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Good on her for trying to build wealth beyond her future inheritance but she doesnt qualify as a 'property expert' in my books. Maybe in a few years. I suspect her business may satisfy a niche for other 'trust fund kids' looking to build their own empire with a bit of family assistance.

I cant see the problem, if i was the tenant it wouldnt bother me, why not ask them?

Just call him and tell him you dont need him anymore. This will go no where and he will get over it.

I am hoping i won't have and won't need a job by 2025. :D

Remove the powerpoints from all bedrooms. That will fix those nasty tenants! :rolleyes:

The unfortunate part about estate sales is the emotion is removed from the process. If the offer is above the valuation they sell, if not they dont accept. Only option is to wait and see if they get any other offers over the next few weeks. If not, they may be prepared to lower their asking...

Property is a big industry, you might want to be more specific with your selection: - property management - property leasing - development - financing - sales Need to consider where you want to go with your career.

Any investment with the main selling point being the tax benefit is of concern to me. If your focus is to reduce your tax it might be a good investment. If your focus is to maximise your wealth then maybe not.

As a salary and wage earner there are limited options for you to reduce your tax. With your investment properties just follow the standard route of ensuring you are claiming depreciation and consider if prepaying interest is of benefit. Accountants are not magicians that can make tax...

Thanks guys - just the answer i was hoping for. This credit card will be exclusively for IP costs.

I have a credit card that i have not used in the last year, it has a zero balance. I am about to renovate my new IP and was hoping to used this credit card for a few of the purchases at Bunnings and other suppliers and then pay the balance at the end of the month with my loan linked to the...

I think you have identified a clear difference in the mindset of a serious investor and the average joe. They only see one side of the balance sheet and make a quick assumption about your wealth. Quite a few people here including myself use a strategy of using the equity we have and spreading...

Surely it is a typo. I love the first/only comment

I agree with this.

Is this a widely marketed product or have you been offered the opportunity from a friend? How will the developer profit from this? Developer fee or equity or both? Do they have a proven record in this type of development and ownership model? Why arent they funding it themselves? I...

Prepare your own DCF based on expected development cost, sales value and apropriate timing after allowing for you self determined developer margin. This is what the developer will be doing.

Why not make up a memorandum of understanding which sets out some basic intent for all owners. Ultimately you may get screwed but if all agree to the basic terms and go forward with the same understanding you are less likely to get surprises later on. The MOU obviously isnt binding but is a...

I think this is a great summary of the past 5 pages of discussion.

What is the MRS zoning, what is the local zoning?

Legally this money must still be declared, but i agree many people will do this.