Not so hasty guys.

This isn’t a storm so much as a light drizzle.

Yes, yes, yes, there will be good buys in time to come but only from the vendors who are forced to sell because of one reason or another. (driving agood buys will be things like people being involved in a divorce, having been transferred interstate, having already bought another…[Read more]

I have discovered that the post I was looking for (MiniMogul’s post re Bill) has been moved to another Forum on this website titled “Opinionated”.

So to add to my earlier suggestion Richmond, if a post has been moved rather than ‘deleted’ would it be possible for us to be informed about that ?

Personally because of time pressure I normally only…[Read more]

Hi Steve,

Exactly. But are you saying to act on the signal at the high of a fall? Or rather the same as most have been saying for months: That is, Winter 2004 will see straw hats at bargain prices in comparison to the present?

Kind regards, Phil

Most likely all the owners of the properties involved in the subdivision are the beneficiaries of the covenant.

It means that you would require everyone’s consent (most unlikely to obtain if there are so many people involved).

Pisces133

>>will that give me more rent or just increase the value? or both.<<

Cornell, doing the place up will certainly make it easier to find a tenant if not producing more rent.

Pisces133

That is exactly how I see it.

A down atmosphere present opportunities galore.

Pisces133

Hi Redwing,

I’m glad you are relaxed again, well done. One call and problem solved until May next year. So, if you have to give 30 days, are you going to offer it to him again at the end of April? If he declines, that gives you 30 days to find another tenant to minimise the vacancy period.

Hi Kkowalsk, I’d be more concerned about impact under a…[Read more]

Barbara, I would think that the dominant motivation is to get a tenant in there as soon as possible.

In may areas tenants are in short supply so making the dwelling look as attractive as possible isn’t a bad idea.

I am not an accountant but the advice of spending $ 400 on a depreciation schedule sounds ludicrous to me.

As you have a receipt I…[Read more]

I don’t qite understand where council comes into this ?

Who created the covenant ? If council made it a condition of approval for the original subdivision then you do need council’s consent to have it removed.

If whomever has the benefit of the covenant object o your request to remove it you can apply to the court about having it removed.

If…[Read more]

Thanks,
I have made an appointment with a tax agent as I will need to manage my normal income tax anyway. Also, I got new curtains earlier this year, they cost $2500 and I was wondering if I should take them down and put up some cheap ones or if I should leave the ones up I have.

It is a 3 bedroom free standing unit/villa – whatever you call them…[Read more]

Hi Rubbachook and Sue,

I’m sure it’s Fatboy (Paul, where are ya?) who gives a week’s free rent to his brother. Yeah, good for families, saves buying presents for us lazy buggers.

Don’t forget to load the rent by 2%+ to pay for the feel good Christmas present of a week’s “free rent”. The initial idea of course is as a thank you to a tenant who…[Read more]

What’s the difference between Jacko the Whacko and a shopping bag?

One is made of plastic, the other is used to carry your groceries.

Phil

Hi Redwing,

Ah so !! .. we all want to be Landlords, but only when it suits us right? It’s a two way street. Your tenant has ended a 6 month lease. That is the end of his commitment, else he would have been signed up for longer. Your tenant would also want security of tenure, it has served his purpose. It is normal practice to follow on month by…[Read more]

Hi Allan and Wirrumbirra,

Another way to see it is that it’s because there are 52 weeks in the year. If you divide the number of weeks by one half, or multiply by two, you get 104.

Phil

Matt,

Shoot an e-mail philindas@ozemail.com.au

Phil

Hi Matt,

I reckon you’re right. It sounds to me that the vendor is doing all they can to make it easier for a prospective buyer to settle quickly. They may have most probably exchanged on another property, so have to push this one through. It would not be in their interest to provide a “vendor friendly” property inspection, as for all they would…[Read more]

>>Talk to Small Business Victoria if it is property development or the like you want to get into and you need money partners for this.<<

I would think that bureaucracy is only good to tell one what licences one may need and what department to go to in order to apply for a licence or where to check something out.

There isn’t any way they will be…[Read more]

Of course Bill.

It looks like you are a nightowl like me.

Cheers,

Pisces133

>>I myself have an investment/development company which finances relatively large real estate projects in Australasia<<

I don’t know what exactly you are saying in the above paragraph Michael.

Are you lending money or borrowing money ? If it is the first then please let us (me) have your email address.

Pisces133

Anyone who is afraight that the bank will take too long to approve a loan, well the solution is simple : Ask for a pre-approval for the highest loan you can get on your income.

Then you can even go to an auction, make a bid and sleep that night.

Pisces133