Recent content by eddie

G'Day - I'm considering investing in property development syndicates. Lets say we are delaing with a developer or a group who need outside investors besides bank finance. My problem is one of "how can I trust what they tell me in terms of the final results. At the end of the development...

whats an LOA ???

Land tax WA g'day; I thought you only had to pay land tax in wa if you had a block and did'nt have to pay it if there was a dwelling on it???

Hi all; A niece of mine wants to purchase her own home. She is single and has no kids and she is not currently in any relationship. Her parents could help with money but the are reluctant to give/help her with any money as the parents are concerned about loosing what ever they give her...

Sorry I didnt go into that Monopoly. the 150k LOC is for an investment in a development. thanks for your help

G'day Our PPR is paid for, we have LOC on it for 150k. THe LOC is in my wifes name and we anticipate she will be able to claim all the interest paid; back on her tax return. In the meantime what would you suggest we do with 40-50k? leaving in the bank in a deposit account is slowly...

Victim mentality I gotta take issue with some of the comments in this thread about people with a "victum mentatility" When a battler who is not finanicaly informed and educated makes good they are a success story that "anyone can emulate", (which; according the personal development guru's...

Perth Investors Otto; There is an existing property group in Perth. Talk to Tracy at Loancom in Claremont. will send contacts if I can find them. eddie

Legals bean counters and wrappers calcualtors and excell When I read these sorts of posts where people get different results when doing money type calcuations I realise that sometimes even mathmatics is not an exact science. What worries me is what happens if you use one of these formuals or...

A cheer for the NEVER SELL Brigade For those who WA. I brought a block in Dunsbrough in 1971 for $1,170.00. Sold it for $10K later and thought id made a fortune. used the money to buy a car ( save on interest you see) and put the rest back into a block in Vasse which did nothing. Could...

title mix up I'm sorry but I seem to have made this same mistake but I dont know why. I know that dosent sound right but our house was in my name. (when my wife and I got together she had very little and I owned a house) and in recent times I have put my wife on the title in joint names. I...

Loc Karen; I got one from west pac but the interest capitalises and now it's starting to really ramp up. Watch out for these in the respect that if you fall behind they make you come with the payments and if you dont they call it in to be paid within 30 and if you cant you've lost your...

Blocks in Perth Thanks for that kp. Could you please expand a little on how the flip is done? Presumably the investor adverties for a buyer and then settles with the new buyer immediately following settlement with the developer, is that right? Sorry this seems to be dumb stuff but small...

G'day; I read where developers are trying to stop speculators from soaking up blocks in new developments in Perth. With the cost of stamp duty when the buy or sell whichever it is; how do the speculators do it?? Do they sell before they settle? If so how do they do that?? would love to...

An owner has a property they want sell by to rent to own. A tenant wants to pay half the price of the house at the start, dont know why, not the issue anyway. The owner wants to hide this money from the former partner until the owner get the OK from the family court to rent or sell the...