I used an Agents Buyer in Vic (I live in NSW) namely Jack Henderson from Metropole Properties to buy my first investment property this year. The money paid was well worth it as I believe he got me a great apartment in a great location. He did all of the leg work, negotiating and followed through till the end. I would have no…[Read more]

Hope this helps
Shelley

Thanks for all your responses.

Shelley

Don’t ask your Accountant “Can I claim xyz?”

instead ask “How can I claim xyz?” A good Accountant will think of a way.

Shelley

Fingers crossed I will a tenant very soon.

Shelley

Regards
Shelley

Am just a beginner myself but similar position with regards to equity and cashflow. Have set up a HDT and just purchased my first property.

Hope this…[Read more]

Thanks
Shelley

Regards
Shelley

Regards
Shelley

I’m from Singleton and use a Sydney based Accountant by the name of Edward Chan. You can check them out at chan-naylor.com.au. I had an initial consultation and have since set-up a trust structure through them all over the phone and email so you don’t really need to live near Sydney to have a good accountant. I can thoroughly…[Read more]

As Coastymike stated Ed Chan from Chan & Naylor is very good. I use them and Ed is an investor himself so knows all the tricks of the trade. Check them out at http://www.chan-naylor.com.au.

Regards
Shelley

Regards
Shelley

Regards

Shelley

I’m no expert but have been getting set-up for investing over the past few months. I, too, am using equity in my PPOR to finance investments. I have set up a line of credit specifically for investment purposes and will use this to pay deposits, solicitor fees, stamp duty, etc and will get a bank loan for the balance therefore the…[Read more]

I know exactly where you are coming from. I was once in your position getting more and more frustrated with each phone call to agents.

Have you considered using an agents buyer. It takes the stress away from yourself and they have the expertise and contacts to be notified of listings before they even reach the net. Yes, you pay a fee…[Read more]

Start asking questions like that and an agent will probably hang up or walk out on you. They wouldn’t bother wasting their time.

Regards
ss2306

I use Edward Chan from Chan & Naylor Accts in Sydney and have just set up a trust structure through them. Very professional!! Check them out at http://www.chan-naylor.com.au.

Regards
Shelley

Depends on which state you want to buy in but if considering Vic I can thoroughly recommend Metropole Properties, in particular Jack Henderson who is their buyer’s agent. I am currently working with him in order to find my first property and have found him to be very professional. You can check out http://www.metropole.com.au.

For any…[Read more]

I don’t really know her mortgage or even debt details. Market appraisal happening tomorrow. I don’t want to pry too much into her personal liabilities but thought from the limited info I have given a few might have some advice. She doesn’t know I have done this. I am just trying to help her out as much as I can.

I am sure she…[Read more]

I should have added that she is struggling financially at present and by selling her house this pressure would be released.

She is thinking of buying a smaller house, maybe a duplex with not much upkeep required and only a $160K mortgage which should be more manageable.

My mum wants/needs to sell for a few reasons.

She currently has a mortgage for her PPOR, a loan for the coffee shop, $5K she owes me from when she set up the shop, credit card debt plus a couple of others I think. She hasn’t told me every debt she has but has said that if she gets what she wants for the house she should have all…[Read more]

Your right! More of an accounting question. It is a good idea to set up a trust for asset protection but also with a HDT you can personally claim any losses with a negatively geared property.

Using the search function look up trusts as there are and have been many posts on this subject.

Hope this helps.
Shelley

Which state are you from? If NSW I can recommend speaking to an accountant Edward Chan from Chan & Naylor (www.chan-naylor.com.au).

I, too, was/am like you not wanting to start investing until I had the right structure in place. My husband is in the highest income bracket but myself in the lowest. We are in the process of setting up a…[Read more]

http://www.chan-naylor.com.au.

Very professional, helpful and up-to-speed with HDT and IP’s.

Hope this helps
Shelley

I am currently dealing with them in order to buy my first IP and so far fantastic service and communicaton and well worth their fee as they know more about the area than I do.

Regards
Shelley

Look up http://www.investorsdirect.com.au

Regards
Shelley

Yes, I was in a position to settle on this property but at the last minute the seller pulled out due to major family problems. The house was a estate and I think the kids are squabbling over it. Anyway, it seems that all has turned out for the best as I have now redirected my interests and think I am on a much better path now.

Thanks for…[Read more]

Look up http://www.investorsdirect.com.au

Shelley

As for Tiger I am looking for a reliabile birddog myself as I am a mother of 3 young children and finding it hard to get started due to my responsibilities. I have contacted agents buyers via email, most of whom don’t bother to get back to me.

Which state are you from and which state have you found the deal?

Regards
Shelley (ss2306)

I myself have purchased 2 put and call options for land in the last 12 months. whilst they can be profit makers they can also be a pain in the backside. From my understanding (and I am no professional) there are two ways you can onsell the option

1 You can onsell the option for a stated price eg $10000. The purchaser pays you this fee, a…[Read more]

Thanks again
Shelley230672