well I opened this post with much trepidation…….coz I know what we were doing at midnight!! hahahahahaha []

Needless to say after that……we watched a vid LOL

Happy (belated) New Years ppl!!!!! [] Hope you all had a good one!!

:þ

Hi Guys,

Food for thought… I purchased a block of 5 units in whoop whoop for $150,000 while my friend purchase one house in suburbia QLD near the beach for round the same price and round about the same time(beginning of last year). They have both doubled in value, so the capital gains is about the same. The difference is however is that my I…[Read more]

Guys, when talking about commercial properties please detail what kind as then at least everyone is on the same wavelength when we are talking.

Commercial can mean anything e.g. shops, offices, specialised retail like a service station, a freestanding isolated shop or premises, etc, etc.

They all have different returns and carry different…[Read more]

Everything is fine ………….. until one buys a cat in the bag.

Who do you blame ?

Pisces133

There are some auctioneers around who will auction your property.

You yourself will have to be responsible for the promotion and publicity of the auction.

Pisces133

Despite the catchy headline in my post the post’s
purpose (main purpose if you like) was to bring to everyone’s attention that one can onbtain free access to the thoughts, as expressed in different talks, of the Reserve Bank’s heavies.

Pisces133

Smiley (if you are still around, you posted four identical posts, can you delete three of them please ?

Alternatively, are you able to do this Richmond ?

Thanks,

Pisces133

Hi Philip,

These are genuine questions so please be so kind to answer them.

Please tell me what exactly is a ‘buyers advocate’ ?

How does this work ? Is it just someone with strong opinions shooting from the hip (read ‘lip’)or does it look as if he looks at statistical data to arrive at his opinions ?

Can you please explain to me (with an…[Read more]

Hi IWFFNP,

Obviously this is in a small town as $ 65,000 generally doesn’t buy much.

When you say ‘commercial property’ what do you mean by that ?

A shop ? An office ? An industrial property ?

Assuming it is a shop, is it located within the shopping centre, small as this may be.

How many shops are there close together (as in “a shopping…[Read more]

Me no speake de Latin Bruce.

Pisces133

As Julian mentioned, if you have additional security then it would of course be a breeze.

I know that generally 75% is readily available. I also believe that even 80% is a possibility depending on the borrowers strength.

I translate ‘commercial property’ as being a retail shopbuilding, not as office space or industrial.

Some lenders will not…[Read more]

>>Option 1 sounds good to me Let’s see if I got this right.
House contract at $ 250,000
I can get 80% from bank = $200,000<<

If the buyer hasn’t been able to save some money in the past which would enable him to put up some of the deposit at least, then it is a pretty safe bet that you would be looking for problems by selling to such a…[Read more]

The way I see it, option A (the vendor assisting by lending part of the deposit) appears infinitely better to me than option B because I am very debtphobic.

That is partly because of my age and partly because of some unhappy experiences whereby I got caught (on more than one occasion) with loans whilst (because of the economic climate) not being…[Read more]

>>Richmond has my unqualified support – he does an ace job in difficult circumstances.<<

He has mine too []

Pisces133

Spider, what happened ? What did you intend to say in your post ?

As it is you are only quoting without providing your comment !?

Pisces133

My thinking is that if one is considered to be a trader by the taxman then the only way to clearly differentiate one’s personal investment is by placing the trading stock in a company Pty Ltd (or a Trust).

I understand that Steve has published a booklet about Trusts guys.

If you go to the home page it stares you into the face.

Steve, does this…[Read more]

There are a number of issues so it isn’t a subject suitable for general discussion Steve.

Pisces133

One can always look at things from a different perspective so, yes, I would be curious to learn what the reasons are for some others to prefer P&I.

The only reason I can think of at the moment is that for P&I the LVR may possibly be a bit higher in certain cases.

Pisces133

Possibly a good idea to use a company for certain type of deals as this will enable you to keep your private investments seperated from your business.

Better ask an accountant, I am not one.

Cheers,

Pisces133

Bruce, it is obvious to everyone, bar you so it seems, that the problem is your behaviour in disclosing addresses when Bear was trying to earn a smallish kind of fee.

That was puerile behaviour if anything and Bear had indeed reason to be quite upset about you spoiling his little adventure.

But, as you say, it is a new year, a fresh start,
so…[Read more]