Hi again Petria.For any professional to properly and with fiduciary duty of care to their client, one would need a basic Assets & Liabilities in combination with what your goals and concerns are. Ypu need to appraise the tax implications in line with your existing loan structures, your ages, self employed or PAYG, and so on……

Hi again Bedford.There are pest inspectors who use thermal imagery to see if there are any active termites in a structure which is completely non-invasive. I used one a few years back on a heritage listed IP where the inspector was not allowed to cut inspection holes to complete a visual check for termites. Yes, there had been signs of termite…[Read more]

PS: Think about it – significant termite damage seen superficially in the frame of house that is only 12 years old?

Hi Bedford and welcome to our little forum!The answer you seek is a simple one. You made your contract 'subject to satisfactory building and pest inspection'. Your inspector(s) have found fault that would need repairing by the vendor prior to you fulfilling your obligation to buy the property. If you are unsure about the actual underlying…[Read more]

Hi Petria.Too little information. You would really need to speak with someone who you can share much more information than you would probably need to expose in this forum to be able to help you proceed with solid wealth solutions for your current situation and future goals. If you can't seem to get that help, please feel free to drop me an email…[Read more]

Gotta love the way your mind thinks from the "Darkside" sometimes Scott – thank goodness for Terry's opinion just to put a little balance back in from the  "Force".

PS James.Any hassles, feel free to drop me an email below.And thanks. It's always great to know just a small amount of perspoective has put you more at ease.All the best with the lawyer

Hi again James.With the internet and digital phones the days of requiring a broker in your own neighborhood are fast disappearing.  Speak to a few brokers and checkout websites and try your best to make sure you find one that understands the mindset of a property investor and structures your loan(s) accordingly. As Jamie so rightly said, the best…[Read more]

Hi Jamie.Gee, fast on the keys tonight!

Hi James.There are a number of really good financial specialists you can call upon in this forum. Yes, we are one, but there is also Jamie (JamieM) in ACT at http://www.passgo.com.au/  and Richard Taylor (QLD007) at http://www.tayloredhomeloans.com.au.

Let me make this absolutely clear. From what you have said there is NO way the Vendor has a right to claim a loss against you for alleged breach of contract. The Vendors ONLY claim would be against the Real Estate Agent. The Vendor, through a legal mouthpiece, wanting to claim YOUR deposit as compensation is TOTAL & UTTER GARBAGE! Please, speak to…[Read more]

I smell a rat here. You've paid the deposit and can legally prove you met your obligations for consideration under the real estate sales contract; the real estate agent has admitted fault; you still wish to proceed but the vendor now, through a solicitor, is claiming damages and loss! Hmmmmnnn. If I were to put all that together and predicate an…[Read more]

The authors of these blogs and websites who advocate the property bubble is about to burst see themselves as guerrilla cells working to detonate Australians' warped obsession with property, which they see as fuelled by low-rent property spruikers and a hopelessly conflicted media empire that makes money out of selling property advertising.…[Read more]

Hi Edmond.Send your questions to an Aussie mate of mine at  jim@investuspropertygroup.com.au who specialises in helping Aussie's deal with the legalities of LLC's and all the other legal's and tax requirements associated with setting up for US investing. Any problems, feel free to send me an email below and I can get you some solid answers…

Hi KateWe could probably be able to give you a hand in Launceston. Feel free to have a look at our website and if you feel comfortable doing so, please feel free to send me an email to my address below. It's also nice to know that you have been reprieved from the clutches of one of those east coast investment property floggers! Also, I do hope…[Read more]

Luke Guilford, Carly Crutchfield & CCorp, Premium Finance Services, A Better Choice or ABC, Optima Equity Solutions, Synergy Pacific, Jardine Pacific…… All the same. East coast wealth creation gurus who just want to flog you something and make some REAL EASY money from the novice's out there

Well put JacM

Hi Geezer.Jamie makes valid points but the one that really needs answering is: are you actually going to have a lease agreement (would have to be periodic) and then there are complications with this alone. You need the lease document to prove to the ATO that you were indeed renting the premises. The use of a Quantity Surveyor to depreciate your…[Read more]

Hi Wanderwoman.If you can produce at least one other person, even a Real Estate Agent, to confirm the seats had indeed been changed, I would go to the police and make a claim of theft and that you can support this theft with a sworn or affirmed affidavit from yourself and at least one other witness. At the very least, make the report to the police…[Read more]

Hi Julia.Welcome to our forum. Hmmmmmmnnn. When you have both a Real Estate Agent and a Solicitor (who all want to get paid) who are both ignoring your requests for a dated contract to finalise tells me there may be a rat in here. Is there a deal going on behind the scenes that the Vendor is possibly attempting? Supposition I know but to leave a…[Read more]