Hi Richard,

Sounds like a great service. Hope you don’t mind me indulging.

What’s the best method you know of, for quickly and efficiently evicting a street wise cunning tenant who refuses to pay rent and is smashing your IP to smitherines…and as an added bonus…cannot read or write, or refuses to acknowledge written communication ??

To…[Read more]

Hi Pickworth – great to see you posting as I know you have a wealth of knowledge and experience to add to the forum. Geez, you should be teaching this stuff at Uni.

In regards to your query, I think the auction houses have this sort of thing down to a fine art as a vendor with their “as is, where is” terminology. If this prop. was up for…[Read more]

Best way to approach negotiations ?? Here’s my opinion,

From a Buyers perspective

1. Go in clean (no conditions)
2. Go in really low
3. Go in hard (no fin. clause, 10% cash on the nose)
4. Know your walkaway price
5. If you or your partner are going to whinge and cry if you don’t get it, pay full price.

From a Sellers perspective

1. If…[Read more]

Thanks Jules,

I have no direct experience with Govt’s buying land off people, but I did witness what they did in Stirling and Gwelup to the poor ol’ Greek and Italian market farmers next to the Mitchell Freeway…it wasn’t pretty. It’s a bit scary when they are able to compulsorily ‘acquire’ your dirt at a price they deem to be reasonable. You…[Read more]

Hiya Sparky,

It’ll be clean – don’t worry.

Despite our multicultural society here in Oz, I believe you are asking a really detailed question on a very, very specific point of law.

First question – I may be wrong, but I’d be surprised if we have anyone on the forum who is an expert on Tunisian property construction laws as pertaining to foreign…[Read more]

Hi Kyles,

Once again…this topic of “PPoR vs rent and invest” has been covered pretty extensively on this forum over the past week or so.

If you have a tough mental attitude, and are serious about sacrificing now for future benefits, why not purchase the absolute cheapest run down PPoR you can find and pay it off ASAP. Whatever you do don’t…[Read more]

Oh and can someone please email me at floganything@ireallywantyourcash.com

Oh and can you email me anytime so we can have a little secret chit chat so I’ll pump my business figures up a bit and we can conveniently ignore the rest of the forum trying to learn about the subject.

Come on guys, this is supposed to be an open forum…or that’s my…[Read more]

Hi exec,

I’m not that intelligent when it comes to ‘book-learning and the like’, so I take it as a compliment that you credit me with any form of wit…whatever that is.

“pay the S/D upfront for an immediate tax benefit.”….”my source of reference queries and answers have come from a qualified Accountant. I can`t be sure whether he is totally…[Read more]

Couldn’t help myself. No Munjy, the picture looks a bit like this ;

Purchase base for CGT

Purchase Price : $ 420K
Stamp Duty on Title : $ 16.7K
All other acq costs : ~ $ 3 K

Total cost to go into deal = $ 440 K

Lose $ 12K p.a. (less tax benefit @ top rate) comes down to about $ 7K p.a. = $ 14K out of your pocket for the 2 years.

Sell in…[Read more]

Hiya Ronulas,

Well it’s all very well to stand up and say that in a seminar isn’t it ?? If you challenge them at a seminar, after a while you’re told to sit down and shut up…or “That’s a great question, I’ll address that later in my seminar”…and sure as eggs it’s never covered.

But as you’ve found out when you come back after the ra-ra…[Read more]

Hey guys,

If you are going to quote me, at least try and quote me in context.

If you care to review the thread you took that piece from, you’ll notice the capital gain aspects of the equation was fully addressed.

Please don’t quote only half my post and then turn around and say I haven’t addressed the major aspect of an issue, when the other…[Read more]

When you say “strong secure tenants” that are only prepared to pay 4.95% gross yield, I can only presume you mean that you are physically fit with good locks on the doors…and aren’t commenting at all about your ability or willingness to pay a decent rent level.

After the half rates (500) / half water rates (another 500) / half maintenance (who…[Read more]

Talk to any principal of any agency and they will very quickly tell you they couldn’t possibility accept any liability or responsibility whatsoever for the security of a property or any of it’s contents during a “Home Open”.

Their suggestion is to hire a private security firm to guard every conceivable liability you think you may be exposed to.…[Read more]

What’s the big deal ?? The owner has approval to do it from the authorities and it’s on his property. Job done.

It sounds as if the builder has done exactly as Tools suggested – they advised what they were going to do – not seek permission….Tools didn’t mention anything about the timeliness of the notice.

It looks like a pretty standard…[Read more]

Originally posted by ptdee:
As we aren’t working in Oz at the moment we get
nothing back from the tax man.

Hiya,

This isn’t advice either, just a suggestion ;

Ask your father take a real close look at exactly what he is doing with your return w.r.t. your IP. If you are a non-resident for ATO purposes, you may be able to carry forward that…[Read more]

If you are asking this question you have obviously had that chat with your banker at the NAB that you made the appointment with. Your best source of info is the chap or chapess who is offering it to you.

This is pretty much how they fund the bigger Comm. deals, rolling it over every 90 days…normally.

Perhaps the answer to your question would…[Read more]

In my experience with CIP’s, vendors typically lower the asking price to a level where the yields become attractive to purchasers regardless of tenancy lengths, especially when they have been given the ‘inside track’ on the tenant’s future intentions.

Contact the tenant’s Director and ask him/her their intentions.

When you say the ‘lease runs…[Read more]

Hiya exec,

Deals are about very specific numbers – not vague wafty notions.

I bet you’ve got these numbers floating around in your head ;

Price $ 450K
Rent $ 300 p.w.
Outgoings : Landlord’s a/c
Bond : 4 weeks rental

….good luck in your search.

These are the numbers I’ve got floating around in my head ;

Price $ 300K
Rent $ 750…[Read more]

Thanks for all of the great responses. This facility is marvellous as a sounding board for like minded souls.

Most of your inciteful responses have struck a chord. What I really needed was a good kick up the bum and that’s exactly what you have all collectively given me. It gets a bit ‘bluesy’ sometimes here where I live for 57% of the…[Read more]

Excellent – I suppose if we are all agreed then that the initial joke was just that…a flippant joke…and we all take it as such, then there really is no substance to any of it – or any of the hundreds of emails like it…or is that generalising to much again ??

“The Lord, in his infinite wisdom, replied, “My son, I feel you have learned your…[Read more]