Hi Willi

Re extended settlement. This has been done before particularly in a rapid market also the same concept but doing part of the reno prior to settlement to increase the MV. Both same concept. Risky as you have exchange contracts without the money.

I have done variation to ensure the best deal from the lender in that I had alternate source…[Read more]

Hi Andrew

The problem I refer to is associated with the tenant protection as per the landlords act

Dear Ad & Steve,

While it is not unlawful to use a Lease-Option Agreement in Qld.,you cannot however contract outside the law and have the tenant pay all outgoings as it breaches the residential tenancy act of Queensland. I suggest then that you…[Read more]

Hi AD

I note from other posts that there is a problem with wrapping in QLd. How will that effect your strategy in wrapping. By the way I have never wrapped and simply buy and hold.

Cheers

ANdreas

Hi DA

Why aren’t they all for buy and hold if they return 10% gross?

Cheers

ziz

Hi Wei

I would have thought that the lease info was part of the sale document or certainly part of the contract of sale.

I have never had any problems obtaining all the relevent info re a property even before I have indicated an interest in it.

You mention that you inform the agent of your intentions.Maybe this is the problem in this particular…[Read more]

Hi All

With all things taxation ‘you can claim anything’ and it may not be picked up on your tax return that it is not a permitted item but for 5-7 years the department can revisit this return and question any item.

So just because you managed to claim something does not qualify an item as a valid claim.

In relation to claims anytime my believe…[Read more]

I would agree with Felicity and say there are many ways to achieve longer term goals.

Personally I am a conservative investor and like Felicity and husband we were in a financially good position back in 1985 and bought our first investment property. This property was negatively geared in that we were paying 14% interest and returning 11% gross.…[Read more]