Recent content by Ric1

I think Lotana's idea of investment in a property trust is a good one - I've had some excellent returns from investment in some commercial property syndicates over the last 12 months, averaging over 9%. However, be careful of those investing in office space - today's Australian Commercial...

Reply: 1.1.1 From: Ric1 . Landlord Insurance normally includes malicious damage by tenants. Not so normal is coverage against accidental damage by tenants. Make sure your policy includes this. Damage to your IP by fire would surely be covered by the building insurance, which is separate...

Reply: 3.1.1.1 From: Ric1 . Brian, Why don't you put the IP in both your names? That would get around the problem. Even 99%/1% would do the trick, if it becomes a tax issue. Ric

Reply: 1 From: Ric1 . Hi Denise, You don't. Your accountant does. cheers, Ric

From: Ric1 . Seeking some information here..... My mother-in-law died recently, leaving her house to be sold and the proceeds to be split between her son and her daughter (my wife). The will stipulates that her son has first option of buying the house, but my wife is not mentioned. If he...

Reply: 1 From: Ric1 . Jason, can you attach some bi-focals with your posts?!! Ric

Reply: 1.1.1.2.1 From: Ric1 . The cheap money (combined with poor share performance) will encourage investment in real estate now, but this may rebound on those with marginal servicing ability when the rates go up again, as inevitably they will a year or so down the track. Then, we may find...

Reply: 5 From: Ric1 . To take Jasmine's (ex-)agent's argument to its logical conclusion, if she and her 9 brothers went equal shares in a new property, they could expect $140 000 FHOG! Wow, way to go!! Ric

Reply: 1.1.1 From: Ric1 . Thanks Owen and Chris - and also those generous souls who emailed me privately with their electronic versions. It is very kind of you, and I am most grateful. A prime example of a great, co-operative forum! Ric

From: Ric1 . Hi Folks, Does anyone have a ready-made application form that you get prospective tenants to fill out, as a means of assessing their suitability as a tenant? I would be grateful to have a copy for a friend who has just re-furbished his first IP, and is ready to fill it...

Reply: 2.1 From: Ric1 . The best time to sell is never! Ric

Reply: 1.1.1 From: Ric1 . Hi Rolf, Another question, if I may: You wrote: "If you have signed a lease though which is to a management group that may make it a serviced apartment in which case some lenders get very uppity" Why? Thanks, Ric

Reply: 5.1.1.1.1 From: Ric1 . Running the words "Garry Compton" through the Google search engine makes for interesting research! Ric

Reply: 1.1.2.1.1 From: Ric1 . Didn't Geoff1 give up doing seminars so he make some REAL $$$ - doing property investment??!! Ric

Reply: 2.1.1.1.1.1 From: Ric1 . Hi Martin, Instead of paying P&I, why don't you pay IO, and the money you have saved on those repayments by not paying P&I you invest in a managed fund or some such, earning maybe 15%? If you are paying P&I, you are only effectively saving 6-7% (whatever your...