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Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
December 30, 2005 - 12:26 pm
Best bet is to cut the overhanging branches for now back to the line of the property. Simply place the brances over the fence on to the land of the neighbour as they do not belong to you. Then come to an agreement with your neighbour to get a professional to cut down the tree. Hope that helps.
PS, just a law student, but IMO that is the way to handle it.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
October 4, 2005 - 8:45 am
Also in the Gold Coast area. As far as i know there are no existing clubs on the Gold Coast. I know there is a good club located at Ipswich. Its run through Action Realty (a first national real estate agency) and every 1/4 they have a great guest speaker. They are new and have so far only had 2 meetings, but the first meeting was brad sugars, and the second was lisa sanders. I think the best bet would be more of a structered meeting rather than a get together and chat because it reminds me of a year 7 dance where nobody approaches anyone.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
September 23, 2005 - 3:43 pm
Sorry, bare with me. still only 4th semester law.
If the trustee is sacked by the appointer, does that mean the properties in the trust have to be repurchased by the new trustee (stamp duty implications???) as it is assumed the first trustee will not want to be on the titles anymore?
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
September 14, 2005 - 3:34 pm
Tall Poppy Syndrome.
Some people don’t believe that Steve should charge for his advice(mentoring), but then those same people are ignorant to the fact that this is Steves business. I see no difference in demanding free food from coles because they are a well off company.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
September 14, 2005 - 3:31 pm
http://www.homepriceguide.com
Then click on postcode snapshot up the top. enter the postcode or suburb and you should be fine.
ALL FREE
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
September 14, 2005 - 3:23 pm
Hey John, welcome. Sorry to burst the bubble for you, but the 11 second rule is dead unless you want to go to a country town with negative growth, or commercial property. This is my opinion only. Due to your high income of your partner and yourself, you are probably better off looking at future growth areas such as Ipswich Qld, or some of the W.A coastal towns.
Also first before you set out in the world of investing, you will want to set your structure up correctly. Eg create a trust and a $2 company is a favourite option. You will also need to get in contact with a good mortgage broker, and whatever you do don’t cross-securatize or cross collateralise your current property with new ones.
I have a name of a great broker if you want to email me i can pass that info on to you.
My email is [email protected]
I know this might be a bit too much at once, but you are in a great position to invest.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
September 2, 2005 - 3:18 pm
Wild One, the banks wont let you purchase more property? What is up with that?
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 19, 2005 - 1:26 pm
I loved his books, made alot of sense to me. Also saw him in person at a seminar about 2 years ago. loved i all!
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 13, 2005 - 1:26 pm
Hey Moorey, congrats on getting to where you are at. When you say that you will be worth 400,000. do you mean you will have that much equity? If so, i would highly suggest looking at some top end commercial property. Commercial Property Yields are still very good and even better if they pay outgoings. Just make sure you get a property that can easily be leased out if current tenants don’t renew their lease. The reason i suggest commercial is that you can only really lend 70%, which means you have to find a 30% deposit + costs. But if you have that much equity, the definately something to consider.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 4, 2005 - 9:21 am
My appologies. I read it really quickly and thought he was selling it, which i didn’t think you were allowed to do.
If he is just giving free advice, and is not looking for a commission, then i am guessing giving the info to everyone would be okay? is there a moderator to correct me if i am wrong?
If it is allowed, then why not post what you have found and we can all talk about it?
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 3, 2005 - 7:58 am
I have not been here that long, but i am pretty sure that is not allowed….
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 2, 2005 - 3:16 pm
I would say thats a No. Why not start a new post and ask who would be interested in joining one? Then maybe put the wheels in motion and start one? Maybe start by using that electricity you are so fond of and ring some of your friends?[biggrin]
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 2, 2005 - 3:08 pm
My brother bought a unit in brisbane which has 3 months of the lease to run. He intended to move into it, but got transferred to sydney with work. He was okay. My sister bought a unit, similar siutation, 4 months lease to run. She has an accident and needed live at home for a few months. She also got away with it.
These were both legit circumstances though. They both intended on moving in when they signed the contracts
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 2, 2005 - 3:04 pm
Gilad, i am very much in the same situation its scary. Nearly 20, studying law. I have some experiene in the finance industry. Paid off my car, but still have usual expenses in running it, and i only work part time. So far this is my plan, not sure if you can utilise it. I found a one bedroom unit around 1km from home. its for sale for 159k, built in 70’s, very original condition. I am hoping they will accept my offer of 145k. I am trying to go halves with my parents in it, use my first home owners grant of $7000, my stamp duty rebate, and claim it as my PPOR. My parents are going to pay the deposit, and i am going to use the $7000 for the repayments i will have to make while i am supposingly living in it. In the 6 months that i am supposed to be there we will do some improvments to it. After the 6 months is up, get a tenant in there ASAP, then just sit on it till i graduate and can afford to buy out my parents. I still have to work out some of the finer details on who will make the rest of the repayments as it will be neg geared around $50 a week. Hope it helps. BTW where abouts are you located?
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 1, 2005 - 2:50 pm
Someone else up as late at me…
Sorry what are strata fee’s?
Is that just body corp? The body corp is only $5 a week which is quite attractive. Its over 50sqm, around 65 i think.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 1, 2005 - 2:43 pm
Willi, i have Sent you a private message.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
August 1, 2005 - 4:19 am
It cost US$130 million to build. Selling for US$1.295m. God look at the depreciation! lol.
I was thinking the new Batcave rather than a Bond Hideout!
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
June 30, 2005 - 12:54 pm
It was a 6 pack of units. Renting for $130 each. Asking price was $225,000. Still waiting for their contract to fall though haha.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
June 15, 2005 - 10:34 am
Grr soo annoyed. i swear this agent has it in for me for some unknown reason. I faxed though an offer, and she rung me and said “this is not how we do things here”. i feel like slapping her.I am guessing that she does not deal with investors very much, as she does not understand that i can not walk into her office and sign her already prepared offer sheet. She faxed me through a copy of what her “i prepaed one earlier” offer sheet looks like. It has the agencies name on it, and all these other things which should not matter. I can not comprehend why she would not want to help me, rather than push me away. I asked if there is anyone else in the agency i can deal with and she said no because its her listing. They are also the only agency with this property.
Matt R (Gold Coast)
Matt R
Member
@matt-r
Join Date: 2005
Post Count: 38
June 11, 2005 - 1:16 pm
Spoke to the agent. Faxing is not acceptable. Must be the original. I am thinking about ringing another agent in the same town and getting the low-down.
Matt R (Gold Coast)