Hi Elements of Design

Gavin is correct. Once a wrap contact is signed the purchaser is no longer renting and therefore losses their rent assistance payments. Perhaps you should consider using a Lease Option if it is important for the purchaser to remain cashed up from receipt of rent assistance.
It sounds a bit risky though, if your purchaser…[Read more]

Hi Brent

Phew !!! I tried so many times to access the site that I was getting worried Steve & Dave had made so much money from property investing that they had retired and shut down the site.
But then I also had trouble acessing some other sites – they also must have been among the 600,000. I concluded I had a problem with my computer and…[Read more]

Top of the morning to you Sooshie,

I am looking forward to
(a) spending a lot more of my time researching/buying real estate over the Xmas/New Year period; and
(b) taking up your offer some weeks ago(which I haven’t done anything about – been so busy achieving absolutely nothing) to met for a coffee
(c) expanding our empire beyond my wildest…[Read more]

Hi David

I’m a solicitor with an open mind and deal in real estate every day. I’d be very happy to chat to you.
Email your contact details to me at :
” rghicks_assocs@hotmail.com ”
and I will then give you a call.

Cheers
Nessie

Hello

Well Spooky, there is nothing spooky about you. Good on you, you certainly seem to have caught the right train.

Keep it up.

Cheers
Nessie

Hi Des

You asked about Hybrid and/or hybrid discretionary trust. These were a type of unit trust which gave the trustee discretion to allocate income and capital between different clases of units; in other words importing some aspects of a discretionary into a unit trust. Since the Federal Govt. tightened up the rules with respect to Super…[Read more]

Hi John

If you intend doing your own property management, Brett is quite right- make sure that you know how to be a property manager. I have had a property manager and boy am I glad to be parting company. I am now taking over the management myself because my property manager persuaded my tenant to rent another property, which was on her books…[Read more]

Hi Adrian
Welcome to our world of investing. Big Ads’ advice is very good. It might be costly now, but think of the future. How long do you want to be investing in B & H property? How many properties do you need to own so that you can live off the passive income and become a full time property investor?
So what if the cost is $1500+ for a…[Read more]

Hi all

Deposit Bonds were not previously seen to any great extent but seem to be now gaining a foothold in Victoria. They seemed to be a great idea, but if you are a purchaser using a Deposit Bond to acquire a property the risk of losing your deposit is greater. On the wording of current standard real estate contracts, the deposit bond does not…[Read more]

Hi David

I found Jan Somers book great reading.
But there are many books available for you to read.
My tip – you just can’t find enough to read. Every book has different options and hints and I have found that my combining all of these then property investment is a breeze.

Good Luck
Nessie

Hi Sooshie

If you want to make money from property you should not limit yourself to just wraps. I am using all strategies. I have B&H, Wraps and am also a developer. I looked at this particular property but decided to walk away from it even though it was an excellent opportunity and very good profits at the end. Why? My love of old properties…[Read more]

Hi Robin

I don’t know much about NSW law but in VIC if you have a lease that is longer than (I think) 5 years and 10 days then the Residential Tenancy Act doesn’t apply and you can then make the tenant responsible for rates, insurance etc. So if your rental is lower than the going market rate, that is okay because you are not paying the…[Read more]

Thanks to all for your responses and advice.
All has been taken on board.
I look further to future communications.