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  • Profile photo of MaverickInvestorMaverickInvestor
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    January 5, 2005 - 12:06 am

    Terryw,

    Thank you for the link. I will be looking closer at http://www.lawcentral.com.au.

    Regards.

    Leonid

    Profile photo of MaverickInvestorMaverickInvestor
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    January 5, 2005 - 12:04 am

    Hello,

    I guess my question was more about business situation than property since, to the best of my knowledge, changing “proportion of interest” in property might be considered as change of ownership and trigger stamp duty.

    And main things that I would like to find out is how to document creation of partnership with different proportion of interest in partnership (e.g. 99-1), rather than equal (50-50), whether it is possible to change proportion of interest in partnership at later stage.

    I hope someone on the Forum will have additional information to put me in a right direction.

    Leonid

    Profile photo of MaverickInvestorMaverickInvestor
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    January 14, 2004 - 12:47 pm

    Terryw, Mel

    Thank you very much for the replies. I’m glad my idea about the trust seems to be acceptable by other people – this gives me confidence to investigate further and to seek the professional advise in this area.

    BTW, Terryw has mentioned JV. I would guess this stands for Joint Venture. What is psecial in that particular arrangment/structure?

    Appreciate your help.

    Profile photo of MaverickInvestorMaverickInvestor
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    September 19, 2003 - 6:10 am

    Hello,

    I have tried to search on the Internet for the details about Melbourne MSN/Somersoft IP Group and couldn’t find anything. It will be appreciated if you could provide some details/references.

    Thank you.
    Leonid.

    Profile photo of MaverickInvestorMaverickInvestor
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    September 19, 2003 - 5:57 am

    Thank you,

    This is very reassuring to know that people do actually buy properties located far from where they leave. Perhaps I need to leave my ‘comfort’ zone and get to the car [:)] or think about taking few days off from the work to travel to potential areas of investment.

    Appreciate your help.
    Best regards,
    Leonid

    Profile photo of MaverickInvestorMaverickInvestor
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    September 19, 2003 - 5:50 am

    Thanks for the response.
    I’m wondering what other sources, except of Internet, can be used to obtain the sufficient amount of details about the potential areas for investment.

    Regards,
    Leonid.

    Profile photo of MaverickInvestorMaverickInvestor
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    September 19, 2003 - 5:45 am

    Hello,

    Thanks to all who replied to the topic.

    Mini (MiniMogul) has revealed very interesting ideas about managing the project remotely, i.e.:
    – Use building inspector for property inspection before you buy it to get professional evaluation and also some idea about the cost associated with potential repairs. This, to my opinion, may be great informational resource to negotiate purchase price further.
    – Hire/contract tradesmen(s) to do the repairs and have the building inspector (manager) overseeing the work
    I agree with people mentioned that 11 seconds rule should be used in perspective of long term investment and in conjunction with other considerations about potential improvements and property value changes.

    Thank you all.

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