Awesome. Look forward to meeting you guys. I will be the guy with the beautiful lady next to me (my wife). See you there tomorrow.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

I’m with trueblue on this one. Through the scenarios up here and chat about them. You will leran heaps and save heaps. Also check out another accountant. $475/ hour I would want a chauffer limo pickup.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Andrew,
The thing with owning your own IP is leverage. This game is all about leverage. You want to own as much as you can with as little down as possible. So for example.

you buy $50K worth of property funds, you now own $50k worth of property funds.

you buy $250K worth of property (80% lend with deposit of $50K) OR
you buy $500K worth of…[Read more]

To me it is all about a paper trail. If you want all the deductability then your wife lends you her portion of the deposit at exactly the same rate as she pays (therefore neutral transaction). Therefore you are borrowing the whole amount. If you need to go this far (check with an acct) then it is a matter of a piece of paper signed and dated when…[Read more]

Hey cherrie,
Drop me a line at deero@optusnet.com.au

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

You’ve got my attention Sooshie. What type of properties are these ? Could you explain the situation a little more. It sounds like a deal worth looking at.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Try this fellow,

http://www.gatherumgoss.com
Dale is the man and I use him and I live in Brisbane. He is a moderator on Somersoft forum and answers question sin the API Magazine so he is not too bad.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey G,
Simply make the offer and make settlement 5months from today. Use a solicitor to draw up the contract and/or do the conveyancing yourself. A third party will make it more clear that the transaction is transparent.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the…[Read more]

Time, property improvements are two things that come to mind. If they cannot refinance then they will have to wait until they can.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Huey,
Mate I still think that maybe the best option is to loan them the deposit then you are not carrying a massive debt. This will also enable them to get the FHOG to add to the deal. I think if it was me then I would go the way of deposit then if things did go wrong then I only have a small amount of money tied up in the deal.

This will…[Read more]

Hey H,
you certainly can Vendor finance them. The trick is to decide what you want to charge them so you both feel confortable. Also you would want this to be contractual just in case things get messy. Often people think they won’t but it does happen. Another option is to lend them a deposit at an interest rate (also contractual) so they can buy…[Read more]

My only thought Jelly is that if the dal works for you make it happen. If that means going to a bank which is not so narrow minded then do it. Just be sure of your numbers and be confortable with the risk.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Regina have you tried value adding ??

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Martin,
Welcome to the site. The ways to turn this investment that spring to mind are
1. Wrapping it to get better cashflow.
2. Accessing the equity in the property to buy other properties that suit your investment goals.

By the way What are your short, medium and long term goals ? Where do you want to be in the future. Think about this and…[Read more]

Well done Rick,
Hope this is a great stepping stone that will catapult you into property investing. Don’t let ne be it keep on plowing into this website oand any other material to educate yourself.

Well done……….

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the…[Read more]

In Qld you cannot do an and/or nominee clause and substitute someone along the way unless that person was originally intended to be the nominee prior to signing. A double stamp duty is payable (one for you one for them) and unfortunately that is the law. Wouold be nice to source a good deal and then Flip it on but the long way is slightly less…[Read more]

Hey DJ,
Maybe it is worth putting down your purchase costs and rents and present values of the two you have. Through them out here and see what we can see !! Maybe give you some help.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Personally I factor in 4 weeks. In my paradigm if I have a property that takes ,longer than 4 weeks to rent then I will sell it. I feel that as part of my due diligence I should be finding properties that meet my needs. Just how I do business.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited.…[Read more]

Hi DJ,
Good to have you here. My thoughts,

1) Why not try isiting various offices as a tenant and asking how you go about renting houses. Look for the agents that do showings (not hand out keys) and seem to take an interest in you. Next go back to the same place and tell them you are a property owner who wants to let a property and ask costs,…[Read more]

Does this fellow have a website were people can find out more about him??

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein