Originally posted by kay henry:
Noone here asks the mortgage brokers how many properties they have, and yet, they are hugely respected. If they had zero or ten, I would still find their advice and information excellent!

I ask the mortgage brokers I listen to whether they invest in property…and a bit of a discussion with them clears up very…[Read more]

Right now rental returns are so low that you can get a nicer house through renting then you can get through mortgage repayments.

Also why tie up your equity in a PPOR when you can leverage it into IPS.

Frankly there are plenty of good points on both sides of the fence of this discussion – and you can get there following either a PPOR or rental…[Read more]

Rolf Latham
http://www.asapfinancial.com.au
02 9808 2080

He’s fantastic!

Being in Sydney is incidental – I use him & I’m not in Sydney.

Cheers,

Aceyducey

Originally posted by Jaffasoft:
About the economy…it makes you wander where it’s heading.

The economy is a roller coaster, it goes up, it goes down…

Experienced investors sell the tickets, they don’t buy into the ride.

Cheers,

Aceyducey

Originally posted by Julia:
Considering the bouyancy of the Aust$ I have sudenly become interested in these so by replying to your post hope to bring it up to the top again to get any extra input by possible current investors.

I AM a current investor

Cheers,

Aceyducey

Michelle_G,

Consider some form of Unit Trust. It makes it less painless to sell out of the project & easier to distribute profits effectively.

2nd option would be a company – but have to pay taxes in the company & distributed franked dividends to get profits out effectively – more work, not quite as effective in many cases.

Avoid partnerships -…[Read more]

Calron,

Insufficient information to even interest me in contacting you…

How much are you looking for?

Where is the development (Country/State)?

What’s the possible return level?

What’s the timeframe?

How is the investment structured?

Why have you waited until there’s only a month left to look for the money you need?

Cheers,

Aceyducey

Shar, get a second opinion! From a property investing savvy accountant.

Yes it’s not worth getting a Trust in place if you’re buying one investment property….but don’t you intend to buy many more than one over time?

Get the structure right at the beginning & it will save you a motzah (plus time and stress) down the track.

Cheers,

Aceyducey

Originally posted by WallFlower:
What does one property investor say to another property investor?

How about..”I’m looking in an area i won’t disclose, for a property priced between $10.00 – $300,000, my figures (which i can’t show you) say i should make X amount of profit, that’s why MY bank will lend me so much. Now stop staring at my…[Read more]

Try this thread from Somersoft – it’s an FAQ of investment terms: http://www.somersoft.com/forums/showthread.php?t=9382

(thanks for permission to link to it Jas)

Cheers,

Aceyducey

Brettso,

There’s a card in Cashflow 202, to paraphrase it says…’Fantastic property deal – while you think about it, the player on your right snatches the deal from between your fingers – pass this card to the person on your right’.

I suggest you consider this deal in the same light.

Grab it or lose it

Cheers,

Aceyducey

GEo,

To start with,

How is the partnership structured?

Is it actually a partnership (bad idea – unlimited liability jointly & severally), a company (private or unlisted public), a trust?

I’d advise that you seek professional advice on this too – it’s a complex and delicate situation.

Cheers,

Aceyducey

Getahead – in the top right corner of the window is an icon of a rectangle (right next to the red cross). Click on this to maximise the window to the screen.

The page may not extend all the way across – as the forum has been designed to support a certain screen resolution (800×600) so that people with smaller screens can view it correctly. It’s…[Read more]

To act as a buyer’s agent you must be a registered Real Estate agent in all Austalian legislations to my knowledge.

Calling yourself a ‘spotter’ instead of a Buyers’ Agent provides no legal protection to my knowledge.

Why do people want to be spotters?

Better to be investors.

Cheers,

Aceyducey

Some people do – some people teach.

You can learn from both types of people.

Cheers,

Aceyducey

Footsteps.

Try this: Take off my skin — I won’t cry, but you will! What am I?

Cheers,

Aceyducey

krazystyler & others,

Check out the Somersoft forum – there are two large groups of property investors meeting regularly in Melbourne. Take your pick!

(and say hello to Ruby for me)

Cheers,

Aceyducey

Monopoly,

You can make a written offer anywhere.

If the vendor accepts it it can become a contract – otherwise it’s simply an ambit claim

We frequently put in multiple offers – you just inform all the agents that you’re doing it & that you’ll be accepting the first X that come back…if you can, do all the deals that come back

Cheers,

Aceydu…

Back on the original post – ANYONE can find cashflow positive property.

There’s no trick to it, just a lot of hard work.

I would NEVER pay someone to find me a property, as I have the skills to do it myself.

I encourage everyone else to do the same.

In the final analysis if YOU can’t assess and locate the right properties for you, trusting…[Read more]

To me this says, buy somewhere else

Cheers,

Aceyducey