Hi Josh,

I’m still looking into this myself. Probably best to talk to a good solicitor or accountant. (I’ve done both and am still checking it out.) There is a website where you can buy a discretionary trust for $275. I don’t what it’s like as I haven’t used the service but there is a bit of info on the site about trusts. The address is…[Read more]

Anyone know a good QS in Perth? I always prefer to go by recommendation.

Cheers,

David []

Hi Terry,

Any idea of the website address for the article you mentioned by Stuart?

Cheers,

David [8D]

Hi jscott,

No, only Perth metro. I found that talking to RE agents you can get a good feel for vacancy rates as well. The ones I’ve talked to have been willing to show me their rental lists and discuss how many are currently vacant. Of course, they will want to paint the best picture but by talking to several in an area, you should be able to get…[Read more]

Hi srlake,

I bought a report ($55) from REIWA that had the vacancy rates for each local council in metro Perth. I assume each state’s real estate institute has the same.

Cheers,

David[]

Hi Navi,

I’ve spent months collecting spreadsheet data about Perth (where I live) and to a lesser extent regional areas. Happy to share it with you. Email me on comsol1@optusnet.com.au if interested. (Anyone else as well.)

Cheers,

David

Hi to all[],

I agree with everyone here. I’ve read all of RK’s books. At first I was looking for a lot of “how to” but realised that the journey is different for each of us. Eventually, I saw it as a way of thinking differently and that I would have to develop my own “how to”. Still doing this but a couple of years on am further along the…[Read more]

quote:
I am looking for someone who lives in or around Geraldton in WA, to give me a bit of support as I start on my property investing ‘career’. Any takers??!!
Diana Johnson
queenofsheba@modnet.com.au

Hi Diana,

I, like you, am just starting out in property but have spent many months and hours in the preparation stage. I live in Perth and…[Read more]

Bryce,

Another option is to have a fax option installed on your computer (as a printing device). You can then fax straight from the software (or any program for that matter) just as though you are printing. Works easiest on later operating systems such as Windows XP but also possible on earlier versions. All you need is a modem connected to a…[Read more]

Thanks Ben,

Actually, I’ve done some more research and found a few little things that make it less attractive, such as the own has been paying all the outgoings. So I’m not pursuing this one.

David

Hi Celivia,

Yes, I have it and have started using it. As I’m fairly new at this sort of thing I’m still sorting out what all the various costs are. The software, however, seems very comprehensive and they also provide updates for state tax rates, etc. A while back (before I discovered this forum and Steve’s book), I started setting up my own…[Read more]

As an addendum, I’ve already polled the vendor to see if he is interested in negotiating price or terms. I offered a 3 year interest only loan on the 25% needed for the deposit but he wasn’t interested. (He’s an old guy and just wants to retire and not bother with deals.)

Also, if I can’t raise the 25%, I’d be willing to pass it along for a…[Read more]