Hi All,

I just wanted to point out that the law is the same in SA as it is in QLD, and i think you would find it is pretty similar right across the country. Its called the Trade Practices Act. Also, this law does not allow for intention. Meaning, if an agent unintentionally makes a statement, that causes you financial loss as a result of that…[Read more]

Jules,
again, if you are from SA, the rules are pretty much the same.
At the end of the day, with water agreements, if there is no said agreement on how the water will be paid, the law says the landlord pays for all water usage, and sewerage and other levies etc, but tenants only pay for water exceeding 136kl ( a year i think?)
You can pretty much…[Read more]

Dazzling,

Obviously, you are so not alone here. I also have a parner not really interested in investing. it is my passion, and me constantly dragging him on.
my problem is, he is the high income earner between us, and yet when i tell him he cant spend his own money on rubbish, he gets a little cross, but once he calms down, he realises i am…[Read more]

Hi,

As a real estate agent myself, ( i know i shouldnt be admitting this on this forum!![biggrin]) dont go around the agent to the vendor. This will only p!$$ the agent off straightaway, [grrr] and if there is a close relationship between the two, the agent will tell their client not to deal with you. AT ALL. trust me ive heard it happen to…[Read more]

Hi All,

Im 20, and i have two properties. Both are in a coastal town great for CG. One is a house, which we used to live in, but is now being rented out +CF thanks to a good purchase price, and the other one is a very negatively geared unit, which will offset a high income.
I plan on buying four more properties this year, and from then on, i want…[Read more]

Hi hardyard,

I like your idea. Dont stress too much about tax, if your paying it, it means your earning money! Obviously, it would be good to minimise it, but i think that is a great idea to save money on rent, and still have an investment property.
Good on you for thinking creatively.
[specool]

Hi Xenia,

I agree with having something short and punchy! But then again, how about incorporating two names i.e Mena & Golding Pty Ltd, so it seems as if you have been around forever. i dont know, its just a general impression i have that the two last names, makes it sound established.
Investment Central…
Maximena… [laughing] or Maxixenia -…[Read more]

as said above, make sure you do your due diligence in this town. Be scpetical.
I would recommend ray whites principal. Im having a blank and cant remember his name, but his service is pretty good, and ive found him to be quite honest for the investors who dont live there. Ive found a few good deals just by being on his mailing list.[thumbsup2]

Wow… I just read the last three posts on the first page.
Guess what guys? Cash flow off the shelf is still out there? How do i know? Because i am a researcher for a buyers agency that specializes in returns above 9%. here is something even more amazing, i send them through deals every week. There are still deals going strong out there, and i am…[Read more]

I agree with Dr. X, but i would firstly be cross with your property manager. You said they had recieved a report, im assuming from the tenants about the ant problem. Why didnt they fix it when they found out about it? We are talking about SA’s laws here, so check with your state, you can find the res. tenancies act on the net, but they would be…[Read more]

Elka,
My fiancee is a home loans lender for a popular bank, and we have structured our loans all the same way. Make sure she gets the honeymoon rate first up, and ensure the rate is still good after. You can save alot of interest taking the honeymoon rate first up. Then we left them at variable rates, only because with fixed rates, the loan itself…[Read more]

Mat,
When buying a strata unit or apartment, there are definately questions you should be asking. Obvious ones like the amount of the fees, who manages it, has there been any work done on the properties through strata, and make sure you get your copy of the strata minutes for the last two years. I know this is a requirement of the agent to give it…[Read more]

I have to agree with Dr X,
I just completed my real estate course (so did she) to become a buyers agent, and after asking everyone in REISA, to conduct deals, flipping and due diligence, etc, you must work under an agency. And even then, in SA, the basic understanding is that you need to do Cert. 4 as well.

There isnt much legislation on it in SA…[Read more]

One thing that may give you peace of mind when planning the figures, is get a respected valuer to come around. have ideas and approximates costs of what you would like to do to the place, and they will be able to tell you what is definately going to increase the value, and will help you not to spend money on things that wont add value. You do not…[Read more]

Even as a new investor, as Margaret Lomas once said, (she is a positive cashflow investor, in case you didnt know) if the deal adds up and you have weighed up all the risks, why do youhave to see it? What difference is viewing the property going to make, apart from emotionally? The reason i believe that most people feel a need to see the property…[Read more]

This is a reply for both guys who had questions.
Good on you for getting in young.
Im 19, own two properties, and trying to talk my friends into it, as some of them earn more than i do, and they just throw it away every week, but thats their choice. T
he benefits of starting young, are huge! I plan on getting lots more properties, enough for a…[Read more]

I work for a buyers agency, i am a contractor looking for precisely these types of properties, and as everyone else says, that guy you spoke to should NOT be in real estate. This is obviously someone who has no idea what he is talking about.
I know they are out there, because i found a deal only yesterday morning. And i only spent about 3 hours on…[Read more]

Check out buyers agency House Hunters.
Great company, and they might have properties in NT, but you dont know until you subscribe! Specialise in positive properties. Definately worth a look. http://www.househunters.com.au They provide more than most buyers agencies for your subscription cost. *****

hello all,
would also be keen to meet up as adelaide investor group. Sounds like a great idea! Am from Victor Harbor currently, but will be buying and living in adelaide in the next 12 months, so count me in!

If anyone is looking for positive geared buyers agents, email me, i know the best organisation that i plan on buying quite a few from in…[Read more]

dazzling, while i appreciate your honesty, it appears you are mocking me, and thats a bit harsh. all i was asking for was not solutions, but i was asking what would other investors do if they were in my position. i realise what has to be done, what could be done etc etc, i was just curious to see what other investors would do in this situation.