Glenn

Try http://www.financialsucesssytems.com.au

The Reno Kings Geoff Doidge and Paul Eslick – I believe they only operate out of BrisVegas though. Don’t know if there are any Sydney specific ones.

Cheers
Mel

Simon

Should be in your inbox now.

Cheers
Mel

Jaffasoft, you say ‘And it’s not as if the owners dont have any money’ like it’s your god given right for Steve to spend his hard earned money to provide a free resource for us. As I have said to you before, the funds to provide this site come out of the revenue raised by the selling of the non-free resources that you are so angry about having to…[Read more]

Poltergeist, I sent you a picture.

Paul, what’s your website? Does it have pictures? let us all know. As for selling yourself – you still have to convince Huey – and I think LuckyPhil too now![]

Cheers
Mel

Hi Darren

An option agreement can be drafted up by any good property solicitor. They are very flexible documents, and can certainly be a good strategy to implement. However, in a rising market you will probably find not too many sellers interested.

Developers often use option agreements to control some land they are looking at rezoning, DA…[Read more]

sleeping

Cheers
Mel

In a word – yep! If you have enough equity it would be 100% finance, plus it could cover costs, so absolutely no out of pocket expenses.

Cheers
Mel

Well Poltergeist, you’re in the bottom 75% and the top 8%. Maybe you need to spend some of the cash in your wallet to put food in the fridge![][]

Cheers
Mel

Poltergeist I thought that you were able to change the titles with your newfound power, and I noticed you were very sensitive that day, so I thought that maybe you did change it.

I apologise.[]

Cheers
Mel

Hi Steve

Sorry, I thought you were suggesting that you were going to be doing it quite often, rather than as a once off.

Have you ever lived in the apartment that you currently own? If yes, and you haven’t rented it out – you should be able to sell it with no CGT. If no, but it’s never been rented, you would have to check with an…[Read more]

Steve

To actually have an agency of your own DOES require extensive licencing, by agents boards etc. etc. Even for me to hire somebody to manage my own properties I have to look into what is required. I am thinking to approach a licencee, and see if I can use their name, for a % of my ‘takings’, rather than have to go through it all myself.

Cheers
Mel

Oh shucks!![][] I must admit that at about bedtime last night I considered not answering some questions, but then felt bad and went back and answered them anyway – sometimes just to give a brief, and then suggest a search of the forum for the rest.

Besides, I want to be like Poltergeist and Arty – they look like they can wreak havoc on the…[Read more]

Hey Fudge

Now I think I understand what you’re asking. Yes, it’s definitely a loan from the bank, and if ‘spent’, you must pay the interest on it.

However, if used as deposit to purchase property, it still counts as a ‘no money down’ deal because you did not take any from your pocket.

That’s part of what I was suggesting to you to accelerate…[Read more]

I’ll give you an example of what I am looking to do at the moment:

I bought a property for $159K about 3 years ago. I borrowed 90% or $143.1K. I got it revalued a short time later at $195K (It was valued at $185K when I bought so it didn’t need to grow much to get to $195K). I then borrowed another $32K.

So at the moment, my loans are $143.1K…[Read more]

And here I was thinking you might have been having a little dig at one of us[][]

Cheers
Mel

Hey first timer, there are many websites that have been mentioned re learning about trusts. I can’t remember any off hand, so might be best to do a search through the forums.

The other thing I would recommend, and how I learnt (initially, then with solicitor and accountant) is to read books. There is one by Dale Gatherum-Goss…[Read more]

Hi Steve

I think we got a certificate, but so what? I don’t believe that you need any qualifications to be a PM – and in fact there are lots of agencies who are not members of the REI, and so therefore would not send their people to the REI courses. It’s a fairly high turnover industry from what I’ve seen

Cheers
Mel

Hi Fudge

congrats on the century!

I’m guessing that you are asking if people have used growth in value of properties to purchase further ones?

If so, then yes, that’s about the entire way I have purchased mine. The first place I bought (actually two – my grandad’s half of his house with grandma was the second) I was able to use my folks place…[Read more]

Dave

That would make a nicely negatively geared property wouldn’t it?[xx(] No thanks, I’ve got one in Logan area already.

Cheers
Mel

Steve

Simon and I have both answered your question in the preceeding posts. If you purchase an ‘IP’ to live in it for six months you are really purchasing a PPOR – yes?

If you move out in six months to a new house you have bought, you will be making a decision as to which of the houses is your PPOR.

If you are doing what Simon said, to have…[Read more]