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Reply: 1 From: Greg Mowat Crystal, I use direct debits in my transactions. Admittedly this is for weekly wrap payments rather than rent but money is money. The cost depends on the bank &/or account. NAB for example wanted to charge $5 per direct debit so the client just swapped banks...

Reply: 1 From: Greg Mowat Fernando, If you're already an experienced property investor why not just try varying your strategy somewhat. If your concern is yield and/or capital growth why not wrap a property or two hence locking in both factors. Being in business for myself unless you are...

Reply: 2 From: Greg Mowat Ken, I use a broker in Brisbane who'll come to you and give you all the info and alternatives. We've bought 3 properties using them in the last 12 months. E-mail me directly if you'd like their info Cheers, Greg

Reply: 1.1.1 From: Greg Mowat I've sold a property privately and it's really a piece of cake. Most of the risk is on the buyers side and it is their due-diligence (within reason of course and you can't be misleading) However it always reminded me of a US movie I watched 10-15 years ago...

Reply: 1 From: Greg Mowat James, If you want to invest in Buderim it has had reasonable growth (14.29% according to Residex) but the Sunshine Coast has very high unemployment which is limiting migration to the area. Buderim itself has some great buys at under $100k but isn't an affluent...

Reply: 2 From: Greg Mowat Definitely talk to your accountant but as always there are specialists. Compliance costs vary according to the type of fund you setup and the trust document you use to do so plus various other factors. We've had ours for two years and compliance has cost me $175pa...

From: Greg Mowat I thought this may be of interest to some. While I don't discourage superannuation I found this very interesting. My wife received the following statement from her Super fund on 2002 performance. This is why we've created a self managed super-fund. Growth (before CPI) Cash...

Reply: 1 From: Greg Mowat Although we haven't had to evict our wrappee yet the research we did in advance concluded two realistic probabilities. From my conversations with several people who have had to evict they all said similar stories. It comes down to how you conduct the eviction...

From: Greg Mowat I have a question on Insurance for units. Before I go ringing brokers for quotes advise I'd just like to know what I'm talking about and looking for. The property has two functions either Holiday rental or standard longterm rental (I'm leaning toward longterm just for...

Miakat's Tail.... Reply: 1.1.1.1.1.1.1.1.1.1.1.2.1 From: Greg Mowat Well done, The inspiration in these stories is great Keep investing Greg

Reply: 2 From: Greg Mowat See Change We just renovated a place on the Sunshine Coast Qld and had the same delema - old yellow/green carpet. We stripped it out and laid the floating floorboards - looks great. the trick with the edging (because you need to leave a gap for movement) is to...

From: Greg Mowat I just noted both negative and positive comments about Melbourne and Sydney freestylers meetings and wanted to put in my 2c worth. I went to Brisbane Freestylers last night for the first time ever. There wasn't a formal speaker as such but the meeting was chaired in a...

Reply: 1.1.1.1.2.1.1.1.1 From: Greg Mowat Consumer Credit Code says so in Vic. This is to stop scammers and protect the wrappee. Do you think you'd do many wraps if the wrappee was in a position where they've been in a place for 10-15years paid you $100-150k in principle and interest. then...

From: Greg Mowat Has anybody set up a calculator/spreadsheet to calculate the Cash on Cash return on a property. I've started to do this for my properties but I don't want to miss anything. I want to use this to give me a true picture of my properties performance for what I have personally...

Reply: 1.1.1.1.2.1 From: Greg Mowat Khurran, Maybe the best way to explain it is with some numbers. We recently wrapped a place in S/East Suburb of Melb. Bought if for 114000 would rent for $165 on 100% finance. After rates, insurance etc would be negatively geared by $10/wk Sold it in a...

Reply: 1.1.1.2 From: Greg Mowat Just a question on a trust with an Aust. Co. as trustee. If you're a director and shareholder of that Co. does that put the trust at risk in any way? thanks Greg

Reply: 1 From: Greg Mowat Glenn, We recently just placed a small classified ad in the local paper with their real estate section. Town, 4bdr, 1bath, MUST SELL, No bank Application, Vendor Finance, FHOG $147,000 Call ### ### ### Cost us $18.30. We had 78 people call, many of which also...