Client of min won't go into it for less than 14%- mind you it does involve a bit of building.

Pay them 12k to be referred to their mortgage broking business- trailing commissions obviously not enough

Due to the high rate of recidivism with sex offenders I may not necessarily trust one near my family but that misses the point that such convictions do not detract from validity of property/RE advice.I don't watch NRL (not my cup of tea) but if that Stewart bloke is the one accused of assaulting the 17yo girl I say let the  court deal with him. I…[Read more]

Due to the high rate of recidivism with sex offenders I may not necessarily trust one near my family but that misses the point that such convictions do not detract from validity of property/RE advice.I don't watch NRL (not my cup of tea) but if that Stewart bloke is the one accused of assaulting the 17yo girl I say let the  court deal with him. I…[Read more]

If it is I feel it would have no bearing on the advice he gives. As the Dr has been dealt with and punished he should be allowed to get on with his life some 10 years later.

If it is I feel it would have no bearing on the advice he gives. As the Dr has been dealt with and punished he should be allowed to get on with his life some 10 years later.

You need to be able to give clear instructions to your solicitor as to what you want. Saying "wrap " doesn't really mean anything. Do you mean sale with lease option allowing rebate for rental paid towards purchase price? Do you mean Rental at an inflated price where the excess is forfeited on default of the buyer, or lost in the mortgagee repo on…[Read more]

Get a good lawyer who will advise:1 Make  no further  payments (rates , mortg etc)2. Collect all documentation-3. Freeze further advance/redraw (or take excess $ self)4. Demand it be sold -in writing5. Obtaintrustee consent (solicitor, accountantor listing RE)6. Apply to Supreme Court  under Property law act to sell property7. seek order as to fr…[Read more]

Is signing a contract where a company has no funds to complete (or no intention to do so) deceptive conduct under the TPA? That would make  the signatory a defendant perhaps?

I would never use the words "pretty harmless" where there is a food chain involved.

Up in QLD we only have lawyers. Some firms like conveyancing works specialize in conveyancing at a budget price. I have spoken to some of their ex clients and I suggest you do the same. I would not use a solicitor referred by an agent but generally speaking I prefer the suburban solicitors with some litigation experience. Try getting specific…[Read more]

Update- The house next door settles this week. Other (nicer) neighbours said that they knew the buyer and price – $530k.I looked at another one 2 blocks away on the week end- basic reno job, pol floors but otherwise on a par- listed for 585K. I'm not buying as I'm concentrating on my business (and bank won't give me $ yet) , but doesn't seem to be…[Read more]

Pay the money and get a lawyer- it will save you heaps in the long run.PS An agreement won't stop her going for a share of it if you bust up- at least that is the case here in QLD.

Fijian Indian by chance? There was a lawyer in QLD a few years ago who was struck off and used to practice out of Inala from memory who had a similar name.Let me see- did it go like this:Sign up call option with unsuspecting vendor-long settle dateDo due dil to subdivide/develop/sell at mark upGet plans/ high paying buyerSell for profit- no money…[Read more]

This is a great thread. Couple of Qs before I put my 2c worth in.Who were the solicitors who drew the contracts up?Who is the developer involved ( or at least confirm their small/med/large status)What sort of price range are we talking?

Thank you for your comments Michael. I suspect that there is more money in 5k /weekend seminar with 100 participants then flipping 3 houses.  just remember one education guru using the forum to raise $ for property investments- avoiding the ASIC prohibitions.Old and cynical is my propblem.

I agree with most of your comments Trakka except the one about organic food. I think there is probably real scientific proof behind the benfits of eating the same.

Good to hear some of the replies.Hey Trakka,my 1st property was at North Ipswich – similar time frames -Buy 1994 at $105 sell 2002 at $106KI don't mull on it, I always review it afterward, see where I went wrong, and what is to be learned. I started this thread so we can share our stuff ups so we don't make other people's mistakes.I missed the…[Read more]

Maybe a new thread on "how can you tell who to trust?" is needed.Here's a few:High overheads = high pressure to perform at any costIf they mention God or the Church- run for a hundred milesSelf promotion can be a worry. If someone is good at what they do the results speak for themselves.

Subject to inspection of Body Corp records is always a good start….