PropertyInvesting.com | Linar | Activity https://www.propertyinvesting.com/members/linar/activity/ Activity feed for Linar. Sat, 11 Apr 2026 11:59:00 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5ca873159c85dd6a35c059e051444727 Linar replied to the topic Buyers Agents Reviews in the forum Help Needed! https://www.propertyinvesting.com/topic/4401518-buyers-agents-reviews/#post-4634134 Wed, 20 Oct 2010 01:26:14 +0000 Charles 1 wrote:
Have you checked out Metropole – they always seem to be mentioned and always good feedback: http://www.sydneybuyersagent.com.au/ It's a hard decision isn't it – what criteria are you using to chose the buyers agent you will use?

Be wary about using Metropole.  They also sell their own properties so if you do decided to use…[Read more]

]]> e322dbbc0934b6814d1c6301bdc2657a Linar replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634060 Fri, 15 Oct 2010 10:13:48 +0000 Phew.  I happily stand corrected.  Based on your original post, I assumed that you wanted to borrow $3mil to buy the property.What I do stand by though, is my opinion that if six lenders don't want to lend you the money, there is obviously a real risk situation.  Do you really need the money?  If you do, and you have someone prepared to lend you…[Read more]

]]> a48340ad80fd767eda1d0a4b9ea5cccb Linar replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634057 Fri, 15 Oct 2010 04:08:33 +0000 Surely you are joking.  But on the basis you aren't.  Here is my opinion.  Call me harsh, but I would be listening to what the banks are saying.  If  six financial institutions have rejected your application, maybe its time to rethink your plan.A $3mill loan, at even 7% will mean an annual interest payment of $210,000 without paying off any prin…[Read more]

]]> ffdd856e930618e9c3c98d0876185663 Linar replied to the topic Purchasing property - Trusts - Discretionary vs Hybrid vs Own name in the forum Help Needed! https://www.propertyinvesting.com/topic/4401452-purchasing-property-trusts-discretionary-vs-hybrid-vs-own-name/#post-4633745 Sun, 10 Oct 2010 10:19:06 +0000 It is very difficult to get lending for a hybrid trust.  Or at least it was a couple of years ago.  Some of the mortgage brokers may want to comment on this.  CheersK

]]> 6ab66876459ce6802addf7d45b5c608a Linar replied to the topic painting tiles in the forum Value Adding https://www.propertyinvesting.com/topic/4401345-painting-tiles-4/#post-4632725 Thu, 07 Oct 2010 10:40:54 +0000 Solomon10 wrote:
Linar, it would of been cheaper to re tile the area than paint it to "save money"….. Just a thought.

No it wouldn't.  A tiler charges a minimum of $40 per square metre.  On top of that would be the cost of the tiles and grout and the labour for removing the tiles and prepping the surface.  There would have been extra costs fo…[Read more]

]]> f9b00dddf0f78d1189f98cccf99cc40a Linar replied to the topic Technicalities of contracts for getting a home loan in the forum Finance https://www.propertyinvesting.com/topic/4401369-technicalities-of-contracts-for-getting-a-home-loan/#post-4633277 Wed, 06 Oct 2010 06:13:20 +0000 I would imagine that if you stopped "helping" the bank by refusing to try to sort out the credit card issue, they would eventually reject your finance application.  It depends on why the bank is not yet approving the loan, but if they bank is waiting on you to do something about the credit card, then just don't do it.CheersK

]]> 242d7b1e77fc44c735ed04065bd0e9c3 Linar replied to the topic painting tiles in the forum Value Adding https://www.propertyinvesting.com/topic/4401345-painting-tiles-4/#post-4632723 Wed, 06 Oct 2010 02:52:05 +0000 I've answered my own question by going out and actually painting the tiles.  I used White Knight Tile paint on the splashback in the kitchen.  It is a three step process, all using White Knight products; cleaner, primer and then paint.  I'm really happy with the result.  I changed the colour from a cream to a bright apple green and it looks fan…[Read more]

]]> 83cda536799b3847caaa0787b00e7c3b Linar replied to the topic Wanting to run some things by you :) in the forum General Property https://www.propertyinvesting.com/topic/4401206-wanting-to-run-some-things-by-you/#post-4631921 Wed, 15 Sep 2010 05:22:07 +0000 In this market I would want to see a minimum 25% return on total investment before I would consider buying a development site.  If, for example, TOTAL costs for a development were $1mil (including land, stamp duty, conveyancing, building, interest payments, REA fees etc etc) then my total profit after all expenses would need to be $250,000.One…[Read more]

]]> 69990a1ff3519442bc4d6cdbe7499b50 Linar replied to the topic Set up a Family Trust or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401068-set-up-a-family-trust-or-not/page/2/#post-4631046 Wed, 08 Sep 2010 03:50:04 +0000 dreamteam wrote:
Has anyone out there set up a Trust and discovered they could NOT borrow any more than as an individual?

