If you can get hold of a copy of the very first API magazine there is an article in there about property cycles. It is a must read for all property investors……..
Sounds like you’re leaning towards a win/lose situation here?????
Could I suggest talking with the vendor a little more to find out if there is anything more that you can do to help them???
Whoever buys the place is obviously doing the vendor a favour because they then have the capital they need to build their house so an early…[Read more]
Have never bought any commercial property so far…… but, thought Dolf de Roos book Real Estate Riches has a few good pointers on commercial property if you can get hold of a copy. Certainly seems like a good place to start IMHO
Personally I would rather have a PPOR but that’s just my choice at the moment. Just got sick of the 3 monthly inspection thing when some sticky beak landlord/realestate agent gets to wander through your home and invade your privacy and you really don’t have a choice.
Agree with Stu that it’s bad debt but I’m happy to live with that.…[Read more]
Just been through a similar situation myself with one of my tenants. Decided to leave the rent the same as this particular lady has three kids (single mum) and I felt it was my way of helping her and the kids through a difficult time (just been through a divorce)
She has just recently moved on and when she left…[Read more]
For me abundance comes from the spiritual wealth that fulfills my life. This is not a tangible thing. I think people genuinely know when they are helping others sincerely and you also know when you’re not!!!!
Try ringing the Office of State Revenue in NSW and be honest with them about your situation. If your circumstances have changed genuinely then tell them that and see if they come up with any suitable alternatives for you. You’ve got nothing to lose by asking the questions……..they may even be able to help you…[Read more]
If you’re having problems with your PIA software could I suggest you email Ian directly. He’s a fantastic guy to talk with (I have met him personally ) and is very patient and understanding
A question to ponder for all you legal eagles out there.
May I suggest (and I stand corrected on this) that even if you move temporarily into your property and don’t stay there twelve months that you may be given some leeway by the State Revenue Office as your INTENTION was to make the dwelling your PPOR????
Just thinking if any future buyers/renters etc were going to live in your property and they came across the same info that you have, would you honestly expect them to go and live there????
Remember. Most people buy/sell etc on emotion rather than fact so if this place has a reputation for being a contaminated dump, in the future what…[Read more]
I guess if people don’t want to invest for their future, myself and everyone else on this forum will only be too happy to help them when they need vendor finance or even a simple roof over their heads………at least there’s someone out there ready to catch people when they fall off the rails!!!