Total Members: 159,495

Linar

  • Linar replied to the topic Please put all “world is going to end” posts here in the forum Hi freelance2020
    I would
    15 years, 11 months ago

    Hi freelance2020I would LOVE to hear new strategies about how to tackle the current market.  My problem is that the majority of the doomsayers offer no strategies, only condescending comments about how everyone's property is now worth 10% of what is was 3 years ago and that we are all idiots for wanting to continue investing in property.  I read o…[Read more]

  • Linar replied to the topic All my warning posts got deleted ? in the forum General Property 15 years, 11 months ago

    WJ Hooker wrote:
    Scamp,              The forum was getting boring until you came back and set it alight with discussion and ideas from both sides, its great to hear both sides of the arguments.                Thanks for all inputs. I'm sure there are lots of readers like myself who are interested in hearing from all the forum participants.

    W…[Read more]

  • Linar replied to the topic cheap kitchen in the forum Value Adding 15 years, 11 months ago

    Have a look in your local paper.  I was about to get a new kitchen installed in a reno I am doing at the moment and the cost was $5500.  Then I found a second hand one locally in fantastic condition for $200!  It is a perfect fit for the design we want.  Including installation and a new benchtop the whole kitchen will cost about $1500.

  • Linar replied to the topic buying with a right to early access in the forum Help Needed! 15 years, 11 months ago

    Hi FrostyTo answer your question, get your solicitor to draw up the early access clause.  That way you get what you want.  The most open ended clause is to the effect of "the vendor allows the purchaser access to the property prior to settlement for the purposes of renovation".  That clause gives you a lot of latitude.  If the vendor has a pro…[Read more]

  • I may be wrong but it seems to me that you have joined the site because you are so unsure about whether you have made the right decision.  This suggests to me that not only are you are unsure, but you have gone to the trouble to ask property investors their thoughts.  It seems to me that you are VERY VERY unsure!It's a buyers' market out th…[Read more]

  • Linar replied to the topic WARNING: Investors with property in mining areas… in the forum General Property 15 years, 11 months ago

    "I would imagine Steve was busy selling this kind of property over the last few months and thats why he waited till now to post this."That's a big call Crashy…  Steve, I would be keen to read a response.  Do you own property in mining towns?  If you don't, did you?  If so, when did you get out?CheersK

  • Linar replied to the topic cheap kitchen in the forum Value Adding 15 years, 11 months ago

    Hi WhiteknightozI think so.The auctions are great if you can see what you are getting.  Flatpacks, carpets, flooring and other items that are wrapped up can be of very dubious quality and often aren't worth the hassle.CheersK

  • Linar replied to the topic IS the R.E.S.U.L.T.S program REALLY worth it? in the forum Help Needed! 15 years, 11 months ago

    A couple of years ago my husband did a property development course and met several people at the course who had done the RESULTS program.  What astounded him was that there several of the RESULTS people hadn't bought any property.  Here they were at another course that cost $3000+ and still hadn't made a purchase.  He also met some RESULTS peop…[Read more]

  • Linar replied to the topic tenants rights? in the forum Help Needed! 15 years, 11 months ago

    Hi CrashyI have just read this thread and what immediately jumped out at me was the fact you paid the relet fee.  That fee is a charge by the PM to get a new tenant in the property, as part of a contract between the PM and the owner.  That is not a fee that you should be paying; it should be paid by the owner.  I see it has been addressed now and…[Read more]

  • Linar replied to the topic TAFE Property Investment Programs in the forum General Property 15 years, 11 months ago

    Hi Michael 888My comment about cynics was in relation to the comments you, others and admittedly I myself have made when a person comes on the forum and sings the praises of a particular company/course/book and more often than not eventually reveals themselves to be linked to whatever it is they were spruiking.  I just wanted to establish that I…[Read more]

  • Linar replied to the topic cheap kitchen in the forum Value Adding 15 years, 11 months ago

    I have seen them at the Homemaker auctions in various states.  Try graysonline.com.au.But a word of warning: the quality can vary greatly.  Often what is in the box does not match the display, cupboards don't fit, granite benchtops don't cover the benches etc.If and when you do buy one, make sure that whoever you buy it from will give you your m…[Read more]

  • Linar replied to the topic Receiving rental payment for IP in the forum Help Needed! 15 years, 11 months ago

    That makes it all far too difficult.  I think you would have to treat each transfer of money between entities as a loan.  I have my properties in several trusts and companies and occasionally I need to use money from one entity for another entity.  When I do that I record it as a loan between the entities.To my mind, any benefit received would be…[Read more]

  • Linar replied to the topic TAFE Property Investment Programs in the forum General Property 15 years, 11 months ago

    Did the course in 2007 and loved it.  There is no "barrow" to push, most of the lecturers are property investors themselves and so they walk the walk.  Just about every aspect of investing is covered, from finance to legals to renovating to developing.If you want to get a pretty detailed overview of property/investing and you don't have a p…[Read more]

  • Linar replied to the topic My first reno in the forum Value Adding 15 years, 11 months ago

    Hi MelanieI don't see a problem with white tiles.When I build or renovate I choose my colour schemes in the hope that people will walk in, look at the property and say "that looks great", walk out and then five minutes later ask themselves "what colour were the tiles/carpets/walls?".  That is, I choose colour schemes so bland and inoffensive that…[Read more]

  • Linar replied to the topic Reason for selling unknown in the forum My take on it is that the 15 years, 11 months ago

    My take on it is that the vendor is probably selling for personal reasons (debt, marriage break up etc) and the REA doesn't want to disclose the exact reason.As soon as I know that there are "personal reasons" behind a sale, especially if the agent has hesitated before answering, that is my cue to go in very low with a cash offer.  "Personal…[Read more]

  • Linar replied to the topic Receiving rental payment for IP in the forum I don’t see why you can’t 15 years, 11 months ago

    I don't see why you can't put the rental income from IP(1) into the mortgage account for IP(2) and then have both mortgages drawn from the same mortgage account.  It doesn't matter where the money goes as long as you account for it on paper.As long as you record all rent as income and all interest payments on the mortgage as outgoings and keep…[Read more]

  • Hi emptyvesselAsking what hidden extras there are in building is like asking how long a piece of string is.  There is an unlimited list of what might not be included, or unanticipated or unexpected costs.  I'm sure that even the most experienced property developer occasionally gets hit by a cost that he/she didn't anticipate.  I expect in that ca…[Read more]

  • Linar replied to the topic Tax implications of living in short term rental IP for a holiday? in the forum Help Needed! 15 years, 12 months ago

    Hi AndrewI'm not an accountant but I think that your deductions will be reduced by 2/52.CheersK

  • Linar replied to the topic Borrowing against the market value of a property? in the forum Help Needed! 16 years ago

    I'm not so keen on that clause.  If you ever got questioned by Stamp Duties or the ATO would you be able to swear a Stat Dec to the effect that you really expected the vendor to carry out $30k worth of improvements?  I also wonder whether the banks are becoming more aware of these kind of clauses and are starting to question them.  One of the pr…[Read more]

  • Linar replied to the topic SCAMS – CONSUMER SCAMS you should know about in the forum Opinionated! 16 years ago

    This all looks very sus to me.  These sorts of things happen all the time.  Why the need to post on a public forum?  And why, in particular, this one?With all respectK

  • Load More

Linar

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,495

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!