I am finding it quite difficult to borrow in the name of my family trust, despite the trust paying significant distributions every year since 2004.  I am finding it much easier to borrow either in my name or through my…[Read more]

]]> 50f76f67ee4e761668158bb69861867c Linar replied to the topic developing land in the forum Help Needed! https://www.propertyinvesting.com/topic/4401122-developing-land/#post-4631399 Wed, 08 Sep 2010 03:46:11 +0000 I am a developer and even though I am not interested in this proposed deal, these are the sort of questions I would want answers to before I even considered looking at a deal1.  What would be the financial contribution from me for the land2.  Can the land be subdivided3.  If so, what size blocks would be most saleable in the area4.  What would the…[Read more]

]]> d9527772ad4dd9f9989758e93dff97ca Linar replied to the topic Bank valuations and GST in the forum Finance https://www.propertyinvesting.com/topic/4401066-bank-valuations-and-gst/#post-4631017 Tue, 07 Sep 2010 11:57:18 +0000 It all turned out with a relatively happy ending.  After writing a three page letter pointing out how ridiculous it was to reduce the overall value for the reasons they have given, the bank has agreed that they have enough security in the property to proceed with the original loan.CheersK

]]> 7e20deb553497b023d8b6c4b718e3aaf Linar replied to the topic 200 acres in the forum Help Needed! https://www.propertyinvesting.com/topic/4401120-200-acres/#post-4631380 Tue, 07 Sep 2010 11:52:30 +0000 You will also need to contact the local council to find out whether you can build two houses on the one title.  I live in a rural "watershed" area in SA and the local council won't allow more than one dwelling on each title, no matter how big the land is.CheersK

]]> ebd4e5943abac01b3e9ced30ce4fc257 Linar replied to the topic how long to wait for a counter offer from vendor in the forum Help Needed! https://www.propertyinvesting.com/topic/4401090-how-long-to-wait-for-a-counter-offer-from-vendor/#post-4631191 Thu, 02 Sep 2010 09:08:30 +0000 You don't make any further offers until you have heard back about your first offer.  As soon as you put in another offer without hearing about the first offer, you weaken your position and could make the vendor think that you have even more money.The vendor (or the bank in this case) has three choices, either to accept your offer, reject your…[Read more]

]]> ad7f74340c1547833c25fc745ce601ad Linar replied to the topic Bank valuations and GST in the forum Finance https://www.propertyinvesting.com/topic/4401066-bank-valuations-and-gst/#post-4631016 Wed, 01 Sep 2010 08:34:48 +0000 Hi BankerI have a copy of the valuation and it clearly states that the value of each block is reduced by 10% because my company will be paying GST on the sale of each block.  But what you are saying makes sense and I wonder whether the valuer has excluded the GST component because that is what would be done on a valuation for purchases.  Either t…[Read more]

]]> a805a4da6cc0e8db65f18e5fbfb17161 Linar replied to the topic Bank valuations and GST in the forum Finance https://www.propertyinvesting.com/topic/4401066-bank-valuations-and-gst/#post-4631014 Wed, 01 Sep 2010 06:36:23 +0000 It turns out that the market valuation was higher than I thought but because of my company, the total value was reduced by 10% because of the GST I would have to pay.  Then the total reduced value was then reduced by a further 20% to make it an "in line" valuation, that is, the proposed value if the bank had to do a fire sale.  That makes the fi…[Read more]

]]> e6a28561d57997b8e1b5e12d93f7970b Linar replied to the topic Conflict of interest.. in the forum Creative Investing https://www.propertyinvesting.com/topic/4401034-conflict-of-interest-3/#post-4630892 Sat, 28 Aug 2010 11:28:22 +0000 Yes, as long as you can prove, if required, that they have charged an appropriate fee.  And appropriate fee would be market rate.K

