Thanks, Luci, for your reply. Have thought about the points you mentioned.

Thanks, Jason. I have done similar number exercise like you. I think the agent knows that I have a mortgage and therefore I will panick if the unit is vacant for too long. Now I have to wait to hear the response from the tenants – and the result won’t be known for another 2 months. When tenants want to vacate they give 30 days notice and when…[Read more]

Thanks, all, for all the good advices. Late this afternoon agent phoned to say he would do the letter to the tenants and there is a 30 days for tenants to respond, another 30 days after that tenants either move out or agree to pay the increased rent. So, there is at least 60 days wait before I find out the result.

Thank you, Peter, for your reply. My unit is exactly the same as the one next door (with the higher rent). She has not done any improvement to it. I have been to her unit previously. All the units in the front were built identical in layout etc, and the ones in the back were built identical (they have lower rent because outlook is not as…[Read more]

Thank you, Wylie and Terry, for your comments. They are very useful for me to think about what I should do. The agent said to me what would happen if the tenants would not pay the increased rent and move out. I said then I would be prepared to find new tenants. While that is happening, I will probably find a new agent and repaint the place.…[Read more]

I would like to come to the book launch in Sydney very much. However, that day we will be driving back to Sydney from Melbourne – so sorry to miss it.

My PM automatically sent me an end of year summary and charged me $25 for the privilege. I have written and told him ‘please do not send any more next year because I am a good record keeper’. I hope he remembers. Our church PM also sent out an end of year summary and charged us for it (also $25) – even though I have told her two years in a row…[Read more]

I ended up not going to the seminar because girlfriend pulled out and I had to study. Anyway, this is what Neil Jenman said –

THREE DAYS, THREE SEMINARS & AT LEAST THREE MILLION
How a gang of American spruikers is fleecing Aussies.

Here’s how an American seminar gang is pulling off a multi-million dollar spruiking heist in Australia.

They b…[Read more]

Hi Kay

I have got 2 tickets to the seminar. I have offered it to a friend but have not heard from him yet. If he declines, then you can have them. I have registered by phone with these people, so won’t need the tickets sent to me. I will let you know after I hear from my friend.

Agree, one can always learn one or two new things from a free…[Read more]

I have registered for this seminar and will attend it – but not sure if I will stay for the whole day. However, for those who have doubts about the seminar then below is the view of ASIC on this seminar. I will go with a cautious mind.

http://fido.asic.gov.au/fido/fido.nsf/print/FIDO%27s+invited+to+an+investment+seminar?opendocument

FIDO’s…[Read more]

Hi there, I got 2 tickets for the seminar in the post as well. It must have been from one of the crowds I registered at one of the Property Expo events. I also saw the “free” seminar ad in the SMH and it is called “Financial Super Stars”, advertising John McGrath and William Danko as speakers. It is on Saturday 3rd July in Darling Harbour from…[Read more]

Hi Terry

I also spotted the ad and phoned the 1800 number to register for it out of curiosity. They told me they had a website http://www.nationalrealestateinvestors.com. I looked it up and it is a US site. I don’t know who in Australia is behind this. I may attend to see what it is all about – however, I suspect that they will probably pressure…[Read more]

Many thanks for the reply and helpful solution[specool]. It worked – what I wanted to do. I am such an “idiot”, did not even look at the “active topics”. Now I don’t have to scroll through each forum one by one.

No, stamp duty cost on the purchase of an IP is not tax deductible. It forms part of the cost base for CGT when the property is sold in the future.

I experienced a similar (potential) problem with CBA in their wanting to cross-collateralise and cross-securitise everything. We applied for a loan in my partner’s name (amount less than $220K) for a new investment property to be owned by a hybrid discretionary trust and CBA put in their loan schedule that the security to be given will be: our…[Read more]

I live in Sydney but use Dale Gatherum Goss in Melbourne http://www.gatherumgoss.com. However, I know Dale has recommended Nick Moustacas in Sydney http://www.strategicwealth.com.au. I could have used Nick but I had contacted Dale before I met Nick. These 2 guys are well versed in setting up trust structure for property investments.

Hi All,

I also attended the Family Trusts seminar by Perpetual Trustees. To me, it was fairly basic knowledge as I have done further reading on the subject. They do not set up trusts (you probably have to see a lawyer for that) – they only act as trustee for the trust once it is set up, hence collect the fee for administering the trust for…[Read more]