Devilcv8, (Monaro Owner?)

Haven’t bought anything down there yet…… Have been looking at the areas you mention though. Be careful.

myoung

https://www.propertyinvesting.com/forum/topic/14398.html

Seen a lot of this type of thing in Northern Tassie properties advertised with 6 mth leases. Easiest way to check is do a rental search on something like realestate.com.au

If the rental is way above the market then avoid, or go and make an offer(probably way below asking price) based on market rent making it a positive cash flow property.

Originally posted by Benny:
Hi myoung,

You’re not my long-lost flatmate, are you? His name was Maurice – is that you? [biggrin]

Nope afraid not, never been a tenant, only a landlord[cigar]

Anyway since that is unlikely, I just wanted to add these – homepriceguide.com.au (no rents, but medians and averages on a month to month basis.

Then,…[Read more]

thanks Derek,

Just trying to avoid my own personal James Hardie!

Ask the agent for a copy of the council rates notice. It will give you a, usually conservative, valuation. If they wont show you, chances are it is well below what they are asking for it.

Thanks Scremin.

Hi Aafreen,

Appologies for the length of the following but I wrote this for a friend when they bought their first house, I’m not intending to be patronising but some of the points may be helpful if you’re new to experience of buying real estate.
Disclaimer – I take no responsibility for the use of the below information.Never can be too careful
re…[Read more]

lbgeln,
I’m not sure why you want to or how often you can make payments. From what I know trusts basically operate like normal companies, except the major difference being, that a normal company can retain profits over financial years, whereas a trust MUST pay all profits to the unit holders of the trust for the FY(ie family members) who then pay…[Read more]

Thanks Steven,

I was going nuts looking at ABS, REIV etc.

Trusts operate basically like normal companies, except profits cannot be retained in the trust and must be dispersed(paid) to the beneficiaries annually. So in answer to your question you would open a bank account for the trust and rent would be paid into it, loans would generally be in the trusts name(although most likely guaranteed by your…[Read more]