]]> c54975af58d1dc0fb04bb9025a65ae4d Linar replied to the topic ANZ Increases LVRs in the forum Finance https://www.propertyinvesting.com/topic/4401006-anz-increases-lvrs/#post-4630700 Thu, 26 Aug 2010 09:48:44 +0000 Hi BankerCare to share which lender offered the refinance deal?K

]]> fa66d9723c76abf93d7efcd6a4aaa1ff Linar replied to the topic should i stay with the same bank? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400992-should-i-stay-with-the-same-bank/#post-4630620 Wed, 25 Aug 2010 03:59:37 +0000 I go wherever the money is.  No bank loyalty here.K

]]> 55dd50cf557a97ea4bcdecc835961779 Linar replied to the topic Off-Plan property approaching settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4400989-off-plan-property-approaching-settlement/#post-4630612 Wed, 25 Aug 2010 03:57:26 +0000 I agree with Terry.  If the value of the apartment has dropped you could be up for a lot more than just the 10%.I think you should go and see a solicitor and see if there is a way out of the contract.  Did you know at the time you signed the contract that several apartments could be used for "holiday letting"?  Would you have bought the ap…[Read more]

]]> f71a3ae07a04aac41f8692523c09fbaa Linar replied to the topic How do I increase cheap rental to market value in a block of flats I am buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400986-how-do-i-increase-cheap-rental-to-market-value-in-a-block-of-flats-i-am-buying/#post-4630604 Wed, 25 Aug 2010 01:19:52 +0000 In some states you can't buy with vacant possession.  You have to take over the leases until the leases expire.  I don't know what the situation is in Tasmania.How desirable is the area for rental?  Would it be easy to get tenants at $200 pw?  If hiking up the rent by so much means that potentially you will have trouble getting tenants, it may be…[Read more]

]]> 6d44aed4c9e857480887748fc6696b36 Linar replied to the topic Estate planning and setting up will - where to go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400917-estate-planning-and-setting-up-will-where-to-go/#post-4630080 Thu, 19 Aug 2010 05:29:25 +0000 The NSW Trustee will remove all estate decisions from your family and will charge a quite high percentage to administer.  Just get any local solicitor to draw up a will. Most solicitors do this.  Just look in the Yellow Pages.CheersK

]]> 5c0f4f26f029b20fb81809b2c2f22329 Linar replied to the topic Is landlord liable for tenants who complain the slippery tiles and drive - way in a raining day? in the forum General Property https://www.propertyinvesting.com/topic/4400872-is-landlord-liable-for-tenants-who-complain-the-slippery-tiles-and-drive-way-in-a-raining-day/#post-4629861 Thu, 19 Aug 2010 03:37:17 +0000 Unfortunately insurance will not necessarily protect you.  If an accident is found to have been caused by your negligence, then, while the insurance company will pay out on that, the insurance company can then lodge a claim against you to recover their losses.Best to sort out your legal responsibilities as soon as the tenant notifies you of a…[Read more]

]]> 61c7c68cf1411823b0aabc50a252f758 Linar replied to the topic PIGS for Chicks in Perth in the forum Heads Up! https://www.propertyinvesting.com/topic/4400891-pigs-for-chicks-in-perth/#post-4629957 Wed, 18 Aug 2010 01:25:50 +0000 I've got to say, I think that  "PIG's for Chicks" is a terrible name for a group.  It just diminishes the merit of what you are all trying to achieve.  It is hard enough for women to get out there and set up a property portfolio, without having a silly name for you all as a group.  You are not "chicks"; you are women, undertaking a very ser…[Read more]

]]> 1ebde6cca463b9f7fe3bc730b7e4c2eb Linar replied to the topic Take control of negotiations when buying. Get a better price! in the forum Help Needed! https://www.propertyinvesting.com/topic/4400902-take-control-of-negotiations-when-buying-get-a-better-price/#post-4629997 Wed, 18 Aug 2010 01:14:01 +0000 Sounds like an excellent strategy to me.K

]]> 5ea65f7ec4c0aa7dde81f922d84e83b9 Linar replied to the topic Caveat on Title in the forum Help Needed! https://www.propertyinvesting.com/topic/4400883-caveat-on-title/#post-4629918 Wed, 18 Aug 2010 01:12:23 +0000 Lodging a caveat over a property you have signed a contract to buy is a step that has been recommended by lawyers for years.  As Terry says, a caveat means that a vendor can't then do anything to the property between you signing the contract and settlement without getting your permission.  From a legal point of view, it is a good idea because it…[Read more]

