hi stitched. was the contract subject to finance?have you sought legal advice from a legal advisor NOT associated with the marketers/sellers?is the deposit amount the only risk for you?how much has the price dropped?if you were to do it again i expect you would seek independent legal advice? using the sellers/agent advisor would for me be a…[Read more]

the outgoings that are disclosed look too high. limited market. would not touch with a barge pole. in my opinion.regards.

kameruka wrote:
Real money in your pocket every month after expenses!Detroit is at rock bottom, I should know I was just in the states looking for the best market to buy into.Detroit is GOLD providing you master this one complex rule…………..Buy in the right area high rental demand and property which was $200,000 2 years ago you can get for…[Read more]

thanks helen now i understand what you mean. south west victoria is a nice part of the world some scenic areas and country towns with good bakeries!good luck. 

hopeful i read your post on another forum. your plan to borrow $30000 to set up your home as the second rental sounds feasible, but how do you expect to service the loan, plus the arreas, plus the exsisting mortgages?i dear say $30000 could be sourced but the interest rate might be unacceptable given your situation. i suppose you have considered…[Read more]

Kennyjaiz wrote:
Pully, Do you mind sharing your scenario and the ATO judgement? (or just point us to your PR in the register). Thanks Matt, The ATO has strictly forbidden people in the same immediate family (including spouse and dependent kids) to own multiple PPORs even with different name on the property. For example, imagine a family of 5…[Read more]

Dan42 wrote:
I realise that is the heading on the link, but the information doesn't read that way. So if you and your spouse live in separate houses, you would be up for a portion of capital gains tax on each house, but if you live together, both houses are CGT free? That doesn't make sense to me. The ATO info talks about nominating a house as…[Read more]

Chelley wrote:
Hi everyoneThanks for your various responses.  Firstly I think that most of thebad things that tend to happen in our society because the culprits know that the victims will 'rationalise' the decision to pursue them against time and economic factors and will generally decide its not worth their while. They know that even though…[Read more]

hi chelley sorry to hear about this mess.tell me are you self managing? i recognise this can happen to anyone even if professionally managed.do you have landlord insurance? hopefully yes and it will assist you.its a pity these types of tenants cannot be named here but i understand why that is not possible.there is a database that agents can access…[Read more]

helen what do you mean by a challenging rental?what sort of solution do mean?Regards

i would like to agree with the posts of richard and micheal.its great to use a lot of sources for information and guidance. i do not think it is necessary to spend a lot of money on seminars run by motivational speakers. some seem to make more money by running these things than actually being actively involved in investing in property and related…[Read more]

i wonder why you have not rented it for nearly 6 months? have you had financial advice re your situation, not just in regards to tax? for example holding property as an investment may have impact on centerlink as well. you mentioned you have 2 small children. i would not sell at the moment. i would rent it and direct the income towards your c…[Read more]

it is great to be able to discuss aspects of property investing. i think it is a good opportunity for people to do that on this forum. we are all different but opinions can be expressed.we are not all going to agree but that is ok too. if rent to buy works for you good but there is no harm in exploring and discussing points of view. in the uk this…[Read more]

thanks for that info terry.sounds potentially messy and not something i would want to be a party too.some of the stories sound to good to be true with all due respect to those who like this form of property investing.i think i prefer the simple traditional method.it certainly sounds there is more to gain for the person selling the property than…[Read more]

this is a messy situation as the others have said. i doubt it will be cheap to reverse your position in the short term.centrelink can be helpful in terms of speaking/meeting with staff called FIS, these are financial information people in each office. it is a free service. they do not give advice but help you to look at all options in your…[Read more]

i am not from victoria but have been to frankston area. the positives are close to public transport/trains.not far from the beach areas, i particularly like mordiallac for example.depends who you are interested in housing/demographics.lots of famililies with shopping and schools near by.pockets of many areas have negative aspects of course.…[Read more]

strange story. certainly time wasting. probably also unprofessional.if business cannnot be done promptly without this carry on i think i would move on.plenty of other properties out there.wonder why such a muddle?regards

just a few questions.what happens to the person renting a rent to buy, if the vendor defaults on the loan?a renter is protected under residential tenancy guidelines, what protection/rights can the renter claim/access under these arrangements?who pays council rates etc?what price does the renter pay when they eventually decide to buy? good luck to…[Read more]

hi spudwayi am sorry i cannot help you but i feel compelled to say the following.i am appalled by some of the replies you have been given. in my opinion they are offensive and personal attacks.i realise on on line forums all kinds of people are reading and replying.a bit more compassion would go along way. not everyone is lucky all the time. a…[Read more]

do you think you are paying too much? was it on the market for long?prices are dropping in some areas purchase/asking price as well as CV . if you are going to hold the property for along time it will catch up improve in value. loans/money can be difficult to get at present but interest rates are low.not a bad time to buy but some say because…[Read more]