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I agree with Michael.
In SA, you must be a registered land agent to legally act on behalf of others for the purpose of negotiations dealing with land.
Anyone flipping properties without a license is not entitled to a commission and may be fined $20,000 per transactions.
You need to become familiar with the legislation in your state.
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/[biggrin] Love it!
My dad’s famous words for EVERYONE I ever introduced him to were:
“You Can Do Better!”
He finally accepted the one I chose to marry! (Only just!)
[biggrin][biggrin][biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/There are about 8 of them in the yellow pages. Try interviewing them before you sign anything.
Because of the land agent’s legislation in SA, ALL buyers agents have to be licensed real estate agents. I think it’s a bit of a limitation in the system as some just refer you to their listings.
An alterior way is to find professional investors that have excess properties they might want to assign to other people for an assignment fee. The land agents act also applies to this one.
If you send me an email (no private messages please as I might not log in to see them for a few days), I might be able to give you some names.
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/anyone????
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Make sure the agency agreement is cancelled in writing!
Check the agreement to make sure that the agent has no recourse at a later date for claiming full commissions for not selling the property. If he is a fool he is likley to act like one!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Jindou, send me an email and I will forward all the info you need.
Thanks Simon, will do [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Hi all, thanks for your input,
Ben, I will definately look at the sites you recomended, need to know all the cost to determine the rent [blush2]To be honest, this project started out as a renovation in order to increase the equity we had in this particular property, it kind of turned into a student accomodation somewhere during the very short reno project, didnt give us much time to think [cigar][confused2]
But, we’ll get there! At least I will be able to answer questions for the next person thinking of doing this [biggrin]
A
We buy properties in Adelaide. No Agent Fees.
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http://www.renttoownau.com/ http://www.vendorfinanceau.com/Great theory, but it goes beyond the cellular level, I would describe aging as a total systemic process!
How do you reduce the speed of that!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/LOL[confused2][biggrin]
BDM, I agree with the others that the worst thing you could do is tell an agent that this is NOT your best offer, if he had accepted your offer he would have had to recomend to the vendor to reject the offer as this is only to start negotiations.
He is under fiduciary responsibility to the vendor to present all written offers, but you just told him that this one is a wast of time! So I can see why he didn’t present it!
I would increase the offer, present to the agent and tell him that this is what you are prepared to pay, make it attractive, ie larger deposit, get rid to the cooling off period etc and show that you are compensating in other ways for the lower price.
With regards to buying it from the vendor, the time for the agency agreement should have lapsed, the vendor must cancel the agreement in WRITING after the end of the agreed term (usually 90 days), then check with the agency agreement to see if the agent is to be paid anything after cancellation. They are not all the same!
Hope this helps, please keep us up to date with this one, it’s very interesting [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/It might have been me that sent you the info, if you want to send me an email, I would be happy to resend you the forms.
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/The Northern suburbs have experienced alot of capital appreciation in the past years, as Westan has already pointed out.
I have never invested there, but have heard that tenants can be a bit more of a problem the more North you go.
I personally like the Western suburbs, they are also affordable, the retuns are not as high just straight off the bat, but I like to manufacture cashflow using lease options.
Hope this helps.
thanks fast lane!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Just very broadly, tites are exchanged at the land titles office on settlement day. At this point all mortgages are discharged and paid out and new mortgages are registered on the title to the new owner.
If you are interested, why don’t you go down to the land tiles office on Grenfell st and watch a settlement happen?
They are busiest on Fridays!!!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/I have rick’s but have not compared it to others
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/tell them you are an investor with unlimited finance!
Price dosent matter you are looking for a value add or high returning property!We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/It even works for those who havent even read the book!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/just gave it a try too, its still there!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/PS Glad to see I’m not the only one on this forum adicted to reading! [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Thanks for the complements re-API, have to be honest, when they first rang and asked if we wanted to be in it, I told them that I would refer them to other investors I know who have done alot more.
We have alot of things in the pipelines but not much really completed, the journalist, Shane McNally did a great job in writing it up so that ithe profile actually complements what has been achieved to date (instead of focusing on what we yet need to do, which is our attitude at the moment!)
I guess, sometimes you just have to stop and celebrate even the small successes in life [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Gross, thanks for the input, I will make some enquiries about going straight to the environment court next time.
We are going to schedule an abitration meeting wth the council at the envir court this time.Thanks Alistaire, we have some names, but the more solicitors we talk with, the better!
Yep, guess, I’m now in the development club [comp]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Hi spook,
what is L/O and what is SMCB?We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/
