I am with Jamie i have a couple of IP's and still use Excel to track the income & expenses.

I employ a property manager and she pays all of the expenses checks the income and emails me the spreadsheets.

I then put this information into a simple online Cashbook called Cashmanager which works well.

Have to say whilst i sympathiise with you really…[Read more]

No Darryl just trying to endorse your services lol.

Yes darn phone screen is too small or is my eyesight this time of night in the dark.

Cheers

Yours in Finance

Been here since 2003 which is the longest ever in 1 house.

Maybe i am getting to old to move ever 5 minutes.

From the UK to Oz and then 5 times in Qld.

In saying that wouldn't mind moving back to the Coast and into one of our IP's.

Just a matter of getting the last 2 kids thru Grade 12 and we are away.

Forget the Boomerang generation, more…[Read more]

How many have been listed on VF terms ??

Cheers

Yours in Finance

Smarty never heard of them but they sound like a property marketing company to me.

I am based in Brisbane so if you want to post where they were recommending i can give you my 5 cents as to whether i would personally invest in such an area.

Cheers

Yours in Finance

Hopefully we all get flown to Melbourne to have dinner with the other 9.

Cheers

Yours in Finance

Away from that the biggest caution should be valuation.

Seen so many deals where the valuation and purchase price are more than a few dollars apart.

Cheers

Yours in Finance

Really Bugaloo nothing sold for > 3 years.

Funny i have financed 3 sales in 2 months from forum members who have purchased an investment property in Beenleigh so not quite sure about that comment.

My Solicitor for the last 18 years runs the largest Conveyancing practice in Beenleigh and she is absolutely flat out.

Admittedly caution needs to be…[Read more]

Hopefully Robo given that the request was 16 months earlier i hope that grantos has found someone by now.

Cheers

Yours in Finance

Agree Darryl how many of these have we seen never get off the ground in Brisbane over the last 15 years……

Cheers

Yours in Finance

That is of course assuming you notify the Seller that it hasn't been approved within the prescribed period.

Cheers

Yours in Finance

As Terry mentioned Tax is a small consideration as this will change with time.

Few other things i would have been asking an Accountant about prior to Tax..

Got an enquiry from a forum client yesterday whose Accountant had charged an arm and a leg for a super duppa Tax minimisation entity.

Trouble is finance options are now limited and actually…[Read more]

I can give you a couple hundred names and addresses of clients who i have Vendor Financed who seem to be very happy with their purchase.

I actually have one i purchased in my SMSF in 2003 which is just financing out now and owes $174K.

His Bank have just valued the property at $242K.

He has been paying me interest only for nearly 10 years and i…[Read more]

As Terry has mentioned Deed of Partiton would sound like the way forward but finance may not be possible or of possible very restrictive and not ideal for each party in the future.

If are in Sydney and want some top advice you can't go past Terry.

If you are in Brisbane then try Darryl who is ay

PRO Town Planners Brisbane 3399 4969…[Read more]

Can all those maiden posters who are thinking of signing up tell me what they are looking for in a Mentoring program?

Just interested to gauge what you think you get for your money ?

Cheers

Yours in Finance

Tess i have a spare copy of Trust Magic you are welcome to if you want to shoot me an email and cover the postag

Cheers

Yours in Finance

Bugaloo have you considered selling the property on Vendor Terms in order to improve your cash flow position.

Might certainly get you out of what appears to be a tight spot.

Cheers

Yours in Finance

Hi Claire

Ebook sent.

Cheers

Yours in Finance

Hi Vmilne

Firstly welcome to the forum and i hope you enjoy your time with us.

If we go back to answer your original question then in the current climate with 5% genuine savings and sufficient funds to cover your costs you should be able to secure finance to cover the balance (subject of course to income and credit history).

Remember in Qld…[Read more]

Hi Boo

Setting up an managing your own SMSF is something which can be done and has been mentioned previously will give you both choice and flexibility of investment.

Last night i held an investor presentation in Melbourne on the very topic and this morning we have 3 forum clients who i have sat down with and working the way thru with them if it…[Read more]