No but when you do please let me know – do they have a web site etc …Phil

I charge 1.5% and I use a property purchasing anlayis kit I designed to save time and arguements.

Phil [suave]

As it is your residence I think you will be OK, the Coast is performing will for first home owners at this level up there, ask mortgagehunter on this site (simon) he lives there.

I think that that information technology has played a major influence in this cycle, we are more aware now in a instant of time, could we communicate at this level 20 years ago NO wow what about the next 20 years what do you think?[grad]

It depends if the broker works from home and has no qualifications – there are many better qualified brokers who used to work for the banks you just have to keep hunting, good luck.

Do the tennants have children – you can employ a maintence person to look after it which is deductable – generally they are a pain in the butt – good luck.

Politations should be made to run their own business in the black before they enter parliment and play with our tax money !!![satan]

You have to question if the market in Sydney will be a better CG over time to offset tax charges and secondly there may be some good buys comming when people panic.

When realestate prices drop people panic and pull out same as the stock market but if there was a 30% discount in a supermarket people buy???[blink]

It is only a matter of time before other states follow this line – we need to think four dimentinal on this one.

philip@residentialwealth.com [upsidedown]

a town not mentioned is Blenheim in the Marlborough region which is on the top of the south island and is the largest GRAPE growing region in the Southern hemisphere.
Harvey Norman has just moved in and there is plenty happening with a good population and is known as the number one sunshine state of NZ … good hunting.

Hi Simon whats cookin, yes I know several brokers/companies that charge between $2,995.00 – $10,000.00 as a fee for service – new scam if you ask me … regards Phil

philip@residentialwealth.com

1.5 million in one year – how – develop property!!

50 blocks at $30,000.00 + $50,000.00 dev costs + $5,000.00 holding costs = $85,000.00 wholesale then sell for $125,000.00 to waiting builders = $40,000.00 gross profit x 50 = $2,000,000.00 gross profit – tax = net profit all with no money down.

Thats why developers get rich, look at the names on…[Read more]

I agree with Kaye Henry – a property millionaire is EQUITY based and can be no other – 1 mill property and 1 mill debt = 0

Markets change quickly you must reduce DEBT quickly to build wealth and repeat.

I would rather have debt reduction on a property rather than be $5.00 positive cash flow and not reducing debt – very dangerous – it is going to…[Read more]

This reads as a yearly tax of 0.4% PER YEAR for any properties other than your own home in NSW.

Queensland is looking good to me how about you.

philip@residentialwealth.com [cigar]

go to http://www.nsw.gov.au for the manuscript

People who are highly debt geared are walking in a mine field, save hard start small build confidence then leverage your equity, also get local advice and don’t be too bothered what is happening in America, good luck regards Phil

If you think it will or you think it wont you are probably right.

Property is a long term savings plan (super) I have not met an overnight millionaire, you can make money in any cycle, in fact I hope the interest rates go to 10% tomorrow because I will be picking up some great bargins. Regards Phil

Yes I am a negative gearer and a positive cash folw person as well, I invest in all types of property and am now developing land subdivisions which is very exciting because you can get free land to build properties on.
To advance the origional question I would like to know how may people on the site own any property at all who post comments. regards Phil

Why is it important for you to accept the fees after settlement, normally the fees should be discussed before you enter into any transaction.

Hi Chan is ez-rent tax compliant (aussie) regards Phil

O.K I give up … why do you want to go to Vietnam to do a course when you can stay home home and get more benefit in Aussie … or is it like HK …spend more money travel to further destinations therefor the better the value … are you really that gullabul … I’m confussed or should I give you my bank account details … sorry for the scarcasim. Phil