Hi Andy,

So, as an aussie you pay tax on your world wide income no matter what the source. In this case it is property. You get a credit for tax paid in the country where the income is earnt so you will not pay any more tax than if you earnt the income locally. That’s just the basic idea and does not consider structures.

leslie,

a few pop up every now and then but are thin on details. I think there simply must be opportunities out there in european markets for those with the right connections and skills. it would be great if you could post a little more about eu countries.

HI Rich,

Put the offer in writting
ask the agent to present
response
move on or do the deal

It is a difficult question because in my opinion real estate investing is about people. relationships/communication etc etc. How to negotiate with a person depends on who the person is and to make it worse you are doing it through a third party which really makes it even harder to answer.

you may have a very young inexperieced agent who has just been sent out to get listings and sign people to exclusive contracts. he may have promised the vendors a price in order to get that listing and if it is early days he probably won’t be presenting you offer (sorry if that offends but they just wont tell you about it). Unless they are using your number to condition the vendor down to a more realistic price.

The job of the agent is to bring parties together to an agreable price so they get paid. That is it. Without doing that they they won’t get a cent so dispite all the whoha about them being an advocate for you there is quite a bit of conditioning going on on both sides.

It may help your cause if the agent can see a pack check coming his way when he hears your voice on the phone or sees your number flash up

how – he knows that you are a serious investor/person in general – he also knows that you are fair and will pay a fair price – but at the outset he needs to know that you can pull the deal off eg. if he presents this offer are you goin to be able to hold up your end of the bargain. can you do the deal at 115k or are you just fishing.

if you look up the county clerks office in the area you are buying you can find out the name of the owner.sales/history etc for free online – you might get a ery unpleasant surprise compared to what you have just paid

cheap clean up bill for that mess!!!!!!!!!!!!!!!!

Hi Milly,

I was just about to answer when I decided to just say seek legal advice now about this even if it is just to put your mind at ease. The basic points are that as a defacto spouse or spouse his new partner would have a financial claim in the event of a break up and there are ways to protect these assests. You are on the right track – formulas are used and I suspect it would be more than a 20k windfall to the new addition.

regards

don

That’s what i always thought about the idea when I caught the small ferry across to palm beach for a coffee. I don’t think it would be viable unless it stopped at palm beach first to pick up that crowd and then went on to the quay from there.

Trouble is that those things are so slow at docking that the added pick up would make it the same time frame as the train which is 40 mins to hornsby (not really sydney – sorry hornsby) and hour 1 and 10 to central. Although a ferry would probably be a bit more comfortable than the train.

My train used to be the 4.17am to central from woy woy station. Not sure if the stll run that one. It was fpacked to the rafters with construction workers, nurses, cops and everyone else you could think of making there way to the city to earn a quid.

Nigtwork train was the same time in ie 4.17pm ish but on the way home at 6am you got to sit next to people who had missed the last night train back to the coast and had been out all night. Saw some funny sights including a few romances that i’m sure were desitined to last not much further than my stop.

The travel was a serious bore but living 300m from the beach was fantastic. I often think about that place and I’m glad we kept out home there.

For undervalued water viewa check out orange grove (not really a suburb just as few streets all with the same aspect across brisbane water) You can buy a decent home with views for 500 to 750k which is not really that bad when you think about it.

cheers

looks like noone is gr – i’m using skype which is preety good for phone calls but I keep getting people pop up saying hello – what could they want?

good call std