Caprivik – what do you mean”victims” real estate? Do you think he ripped you off?

Yes, Corio has a shopping centre- and lots of those housing commission type houses going on- there are parts I guess that are ok – ish.

Norlane – some parts again ok- I was impressed with the parts with streets named after birds- “Swallow” and “Dove”.. Old Dept of…[Read more]

A drive around the area will reveal all is my suggestion.

Yes, Richard is right – I dont understand why you have to sign- walk away until you get more advice.

Why do you have to sign the paperwork on Thursday? What is the rush?
I would suggest you speak to an accountant before you go ahead as this may seem like a good thing to do but could cost you $1000’s more?
Who is putting pressure on you to sign?
As I always say – this will not be the last investment property – there is always another around the…[Read more]

Yes, Melanie gives a good over view.
I would Go straight to horses mouth still and speak to Matthew Guy’s office so you might have some influence over how it plays out- not sure but its worth a try. Its too late by the time these things get to council and the public- decisions are already made.
After this – your planners will have the best…[Read more]

This all sounds good. I am not sure about rent at $390 pw. This sounds a bit high? It looks like a nice place…..
Vacancy rates may be low but not sure if this rent is what is the going rate in this market.
I was a former real estate agent in Melbourne – so I dont know much about Bendigo.
have you compared other properties around the area? Also…[Read more]

I have heard of them and attended a few seminars. They have some great ideas.
I am not sure about hidden costs…… they do a lot of stuff in house. A lot of very positive hype. It was when the market was better so I dont know what they are saying now.

Did you go along?
How was it?

Yes, Nigel is right. This is a head line.
This is not quite what I am hearing on the tv. Over the weekend they reported that prices have actually increased in inner suburbs. Come to think of it- I have been looking at prices and I cant find a bargain.
From this information- when the media is mixed about what is happening- this is when the market…[Read more]

Opee, it is worth considering what Emma has to say.
Park Trent is a large company and does a lot of property development. They have had mixed reviews. But they have been around a long time too.
Brusnwick is a good area- close to city and university and lots of amenities.

Gavsam, I think it is a mine field and we dont really know what is going to come out of this until it is tested.
My understanding is and from what I have seen- local councils have not given approvals due to local pressure but it then goes to VCAT and the local council is over turned.
You could contact Matthew Guy’s (Planning Minister) office and…[Read more]

Hi Tesst,
Dont beat yourself up- it is hard to know what questions to ask when you are investing in property.
You do need brokers and accountants who know what they are dong.
Even then you cant know the questions to ask until you get into it.
You have started on your journey and that is the main thing.
Good luck with your investing.

Thanks Terry for you amazing insight – as was pointed out in my post – was not protected by the Trust.

Tesst- I was in the same situation- at home with the kids and title of our home was in my name but the mortgage had to be in both names- now i split with the ex and have to re finance the loans.
I would speak to an accountant who knows about property as to the best way forward.
If he is the higher earner – then why not take advantage of negative…[Read more]

Hi Adk,
I am not sure why the PM is not responding to you. You cant really make assumptions about their liability- not based on whether they respond or not. On the money you received- you say in your opening line that the money was to cover loss of rent but then go on to say that the PM “claims” the money was to cover damage but in the same…[Read more]

All sounds very complicated Jenny111 but I had a similar thing years ago- I had an IP and wanted to protect it so we set up a trust. I did not understand at the time that the title had to be transferred as well. It was to protect from my ex but all that went out the window anyway when he left- I still had to declare everything. I dont get it…[Read more]

Adk, this sounds complicated. Why did you let the PM take out an insurance claim on your behalf? What does that mean?
What was the money used for? Or what did you think it was used for?
It makes it complicated that there was a second tenant… like can you be sure that the second tenant didn’t make the mess and that they just made the report this…[Read more]

renel wrote:
We have been to lots of properties, even tried to buy 2 (1 the offer was not excepted, the other had a minefield of problems when we read the strata agm). What I asking is do BA have access to other research info that I cant access?

Renel do you have a program that tells you all the previous sales in the area? You would have to…[Read more]

Thanks powderfinger- I will have a look at that site.
RPData- you can go to Free report and get just that – your free report on the area you choose.
You need a user name and password if you are using it professionally.
You can buy street reports and all that too- with house sales over the last whatever it is but NOoooo you can get a free report on…[Read more]

Terry is right- I would still steer clear of making it too complicated. Just asking for ATO to have a closer look at it.
Maybe even buy an investment property with your girlfriend and have her live somewhere else?
Do the sums- trying to make gains by trying to apply complicated tax applications is so not worth it.
You may do better to buy…[Read more]

I am not sure what you are missing Renel but you are saying you are not purchasing.
Weren’t you asking about a Buyers Agent?
What you ARE missing is that B A’s have a lot of contacts, experience in the market and negotiation skills that you cannot get from excel spreadsheets or google searching everything. Like it or not – you do have to get out…[Read more]