Anybody?????

Thanks Steve, a quick call to the local council revealed that it is an ''unidentifed easement" most likely for access to storm water pipes as these just touch the southeastern corner of the block. So will need an Engineers Report and a Survey Plan to ID who owns the easement…. most likely local council. Councils preferred access to the easement…[Read more]

Thanks Rodeo, not sure what easement is for, easement comes up on a property data website but is not mentioned on council property development website so will contact council for a clarification. Just hoping that it wouldn't impact on any subdivision potential or building potential. Thanks again

Trakka, how do you approach the vendor with your vendor finance option?? Is it something that you just ask the agent whether the vendor would be interested in it?? Do the banks finance based on any standard LVR??Love hearing about your success.Cheers

Thanks again Scott, I have asked for a copy of the lease and will get check out some of the finer details and will be sure to check all the points you and Trakker have suggested.Hopefully the lease checks out in my favour.Cheers

Thanks Scott No Mates, The space is zoned commercial so would that reduce some of that risk? Tenants in the 6 unit complex are long term with good solid history. Floor space is small at 58m2. There is a small bond in place $1600. Lease is 3 x 3 with renewable option but outgoings are not included.Does this information raise any further eyebrows…[Read more]

Thanks guys for your input. Great stuff.Leased until Oct 2009 at approx 8% yield.Tenant is a hairdresser in a boutique strata titled complex with Doctors, Physios pharmacy etcWill use your tips to gain further information.Just wondering how are these properties valued?? What makes up the purchase price??Thanks agin for your help

Congratulations Kylie.Nothing like doing it in the real world and achieving success. Would love to emulate your success one day.Good on ya

Thanks Terry, so those loses made after deductions etc would be then held in the trust and be offset against any capital gain in the future??? So as an example of a strategy then, if you were to rent out your PPOR for lets say an 8% yield and purchase another Property under a trust structure pay market rent and then any loss made after deductions…[Read more]

Thanks Terry and Tammy, I am a little confused. But would the rent that you are paying into the Trust be tax deductible? If so to whom or to what entity would this deduction apply? The trust would run at a loss I guess as loan and rental expenses would be greater that market rent paid by me. Thanks again

Steve , also sorry to hear about your wife's ill health. Property Investing will and should always take a back seat when personal health and family are involved. Hope all works out for you and yours. Bit harsh I thought to criticise someone on their success. Funny how we tend to think that they (the wealthy or successful) must have done something…[Read more]

Thanks for contributing. I have certainly gotten something out of your comments and will take it on board.Cheers and happy investing

Who then is best to structure loans going forward. My Broker? My Solicitor? My Financial Advisor? Are you proficient in these areas Richard? Thanks mate

Thanks again Richard, PPOR currently with ANZ LOC. Would you suggest talking with them to discuss as would be 1st IP. I am keen on a debt reduction strategy asap. I think interest rate MB quoted for Mac Bank LOC was 7.68% in early Dec 2007 but extra costs of doing transactions with Mac bank would increase the costs of doing business. Yes?Cheers

Thanks Richard, is it too much to ask what other lenders you are thinking about to keep loans separate and at a lower interest rate??Thanks heaps