Forum Replies Created
Im out too [blush2]
what a waste of 10 years of university, please don’t breathe a word of this to my parents!!!!
Xenia Ioannou-Mena
Property Manager
Cash Flow Solution specialist
E: [email protected]
M. 0412 437 582Can you easily get back into your current job should it not work out?
I just took the plunge and did it, didn’t take much thinking, my husband kept working to bring in some extra money for 3 years.
We now are both full time investors, and have never looked back!what is the worst thing that can happen? To us, it was that we would have to go out and find a job again!!!
Xenia Ioannou-Mena
Property Manager
Cash Flow Solution specialist
E: [email protected]
M. 0412 437 582Gee! thanks everyone, I’m really blushing now[blush2]
Dazz, I think you have more than a toe in already!!
DLPP, we also have been trying to buy properties privately and I agree, it is quite funny dealing with all sorts of people in their own homes! The biggest problem facing us is vendors that think their house is worth $1million when the average for that area is $300,000!
Xenia Ioannou-Mena
Property Manager
Cash Flow Solution specialist
E: [email protected]
M. 0412 437 582Dazz, it’s been amended to $10million, come on! you knew what I meant! [biggrin]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Hi HM,
you have just described my life and relationship with my in laws too. [biggrin]
After having survived “such a large mortgage” for over 7 years, since I’ve been with my husband, they have come to accept that we are not about to go bankrupt tomorow! My brother in law is even now looking for an investment property, negative geared off course and he sourts the advice of the experts in the field…. real estate agents! but hey, its a start!!!!!
The problem is that these are poor people with a poor persons mentality, remember being rich is a state of mind and has nothing to do with money, rich person that has gone broke is still rich and a poor person that has won a $10 million lottery ticket, will always be poor unless there has been a shift in perception and thinking.
You are coming from a different mindset and you are unlikely to succeed in explaining what you are doing to people with a poor mindset. Just love them for who they are and talk about things that interest them, it’s the best that you can do!
Discuss investing matters with only investors!
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/check with the relevant authorities, in SA ants are the tenant’s problem and they can not use it to breach a lease agreement. Normal penalties due to breach apply if they do.
Some pests ie termites and cockroaches are the landlords problem and must be remedied by the landlord.
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/your business name could be the trustee company or trust or any other business trading name.
My business trades under the same name as my trustee co. so thats the name I use on my cards.
hope this helps
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/maybe someone should shoot the farmer!
sorry, don’t like that joke [angry2]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/I’m glad to be doing due diligence on houses and not on horses [biggrin][biggrin]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/sounds like a good deal to me!
ring the real estate institute in SA to find out about the correct forms.
who pays for advertising?We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Good on you Todd,
I’m glad your experience was a positive one [biggrin]We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/lisabellan, you look very familiar, have we met somewhere before!
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/I think there are faults in both the Jenman system and the conventional system and it’s different for each property. A friend of mine just called, she has a property on the market and has recieved 3 very different appraisals from RE agents, I recomended the absolute best techique to sell a property……
SELL IT PRIVATELY!
If you have to pay advertising fees, pay it directly to the newspapers. Jenman fees are just absolutely astronomical for a technique that only works in the eyes of its beholders but not in the real word.
If you don’t have time to sell privately, sell it to an investor like me![biggrin]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/where on RP data can you find owner names????????
I have asked this before!Can’t find them??????????[confused2]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Good on you John![biggrin]
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/The law can be interpreted in many different ways and it’s never really an issue unless someone refuses to pay or finds you accountable for something, then the law gets looked at.
It all depends on your risk profile, I feel safer to have a real estate license.
Hi Audrey [biggrin] all the best for the future
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/I agree with Simon, ever been asked for a 100 point ID, at least with the card you have some chance of carrying it in your wallet and not searching everywhere for passports and birth certificates!
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Here is the part of the land agent’s act that makes it illegal. I interpret this as meaning that you cannot act as an agent unless you are and if you are, you must be registered!
4—Meaning of agent(1) A person is an agent for the purposes of this Act if the person carries on a business that consists of or involves—
(a) selling or purchasing or otherwise dealing with land or businesses on behalf of others, or conducting negotiations for that purpose; or
(b) selling land or businesses on his or her own behalf, or conducting negotiations for that purpose.
(2) However, a person does not act as an agent in so far as—
(a) the person sells or purchases or otherwise deals with land or businesses on behalf of others, or conducts negotiations for that purpose, in the course of practice as a legal practitioner; or
(b) the person sells land or businesses, or conducts negotiations for that purpose, through the instrumentality of an agent; or
(c) the person engages in mortgage financing.
5—Commissioner to be responsible for administration of Act
The Commissioner is responsible, subject to the control and directions of the Minister, for the administration of this Act.
Part 2—Registration and management of agent’s business
6—Agents to be registered
(1) A person must not carry on business, or hold himself or herself out, as an agent unless registered under this Act.
Maximum penalty: $20 000.
(2) A person required by this Act to be registered as an agent is not entitled to commission or other consideration for services as an agent unless the person—
(a) is, at the time of rendering the services, registered as an agent; and
(b) is authorised, in writing, to act as an agent by the person for whom the services are rendered or a person authorised to act on behalf of that person.
(3) Any commission or other consideration paid or given to a person who is, under subsection (2), not entitled to it may be recovered from the person as a debt.
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/I’m with Michael, and I wouldnt accept anything less than a 10% deposit!
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Sounds like a great project. However, I would be looking to minimise risk as much as possible. Try:
1. Purchasing conditional to council approval, this means that you will not need to repay the dept until the project is approved. I would usually give them an extra 5% or so for accepting the condition.
2. Do it as a JV project, that way the risk and profits are split amongst different people.
What is your feasability in this? Forget the 11 second rubish, what you are trying to do here is rezoning and developing a business, this is not a weatherboard house in balarat bringing in passive income! [biggrin] Different ball game!!!!
You need a full feasability study showing areas of risk vs reward, like developers do, also I suspect the turnover of tenants will be alot higher and fall under different legislation to long term tenancies. all this needs to be planned before you even start.
hope this helps!
We buy properties in Adelaide. No Agent Fees.
[email protected]
INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/
