You can always rent, Russ.

James

I found Pepe, I am a very happy man!! (small things for small minds)

Pepe aka James

Redlilia,

Longer-term, I think you are positioned really well. Not as much up-side compard to say Robina a few years ago… But town centre hasn’t come on-line yet. and other infrastructure is slowly coming on..close to Hope Island as well.

Of course I have bought in Coomera (so maybe I am biased!)

Probably not as well planned / developed as…[Read more]

Yack,

I would think your formula would also need to have a measure for size….

Sqm (for unit/flat/apartment) or land size (for house and internal sqm)

One property with the same house (sqm) might rent for the same amount, but if one has 50% greater land size, it would be worth more. (That wouldn’t be reflected in the rent though)

James

I can’t believe there is no Pepe Le Peu![glum2]

James

I have recently received a similar promotionin the mail by Hans Jakobi.

I skim read it and I am pretty sure it said money back guarantee at the end (with a whole lot of ‘free’ gifts thrown in as well)

James

Agree with the previous sentiments. I also wanted to use this new smiley too.

[jerry]

(change the name to Yacky in this instance!)

James

Thanks SIS

James

Does that mean 107.02% of people who own property own an IP?

James[wink]

Archizen,

I like that advice Mel.

If a friend or family member doesn’t feel comfortable to do this, maybe a buyers advocate may be able to achieve the same result. Assigning would not be in play in that situation, however, you could purchase through a trust or other legal entity.

James

When a credit check is done…does the bank actually see your entire credit history or do they just get a confirmation that no default or judgements have been made against you??

James

Mel,

You are indeed correct. The brain was thinking one thing and the fingers were typing something else. Should be 66 months.

I wish I could have used the excuse of it being late when I wrote it…Doh!

James

Tridean,
I suspect that he and his clients have probably made a lot of money over the past few years this way. Usually we advise and recommend the things we know well or that have worked well for us personally. Whether it is right thing for you today, don’t know.

As the others have said, keep asking more questions, get a better idea of where he…[Read more]

Once you get a judgement of a debt against someone in the tribunal, don’t you then need to go to the Magistrates Court and get a judgement against her in court before that happens.

James

Q.Why would you refinance when you have paid the first 5 years in interest. For instance $1000 per month * 60 = $60,000.

1. Maybe valuation on your IP is higher through another FI (beacuse of the valuer)
2. More competitive rates
3. Leverage deals through consolidation of laons with specific financiers

James

Yack,
To get her details on this tenancy database, do you need to do this, or does this happen automatically after the tribunal judgement.

I wonder whether many agents currently use this or indeed have access to these types of databases.

James

Intersting to note (have seen this stat elsewhere), that the vast majority of property investors own only 1 IP.

Not really an retirement/lifestlye changing nest egg though.

James

Tridean34,

The actual tax you pay (for an individual) is the same.

If you make any profit on your IP, you will add that to your assessable income and pay the going PAYG tax rates.

When you sell your IP (and assuming capital gain), this will also added to your assesable income and then pay the PAYG tax rates on the combined income.

The only…[Read more]

kkowalsk,
No need to do it now. Won’t affect the numbers, plus you will pay anything from $300 to $600 for the report. Best to do it when it is an IP so you can claim it.

James

Kristie,
Don’t let them bring you down, because ultimately, they are very much aligned to selling their products and if you don’t meet their requirements, then you get the response you heard.

Go to a mortgage broker, they will be in a better position to find out alternatives for your scenario and future investment goals

Good luck

James