I think you need a long settlement for you due dilligence, asbestos certificates, finance etc. Different rules apply for commercial finance so be warned. Many banks have trouble getting the commercial valuers, who will also want to see any leases.

Personally I’d go for 60 days with my due diligence cut off at 30 or so.

Start up a wealth club and sign up 1 platinum member for $20,000 and then give 4 hours af investment advice…whoops I forgot about ASIC regulations- make that 4 hours of education as that is not yet regulated.

PS see if the airlines have last minute cancellation- it may be cheaper.

Yes but expect to be hit by extra stamp duty from the OSR. Why not buy in a ratio of 99% & 1%- you don’t have to commit to this on the contract, only at the later time of the transfer forms

I’ve never been to one of their pricey intensive seminars but I have watched their entertaining hijinks with interest..

Personally I don’t believe in fronting up at the door of elderly owners ( a particularly vulnerable section of our society open to duress and pressure) and trying to pick up the house at a reduced price (as I saw on one ACA…[Read more]

Hi Terryw,
I was looking at it from a lawyer point of view- here in qld an installment contract allows the buyer some room to move if they default and also the buyer can caveat their interest. On a pure rental agreement it gets a bit harder for them to move. I gather that each wrap deal is different in nature and has to be looked at on an…[Read more]

EEK!!!!!!!!!!!!!!!!

What did I unleash with my innocent post. A few conclusions that I have drawn are:

1. There seems to be a trend towards full disclosure of facts ( which was sorely missing in the Court case I referred to) to the wrappee.

2. Although no one discussed margins in percentage terms it seems that any margin is acceptable if there…[Read more]

I did that once Hallway and the agent went and bought the property himself !!!!!!!!!!!!

Going to charge a commission but the property may be sold to her partner/investor mate? Read a book by Neil Jenman called “Don’t sign anything”

Run for cover