]]> 8eaea4551c2a15e09123412121985332 Linar replied to the topic Is landlord liable for tenants who complain the slippery tiles and drive - way in a raining day? in the forum General Property https://www.propertyinvesting.com/topic/4400872-is-landlord-liable-for-tenants-who-complain-the-slippery-tiles-and-drive-way-in-a-raining-day/#post-4629859 Wed, 18 Aug 2010 01:03:40 +0000 It's a very complex formula that courts use when determining whether a landlord is liable for injuries suffered by a tenant.  Some of the issues are: whether the landlord knew (which you do), how easy it is to rectify the problem, the cost of rectifying the problem, whether it is the sort of problem that a landlord would expect to rectify (for…[Read more]

]]> 95b4502dbbb151a0f6366d6b7744a7d2 Linar replied to the topic Is it legal to making Offer and Acceptance like this? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400904-is-it-legal-to-making-offer-and-acceptance-like-this/#post-4630026 Wed, 18 Aug 2010 00:58:46 +0000 It's standard practics in NT too.  Action-figure, are you using a conveyancer?  I would definitely recommend using either a conveyancer or solicitor.  It's not worth doing it on your own just to save a few hundred dollars.

]]> 107306b73ac3d28184dfc419de747d40 Linar replied to the topic why does everyone want to retire at 40??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399778-why-does-everyone-want-to-retire-at-40/#post-4623532 Fri, 13 Aug 2010 06:47:30 +0000 Hi JamesWe could have used property investing alone to provide cashflow.  We had close to 20 properties at one stage, all positively geared and we could have lived off the rents, which were skyrocketing in the area that we invested.But we liked are both far too young to retire properly and made the decision to sell the properties and throw the…[Read more]

]]> 531cc2b51ec4e9f185b9a70e3bfb323f Linar replied to the topic Is it right time for propety investment in the forum General Property https://www.propertyinvesting.com/topic/4400813-is-it-right-time-for-propety-investment/#post-4629526 Thu, 12 Aug 2010 09:47:19 +0000 It's always a good time to buy property.

]]> 72d28d631fd1c36bd73236abe8fae22b Linar replied to the topic Legal Advice Please in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400853-legal-advice-please/#post-4629736 Thu, 12 Aug 2010 05:38:59 +0000 That's a very interesting question.  Since the GFC when properties are getting harder to sell, this issue has become far more common, with vendors asking for evidence of inability to get finance.  During the boom, it wouldn't have mattered as the vendor could just put the property back on the market, but it is not so easy to sell these days to v…[Read more]

]]> dea7e1063eb9905f4d0d05ecb7499767 Linar replied to the topic Which is a Better Magazine? Australian Property Investor or Your Property Investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400846-which-is-a-better-magazine-australian-property-investor-or-your-property-investment/#post-4629691 Wed, 11 Aug 2010 21:45:12 +0000 I think they are both much of a muchness.  I get API only because I have been getting it for years.K

]]> 260c5ba15f0ab8f1f3b96d8922fe5b90 Linar replied to the topic Property Development / Subdivision Company in Adelaide in the forum Value Adding https://www.propertyinvesting.com/topic/4400819-property-development-subdivision-company-in-adelaide/#post-4629549 Wed, 11 Aug 2010 10:50:22 +0000 Hi AndrewWe are all looking for that property!!K

]]> e5242e328dc854b911d2066d6938e3cb Linar replied to the topic why does everyone want to retire at 40??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399778-why-does-everyone-want-to-retire-at-40/#post-4623527 Wed, 11 Aug 2010 04:40:26 +0000 JamesSampson wrote:
If your 30 and you want to retire at 40, property on its own just wont do it for you, unless you have the capital to go out and buy 15 places very quickly.I saw this many years ago, and as a result started my own business. I can tell you from experiece the true way to financial freedom is working for yourself. Cash flow as…[Read more]

]]> 165ec55bc2e4bce21c82c267843fbe7b Linar replied to the topic Oxymoron or my ignorance in the forum "Guaranteed return" probably https://www.propertyinvesting.com/topic/4400838-oxymoron-or-my-ignorance/#post-4629654 Wed, 11 Aug 2010 03:47:50 +0000 "Guaranteed return" probably just means a rental guarantee.  A return doesn't have to make a property cashflow positive.  A return is a return, even if it still makes the property negatively geared.CheersK

