I think stamp duty is high but if we are going to abolish stamp duty we need to have a serious conversation about increasing GST. Because the only other options is to do what they do in States like Texas and Florida where there is no state tax no stamp duty but you pay 3 and 2% property tax. That means in in Texas if you own a home worth $300,000…[Read more]

Hi I think it is unlikely that Labor will be elected however with the Liberal government moving more to the left who knows. If it did happen then most people would only buy investments in outer suburbs that would mean that it would force up rents within inner city areas and potentially create slums in outer areas of many of our major cities.

That…[Read more]

It is always interesting that the media are so ill informed. When I watched the 60 minutes segment i almost thought it was a joke. 60 minutes might be just above today tonight. There are so many things that are wrong. I notice the Age running a story supporting this same so call expert blaming much of it on interest only loans. So lets look at…[Read more]

What this is about is trying to deal with a shortfall in revenue. The problem is that they will also hit super as well. The end result will e that less people put money away for there future. So this means that if you think we have a revenue problem now it is nothing compared to what it will be in 15 years time.

Typical politicians taking a short…[Read more]

Labor have no judgement they will not get in

Well part of the problem is most sellers in Australia provide you with Gross returns however these sort of returns are useless only the net returns count. In the Gold coast many of the apartment complexes have huge body corporate fees. One of the largest towers charge $40 a month just for statements. So look carefully at body corporate. do not buy…[Read more]

Well part of the problem is most sellers in Australia provide you with Gross returns however these sort of returns are useless only the net returns count. In the Gold coast many of the apartment complexes have huge body corporate fees. One of the largest towers charge $40 a month just for statements. So look carefully at body corporate. do not buy…[Read more]

If you are looking in another state it might be worth while otherwise learn how to do it for yourself. There are some easy formulas to follow. However it depends on what time you have available.

I think there are still good opportunities in the states but I think the focus needs to be on commercial property including apartment complexes. Then it is essential that you have a good property management company that can look after the investment. Trying to do this on your own is difficult because the Americans will rarely tell you something…[Read more]

I think there are still good opportunities in the states but I think the focus needs to be on commercial property including apartment complexes. Then it is essential that you have a good property management company that can look after the investment. Trying to do this on your own is difficult because the Americans will rarely tell you something…[Read more]

Hi Steve

I agree with you. I have found some excellent property managers in Daytona Beach. Most Americans promise the world and do not deliver. Finding great apartment complexes are still good buying however without the right management it can be a nightmare. Due your due diligence carefully

Hi Steve

I agree with you about hard money especially for fix and flips infact because of demand the hard money rates have increased because of local demand however ivan is right when it comes to commercial property there are a number of banks will lend infact its easier to get commercial finance than residential.

Hi Steve

I agree with you about hard money especially for fix and flips infact because of demand the hard money rates have increased because of local demand however when it comes to commercial property there are a number of banks will lend infact its easier to get commercial finance than residential.

Again it is important to do your due diligence. That means checking to see what properties are selling for. If you buy without at least checking the price it makes it difficult

Hi Pete

We have a company in Florida and one of our investors had a bad tenant and he decided to sell. once the tenant was gone the aircon was stolen and vandals broke in and damaged the place. So my advice would be to leave tenants in the property. Once it is vacant it becomes a target