I still agree with Dazz

the time it takes to read through their stupid policies to see what is claimable, is better spent looking for your next buy.

I hate insurance companies.

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

Hi Vernon

professional investors try to LEVERAGE as much as possible.

Interest only and variable is the goer for max leverage, but you have to also consider your own risk profile.

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

Im not an accountant, but I dont think you could claim any expenses (depreciation included) unless you have an income from that property to claim them against.

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

come on guys

I don’t believe this!!!

The guy just offered some free tickets, you either want them or you don’t

What’s with the psychoanalysing behind secret motives.

No one can upsell anything to you without your permission, you are not selling your soul by accepting the free tickets.

We’re all grown up boys and girls that have control over…[Read more]

try up market

also, calling the agent involved and asking. Maybe say something like you own the house in the next street and are thinking of selling, you want a comparative sale.

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

can anyone provide some real life examples of how some LO deals were structured

including

purchase price
strike price
term of option
rent/week
rent credits

thanks in advance

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

by the way, they ended up paying a greand total of

$120.00

We paid around $4000 to get everything back into a rentable condition!!!!

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

I totally agree with Dazzling. Most people hate lawyers, I hate insurence companies.

We have multiple properties with landlords insurence, I made one claim in 15 years with CGU under their malicious damage policy.

We got vacant possession of a propety where the tenants kicked in 4 doors, broke shower screens, screen doors, ovens, etc about $4000…[Read more]

Hi MRK

I can’t answer your question re-exact declarations that hsbc finance requires, but I would like to CAUTION you on buying a property with modifications not approved by council. Unless you are planning to demolish and develop the site, you are taking on a problem that may be very expensive. They could make you remove the back end of the…[Read more]

They are for sale from their web page for $895 each.

alot of them are being given away for free, which is better than paying $895.

I will be there, I think it will be worth the effort.

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

pp you need to calculate what your GST would be in reality, talk with your accountanat, it could potentially be more than your profits, leaving you with a loss.

Personally, I would run not walk away from this deal!!!!! The margin is not only skinny, it may be backwards

Sorry to be so synical

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

that’s the one we use too pp

It estimates a % profit at the end.

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

what state are you in

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

hi pp

that does seem very skinny. I would be going for >20% returns on a construction. Do you use any feasibility software to work out your profits?

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

hi ilerarner

why does the lender have to know what you are going to do with the property after purchase?

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

What are you guys talking about?????????????????????????????????????

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

[offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic][offtopic]

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

hi munji

from what you just said (10 year lease and 3% annual rises) sounds like you may have a great property.

Comm properties are valued based on their capitalisation rates (gross rental yield). If the cap rate of the area is 7% and yours is returning 10%, then it is worth much more than what you are paying for it.

Basically, in a comm…[Read more]

Hi Yidn and others,

Like I said, I’m fairly new to lease options and with investing I think its akin to ridng a bike, only experience can teach you how to do it properly, If you talk to me in a year from now, my strategies would probably have changed as some of this theory turns into practice.

For now, our main reason for adding Lease options to…[Read more]

The whole idea of this post was not whether we should love money or not its that being an investor means that you constantly get attacked for wanting to make money.

By people WORKING for money in JOBS.

When I was working as a scientist, I used to be attacked constantly by “animal liberationsists” for using experimental animals. These people were…[Read more]