Total Members: 140,867

zen

  • Hi Team PI

    Do any of you know the pros and cons of investing minimum $10k into a property development fund that has no management fees, no entry and exit fees? Theres a monthly ROI which we can reinvest.

    I’m contemplating to invest in one.

    Thank you for your answers in advance, appreciated.

    zen

  • Hi Team PI

    Do any of you know the pros and cons of investing minimum $10k into a property development fund that has no management fees, no entry and exit fees? Theres a monthly ROI which we can reinvest.

    I’m contemplating to invest in one.

    Thank you for your answers in advance, appreciated.

    zen

  • Hi Team PI

    Do any of you know the pros and cons of investing minimum $10k into a property development fund that has no management fees, no entry and exit fees? Theres a monthly ROI which they can reinvest.

    I’m contemplating to invest in one.

    Thank you for your answers in advance, appreciated.

    zen

  • @Steven what was presented was an introduction to real estate rescue where you buy properties below market price, renovate and rent out or sell. Properties that are below market value is due to reasons of the seller such as marriage break-up, banks looking for new buyers to service the mortgage etc…for whatever reason, the properties are good,…[Read more]

  • @Steven what was presented I was an introduction to real estate rescue where you buy properties below market price, renovate and rent out or sell. Properties that are below market value is due to reasons of the seller such as marriage break-up, banks looking for new buyers to service the mortgage etc…for whatever reason, the properties are…[Read more]

  • Hi Steven

    Yes I attended her free 3hr workshop last year held in Sydney city (forgot which hotel) and the strategy she uses is effective if put into practice like all other strategies, learn, train and apply until succeed.

    To get her to teach you further training session from the introduction workshop will cost thousands and the reason I…[Read more]

  • Appreciate Corey and Terry. Yes Terry I think thats the word ‘service’ to qualify for the loan.

    Corey will hit you up tomorrow mate.

    I’m off to watch aussie ninja warrior on telly :)

    cheers

    zen

  • Hi PI Team,

    I hopped to my bank with a smiley face to enquire if I can transfer my existing first investment property loan (interest only) from Bank-A to my personal Bank-B (P+I loan) and to have my salary be put into the off-set account! The banker said to me with a smirk on his face that I will need a higher income from mine ($50,000 after…[Read more]

  • Thanks heaps Corey and Terry, appreciated.

  • Hi PI Team! Hope you all are well.

    Question, can an investor (me) use his line of credit on from his first investment property to finance his holiday in december? Or will this affect the investors tax? Or should the investor simply go for a personal loan for the holiday?

    Thank you in advance for your comments.

    zen :)

  • zen replied to the topic SUNSET CLAUSES in the forum Value Adding 8 months ago

    Happy New Years PI Team!!!

    Quick question, can a person who bought an off the plan apartment (2nd investment) via $1000 deposit and needs the remainder 5% next month (feb 2017) and have already signed the contract with the lawyer back in october 2016. Can he cancel/terminate the contract due to change in circumstance to his financial hardship and…[Read more]

  • zen replied to the topic SUNSET CLAUSES in the forum Value Adding 8 months ago

    Happy New Years PI Team!!!

    Quick question, can a person who bought an off the plan apartment (2nd investment) via $1000 deposit and needs the remainder 5% next month (feb 2017) and have already signed the contract with the lawyer back in october 2016. Can he cancel the contract due to change in circumstance to his financial hardship and he wont…[Read more]

  • Hi Denis, in a nutshell its exactly what Benny said.

    I attended their one hour meeting via webcam (skyp) & the presenter wanted to mnow my goals, vision and what service they can bring to meet my needs. Example, property, minimise tax, shares, super etc the usual.

    After the meeting they mailed the original agreement document for me to sign so…[Read more]

  • zen replied to the topic The True Power of an Offset Account in the forum Finance 1 year ago

    @Jamie, thanks for your article on IO loan for PPOR intention for my place to be an investment property in future. Good to know these tactics.

    @Terry, thanks for your examples, great to know the insights before delving in at the deep end.

    @Alistair, good article, learning heaps from you guys.

    Cheers

    zen

  • Appreciate Colin your thoughts on the options. My conveyancor got back to me with a letter from developer lawyers and they do not want to reduce to $340k. I ask my broker to proceed with the lender, suppose to settle mid-September, and titled end of September and hoping to get a tenant in there during October. my first investment property and…[Read more]

  • Hi Team PI

    Happy Spring!!!

    I’m at the same stage, contract price for my first investment property ‘townhouse’ is $350,000 and my broker came back to me with first valuation from PRP $330,000 and the second valuer was at $340k. My initial deposit was $17,500, if I decide to walk away I think I may lose my deposit!

    What are my options?

    1) Am…[Read more]

  • Thanks Benny – thanks for confirming the scenarios!!!! Awsome!!! Yes will see accountant re: to distinguish percentage property purchase/inspection vs holiday (seminars, apprenticeships in property, etc).

    Thanks Terryw. Looks like one must treat their investments like a business in order to get the applicable/allowable deductions.

    Many…[Read more]

  • Great question Coogee and thanks Terryw – good to know all these info in advance.

    zen

  • Thanks Terryw. I guess having a business in buying real estate these costs maybe deductible.

    zen

  • Thanks Terryw. I guess having a business in buying real estate these costs maybe deductible.

    zen

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zen

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