Thanks for your comments JL.It seems to be the same with all roofing companies.  I have never struck it before with other trades. But I have obtained quotes from a few roofing companies and they are all the same.   What I was worried about was signing and then not being able to withhold any payments if they don't do the job as they should or if th…[Read more]

Hi McNatt I have a situation where a recent storm caused damage on the roof and gutters which resulted in flooding in the house and I lost some of the carpet as well.   The insurance company will not pay up for any damage on the roof, gutters, or inside the house.     Insurance Companies!!!!  – we have been paying for 30 years and getting nothing…[Read more]

I hear its a great program and splitting the costs with someone would be a great bonus to all of the great things we will be learning.

HiredGoon.  You sound like you are living up to your namesake.   GET REAL  mate The Landlord owns the property, and has every right to choose as wisely as possible to reduce any risk.You obviously have not been in a position where your life savings have been invested in a property where tenants have wrecked the place.      And having been a tenan…[Read more]

Nonnieif they actually help you with assessing the property that you are selecting then I think that is a great help.  Although you do have to be mindful that you and not the consultant, is making the final decision of to buy or not to buy.   Having someone to help you assess your selection sounds great to me.I think I would be seriously co…[Read more]

BendbanksThe tenants from hell are one thing that worries me. If I could check a database then that would ease my concerns.how does it work?  Do you have to be a member of these websites or do they charge one off fees?How does a private landlord get to use the databases?Jules

Hi bendbanksTenants from hell is one thing I am really worried about.  Checking a database would ease my concerns for sure.How does it work??Surely a private landlord can't just log in and do a search.  is there a fee or membership required on these web sites?Jules

NonnieYes I agree about the Results program, although I understand it is a great program, but if you are comparing pricesand what benefits/services you will receive, then I guess the Destiny one may stack up for you.I have checked the software tool used for financial analysis that Destiny sell and it looks quite good.  Do they also source pr…[Read more]

Hi Nonnie Have you compared the price and benefits to you from the Destiny Program with that of the Results Program?Would like to hear what your view is.Jules

I agree with L.A.Aussie.You can put down any amount you want to for a deposit.  So don't let the agent control the situation.

I agree. I have thought about the Investor Club as well, but I have heard the properties they sell are a little overpriced.   So look into it carefully before you jump in.  I guess if you will have a long time in the market – it may eventually pay off.Jules

I recall staying at my relatives house, which was right opposite the train line. Everyone in the family loved staying at the house, and didn’t even notice the noise from the trains. Except for the odd steam engine that would go past, but it was a great event rather than an intrusion. So it depends on who your tenants are. On the other…[Read more]

I recall reading somewhere if the buyer purchases in good faith then in some circumstances the buyer can retain the goods, but I thought there was another circumstance in fraudulent transactions such as these, where because there was a fraud then good title could not transfer to the new buyer and the new buyer had to return the goods to the…[Read more]

Wow am I glad I read this. I was thinking about joining the Club and purchasing a property or two through them. Thanks to your candor on this forum you may have saved me time and money

thanks
[angel]

thanks for your contribution manofaction
I have now taken further action you may be interested in. I have reviewed two software packages – trial versons- and also reviewed them against Investment Detective,

I found Investment Detective quite good for Cash on Cash Return, and reliable on its stats. The screen is the easiest to follow and allows…[Read more]

I have already purchased Investment Detective but find I need something a bit more flexible and detailed.

Thanks for other suggestions
Will have a look at Somerset

Uh Oh. See this response on another CGT question in this forum. Here was the answer from 007which may apply to your situation.

He states

“If it’s an IP and you have had it for more than 12 months and it’s not held in a company, then you are entitled to 50% discount on your CG.””

Just to clarify the period of time you hold the asset is not the…[Read more]

I would have thought it would be from settlement date. But I am not sure.

Someone with more experience that I may be able to answer.
You could also contact the Tax Office with your query.

Jules[angel]

Thankyou Derek

HI
I think you should start off on the right foot, if you want a future in real estate investing. Find a good accountant to help you get started. Look in the phone book or contact one in your local area.

Tell the accountant your situation and get some good advice. Don’t forget to write down any pressing questions and take them to the first…[Read more]