I cant offer you advice based on experience with a pool in an IP, but you’re now making an extra $10pw, which is obviously $520 each year if the tenant stays. Minus $110 for the current arrangement, you’re left with an extra $410. Not bad, but could you claim the cost of the creepy crawley in depreciation in years to come?

Just a thought, as then…[Read more]

https://www.propertyinvesting.com/forum/topic/14443.html

I just posted a reply on this link, it should help you.

Essentially partnerships have unlimited liabilities – i.e. – you would be liable for your mate’s actions if he went out and bought himself a new Ferrari in the partnership name. They’re VERY RISKY!

Corporations offer limited liablity…[Read more]

I think its s5 or 6 of the Partnership Act: A partnership is between 2 or more people carrying on business in common with a view of profit. Following from this, there is no actual requirement of intent or written contracts/documents (I could give you cases if I could find my Corporations Law books, but thats a different thing all together).

My…[Read more]

You might be able to sell the lowest/worst performer of the current 7 properties you own, and use that cash to buy a few CF+ properties, or depending on the current returns, put that money into securities or something that may have a little more growth. Still, Steve knows more than me, so probaly better to follow the millionare’s advice

(“,) $$$…[Read more]

Rick, I should remember, as I am studying for my real estate agent’s licence, but can’t remember the exact details. Sorry – if I can find out, I’ll add it on to this post.

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

Chris, which LJ Hooker office was it? I am basically finished my Real Estate licence, and believe that agents really have to lift their game, and earn the respect of the public. They need to earn a reputation of being reliable and trustworthy, rather than on par with used car salesmen.

You should report the agents to your local (state level) Real…[Read more]

From memory, in Melbourne you are able to sell the property so long as you don’t charge a commission or do not profit from the process/service.

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

Hey Joe,

My view is that it’s better to have one agent working for you exclusively. Multilisting is better suited to agencies who:
a) are so small that they are not able to carry on their own business at full capacity without trying to sell other agencies listings; or
b) agencies that are so big, that going halves in the commission is affordable…[Read more]

the agents rep course is easy, just get it over & done with, then concentrate on the harder stuff that seems to be more important anywayz

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

kp got it spot on. As an agents representative, i cop sh!t all the time as soon as you mention that youre a real estate agent due to people like this lazy guy. Thing is, the way the property market has been, agents have been getting their commissions very easily, and those that have only been in the game for a few years have only known the good…[Read more]

Westan, thanx very much for the comments… very helpful to have such a detailed opinion available!

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

Back to the topic (again), any predictions for Country Victoria?

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

[offtopic] lifeexperience… hmmm, dont know what youre on, but im glad youre happy… now back to the topic![offtopic]

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

Sounds pretty decent to me… thats 750 a year for that kinda of exposure… one listing would cover their expenses. Spose its up to them though.

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

I read in another post that youre a real estate agent too… might be able to get your work to pay you for rental of advertising space on the fence. Just an idea, but otherwise, if I was in your situation (considering I dont really know anyone who could help in that kinda scenario), Id probably go & approach businesses that I would think could…[Read more]

Hey SIS, since Ive got an accounting background, my opinion would be a bit biased (and probably not too realistic… bloody accountants! LOL) but I think it depends on the property, and also whether you have actually sold or not. CG = money in the bank. Might be money that’s ended up having been in a good investment with a total good…[Read more]

Hey everyone, thanks for the comments, Ive read them all and will definately take them on board. I understand that the nature of +CF properties is simply that they pay for themselves as long as they’re tenanted. I also understand that buying a random property that if -vely geared is a big risk, as there’s no guarantee that it will appreciate…[Read more]

Hey Starscream, considering its been on the market for over a year, Im assuming
a) you know a bit about the area
b) you know about it’s reputation
c) you know its location relative to amenities & hospital(s)
Also, since no-one has gone to the sign-up stage, you’d be able to negotiate & get it a bit cheaper Im sure… just another advantage which…[Read more]

Hey Christine, & welcome to the site. I dont want to get off the topic of the country property scene here, but the way I see it, +ve gearing exists for a minority of deals. See, anything can be made to be +vely geared – just have a huge deposit & youll have a +vely geared property instead of -ve. Bad example, and extreme, but you get the idea. Im…[Read more]

Yeh Rugby, lol, whats with everyone & double replies?! Annoying huh?!
Nathan, I think I see your investment pretty much the way you’re seeing it. Land value is basically what you paid for, so being a corner block is good, and Im assuming you looked into the possibility (hopefully probability) of future growth. Being a -vely geared property Im…[Read more]