Hi,
The only real passive income I have is a small storage unit in Melbourne. It came with a great huge 6*6 year lease with full management. I paid cash up front (so no debt) and it faithfully deposits $50 each month into my bank account. I’ve got a stack of shares geared up with a margin loan and they return dividends enough to pay the loan…[Read more]

Body corporates must be set up in any situation where there is common property such that no one owner clearly has sole responsiblity and ownership rights.

Generally this covers driveways, nature strips and shared gardens or carparks. I would image this would be the case in the situation where the duplex shares teh one roof and joining wall.…[Read more]

What you say, Minimogul, is true. It is possible to get CF+pve property that rises sharply in value. However traditionally chashflow rich places are exactly that becasue they have historically shown low or no growth.

Regional centres have for many years suffered from the young’uns up and moving into the city. Only recently has there been a…[Read more]

In general land appreciates and building depreciate. I think (also in general) people want houses that are nice to live in. This usually means new houses but an old house with character and charm that has been renovated so it is not smelly or impractical is just as good as a new house.

All things being equal the same block of land with a new…[Read more]

Hi,
The sale of a house is not too different from the sale of anything else.

If you were at the market and busy haggling with the storekeeper over the price of a jacket and another person entered the fray offering more than the original price the store keeper can so “sorry mate I’m selling to this guy who is offering me more” and that’s that.…[Read more]

I’m buying. I agree in principle with you g7 but I feel in the areas / markets I’m buying that time is now.

I just bought a block of land and getting a house built on it. I’m getting $6,000 off the house price (to stop me going to a competitor) and $2,600 worth of landscaping for the block as part of the deal. Not to mention that the block is…[Read more]

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=wa&c=14988277&tm=1112674899&id=102122944&f=30&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

And in case the link doesn’t work:

$188,000
MANDURAH
Located in fast growing community of Waroona is this great investment. Currently tenanted as commercial laundry depot @ appox: $1800.00 per month. Leased…[Read more]

Especially if you have no job always go for what gets you more money.

Personally I couldn’t enjoy a holiday knowing I was blowing all my money and would return with nothing. I think my partner would understand and probably appreciate my investing for the future.

30% return on $20,000 = $6,000 / year. Considering you are putting in $5,000 you…[Read more]

You’ll need a solicitor that’s for sure.

But I thought:
1. If the flat was renovated (assuming a good job) then it would rent for more money.
2. The tenant wouldn’t want to renovate themselves out of an affordable flat.
3. You can’t promise the flat to the tenant forever nor can you not claim a higher rent for a better flat.
4. If the tenant…[Read more]

Hi,
The amount of the deposit is not a mandated quantity, nor does it help or hinder the vendor. The deposit money is help in trust upon settlement where it is released to the vendor as part of the settlement money. As such at $1 deposit is legally and financially similar to a $1,000,000 deposit. Failure to settle after the contract has gone…[Read more]

There is the ability to roll over capital gains from one asset to another, though in Australia that is only avaialbe with certain business sales and not with IPs.

I think it is called rolling over one “active” asset to another “active” asset. However once the final in the chain of assets is sold the CG crystalises on all previous events and…[Read more]

Hey thanks everyone. Exactly the sort of info I need. Now I’ve got a few “buzzwords” to search the net on. I often find that the hardest part when researching something new.

I’ll do a search for the terms G unit and H unit. I also like the idea that by getting a remote you don’t need to wire in extra controls. Sounds good.

I’ll be getting…[Read more]

Yeah, sell the worst tenant rather than try to evict. Selling is quicker and easier and you get money at the end of it[biggrin]

pay down the loans on the other two better propeties and then see where you sit.

As for shares: well I’m just now selling my shares (should have sold 2 weeks ago but…) as I’m seeing interest rates rising, US economy…[Read more]

It’s a fairly standard referral system. That is if I go out and, having bought through Devine, evangelise about the wonders and such which leads to more customers for Devine they pay me for the effort and the reason I’d feel rather inclined to refer and overlook minor stuff ups is that I know the person I refer on will get a dishwasher.

Now, I’m…[Read more]

I’ve thought of alpine apartments, but I had one major consideration:

Global warming.

Sounds a little dire, but hear me out. It is a well proven scientific fact that we are changing our climate and that change is an increase in average temperature. That will lead to reduced snow yields and shorter snow seasons without a doubt. Of course this…[Read more]

Hi,
Well I’m not sure what you mean by claim, but:

To borrow funds the bank needs to know how much the place is worth (they’ll do a valuation) and they need to know how much is to be borrowed (loan to value ration: LVR) and then how much net income the borrower gets.

There are legal fees (land transfer, title search etc…) and loan application…[Read more]

Hi,
Yeah I though of that[biggrin]
I checked their testimonials and such, but they only use their first names.

Anyway, I’ve got a name now. I cross posted to the Australian Hayabusa Club forum (the motorcycle club I belong to) and one my biker brothers came to the rescue. He bought one about 4 years ago, made a stack of CG during the boom and…[Read more]

Still not one name?

Hard to beleive no-one here even knows a single person who has bought a Devine home. Hard also to believe no-one knows someone who knows someone!
[blink]

I just need a name, no other details, just a name oh please wont someone give me a name? My kingdom for a name.

Hi,
I know one thing that wont endear you to many agents and that is putting in lots of low-ball offers hoping one will stick.

The concept of “below market value” is a bit fuzzy anyway. For example: Buying a house that has just come on the market and only listed with the one agent you might then be able to advertise it in other cities / states…[Read more]

I guess I have to say that so far my experience with Devine has been positive. The fellow I’m dealing with has a couple investment properties, he is nice to talk to and has all the answers to the questions I ask (backed up by paperwork).

My view point is that it doesn’t matter what builder you go with as they will all screw, cheat, lie, steal or…[Read more]