Forum Replies Created
HI all,
I also have read Steve’s book and have identified my first positively geared property for purchase. I need direction about establishing the correct trust structure to continue gobbling up positively geared properties, as is i can probably only afford to raise one deposit per year. I am Australian and live and work here, i asked my accountant about it but real estate is obviously not his forte although he did set up my SMSF. Please help or direct me to the most appropriate forum thread.
Thanks for the info. Love this site!
Terryw wrote:In NSW see the standard contract for the sale of land. There will be a few special conditions added[/quote]
In NSW? I have seen some you can purchase off legal websites..
Does anyone have any links to or drafts of a basic vendor finance contract? Also how does one go about scrutinizing the buyers serviceability, is it simply a matter of asking to see pay slips, letters from the employers stating length of service etc?
Qlds007 wrote:Thru the Buyers Agency arm i run with my business partner we look at a couple of other important drivers in relation to property proximity, university / hospital location in the town etc.
So the issue i have is quantifying this, i.e what distance should the property be from these services and how deeply do i dissect this information for instance the availability of public transport would offset the negative affect of distance from dwelling to the university, but i would imagine this would also be further offset back in favour for a minimal distance of say 40 km to the nearest uni if the next closest was 1000 km. Please help if you can recommend some reading or half decent hard and fast rules.
Hi all,
i am interested in purchasing + geared properties in regional NSW, the following are stats i think are important to look at, wondering if you guys had any to add and if you had any idea hoe=w to quantify this data or had a baseline to work from which would indicate whether the stat is + or – for investing in the area. Thanks.
Vacancy rate: 1.5 – 3% Employment rate :Capital gains increases: Population: Scarcity growth rate:Future developments Local Industries:% New houses built Avg incomes
From my experience with USInvest I took away two things, the guy on the other end of the phone trying to sign me up to the membership was working on commission and was very pushy and the second thing was when I asked if I could get a live referral from an existing client I never heard back from him.
