Hi Tarik,How much? I dont know .How much do you want it ?I think steves sells them for $390 odd?I guess flick me $290 and illl post it out to you.it is as new by the way.kind regardsLuke

I would defiantely go and talk to the tenant and see where he is headed in the future,.as he may be planning to go with family soon you never know,or if encouraged that the rent needs to go up due to yr new expenses with the bank(explaining you are paying more for the property than the current owner, due to the market increase so you need more r…[Read more]

Hi Eller,welcome !Take yr time in deciding what and where yr going to buy,there is nothing to be anxious about.There are always deals out there.but in saying this once yve made yr decision step out and do it .Queeny and adelaide are both great areas to invest in. I like SE queensland due to growth rates but Adelaide have got some lower priced…[Read more]

Great work man!Are they giving you a fixed price on the dwellings?It would be interesting to see the figures if possible .

Hi Frosty,mate the way i see it is you can get them done for under a grand including a trustee company.But,at the end of the day you are using it for assett protection and negative gearing with property investing, so you really want to pay someone whatever it costs (up to $2500) to make sure the trust deed is going to stand up to any discrepancies…[Read more]

That would be a great idea Emma !I would ask him to take a pen and paper and write everything down he sees. Including any visible issues with the house,tenants, surrounding properties,etc etc.Look hard for reasons you wouldnt buy the house.,incl any possible issues that may arise down the track. Have yr buiding inspections,valuations,market…[Read more]

Hi Mate,i have  a copy of the wealth gaurdian  kit .I may consider selling it if you are interested.Send me a PM,kind regardsLuke

Mate ,i would be very careful buying a property sight unseen.I have done it before and regretted it. There is always little things that you miss,which you would have seen if you were there physically.Make the investment ,travel and go look at the property yrself,you wont regret it!!Of course get building inspectors etc etc to look at it but how…[Read more]

Hi Dave,thanks alot man ,Ha Ha the buffalo thing Its definately very tempting  man!! ha ha love it !!

Hi Queengucci and Dave,Yes ,Building ,  renovation ,material costs and labour are much cheaper in the Usa than Australia.But you have gotta be careful who you deal with.I know many people who have been overcharged for building work,especially foreigners.not only that but never pay up front .Always give installments and check the job on the way…[Read more]

Hi guys,How did you go with the JV ?San An is really pumpin, even through the sub prime issues,.Alot of very good deals are coming up now as alot of people have been scared off.are you still in town Nigel.I am here for 3 weeks at the moment,reno ing some houses to try and move,give me a call if yr free.Luke

Thanks guys for yr opinions,v8 ghia,I do have an abn and lodge bas s every quarter for the commercial propertys under my name.,therefor i do pay gst on management fees etc on those so claim it back,but i also pay gst on any repirs by tradesmen etc on the residential props too so why can you not re claim?(i think yr saying as i am not paying gst on…[Read more]

hi Jambv,they dont sound like very good operators . But even more importantly,if yr not happy now you will probably never be happy with them.I would do as others have said and get the new PM to lift the file from them.If they wont give you the money owed try threatening them with legal action as they should have followed up the contract.The way…[Read more]

Very interesting Ben !is there any one of these tenant data bases in particular that most property managers and real estate agents use and record the bad tenants ?Can anyone go and check info on tenants?thanks man

Jensta,i was referring to broken hill NSW ,as it sounded like something sinilar that was happening out there after an auction recently.Zoe ,you are so right in questioning some of the "tradesmen" working for the housing commission.I have met some of these guys and well i dont need to comment further than you have.I think part of the issue is a…[Read more]

Hi Zoe,sorry about yr situation.On the positive though if you are able to take up a possible option to still purchase the property a)having it fully renovated by the deprtment orb) purchase it at a much cheaper price allowing for extra equity for you after repirs done.you may get an absolute bargain?!!By the way is this proeprty in a certain…[Read more]

yr so right Tysonboss!Lpg is awesome.And it only costs $2900 to $3500 to convert 95% of cars !Then the government grant is $2000,so realistically it only costs $900 to 1500 to convert.

hi Greengucci,you can try Ben carmona ,he does many different loan s for foreigners.I got one through him last year.hes on www.bencarmona.comJust a word of warning about the usa investing. Make sure you speak to at least 5 different foreigners who have already done it.Make sure they have had at least 18 months experience also.Also Generally…[Read more]

Hi guys,       Do you know if a person who has owned investment properties prior to 2000 (so doesnt qualify for the grant )can claim the grant through their wifes name(just married in 2007) when buying a ppor in her name?I was under the understanding that once one of the partners has had property before 2000 it cancels out the grant fully.any…[Read more]

Hi guys,yes definately dont buy if you havent seen a house for sure!!In regards to Broken Hill ,Skippygirl is correct .It is pumping! My properties have all either double and tripled in the last 3 years.I am confident it should at least double again in the next few plus years too as there still is very cheap properties available.*(just be careful…[Read more]