People warn you about the dangers of partnerships, but like a lot of things in life, you tend not to take the threat seriously until it starts to sting. Anything that involves committing to joint and several liability – DONT DO IT!

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of…[Read more]

I agree that if the deal stands up then the amount of commissions involved is irrelevant. The point is that they project an image as a club – when I attended my first meeting the message certainly seemed to be that this truly was an Investors Club – not a real estate marketing agency. Given that their agency fees are so high, you have to wonder if…[Read more]

from what I can gather it all comes down to that wonderful element of “intention”. In the absence of being able to prove your intentions, I have been told (in WA) that they will accept 3 months as being adequate. Don’t forget to connect all services in your name and send all your mail there for that period too (bank statements etc).

Extensive…[Read more]

“Mr Triguboff said it was a “bank-created problem which could become very serious”.”

Is this an excellent example of buck passing or am I missing something? Bank lending criteria is so strict already. Surely it is more on the shoulders of those buying the property to follow though with their commitments? And the developers can’t be without…[Read more]

I was also told by a broker that there are only 2 mortgage insurers available anyway (and often it is them that are the problem) so going to different brokers/banks doesn’t usually help.

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Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in…[Read more]

By all means attend an Investors Club meeting, but just because they call themselves a “club” don’t think that they are a club in the traditional sense. They charge vendors selling fees just like any other real estate agency and pay their reps (or “Support Members”) generous commissions for making the sale.

I find that when I tell people about the advantages of a QS depreciation schedule it is met with great skepticism (particularly in regards to older property). Only when they see the numbers afterward are they as excited as they should be.

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Extensive list of new Perth property available for…[Read more]

I have used a granny flat in the past to help sure up a woefully negatively geared property with great success. In my case the granny flat was existing – so you would need to do a full financial analysis e.g. payback time etc. to see if it was worth the hassle. If you want to let it long term you will also need separate utilities meters and…[Read more]