new book “$10 million property portfolio in 10 years” arrived in the mail today.

A stack of new reading awaits.[upsidedown]

Regards,
Helen

for the link to the somersoft thread. Lots of wonderful information to take on board.

Congratulations — onto the next 20 properties[biggrin]

Regards,
Helen

posted by emcdonald
what a great idea, the only conlflict is the choice of charity. Everyone has certain causes closer to their heart than others (mine’s children) but the idea’s sound. No idea how you would go about setting it up though…

There are so many worthwhile charities that gaining agreement shouldn’t be that difficult[blink].…[Read more]

Nice try[biggrin]

Regards,
Helen

useful information. [biggrin]

Helen

I would agree with Kay’s comments.[biggrin]

Regards,
Helen