Money secrets of the rich- John Burley
Rich dad, poor dad (the philosophy of +cf) Robert Kiyosaki
Success stories- Kiyosaki

Get a book called flipping properties by William Bronchick at businessmall.com.au. It’s an American book, but still very relevant.

Sounds like you got caught in a Qld property scam loop. Vendor, agent and lawyer all eating from the same trough. You are very lucky to be out the other side.
If you’re that pissed off, why not make a complaint about the lawyer to the QLD legal thinggy?

Yep Brisbane for sure, Jonathon Brown for the Norm Smith and Hawthorn to take the flag in 2005, or maybe 2015?

Hello,

1. Strata titles are single units, apartments in a block, whatever, that are treated as seperate units, apartments etc. If you have a block of 10 units that aren’t strata, they are treated as one property. If they were strata they would be treated as 10 properties.

2. You could only do this is they were strata. A strata block has all units on their own electrical and water meters. Non strata has a master meter usually just for water though. If you see a rental ad that says landlord pays water, you will be renting a non strata place.

3. No, you would simply ask the agent if the block is strata titled.

4. In qld tenant pays water bill if living in a strata property, if not landlord does because the master meter counts the whole blocks use of water, not each separate unit.

I hope that has helped.

PS- A few have made money buying a block, lets say 10 apartments, that aren’t strata titled for say $1M and then strata titled them and sold each unit for $125k each. Bear in my mind strata titling can be very complex and costly. Good Luck. G7

I dont know if that’s a good deal, but if I was in your position I’d insure everything for the most I could possibly get. Sure it may cost you a few hundred bucks more, but who knows, one day?…

Noob, would you consider taking out insurance yourself on his behalf, this may seem a bit charitable but he is family and the fallout if something did happen could be enormous.
You might find yourself accommodating an unemployed, financial basket case…

Welcome to the forum, I believe in +ve cashflow too but sometimes the price you pay to achieve this is simply not worth it. Why buy a house (a significant investment) to make $20 per week?
I think it took a lot of courage to admit your situation, especially in public and I’m sure there are plenty of people on this forum that have great ideas of how to fix it. Good luck with everything and succesful investing for the future.[biggrin] G7

The road right next to my parents house was sealed about 10 years ago. They live on a corner and paid about $1400 for about 40 meters, if their address was on the road being sealed it would have been about $14000. For houses on the new road, costs started at about $7000 for a 20 meter street frontage.
It was not a major road, just a road that would squeeze 2 commodores side by side on it and one with those wavy gutters that are sort of like an S shape. I’m not too sure about major earthworks or anything though. Hope this helps, G7