Hmmmmmmmmmm!

Salicious, I used to work with ALOT of white rabbits (as a scientist) but I can tell you that I ABSOLUTELY have never been sexually attracted to either of them.

Are you nuts!!!!!!!

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

thanks also for your LO advice. That’s one area I hope to gain more knowledge and experience on in next year.

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

check out also http://www.moneybeans.com

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

Another great accountant re-tax structures in Melb is Dale Gatherum-Goss. Although we have personally not used him, just familiar with his books.

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

We are in Adelaide but use accountants in Melb. Is there any reason why they have to be in WA?

The transactions still require phone calls, faxes and emails no matter where your accountants are.

We have used Active financial answers in Melb, they are investors and definantely know how to advise their investor clients.

No is (07) 5479-4455, the…[Read more]

Hi Yidn,
Love your posts, you obviously are very well read.

We have done a few renovations, where we compare the “quality” to what the market in the area is demanding. Ie if the house is in an area where there are alot of generation xers and their young families, we include easy care polished floors, built ins, average kitchens and secure…[Read more]

Hi Paul and thanks for your input.

Increasing the purchase price by 15% in 5 years. Is this a good enough projection of future price? I would have thought 15% in 2 years would have been sufficient.

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

Thanks Yidn

with your numbers, they will be short $24,000 by the end of 5 years, and you are saying that its the T/Bers resposnibility to come up with the difference. OK, makes sense.

So what is the general rule that you use on lease options?

Looks like an increase on 10% per year on asking price and 22% rent credits, would I be right?

Could I…[Read more]

anyone!!!!!!

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

Hi erwanjg

I think you probably know the answer to your question. If you don’t want to do a JV, the only other options are finding a “no money down” deal or keep on learning while you save up enough of a deposit to buy a property on 80% LVR. Or consider some creative strategy to bring in profits such as lease options or sanwitch…[Read more]

and yes, the option fee is also credited to the purchase price.

The whole idea is that they have 20% of the purchase price at the end of 5 years!!!

Like I said, this is my first deal (have not done it yet, just playing around with numbers)

Any other suggestions?????????

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

Hi Batts,

thanks for the info,

you are correct, I structured this deal so that the T/B pay out their 20% deposit for the deal in the 5 year period, that way they can come up with the 80% by traditional financing.

The thing that concerns me the most about lease options is, if they are structured in a way that they had less than 20% saved by the…[Read more]

All the theory can be learned, but you need money to start. Michael is right.

Developing is NOT FOR BROKE PEOPLE.

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

thanks Gross,
I look forward to your input. People sometimes just want to look but not comment (I do this sometimes). If the figures were wrong, someone would have jumped down my throat by now. People love to tell you when you dont have it right, with great pleasure.

I dont think there is a right or wrong in lease options, I just wanted other’s…[Read more]

hi batts,

I agree with gross, ask questions of people who do it, we’re all here to help, I buy commercial properties, but it would take me a week to write down everything I know, have to hit me with a specific question.

Re books, there is not alot out there, one that I read is “How investing in commercial property really works” by Martin Roth…[Read more]

what state are you in?

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
bricksnscience@optusnet.com.au
phone 0412 437 582

we sold a commercial property last year to a person that did just that! so it is achievable!

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
bricksnscience@optusnet.com.au
phone 0412 437 582

I’m a little confused?

What you wan’t to do is buy a commercial property and lease it to your business?

Are you buying under company name that is different to the business you will be running in the property? If so then, its achievable.

repairs and manintenance are not assumed to be part of a commercial contract. Normally they are paid by the…[Read more]

Hi Mary,

The laws depend on what state you are in. Normally you “assign” the deal over to an other investor, or use the and/or nominee clause to nominate a 3rd party. If you don’t have a property under contract there is nothing preventing your clients bypassing you and going directly to the source, that’s just the risk you take.

The forms you…[Read more]

batts
you are correct, any equity available in the property belongs to the home owner until such time that the tenant/buyers exercise their rights to buy. The seller of the property has the right to use equity and claim depreciation before the option has been exercised and the propery according to tax laws is treated as a rental property.

Equity…[Read more]