I belong to the same investor group that Kim does, we now have over 200 members with 80 to 90 attending monthly meetings.

We are having difficulties finding a venue for the 13th and may have to look at alternative dates.

Please email me xenia@adprop.com.au if you want to be included on the distribution list to attend meetings. (no PMs, I may not…[Read more]

And good luck to all the oldbies too [biggrin]

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

Losing all brick and mortar assets and other material things does not mean you have lost everything. If you maintain the MINDSET that enabled you to accumulate those assets in the first place, you can do it again!

On the flip side, people with a poverty mentality will always lose everything even if they were given $10 million. This has been…[Read more]

We have a licensed buyers agency in SA and also a database of purchasers and the knowledge and expertise to analyse deals and turn them into real sales.

Feel free to email me with any good deals, we can use our license to pass them on to purchasers and pay the “spotters” a percent of our fees for the referal.

Investment Property…[Read more]

are you talking about people using the posts for advertising or newbes asking where the positive cash flow stuff are or how the “11 second solution” works?

What’s more annoying?

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

Originally posted by condog:
No. Not legally.

Why Not?

That’s the way we are set up at the moment, all accountants say it IS legal, are you talking about something state specific?

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

I haven’t used them for anything, they look like buyer’s agents.

Experienced buyer’s agents can save you alot of time and money. Most charge between 2.5 and 5% of the negotiated purchase price, now if they can negotiate at least a 2.5 to 5% reduction in the price of a property, their services are basically free!

I’m talking about buyer’s agents…[Read more]

How about just being loyal to the vendors???

One of the properties we had listed once had another agent trying to sell it a few weeks before us (unsuccessfully!)

At an open inspection, one of the potential purchasers informed us that the other agent told them that if they put in an offer $50,000 below what the vendor is hoping for, they would…[Read more]

You definately need to check with the council. In SA, you need to change land use to boarding house (from residential) for over 5 people residing in a property. Under 5 is OK, we keep all ours at 5 or less residents to comply with council legislation.

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

There are many investors out there accepting “finders fees” or “spotters fees” for properties that they are passing off or assigning to other investors. Yes it is done alot and it is not an issue until you get caught doing it!

Whether you are conducting a business or not, accepting a payment for a property transaction without a license is…[Read more]

Yes, loads of experience. We do this as part of our property management business. You can get information from my website or feel free to email me with anything specific. [biggrin]

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

To have a clue about what the words “investment property” mean!

I am an investor that had to get an agent’s license to do what I have always been doing. Before I got a license, I thought that I knew alot more about investing than the average agent. Now I’m absolutely sure of it!!!

The general consensus agent’s have is that investment properties…[Read more]

[confused2][confused2][confused2]

are you buying, selling, advertising? What is ltv?

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

Why am I not on there [biggrin]

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

The tenant needs to remain a tenant until they exercise their option to buy the property and become a home owner. Until then, they are under a residential lease agreement with an option to buy the property. Residential laws must prevail. If you mix the 2 you make things complcated for yourself.

Under no circumstances should the tenant ever be…[Read more]

looks like people on the somersoft forum are more on the ball in terms of this topic!

at least you got some responses there!!!

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

This is clearly “misleading and deceptive conduct” that falls under the trade practices act, section 52 I think!, so agent can be sued on those grounds!!!

However, you need to PROOVE that the misleading act has caused you financial loss and you can be compensated for that loss. If you were interstate and purchased the house “site unseen” based on…[Read more]

Well Amanda has pretty much summed it up but just incase you wanted more info check this out

http://www.adprop.com.au/cgi-bin/page.cgi?id=287 [biggrin]

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

Was the rent paid on time?
Apart from not formally informing you of the sublease, was there any other breach of contract on the lease?

Not a nice situation I know, but you cannot legally stop someone subleasing a property. The legislation states that they must have permission from the landlord to sublease but even if they don’t as long as rent is…[Read more]

Are you looking to buy some? If so we list ours on our web site, some coming soon (next few weeks). They are also scattered throughout realestate.com.au

There was also a similiar site for VF properties but can’t think now what it is!

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