LW,
There are some really good brokers that contribute to this forum. If you make the move to contact them I’m sure one or all will be able to give you as good advise as you will receive anywhere. Just ask or email them personally.
Go for it and good luck
Pud

G’day PP,
I have had a lot of experience with building in steel frame both wall frames and steel roof trusses. In my experience there is no down side to this product although, as a carpenter i still like working with timber. Most steel frames are made from zincalume steel these days rather then galvanised steel. As such the issue of rusting edges…[Read more]

G’day Troy,

As a member of the building industry and having past direct experience in what you describe I can say that the smoke damage can be rectified for a reasonable cost. Exactly how much would depend on the extent of damage so have a registered painter take a look and give you a price.
Generally what is required is to clean the affected…[Read more]

G’day QLDS007,
The concept of never, never sell is still valid never mind what theories there are on any ulterior motives by anyone. You still do your due diligence before purchasing and as long as a doubling of value occurs in a reasonable time (say 10 years) then why would you sell an appreciating asset? Just have it revalued every year or so…[Read more]

G’day Sue,
If you want to flesh out the concept of never, never sell then check out Derek’s post in this thread and go to the link at the bottom of his post. The Investors Club use this strategy and so do I.

Cabo Wabo,
The Investors Club link may well be what your friend is looking for. It’s worth a look anyway.

I have no direct interest in The…[Read more]

G’day Mei,
Are you looking to build and sell or hold and rent out?
Pud

G’day Cabo Wabo,
Never never sell. Borrow against the equity in the place to build a home on it then rent it out. If he doesnt want the bother of tenants then still develop the property and then sell. Will still have CGT to worry about though. Never never sell for mine!! Just sit back and harvest the equity or gear off it for more properties. He…[Read more]

Skippygirl,
Can an income be found from the land? Is it a rural property which could be leased to a farmer for agistment purposes or some such thing. Fencing off the sensitive areas first of course. Or maybe it could be rented out for storage or a holding area for machinery. There are all sorts of possibilities. This would then take care of the…[Read more]

G’day Skippygirl,
My suggestion would be to harvest enough money from the equity to live on and pay the expenses – forget the pension!!
A financial institution would jump at the chance to extend an interest only loan I’m sure for say $50,000 per annum for the Octogenerian to live on. Remember that this would equate to an income of $90,000+ because…[Read more]

G’day Dazzling,
I appreciate your insightful comments on the forum.
This year has been a big one for us because we finally dipped our toe in the water and have purchased 2 IPs in Brisbane and waiting on contracts for the 3rd in Darwin. Looking for one that suits us in our home town of Perth but haven’t found quite the correct one yet. Rents are a…[Read more]

Thanks Dazzling and Marisa, my ‘Handbrake’ (read wife) here says we’ll go with Dazzling’s idea and follow up with MYOB when or if we need to. Thank you both for your imput.
Pud

G’day ASHB23,
I’m in WA but we have similar situations happen here. The main purpose is to reduce costs with the local council and also service authorities such as Water Corporation. A way around this may be to offer to pay the fees to have the ‘conditions of use’ changed for the separate dwelling from ‘Granny flat’ to general use (for renting…[Read more]

Bruham,
I live in a Southern suburb of Perth. I have 2 townhouses in southeast suburbs of Brisbane and looking at an apartment in Darwin at the moment.
Pud

Nope

Nothings stopping me. Settle next week on my 2nd property in QLD. Just tonight put in an EOI on a property in Darwin. That will probably do me for a while as I am in the Buy and Hold camp. Need to build more equity before I can go again.
Great post Wasp. Just thought….What sort of a sting in the tail do you have?
Pud

I’m the Group Quality Control Manager for a large residential building company. It’s an occupation I like very much….Apart from investing that is.
Pud

I reckon I’m an Intermediate but on the low side because I invest interstate ( 1 townhouse and another settling this month in QLD) but I wouldn’t say I’m aggressive….More cautious.
Pud

Hardy,
What state are you in?
Pud

The Investors Club use this theory. Try their website at http://www.investorsclub.com.au for the full story.