Hi Luke,These guys are right not all planners will be able to advise you on property. However they must provide advice that is best for your situation so they will tell you up front if they can help you or not.To learn more before you just contact any planner go to: http://www.fpa.asn.au/Im not a planner, but I work for AXA and from my experience…[Read more]

Dom,Unless someone was deceptive in the deal, honour your contract.  Dont screw others around because you made the mistake. Im sure you dont tell others when they are underselling to you to think twice.Regards,

Testimonials are good after product selection. So if you select your product, what ever it is, using facts and logic.  You would want to ask "So what do people really think".  So instead of a pre-fab testimonial, the most valuable ones are where you structure a few questions and ask a few selected users of that product yourself.   Even if it was…[Read more]

Well you're all wrong!!!No wait a minute I think thats wrong…  You're all right!  and apoligies to those who would be offended by such a personal attack.Regards,

Are you debating about whether to kick the tenant out first or sign up a PM?If you sign up a PM they will kick the tenant out, and if all damage not repaid, will list the tenant on their database which is a good thing for all other PMs out there.  Its also a good stick to ensure that the tenant does pay up.Regards,

Baba,
Best way to avoid x collatoralising is to take another loan out on the other property (required as a 2nd security) and using this money to contribute to the purchase of your current property. In total your LVR will remain the same.

Thats the simple view, Im sure the MBs on this site will correct or provide other…[Read more]

Most people are lazy so reaseach potential BCs first and highlight their benefits.

If you live in the building, and its not too big, do a door knock. You will either find out if they live there or if they rent, if they rent you can get the contact details of the property manager and you can sell them the idea.

Once they are sold you can be sure…[Read more]

Hello GC,
Given that most times paid for renovations on IPs dont really get a corresponding rent rise, if I was in your situation I would probably make it a PPOR. Spend the next 12 months fixing it up on a shoe string budget (call in all those favours!).

After 12 months consider changing it over to an IP (get it re-valued and a depreciation…[Read more]

Writing covered calls always seemed a contradiction to me as writing the call assumes the market wont rise, yet owning the share assumes the market will rise. Why would you have capital in a market that you assume wont rise?

Mathew
http://www.arrttt.com
Custom Oil Portraits

Hi Dan,
Im not a stats guy but I do remember last year everyone said prices will remain relatively flat, they also said that the year before and the year before that. Actually I think that has been the prediction for about 5 years for Sydney.

I was concerned too, but I beleive with the stength of the economy (exports), low job vacancys, etc. I…[Read more]

Thankyou for your responses.

Love my Car I have a question. How can you keep the land tax threshold though a company structure? I though companies as well as almost all, if not all, trusts do not get the threshold.

Im looking at an annual bill o ~$7k so Im happy to try alternate legal approaches.

Thanks

Mathew
http://www.arrttt.com
Custom Oil Portraits

Hi Mark,
I hear you saying your mother is stubborn but at her point in life, I think my strategy would be around capital and income protection which may or may not include a strategy to purchase more properties.

What if in exactly 5 years time property prices halve in WA due to a resources recession? How is she protecting her nest egg?

To me it…[Read more]

Thanks Terry.

Has anyone challenged their land value and won? How did you do it?

Has anyone requested an exemption and won? An exemption that is not stated as being an example that you can use?

I need to find ways to challenge it, I want to keep all my property in NSW but land tax is a very terrible tax. I see it rather as an erosion tax is…[Read more]

Hi Greg and Mr Purse,
Chatswood is a nice, low crime suburb about 5 train stops north of syd. Its a main train stop and there are lots of high rise residential developments going up.

It also has a pretty big westfield. It is currently undergoing a revamp.

Demographically its a strong asian town as well as elderly who still own their beautiful…[Read more]

Generally the BC admin just administers. There is usually a chairperson and board that consists of owners and they, along with all owners have the power to give any direction to the body corporate administration, including sacking them.

You just need to determine what rules apply. For example the BC I am involved with would require me to get 85%…[Read more]

I hit the pavement last Sat and inspected 4 units. 2 were really good for their rental ask. This was also reflected with 20+ people all inspecting it.

Out of the 4 I put in 3 applications. Out of the 3 I was 1st place on 2.

But on the same day I happened across a recently renovated 2br unit for sale at a good price. So I bought it instead with…[Read more]

Great points raised here. Keeping it simple (without mortgage insurance):
1. Bank only lends 80% of the property value (70% for commercial)
2. Your income must be able to service the loan
3. These parameters vary a little from lender to lender

They are the only 2 levers you have. But you have many options on how you work each one and these are…[Read more]

From my experience, an experienced agent will be getting you to sign almost immediately after the vendor accepts the offer to ensure the deal is sealed.

As far as I can tell there wont be much recourse from the vendor if you withdraw your offer. More so the agent will kick themselves for not getting you to sign .

Mathew
http://www.arrttt.com
Custom…[Read more]

Hi,
You can add subject to finance. Some may accept it. But you have 5 days cooling off. So you get your building report and pest report done in this time. Worst case you lose your .75% deposit.

I think its best to offer low, add in no conditions at all, add in any sweeteners to entice acceptance of the low offer. And then get every inspection…[Read more]

Well you cannot stop unethical people doing unethical things. You can chose whether you do business with them. In your situation whether you do or dont you may find the developer gets what he wants. I would guess your land is worth more when combined as 3x rather than on its own??

So I would think I would meet with the developer. Its not a…[Read more]