Regards,
Sheryl & Piers (aka quasimodo)
sheryl_duruz@yahoo.com.au

You’re not going to earn their respect by rushing in and buying any old piece of property that they put in front of you. You’ll earn their respect by asking the relevant questions, not pretending that you know more than you do and being prepared to act *when* they give you a deal that (reasonably) fits the criteria you’ve…[Read more]

Seriously though, a more specific question would most likely get a better response. What do you want tips on exactly? Sourcing properties? Financing? Structuring? Negotiation?

Quasimodo [^]

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It seems to me that action has a most magic way…[Read more]

We must be neighbors! Apparently we live in Fairyland, too! I personally have been critisized for “seeming to believe that somehow everything will work out for the best” lol! Not that I’m complaining! So far with a bit a work… it has!

The weathers great and life here is good in Fairyland! Now all we need to do is convince a few more to…[Read more]

Firstly where renting a property out, the only protection a landlord has is that there’s usually a bond equivalent to around 4 weeks for if the tennant breaks lease. In the majority of cases this has to be paid back in full. It’s a common misconception that mortgage insurance will make your payments if you have no…[Read more]

Quasimodo [^]

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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If you want to cover yourself legally, you’ll need a solicitor experienced in wraps in your state.

If you have a house and want to get someone else to wrap it for you when we’ll need some details about the property to decide if it’s worth a closer look (once again, where is it,…[Read more]

Keep on rockin’ the real estate world!

Quasimodo [^]

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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quote:
My letter is off to my local member.

Cheers

Sooshie []

Yes, I was suitably outraged until I realised I’ve never lived in Melbourne… still, NT seems to have it pretty bad, too! I say we start our own party and storm the halls of parliament together, righting wrongs, and making the world a nicer, more humane and investor friendly kind…[Read more]

All shall be duly “accountanted”! Thax Saskatoon!

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It seems to me that action has a most magic way of answering all the questions our…[Read more]

We’ll be coming back to Brisbane from the 6’th of May, so drop me an email at quasimodoshome@yahoo.com.au and we can arrange to get together shortly after.

Quasimodo [^]
(aka Piers)

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It seems to me that action has a most magic way of answering all the questions our…[Read more]

Cheers!

Quasimodo [^]

Value of Property Rate
<$12K
$1.00 for every $100 or part of $100
$12K < $30K
$120 plus $2.00 for every $100 or part of $100 over $12K
$30K< $50K
$480 plus $3.00 for…[Read more]

Quasimodo [^]

PS IO being illegal does sound *very* odd……[Read more]

The one question that I asked that they seemed to dance around and be particularly evasive in answering was “How can I be sure of the independance of the properties that you reccomend I buy?” as well as (on a similar line) “Are you prepared to guarantee that Investors club…[Read more]

Could you buy a place, move in for X months, move out into a rental, wrap the first place and gain any capital appreciation of it for the first 6 years CGT tax free? (assuming you didn’t nominate another place as your PPOR as you were renting?)

Interesting! Very interesting!

Quasimodo…[Read more]

And that “aero-plane” thingamajig will *never* fly! []

Seriously though… your brain will give you the answers to the questions you ask… A better quality of question may be “*how* do you buy positive cashflow property in Australia?”

Just a thought!

Quasimodo…[Read more]

BTW, how’s the weather in Quatar at the moment? []

Quasimodo [^]

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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Oh and FW, yes, I know that in the book Quasimodo doesn’t get Esmarelda but, hey! we’ve never been ones to do things the traditional way (our wedding vows included promises “to adventure together towards our most magnificent and cherished visions”! []).

Steve – you’re so right regarding always working on making your relationship…[Read more]

1) Listening and asking questions: You can’t solve a problem without knowing what it is. If you can find out exactly what the vendors need, when, how and why they need it your chances of finding a unique solution that flies will surely go up.

2) sales – Keep presenting your offer (to the…[Read more]

Quasimodo [^]

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before…[Read more]

Nice article! I especially loved the clarity of the “guaranteed losses versus potential capital gains part”. I wonder how many “investors” today honestly believe that a property market is *ever* capable of a correction?

Quasimodo [^]

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It seems to me that action has a most magic way of…[Read more]

Have you tried ye olde trick of offering a bonus to the first person to sign a lease on it? Usual examples include a book of movie tickets or even a DVD player for a longer lease – people usually imagine they cost much more than cheap ones can be bought for!

