Excellent story Goldies, just taking calculated action has a lot to be said for it with an emphasis on the action part!

Yes a familiar story sadly, obviously move management first of all and then worry about chasing compensation. It sounds like a management agency that has someone inexperienced and not very useful, perhaps with far too many properties to manage as well as they didn't even do the barest minimum in terms of renting the property out, unforgivable!

Excellent edition and always worth a read!

It's good to have a quality property manager looking after the property and if they aren't quality look around for somebody who is, if they are doing their job well it should give you some distance and allow you to be more objective. Having a below market rent can affect such things as sale value, ability to refinance, holding costs. On the other…[Read more]

Congratulations Purpleairplane and welcome to the forum!Never to late to start, in 10 years time you will be 10 years older regardless of whether you choose to become wealthy or not, so why not do both? Plenty of stories of people who become wealthy starting from nothing, or below nothing in their 40's or older, I think there would be plenty more…[Read more]

Just in terms of sticking to goals I can suggest http://habitforge.com/An online accountability partner.

zimby wrote:
HI AllenThanks Heaps for your reply.I've always wondered, you must get " Can you find me a CF+ property" alot.I'd also be interested to know the answer to this CheersDenis

Yes I get that question a lot Finding a +ve cashflow property is no problem, you just need a large enough deposit and you can find them anywhere! Otherwise it's…[Read more]

zimby wrote:
HowdyFinally buying our first unit and need some assistance from Property solicitor/Valuator.The Unit is located in Indooroopilly QLD, any reccomendations?Is it worth doing a body corp check? I assume this is requested of the solicitor?Is it worth doing an independant valuation, rp data Automated report had a high and low estimated…[Read more]

As Richard suggests a search of the body corporate records is a good idea, should be around the $165 level. RP data autovals are very good for computer estimates until they aren't when they can be very flaky, so please do your research carefully and don't rely just on that figure.

Jamie M wrote:
What about Canberra Detached house with a backyard that is too big. The lawn seems to grow as I watch it.CheersJamie

Canberra.. The strongest capital city over the last 12 months at -0.68% (Residex index data til end Oct 11) Not many are talking about CBR though !?

Brisbane, house. Gen X.Prefer a house, but with someone taking care of the back yard Will be upsizing next move.

Also make sure you enjoy as many sleep ins as possible and late nights (of your own choosing!).. while you can

Hi Tanjimh,I can send you a one session Price Finder login so that you can have a browse the prices yourself if you are interested, you can sort sales by vacant land as one option. Otherwise it's really a case of just getting on the phone and the net and doing some research. Start by making a list of all the agencies in the area and surrounds,…[Read more]

I know a good one, based at Wynnum which is not really that far to travel a few times a year if you can beat the peak hour traffic

The strata report is always a good idea, value for money it's hard to beat in uncovering issues with units.

Value for money for the individual investor I think it's very hard to beat a shared subscription to Price Finder, the valuation estimate widget on PF is pretty handy, as always you have to take with a few grains of salt though.

Robbie you would normally lock the seller in with a contract of sale, the seller is entitled to look for other offers always and you won't have control until it's under contract. If you are referring to verbal agreements then yes they aren't binding, once there is a legal contract of sale the buyer has a large degree of control with QLD contract…

RobbieP wrote:

Andrew_A wrote:
Robbie in QLD the legal document is a form 22a, the form to engage a buying or selling agent, this is the required legal form that is both supposed to offer the agent protection for their commission and the buyer potential recourse if the agent doesn't fulfill their legal requirements. 

Why would a seller sign…[Read more]

RobbieP wrote:
Thanks..How do you go about finding a buyers agent if they work independently?Generally speaking, do buyers agents only operate in a certain areas?Lastly, with regards to a buyers agents fee, is this something that would beed to be included in the contract / offer to purchase? i.eLets say a buyers agent found a property for $98…[Read more]

Qlds007 wrote:
A search on the Company will give you others views as the question has been raised previously. Cheers Yours in Finance

^^ Agree with this. Jacqueline, also do a search on NRAS, plenty of discussion to read.