yes, that’s another problem that is also linked to the lack of them – they know that they can pretty much do what they like, cos we ain’t gonna be able to get anyone else.

There’s a company in QLD called the Tap Doctor (franchise, probably heading south soon) – plumbers – and they have a vastly different way of doing business. they will call if…[Read more]

Westan is great.

My question to you is – why must one have a website to be credible? If you want Westan to put properties up there, my guess is they would only be past deals, as putting current ones up there would be a bit silly as they are often found for a particular person who has commissioned him to do so…

Cheers
Mel

$100 per week? Are you sure? That sounds like a lot of money for that price of property.. I pay a lot less than that on some of my properties purchased for $340K (fully financed).

Have you got a QS report?

Just because you have now read one book and come to this site, doesn’t mean that you have to completely change strategy. there must have…[Read more]

ha ha [biggrin] You certainly tell a good story Gatsby….

Cheers
Mel

We just purchased a house for my brother. The foundations are ‘eroding’ at one point. the previous owner ‘knew nothing’.

However, when my brothers were climbing around under the house they found a lovely hydroponic setup – complete with the screen door that used to be on the laundry – not sure where the wooden door went though – guess they…[Read more]

Originally posted by georgisj:Interesting idea re other avenues of increased cashflow.
Have you pursued the 2nd mortgage/mezzanine funding option to increase cashflow?
How do financiers view this income?
Do they accept 100% of the income for the purposes of serviceability?

I was ‘this’ close to securing a 30% income with profit share, but the…[Read more]

Come on guys, spill the beans. Who signed up for the 3 day. Kay, I think it’s the 3 day business school for real estate investors – at least it was last year when I went.

What tapesets and stuff did you buy?

I have bought these over a number of years, and some have been gifts, so the most I have spent was $1400 when I got Dolf De Roos entire…[Read more]

Birdy,. if you haven’t already, you would be best off separating the $50K that came from your equity to a separate loan to that which is your PPOR loan. Your accountant will like you better.

Then you work out the interest you are paying on the $50K (if you split it out, make sure it’s IO while you pay off your PPOR), and add that to the costs…[Read more]

Hey Alister, is there any way that we can still see the names of the threads rather than numbers when we look at the Active Members list?

Cheers
Mel

Originally posted by Geronimo:
Generally most experienced developers can borrow funds for around 12-13% from lending organisations, so the obvious question is, why would you offer more if you don’t have to?

Brendon, I’ve spoken to a few ‘experienced’ developers, and the reason they would offer 30% is because if they borrow the money from you and…[Read more]

philip, have a look in the Heads Up forum – there is a Sticky there dedicated to books and their reviews from forumites…

Cheers
Mel

lifeX, don’t quite understand your model – bit hard to align stuff on these boards[confused2]

I think I understand what you’re saying (hope).

You will set up a unit trust, with the shares owned by your family trust, and your friend’s family trust (or however he decides to do it).

The trust will buy a house. The company will rent the house from…[Read more]

Agree with Felicity, but I think Your Mortgage magazine lists property sales in every state every month (even Canberra – yaaaaaaayyy![biggrin]) Although I don’t know how ‘telling’ it is – apparently Paddington went up something like 29% this year already – I wish[biggrin]

Cheers
Mel

Coke please![biggrin] I’ll stick my hand up and admit that I drink too much – although my sister drinks probably 2-3 times as much diet coke….

I question the ability to clean the clothes, as every time I spill coke on my clothes – it STAINS!! Same same the carpet..

I do drink a fair bit of water though..[thumbsupanim]

Cheers
Mel

It concerns me when I hear of people ‘walking away from their deposit’, because it doesn’t end there! If the developer has to sell their units for less than they had agreed to buy them at (although I think the forfeited deposit is taken into account) the purchaser is still on the hook for any loss…..

Cheers
Mel

Hi jancrows

sorry I can’t help with hotels – can’t remember the names that we stayed in as it was a few years ago, but we did find out that if you plan to stay anywhere en route, it’s best to book in from ‘afar’ as you get cheaper rates that way…. There’s some holiday bureau type place (ours was organised through Flight Centre with these guys)…[Read more]

The moral of the story…whenever a man lies it is for an honourable and useful reason.

That’s ok, you lads keep deluding yourself that this is true….. And occasionally we might let you think that we believe you[biggrin]

Cheers
Mel

Originally posted by HT-007:
If you get audited, will the ATO ‘automatically’ also audit your partner (husband/wife)?

Don’t think so – my Dad got audited, and Mum didn’t….

Cheers
Mel

I know the Navy has a ‘smallish’ base there, so obviously it doesn’t impact too much on the place???? Those guys would always need rentals, unles DHA have it covered…

Cheers
Mel

Hi Michelle – welcome to the forum.

Derek has made a recommendation on Perth accountants before, as have a couple of others. Having never been west of NSW, I can’t help you with locations, but if you do a quick search for ‘perth accountant’ hopefully it will come up with the results.

Cheers
Mel