I’m not 100% sure on this one.

But I would be approaching the council to ensure he had council approval in the first place. If he hadn’t he would be 100% liable.

It would be wise to get legal advice to steer you in the right direction.

Anyone else have any ideas?

Joshua

Multiple Property Strategist
Investor Finance
joshflack@investorfinance.com.au

heres some to get you started (others might like to add to them)

1) biggest question of all – COST. what percentage or what fee do they charge?
2) Inspections – procedure, how often etc.
3) Management agreement- if you enter into an agreement what term are you locked in there for? what is the break cost if you want to break agreement (in case you…[Read more]

Property Management Gauranteed on Payneham road are very good.

My brother uses them, I manage my own.

My recommendation would be to ring around and get an idea of what different companies offer and what they charge and choose one that meets you needs.

http://www.pmgaustralia.com.au

Happy Investing

Joshua

Multiple Property Strategist
Investor…[Read more]

yeah definately buy ASAP

I heard someone say once that you will never save your way to riches.

The only way to do is leverage you money and have it working for you.

If you buy a house and it double’s in value every 7-10 years. Imagine how long it would take to save they same amount as the equity (lot longer then 10 years)

I’m a mortgage…[Read more]

Hey Shrimpo,

If your living @ home or living somewhere with cheap rental, my recommendation would be to stay there while you get an investment property or 4. [exhappy]

Being a young investor myself I choose to rent and rather then by my own home, mainly due to the fact it’s cheaper in this circumstance.

When your worried about not getting the…[Read more]

If you don’t have any capital to get your first property. There are 3 lenders I know of that do 106% finance. Which covers almost all your fees and charges also.

Banks have also release products that don’t require genuine savings. There fore you can receive ‘funds to complete’ from gift, borrow, family equity and more.

Other ways to get in to…[Read more]

Richard is right, getting finance isn’t a problem however high LVRS are.
Prime lenders usually only take units over 44-50m2. anything under that you usually have to go to a specialist lender or what we like to call outside the box lending. anything over 44 you can usually get up to 90-95% LVR. however under 44m2 you may have to settle for 50-70%…[Read more]

I’ve heard this product is good.

haven’t bought it yet.

usually for sale from good accountants

http://www.cashflow-manager.com/australia/products-pc-rent.asp

good luck

Joshua

Multiple Property Strategist
Investor Finance
joshflack@investorfinance.com.au

I heard that this program is pretty good

I haven’t bought it yet but will soon, check it out might suit your needs

http://www.cashflow-manager.com/australia/products-pc-rent.asp

good luck

Multiple Property Strategist
Investor Finance
joshflack@investorfinance.com.au

WOW… theres quite a range of business or occupation backgrounds here.

I’m a Branch Manager for a mortgage brokering company. Great job, working with property investors and investing myself. It has given me a great education for my current portfolio and future goals and strategies.

Joshua

Multiple Property Strategist
Investor…[Read more]

Although I’m not situated in Perth and not allowed to advertise my services(forum rules), I would recomend you make sure you ask your prospective broker that they invest also. make sure that they use or put into practise the strategies you’re wanting to use.

Most of my Clients in Perth have experienced some great growth and success with their…[Read more]

Have you got property? you may be able to use this as security.

Could always use the FFF bank (Friends, Family and Fools) and use equity in their property.
It would take a bit longer then a week however it is a solution.

Multiple Property Strategist
Investor Finance
joshflack@investorfinance.com.au

The 2 replies are right it is defininately possible however only one or 2 lenders that will accept it. Agreed Macqaurie would be first to check.

One deal I did recently was … Title in the Co/Trust name and loan in the individuals names.(not the best way to structure a deal however they were advised to go that way) Went through ok till lender…[Read more]