I have a couple of friends who have tried this after a long vacancy period,…[Read more]

A couple of points before my suggestions:

1) As someone who worked somewhere [] promoting John Burley for quite some time, my opinion is that your biggest unique advantage (or USP) is that you know how to do it in AUSTRALIA! I’d get that in somewhere.

2) 36 months sounds shorter to me than 3 *years*.

3) You may choose to look at…[Read more]

If you want to talk Steve into adding spell checking to this forum, you “may” [] want to let him know he can legally download a spell check modification for the forums here…

http://forum.snitz.com/forum/topic.asp?TOPIC_ID=43043&SearchTerms=spell,check

Think of it as a get well present!…[Read more]

You’re in our thoughts as we wish you a speedy and happy re-tune!

Quasimodo

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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There’s a bundle of dollar notes here with Steve’s name on them… []

Quasimodo

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before…[Read more]

Personally I’d try and have it included in their contract that they pay it to me and that I pay to the utility companies. That way if they “forget” to…[Read more]

Wee alll ned a leetle hlp sumtimes! Cood their bee a korelashun beetween baird speling adn massif suksess? Yoo adn Steav bofe seme too bee dooing wel, sew muy noo plahn is too joyn yoos!

Maye yor deels be fabyoolus adn yor speling kreatif!

Kwazeemodoh []

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It seems to me…[Read more]

Quasimodo

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It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
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quote:
I don’t have the mag’s website address handy but should be easy to find. Alternatively buy a copy at a newsagents.

[] http://www.apimagazine.com.au/pages/magazine/software.html

Quasimodo

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It seems to me that action has a most magic way of answering all the questions our fearful mind…[Read more]

Welcome to the board!

As to finding a good solicitor, foremost I’d look for one with experience in the area you’re looking at (eg wraps) or failing that, someone who at least is open to the *possibility* that it may be doable. In Sydney you can check out Tony Cordato (his website is at http://www.businesslawyer.com.au and the number is (02)…[Read more]

Many of the fees you mention (water, shire rates, most repairs etc) are actually paid by your tennant buyer if you are doing wraps, helping your return (of both time and money) considerably! []
Others (such as strata fees and management fees) can be…[Read more]

I see the figures being something like this:

every $1 on painting = $4 back at sale
every $1 on cleaning = $6.50 back at sale
every $1 on lawn-mowing = $9 back at sale
every $1 on exorcism = $25,000 back at sale (priests don’t tend to charge much…[Read more]

First up, congratulations on getting that first (and soon second!) investment property all by yourself! Many would choose to use the less than %1,000,000 enthused spouse as a great excuse for a life of mediocrity, so you’re obviously willing to do things a bit differently for a better life.

Just out of interest, why are you…[Read more]

For anyone who hasn’t the foggiest on calculating the impact of the mortgages they’re looking at, Cannex has a funky little calculator at http://www.cannex.com.au/mortcalc.html that will give you the APR of your mortgage. The APR (or true rate) is what the interest rate they’re charging *would* be if you include all fees and charges! Not…[Read more]

Also, I know that in North America when an investor puts down an option it’s normal to also register a, I think it’s called a “Notice of…[Read more]

I remember reading the stats once that the vast majority of property “investors” only own one property. Of those a massive proportion were -ve geared in “nice suburbs with good perceived potential appreciation”. Having worked in two very well known seminar companies and getting to know most of the main customers my experience…[Read more]

A very engaging introduction! I loved the use of a story to begin as it immediately drew my imagination effortlessly into the book. I especially loved the part:

quote:
it dawned upon her that she was now able to enjoy a permanent long weekend for the rest of her life.

As not many people have ever entertained the idea of what…[Read more]

Good luck! []

Quasimodo

PS Reading every post that’s been left here from page 1 onwards will also give…[Read more]

quote:
My Mum work uses a debt colector, they take a 10% commision, and thats it, no work for you so why not. Also i think the NSW sherrif might do that kind of work.

Personally I’d go with the debt collector

We’re going through the NSW Sheriff on a non business matter and so far we’ve had to go through court appearances (where the other party…[Read more]

What kind of strategy are you looking at? Buy and hold? Wraps? Flips?

You may want to add to that list the *type* of property that makes up the majority of sales in the area (is it all 2 bedroom units, split level townhouses, large old Queenslanders?). The more like the average sale your property is, the greater the demand is…[Read more]

quote:
I live O/S & therefore it is quite difficult to find and research properties at the rate I would like to.

How about looking for appropriate places to wrap in your country of residence? There’s nothing magic about Australia and wraps (in fact if you look at the laws, there’s quite a bit of “unmagical” stuff! [xx(] ) What country are you…[Read more]