Residex can provide substanial reports on either a post code ($90 inc GST) or specific property ($55 – $65 inc GST).

Hi New2investHave a look at this thread…    may help answer some of your initial questions'https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4331667

If you bought the property using a family trust wouldn't this allow you to further distribute the cash flow to assist with tax ?Eg. Your children can each earn $6000 from the property before they pay any tax…Nb. I am defiantly not an expert in this area, so not sure what implications this would have when selling the property, asset p…[Read more]

DWolfe wrote:
Best way to create a crash is to keep saying it will happen!

Hey DWolfeYep…   the economy (the share market is one of the best examples) is predominately driven by emotion.It is scary how many people (aka general population) base their decisons on things like what the 7pm news report said, their best mate at last weekends BBQ…[Read more]

Ni NillixGreat to hear you have an active investor as a mentor who is able to cast an eye over your decisions…I personally use PIA by Somersoft and find it is very good, the reports the software will generate and the ease of entering 'what if' calculations are great…     don't know the others so can't comment there.

I just bought a unit that had tennants in place.They were on a expired lease, and the only notice that was required was 30 days + postage…    (From my understanding, standard notice is 60 days + postage, unless sale contracts have been exchanged and it then becomes 30 days + postage.)In regards to if you should give notice to your current tennan…[Read more]

Make an offer subject to the driveway being repaired to the approprate standards.  

Hi AndrewMate, this question is bound to stir up some varied responses…Historically, House and Land has gone up quicker than Units.Having said that, i have a preference for units or townhouses…   i feel that society is moving away from the Married Couple with 3 kids and a dog towards things like the DINK's, single parents, Gen Y / Gen Z pu…[Read more]

Nah Mate'This guy got one here last night and posted a bunch of posts along these lines…Stick around, there are plenty of people on this forum who are genuinely interested in answering your questions and learning from the various opinions put forward.  

dcn08 wrote:
 I read somewhere that If you have a high enough Credit limit on Credit Card you can use this for a deposit for your first investment. A way to get started sort of thing if cash flow is tight…

Hi dcn08Although Terry or Richard may be able to comment on this, my understanding is that there arn't any lenders at present who will…[Read more]

DWolfe wrote:
The only problem with hiking up income tax is that most people who can afford a top accountant wont pay over 30% tax. The only people who will hurt will be the tradies and the like who do Saturday overtime and lose all of it to tax.

The only way to effectively tax all citizens equally is to increase the GST… 

Survival money…    Without knowing how much you require each week to live, it will buy you time.Use that time to either get another job, and simply resume paying off your property, etc etcor, Use the additional time available to you to get a decent sale price for your property as opposed to a 'i have no choice except to take the first offer on…[Read more]

lucky4s wrote:
strata is quarterly not sure what you mean by this does it mean i can take out money from my home value?

In essence, yes.A LOC (line of credit) is basically a extension on your current loan that  you can access at any time.The advantage of a LOC is that although the money is available to you at any time, you only pay interest on…[Read more]

Hi Lucky4sIs the $520 Strata Monthly or Quarterly ?If Quarterly, at a real quick count your property would be CF+ if you were to rent it out. Obviously, you would need to rent elsewhere and that would incur costs etc.Other option would be to change the loan to Interest Only, to allow for a few extra bucks each week (i presume your paying P+I)Not…[Read more]

ryan mclean wrote:
I thought I would just get a no back, but I go a counter offer. They offered $70,000 with $65,000 paid on settlement date and $5,000 paid back over 3 years. 

 Hey RyanPlease understand, this is not a critisism, just a question…Do you think that the vendor being willing to accept a Vendor Finance sale, is an indication t…[Read more]

Hey AsokaI have to agree with Duckster mate.If your going to work, aim to get a job that will give you field experience to back up your qualification.

DWolfe wrote:
Do you think that the increase in "aged care facilities" such as they are building around here, (Think pictures of grey haired, wine sipping, Mercedes driving, gents and ladies) will fill part of the gap and become a new trend? I don't see older people flooding out of this particular area hence the shortage in available stock for…[Read more]

fWord wrote:
This makes sense to some degree. However once we factor in the 'record immigration rates' or 'population growth' that some pundits talk so often about, and these immigrants having some serious cash to boot, I don't think the big houses in blue ribbon suburbs will plateau in terms of value. Furthermore, these houses apparently change…[Read more]

fWord wrote:
When you think about it, how many other people are whinging and whining about affordability purely because they want to live in the middle of town, or the blue chip suburb with limited houses and nice trees.

In all honesty, i try and avoid posting unless i have something of real value to add, but this thread did press one of my…[Read more]

god_of_moneyIn the interest of supporting the brokers who contribute regular and informative posts on this forum, i will message you off line.