………and I know a few “sophisticated investors” who made alot of money out of the derivex products.

I’m not sure what the charges are all about and dont want to waste time looking into it, but I do know that asic exists to protect people from themselves!

Most of the population do not want to take responsibility for their own lives and always…[Read more]

A huge amount of time to me is more important than a sum of money.

I will call myself “rich” when I have time to do what I want to do with enough mony coming in from investments to support my lifestyle.

I gave up working for a salary at 33, I now run my own business and invest in property, again that is “work” that requires my time so not quite…[Read more]

I didn’t think you can “claim” losses inside a trust, that’s why they are not suited to negatively geared properties and are usually recomended for properties that make money!

Losses are carried forward but cannot be claimed! A comment from an accountant would be great

We have 5 shops in NZ owned by a NZ trust, it’s positively geared and we…[Read more]

Christies Beach is great as an investment.
The government now is threatening to abolish rent assistance in SA, that will effect rents in lower socioeconomic areas and I suspect rent arrears will be increased in those areas as a result. Both far North and far south areas may be effected.

I have a newsletter with the top 10 suburbs in Adelaide.…[Read more]

A fantastic property accountant in Adelaide is Dom Cosentino from Kennedy and co on greenhill Rd.

He will be speaking in April at the next adelaide investors meeting, come and listen to him before you make up your mind. Contact me xenia@adprop.com.au for details.

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

I can recomend the prosper group from NSW, they are defiantely not free but worth their weigh in gold.

When if comes to information, you get what you pay for, if you want it free you get cheap advice!

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

Trust Majic is one of the best books on trusts around. Well worth the $100 and will tell you things that are too out of the box for the average accountant!

Written by a creative accountant, property investor and fantastic guy too (he was featured in API a few issues back!).

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

Please be careful with land agent’s legislation in your state, know the laws.

It is not legal to ask for or accept a commission for any real estate transaction if you do not have a land agent’s license.

I know people do it and it is OK until you get caught (just like anything else that is illegal). The implications are paying back any money’s…[Read more]

anyone!!!!!

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

complaining to anyone is not proactive, it will not make an disorganised person more organised, it will just aggrevate them even more then you will be labelled as a difficult to deal with client.

You need to find another property manager, be part of the solution don’t add to the problem.

You should be recieving monthly statements of rental…[Read more]

100 to 120 properties is not unreasonable for a full time property manager as long as someone else in the office is taking care of the end of month landlord statements. If they are also doing trust accounting then 100 is too much!

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

Hi FL,
here is a link to some questions you should be asking, it is based on SA but you can adjust them to suit!

http://www.adprop.com.au/cgi-bin/page.cgi?id=288

Some things to keep in mind just from my own experience.
Cheap management fees do not mean that you are saving money!

We recently listed a property previously managed by a name brand…[Read more]

There are plenty more, the south of Adelaide offers some great investment potential.

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

Yes, I agree compared to other forums like somersoft which I believe have even more traffic than this site, this is definately painfully slow.

Any reason why??????

Also, it would be helpful to get a QUICK preview of what the post is about by running a cursor over it instead of having to click on it and waiting 10 years for it to load…[Read more]

As a property manager, one of the first things we do when taking on a property from a private landlord is PUT THE RENT UP!!!!

On average, private landlords under rent properties because:
1. they don’t have the means or knowledge to conduct a comparative market analysis of rentals in the area.

2. have not put the rent up for years!!!

One of the…[Read more]

Has she shown an interest in investing in property? If so, that’s a good start!!!

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

There is a section in the real estate legislation that states that in the even that a house is sold fraudulantly, the new purchaser would be protected as they purchased in good faith and the vendors only course of action would be against the person commiting the fraud.

This law has been around forever and that is why title references are checked…[Read more]

Hi Macca,

I think your question was answered in the first 2 posts. Richard Taylor is a mortgage broker and details displayed at the bottom of his post so you can get in contact with him directly.

A good mortgage broker does not have to live in the same city as you! All transactions are done by fax, email or phone regardless of whether the…[Read more]

Hi Intrinsic,

Wrap around mortgages as in getting a tenant to pay inflated interest rates on the purchase of a house, council rates and all home ownership expenses but not allowing the title to transfer to them for 25 years, is highly illegal in SA. This is just one form of vendor finance.

another form is having the title transfer in a 6 week…[Read more]

Originally posted by Terryw:
I have 101 and the kids one. Hven’t played them much because of the time it takes, and lack of willing partners. They are pretty expensive games and are very americanised.

Terryw
Discover Home Loans
Terry@discoverhomeloans.com.au
Send an email to get my newsletter.

Funny about that Terry since they were created by…[Read more]