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]

Indeed! That is from the excellent book ‘Influence’.

I have it in my library.

https://www.amazon.com.au/influence-Psychology-Robert-PhD-Cialdini/dp/006124189X

– Steve

It’s going to depend on the scope of the works, and how urgently you need it done. The bigger the scope, and the higher the urgency, the bigger the cost. In respect to the legals, I would have thought circa $1000, less if you package it up with the conveyancing.

– Steve

Hey Donnie,

Yes, this will be a problem unless you are the owner. A builder would be my trade of choice.

I think the best way forward is to get the owner’s permission to do what you want to do once the property is unconditional. This is usually agreed as a special condition, but I would visit a lawyer to see if (and how) it can still be done…[Read more]

I noted today that the company, Folio Property Pty Ltd, is being ‘struck off’ the ASIC company register. I recommend everyone who lent them money get legal advice asap.

https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=u3a5q07nx_4

Regards,

– Steve