Thanks Richard!

75% is much higher than I would have expected.

So it appears that an LLC is the way to go and finance is certainly achievable.

One last question that is more heard of in the stock market…..
Are people considering the Sovereign risk?
Is it conceivable that the US will either end foreign investment within its RE industry or lock…[Read more]

fWord wrote:

johnrisk wrote:
Smart money is and has been flowing into assets that will do well during inflation.

<moderator: delete flame> Care to elaborate on what assets those might be?It's well and fine for people to say, 'Oh, don't invest in this', or 'oh, don't invest in that either'. But certainly then, these people should then be able…[Read more]

Hey,Its a little difficult to determine your true position without declaring your income. There is a wealth of knowledge on here and a few brokers who may be able to offer advice, but they will need more info.Personally, I would pay down that credit card as a number 1 priority. Forget re-investing or renovating until that is done. If your income…[Read more]

i tend to agree that the sentiment here in Australia is changing about with regards to cost of properties. Its funny because none of the fundamentals have really changed that much in my opinion. It is also my humble opinion that, as the global economic situation gains more uncertainty then the sentiment in traditional investment classes may be…[Read more]

Interested. Thank you for your honest answer. I would like to hear more as it develops and, if required will assist in any way that I can.Please add me to any list that you have or email circular.Cheers,Mick

Martha,Can i request more information please. i have been looking(previously) at similar markets and wondered how to get the venture off the ground.I am interested to know the structure of any proposed LLC and the number of shares on offer, whether one person can invest in more than one share also. If there arent answers to these questions yet,…[Read more]

No mistake.I am young(ish), have a few properties and have started over the last 6 months diversifying, mostly into Silver. I have been a member of this forum for several years(mostly loitering) and can tell you that I have a heavy biaise towards property. Silver however has changed this. I still hold my property and you have to understand that…[Read more]

Dependant on your capital, location and your ability to securely store Precious Metals, there are a couple of options. The number of bullion dealers in Australia is growing at a good rate with presence in most states/capital cities. Perth mint also offer a few services, you can purchase online/over the phone and they will ship to you(with…[Read more]

Hey,Consumer debt = nilVariable finance = still considering going fixed.Currently I am investing in physical silver. I have set a goal and will have achieved that goal within the fortnight. After that I intend to look into more potentially spec stocks. I am yet to do thorough research for prospects on that. I have been focused on building my…[Read more]

Thank god for that!I too am investing in silver….. fairly heavily. A little more speculative than gold i know. the next round of QE, i believe will do little to jump start the US economy….. Unless its significant, which could cause the pendulum to move heavily into they hyperinflationary scenario. I dont think the US will stand alone in that…[Read more]

I thought that I was going crazy…..It felt like everywhere in the media was reporting an almost certain rate hike but the reality is…… I think it would have done very little to curb inflation driven by international demand for our resources.As far as uncertainty in the global economy goes, im suprised that a rate rise was even on the cards.…[Read more]

Would Asbestos be an issue with an older unit like this?

If you borrowed 100% and used an offset with the cash…. wouldnt you still pay LMI?Would you, at the end of the day be better off putting in 20% to avoid that?This is assuming that you have the 20% to put down plus reserves for offset.feel free to disagree.

Has anyone got any experience with depreciation on transportable homes?Are they eligible for the same tax concessions (ref depreciation) that a regular property would be entitled to?Also is it at the same rate?Cheers in advance.Mick

CSmith wrote:
I agree with Banker – go with someone who has runs on the board.http://www.prlog.org/10195970-mortgage-choice-wins-big-at-2009-mfaa-awards.html

– 2nd post barely makes you someone that runs on any board. Your post has validated several of the previous points.

its a big generalisation, but I have never had a good experience from a broker through a franchise. If you want to use a broker, go for an independent that has been referred by a friend.

I have wooden floors in my unit(that i am the tenant for)…………. They are no good. It is a new executive style unit with  many good finishes however….This place and the boards is only about 13 months old and the boards are curling up and separating in many places. I am planning to renovate(IP) and was planning to use floorboards, but I…[Read more]

Without knowing the complete picture, could you hold onto it and value add by renovating?ORas it is a bigger block, could you get approval for a second dwelling, like a modular house or a kit home, something basic that could be rented easily, this may turn it positive and give you a little capital growth along the way.Or Depending on town…[Read more]

I dont know if this will help, but I use the aus bureau of statistics – http://www.abs.gov.au and search by the town name and look at the census/regional data. Its not a list and not quite the answer to your question but in the absence of other suggestions….Good luckMick

I may be missing something or maybe my elementary maths has failed me….Assuming the subdivision is approved, the collective land value would be $269k x 2  or around $540k, if you are spending up to $520k on the purchase price, with the risk that it may not in fact get the approvals….. is that risk vs return worth it? I guess it depends on…[Read more]