]]> 9684b02eec363cea609ffd6ad6719e0d Linar replied to the topic Property Development / Subdivision Company in Adelaide in the forum Value Adding https://www.propertyinvesting.com/topic/4400819-property-development-subdivision-company-in-adelaide/#post-4629545 Wed, 11 Aug 2010 03:42:09 +0000 Hi MattWhy not do it yourself?  I'm in Adelaide and I do it all the time.  It is a bit more work than getting someone to do it for you, but you end up with a lot more in your pocket.CheersK

]]> b0a9c9138b381170e6067cdad8f967ab Linar replied to the topic Dead man walking or masterstroke? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400832-dead-man-walking-or-masterstroke/#post-4629612 Wed, 11 Aug 2010 03:39:28 +0000 Hi JulesYour proposed strategy is no dead man walking but it is certainly not a masterstroke either.  People have been doing this for years and years and years.  In fact, it is about the most commonly used strategy for building wealth using property.Having said that, it is not quite so simple.  Assuming the house is valued at $350,000 on co…[Read more]

]]> 397eaf708188d9b847ee3291ddabcfa9 Linar replied to the topic Land release in the forum Help Needed! https://www.propertyinvesting.com/topic/4400773-land-release/#post-4629348 Fri, 06 Aug 2010 03:16:54 +0000 I think that JacM was talking about paying CGT and stamp duty if you so onsell the property.  In most states, even if there is a same day settlement, you have to take ownership of the property before you can onsell it.  This means that you will have to pay stamp duty and any capital gains tax.

]]> 1284ca00088112f908283bbed761f982 Linar replied to the topic Buying/Selling without using a Real Estate Agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4400774-buyingselling-without-using-a-real-estate-agent/#post-4629353 Thu, 05 Aug 2010 02:50:10 +0000 Provided it is a straightforward sale, you could both use the same conveyancer/solicitor.  Offer the vendor's asking price less agent's fees and then agree to split conveyancing costs.  That seems a very straightforward solution to me.  I'm sure that the vendors would be very happy to sell a property so easily.CheersK

]]> b440e68003cadcaa2ccb437218c1f72e Linar replied to the topic Land release in the forum Help Needed! https://www.propertyinvesting.com/topic/4400773-land-release/#post-4629345 Thu, 05 Aug 2010 02:47:02 +0000 It all depends where the land is.  If there is a land shortage, then you will be likely to be able to sell the land prior to settlement and may make some money.  If it is in an area where there is a lot of land, then there is a real risk that you will be left with the property and will have to hold on to it.I did exactly this a few years ago.  I b…[Read more]

]]> e74885488c21498ebd67c19587ad6c0d Linar replied to the topic Does adding a pool add value? in the forum Value Adding https://www.propertyinvesting.com/topic/4400722-does-adding-a-pool-add-value/#post-4629073 Wed, 04 Aug 2010 07:34:47 +0000 I think it all depends where the property is.  If it is in Darwin or Cairns or somewhere where most houses have pools then it might be worthwhile.  I think a house in the tropics would be far more rentable with a pool.If however, your property is in Melbourne or Adelaide or Hobart or somewhere where pools are not standard then I wouldn't b…[Read more]

]]> 3c160f8764aaafffb61cc861c26a5267 Linar replied to the topic What's up with Darwin in the forum General Property https://www.propertyinvesting.com/topic/4400681-whats-up-with-darwin/#post-4628753 Thu, 29 Jul 2010 00:17:49 +0000 The thing about Darwin is that traditionally it has been a risky market.  When I bought in 04 the average yield was 10%.  However, vacancy rates were always ridiculously high, I think as high as 20% at various times.  This is why it was not considered a safe market to invest in.However, over the last 8 or so years things have changed.  There is…[Read more]

]]> 086d02258e86900f5ac8a12ab4b84ce5 Linar replied to the topic Legality and buyer problems with a sale , how can I handle this ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400665-legality-and-buyer-problems-with-a-sale-how-can-i-handle-this/#post-4628659 Wed, 28 Jul 2010 06:10:53 +0000 Hi wannadoI understand that this is all very stressful but for you to successfully sue your solicitor, the courts will want to know exactly what losses you have suffered.  Financially, you haven't suffered any loss until the contract falls through, which it hasn't yet.  You seem to be getting incredibly stressed over something that hasn't h…[Read more]

