Hi.
Log onto the ASX site for education – they have online mini courses. Not quite what you’re after, but then you could try Peter Spann’s Freeman Fox site, or attend one of his seminars. don’t think you’ll find a forum like this – pls post it on this site if you do.
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check out the super website – your accountant will know what it is – and read and interpret for yourself – don’t rely on accountant. Once you have read and interpreted, then ring the super hotline and get them to confirm your interpretation – IN WRITING – IF YOU MAKE ANY MISTAKES, YOU WILL PAY THE PENALTY -the SMSF will return to normal tax rates,…[Read more]

How about asking for a long settlement, with small deposit, but offer a balloon payment at the end, taking off some of your $90k. That way, in 3 months, you can have your properties revalued, and redraw the increase in equity?

Hey Bruce,
What were u smoking when u wrote this ???????

Hello mother.
Try to get a loan with a full redraw facility – this will allow you some leeway if anything does go wrong. Refinance your gem to draw up to 80% on a no doc loan, then use some to buy 1 or more properties.
JUST MAKE SURE that you leave something in kitty for the hard times.
And go for it!![]

Hey, Hollywood?
Is your glass always 1/2 empty? Richo is right – my son has just completed an HSC assessment based on exactly this subject – of how the media can influence public perceptions.
So, you might also like to note that today Mahatir of Malaysian infamy,[] has come out to say that Muslims have made their own problems, and must also fix…[Read more]

Hi,
Firstly don’t blame the broker[] – he is not the valuer, who is employed by the lender. The broker wants your property valued as high as you do – he wants the money from the loan – if it doesn’t go ahead – he gets nil.
We have just successfully challenged a valuation of our ppor – which we knew was way under – by asking local real estate…[Read more]

Judy Anderson at One 2 One Accounting at southport is great. Phone her on 0755327622 if u want – she’s used 2 me and my real estate deals, so she must be pretty good!!
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You can do some margin lending to buy shares and pay interest in advance, but I’m sure a quick call to an accountant will give you many more. Are you PAYE or self employed? Are there any costs involved in your work that you could claim?
If you have a family- doesn’t have to be wife and child- you can start a family trust and ‘distribute’ the…[Read more]

In NSW you just need to ask for a copy of the front page of the contract for sale – this should be held by the agent – and all will be revealed. Tho’ if it’s a mortgagee sale, the lender will be listed[xx(], but this will give you ammo to make a quick cash offer- finance pre-approved necessary here.

I really like the bit about the super fund owning my ppor – this should be law (imagine how much money could be liberated for investment!)- but unfortunately this would only apply if the ppor was unencumbered – I’ll have to work on that[]

Hi, have done 2 trips up that way this year, and Gladstone has some huge developments happening. It is an export town, and there are billion dollar developments in the current works – 5000 new jobs over 3 years – that means at least 15,000 new people (family + infrastructure) – so the demand is there. You need to be careful about rental return…[Read more]

If the property is looking well maintained, drive thru at about 5-6pm, on a pay day – that will tell u if there are any wild parties happening – talk to neighbours about whether this is a regular thing.
You might be lucky – we purchased a brick home, previously all homes in the street were housing commission, but now about half are privatley…[Read more]

Cookie, your smsf cannot borrow, nor can the property have a debt against it- so – the joint partner cannot have a mortgage over this property, but []if the mortgage is against an unrelated property, then that’s ok. Phone the super hotline if in doubt, but make sure you get their decision in writing – they’ve been known to change their minds!![!]

good point about the risk[] – less likely that 2 are vacant together – one house vacant leaves a big zero income.[]

sorry mmmay1, my email adress is ahob@bigpond.net.au

I actually spoke to my solicitor about this, as I was in the middle of a land purchase from a private sale and felt there might be something to worry about. She said that this is worrying, because there is a lot of it happening at the moment[][!]. It appears that the ‘owner’ has fake id to prove they are the one’s on the title.
Please everyone,…[Read more]

Hi, Craig.
I think you probably have an idea of what return/outcome you want to achieve. Try the realestate.com.au site, and try all Sydney suburbs – u might b surprised at what you can find. There is still a bit down there for $200k and under. AND the best thign is that u will have the biggest client base in Oz!
If you can’t find anything there,…[Read more]

Hi, Craig.
I think you probably have an idea of what return/outcome you want to achieve. Try the realestate.com.au site, and try all Sydney suburbs – u might b surprised at what you can find. There is still a bit down there for $200k and under. AND the best thign is that u will have the biggest client base in Oz!
If you can’t find anything there,…[Read more]

If you want income, then go for the 2 townhouses. If you want capital gain, then the house will get more. If you can get into a great area, you might get both, but since there is more land attached to a house, then that is where the gains happen.
What area are you looking at?