Hi Guys,
Just a query with that advertisement. It says the tennant pays body corporate fees and general maintenance. Is this the norm? I thought the owner usually paid these expenses.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi njohnston,
That’s a really hard question to answer. It could vary dramatically from year to year. Also many people on this site are into +ve cashflow properties, with a buy & hold strategy, which means they don’t pay CGT. (That’s how they avoid it)
Just my 2 cents,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Guys,
I sold my PPoR in April 2003. The real estate agent said it only cost $50 to advertise on realestate.com. That’s all he charged me on our itemised bill too.
Possibly it’s gone up with all the added interest it gets now.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
I’m sure you’ve already left Kay, but I’d like to wish all the best in your travels…..Perhaps Monica has access to the internet and you might talk to us from there?
Nah, doubt it, you’d be having too much fun…..
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
hi Celivia,
I think it depends for what purpose you are drawing out the extra money.
Is it for further investment or personal use? Personal use could cause some taxation complications. Although this can be overcome with careful organization of the debt.
If you are comfortable sevicing the extra debt, then go for it…..I guess it comes down to personal choice [] and doing those awful sums…
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
hi Markymark,
You could obtain a plan of the lot (of land) that you are interested in. Check if any permanent buildings are built over any easements. Check with the local council on what buildings they require a building permit for, and whether the buildings on your property have had permits issued for their construction.
If there appears to be a problem with illegal buildings, the local council should be able to assist you with what options you have.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Celivia,
Can’t think of anything that you have forgotten. Sounds like you’ve got it all worked out, think you might get a few people following your system.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Elves,
Sorry, but I don’t get the problem. When an agent advertises a price of $850K+ that, to me, means they want at least $900K. I’ve always been told the “plus” means 10 to 20% more. And as the vendor wants at least 900K then the advertising is in line with normal practice.
I’m not saying this is the best way to do business, but it is, unfortunately, the way things are done.
If the seller wants to be more straight forward, he could advertise for sale at $950K and negotiate down from there. Ultimately it’s their choice how they want their property marketed.
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Guys,
I thought it was regular practise to place a small deposit when making an offer. Maybe it’s a Victorian thing. I think it may be to show that you are serious about your interest in the property. This is then taken off your deposit.
Has no-one else heard of this practise?
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hmmm…Good question Chan.
Definition of a property investor? I guess it is open to interpretation, a little like the millionaire question in another post.
Possibilities:
1/ Own/paying off PPOR. (Have invested money, paying off principal & equity growing.)
2/ Own one investment property with/without PPOR.
3/ Have money in managed property trusts.
Do they all qualify? What else can you think of?
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
hi Scott and everyone,
I only read “Who moved my cheese?” last week.
A simple story with a simple message.
I’m trying to be “Hak” but my hubby is a “Hem” []
Cheers,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”