It would be great if other property investors could share their experiences in selecting a good accountant. Especially, it is important to identify what to look for as well as cautions.CheersDon

binscab,Thx for the meaage. Check your inbox. CheersDon

I highly appreciate if I could get some recommendations…CheersDon

Let me try to put it in another way!!! If I want to get an idea about how the median house prices have varied over a period, I would look for house statistics…If I want to get an idea about how the median unit prices have varied over a period, I would look for unit statistics…BUT:If I want to get an idea about how the median prices have varied…[Read more]

Hi Scott,Actually my question is, if I know that I’m looking for semi-detached properties, how would I find statistics about such properties in data bases such as RP Data or Residex (growth for such properties in last 5 years, median price etc..)? I’m not talking about how to figure out a certain property is semi-detached or not!CheersDon

Hi Richard,Thanks for sharing your views. It helps to do more research on things I need to know better.CheersDon

Hi Richard,My intention is to provide a personal guarantee for that 25% instead of using the property as a security. By doing this I expect the lender to be ok about the Vendor financing.Have you come across any similar situation in recent times where the lender denying to go ahead?  Do you see any other possible and LEGAL way to make this deal a…[Read more]

Hei GorGAll I know is it is an attractive way of entering in to positive cash flow properties. But you need to be clear with the terms in the agreement with the other party.What would happen if the buyer defaults the payments in two months in to the contract? then you being the title holder will have to make sure you got enough to cover your loan…[Read more]

Hi Mike,Once again, thank you for sending me the recent report I requested from you.CheersDon

Hi Mike,Thank you for the report regarding the Port Augusta property.CheersDon

Once again I would like to thank Mike for his assistance in sending me 2 more property reports that are located in SA. I would like to ask  from people who received these reports, how confident you all about the "Updated sales price"?CheersDon

Hi Mike,Thanks a lot for the 2 reports. This helped me to realise that I got hold of 2 properties 10% less than the estimated market value.CheersDon

Hi Lina,I hope this report will be of some assistance got you.. made available by CBA. http://www.commbank.com.au/personal/home-loans/Better_to_buy_than_rent_report_CBA_FINAL.PDFCheers

hawthorn wrote:
I 100% agree with fatboy i'm an investor from canberra i own 3 properties in canberra and 1 in nsw i went to morwell 2 weeks a go as its an area i've been studying for about 3 months i was amazed at how strongly positive cash flow property was there so impressed that i bought 3 properties with my brother it has cost us $348,000…[Read more]

Thank you all for your valuable input. much appreciated..

Hi Guys,Have I asked a silly question above? Cheers