Hi AdamWould you mind sending me your email address from the Contact page of our website:http://www.jvpropertypartners.com.au/index.php?option=com_contact&view=contact&id=1&Itemid=63I'll then get back to you with a bunch of questions about the property and we can see what turns up.Cheers,  Paul

Hi ABSorry the link has disappeared from my earlier post.  It was:http://www.ato.gov.au/content/downloads/NAT14233_06.pdfYes I'd agree with you that the ATO's rules on this subject do seem to be independent of the country the property's located in.However it is worth noting the ATO's statement:  "Foreign income losses cannot be used to reduce y…[Read more]

Hi AdamI was think of turning two of your five properties to positive cash flow, by selling them with an Instalment Contract (IC) but I'm not sure if this would generate sufficient extra cash flow to cover your needs.Selling with an IC usually allows you to sell at a premium price, with the trade off being, the time over which you get the…[Read more]

Hi AB_AussieThe following 2 page publication from the ATO, "Australian residents with overseas real estate", answers your question.Cheers,  Paul

Hi VIC3000All the eligible Regional Municipalities are listed at:http://www.sro.vic.gov.au/sro/SROnav.nsf/childdocs/-6BF180369BCB3975CA2575A1004420CF-65A02CC2EEDDD527CA2575A1004420E8-DBFEE9B4136A31E1CA2575CB00012C32Cheers,  Paul

Hi foodfingerMay I ask how many dollars per month you're short in relation to your comment "but our cash flow can not service the new purchase"  ?Cheers,  Paul

Hi TiffYes, talk with the selling Agent.  They will usually assign one of their people to make your bids for you at the auction.  She/he stands in the crowd and you instruct him/her over the phone.  The Agent usually charges nothing for this service as they're very pleased to have another bidder on the property.Cheers,  Paul

Hi TiffAsk the Agent to arrange phone bidding for you.Cheers,  Paul

I agree with Terry but, if you can, try to get her list first, before you give her yours.  This often helps your side of the negotiation. Cheers,  Paul

Sounds fair  Cheers,  Paul

Hi KeenCould you confirm that your Affiliate number for the site you mentioned, is ?af=CLS1113964  ?Cheers,  Paul

Hi AlynaWelcome to the forum.   It's full of great people, all ready to help each other.  Enjoy  Cheers,  Paul

Hi illuminatiWe keep away from them completely, for both our tenanted buy & holds and the properties we buy and on-sell with vendor finance.  Our experience was they cost us too much in the longer term.Cheers,  Paul

Hi KaylahWe believe our long term wealth is measured by the amout of equity we have in property. To accomplish this we use both positive and negative cash flow properties.Our +cf properties are properties we buy and on-sell with vendor finance and our -cf properties are the properties we plan to hold forever Our +cf properties maintain our l…[Read more]

Hi TrevWe've used Megasealed probably 15 or so times and have got nothing but high praise for them.  They've also got a long guarantee, so that's also been appealing.Cheers,  Paul

Hi SamWe have used Options in our residential real estate, vendor finance business since 2003.  We have used them to both buy (control) and sell (if the Option is execised).  However we haven't used them to control property, pending DA's and development, etc.All our Options have been drawn up by Tony Cordato of Cordato Partners, phone 02 8297 5…[Read more]

Hi AllThe two courses we've run so far, in Sydney and Melbourne, have been well received.  Just FYI, our next course, in Brisbane, starts on Wednesday 10 November. The Cert IV runs Wednesday, Thursday and Friday and the ACL Application Day is on Saturday 13 November.Cheers, Paul

Hi JessiccaWelcome to the forum.  I'm sure you'll enjoy your time here, as we're all such nice people Cheers,  Paul

For all the reasons mentioned above, our preference is a free standing home.Cheers,  Paul 

Hi BayerFrom a purely asset protection point of view, then yes, a trust is probably the way to go.However a couple of downsides of a trust structure are:1.  Any losses generated from the property are quarantined in the trust, i.e. you can't use these losses to offset your PAYG income and2.  In NSW, discretionary (family) trusts get no Land Tax…[Read more]