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Viewing 11 posts - 1 through 11 (of 11 total)
  • Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    January 7, 2011 - 12:26 pm

    Wattoette

    I am only putting this out there, as it has been mentioned a while ago.

    Even Steve has had some comments by Media Watch regarding his mentor scheme. Checkout link:

    http://www.abc.net.au/mediawatch/transcripts/s1081543.htm

    I wouldn't go through a mentoring system…..Just do your research and start and you learn along the way.

    As you are wanting to buy a Qld investment from Perth…..if you don't want to come over and hunt for one, then it sounds like you need to get a buyers agent, not a mentor??

    Why spend a small fortune on a course?……. It could be a complete waste of money, but then again you might be lucky to get something out of it??

    I am open to learning, but do it via research and learning from my mistakes.

    Each to their own.

    Good luck in finding someone.

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    August 3, 2009 - 7:32 am

    Thanks for clearing this up.

    It is a Company and it is trustee for my family trust.

    I will tend to go down the path of giving myself an allowance, in order to spend a couple of weeks doing up repairs to the property.

    Cheers,

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    August 3, 2009 - 1:35 am

    Hey Richard,

    Regarding your comment in relation to:

    Under the Related Parties section of the SIS Act you are unable to rent the property from yourself however as long as Suehe daughter is not a Trustee she will be fine.

    I would be looking at something like this in a couple of months. I was going to rent out the investment property to myself after it has become vacant, to do some maintenance works to it. I was going to rent it out from my Company (who owns it). As I am a director, is this not allowed.

    If not, I am sure I am able to write down allowances (accomodation, etc – which is quite generous from white my accountant has informed me) and claim for it that way.

    I was going to get in there and rent it out to myself for only a couple of weeks to a month, but think it would be best to claim the allowances. Only thought of living in unit while doing maintenance works for insurance purposes and security reasons.

    Cheers,

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    August 2, 2009 - 12:41 am

    WJ Hooker,

    You might be right with regards to 'how deep' the push button tests go……

    As with the aerosol can, Tools is in the right track…..A good electrical wholesaler / or retailer should have the can. I think I got mine from Haymans Electrical here on the Sunny Coast if I remember…

    Cheers,

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    July 31, 2009 - 1:59 pm

    I guess it depends on what your managers do.

    Mine are content in doing checks on the alarms every quarterly inspection. (Fortunately, they haven't sent me any servicing contractors fees yet?

    I like scotts post, informing that the oneus relies on tenant, once batteries are replaced. (and actually makes practical sense)

    In order to check the serviceabilty of the alarm, you can buy an aerosole can that is a smoke tester. (Comes in a can like fly spray) Just hold it up to the detector, and spray it just under the receptor. If nothing happens, may need to get new alarm.

    I will just send the PM's a can of spray for the tests.

    It is all good and well to hit the test button to check that there is an audible noise, but you need to make sure that on detection of smoke that the alarm will be triggered.

    Cheers

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    July 11, 2009 - 12:46 pm
    ghotib ,

    I wouldn't be to surprised, and would think that you don't have any obligation to provide any info.

    I have recently got a building and pest inspection carried out on a Brissie property last week, and was also taken aback from some of the comments mentioned in the report.

    I witnessed the inspection and also asked any comments / queries I had, and the guys gave me a bit of a summary as well at the end of the inspection, which was good. All up gave me the conclusion that the property was in good nick.

    However, when I received there paperwork (report) the next day, I was a bit surprised finding that both the building and pest report concluded that they are both highly conducive to timber pest attack and structural damage. Based on this assessment, I had to ring them back to figure out if they mixed up the paperwork with another property, as there written report was somewhat  different to the oral report given to me on the day.

    The guys are right above in saying that the inspectors are only 'protecting themselves' by putting these disclaimers in there. After ringing up and clarifying the reports, the inspector said that the reports come across quite 'pessimistic'. The reasoning for the 'high risk' was due to several reasons, but was added to the fact of the folllowing:

    Building:

    1. some areas of the ceiling were visually obstructed with insulation bats, so could not see entire truss
    2. some areas of the roof cavity could not be accessed, due to the roof pitch and configuration
    3. the furniture inside the house was not moved (obviously), so could not be investigated.
    4. Any clothes / boxes, etc, was not moved to check behind / under
    5. Carpet was laid, so couldn't see under this.

    Pest

    1. As there was no previous termite barrier or treament / management system in place, it was considered highly conducive to termite attack (even though there were no sign of termites on the property, and there were no mature trees on site).

