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 properties in Richmond where i had said a 10%+ rebate is in actual fact in excess of 20%, but i dont like to talk things up, hence i gave conservative figures. i have clients that have setteld properties in the past 9mths with a purchase price of $375K , tenanted at $540/wk and already revalued in the past month for a LOC for another purchase at $510K, these are all new , and fantastic locations , they are not in a hole that nobody will want to live in. The only reason many regional areas have performed well is the inner rings have driven those prices up.

…as did a certain other property developer / guru… I have only made an assumption of who you are talking about, but your are sorely mistaken and should ask directly if you want the facts, i will gladly tell you what you wish to know.

the facts are i help people and do not charge $000’s for it and i only care about the results for investors. i have purchased crap property deals to get clients out of ordinary deals that i had no involvement with, so i do not appreciate being tainted. the fact is in the not to distant future i am intending on running free mentor sessions and i dont care if i am assisting with deals (which is inevitable) outside of my company.

the people that have actually dealt with myself or my company would know that we go out of our way to help people. we have advertised heavily on radio and industry publications and you do not see or hear of horror stories of dealing with ourselves. we have a fantastic loyal client base including wealthy business people and afl footballers that have all risked their reputations by writing personal testimonials about our services . Please do not assume that i or my company are just like every other investment group.

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

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 10%deposit.you can sometimes slip a subject to .. in the agreement so you have an out clause

what area do you want to live in soum?

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 $120K and to acheive the same (forgetting tax benefits) you need 16.6% return and what about margin calls?

since 1982 only 38% of the asx 100 is still in existance , some have had take outs but a large % have gone bankrupt, that is the best 100 companies in australia… i think it is obvious i dont particularly like shares. i do have them and i have never come close to my property returns, because you cant beat a no money down deal . they are infinite returns. i could be ps 146 in 8 days and have the licence to invest your retirement fund and it would only cost $3800 and that is legal and that is what happens. these so called experts are the ones trading your money?i dont care about comparing apples , no offence chipper , i invest to make money and the word diversify means spread your risk because you are bound to lose. bankrupt properties dont exist

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 does not cost me

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 working?). it is not wise to have a “messy” tax lodgement that could fall under scrutiny.

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 lose everything or drop $20K? i am hoping he will still make a profit

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 properties. (no CGT implications). But if you do not have great confidence in your properties for potential capital growth , i would sell and start fresh (cashed up).

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?