Aussierogue, I scare you you say ?

Well my country was invaded by the Germans so I perhaps speak from experience about horrible stories like a young boy being shot in the street and left to rot all because he stole some food.

No offense, but from (what looks to me) an armchair view perhaps things don’t look as bleak.

I in essence say that we…[Read more]

>>The important point to note is that he is STILL waiting<<

Yeh, and he will ring a bell just before he starts buying.

Pisces

I still haven’t really a clue what Marlin is talking about.

“Agent”. What kind of agent ? Real estate agent ?

Is it buying shares in a company which owns a property and those shares entitling one to occupation of a particular unit (generally described as buying a Company Title unit) vs making an investment in real estate by buying a property…[Read more]

Originally posted by Pelicaninvestments:
PeterK,

Good luck !!!

If you still want to find houses for a fee…. drop me a message…. depending on where u are. I may be interested !!!!

Cheers

definetally possible as i have all the time in the world, but i am a blowin to this convo and prob doesn’t apply to me, nsw anyway

sang-froid

Originally posted by TasInvestor:
spi, well done on learning what you can! You should keep reading good books like RDPD and Steve’s, and the forum to keep learning. You will also learn by taking action (even though this will mean stepping outside your comfort zone).

You may feel that you are not ready, but you can always check what you are…[Read more]

i’m in nsw and the reason i’m asking for a shared venture is because i don’t have the financials at 19 but am trying to analyse what best way to start out. if it means a joint venture or working as a broker for spotters fees or flips or whatever then so be it. all that i know is that i’m too keen and motivated to become a professional investor and…[Read more]

Most brokers would have been very aware of what the trend is likely to be the moment they saw several lenders trying to push fixed rates at a rate which clearly indicated that those lenders didn’t think rates would dramatically run away.

Pisces

Why re-invent the wheel Julian ?

There is a nice program around called Rentmaster which does a lot of things other than keeping a record of renatls received (including being able to print a list of delinquent renters etc).

It sells for about A $ 75-00

If anyone is interested and wants a free evaluation copy AND is able to receive a large file…[Read more]

My mistake guys. Rachelle is actually raking in close to $ 30 K p.a. that is after making P&I payments.

Not bad for one deal’s profits.

Pisces

I am sure that most brokers on this site would have access to such lenders Terry.

Pisces

Dave is right.

Ultimately it is a numbers game. See enough properties and some will be exactly what you are looking for.

Pisces

>>Am I being overly cautious here or do people share the same fears.<<

No of course you aren’t overly cautious by being concerned. Playing defense is the one and foremost tactic to use.

Over committing oneself, as I suspect many here are doing, by not having safeguards such as access to a line of credit in place so as to be able to weather the…[Read more]

Yes Stingray, I think I can assist.

I have met an accountant rcently who is pro-active. I was impressed.

The outstanding part of it all is that he isn’t just a theoretician as he owns several very valuable properties.

Email me and I will forward his details.
He is located in Bondi Junction.

Pisces

I don’t think there would be quite the problem with a concrete slab construction as you will encounter with a kithome construction as far as finance is concerned.

If you have bought the land at the right price it should support a ‘normal’ brickveneer type construction.

Why be adventurous with your first project ?

Pisces

Nothing like a good scare story to boost the ALP’s
support.

The fact remains that one can never trust a politician and certainly not a desperate Labor one trying to help his fellow mate in the federal election.

Pisces

Elysium, the heading of the thread says it all : NO STAMP DUTY WITH FHOG 1ST MAY

I would think this means that (in Smartmoney’s state at least) stampduty will not be required for first home buyers as of the 1st of May.

What the exact circumstances and conditions are, perhaps someone can enlighten us .

Pisces

The 30% tax rate doesn’t come into the equation Julian as presumably the profits will immediately be taken out ?

If you have so much income that any profits would attract a higher rate than 30% if taxed in your hands [:o)] , then it would be better for you to have a another company holding your share in the company which is carrying on the…[Read more]

>>thanks, but I don’t have foxtel<<

Good onyu Chan.

At least Sunshine and myself can get a headstart on you.[:o)]

Pisces

Thanks Kay.

Phil, you said : “I suggest that you request the agent to provide you proof of comparable sales history.”

That was done allright Phil. The problem was that the asking price didn’t allow for any profit in the deal.

The property consisted of a house on a block of land large enough to be subdivided.

The problem arose because the agent…[Read more]

One would expect that the stampduty which is levied is whatever duty is applicable on the day the documents being are presented to the Stampduties office.

However, I am only spouting what I think is a common sense view. Much better to phone your State’s revenue office and make sure.

Pisces