>>only to be told that its a big no no to rent out a granny flat that is built in your own back yard or an Ip’s backyard and that the council would never give building approval.<<

If it is an illegal construction that is understandable.

I have however seen councils obstruct Dual Occupancy applications in an unreasonable manner.

In one case the…[Read more]

>>The thing that amazes me is the number of retail properties that just sit there vacant, for years if not months.<<

I would think that in many such cases the owners are elderly people not up to the effort needed to look after their business.

Pisces133

According to some people that would be taking advantage of the owner. []

Pisces133

If you do a search on Google for the word ‘Stampduty Australia” I am sure you will find the solution.

This time, go to http://www.philipwebb.com.au/buying/default.html and
click on ‘stampduty’ on the left hand side.

Save this site in your favourites in Internet Explorer and you will have it for always.

If this isn’t the answer you are looking…[Read more]

Hi Steve

in answwer to your question, I say maybe he should have read your book and learnt something about real estate

Yes, good idea Lawry.

However in order to spread the risk one would reall need to have either several other shops and/or income
just in case the shop cannot be filled immediately.

Ausprop, like to tell us about the postoffice in a decent location ?

Very few properties are unrentable.

Generally it isn’t difficult to find a tenant for a shop,…[Read more]

Keeping it at the top ofthe list ?

That’s easy.

just look at https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6764 and thence ask Stephen how to do it.

Pisces

Well an upfront fee isn’t necessarily a bad thing as such though one would expect to receive some details beforehand.

Things like : “We have a couple of 3 bedroom houses in our sights in a reasonable size town in the Western region of NSW. the price is respectively $ 80,000 and $ 95,000 and, yes, we consider both to be a good buy.

If you want…[Read more]

That isn’t good enough Roy.

If you have the good fortune to get the opportunity to learn from someone else’s experience the least you have to promise to pay in return is to in turn do the same for (at the very least) TWO others, not one. []

It would also be helpful if you were to mention where you live.

If in Sydney you could join the group…[Read more]

>>All one has to do is look at Cessnock (think it was there) where the mine exploded and shut down a few weeks ago- sheesh- what happens if you bought there and were depending on the mine for tenancy?<<

I am pretty familiar with Cessnock (having been involved in recycling a couple of ex-hotels into shops as well as building some new shops) and…[Read more]

From enquiries I have made in NSW I understand that double stampduty is ALWAYS involved unless one has a trust agreement in place beforehand AND the contract states Bill Williams ‘as trustee’.

The moment one states on the contract Bill Williams ‘as trustee for Marty Jones’ it will attract double stampduty.

So the wording of the trust bit appears…[Read more]

>> I wonder what it would be like for them- living in Parkes… how many facilities for <<

Actually Parkes is quite a nice place. I bought a couple of properties there in 1986.

In most towns the young people have left for the big city. I was actually quite amazed to see how many young people are in that town.

Pisces133

Bleeding heart syndrome eh.

..as Telstra is about to do- lose 400 australian jobs because they want to pay poorer wages to Indians. For me, it’s hard to justify profits over people.<<

One could put up a real good case that us fat cats in the West should be sharing our good fortune with our unfortunate brothers in India.

Damned if you do and…[Read more]

>>Surely go getters on the MAP should still be good contributors to the forum to be afforded such a valuable target market.<<

Probably they are too busy finding deals. Remember, they are out in the field and the pressure is on them to perform whilst many here are just theorising.

We may not like it but the fact of life is that this website is a…[Read more]

A developer would endeavour to obtain a profit of about 25%

Pisces133

Ethics is something that isn’t fixed.

Something which is frowned upon in one society is perfectly O.K. elsewhere. It even changes from person to person.

If one were to ask ‘Is it illegal’ then we may be talking about something a bit more concrete.

Assigning contracts and options, whilst avoiding stampduty, is illegal (in those cases where it…[Read more]

2,119 clicks sofar.

Is that a record ?

Pisces133

Stuart, what I said was meant for Zacman. I was actually suggesting that he better not start jumping up and down (out of joy, thinking he had solved his problem) until he knew whether the higher interest is acceptable to him).

Pisces133

Better still, go and count the number of broken windows in the shopping centre.

Whilst you are at it also ask how many shopkeepers have been held up during the past twelve months. []

Pisces133

S.I.S. only three more days to go.

Pisces