Try and find an account that is in tune with property investment and has some Investment Properties themselves.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

I tend to agree with Sanjiv.

Another point to consider with ‘off the plan’ apartments and townhouses is they are notorious for being over priced because the developers build their costs, ads and agents commissions into the price. Also beware of rental guarantees – again; built into the price.

It may be better to look at recent developments near…[Read more]

Have you obtained a Depreciation Schedule for the I.P?

If the I.P was built after 1987 you can claim considerable depreciation on the building, fixtures and fittings.

This is compiled by a Quantity Surveyor, then you give it to your accountant. He/She will apply any ‘on paper’ depreciation claims to your taxable income. It could increase your…[Read more]

Congratulations on deciding to invest.

There are many options, strategies, markets and more importantly; your goals. Are you looking for cap growth only or are you after cashflow as well? They don’t always go together, but the more experience you have, the better you will get at combining the two.

Once you know what you want the areas will start…[Read more]

You’ll probably find that unless they are strata titled the hospital won’t be able to sell them individually – they will have to be sold as one property.

Also, to change the windows would alter the look of the building, and assuming there is a body corp, they would not allow this type of change I believe unless it was approved for every…[Read more]

I am a Destiny client and have been for nearly 4 years (in Melb).

I have found Michael and Laurel Sloan (and the team) excellent. They are very obliging and always at the end of the phone; Michael has even driven to my house (over 1 hour) at times.

They charge for their services of course, but once you sign on as a client there is unlimited and…[Read more]

The expenses you need to work out will include;
Loan interest
Bank, legal, accounting fees
Purchase costs
Finance costs
Rates, water
Insurance (building, contents, public liability and Landlord’s)
Management fees
Maintenance/repairs (accepted figure is 1% of property price – usually less)
Body corp fees (if in units/townhouses etc).

All of these…[Read more]

Well done for looking to take the plunge!

My sister lives in Eaglehawk (suburb of Bendigo); good place.

Another option to consider rather than selling your house is to move out and rent your house out. You will rent somewhere else of course.

You access the equity in your house to fund the purchases of the properties in Bendigo and have your…[Read more]

I have never bought one of these investments as what I keep reading about them frightens me.

First; if they are pitching this development, then they are sales agents for the developers. Their commissions and ads are built into the price of the apartment – you will be paying too much.

What I keep reading is this;
– you will only be able to flip…[Read more]

Originally posted by intriguing:
Here’s one for the synics:

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=103831583&f=0&p=10&t=res&ty=&fmt=&header=&c=61520285&tm=1172637653

I grew up in good old “Deni”. My mother still lives there. Good town, friendly people.

The town is not doing a lot these days – slowly going backwards in…[Read more]

It could be a student accom deal – rent each room individually.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

Excellent post.
great info regarding building projects.
Any info you might have regarding existing properties for our readers?

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

I have a concern;

The product mentioned is another creative way to enable those who wouldn’t normally be able to afford to buy a home to suddenly be able to do so.

For the struggling renters this is good.
For the existing home buyers looking to upgrade this is good.

Overall the demand on housing will continue and keep forcing house prices up,…[Read more]

I shouldn’t be telling anyone this as my little hide-away will be gone forever;

I am from Melb and live in DROMANA on the Mornington Peninsula, an hour south of the city (currently living in L.A until next year). It is beautiful, and far better value than the ‘postcode’ seaside towns of Portsea and Sorrento further down the bay.

I have seen…[Read more]

Originally posted by Pizang:
Thank you for all your thoughts.

But let me ask you this: I certainly don’t deny that being rich means being rich in time. ie having the financial capacity to spend your time the way you want to. But is the financial goal you set for yourselves time related or number related?

For example, Dr.X, what goal are you…[Read more]

This sounds a bit like “mezzanine finance” albeit a small amount Mark.

What sort of security or guarantees can you offer to anyone willing to put up the $30k?

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

There are some people who offer ‘lease to buy’ and ‘wraps’ options for those who wish to buy who are, for whatever reason, unable to obtain finance, or don’t have a deposit etc. These may be options for you to use to buy a property, but it will involve you living there and paying rent/mortgage payments for a while.

You could ask your parents to…[Read more]

Originally posted by komari:
I have been cold canvassed by Global Land Bank about purchasing shares in a consortium buying undeveloped land in Chestershire in UK. Has anyone heard of them? – good bad or indifferent, I don’t care.

Many thanks,
Kylie.

komari

There has been a lot of comment about a Land Banking scam by a guy named Steven Jeeves…[Read more]

A quick guesstimate can be made from looking at the land plots for sale (if any) near where you are looking, on realestate.com.au.

Land prices vary enormously from area to area.

The agent probably said he/she would be ‘only guessing’ because he felt that you were only making an enquiry about values and that maybe there was no sale in it for…[Read more]

Off on a tangent…

Anonymous quote;

“success is – falling over 100 times and getting up 101”

I love it.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”