If a company has been spotted by Neil's radar;  you know it's dodgy.Send him a private email and ask some questions. He is most obliging and will tell you what he knows.

I didn't think the market in N.S.W was going well enough to worry about better offers. Maybe things are turning over there?In any case; it's irrelevent. If you are buying as an investment then you are buying on the numbers, right?If someone offers more than you, they are either buying for their PPoR, or investors who can't crunch numbers as good…[Read more]

The PURPOSE of the loan dictates whether you can claim the interest on the loan or not, and the A.T.O can be tough on those who get it wrong.You can claim the interest if it is used for investment purposes, but not if it is used for personal purposes such as holidays, cars, renos on your PPoR etc. If you use your PPoR as an I.P, then the renos…[Read more]

Yes, that is correct. The advantage of this strategy is it gives you extra cashflow now. If you pour that money straight back into your loan, or use it to minimse your personal debt, it will save you considerable interest on your loans over the future years.Basically, you receive your tax return weekly instead of in one lump sum at the end of the…[Read more]

We ran a B&B for a few years in Red Hill, about an hour south of Melb. I'm not sure about other states' rules, but in Vic we had to follow a few basic guidlines. It was surprisingly easy. You don't need lawyers to get started. Ring the local council and tell them of your plans. They will send out an inspector to view the property and let you k…[Read more]

I don't know what  State you're in, but in Vic the standard procedure is the Vendor's solicitor asks the buyer (usually through their solicitor) if they would allow the deposit to be released early. The early release of deposits is never part of the Contract of Sale, but can be requested separately after the deposit has been deposited and the…[Read more]

I would:- 1. Use the cash to fund a building on the land.2. Then rent out the completed property to tenants.3. Depreciation and other "on paper" deductions will be high for tax returns.4. Rent a house for yourself.5. Use equity in the I.P to fund other investments – business or another I.P.6. Repeat.

Sorry to say, but this method of calculating potential properties was relevant when Steve first started out back in Ballarat, but not now. You have to look below the surface these day. Find "add value" properties and ones that have very high depreciation deductions. This means start with only looking at older properties that have been recently…[Read more]

Try Morrell and Koren. They have a website, and there work is top rate. I have watched David Morrell in action at an auction. Excellent.They usually only operate at the top end of price range, but it won't hurt to ask.

I have to agree with Duckster on this (sorry Michael);We have an I.P in Central "Frangers", and my sister-in-law bought a house in "The Pines" (north Frankston) in 2002 and has doubled her money.I believe that with the infrastructure there, plus with the Eastlink coming up, and the fact that houses are still very cheap even after the recent…[Read more]

Sorry Mat,but in Aus you have to submit tax returns every year, and any sales of investments have to be declared, and you pay tax or get back some tax depending on your position.You cannot defer tax through a broker.In the USA they have what is called a "1031 Exchange", where you can keep deferring the tax owed on cap gains by reinvesting the…[Read more]

Some people put the top dollar price on their house and wait for a bunny to come along. These people don't need to sell, but will if someone pays what they ask.If the agents had any business ethics they would tell that vendor they are being ridiculous and not take the listing.

Start to study the markets as of NOW,Get educated,Live off the smell of a dried out oily rag,Save like Hell, Be ready next year.

Hey Richard,which lenders consider 100% of the rent for servicability?I'm with St.G and they do 80%. I'm happy with them, but it would be good to know the others for future attacks.Which reminds me; I've got a glass of chardonnay I need to attack right now.

My ideal property; is a combination of cashflow, cap growth and ability to add value. I look for these factors:1. must be built after 1987 (for depreciation); you can also buy an older, renovated property which will still have dpereciation benefits, but I prefer newer, un-renoed for better purchase price.2. purchase at or below market (not su…[Read more]

Well done Yossarian and Milly;I thought it was just me that was being harsh, and thinking the whole thing is a scam. It has that "Amway" or "born again" feel about it I believe. Makes you wanna run a mile.Is Anthony Robbins hiding in the wings somewhere? sheesh!

I don't think Neil has his hand on it; you might say he is unusual; and that goes hand in hand with the fact that he is the only real estate agent out there trying to warn the public about the shonky agents' practices – which other agent would do that?I follow Neil's website regularly. I am a fan, but of course; like everyone; he has his agenda…[Read more]

I'm not sure what your question is Mark;are you wondering if the market is flat, or experiencing a correction etc, or are you asking why you can't borrow more than $300k?The answer to the first part is ; it depends where you look. There are several places around Aus that are booming, despite what the media says.The answer to the second part may…[Read more]

An interest free loan.No such thing – especially from a bank. Their business is money – making it and they are very good at it.

Hey Richard;is that 18 posts, 18 business ads?