I can recommend Bruce Whiting, business name 'Business Artisans'.Nice guy and knows his stuff when it comes to structures and all things property.

Thanks Richard and Paul.I will look into it.Cath.

Hi Richard,Thanks for your reply. I don't have a credit license and am under the impression that I would need something like this if I was doing sales instalment contracts but not for Lease Options.  I am working with Tony Cordato for the legal side of things and he has not mentioned the need for a credit licence.  So I guess the next q…[Read more]

A few years back I bought 3 properties in small mining towns in WA.  In one of the towns, everything that could possibly go wrong did.  The mine closed down.  The 'property manager' recommended by the real estate agents turned out to be a crook whose idea of good property management was to collect rent from 50 houses but not pass it on to the ow…[Read more]

Hi Kiwi,The numbers you have plucked out are pretty much exactly the same ones as I did when I first looked at this.  I too came to the conclusion that the 20-30% that was suggested seems on the low side, and that 50% of the equity increase would make sense for the tenant.  However I am looking forward to talking to the guy that is actually d…[Read more]

Sounds more than fair to me  

Hi Mr Fair Go,Ouch!  At first I thought you meant you were BUYING at that price, and was wondering why you were so bummed, lol.I haven't got a definitive answer on the percentage yet, but it sounds like it might be in the vicinity of 20-30%.  Will let you know more when I find out.  I don't know what would happen if the property went backwards, bu…[Read more]

Hi George,I've bought property by private sale, ie not involving agents.  Sold it that way too.  It's easier than many think.I'm in WA, and I can go to any newsagent and get a copy of the REIWA offer and acceptance contract and use that.  The only difference between it and the ones agents use is that it doesn't have an agent name at the top of it…[Read more]

I have done a couple of relocated houses, so have come up against the asbestos thing myself.The generally accepted wisdom is that asbestos is safer if it is left undisturbed. So if you have asbestos in your house, and you do not have to remove it, it's better to just leave it rather than removing it just because it is asbestos.It's dangerous when…[Read more]

Another useful month/week thing to bear in mind is that there is, on average, 13 weeks in any 3 month period.It's not something that comes up that often, but I find myself using it occasionally.  It's amazing how many people take the old "there's about 4 weeks in a month" trick and multiply it by 3 to get 12 weeks in 3 months, which is just not…

Gosh things got a bit heated here for a few moments, didn't they?The problem with tongue in cheek is that one can't see it in writing.  And we all know the problem with firing off a quick response.Matt, I would think that with 900 000 in the bank, you have many options open to you if you want to make 150 000 a year.  I have recently been looking a…[Read more]

Hi Nucopia,And there you have hit the nail on the head. I said I wanted to borrow the money from all those people, but Today Tonight said I was asking people to 'give' me money. Which is quite different. What I was aiming to do was borrow from individuals rather than banks, but I suspect it didn't make quite as good a story.Unfortunately, this…[Read more]

I had a vendor make off with one once, so I did the investigation and found out that in that case he was not entitled to it, and I was, as the purchaser.  As part of that research, an experienced real estate agent told me that they now always include antennae in their contracts because it is not necessarily black and white.  I'm in WA, so I d…[Read more]

Hi Tysonboss and Else,Landbanking as I understand it, and as I am using it, is buying land with the intention of subdividing it later. In my case, the land I am looking at is zoned rural, but when I look at its location and what is happening in the rest of the area, I believe that this will change in the future. So if I were to buy the land…[Read more]

'A veiled ad', chuckle chuckle.  Seeing my blog URL listed under my name like that, I can see what you mean.Although I am obviously searching for investors, I honestly do not want to get into trouble for doing the wrong thing, because I would like to become a regular contributor of this forum, the existence of which I did not know about until…[Read more]

When putting in offers, I now add TV antennae to the blurb about fixtures and fittings and lightfittings and window treatments, etc, because it does seem to be an area of some contention.If you have not yet put the house up for sale, and you want to take the antennae with you, you can ensure that it is put into the offer and acceptance document…[Read more]