Hi Lisa,I would recommend reading all Margaret Lomas books relating to property, in the order she wrote them.I think there is about 5 of them. most should be in libraries.I have learnt a lot from them.Also read many other books as well, to compare diff ideas and stratagies.Lomas seminars are not expensive to go to, I have been to many.I have not…[Read more]

Hi,I smell a rat,  run as fast as you can, away.Run to the library, and read as many property investment books as you can.Margaret Lomas has several books, well worth reading them all.Ask lots of questions here as well.Good luck,Frosty1

Hi Mike,Thanks for the report.Very quick response.Regards,Frosty1

Thanks very much,I'll try them all.Frosty

Thanks Maree,Were they based in Melbourne?What area did you use them in?Do you remember what they charged?Sorry for all the questions,  if you have there number that would be great.Thanks again,Frosty.

Hi,In victoria, i think you pay stamp duty on the value or cost of the already completed or constructed portion.Only the remaining unbuilt portion is stamp duty free.So, if a place is nearly complete, you nearly pay full stamp duty.Frosty.

Hi Linar,Thanks for the response,I will talk to my solicitor if i go ahead with the property.Frosty

Thanks Terryw,I guess if you wanted to take the risk,You could  do only labour intensive work.That way you only risk losing your time which is still money,But, at least your not risking thousands of dollars worth of materialistic things.Out of all property sales, i'm not sure how many people do this and then run into trouble.But i guess it can…[Read more]

Thanks Terryw,I would not expect to claim anything against my taxable income.But i was wondering if the wife could claim all the loan interest against her possible income, even though the bank loan is only half in her name as the other half is in my name.Property is 100% in wifes name.Bank loan for property  is in wifes & husbands name.Thanks,Frosty.

Hi,I don't think the agents end up with the building or pest reports.They remain the property of the person paying for them, usually the previously interested buyer.The agent should be obliged to tell you of any known majour problems though.Frosty

Hi,Just keep reading books as well.As many as you can.Margaret Lomas has many books well worth reading.Good to read a variety as they can differ greatly on stratergies, etc.Eventually you will have a better  understanding on all.But, saying that, i think you can never stop learning, as times keep on changing.Your willingness to learn and invest a…[Read more]

Hi Hsingh,I would first try to gain more knowledge through reading property investment books.The library has many.Margaret Lomas has  books well worth reading.Good luck.Frosty

Hi,Also Margaret Lomas has written some very good books worth reading.most libraries would have copies of some of them.read everything you can.frosty1

Hi Yorkie,just wondering if you have looked at traralgon yet?what sort of properties are you looking at there and do you think you can find or make them pos. cash flow?cheers,frosty1

hi matt,i suggest educate your self first for nothing (or very cheaply).read,read and continue to read, a variety of property investment books, many available at local libraries.read for ever on forums like this,  and even ask for advice or opinions.you don't have to believe everything you read or hear, but it gives you ideas to follow up,…[Read more]

hi Linar,would you mind if i ask what your strategy is with property investing?do you not keep positive geared properties?don't mean to be nosey, just curious/interested.thanks,frosty1

hi all,i also would be keen to know if anyone can recomend a good property accountant  in the LATROBE VALLEY  (TRARALGON) area, or anywhere in gippsland.thanks,frosty1

hi,me again,also wondering if buying a land and house package,should i keep records of travel costs to the building site for progresive inspections, colour & component selections, discussions with builder/developer, phone calls etc.can i claim any of these things?maybe it can only be used to add to the cost base, for capital gains tax?thanks…[Read more]

hi,sorry to but in, but, i also have a question.doe's all rendering need painting?or can the colour be put in the actual motar?i assume you can do both, but is one better than the other? is painting the cheaper way to go?what do most people do?thanks,frosty1

maybe the vendor is hiding something,something you might find a problem with after spending extra time there.have you had a building and pest inspection done?frosty1