Hi Theresa
I tried to do similar in NZ in 2000. I was putting up the land, the builder was building the house and we were to sell and split the profits. Perfect … as long as all the ducks are in a row solicitors, agreeements etc before you do ANYTHING. I got caught as I confirmed the extension of the land to proceed (I already had a deposit…[Read more]

Thanks again. Your statement Jon, whatever one looks at, of…maximise the return on the investors dollar outlayshould be what I should look at when buying the right ball in the crystall ball shop, as well as cash flow required in the interim. All else is consideration, but keeping the plan and strategy in mind uppermost.Cheers

Thanks. Just have to figure out which definition of 'high demand  location"  is the right calculation for a 'yes' on that regard. There are many factors to consider I know, and most of all wish someone would tell me where to buy the RIGHT crystal ball! lol Cheers!

HI againForgot one other comment…on the contract..what does it say about the transfer of title being necessary for settlement? Check the fine print..then maybe a new contract signed or altered as worst scenario PRIOR to handing over the dollars??

Hi Not sure which state you are in but maybe contact another solicitor for a second opinion? or the REIQ or similar in your state for advice perhaps? If it goes bad..who is at loss..you or the seller..who would pay insurances if anything happened to the property ie WHEN does it become yours..on title, or date of contract? I have worked in Real…[Read more]

Thanks all for your posts. All very interesting and worthwhile reasons to study more about. Great food for thought for me. MOre questions another day when digest a bit more info and study a bit more, meantime watching everyone elses posts/questions/answers.Cheers!

Hi all…very interesting comments above. And great inside knowledge too! Thanks!  Im also just starting considering mining towns as a potential $ maker with property so thanks.A thought tho alongside all the property and investment info and considerations…what considerations/issues might be expected to be thought aboud due to the council…[Read more]

HINot an expert by any means as also starting out myself altho know lots about tax and other areas…but no one above has mentioned the benefit if you dont want to use all cash and have a negative effect on the property dont forget about the Witholding Variance form the ATO makes available to utilise the refund in tax expected at the end of the…[Read more]

HI there….and a wee thought for you…I have only been on this site a few weeks altho did a few years ago..but I am VERY impressed with the wealth of knowledge from most in here and very open and direct comments and advice..maybe we should all get OUR questions together..invite (no..CHARGE EXORBITANT PRICES FOR THEIR ATTENDANCE!) these 'experts…[Read more]

HI all who have responded. Much appreciated and sorry no reply till now.In answer though (and yes..have done a bit more research about it off the net and you all have good points Ive been asked outside this forum..)Purchase price including the 100k..no. would be MV then receive that after purchase or at the same time but separate contract. INcome…[Read more]

Thanks again. re my enquiry above if you would be able to assist otherwise maybe I should email you directly as you are in Brisbane and so am I. But if you dont work with 100% loans anyone you could point me to that is decent?Cheers

Forgot to add..when I looked into investing about 2 years ago I also got Rams as a poss but will need to check if they are still offering 100%.. Just a note fyi to add to my picture

Thanks Richard. Any ideas who we should look at initially? She has done some basic searching and came up with Aussie Home loans as a potential according to the mortgage broker (her contact as overview initial meeting) but I have no other facts on this tonight before I chat with her again tomorrow. Is this something you work with your clients if…[Read more]

HiThe biggest one I think is realestate.com.au gives the ability to search on any area etc.Domain.com.au anotherTheres a couple of the top of my head. Hope that helps.Sandy

Thanks Dukster for all links and info. Yes am arranging to see my acct this week as first option but want to make sure we have covered most options and thoughts we should have. She has had investment property before but with a boyfriend (now sold tho- the property not the bf lol) and was in NZ but had a type of prenup with him so is aware of the…[Read more]

Hi RichardWe want to go in on 100% so no deposit from either of us if possible. Not sure about Tenants in Common rules versus investor. Am new to this although I have good background in tax and investing etc workwise but just not personally yet as an investor, and was a while ago so rusty on latest rules etc. Neither of us will live in it (at…[Read more]