My contribution is to suggest that before you ever submit an offer it is wise to try and find out the vendors reason for selling.

Experience has taught me that matching your offer with the vendor’s need for selling helps to get a deal done quickly.

Another question to ask is ‘is the price negotiable?’. Almost always tha answer is ‘yes’ and this…[Read more]

Thanks for the post. Your comment about people talking you out of deals is well made.

Investing is about taking a calculated risk. The risk part comes down to a worst case scenario financial loss, the calculated part pertains to your investing skill and expertise.

There is no certainty in investing. People will rarely tell you it is a good…[Read more]

Hi,

While the RESULTS program is now fully subscribed, the answer to your question is that the seminar provides intensive training over one day, whereas RESULTS provides training and mentoring over 12 months.

Clearly there is a cost difference too.

In the end, they are different products aimed at helping investors maximise their property…[Read more]

Hi,

I think the answer lies in the need of the local community.

Sure – temp. self storage, or any temp. storage, seems like the most logical choice. Make sure you investigate insurance issues though.

Otherwise, you may find a local business has need of the land for some reason or another. Can’t hurt to ask around.

Billboards can be expensive…[Read more]

Hi,

Make sure you check out http://www.homepriceguide.com.au

They now give some good stats for free.

Hi,

Is this a property for you to live in, or an investment property?

I have a personal bias here. I lived on a main road for a few years and was assured that I would get used to the traffic. I never did!

My friend and fellow investor has a theory here that I subscribe to… an A grade house can attract a D grade tenant, but a D Grade house…[Read more]

Hi,

It’s a good question…

The Wrap Kit was discontinued because it needed to be updated and I didn’t have the time to do it.

I had plans of releasing a cheaper intro vendor finance product, but again, time has been a problem.

All the best,

Hi,

Depending on where you are, the question of whether or not it is big enough is more a question of the footprint that you can build.

Assuming you can get a planning permit, your could build a small one bedroom bedsitter out the back… but I’m not sure this would meet many planning codes.

The bigger issue you will have is having access for…[Read more]

Hmmmm,

I think going down the road of working with the council is better than bunking in for a fight. In the end, they can slap you with an infringement notice and leave you to argue all you like.

A possible strategy may be to get the tree doc out to say the tree isn’t dead…

Otherwise, offer to fund some planting of trees in the local area…[Read more]

Hi,

I’m not sure how I missed this post, but in reading the comments I would add that any person who is happy to share his or her time by helping others leaves quite a footprint.

SIS was a welcome and valued contributor. His passing is sad news indeed.

Yep.

Hi,

John was part of the MAP program as featured in my second book. Irrespective, I do not endorse or sanction him or his investing.

It is true that John spoke at several seminars I ran and presented case studies that he had invested in. On paper they promised to make attractive returns, however I cannot vouch for those profits being realised…[Read more]

G’day,

As I understand it in NSW, unless you have exchanged, anything can happen.

Ring up the REINSW and have a chat with someone to confirm.

Perhaps in the future have a clause in the contract that if the purchaser fails to exchange then your costs can be reimbursed.

Please let us know how you get on!

Bye,

Nicko,

Planning regs vary from State to State and Local Council to Local Council.

Generally, a hammerhead (HH) block will contain two titles, plus a common area for the driveway and shared services.

Each block will need its own private open space, parking and turning circles as required by council.

BTW, if you are looking for a good product…[Read more]

HI knovak,

Thanks for your post. I’m not sure about the notion of having your old house become an investment property just because you used to live in it.

It sounds to me, unless I have misread your post, that you are thinking along these lines for the sake of finance convenience rather than investing merits. If I’m wrong then apologies for…[Read more]

Wow Duckster… I hope you get a mention in the bibliography for your help!

REIA has data that could help you as they track median house price movements and also average rents. You will need to extrapolate the data, and as such there will be some statistical errors, but it will at least be something.

You may also be able to get data from…[Read more]

No probs Lee.

I have changed the title of your post in the hope you will be able to attact the reponse you need.

Cheers,

Hi Cadan,

Aussie Tax Law requires that there be a nexus (connection) between the earning of assessable income and the incuring of an expense.

Please confirm this with your accountant, but you may be able to start claiming depreciation from the date the property became available for rent, as opposed to the first day it was rented.

Certainly, the…[Read more]

Hi Lee,

Thanks for your post.

When you say ‘financial advisers’, do you mean accountants, financial planners, mortgage brokers…?

These days it is a wide area.

I agree. Give the money to the vendor’s solicitor.

I would have thought that the vendor as specified in the contract ought to be the owner of the property as recorded on the title.

If the vendor’s don’t have a solitior, give it to your solicitor to hold in trust for the vendor.

Cheers,