As far as I’m aware if the offer is in writing then the agent MUST present the offer to the vendor.

It could possibly be against the law to not present the offer to the vendor.

However if the offer is verbal then the agent does not have to present it to the vendor.

Somebody may be able to clarify this one for us all, and laws on this may differ…[Read more]

Could you find a place for sale with a vendor who is interested in holding some of the equity/share back? That way you don’t need 100% of the purchase price or value of the property. Then in a few years you refinance yourself and pay out the vendor.

Or possibly rent a place with a lease-option to buy it in ‘x’ years time.

I’m sure there are more…[Read more]

Lazy people who either couldn’t be bothered painting the wall or were too tight to pay a painter to do it for them!

Learn, Love, Strive. Make a difference!

I got this from a google search that lead to the Bunnings website:

What is the best way to remove wallpaper without using a steamer?
There is a product that will aid in the removal of wallpaper. It is called Poly-peel, and comes in a 75g, bright yellow sachet. Simply mix the product and apply, leaving the assorted detergents and softeners to work…[Read more]

That’s fine but if someone already has found a good are to invest then these figures are required (possibly) immediately.

It also helps with learning to become better at number crunching if you know these figures on duties and taxes.

Learn, Love, Strive. Make a difference!

Why don’t you get a book keeper? They can be much less expensive than an accountant, and will run your books with an accounting software package for your accountant. Just a thought…

Learn, Love, Strive. Make a difference!

What do you want to do? You have many options here!

Some that come to mind are:

You could go in with your neighbour, lodge a DA with your council and sell the lot to a developer. Cheaper and easier for you both, and possibly profitable.

You could develop the entire lot yourself. Harder and much more time consuming. It will take longer to…[Read more]

Here are some questions I have from your information and questions. Don’t feel obligated to answer them in a response to mine, I just wanted to bring to your attention a few other things to consider.

1. Costs can vary. Better builders may charge more but you will get a better product. Cheaper homes from “Package Home Building Compaines” can cost…[Read more]

If I was to spend $5,000 on doing it up straight away (urgent repairs) I would try to negotiate at least a $5,000 reduction on the purchase price.

I don’t think there’s a “specific” formula – it all depends on the individual investor and the property deal they are evaluating…

Learn, Love, Strive. Make a difference!

I agree with Terry.

You need to evaluate the course content and see if the cost is of value to you. Find out what the course is about – get the details first up. It might not be a good move spending $5000 on a business course when you’re a registered nurse who loves what you are doing. That’s $100 per week for a year!

Many $5000+ courses may not…[Read more]

Start with an architect or draftsperson who knows the building zoning codes and restrictions that govern your land.

Draw up some plans to best maximise the land usage for your needs.

Lodge the Development Application with your council.

Engage the services of a builder.

Complete the development.

That’s putting it really simply! Or you could by…[Read more]

See if you can fine a unit near by that has an unused car space/garage.

Rent it out and pass on the cost to your tennant.

You could offer the potential tennant two options for rent. One without the car space (lower rent costs) and one with (higher rent cost).

Let them decide…

Though if it’s for a PPOR then I would look for a place with a car…[Read more]

My first thought that comes to mind is can the sloping (large) block be subdivided into two properties?

As for my other thoughts on the points above:

Designers can cost extra, as many of them lack the construction experience to understand ways of minimising building expenses. Designers usually want their ideas done no matter what the cost.

If…[Read more]

Definately get the property inspection done by a builder or valuer!

You don’t necessarily have to view it yourself – and the inspection report will tell you more than you will see with your own eyes.

Buying the property can be naive/risky, but it’s been done before. Though not by myself!

Learn, Love, Strive. Make a difference!

You can get construction cost reports from http://www.reedconstructiondate.com.au

I don’t want to plug them, but I have seen their reports in the past and they are comprehensive, and possibly not cheap.

For real costs though, contact some builders and see what their rates are. Always get at least 3 quotes with references.

Tip: Holiday property can be…[Read more]

Firstly, what is your goal? What are you working towards?

Secondly, is the developing-selling-buying-developing strategy going to get you to where you want to be?

Thirdly, do the numbers on the deals. Work out the costs, possible costs, contingencies, profits (losses) and then decide which is the best way for you to move forward. Do you have to…[Read more]

Students need a safe, secure, inexpensive place to live while they are studying at uni.

Oftern many travel home during the holiday breaks, while others stay in their jobs to earn cash while they study.

Certainly doesn’t have to be flash, as long as it’s safe and secure, and has utilities.

Location can be a decision making factor for some…[Read more]

Thank mortgage advisor for sharing this information!

Many of these I use, but you’ve provided more, that I have been looking for!

Great stuff!!

Learn, Love, Strive. Make a difference!

Do you have open communication with your agent? Does your agent know you are unhappy with their performance?

I would “have a chat” with your agent, advising them that you are unhappy with the outcome you have received to date.

I would also make a list of rules/checkpoints for agents. This is for next time you want to have an agent working for…[Read more]

What is it that you really want??

To be realistic, you need over $100K to may significant income from the stock market.

Unless of course if you want to be a day-trader, but that’s an entirely different ball game.

Before you invest in property/shares/whatever, you need to invest in your INVESTING KNOWLEDGE.

If I were you I would finish my uni…[Read more]