Buy one as quick as you can get finance, if that means that it’s before the first one settles then go for it!!!!

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

There is usually a “quieter” period around the Christmas/new year week. Less properties are put on the market and although the active investors are still eager, home owners tend to cool off a little bit as do open inspections etc.

It is more of a breather and house prices don’t tend to drop, it picks up again shortly after new year.

In a…[Read more]

Can’t talk specifically for the area that you are in, but generally middle of the range rentals are more sought after and easier to rent.

I suspect that the gross rental yield would be higher on a lower priced property vs an executive type property.

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

Hi Harrie,

Yes interest would be tax deductable for as long as the property is used as an investment property and rent will be a taxable income. You can also claim depreciation benefits and negative gearing benefits for that period too wich is more than likely to offset all income tax (in most cases in todays market).

Can’t answer the stamp duty…[Read more]

Originally posted by goals2gether:
It’s actually illegal for an agent to ask for advertising upon settlement – it should be paid up front. This is because the agent now has an interest in the property (the advertisement costs) and they may be seen to try to sell the property at a lower price because they want to make the sale and recover their…[Read more]

That is the most common misconception in the real estate market, that there actually exists “the right time to buy” if you wait for it you’ll always miss it!

Develop an investment strategy and find properties that suit that strategy, the market is always ready when you are!

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

You do not have an agreement with the agency to manage the property. The agreement is with the previous owner.

I would write a letter saying that you are taking over the tenancy management and to hand over the lease to you at settlement.

All the best [biggrin]

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

You are dealing in real estate on behalf on another party. You may need a buyer’s agent’s license.

Look into what they fines could be in obtaining a commission for property without a license. In SA, it is $20,000 per transaction made!!!

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

These contracts are very state-specific and tie in with all sorts of regulations and legislation relating to real estate law.

Not only are they state-specific but also property specific and specific to the vendor’s and purchasor’s individual circumstances.

Legislation can be very easily breached even if it is not intentional. Something as simple…[Read more]

Why would anyone in their right mind deliberately make the choice to invest in a vehicle that you have no control over and most importantly cannot leverage off???????

I replaced my income and retired at 33 using PROPERTY!, has anyone ever done that with super?

It’s more like investing in a rolls royce (always appreciates in value) or a car that…[Read more]

I am also a licensed agent [blush2] (but more so an investor [biggrin])

I think anything over $1000 is ridicilous! Don’t ever let an agent talk you into the big colourful display adds, you are just paying for them to promote their agency, not your property.

We’ve sold properties using signboards and classified ads in the newspapers describing…[Read more]

Yes I got this too [biggrin]

I like Rick Otton, he is a successful business man!
so what if he recieves kickbacks? If the product suits you buy it! If it dosen’t delete the email!

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

How about finding a motivated vendor or landlord and saying,

If I rent this house for 3 years and the rent covers your mortgage repayments, is there any reason why I can’t buy this home in the future?

If they have a problem with the sublet clause ensure them that you will be responsible for all payments to them even if your tenants…[Read more]

Do you mean a first right of refusal? This is very different to an option to purchase!!!

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

I like Rick Otton,
I have learned alot from him. Have never done wraps, but I do lease options as part of my property management services.

However, just like any other property guru, if you dont have a plan of where you are going then you will not implement his strategies and if you are not implementing what you are paying for then it’s a waste…[Read more]

My website is operational again, if you want to have a look at pm fees just as a comparison, please feel free to do so.

I only operate in SA otherwise I would have been happy to chat with you specifically about your property [biggrin]

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

Hi QL,

The % of gross rental that managers charge really does not mean anything in the scheme of things. Some managers charge for inspections and drawing up leases, this may end up costing more than someone who’s fees are 1% higher.

I know you are in QLD and I can’t really help out there but if you want a pm fee schedule to compare, please have…[Read more]

You also need to consider that the owners will not want to fix things on their properties if they are going to be demolished. That would be unfair for the tenant because if they are paying rent, they should have everthing in good working order!

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

We get a cleaner in for the common areas and students are only responsible for their rooms. Everyone does it different there are no set rules!

Jen, I;ve had over 20 emails come through asking for brochures [biggrin], I’m assuming my email is working for everyone else!

If it bounces back again, you can contact me through our…[Read more]

Fantastic!!! Thanks for sharing [biggrin]

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