Forum Replies Created
goneos, you beat me to it. The strategy : sell down 9 -ve properties to 2, do reno, JV etc. Same ol' same ol'.
actually she will replay the webinar today.
thank you very much Kane, much appreciated. Seems the franchisees turnover is high.
yes it's very steep, the Refund founders are instant multi-millionaires.
I am sleepy, so Richard was the apology fair dinkum or was it a joke ? Been to a Refund franchise introduction, not very comfortable with it, especially the $69K franchise fee. Any ex, present Refund franchisees, or anyone else, opinion/experience, good, bad, warts and all ?
thank you very much guys, as long as they don't force me to fire sale.
yes Kane it is with one of the big 4.Will the fraud squad be interested to investigate if a crime has been committed, namely obtaining financial advantage by deception ?
Hi mentone/Jacqui & others, I have a block of flats in Kooringal, but find the expenses(maintenance, rate, land tax etc) to property value (around $175K each) is too high, not sure if you feel the same. Do you know the long term historical capital growth rate of flats/units. Not sure if I can rely on those figures in API magazine etc. What's your opinion of holding Wagga IPs for the long term ? Thinking of strata titling the flats & sell, 2minds about it as the tenants are excellent.
Marthamel wrote:I have been tumbling this question over in my head for a while… what drives people to begin property investing?
Because I hate to look up at work and all I can see is the bottom of the yes man/woman.
Tried it once, dropped it like a hot potato. Not worth the hassles.
Here's the 1st post from QLDpropertybuyer, did you forget what you wrote ? No buyer agent can be expert in more than a few suburbs !
"I own Hot Property Specialists Buyers Agency here in Queensland, We are truly independent, professional and very passionate about representing Property Buyers in South East Queensland, which includes from Gladstone down to Bundaberg and Bargara Beach the following the coast line down to the Sunshine Coast, Brisbane down to the Gold Coast and out to Ipswich and all area in between and other areas by negotiations.Here are a few points for you, when choosing your Buyer Agent in any State.1. Only use a member of REBAA: The Real Estate Buyers' Agents Association of Australia.
2. A fixed fee structure which is discussed and confirmed upfront.
3. Ask about their insurances?
4. Ask to see the appointment paper work first, this way you can read it before making a decision.
5. Most importantly you must speak with them to ensure you have a connection with the buyers agent which will be working with you.
I hope this helps."If more than one offer is accepted don't you have to pay % penalty if you don't go ahead with the contract ?
Charles 1 wrote:How about trying Metropole – George the director won buyers agent of the year 2 years in a row. http://www.brisbanebuyersagent.com.au/Because he email to everyone & will give a prize to anyone who votes for him, bribery ?!
thanks Richard.
Qlds007 wrote:Yes it is possible if you have equity in a property and can draw on thisHi Richard, could you elaborate this further please, we have equity so is it mainly Call Option you refer to. I quitted my day job but my wife is working, I am happy to be free range while she is a caged hen, interested to my few more IPs.
Terryw wrote:A good one will charge you around $300+ per hour.An ordinary one may charge a around $200 per tax return then extra based on per property, shares etc.
Those charge you $300+ per hour may not be all good, steep definitely !
LH wrote:Chris Grey is also a good reference – he wrote the book "The Effortless Empire"…www.yourempire.com.auHe is giving away truckloads of this book, very light in content, more like a multi pages advertising brochure for his service. Building a property portfolio is hardly effortless.
Make sure any BA you use has a service guarantee, if you are not happy with their service they should refund your money. There are BA buy houses but make enough money just from the upfront fee alone.
Interviewed a few, none was satisfactory, and actually paid $1500 upfront fees to a couple, The one I paid over $500 upfront was simply trying to flip something she saw on the internet. Many don't really care they just want to make a sale, the buyer's agents in real life are very different from the buyer's agents in the foxtel show "Relocation Relocation" . I am not saying fair dinkum buyer's agents don't exist, but they are very hard to find.
could those have reasonably priced accountants post the accountant contact info or PM me please, I have few IPs and have been paying thousands in accounting fee, prior to having the HDT it was $2500, with HDT $3500, especially when I summarize everything in incomes and expenses, interest for each loan etc. (I spend 2 weeks to prepare everything myself before handing to the accountant).
I am in Brissy but if the accountant is in anywhere is fine.
