Nigel Kibel replied to the topic Pro 'Land Tax' agenda in the forum General Property 8 years, 8 months ago
I think stamp duty is high but if we are going to abolish stamp duty we need to have a serious conversation about increasing GST. Because the only other options is to do what they do in States like Texas and Florida where there is no state tax no stamp duty but you pay 3 and 2% property tax. That means in in Texas if you own a home worth $300,000…[Read more]
Nigel Kibel replied to the topic Any positives for property investors if negative gearing is scrapped? in the forum Opinionated! 8 years, 8 months ago
Hi I think it is unlikely that Labor will be elected however with the Liberal government moving more to the left who knows. If it did happen then most people would only buy investments in outer suburbs that would mean that it would force up rents within inner city areas and potentially create slums in outer areas of many of our major cities.
That…[Read more]
Nigel Kibel replied to the topic 60 minutes using Moranbah to talk about markets utter rubbish in the forum Help Needed! 8 years, 9 months ago
It is always interesting that the media are so ill informed. When I watched the 60 minutes segment i almost thought it was a joke. 60 minutes might be just above today tonight. There are so many things that are wrong. I notice the Age running a story supporting this same so call expert blaming much of it on interest only loans. So lets look at…[Read more]
Nigel Kibel started the topic 60 minutes using Moranbah to talk about markets utter rubbish in the forum Help Needed! 8 years, 9 months ago
Just watching 60 minutes. It is the most irresponsible segment that I have ever seen they are using Moranbah, the worst real estate market in Australia, based on one industry mining, that was way over priced. They are using this to say the whole market will collapse. Utter Crap.
I have never seen a worse example of irresponsible journalism.
Nigel Kibel started the topic 60 minutes using Moranbah as an example of how the housing market will collapse in the forum Help Needed! 8 years, 9 months ago
Just watching 60 minutes. It is the most irresponsible segment that I have ever seen they are using Moranbah, the worst real estate market in Australia, based on one industry mining, that was way over priced. They are using this to say the whole market will collapse. Utter Crap.
I have never seen a worse example of irresponsible journalism.
Nigel Kibel started the topic 60 minutes using Moranbah as an example of how the housing market will collapse in the forum Help Needed! 8 years, 9 months ago
Just watching 60 minutes. It is the most irresponsible segment that I have ever seen they are using Moranbah, the worst real estate market in Australia, based on one industry mining, that was way over priced. They are using this to say the whole market will collapse. Utter Crap.
I have never seen a worse example of irresponsible journalism.
Nigel Kibel started the topic 60 minutes using Moranbah as an example of how the housing market will collapse in the forum Help Needed! 8 years, 9 months ago
Just watching 60 minutes. It is the most irresponsible segment that I have ever seen they are using Moranbah, the worst real estate market in Australia, based on one industry mining, that was way over priced. They are using this to say the whole market will collapse. Utter Crap.
I have never seen a worse example of irresponsible journalism.
Nigel Kibel started the topic 60 minutes using Moranbah as an example of how the housing market will collapse in the forum Help Needed! 8 years, 9 months ago
Just watching 60 minutes it is the most irresponsible segment that I have ever seen they are using Moranbah the worst real estate market in Australia based on one industry mining that was way over priced. They are using this to say the whole market will collapse. Utter Crap.
I have never seen a worse example of irresponsible journalism.
Nigel Kibel replied to the topic Labor announce the end of negative gearing on all property except "new" in the forum Opinionated! 8 years, 9 months ago
What this is about is trying to deal with a shortfall in revenue. The problem is that they will also hit super as well. The end result will e that less people put money away for there future. So this means that if you think we have a revenue problem now it is nothing compared to what it will be in 15 years time.
Typical politicians taking a short…[Read more]
Nigel Kibel replied to the topic Labor announce the end of negative gearing on all property except "new" in the forum Opinionated! 8 years, 9 months ago
Labor have no judgement they will not get in
Nigel Kibel replied to the topic Property cycle in the forum Help Needed! 8 years, 9 months ago
Well part of the problem is most sellers in Australia provide you with Gross returns however these sort of returns are useless only the net returns count. In the Gold coast many of the apartment complexes have huge body corporate fees. One of the largest towers charge $40 a month just for statements. So look carefully at body corporate. do not buy…[Read more]
Nigel Kibel replied to the topic Property cycle in the forum Help Needed! 8 years, 9 months ago
Well part of the problem is most sellers in Australia provide you with Gross returns however these sort of returns are useless only the net returns count. In the Gold coast many of the apartment complexes have huge body corporate fees. One of the largest towers charge $40 a month just for statements. So look carefully at body corporate. do not buy…[Read more]
Nigel Kibel replied to the topic Buyers agents?? Worth the 8% or research yourself.. in the forum Help Needed! 8 years, 9 months ago
If you are looking in another state it might be worth while otherwise learn how to do it for yourself. There are some easy formulas to follow. However it depends on what time you have available.
Nigel Kibel replied to the topic US Investing Where from Here?? in the forum Overseas Deals 8 years, 9 months ago
I think there are still good opportunities in the states but I think the focus needs to be on commercial property including apartment complexes. Then it is essential that you have a good property management company that can look after the investment. Trying to do this on your own is difficult because the Americans will rarely tell you something…[Read more]
Nigel Kibel replied to the topic US Investing Where from Here?? in the forum Overseas Deals 8 years, 9 months ago
I think there are still good opportunities in the states but I think the focus needs to be on commercial property including apartment complexes. Then it is essential that you have a good property management company that can look after the investment. Trying to do this on your own is difficult because the Americans will rarely tell you something…[Read more]
Nigel Kibel replied to the topic Does investing in the US actually work? in the forum Overseas Deals 8 years, 9 months ago
Hi Steve
I agree with you. I have found some excellent property managers in Daytona Beach. Most Americans promise the world and do not deliver. Finding great apartment complexes are still good buying however without the right management it can be a nightmare. Due your due diligence carefully
Nigel Kibel replied to the topic New Option For Foreign Persons Seeking To Borrow Money In The US in the forum Overseas Deals 8 years, 10 months ago
Hi Steve
I agree with you about hard money especially for fix and flips infact because of demand the hard money rates have increased because of local demand however ivan is right when it comes to commercial property there are a number of banks will lend infact its easier to get commercial finance than residential.
Nigel Kibel replied to the topic New Option For Foreign Persons Seeking To Borrow Money In The US in the forum Overseas Deals 8 years, 10 months ago
Hi Steve
I agree with you about hard money especially for fix and flips infact because of demand the hard money rates have increased because of local demand however when it comes to commercial property there are a number of banks will lend infact its easier to get commercial finance than residential.
Nigel Kibel replied to the topic Selling Off The Plan apartment before completion in QLD ? in the forum Help Needed! 8 years, 11 months ago
Again it is important to do your due diligence. That means checking to see what properties are selling for. If you buy without at least checking the price it makes it difficult
Nigel Kibel replied to the topic Selling a US house rented verses vacant in the forum Overseas Deals 8 years, 12 months ago
Hi Pete
We have a company in Florida and one of our investors had a bad tenant and he decided to sell. once the tenant was gone the aircon was stolen and vandals broke in and damaged the place. So my advice would be to leave tenants in the property. Once it is vacant it becomes a target
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