I saw a property advertised for $680+, offered $650. The agent then changed his advertisement to $650+ on the net. Later, I bought it for $640. Don’t be missled by the advertised price. Put your offer based on what you think its worth then you can’t be too wrong.
Good luck.

Cata and redwing,
I do not have the finer detail of Ed’s property investor trust. But I think it is a unit trust with its units being owned by another hybid trust, so to minimise land tax in NSW and to achieve asset protection. Having said that, I must confessed that I have not seen his structure.

Hi SDG,
My profession does not allow me to be near a terminal all the times. This is the 1st time I lock in after the last meeting. It is fantastic to see that a date had been set for the next meeting. You people (to borrow GR’s phrase) are incredible!

Hi Kate,
Check with their accountant, your friend’s father might be liable for CGT too!

Hi All,
I missed out on the last 2 meetings due to other commitments. I will be there for the next meeting.

Hi LFA,
One of the reason that I know of for holding properties in diff Trusts setup (other than asset protection) is land tax consideration.

Do not be despaired if you still have a mortgage on your property and wanted badly to have a copy of your CT. In NSW for a cost of $10.50, you can always obtain a copy of computer folio printout of your title from Land and Property Information (previously Land Title Office), if you have the time to do it yourself. Alternatively, you can always…[Read more]

I presumed so. But you can choose the level of excess that you are comfortable with. Of course, it will be reflected in the premium.

Hi Celivia,
In fact it is safer for the bank to safe keep it (ie mortgage it) then to keep it yourself. There are incidents in the past that a unencumbranced property were ‘stolen’ by crooks, by applying to the Registrar General for new CTs to be issued and on sell it to an unsuspecting buyers.

Yap, just signed up on the weekend and the policy details are in the mail. It looks like a great deal as I have 2 leases on 1 property, the sale girl indicated that the tennant protection insurance (I think that what they called it – building + landlord) will covered the 2 leases. I have quotes from other insurers, the landlord insurances alone…[Read more]

Hi pasandbec,
Is your IP1 used to be your PPOR? If it was the case, can you sell it and still avoid paying CGT? May be that is an option you could consider by selling off IP1 and with the proceeds to pay down non deductible loan on PPOR and buy this IP2.

HI C2,
Let me try to answer this one.
Loan 2 is non-tax deductible because it is used to pay down PROP.

Hi Christy,
Commonwealth bank provides some propery valuation on their wed site. Please do a search on “property value guide”. I hope this helps!
Cheers

Ya.. What is rich and what poor? What are charity and what are not? And what is morality for that matter?
In some households( or cultures), it’s a taboo to talk about money openly, let along about personal wealth! But this seems to be an acceptable practise and is encouraged here. We are doing it because we believed we should all try to…[Read more]

Hi Helen,
I am not a broker but one technique that is commonly use by investors is to apply a LOC against the equity you have in a property that you owned and use the fund as deposits for additional IPs. That way you only tied up one property with one loan and not risking other IPs in the event of foreclosure as pointed out by Steve. Also, when…[Read more]

Hi Gerard,
If you are interested in equity share products take a look at the one below:
http://www.sharedappreciationloan.com.au/

Cheers

Hi Tanga,
Are you soley invest for +cf? What would happen in 10yrs time when you want to sell? I will not buy for cf only, I want capital appreciation with it as well! But that’s me!

Hi Show me,
Mortgage hunter explains it nicely, but watch out for the differiential rate that some lenders offered. Make sure it is 100% offset!

Originally posted by greenjoy:
IT would be brilliant to have enough money so you wouldn’t have to sell your time to others and do the things in life you truly love to do…in my case being able to give money away to charity would make me very happy…actually we donate 10% of our profits to environmental groups now..do many other investors out…[Read more]

Hi Scully,
I agreed with kp, first stop is the Surveyors then off to project home builders.
Good luck