It very interesting that some of the users of this site have struggled to harness the english language, rebates does not mean yields and and cutting part of a sentence to attempt to mock somebody is childish. But i will entertain this behavior by responding ,i currently have actual deals for $395K already tenanted at $680/wk brand new… the…[Read more]

hi , i have found it interesting that people are making comments about my company that are untrue. (WPB) One of the first comments was about Westwater and the other about only dealing with apartments is also wrong. Finally i challenge anyone to give their clients better deals.There is not a fat chance in hell that anyone could provide better deals…[Read more]

i have a guy who will do all of this plus he can set up trusts/co to protect the assets you have already purchased most accountants/solicitors will tell you it is impossible. he is not an accountant or solicitor though, but it does work i dont have his details handy but if you want them just email me

thanks guys i will look dale up as i need another accountant in that region, for my clients, my best accountant is based in sunshine opposite side of town for most of my clients

depends how the agreement is written , with at the expiration of the term you must settle the property or your nominated buyer, then you are locked in , but it is possible to place a purchaser into the property and you can make a profit by the variances. just remember if the purchaser does not settle you are liable so ensure you have a full…[Read more]

the new mortgage insurer is TMIC owned by none other than GE , not to mention our other insurer PMI 50% owned by GE , the ACCC are doing a wonderful job[angry2] but they will be releasing this 95% lo doc product shortly via its originator funds AFIG, my broker has already given the heads up on the products they look far more flexible for the self employeed

what area do you want to live in soum?

also is that property available at $150K in the gold coast because i would be interested?

i hate to break it to you but there are no better results than property . How many shares can you leverage? why is it the banks give a higher lvr against any piece of crap property than against their own shares? not because they like risk! scenario 1 invest $40K and receive a return on a $400K property just 5% growth is $20K

or scenario 2 buy…[Read more]

hi tombola , i am a full time property investor and love talking property , i am very interested

i only ever buy new , for maximum depreciation , maximum rent for the area and the properties are easier to rent. just think what would you prefer to rent? plus i do not want a full time job hearing about a faulty… anything. new has minimal maintenance , normally if there is an issue it shows up in the first few weeks and is under warranty so it…[Read more]

personally i would not do a reno as it is time consuming and there are many hidden costs. for instance what if the electrical wiring is substandard and needs to be replaced ? will this company guarantee that the reno will be completed to current australian standards or will they just do what they quote and then they explain the word ‘variation’ to…[Read more]

terry is correct about the tax situation . i would suggest sell your house it is CGT free i would imagine if it has only been your principle place of residence. draw up a line of credit on your new home and reinvest that way, it is far more clear cut. check what your accountant thinks (not always a wise move especially if they are 60 and still…[Read more]

What makes you want to look at renos? you carry all of the risk! Do you have any building experience , i dont like to be negative but i am a qualified builder, electrician (my old profession) and refridgeration mechanic and there are so many hidden pitfalls with old properties .the CF+ deals are out there , in my experience QLD (where you are from…[Read more]

With a limited amount of info , i suggest your friend sells the property at a rate which will easily attract buyers. if he leaves something for the next person and still makes a profit that is a win-win . he secures his position , remove the financial pressures and refocus on future deals after all family is the most important thing , he could…[Read more]

I meant garry on that last post not sonny apologies for the confusion , i cant type as quick as i think

Hi all, I think Sonny meant CGT and the exact date is 20th sept 1985 . i think sonny was on the right path , i would convert the investment property to I/O loan and if need be draw a line of credit to facilitate interest payments for your investments (it will be tax deductible ). Or you could sell your home and move into 1 of your investment…[Read more]

Are you emotionally attached to your home ? and if not could you move into one of your investments if the proximity permits. Also $1250/mth on a $160K loans seems a high repayment is this interest only?

I recommend you utilise a broker that is large enough that they are able to instuct the valuer themselves ie the one you want . try sfs on 03 9882 3400 they do my loans and they instruct the valuer for me

China is very difficult to create good contacts and there property is only just opening up to the world, many areas foreigners can not buy , unless you set up a company in Hong Kong and transfer the money that way . At this stage we are not negotiating in China for clients at has not yet 100% stabilised (the government can easily change laws…[Read more]