]]> 8dd76bf57d7b93b68508dc15205deb09 Linar replied to the topic What's up with Darwin in the forum General Property https://www.propertyinvesting.com/topic/4400681-whats-up-with-darwin/#post-4628750 Tue, 27 Jul 2010 10:46:45 +0000 Darwin has a high rental yield because of the large number of transient workers there.  It also has a massive land and housing shortage.Darwin never came to mind to me when I thought about property until I bought my first property up there in 2004, the day before the market boomed.  We bought everything we could get our hands on up there.  My hus…[Read more]

]]> d876c238bacb5d6563b1114790cbc0f8 Linar replied to the topic Bathroom Reno Cost in the forum Value Adding https://www.propertyinvesting.com/topic/4400631-bathroom-reno-cost/#post-4628456 Mon, 26 Jul 2010 04:51:40 +0000 A bathroom reno can cost as much  or as little as you like.  I have done a bathroom reno on an investment property for $1500, but I also recently paid about $70,000 to have a room in our house converted into a bathroom.  The IP reno was quite basic (pretty much new tiles and paint and a vanity from an auction house).  As to my bathroom, to say…[Read more]

]]> e8f055287e3fddd24ace637d39575713 Linar replied to the topic Legality and buyer problems with a sale , how can I handle this ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400665-legality-and-buyer-problems-with-a-sale-how-can-i-handle-this/#post-4628654 Mon, 26 Jul 2010 04:42:04 +0000 For you to be able to sue your solicitor you will have to prove that you suffered loss (financial or otherwise) because of his negligence.  What loss have you suffered?  How would things have been different if the purchasers had paid the deposit?  You can't access a deposit prior to settlement (unless expressly stated in the contract) so it lo…[Read more]

]]> 6e444ae03db38357dc060f6a21e0f510 Linar replied to the topic Renting to a relaitive, any rules we need to stick to in order to pass the TAX Audit time? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400578-renting-to-a-relaitive-any-rules-we-need-to-stick-to-in-order-to-pass-the-tax-audit-time/#post-4628150 Wed, 21 Jul 2010 22:10:16 +0000 I doubt the ATO could argue that failure to have the landlord's insurance suggests anything untoward by you.  Do a search on this forum on property rental disasters and you will soon see just how many people don't have landlord's insurance!CheersK

]]> 623595a0b0e8a82638a6bafabbdf5bb8 Linar replied to the topic Tax Invoice from 2007 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400616-tax-invoice-from-2007/#post-4628353 Wed, 21 Jul 2010 05:37:05 +0000 If you were really opposed to looking into whether you paid the bill or not, you could always ignore the tax invoice and see whether the company follows it up or not.  It seems to me that there was some bad accountkeeping in 2007 and someone a bit switched on has taken over the reins and is chasing up unpaid invoices in the hope that some might…[Read more]

]]> 4d73cfdf3d98e9e32dee6a2286c7fa56 Linar replied to the topic Renting to a relaitive, any rules we need to stick to in order to pass the TAX Audit time? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400578-renting-to-a-relaitive-any-rules-we-need-to-stick-to-in-order-to-pass-the-tax-audit-time/#post-4628148 Wed, 21 Jul 2010 05:26:15 +0000 Just to cover yourself, get a rental appraisal from a local property manager and get it in writing.  That way you can always prove to the tax office that you were charging market rate.  The tax office doesn't like transactions that aren't "arms length".  CheersK

]]> ff83b0b5923a3035c0992d4dd6734e8c Linar replied to the topic Caveats in the forum It is quite easy to put a https://www.propertyinvesting.com/topic/4395629-caveats-2/page/2/#post-4600592 Sun, 18 Jul 2010 13:25:50 +0000 It is quite easy to put a caveat on someone's property.  I don't think that you need to have an equitable interest in the property.  I have placed caveats on someone's property (with their consent) because I loaned them some money.Please don't consider this as legal advice but I think the way it works is that once a caveat is placed on a p…[Read more]

]]> 11d6d86d22494e75d60561c5de1fa93b Linar replied to the topic unconditional cash offer requires finance? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400555-unconditional-cash-offer-requires-finance/#post-4628046 Sun, 18 Jul 2010 13:17:23 +0000 You are correct in that an unconditional contract means that is is not subject to finance.Generally speaking, and depending on the state, a contract for sale says that if a purchaser fails to proceed with a contract, they forfeit their 10% deposit.  However, some recent court decisions have found that the purchaser only forfeits the deposit they…[Read more]

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