I wish that I don’t walk past all those dead bodies from Celivia’s wish[]

I wish that I could train myself to get up early in the morning so that I could become a ‘morning’ person, and get more things done.

I also wish for that tall, dark, handsome stranger (although he shouldn’t be strange[]), who at least has a job, and some money in the…[Read more]

freedom finder, I would organise a LOC on my PPOR immediately.

I could then use this to cover the $275 per week. As you said, even with a low growth rate of 3%, you still come out in front at the end of the year. Meanwhile, teh most that your loan will increase is $15K (factoring in interest on the whole lot – which won’t happen as it’s not all…[Read more]

If I saw $850K + I wouldn’t be interested in offering more than $850K.

Now if I saw the ‘buyer range’ of $850 – 920K’ I would think that they wanted $910K. If they’re not prepared to accept $850K I just don’t get why they put that in the range. I guess it’s like with auctions – the agents will try to talk the purchasers up (by quoting lower…[Read more]

1/ If it sounds to good to be true, it probably is – but make sure you get out there and check it out anyway – it could be a gold mine![]

Cheers
Mel

Hi snowboarder

If your trust merely purchased a company which ran a business it would not be operating a business in my view.

It would merely be the shareholder, and the directors will be running the company. The directors’ would/may have to sign guarantees, and would be the ones that the creditors come after if they have done the wrong thing.…[Read more]

What part of the arithmetic is ‘off’?

Cheers
Mel

Presumably you can get the plans etc. from the council which will include any approved buildings. If they’re not on the plan, they’re probably not approved.

If it’s going to be an IP, I would seriously investigate whether or not they would be approved. Insurance certainly won’t cover you if something happens to the tenant in the unapproved…[Read more]

Houses Only, I don’t get why the rents would be going down if prices are going down.

Lower prices generally means less people buying. Less people buying means less investors buying new rental properties. Surely this will mean that the available supply will drop, and therefore the ‘greater’ relative demand will cause an increase in rents, thus…[Read more]

Originally posted by markpatric:
All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in order to become the next property tychoon.[V]

I would have thought that if you were a ‘property tycoon’ that you could afford to have lesser rents to help some people out if you felt that way inclined.…[Read more]

Hi Elves

If you’re happy to sell at the price you listed, I would basically go with the offers in the order they were presented. Ie let the first guy’s wife have a look – but give him a deadline to decide. Let No. 2 know what is happening, and that they will have an answer on their offer by the day after that date. etc.

Cheers
Mel

Interesting question Redwing.

Anybody that I know who’s ‘retiring’ to other than where they live have generally been selling up in one place, to buy their retirement home. Although that is not to say that ‘everybody’ is doing that, just those that I know.

I think it’s the older generation who really believe in owning your own home, and tend to…[Read more]

Hi guys

In Canberra the agents would like you to leave $1000 to ‘show that you are serious’. This is always refundable if you do not exchange contracts. It’s also not very common to exchange contracts with any ‘subject tos’. ie, all pest and building inspections etc. are carried out BEFORE anybody signs any contracts. That’s just the way it’s…[Read more]

Markpatric, what did ‘they’ say he did? I’m confused now.

Cheers
Mel

Every year from 93-03 $0K

03/04 Fin Year = $30K ish

Cheers
Mel

Orion, I would contact an accountant well versed in Hybrid Trusts.

I believe they are Chris Batten (as mentioned by Terry), Dale Gatherum Goss and Nick Moustacas (sp?).

Cheers
Mel

Kim, I wouldn’t fix all my rates now, you will still pay a premium. For peace of mind perhaps fix some though.

If you’re going to keep that much of a buffer, I strongly suggest you have an offset account or a LOC to make that money work for you, but be readily available.

Cheers
Mel

PK, as far as I’m aware, it is only you guys that have the ‘Offer and Acceptance’ form. I had never heard of it until I read Craig Turnbull’s book!

Cheers
Mel

Risky, I hate to disillusion you, but you will find that trusts will never be ‘banned’. How do you think all our politicians keep all their vast amounts of money? A lot of them are solicitors by training, so would know all about asset protection.

If you are lending somebody a lot of money (or even a little – depends on your definition I guess),…[Read more]

Hi minime

Contact Simon to check out your borrowing capacity etc. And what deal you could get on a refinance. You never know, you might have access to more than you thought. It’s a great option to buy though – possible future development site. In the meantime, continue enjoying the place etc.

Cheers
Mel

Perhaps check out ebay? I think they are both (10?) sold out from API so the businessmall probably wouldn’t help. Or ask some second hand book stores? I don’t know if they deal in magazines or not.

Cheers
Mel