Thanks for posting Matt and providing that book reference.

Some handy and practical insights there for those interested in this area. Are there any specific forums that relate to developing and optioning land that you have found usful and are they necessarily Aus sites or more US based?

I didn't receive it in my inbox here on the forum, however have had many and varied upon this theme by email.

Quite sneaky if all they do is sign up to deliver spam on a forum and by PM at that.

Hi K,

Page 38  Jan API has the piece that I think duckster mentioned.

Agree with devo above. Important to weigh up costs (even if looking to enter a better deal) of sale and more importantly entry costs again especially stamp duty. Also on the way out does the CGT consideration (as relevant) still make the future purchase enticing.

Whilst I'm generally one to hold, my situation also allows that I have two pre-CGT properties (aside from our PPOR) that I will sell one day to pay out all IP debt accumulated to that point………and then some . That's about another 10 or so years away, so at least one and possibly two property cycles away. Might even stagger the sale. Sell one after one cycle and then sell the other at a future point.

WJH above also makes a valid point about educating the eventual heirs and beneficiaries about being savvy enough to manage a portfolio. My wife and I have an understaning that we are not bringing up our daughter to be a fool. At 8 years of age she has had some introduction to our portfolio (although not all our IP's) and helps me source potential purchases on rea websites and also google earth. She understands the notion of value in well located infill  land as a commodity. She already saves a percentage of any money she receives and has been well versed on the Richest Man in Babylon notions of paying one's self first.

It is important to walk our talk and as well as leaving a legacy in the form of physical assets, to also lead by example and if all else fails………….control it all from the grave by way of tight testamentary trusts.

…….And this had to be your first post having just joined today. How far back into the archives did you have to go to dig up a thread that hasn't been contributed to for nearly two and a half years?………………….

Hi PLANT,

You'll be lucky to find a precedent for that. Four bedroom units are rare in that area.

 You would more likely find a 3 BR plus study (pseudo 4th BR) in a town house set up. Depending on the age and street, anywhere from 600 K to 1 M +

Agree with Linar,

such a strategy is especially attractive to assets that have longish leases in place such as commercial properties or industrial sheds. However also appealing to resi IP's.

PosEnterprises, care to share any product you might be aware of that is on your radar that may be reflective of such a rate and loan term.

If I find 5% fixed for five I'd also go for it. I am in the fortunate position of having two loans fall due in approx 8 months time. The prognosis on fixed rates and where they're heading should be clearer by then.

The consideration of sale at $1.00 is not in line with its true value. They could gift it to you (although seek any Centrelink implications for five year gifting rule if this is relevant to them), however you would either need a valuation done by a valuer or at the very least use the council figure for capital improved value.

I suggest you ask a Sydney based solicitor.

Hi Dave,

in Melbourne I have noticed that many of the signs are owned/managed by Cody Signs. Not sure where you are situated, however have a look at some of the large signage in your locality and usually at the bottom there will be an indication of who runs the sign.

Also not sure what you own as far as commercial property, however you could also look at leasing out roof space on any comm IP's you own for telco towers. I tried achieving this with telstra, optus, three and voda, unfortunately they all had nearby towers and no further need for now. You never know unless you ask……if you never ask, the answer will always be NO!

Good Luck.

The LPT investment is like buying shares in Westfield or Centro (for example). This can be done in your own name, or in a company or in a trust.

I think you may find the PIT that Chan and Naylor set up for you is quite specific in the Trust Deed  that it can only invest in property. The purchasing of LPT's are like buying shares and may contravene the trust deed's rules. Please check with them to clarify this.

Their PIT deed allows direct property investment or develpment, not to buy shares or units in a unit trust or to run a business.

I guess you could liken a LPT as a mega-syndicate (however usually in a syndicate most of the members know each other as you set it up for a common goal).

This may help with some basic info on LPT's better than I could explain it:

http://www.asx.com.au/markets/pdf/LPT%20Retail%20Sheet.pdf

The above should not be construed as advice. Please check with Chan and Naylor that what I have described is accurate and please report back for the benefit of all here.

Hope this helps