Great thanks Terry, helpful as always.

Does anyone know the rules for options in Victoria and a good solicitor I could discuss it with?

It sounds ideal for my current deal which I plan to onsell and won’t be titled for another 18 months.

If they are going to be relatively cheap units, you may want to look into NRAS. This would increase your cashflow. It is normally only available for large scale developments for cheaper housing, so this could fit in perfectly. It could potentially give you a guaranteed cashflow with significant tax benefits and no vacancies.

It is also possible that if there is a minimum block size after subdivision, buying the second block could assist with this.

For example you have a 1000 sqm block and council regulations state that the minimum block size is 600 sqm. Buy the 1000 sqm block next door and create 3 blocks which are all at least 600 sqm.

Doesnt matter now, the Senate stopped ETS.

Westpac increased their deposit rates by 0.45% also, so they aren’t just taking, but giving as well.

It reflects a preference for local funding where possible.

I put the blame on Rudd’s stimulus which encouraged everyone to borrow lots of money, and at the peak of the rush to buy homes at inflated prices, the RBA increased rates. It was all just…[Read more]

dnh, positive cashflow really isnt that hard to find right now, but if your goal is $250k, positive cashflow is unlikely to get it for you (unless you could consider it based on the NPV).

One further question, are you in USA, Australia or elsewhere?

Lewis is knowledgable but I found him to be very unreliable. I had him prepare a vendor finance contract for me and it took him several months to write it for me. I had provided him with all of the required details for the deal up front. I was chasing him up at regular intervals the whole time and advised continually that he would have it for me…[Read more]

Find another bank that will lend you the money.

Please expand on your situation so we can understand:
1. What is your gross salary?
2. how much cash do you currently have?
3. What debts do you owe?
4. What is the value of the property you own?
5. What return is your property providing you?

This really is a fascinating concept. Interesting to note that they can offer this product in highly cashflow positive locations like Moranbah.The only concern I have is the cashflow considerations for the building products company that doesn't have any funds coming in for the next 5 years. Surely it can't be a sustainable model?

Yes, I would agree with tarnstar, if a vendor started at $1.2M and is now at $1M after 2 weeks on the market, the odds that they would accept an offer starting with an 8 are quite good as they seem desperate to offload the property.

I was hoping that someone had developed a system that takes snapshots of realestate.com.au and domain.com.au and…[Read more]

Just from a quick look online, it appears that 80% finance is available and that you can depreciate the lease value at 10% per year for 10 years. Could be a real money spinner on a cashflow basis, especially as part of a SMSF.

Interested to hear the thoughts of others.

I am also interested to know more, I am on the list for the pre-release of a block of land and a 13 metre marina berth at Wyndham Cove Marina. (I figured if I was going to purchase an IP there, you had to get a berth too or it would be a waste of time).

Are you able to get a mortgage for a marina berth lease, or do you have to pay cash?

I tried the free trial of the site, but it is so limited it was of no use. Any idea of the cost to subscribe?

Thats a fantastic resource for finding the cheapest builders in each location, thanks for the link

There are 2 markets there, werribee itself which is relatively inexpensive to buy into and werribee south, where the wyndham cove marina is going into. I am planning to invest in werribee south, but I imagine werribee is likely to benefit also from the development. I would suggest trying to purchase in the southern part of werribee township, as…[Read more]

Try http://www.wyndhamcovemarina.com, they just announced presales yesterday. 6000 people had registered for presales. The first stage of development has less than 100 sites.

They don’t buy you land. The buildings you would be buying will depreciate while the land under them appreciates (often leading to higher land rental costs)

Certainly lots of planned activity there http://www.watoday.com.au/wa-news/work-at-barrow-island-could-start-by-christmas-chevron-20090826-ezkz.html

Someone recently mentioned on the forum that the mining company has plans to build accommodation on Barrow Island.