he definately DOES have something negative to say about Rick Otten, but don’t let that deter you, does Jenman ever have anything good to say about anyone?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

Paul,
I have the rent to own pack and think its excellent, is the bootcamp an addition and what does it offer over and above the rent to own pack?

I’m only interested in lease options not wraps

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

Hi Carlin

just one last piece of advice, try also talking to the Landlords association of SA, they are pro-landlords and know the rules, they may be able to give you some advice that we at this forum are not aware of.

Don’t have their number at right now, probably in my car! but if you can’t find it, let me know and I will look it up.

Also if…[Read more]

I dont think there is a way around it apart from selling it at market value to the trust and coping the stamp duty (we are also in this situation as we didnt have any legal structures when we started investing)

Best thing to do is purchase all future properties in the name of your trust and borrow out the equity of the one in your individual…[Read more]

You hit the nail on the head Don and Liz, people seem to cut up their credit cards because they themselves are out of control. Just like people don’t want to have certain foods in their fridge because they have no self control to keep away from it.

Funny that!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents,…[Read more]

Hi Yidin,
We have never worked with weatherboard houses, I like the more up market ones, but we have taken red brick houses and rendered the front, that seems to work well especially if there are other modern style or newer houses in the area.

I’m surprised no one else has answered to your post, I would have thought that many people on this forum…[Read more]

Ricks rent to own pack is a must if you are serious at lease options, but just like any other guru course, if you dont implement the strategies, then its a waste of money!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

great one cata, it brings up horible thoughts of my grandmother though!!!!

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

why isnt the loan in the trust name to begin with? Or are you making a loan to your trust?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

because of the costs of running a company trustee, ie accounting costs, minutes setting up etc. It makes more sense to have one company running several trusts.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

try looking up barbara Griffith (Minimogul) from this site, she has some deals on a regular basis, email her and ask to be included in her distribution list so you can see what she has

Westan, also from this site is another one that has NZ deals every now and then.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate…[Read more]

and a better way of asking the same question is

HOW DO I MAXIMISE MY PROFITS ON THIS DEVELOPMENT

that way the ATO dosent start jumping up and down

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

My personal opinion is that landlord insurance is not really worth it for tenant arrears. We had it once (CGU), tried to claim a loss and they told us that the bond should cover it. This was in the early days when we had a “professional” agent taking care of the leases and there was no bond!

We buy properties in Adelaide. Immediate Cash…[Read more]

Hi Carlin

Has the tenant been evicted? Did you give him a form 2 after 14 days that the agreement was breached?

Do you have 4 weeks of bond to cover some of the losses?

My guess is that you may be able to keep the bond, but not be able to do anything about recouping the rest of the money. Especially if he dosent have it.

Let us know how you…[Read more]

who’s Robyn?

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

my caution is dont buy anything without getting comparable sales in the area.

Some of these people inflate the rent so that the gross rental yields are higher and sell at above market price. With the extra cash they recieve, they can afford to “garantee” the rent.

Do your own due diligence, ring rental managers that are not associated with the…[Read more]

yep
bought a commercial property in NZ at 13% return in June this year.

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

Hi N

High cash flow properties are unlikely to have a huge capital growth and will tie up your equity. Property that does appreciate quickly is likely to be negatively geared, which means that you have to fund the shortfall. We personally dont buy anything negatively geared no matter what the promises are. Instead we try to create “active” equity…[Read more]

Can answer qu 2,

We have used Active financial answers in Melbourne, they are investors. The accountant we used was Martienne Freeth (03) 9699-7310.

Hope this helps

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582

thanks Keneth for taking the time to write those posts in full detail. You sound like a very well balanced person.

I’m far from it, but working on it.

Xenia

We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
bricksnscience@optusnet.com.au
phone 0412 437 582