Improved land (with a house on it) certainly sells alot quicker than vacant land! It would help the sale if you had a house on it or at least a house and land package if you don't want to go through the full expense!

They are the biggest scam out! I am dead against them and can't believe that they have passed legislation and actually offered to people. Positive cashflow helps people build a portfolio faster but true money in real estate investing is made through capital appreciation. In SA, wrapping is outlawed and now there is a bill to reduce the number of…[Read more]

I have never heard of the other 2 you are talking about, but I regularly post on Somersoft.

You should rely on your pm to do it! That's what they are paid for? But do keep on top of them what insurance company are you using?

What benefit do they offer over business network groups that involve both genders? The majority of large business owners in Australia are men, why cut them out instead of networking with them and choose to work with only a minority just because they happen to be a particular gender? That makes as much sense as networking only with people that have…[Read more]

If you want to claim against your landlords insurance in terms of rent loss. There must be a written fixed term tenancy in place! Periodic or continuing tenacies are valid in terms of tenancy legislation but insurance companies (many of them) would require that a written lease be in place before a claim was made. I would suggest to get one drawn…[Read more]

If you don't want to go down the Lo-doc path, anything can be negotiated in terms of purchasing real estate. 6 month settlements are OK if agreed to by both parites. Leasing with an option to puchase is another technique commonly used by people who have been self employed for less than 2 years.

I wonder where they got the idea for that business name? Sound's very much like "We buy Houses"!!! Don't know anything about them but I just love their display of origninal thinking!

What does the clause say exactly? I haven't seen it!

Rent to Buy is a term used for many things, it is not descriptive and dosen't really mean anything from a legislative point of view. Our solicitor has advised to never use the words as they are contentious! Lease with an option to purchase is more descriptive. It describes taking out a residential tenancy agreement on a property along with an…[Read more]

I think it's great! very fast and now on par with sommersoft in terms of ease of use. I would recomend having a feature where you could touch the posts with the cursor and get an overview of the topic without having to click on them. what happened to my posts though? why are the signatures not displayed? Other than that, well done!!!

Hey what happened to my signature and the rest of my posts????? I had over 1000

You would probably need to terminate the agreement in writing! I would send them a letter stating that and get them to confirm IN WRITING that it has been terminated!

What is it?

Hi Kim,

we are personally against auctions. They may not get passed in but they dont always get the best price.
Private treaty or selling with option to purchase is our preferred methods, one achives a good price and the other achieves the BEST price! [biggrin]

Investment Property Management
http://www.adprop.com.au

This legislation is basically saying that anyone with an option to purchase a property in which they are paying rent for more than 6 months can ask for all their money back if they decide not to purchase. The contract is voidable!!! The vedor/owner however is locked into the contract if the purchaser does decide to buy!

I think this piece of…[Read more]

If you’re looking for something in SA, we’d be happy to talk with you. Please check out: creativerealestatesolutions.com.au.

We own 2 companies, one is a buyer’s agency and the other one is a property management company.

Investment Property Management
http://www.adprop.com.au

People seem to be very focused on the % of management. The whole picture should be looked at.
I think preparing a lease should be part of the letting and management! Is it possible to let and manage a property if they don’t prepare a lease? No! So why is there an extra charge for it? What does the letting fee actually involve if it does not…[Read more]

We run a buyer’s agency in SA

http://www.creativerealestatesolutions.com.au

Investment Property Management
http://www.adprop.com.au

Developers in area offering rental guarantees to investors as they know they can easily fill the properties.

Peter please be careful with these offers, developers don’t usually provide rental garantees because of confidence in the rental market, they provide them because they are trying to sell a property based on gross rental yield. If they…[Read more]