I tried to read most of this. If your accountant is trying to push you into property, particularly new property, perhaps you should consider a new accountant or respectfully decline and ask them to stick to accounting.

I would not touch an Apartment in CBD Melbourne or student accommodation.

Cheers Ivan

Cheers Ivan

You will need to engage a lawyer to review the contract and determine based on the relevant clause if the developer will allow you to sell prior to settlement and who keeps the profit – you or the developer. Some of these contracts are quite cunning in this regard.

There will be a nomination involved which the lawyer will provide legal…[Read more]

ha

Cheers Ivan

Good luck firstly with your new year resolution :)

Firstly you will need to be qualified and generally will need to be mentored for 2 years, even with 2 years of experience overseas. You can join FBAA with a Cert IV

1) How should i start out?
a) go out on my own and find my way
b) start working for somoneelse, get the knowledge then…[Read more]

OTP and a completion in 2019 is worrying, in any city – however when its in perth its more of a concern.

Cheers Ivan

I don’t think anyone could answer your questions without a detailed analysis of your objectives, current super balance and investment strategy. If investing in Super – this will be Financial advice. In saying that, an analysis of your current assets and liabilities outside super as well as your borrowing capacity inside super – for instance…[Read more]

You as a Aussie can obtain a loan in the US.

Matters have relaxed in recent years and I just hope you focus on due diligence before investing.

I’m in the states this friday for 2 weeks rekindling and investigating my chess moves in the states. Things have changed, the economy has rebounded, defaults have expired and house prices have…[Read more]

Unfortunately you will be up for a last minute surprise. A FP will most likely charge between $1k and I have seen $3k for this sign off. Legally, it can be interpreted as credit advice, so good FP will most likely be reluctant to sign off. You can try ringing around, but expect push back, as the legalities around this are becoming…[Read more]

Depends on currency. NR loans have changed significantly and personally I let my chinese speaking staff deal with these, fact of the matter is the banks have finally decided to stop allowing deals to come in with falsified payslips from china. They turned off the tap. As a result, many chinese investors have now been left at settlement with…[Read more]

There will not be a set fee a accountant charges. Generally the fee will depend on time taken and of course the structure used and the number of properties involved. Generally, the accountant won’t tell you the fee upfront, but if you are feeling you are not getting bang for your buck, then challenge the accountant or as your doing…[Read more]

Cheers Ivan

we have two sites at the moment and one took 12 months to get planning approval and one the second the council rejected after advertising (with no objection) for some unknown reason. This is Noble PArk we we have done 20 plus developments – this is repeated everywhere.

I am now getting sick of it and like most…[Read more]

Was in Japan for a couple of weeks early this month, I’ll have a read and genuinely cannot see where Japan will grow……pretty dire over there in all the cities i visited.

Cheers Ivan

Cheers Ivan

Cheers Ivan

Cheers

Cheers Ivan

Consideration include the size of the block – the suburb – the cost – town planning regs amongst fifty other considerations….

Cheers Ivan

I do quite a bit in the area and grew up around the corner.

These are a little pricey in my opinion.

No concern with OTP TH in Noble Park (at the right price) and they generally value up given the strong performance of the market with a key focus on first home buyers.

Positive is that skyrail takes away the railway crossing at…[Read more]

Buying a block of land should be cheap, me i’d go for a…[Read more]

Cheers Ivan

First thing is take your time, your super is your retirement so this is a time to assess your future. If you have chosen property as your destiny – then chat to an accountant re the risks and benefits of a smsf. If it is not right for you – you will…[Read more]

Familiar story,,, a financi…[Read more]

Cheers Ivan

Cheers Ivan

If you live in regional VIC try looking at areas of Melb – do some research on this forum and propertychat and read peoples perspectives/ experiences, quite simply if you have time to educate yourself, you will be more informed to make your decision if you actually need a BA.

Cheers Ivan

Cheers Ivan

Cheers Ivan

Firstly so sorry to hear about your experience. As you know, the mortgage broker should not be recommending property. Yes, property is such a unregulated minefield, however, there are so many brokers/ solicitors out there getting people into a off the plan property and taking a cut on the side. They should only be structuring your loan…[Read more]

Cheers Ivan

See how you go.

Don’t let them sell sell sell, ask questions, what value will they provide…

Cheers Ivan

I have copied the post from PC

The value of the offset account is underrated, particularly with a high balance fund with cash in the fund at settlement, this can quickly turn your property into positive gearing by reducing your loan interest. Powerful calculation in my opinion.

From the list you have provided (which captures all), each…[Read more]

Cheers

No offence but in posting this – do you have an association with them? if yes, I think you should disclose this, its unusual for you to pop open a thread with a post like this? please take this constructively.

My firm has been sourcing finance for US property purchases for over two years without issue. A number of…[Read more]

Cheers Ivan

Cheers Ivan

They have no capital growth and yes a high yield but you need both to have a successful investment. You may also have issues financing the investment as most lenders donot like the security. Never seen one that is a success most like student accommodation. Cheers Ivan