therock1 wrote:
Hi Terry,Yeah i know its risky but i have to try something.Willing to pay over the odds for interest, i can do it easily and quickly but just need to find someone who is prepared to go in.I have house boat car and all sorts of other items to use as collateral.

He said he does have a house boat and car and "all sorts of other…[Read more]

Why can't you sell your house, boat and/or car??Cheers,Luke

Hi Theresa,I tried to PM you but you have your messages turned off. Let me know when you are able to accept PM's and I will message you.Cheers,Luke

Chris, can I suggest that you talk to your accountant now and get it sorted out before doing anything with your borrowing structure. The reason that you are in this mess is that you did not talk to you accountant in the first place before setting up your loan structure. Don't make the same mistake twice!!!! By the time you talk to your accountant…[Read more]

Jamie M wrote:
Anything written by Steve.Margaret Lomas – 20 must ask questionsJan Somers -building wealth through residential investment propertyDolf De Roos – Can't remember the name of the bookMichael Yardney – all books are generally goodCheersJamie

Dolf de Roos has a couple of good books that I have read:Commercial Real Estate…[Read more]

What Every Property Investor Needs to Know About Finance Tax and the Law- Michael YarneyHow to Legally Reduce Your Tax- Tony Melvin and Ed ChanCheers,Luke

RickH wrote:

MakingTheJump wrote:
Hi Rosa,My loan is in Australia which I pay from my money here and I am keeping the rent money in the US with a view to bringing it back over when the AU dollar drops. Although it might be short term pain, if you can service the loan in Aus and keep the US money over there, it could pay off in spades if and…[Read more]

Good advice as always Terry. You should definitely not sell a property just because it is negatively geared- in fact a negatively geared property in a good location might be a better investment than a positively geared property in a secondary location depending on what your goals are.I would also take Colin's advice and not cross collatoralise any…[Read more]

I would suggest that it would be best to own the property through a seperate company/trust. That way the property has some level of protection should the stair making company go belly up and creditors come chasing him.Cheers,Luke

You are right Catalyst in that it depends on what you are after. Metropole focus on properties in inner ring suburbs, which typically mean they are low yield/high growth properties.Cheers,Luke

Try Metropole Properties if you are after a buyers agents- I have not had any dealings with them personally but I hear that they are quite good and know their stuff.Cheers,Luke

Hopefully it sells soon, good luck with the sale!Luke.

If you can't sell at that price, then it obviously hasn't increased by $135k in two years. Judging capital growth by median house price statistics can be misleading.Cheers,Luke

Yep, I think it all depends in location. I have recently refinanced a smallish 1 bedroom apartment in Petersham with no worries. A family member recently refinanced a 3 bedroom house in Karratha, WA and had to jump through hoops and order a full valuation in order to release funds. Both deals were with the same bank. So I think this shows that it…[Read more]

Good point SNM.

It all depends on what service he is offering. A good draftsperson is worth the money, and an average one isn't.Cheers,Luke

You really should treat these statistics with a grain of salt. Just because a suburb grows from a small population base to a slightly higher (but still small and low density) population doesn't automatically mean it is the place to buy and is the next boom suburb. Cheers,Luke

No way would I be buying property here- miles and miles from the CBD, a probable oversupply of housing, the wrong demographic (i.e. young families and first homebuyers) saturating the market with little spending power to push prices up, no opportunity to add value, the list goes on.Just my opinion though.Cheers,Luke

I would seriously reconsider buying in this area if I were you. There is no housing shortage in this region- Vacancy rates are up around 10% if some threads on this forum are correct. If there is no shortage of housing in an area, then there is no reason for prices to be pushed higher (simple supply and demand economics) and so houses in this area…[Read more]

Try http://www.myrpdata.com.au- they have the sales history but you need to pay for each suburb report. Alternatively you could contact your mortgage broker or a realestate agent and request a copy of a suburb(s) reports as many of these people have a subscription to the service.Cheers,Luke