I dont thinkyou can draw on existing equity, as really this equity is not cash or unencumbered, and can be called in by the bank. It has to be hard cold cash in super fund with no debts or liability call in on it. This is my understanding and I bought a block of land with my super fund, and had to ensure there was enough there to cover all costs,…[Read more]

Yes things are always difficult any time for people starting out, or trying to buy a home, or another property but the key is to start, start small, and affordable and build up along the way, and make sacrifices- I used to ride my bike, walk, take my lunch to work, buy fruit/ veges at wholesalers/ markets, wait til all the sales for clothes/…[Read more]

http://WWW.DKM.COM.AUFinancial / Tax / Accounting specialistsSpeak to Mt Gravatt Branch BRISBANE QLD AUST  – Stephen Lennon or Karen I have set up my own SMSF and have property residential in the fundHas to be unencumberedAll going well with it all – no probs, they set up structure, and do the returns/ audits/ adviceThanks

We all have opportunities and I started from nothing working at Mcs since 14, then starting with a block of land at Blacktown, when I was 18. I came from a very poor Irish dairy family background where both of my grandparents and parents were forced to leave the country for opportunities, and came to OZ, I have watched my family struggle, and my…[Read more]

I would contact the principal and also fax a letter stating that this offer is only valid til 

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   am/ pm, and I would beef up the deposit and shorten the settlement and see how you go. If a property on the market obviously they want to sell, and it is all agents crap to say cant contact the owners etc- in this day of email, fax, mobiles, pi…[Read more]

I can highly recommend DKM Accountants Upper Mt Gravatt BRISBANE – http://www.dkm.com.auThey are very specialised in property matters, tax, structures. Get the planning, structure and intention correct before you purchase and also get advice on the gst part of the construction.Also from my understanding the 50% cgt exemption is a 2 part process- they…[Read more]

Investing in QLD- Upper Coomera, Ormeau, Beenleigh, Mt Gravatt, Banyo, Geebung, and Bowen, ProserpineBuy large parcel of land subdivide then build house/ land packages onOr buy in bulk 5- 10 blocks off a developer, so get a better land rate, and then also tender to builders to build 5 or 10 at once so better economies of scale

My comments say MOST, it does not state all. And most are not qualified in property, asset aquisition strategies through property, and most are very share and managed fund focussed. No offence, and it is great to see what you have achieved. Read my words again and dont get in a twist, as I have stated "most", which in correct grammar does not mean…[Read more]

I have heard of him – he seems to put options on a lot of devt sites in South area of Brisbane- I think he has an office in BrisbaneDon't know much else-maybe ring REIQ or LAW societyI do know some friends that have done options on properties and it seemed to work well for them, but they also put up large non refundable deposits to show they are…[Read more]

HelloGood to see you starting out- all I can say is what I did when I was 26 and started out and seems to have worked for me.Buy in a good area, and a decent block of land if possible – flat, minimal noise, decent homes around it, close to facilities and something affordable min 3 bedrooms, and doesnt matter if it is cosmetically tired/ run down/…[Read more]

Bit of both in this area- look for decent size land though and a good block, pref brick and tile, or full brick- but not too sure what 300k will get though in this area- as I tend to spend about 310- 325k and buy the solid brick homes that may need a freshen up – Call me tomorrow if you wish after 9am qld time and I can refer you to a few good…[Read more]

Yes Edens Landing quite nice, I have bought and sold a few in there and renovated a few also. I wouldn't think there would be many less than 300k though now. Mainly families, young couples, nice suburb, central to all.Dont wait much longer though to purchase, I was out and about today and most agents are telling me- no rentals at all, high rental…[Read more]

I went to a free event in Brisbane, from this company- yes I did learn a few things and also made me rethink a few strategies and goals and take the time to really break down a few goals and write it all down. In summary my understanding was NLP was about training your mind, focus, getting rid of negative thoughts, or looking at situations in a…[Read more]

mmm- Im not a lic builder, but I buy land, sub, and build a lot of homes, townhouses- depends on your structure and how many you wish to do at once.Over a certain level you will go to commercial finance- sometimes if a few specs < 5- it is normal residential investment finance, over that we use the commercial construction finance products.We have…[Read more]

Interesting comment- most of the wealthy accountants, solicitors, and valuers of Brisbane and Gold Coast, plus most agents themselves and very serious investors are holding 30- 40 properties each in these area. Good stock under 300k, sells in less than 1 day.I have over 30 properties in this area, and have invested heavily here since 1999- with…[Read more]

HIDid you buy the block with GST or without ?Is it under the margin scheme?Often you cannot claim the gst on the land purchase, but you claim it on the construction of the home under the margin scheme. As we build house/ land packages through our company and after thousands of $$$ of advice, structures and speaking with ATO a few times, I think I…[Read more]

HIA lot of research needed and also you need to work out are you in the mining town short term or long term.We have done a fair bit in Biloela, Gladstone, Rockhampton, Chinchilla, and now focusing on Bowen basin areas.We buy land, subdivide, build houses, and rent some, sell some.Also buy just individual homes, good location, opportunity to…[Read more]

It can be done in Australia, but you must really know your areas correctly, prices, resales val, what buyers want.Also set up your structure correctly and seek the best tax accountant you can afford.Set up one structure for holding assets, and another for trading.The money is really made when you buy- as with any country, and what you can…[Read more]

go to http://www.wotif.com.au  and see what last minute specials.There are some good places not too expensive about 10 min out of cbd.

I would probably look Beenleigh, Eaglby, Slacks Creek, Marsden/ CresmeadGood area, proven growth, strong rental demand and close to SE Freeway and core South side employment bases.Good stock goes in less than a day though, so you will need to be totally ready, and put ina strong contract, solid deposit, short finance terms, shorter settlement, as…[Read more]