Thank you so much for that information. I'm building in Qld. It's just difficult when I really need a construction quote so that I can get a valuation from the bank's valuer to ascertain if we could get finance.Alas, I can't do so, unless i follow through the steps, including, providing proof of capacity to pay….? hhhmm…

Hi may I ask which insurance company you are with. If you cant say online, perhaps PM? thanks

Perhaps the valuer knows something you don't….to value it at 15%.I don't know that banks and valuers are necessarilly that conservative with valuations at the moment. My valuation came back with an increase of $50k in 6 months…..If you have done your due diligence, and you think the price is reasonable, I will get another valuation from…[Read more]

Hello all,Thanks to each of you who have given your opinions and advice on the matter.I thought I should update you as to what's happened so far.First of all, we completely understand the neighbour – I mean who wants an easement on their property that BURDENS the proeprty and BENEFIT our land. The positive thing for her is that if she would later…[Read more]

In the first instance, I dont know how this could be possible unless the developer agrees and supplementary agreements are signed.Tell your friend to be very careful when dealing with the property that has an option on it. Options that have been drafted well are tight and have been upheld in court such that, people mostly do not bother with…[Read more]

I have a 3 bedroom towbhouse in Calamvale available now…

Terry and Ryan,Your replies have helped immensely, thank you.It always help when I hear the opinions, and comments of like minded people.Sometimes, when I talk about my investing to some friends or workmates their jaws drop and think Im crazy for taking on too much debt or risk. What they don't realise is, it is: 1. a good debt; and 2. a c…[Read more]

hmmm.. I remember, the reason that we did it that way was so that B did not have to pay stamp duty. C, on the other hand, will have to.The downside to this is that A will see how much you sold the property for and will probably not agree to a simultanous settlement.

thanks for your reply, Richard.I think I will hold the new property (if I get finance) for at least 12 months.The current development I have should hopefully give me some cash later to inject into the project of 3 units in order to get finance. I may do them as freehold and will rent them out. If I can show the bank as much argument I can that…[Read more]

Scott No MateThanks for your input – its very helpful. I shall broach this with my artichoke and see what he says. Just wondering if anyone else had similar experience?

Hi BarryThanks for your reply. You are right – we bought with other family members to get started into investing. It was the right strategy at the time but now a better opportunity exists.I realised that the bank didn't want me to get the property as banks are usually quite conservative.But if we don't risk a little – we don't gain, right?I'm…[Read more]

your solicitor should be able to tell you of other loopholes including:1.the agent's  failure to draw your attention to certain documents and clauses when presenting you the contract , (buyer's acknwledgement etc.; 2. failure to provide certain documents (27c, sustainability declarations, etc); and so on.

i think I've done this before but I can't recall what its called. It is a simultaneous settlement and you will have to seek the seller' s permission for the transfer documents to be transferred from A to C as opposed to A to be to C – which means the property never really transferred to you.You will need to speak to a very experienced solicitor…[Read more]

I concur with the above comment. If you've done your property searches already and you found something that might also suade the bank the security is compromised, this may help us well.

fantastic idea – am in the midst of doing one at the moment!

You may be able to buy properties under your name if you'd like to take advantage of the negative gearing benefits of your IP now and then set up a testamentary trusts so that the assets are protected upon your death.

Look up testamentary trusts – they are  like a living will.Upon your death, your assets pass to your beneficiaries via individual (if you wish) trusts.This essentially AIMS to protect your beneficiaries' assets from bankruptcy, divorces, etc. As advised by others, the powers of the courts are wide ranging.Hope this helps.

Thank you so much Terry and Richard.I have been reading the threads (almost all of them) and note that both of you make significant contributions in this forum Thanks for your thoughts and advice!!

I think 'deals' are still to  be had. Certainly the best time to find it is when everyone else 'panics' and are not buying.Last year, I found an IP, bought and rented it out straight up. The agent didnt know (I assume because she never marketed it as) that the property was a development site. If she knew, she would have probably gotten premium…[Read more]

Clinton Mohr Lawyers specialises in property law. The principal, Clinton Mohr, is very good. Hope this helps.