Forum Replies Created
Kay
You really are an evil wicked woman … just like I first suspected.[}
]And I laughed my ass off … butt it found me again![8]
Cheers
Leigh K[]Carve your own path and lead the way …
My thoughts were along the same lines as Mel, in a trust the trustee is the technical owner of the property so if the company became the trustee would the company assests flow onto the beneficiaries.
Please let us know how you go with this as it would be of interest to many people I am sure.
Cheers
Leigh K[]Carve your own path and lead the way …
Steve,I will give him $5000 that he ask for provide that he can find 3 more properties.
I also offer him $1000 if he find just one property, $3000 if he find just 2 properties.
Anything less give him a finger or two.
Warm Regards
ChanDollars
I wouldn’t give him a cent more even if he found me more deals, stupidity is not rewarded, and he got/gets a commission anyway.
Nothing irritates me more than incompetence and obviously he realised he had been incompetent.
I like ACTodays idea, laugh and ask for another deal, maybe incompetence is not so bad after all!
Cheer
Leigh K[]Carve your own path and lead the way …
Hi Kiasu
Depending on what your plans are … ie: if you are planning to have many properties then a family trust is a good idea. Multiple trusts help you to minimise land tax, as you only pay tax in the entity they are owned.
I do reccommend you get hold of Buyer Beware by Steve McKnight AND Trust Magic by Dale Gatherum Goss. BB can be purchased throught this forum at the resources section and TM can be purchased through API Magazine.
Cheers
Leigh K[]Carve your own path and lead the way …
Steve
He was just eye candy.[}
]Leigh K[
]Carve your own path and lead the way …
Welcome back or away[
]Good to hear from you, chat you around.
Cheers
LEigh K[]Carve your own path and lead the way …
I wrapped my first buy and hold to the tentant about 6 months ago .. they are such different people now. He had a huge chip on his shoulders when I first met him and the last time I was in town a couple of months ago he was yackin’ away about all their plans for the house and yard. And couldn’t stop thanking me for the help.
It may not be a perfect system, but it does work in the right situation. It’s not for everyone (wrappees and wrappers) but for those that do it with integrity do a good job.
Cheers
Leigh K[]Carve your own path and lead the way …
Howdy tedgalee
It sounds to me like you have got it!
Location is always important as you wouldn’t buy just because it was 15k and only the prospect if a handful of people every in the rental market. So now location is important for a different reason.
Price – well my last 3 deals were $72k, 55k and 60k now renting for $153 (wrap), $130 and $140 pw. The money goes into an account seperate to my regular banking and the mortgages come out of the same account and I just have a look at them to see all is OK, doesn’t cost me to have them.
If I have only $90 000 to spend I would look for property of such value only which is rare to find and possibly in the middle of nowhere.Do you have $90k to spend or can you only borrow $90k?
Our properties aren’t in the middle of nowhere (exactly) in the middle of Melbourne and Adelaide actually, so location isn’t important from the point of view that you can just drive by to have a ook at it, like if it was in teh area you live.
Thanks for
signing my book that I bought at the seminar and my husband still refuses to read it.I can’t remember if I read it here or somewhere else but if you want your hubby to read the book pick a chapter that is profound for your situation and say tohim, babe (insert your cutesy word here), I don’t understand this part would you have a look and help me. They can’t help themselves – ah a damsle in distress.
Good Luck
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Rob
Interesting topic!
I for one hate the lack of info, if you are going to have and use such a powerful resource use it well.
Quick story:
We just sold our house before xmas and had the best agent in the world. We had professional photography inc. an interactive floor plan and the copy made me want to buy it. All land size info was included as well as a brief area description.We sold our house exactly 2 weeks from signing the agency agreement – the first week was getting everything like advertising ready.
Now we are trying to buy a house in Sydney while we live in Melb and the web sites are sending me crazy, and the agents aren’t much better when you call … um I don’t really know what size the land is[8] What do you mean you don’t know-aaggghh!
The End
Personally one of my criteria is land size, as I intend to build a second rental on most of my properties in the future.
And photos … lots of photos.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Richo
Thanks for the photos. What a lovely bride and groom, I particularly liked the group photo infront of your “shed”. That is a great memory shot.
And what a great homestead. Funny I had you picked for a city boy, must be the name!
Anyways congrats, enjoy and be very merry[
]Cheers
Leigh K[]Carve your own path and lead the way …
Is EZ-rent just for neg gearing and is it used for ongoing property management or just evaluating deals?
Could those that use PIA and Finsoft please share why they think their software is best.
Cheers
Leigh K[}]Carve your own path and lead the way …
Hi Phil
Welcome to the forum.
We look forward to hearing your experience more often.
Good luck with your plan.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Elves
Welcome to the forum.
Turn that frown upside down and remember you can’t please all the people all of the time. Soon enough they will rent somewhere else and discover what a great landlord they had in you.
Might I suggest though that you find out what it is that “They” want – did they ask for a bigger hot water system, or would some movie tickets have greater value to them or an air con etc.
Just because the HWS adds value to your property doesn’t mean it will have the same value to someone who has got hotwater anyway!
Just some food for thought and keep up the compassion that you have demonstrated.
Cheers
Leigh K[]Carve your own path and lead the way …
First[
][]
Then[][]
Then[][]
Then[^] And[:X][:X]Thanks Pisces sounds like fun, but alas I am in Melb.
Kay, maybe because of whatyou found out you should still go to provide a first hand account of what goes on.
Cheers
Leigh K[]Carve your own path and lead the way …
Kay
It looks like you have got yourself a school boy, a FREE room for the night and dinner to boot … you lucky lucky lucky girl[:X]
AND, then you get to go and look at property too, oh my god it’s too much[8]
Have fun you too, we want to hear all about the “tour”.[
]Cheers
Leigh K[}]Carve your own path and lead the way …
I have always said Wealth Guardian is essential reading for anyone serious about building a property portfolio.
It clarifies structures and provides a sensational introduction to Trusts.
Buyer Beware is also an essential tool for new investors or anyone wanting to professionalise their current approach.
Cheers
Leigh K[]Carve your own path and lead the way …
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