    I tend to agree with an earlier post, that you pay good money for this service, and would like to get some assurance 'in writing' that it is OK. Unfortunately, in this day and age, I guess we will always see such disclaimers in these types of assessment reports.

    Cheers,

    Bundy.

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    May 6, 2008 - 1:44 pm

    Hey Jimi,

    I would be interested.

    I have just delayed going over there to buy.

    Allready have one in london, and am keen to buy more.

    Would like to release equity in current london house before the price falls the predicted 20 – 30 %. (even though some big gurus over there are predicting for and against)

    Would only look at cash positive due to limited funds in Abbey bank account.

    I have had trouble remortgaging, as no lender in this environment is prepared to go against the 'run of the mill' mortgages. (i.e. foreign investor)

    Would like to hear more from you, and from your website, sound pretty professional.

    I will put my feelers out there to get hopefully some personal experiences with your company.

    Please pass on your details, so I can discuss with you my next UK investment property (commercail / residential)

    Don't know if you are in the Sheffield office or the Wembley Office.

    Cheers,

    Bundyanimal

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    March 10, 2008 - 12:07 pm

    The Cairns Investor,

    I have had Laser Surgery done 72 hours ago……………

    It was something I have been tossing up about as well. I have had glassess from 17 years old, and am now 35. I have predominantly been wearing contacts for all those years, as I played sports and was doing swimming.

    I went for my post op analysis on Saturday (the day after) and the guy said it is spot on. I have to do about 3 or 4 post op (checks) within the next year (all part of the cost), to make sure everything is ok.

    I have had it done to both eyes, and the procedure took no more than 25min. You have to take a full day off from work, and get someone to pick you up from the clinic, but I hopefully will be able to say in a few years time, it is well worth it.

    I am in the Sunshine Coast in Queensland, and had the full blown laser surgery done. (The actual laser to cut, not the mechanical plane) This was a bit more expensive, but I figured if it is a better procedure so be it. It was Intralase.

    I found the people very professional and helpful. I went to Brisse for the surgery, and had my post op check up the next day (saturday) in Maroochydore. I go back on Friday for the weekly, another 3 weeks for the monthly, and then in a years time for the final annual checkup.

    If the operation produces any over or underexposed eyesight, I get this carried out free within the 12 months.

    You are correct in saying that our eyes generally deteriorate by the time you reach 45 years, but for me, I could see quite clearly reading papers, but had trouble seeing in the distance, driving etc. I will know I may need glasses to read newspapers in the next 10 years, but hopefully, will not need to worry about contacts and glasses for my farsight again.

    If need further info, just give word.

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    January 12, 2008 - 2:45 pm

    amaljaya

    I am looking at doing a subdivide in logan city as well.

    Currently getting valuation and feasability done.

    I am thinking of getting town planner involved, which specialise in LCC submission and approvals.

    If this is your first one, and don't have time to sort it, I would consider very strongly about going through with it by yourself alone.

    The LCC planning scheme, which tells you what you can and can't do, is a very large document. The town planners should know these schemes inside out.

    Cheers,

    Bundyanimal

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    January 9, 2008 - 9:29 am

    Hi Anthony,

    We have just started using AFA.

    We have received some great feedback regarding this company, and have been pleaseantly surprised when submitted last tax return.

    They are very heavily property focused, and are well up to date with the relevant investment vehicles to build up your property empire.

    They are Active Financial Answers and are based in Newspaper Place in Maroochydore

    Hope it works out well.

    Bundyanimal

    Profile photo of bundyanimalbundyanimal
    Participant
    @bundyanimal
    Join Date: 2007
    Post Count: 15
    December 31, 2007 - 8:17 am

    Happyjack72,

    It would be good to have a crystal ball for this scenario.

    I have a friend who has a property and the market value on a domestic residential sale would be in the order of $600,000.00. The zone has now recently been modified as MIBA, or Mixed Industry Business Area. This is a more elaborate sounding zoning title, as compared with the usual residential / commercial / industrial, but is quite similar. They are now in discussions on a sale price of over $2.5 M.

    Your local council should be able to provide information on zoning classes and restrictions, but wouldn't think they would be able to say if they are planning on re zoning the land, otherwise we all would be able to make a killing.

    On a similar topic, I can remember when I was living in England a few years ago that there was a TV property show about a bloke who bought land in farming zones in close proximity to city / town centres, and waited until they got rezoned due to population and migration. He made an absolute killing.

    Good Luck, and let us know if you find the easy way to the Holy Grail……LOL

     
    Cheers,

    Bundyanimal

Viewing 11 posts - 1 through 11 (of 11 total)