HiCan you tell me the name of the land subdivision for me to look at.RegardsBruce

Hi Munjy

No deals as yet, just looking at face value from the adverts. There are various offices around Perth CBD and in the suburbs. Locations are usually in or near main white collar type businesses of the town. Some buildings contain 6 office units and can reach up to 40 offices.

I would agree with having one with too many offices in one…[Read more]

It seems that no one has done this kind of investing. Maybe I should explain in more detail.

The offices are usually rooms inside a building (ie strata titled) and you lease this out to one or two person type businesses. The floor area is between 20 square metres to 60 square metres. The rental returns are 8% or more. The price seems to depend…[Read more]

Hi Chris

I am not sure if there is such a Lien in Aust, but a caveat would be the closest in my mind. It is my understanding a caveat is placed to protect your interest (ie debt) and must be paid prior to the property being released on a sale.

As for property taxes, look up each states tax revenue department which is available on the…[Read more]

Hi all

I finally got three r/e reps who I believe are leaders in their field for the area I live and are locals. Two are principals and one is an employee.

The first principal knew of what value we were looking for (my wife told him – first mistake I believe). His presentation was excellent and gave us a marketing strategy to sell – large front…[Read more]

Hi Chris

I am not a tax expert, however I believe there is nothing in Aust that has the same tax rules.

Just looking at the Master Tax Guide, the rollover applies when you dispose of an asset to a wholly owned company and receive shares in exchange.

Looks like that the relief applies when you sell your asset into another legal entity that you…[Read more]

Ken

What does AMLC stand for?

Bruce []

Hi Brett

I am also from Perth.

I did a lot of research into vendor financing and even spoke to a property lawyer who send it can’t be done with WA’s Consumer Credit laws. Have you been able to get around this problem?

Regards

Bruce

Jerry

Definitely, it would take a lot of my shoulders. It can be stressful when things don’t go to plan.

Bruce

Hi Dan

It would be great to hold the property for the long term and the cashflow should improve over time as the loan it paid out and the rent increases.

However, you would be buying your new home at the full mortgage (assuming you have no spare cash) which would be of no tax advantage and after tax cost in repayments.

As most property guru’s…[Read more]

Hi all

Wrote to bank regarding the use of an offset account. Thaey rang me and send can’t do!

I explained that they will have all my funds and give 2-3% on it while I am paying 6% on the loan, this can’t be right I asked. No, they said, there is no other way!

I’ll beat them yet, just wait!

Bruce

Hi again all

Well today I received a letter from the bank saying I can use the cash as security until a new home is found!

This letter came from the local branch, not the Eastern States head office which whom I have been talking to.

The only catch I see in the letter is that it is not using the funds as in an offset account but in a Portfolio…[Read more]