So sorry the original question hasn’t been answered Helen. If you do a general buyers agent search in this forum and spend enough time reading there are some recommendations that are free and independent. To find more in-depth reviews you might need to do some google searches, do a little more digging inside this forum or the other major…[Read more]

If they are pushing you then its a good sign its not the right fit. Good on you for having the guts to choose a different path. As long as your in laws have some property investing experience I would say it will give you a better result!

Welcome to the forum Helen. The purpose of the forum is mutual education. In that spirit anyone in property related industry is welcome to post and comment and even mention their service but we try not to sell so much as to help. This way everyone learns, free of charge (which was always the intention of the place) and anyone interested in…[Read more]

Well Janelle as Benny said and with some of those comments there I would press pause and take a sensible pill. Remember that when firms are marketing new property most often these marketing firms work for DEVELOPERS, not you. You are not the client, you are the patsy. Get independent advice from someone who only gets paid by you.

These forums…[Read more]

As stated its much more complicated than just building a kitchen. There are other ways to plan minimal land tax across a portfolio. In my view there are problems with contaminating the PPOR as income producing so this may not be the best way forward.

What is more important is having a set of goals to start with. Work backwards from that.…[Read more]

I find them regularly. There is a range of tactics.

1 Owner and Agent know what the land is capable of and it is well marketed – in that case be honest pay market value and move fast.
2 Revers above, owner and agent may not know, and it may be poorly marketed and the market has missed it. In that case negotiated harder on price.
3 Cant find…[Read more]

I have used it most days in the past week fine, time for you to contact them I think. I did go through a patch a while back where specific sites like this would give me grief. Spent ages trying to fix but turned out to be a bug in Safari so loading Chrome and switching between browsers helped. Try that first, if no luck from new browser then call them.

Joint ventures are certainly possible. Rob Balanda a very well known oz property solicitor has a series of educational resources available on this topic 2 are relevant:
1 Joint Ventures Made Simple
2 Options Made Simple

In 1 you do the project together
In 2 one of you options the other’s site for slightly more than market value and does the work…[Read more]

Wow FIDO that is a huge reality check for anyone in that market! Did you buy one?

Welcome!

I would suggest if you main goal is rental income, that you sit down and think about building a portfolio of properties, with some good rental yields. You might want to do some value adding too (such as renovations) which will speed things up and keep the deposit money flowing. If you want to remove the emotion and buy on the…[Read more]

I stopped worrying about property vs shares a long time ago.

I am lousy at shares (equals gambling) but have been doing property for a while so I know I can outperform averages in the short term with active strategies (negotiation, cycle, renovation, development) in the long term properties will revert to the mean anyway but the returns are fine…[Read more]

I get that you want a nice car – and if you are asking the questions here you obviously want to find the balance and preserve your borrowing capacity for IP’s too. Well done for asking BEFORE committing to the shiny new expense.

If you really want to salary package – here is what I once did to try and get the balance right (nice car but not…[Read more]

Has anyone mentioned this?
http://forecast.id.com.au – population growth forecasts

…my top 5 are available as a free download toolkit. Go to home page of my site and scroll down, click the green button.

+1

If going down the trust route get good advice from someone with real residential property investing experience.

I have no affiliation with Terry and I am not an ongoing client of his but I have previously paid him and his business partner to provide structuring advice (so I could cross check with my own accountant/advisor) It was TOTALLY…[Read more]

I can’t comment on whether its worth it due to the emotional baggage – that could be a deal breaker. Otherwise good replies above from Terry and Richard.

The CG exception alone could see you in a good year making 100k in tax free equity gains. Thats a pretty big deal.

As above Richard Taylor has a great track record and some good wisdom in this area – chat with him. As a private investor starting out I did everything in my own name but different lenders across each property to avoid cross collateralisation. Otherwise my view is that loan structuring is quite important and you should probably see an…[Read more]

So “one stop shop” in this case appears to mean “we will take money from the developer, and we will take money from the loan” – no I don’t think this is in your best interest

“promote new properties rather than old” this is because it appears they get paid by the developer. If this is the case they are not working for you, or looking after…[Read more]

Thats fine babyflynn – if you want to chat about more affordable options in Wollongong – drop me a line. I have done a bunch of sub 400k deals recently. Sydney is indeed the most solid market, and it always will be. I just worry that its had a long run of growth and people always expect this will continue forever at the end of the cycle. It…[Read more]

Gday Sammie,

I can still remember saving the first 5% deposit and costs at 23 (too many yrs ago now!). Bought a renovator. Spent another 5% on reno. rented it at increased rate due to reno. Refinanced after 4 months. Purchase IP#2 entirely with equity from the refinance signed contract exactly 6 months after the first one. Repeated this…[Read more]

Yep no doubt some of the cheeky ads are generating interest and selling above asking price. Best of luck. Still a few in that price range in Illawarra, not many.