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Xenia
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June 14, 2007 - 10:36 am
You can claim property investing seminars if you own an investment property.
No idea about others, could you argue that you are doing a university commerce degree to learn about trusts for the benefits of your own investing?
Xenia
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June 10, 2007 - 11:24 am
Are they in Australia?
Xenia
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June 10, 2007 - 11:20 am
No idea what malvern is or who hamton are, but paying over half a million for a 2Br off the plan appartment is more of a retail transaction than a true investment strategy.
What do you hope it will achieve?
Xenia
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June 10, 2007 - 11:15 am
I too attend courses, read books and listen to CDs on a daily basis. If you are focused on being a successful investor thats what you'll be.
These courses are neither good nor bad but just a metaphore for what is happening in your own world at the moment. If you do not have a plan and take no action then you will get nothing out of them.
There have been many cases where I have listened to the same CD's in my car on different occasions and have had different ideas come up in my own head depending on what investing strategy I was using at the time.
Whether you see an invaluable resource in jacobies courses or whether you see a waste of money is totally up to you and what you plan to do with the information offered. Remember, a gym membership is a waste of money for most people but that dosent mean that it dosent have the capacity to make you fit and healthy!
Xenia
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June 9, 2007 - 12:40 pm
I don't worry about money now! So I will just continue to do what I'm doing
Xenia
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June 8, 2007 - 12:31 pm
One of our business associates Chris White from the prosper group is a registered buyers agent in NSW. Worth talking to him at least. His email is [email protected]
Xenia
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June 5, 2007 - 1:57 pm
The trustee is there to take the blame not to recieve money! That;s why people use companies as trustees because they are disposable. Why would you have agreed to be a trustee on a trust?
Not sure how caveats will go, you need to have an "interest" in the properties, ie a second mortgage secured against the title. I know that RE agents often get themselves into alot of trouble becasue they attempt to place caveats on properties for commissions owning to them by vendors. The courts see the owing commissions as a breach of contract not an interest in the property. Your situation may be the same???
You need to get some legal advice!
Xenia
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June 3, 2007 - 1:11 am
Why would she have any interest to claim against if she is not taking out the loan?
Xenia
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June 3, 2007 - 1:09 am
Great!
Now why did you post that information?
Xenia
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June 3, 2007 - 1:06 am
If you are not in a hurry for one, I can email you the template that we use and you can change it to suit your specific needs. Please send me an email [email protected] (no private messages, I may not see them) and I can attach one for you.
Xenia
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June 3, 2007 - 1:01 am
We have managed to do 10 day settlements in the past. There is no formula, if you are cashed up and not relying on finance then you need to ask how long it would take the vendor's bank to discharge mortgages etc. Some banks are better than others.
If you are dealing with perpertual trustees as the mortgagor, forget quick settlements, their processes are very long and convoluted. We try to avoid dealing with them where possible!
Xenia
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June 2, 2007 - 2:19 pm
What was the carey case?
Xenia
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June 2, 2007 - 1:10 am
crashy wrote:
I know ZERO about subdividing, and have wondered if it would be easier than my current hard slog known as renos. how profitable is it? how long does it take? how much does it cost? I know there are min land areas / frontage requirements depending on the council. Is subdividing the next step after graduating from reno school?
Takes around 3 months
Costs around $15000 (depending on where you are)
Profitablity depends on your own skills.
Xenia
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June 2, 2007 - 1:07 am
What impact would it have on your lifestyle?
Personally, the only things I pick up during a renovation is a pen and mobile phone If you use other peoples time, you can be doing multiples at once, your strategy can only do one at a time with a huge impact on lifestyle.
Trusts are better entities to buy renos in than are companies, but it would take too long to go into reasons. You need advice from your accountant.
Xenia
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June 2, 2007 - 1:02 am
Yes, did it once and found that it was not worth the time and effort. The real estate market is a metaphore for what is happening in your own mind. If you are positive and focused you should be able to find opportunities in your own back yard which require less time and effort. You should not have to look overseas!
I now just focus on Australia (and only Adelaide).
Xenia
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June 1, 2007 - 1:21 pm
Businesses are about survival of the fittest not rolling over and dying because an economic, climate or other condition is posing a challenge.
If they dont change business models or plans to suit the current conditons then they won't survive.
The ones that evolve to the changes will survive and take on business from ones that went under. Happens in every business all the time. Including the property market. You need to know what changes are coming and be prepared to take action and make some changes to your own strategies.
Xenia
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June 1, 2007 - 12:26 pm
There you go! I thought we were the only ones in SA. Great to see another licensed agent focus on finding properties for investors instead of the high volume, high commission sales that most others tend to focus on. Being a buyer's agent is certainly much harder work, more skill involved and definately more rewarding.
All the best Simon!
Xenia
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June 1, 2007 - 12:21 pm
That's more like negligence than wear and tear. You can claim it against their bond or ask them to repaint. It would need to come down to keeping good records. Do you have an origninal condition report signed by the tenants showing the condition of the walls at begining of tenancy? If you have specified that nothing was to put on the walls in the lease, this would give you a stronger case. Without proper documentation you can give it a go and the tribunal can rule it either way.
Xenia
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May 31, 2007 - 12:51 pm
A great one in SA QLD is Chris White from Prosper Group email him at [email protected] (please mention that Xenia sent you!). He specialises in both commercial and residential property, is a very skilled negotiator and most importantly he is a sophisticated investor. (ie has a property portfolio that keeps growing not just a few negatively geared properties). Very worth even having a chat with.
Xenia
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May 31, 2007 - 12:45 pm
All you need is a one page letter of offer. Get your conveyancor to draw one up the first time then use it over and over.