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    The end goal is to make money selling books and doing seminars.

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    Profile photo of PaulliePaullie
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    Freckle is the ying to the yang on this forum and I for one love it.

    Profile photo of PaulliePaullie
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    Jesus christ put the heat pump in and install a powerpoint. No wonder land lords have a bad rep.

    Profile photo of PaulliePaullie
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    And the prime minister office.

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    <moderator: delete language> Billions in repeatedly increasing profits every year yet they do not follow the rba cash rate move.

    Profile photo of PaulliePaullie
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    I work in Engineering in WA.

    BHP have an external hiring freeze. A few months ago there was all talk of boom time, I can tell you I don't see it here.

    If anything companies are now bringing in cheap 457s to increase profit margins, its diabolical really.

    The company I'm sub contracted to, and its a big multinational vendor, has NO big projects in the foreseeable future, they also lost the Olympic Dam work this week.

    What boom?

    Profile photo of PaulliePaullie
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    So out of a few million, a few hundred thousand is his. ok.

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    Profile photo of PaulliePaullie
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    I realise that but hes got no experience with smsf lending. i now what your going to say, find a new lender. problem is on all my previous deals the team i have work well together so to help get it over the line i feel i have to almost back him up, and do my own investigation.

    Profile photo of PaulliePaullie
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    richard pm sent.

    Profile photo of PaulliePaullie
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    What about westpac or bankwest?

    Profile photo of PaulliePaullie
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    Profile photo of PaulliePaullie
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    Thanks everyone for your advice.

    The deal was accepted today. I talked at lengths with my broker, accountant and settlement agent to make sure the offer was suitable.

    Managed to negotiate a 35 day finance and 90 day settlement.

    Profile photo of PaulliePaullie
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    Good question OP.

    In my case I want to subdivide an existing IP (IP2).

    I have the green title to my first IP (IP1) I'll use a security for the development work on IP2, but then I'll need to use the developed property (IP3) as security for the original IP (IP2) to keep the LVR where it is.

    What other options are there? Obviously crossing IP2 and IP3 should be avoided.

    Profile photo of PaulliePaullie
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    I use Radi Estates in Inglewood. Steve and Tamara are very dedicated and do not load up their property managers too much.

    I have two properties with them.

    Steve has recommended landlord insurance with terry scheer.

    Profile photo of PaulliePaullie
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    Or, we ask to lease the warehouse, then when the time comes put in an offer and make the deal… less risky.

    Profile photo of PaulliePaullie
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    What about if we go in with an offer, subject to finance, 150 day settlement, 100 day finance approval and we lease for the period till settlement?

    Long shot?

    Profile photo of PaulliePaullie
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    Thanks Paul and Richard
    Richard, we already have the bare trust established, the only last thing to do is create the company custodian entity.

    Paul, apprently the owner is hurting, he cant even make his strata levies … apparently.

    Timing is a little off on this deal at the moment. We dont really want to go down the track of a lease option, its going to be bad enough purchasing through our smsf.

    Can you write up an offer to firm up an agreed sale price but delay the process? We would be happy to lease back in that time.

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