g0biin wrote:
Yeh not sure it would be worth it, starting to sound like the costs will add up and the sale might just break even !

No point assuming this. It would be well worth investigating just in case. Strata titling is a great way to make serious money – especially when the land values are high. What would the block of dirt be worth if it…[Read more]

Flat Granny, Geriatric St, Wrinkleton. Actually, council may have a preference but it won't matter to the postie as long as he can relate letter address to letterbox. I also prefer A's and B's for dual occupancy.

You definitely need to strata title the duplex . To achieve this you will have to satisfy local council planning requirements. This entails engaging a town planner and a surveyor who is familiar with the process. You could try to use the local council planning staff to help you with valid information as to the process of approval. You will also…[Read more]

And what reason would that be Alistair?Cheers, Ian

Lorin wrote:
Just to add to that – if you are buying a piece of land and adding capital value to that land through renovation, rebuilding or subdividing, your profits are in a sense buffered by the value YOU are personally adding to the land.Loz

That's true Loz, that's why I am building duplexes. I get instant equity gains of over 100k and this…[Read more]

JoH wrote:
Hi Rockian, yes we will be attending the Brisbane seminar on Sat 12th April. We have attended one of his previous seminars and found it really beneficial.

We are also going to the Brisbane event Jo. Not only that. We are also doing the build and hold strategy. Thanks, Ian

Linar wrote:
For a rental property I would choose tiles every time. Not only will they last longer they will look better longer. If you have a tenant who doesn't respect your property then timber flooring will look shabby VERY quickly. An inconsiderate tenant can destroy timber flooring within a couple of weeks.CheersK

Thanks K and…[Read more]

JoH wrote:
Hi all, my partner and I a relatively new to property investing and saw Doug Bannister from Investors Direct in September last year and was very happy with his advice. I just called their office to make another appointment with him and have been informed that he has left the company and if I wanted to make an appointment with a…[Read more]

Qlds007 wrote:
Lodoc maybe different but not Nodoc.Easiest thing is ring them ask them.All I am going by is from the information release they put out to us Brokers.

I will investigate tomorrow and report back.Thanks, Ian

Qlds007 wrote:
Yes it will and maybe ok but it will not be considered on a Nodoc basis only full doc from now on in.

Are you sure Richard?I have just discovered that a low doc loan contract – (Perpetual Trustees as Lender) – that I am just about to sign is being funded by Mac bank. It is for a block of land that I will be constructing a duplex…[Read more]

If this is true Lucky then I would be reporting the council to the State Planning Minister or at least go to your local member and demand for an explanation. That is atrocious.  I have recently put 2 successful D.A.'s for dual occ through Byron Shire Council who have been notorious for hold up's. To my amazement the first was approved in 5 weeks…[Read more]

With all respect cu@thetop,Maybe so – but I would never judge a persons motivation or integrity based on this method of earning a livelihood at least until I had personal dealings with them.

Never heard of Iron Fish Eddie but it is good to shop around and find what suits you. I agree it is difficult taking the leap and there are so many options it can get really confusing. What strategy? Who to trust? etc etc…. Give yourself some research time to decide and then make a choice based on who you feel most comfortable with. Good luck

Local agents can get you a tenant even if you want to manage it yourself. They usually charge 1 or 2 weeks rent for the service.

Qlds007 wrote:
RockianYou have until this Friday to have a loan lodged and approved or it will be rejected.To be honest if it is for a lodoc loan you can do a lot better than Mac Bank anyway.

Fortunately I can handle rejection Richard. I have had plenty of practice over the years.      Ian

Thanks for the info Richard. My broker has just sent me a Macquarie application form for an upcoming loan. I wonder if it will be an immediate winding back? Will make enquiries.

kean wrote:
I am 14 years old and i would like to know how to invest in property

You have already started Kean by joining the forum and asking for advice! Well done. I guess a good start would be to begin saving for a deposit. You have a few years to save up before you can legally own a property in your own name. I think some of the others on…[Read more]

wealth4life.com wrote:
The largest growing disease in the word today is SADNESS … lets run a seminar on "how to get rich in real estae and build yr self esteem at yr same time"

Human suffering has always been with us Wealth4life. Not only that – it appears as commonly in wealthy countries as it does in poor countries. I think that running a…[Read more]

Qlds007 wrote:
IanBackdating your ABN when you only started to carry on an enterprise 6 months ago with the sole purpose to obtain finance would be seen as fraund and certainly not recommended.There are a couple of lenders that do not require you to state your ABN on the application form so as long as you understand the term lodoc this is…[Read more]

eddie01 wrote:
Thanks all for your comments.Since my meeting I have planned to wipe out my debt first then look at future investment.The proeprty firm is called Property Secrets, has anyone dealt with them, I would love to hear your views. So far I am pleased with there approach. Any comments will be great.

Hi Eddie,I have had material sent to…[Read more]