Just goes to prove, YOU ALWAYS GET WHAT YOUR MIND IS FOCUSED ON which may not be exactly what you want [biggrin]

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

I also agree, a skilled real estate agent can certainly negotiate a better price, the trick is to find one. Below is a real scenario of a private sale we did a few years ago, a commercial property in Adelaide.

Agent’s appraisal $800 to 850,000
Agent’s commission $25,000
Advertising $5000 (sign on top of the roof cost $1500)

We had it with an…[Read more]

I can’t believe that [blink]

You must be quite offey with the search process but what about people who have no idea how to do them? Like pensioners who don’t even have access to the internet.

That is very bizzare to me, you are doing the agents job!!!!

Now as you said, the agent’s job is just to find the purchaser, would you still need to pay…[Read more]

Definately not the clothes Jen [biggrin]

How about a creative cash flow strategy like leasing with an option to purchase. It enables you to trade a property and make some profit while enjoying cash flow in the mean time. Great way to get started into property.

I have more of a description on my website and some free downloads. Or please me at…[Read more]

I can only speak for SA legislation but it is not legal for anyone to pay or revieve ANY commissions related to property without a license.

We are licensed and pay referral fees to people that bring us deals (spottors fees), because of the legislation in SA, we cannot pay anyone cash if they do not also have a license.

Gift vouchers are…[Read more]

Can the solicitor prepare all the paperwork?
The role of a real estate agent is to find a buyer, if you already have one, you’ve already done the work [biggrin]

Get the solicitor to prepare all the searches and settle the deal and your done!!!

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

I did some courses at the REI in SA to get an agent’s license (need it for property management) one of the things they mentioned at one of the sales training courses is to always insist on a 10% deposit from the purchaser (although it is not written anywhere in the legislation).

The rationale behind it was that it is enough to cover the agents…[Read more]

I really don’t care what my accountants, solicitors or finance advisors charge. I’m willing to pay well for good service and then some. As far as I’m concerned, if they help me grow my business and portfolio from year to year, they deserve a cut of those profits that could not have been made without them.

When looking for an accountant, price is…[Read more]

Even that is not legal in SA and the agent offering the 20% commission can get into trouble.
It is a breach of the land agents act, section 4 I believe!

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

A qulification could just mean that they are working for a paycheck and if they are you only need advice from these people if you want to be like them.

I would be looking for someone who has experience in properties and derives most of their income from investing rather than working in a job. [biggrin]

Joining property groups is also a good…[Read more]

You manufacture positive cash flow in one property using creative strategies, then use that to offset a negative cash flow property while you are waiting for capital appreciation.

There you go…. Easy!!!!! [biggrin]

I have a brochure of a few creative ideas that may be useful, email me if you want a copy, or you can download it from my…[Read more]

Which is actually illegal under the land agents legislation (in SA)
maximum penalty is $20,000 per property that has been “spotted” and fliped on without the relevant licensing!!!

just thought I might throw that in.

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

Typicllay, you would negotiate the terms of the option ie strike price, time frame and option consideration payable. It needs to be favourable to purchaser and seller. Then as Terry said, it is best drawn up by a solicitor.

Once terms are negotiated, drafting up the actual option contract should be easy to do [biggrin]

Investment Property…[Read more]

In most cases, it’s a standard contract you can get from your solicitor or conveyancor [biggrin]

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

How about sourcing properties for investors and managing them?

It’s just an extension of what investors do already so dosent require that much more effort [biggrin]

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

Hi Paul,

You can get most of that infor from council web sites. The challenge is not what supermarkets are built (OK to do this research for rural areas) but to find a subdividable property with enough profit in it.

Risk vs Reward calculations for individual properties in a big city are more important than what the council is planning. If…[Read more]

LOVE IT [biggrin]

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

sorry to hear that cata!
Families breaking up is just so sad! Hope you get through it OK!!!

Yes we bought an investment property in last 90 days, had it renovated and put it back on the market today!!!

If I could upload pictures I would. It looks fantastic!!! Even the old owners came to have a look and they couldn’t recognise it

Investment…[Read more]

I use prosper group from Sydney (I live in Adelaide). I have face to face contact with them every couple of months (he flies down to Adelaide). Everything else is by email or phone!

They are very switched on property advisors that don’t sell shares! More of a sophisticated investor level.

Contact Chris White:…[Read more]

I like seminar presenters who are honest and open.

I went to a seminar recently where the presenters showed their portfolio, what they purchased, what thy spent and what they did with it.

It wasn’t an overly huge portfolio (under $10 million), but it was large enough to show experience and most importantly honesty!

and I know they were being…[Read more]