Thanks Watto. You’re right. Typo fixed. :-)

Properties in regional areas tend to be more income orientated than growth orientated, but of course that is a generality, not a rule. Student accommodation is definitely an income maximisation strategy though.

Some questions I would work through:

a. Who is going to manage it, and at what cost?
b. Who is going to buy it off you? It will need to…[Read more]

Properties in regional areas tend to be more income orientated than growth orientated, but of course that is a generality, not a rule. Student accommodation is definitely an income maximisation strategy though.

Some questions I would work through:

a. Who is going to manage it, and at what cost?
b. Who is going to buy it off you? It will need to…[Read more]

Howdy ajg71. Thanks for the post.

Here’s the process to think though:

1. Are you investing for income (cashflow), or for growth returns?

2. Are you a passive or active investor?

3. What is your timeframe (investment horizon)?

4. What is your risk threshold?

5. How much deposit do you have, and what is your borrowing ability?

Answer the…[Read more]

Hi Flynn,

In the US there is what is called a 1031 like kind exchange, where you can roll a property’s realised gain in to another purchase. Australia does not have such laws, although there is capital gains tax rollover relief if you sell a business (in some circumstances).

To answer your other questions…

Is now a good time?

Well, it…[Read more]

Hi Flynn,

In the US there is what is called a 1031 like kind exchange, where you can roll a property’s realised gain in to another purchase. Australia does not have such laws, although there is capital gains tax rollover relief if you sell a business (in some circumstances).

To answer your other questions…

Is now a good time?

Well, it…[Read more]

Thanks for sharing your story. I’m really proud of you, and for you. Well done.

Blessings,

– Steve

An accounting structure summarises the way you own and control your wealth. The two options, from a high level, are: in your own name, in another entity (that you control).

The right structure is one that allows you to minimise your tax, maximise your asset protection, within the budget you have available to set it up and run it, and…[Read more]

Hi Kade,

What advice have you been given?

You could try my accountant, Mark Unwin (MJ Unwin & Associates) to see if he can help.

Just know things could change depending on who is elected and what policies they get through.

– Steve

Heck, this IS quite a story. It’s definitely one to get some legal advice on, but being a cowboy, will you be able to recover and collect anything even if you get a judgement? Is there any kind of insurance you can claim on? Government building scheme?

– Steve

Heck, this IS quote a story. It’s definitely one to get some legal advice on, but being a cowboy, will you be able to recover and collect anything even if you get a judgement? Is there any kid of insurance you can claim on? Government building scheme?

– Steve

Hmmmmmm. I’d be going to good ol’ Google…

This one seems to rate well:
https://www.oneflare.com.au/greenconcepts

– Steve

Hey Mark,

Thanks for the post. Wow. There was a bit in there!

Ive wanted to get involved in property ventures over the years but I cant borrow money because of my employment status and what most people at property seminars dont understand is that in order to play capitalism you need CAPITAL.

Very true! You need money to deploy – either yours…[Read more]

Hey Bullet46,

Thanks for the post and welcome back. Wow – that’s a simple question with a complex answer.

First up, well done on your efforts thus far. It sounds like your hard work years ago is paying dividends now.

The question I’m wondering is whether you have a lifestyle issue (i.e. PPOR), or an investing issue (i.e. Return).

If it’s a…[Read more]

Hi Jun,

It does sound like it is not a building defect, but rather improper waste being put down the sewer.

I suggest your friend get some legal advice, but as a starting point, if the blockage was caused on pipes in common property, then it would be a body corporate problem. If the blockage was in a unit’s premises, then it would be their…[Read more]

As usual, a great tip Steve. It’s surprising how many buyer simply don’t do things like this. Even when I bought a new remote control for my TV priced at $69.95, I asked the question “How close to $50 can you come to for me on this?”. And ‘yes’ I did get it for $50.

Indeed and well said. I just negotiated a $500 discount of a medical procedure u…[Read more]

Thanks for the tip Steve! I like your tip too Coatesman!
On Friday just gone I was trying to employ the the strategy of signing the contract with either a DD or finance/build/pest “get out” clause. The vendors had instructed the agent not accept any offers with “subject to” clauses. I thought this a little out of the norm. Thoughts anyone?…

[Read more]

What is a good get out clause?

A clause you add as a special condition to a purchase contract that makes the contract conditional upon (or subject to) that clause being satisfied. Common examples are subject to finance, subject to building inspection, subject to planning approval, subject to due diligence, etc.

The more get out clauses you have,…[Read more]

What is a good get out clause?

A clause you add as a special condition to a purchase contract that makes the contract conditional upon (or subject to) that clause being satisfied. Common examples are subject to finance, subject to building inspection, subject to planning approval, subject to due diligence, etc.

The more get out clauses you have,…[Read more]

Great one Steve. I recall a recent study that said if you use the word “because” it helps people agree with you even if the reason (of the because) is not entirely valid. Eg Can I step in front please because I need to use the photocopier (of a line of people using a photocopier) Apparently like over 70% compliance. Keep up the great wor…

[Read more]