John has spoken at a few of the Adelaide investor meetings and seems to be very knowledgeable in many areas. I know a few people who have worked with him recently and say that he is currently a little overwhelmed with too many projects and maxed out finance. As a result, there have been many unfinished JV and renovation projects as well as money…[Read more]

One of the best policies around for landlords insurance is teri scheer. The reason why I like it is because they dont expect you to use the bond money in claims for damage. The bond is there for you to claim for other things if you wish to. You can only insure properties through TS if it is professionally managed. The pitfalls are that the…[Read more]

I would just give her a rent increase form with a letter stating "either accept it or leave". Infact, I would have negotiated an extra $20 per week for the new kitchen before even a cent was put into the house, as well as signing a fixed term lease for an additional year, you need to use tenants demands as a negotiation tool to increase rent. As…[Read more]

Properties are far harder to sell when there are tenants present. If they have a fixed term lease you may also risk limiting yourself to selling to investors, this means that the sale price may be lower. It is far better to dip into the whole pool of available buyers than restricting yourself to a niche market of investors. The other thing to…[Read more]

Hi Emil, Rick Otten has lot's of publications and courses on this! In saying that, the concept is very simple, the vendor accepts 80% of the purchase price during settlement say within 6 weeks, the remaining 20% is owed to them, the title of the property transferes at settlement and they take out a second mortgage against the title for the money…[Read more]

Dale Gatherum Goss in Melbourne would have to be one of the best. He is also a successfull entreprenuer and very capable of thinking outside the box. If you want an insight into how he thinks, read wealth sabotage and trust majic. If you start with him, he may be able to direct you to other "team members"

Does it really matter what the terminology is classified as? If it makes sense to rent out 3 rooms then do it? Why not do this withr your PROR then buy another investment property where you rent out the whole house and offset losses against your income? Sounds like a trip to your accountants office may be worth while!

I'm a little confused, are you buying or selling a property using vendor finance?

PS, Terri scheer insurance is great value for higher priced properties but overpriced for cheaper properties. You may need to shop arround if you have a cheaper end of the market property.  if you have a property manager, ask them if they recieve a kickback from terri scheer, they give kickbacks or "referal fees" to most real estate agents. We dis…[Read more]

You need building insurance and public liability at the least. Some people also take out landlord's insurance. If you have a pm, one of the best policies for landlords insurance is terri scheer!

Not really sure what you are after but the prosper group in NSW have a publication that is worth a read. They are also property managers and buyers agents! contact chrisw@prospergroup.com.au and please tell him that Xenia sent you

This is just my own investing style which may or may not suit you. We never pay off loans but instead use savings and generated equity to buy as many properties as we possibly can. I started at 19 and was financially independent at 33 on 9 properties (I don't believe that could have been possible if we were paying off loans!). Nothing is payed…[Read more]

I strongly believe in the powerful principles of the secret! But I did not like the "movie"!!! Why do people need to be entertained about everything? Holiwoodising and glorofying a powerful principle and especially putting it on the idiot box and promoting it on sensationalised programs only increases the chances that it will be taken out or…[Read more]

WOW!!! I really don't know Kim, but that really sounds excessive. How many agents have you tried for an appraisal? Is there anything payable if they don't sell?

Here's a useful one for an investment property (if you are getting it at market value). Subject to your property manager gaining access to the property before settlement for the purpose of showing the property to prospective tenants. The reason I would suggest adding it as a clause is because it increases your chances of having it rented at or…[Read more]

LOL!!! I don't think there is a "standard" list of conditions that everyone should use, it depends on the house, the amount you are getting it for and your own situation. If it is a cash offer, you don't need a finance clause, if it is a development site, you don't need a building, pest inspection clause but may need a subject to council approval…[Read more]

There could be some tax and asset protection benefits but it all depends on what YOUR goals are for purchasing the property and how it fits into your own property portfolio. Some people will tell you to talk to your accountant or financial advisor, but I don't think anyone can tell you what your future goals should be they can only help you to…[Read more]

Interesting!!! Can't happen in SA I don't know NSW real estate law enough to comment. I would be P*55ED OFF  too!!!!

If you list what is wrong with the property then put in the offer you risk offending the vendor. Why not just put in your offer and see how it goes. If it get's knocked back go with plan B, buy elsewhere!!!!

Nigel Kibel wrote:
ACIC was established to protect the consumers. What are they doing. It has been clear to many people that these companies represented a huge risk to the public. Why were ASIC not warning people about these groups.  

What ever happened to people taking responsibility for their own actions? If both these products were th…[Read more]