Paul

I have sent you a PM in answer to your question.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Dave

Are you currently self employed or run a small business?

My partner is a CPA although his practise is only taking on S/e clients to be bale to justify the fee income.

If yes i will ask him and happy to provide you with his details.

Based in Southport but as good as you will get.

Also an expert on wrapping as we have done a few.

Cheers…[Read more]

Carlin

A vendor is not bound to advise anyone how long he has his property on the market. The same would go with any real estate agent.

Obviously if this information was public knowledge then the offer any potential buyer made would be adjusted dependant on how long the property had been listed for.

Look at the property yourself if the grass…[Read more]

Talula

If you are looking for a finance broker rather than Financial Adviser would be happy to assist.

Have spent the last 10 years running a finance brokerage and mortgage wrap company here in Brissie. Also can always recommend a good conveyancing lawyer if you need one.

Email me a scenario and i would be happy to appraise for you to start…[Read more]

John

Feel free to email me and if you dont mind paying at the time of delivery you can use all of our Trade Accounts. As well as being mortgage brokers specialising in wrapping we are also developers.

Let me know what you want and i can point you in the right direction.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our…[Read more]

Mark

Want to give us some ideas of the towns you are talking about so we can shread some light on them for you.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Billy

Dont forget to check with your local Council of there requirements and also their costs for the application etc.

Finance also is a novel one but can usually be got around.

Some of the big boys like Drake etc have good reputations. Dont try and co-ordinate the work yourself let them do the lot. You can get the nail bag on when it comes to…[Read more]

Many properties have an easement over them.

As long as there is still sufficient room to construct a dwelling away from the easements then they should have no bearing over the resale.

Check who is responsible for the upkeep and maintainance if any.

This is of course on the assumption that the presence of the easements has little effect on the…[Read more]

Norma

I must admit that i am like Foundation and slightly lost. I am presuming that the extra debt is a loan against your main residence or other investment property.

If it is a debt against your home then by all means consider ways to reduce this as quickly as possible. Converting the IP to interest only (If of course it is not already) and…[Read more]

Comes of not previewing your reply.

Make that the Sunshine State as all of Qld is beautiful one day better the next

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Rich

I think you to need to first start by deciding whether you are looking for cash flow if so then wrapping maybe the way to go or if you are after a return plus the chance of some capital growth and wanting to buy an IP.

Once you have decided upon what you want out of your investment you can start to look around.

Must admit i am slightly…[Read more]

If you really want to attract the right sort of tenant then i would:

1) Retile the bathroom never use tile paint as you will be back doing it again next week.
2) Rewaterproof the shower floor and wall areas.
3) Strip out all plumbing fittings and reconnect with new fittings.
4) Install new shower screen, vanity and mirror.
5) Consider current…[Read more]

Waffles numbers appear on the surface to add up.
If you happy with the location and security of the property then the deal maybe ok.
Ask yourself if the tennant walked out tomorrow lease or no lease could you easily re-let the premises.
Also higher the land value high the land tax.

Cheers Richard
richard at castlewhite.com.au
Email me for details…[Read more]

Which State are you in snowy?

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Many lender do Commercial loans <$200K Orix for example start at $50,000.

Interest rates vary as do application fees however the smaller loans are less attractive for a lender than a larger loan and subsequently they charge a higher application fee propertional to the loan size.

The problem with the smaller loans are that the lenders are wanting…[Read more]

If you are finding property with a +CF hard to find in SE Qld qhy not consider a couple of wraps.

That way you will have you cash flow.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Like Terry I have done more than a few but must confess I prefer an Instalment Contract.

In a rising market the tenant certainly comes out on top and again as Terry suggested i would encourage an equity share (we do ours by way of revaluation at the time the tenant wishes to exercise the option).

Still works out as a win win deal.

Cheers…[Read more]

Dependant on equity why not become a Full Time Investor and enjoy the cash flow as income.

Obtaining finance will not be a problem.

I decided 10 years ago to do just that and now with 172 properties all wrapped or under Vendor Finance find myself comfortable.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a…[Read more]

Chris

Hate to say you missed the boat on that one. You cannot purchse a property in a SMSF and rent it back to yourself.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Steve

Afraid not. In the oldern dark days you used to be able to purchase a commercial property and rent it to yourself paying your SMSF the rent.

You also used to be able to purchase the property in conjunction with your Unit Trust and borrow funds in the UT name as a proportion to the ownership percentage.

All such loop holes have now…[Read more]