Members & Visitors Online Right Now: 71
  • Ethan Timor started the topic Murwillumbah – Property Investors Networking Group (PING) Meeting – Tuesday 21/3 in the forum Heads Up! 1 day, 23 hours ago

    Hi All,

    Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.

    Three key speakers in this meeting:

    1 – “The Big Picture” (macro/wide-angle stuff):

    Thomas Keily, a former RBA (Reserve Bank of…[Read more]

  • Ethan Timor started the topic Murwillumbah – Property Investors Networking Group (PING) Meeting – Tuesday 21/3 in the forum Heads Up! 1 day, 23 hours ago

    Hi All,

    Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.

    Three key speakers in this meeting:

    1 – “The Big Picture” (macro/wide-angle stuff):

    Thomas Keily, a former RBA (Reserve Bank of…[Read more]

  • Ethan Timor started the topic Murwillumbah – Property Investors Networking Group (PING) Meeting – Tuesday 21/3 in the forum Heads Up! 1 day, 23 hours ago

    Hi All,

    Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.

    Three key speakers in this meeting:

    1 – “The Big Picture” (macro/wide-angle stuff):

    Thomas Keily, a former RBA (Reserve Bank of…[Read more]

  • Ethan Timor replied to the topic Levies have not paid on time, huge interest rate and debt recovery fee charge in the forum Help Needed! 4 days, 15 hours ago

    I really don’t know. People have changed laws in the past via many ways (from social/public demand to lobbying to protesting to pationing). It’s worth noting that even if the law changes, it probably won’t change in arrears, just for future cases but if you strongly feel it’s unjust and want to change it, maybe contact your local politicians…[Read more]

  • Ethan Timor replied to the topic Sale of a leashold motel -Go with a General authority OR an Exclusive Authority? in the forum Commercial Property 4 days, 15 hours ago

    Are they both the same in all aspects? (marketing, commission, reputation etc)

    If so, maybe see if one of them is happy to offer better terms for exclusivity? I would cap that for 3 months and if it’s not sold by then, give it to the other agent as well.

    Does this sound like an option?

    Best wishes!
    Ethan

  • Ethan Timor replied to the topic ANZ OO Interest Only LVRs in the forum Finance 4 days, 15 hours ago

    Yep, what the bigs are dropping, the smaller ones are picking up. Saw an article recently that also non-residents moved from the big 4 to smaller lenders so overall their % in the market is about the same as it was before…

  • Ethan Timor replied to the topic Salary Sacrifice and Trust Distribution (as Income) in the forum Finance 4 days, 15 hours ago

    Should be fine. Your broker will surely be able to match you with the right lender 👍😎

  • Ethan Timor replied to the topic Looking for JV partner to execute splitter block deals. in the forum Creative Investing 4 days, 16 hours ago

    I reckon 10% is a low profit margin…

  • Ethan Timor replied to the topic Please help, unethical real estate agent in the forum Help Needed! 4 days, 16 hours ago

    My understanding is that only when a contract has been exchanged, it becomes binding (conditions apply if specified, usually building, pest and finance).

    If the buyer is concerned, their solicitor can contact the vendor’s solicitor and ask for updates on when the exchange can take place. It is possible to apply pressure on the vendor with a…[Read more]

  • Ethan Timor replied to the topic Levies have not paid on time, huge interest rate and debt recovery fee charge in the forum Help Needed! 5 days, 14 hours ago

    I don’t know the law but I would check with the tribunal in your state and/or a solicitor that specialises in such matters. If the law is on your side, they should be able to help. If it’s not on your side, then you could try to change the law.

  • Ethan Timor replied to the topic Need advice on property settlement issues in the forum Help Needed! 5 days, 15 hours ago

    Wow, what a story 😱

    Doesn’t sound right to me that a wrong UE and smaller car park can be delivered without recourse. I would get another legal opinion and/or the tribunal in your state.

    Will be interested to hear how this turned out.

    Good luck! 💪👍👊

  • Ethan Timor replied to the topic Seeking property lawyer/solicitor Sydney in the forum Legal & Accounting 5 days, 15 hours ago

    I would give @terryw a go 👍😎

  • Ethan Timor replied to the topic Why Negative gearing will not change in the forum General Property 1 week, 4 days ago

    Interesting!

    So unlike in Australia, in the USA, negative gearing is limited to offsetting income from other passive streams, not from all streams.

    Also, the system is more geared to helping OO by letting them deduct their PPOR mortgage! (Super cool for OO!)

    But CGT exception is limited to $250k when selling PPOR, not the entire gain like…[Read more]

  • Ethan Timor replied to the topic Where to start? in the forum Help Needed! 1 week, 5 days ago

    Hey mate,

    Totally agree that the step that needs to be taken, in order to avoid long waits for the market to raise the value of the IP, is to manufacture growth somehow (reno, subdivide etc). This creates very quick equity that you can use towards the next purchase 👍😎

    No real risk to sign a conditional contract as you’ll get your deposit back if…[Read more]

  • Ethan Timor replied to the topic Why Negative gearing will not change in the forum General Property 1 week, 5 days ago

    Cheers, mate, appreciate your reply 👍😎

    My 2c are below.

    across the board is not accurate, IMHO.

    Wikipedia: “In principal the USA Federal tax does not allow the transfer of income streams. In general, you can only deduct expenses of renting property from your rental income, however there are exceptions to this restriction.”

    The counter…[Read more]

  • Ethan Timor replied to the topic Where to invest in 2017 for first tme investors in the forum Help Needed! 1 week, 6 days ago

    Sure thing, happy to help 👍😎

    Where are you based?

  • Ethan Timor replied to the topic Why Negative gearing will not change in the forum General Property 1 week, 6 days ago

    I see where you’re coming from. I would be interested to know how do you explain the fact that Australia is one of the only countries in the world to have negative gearing and still property investing is nonetheless common and financially rewarding in most of the countries?

  • Ethan Timor replied to the topic Ideas for Cooking Area Renovation in the forum Value Adding 1 week, 6 days ago

    Never worked with one but my guess is that if you could fit a rangehood above it, it might do the trick? Are you DYI or have tradies to consult?

  • Ethan Timor replied to the topic Where to start? in the forum Help Needed! 1 week, 6 days ago

    Hi Simon,

    Welcome aboard! 😎

    Quick question: you said that you want to build a portfolio and have circa $80k to invest.

    Let’s say you use that money to buy a CF- property. Then what? You wait until it goes up in value enough to be refinanced so you could buy another? That could take a very long time…

  • Ethan Timor replied to the topic Stuck…need help in the forum Help Needed! 1 week, 6 days ago

    CF+ is great for cashflow but wealth is with capital growth.

    Could you elaborate on your current strategy? Ok, so you buy x properties that are CF+, then what? Sit and wait for the low capital growth to bring you to a point where you could refinance and buy another property? That could take a very long time… 😁

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