Show 23 - Syndicate property investing and beware of building contracts
1 – Press hard – three copies!
There are many issues you need to be aware of before putting your signature on the dotted line of a building contract. Beware the builder who urges you by saying things like, “It’s just a standard contract, I’ve never had any problems with it”. Rob Balanda from MBA Lawyers has some suggestions for you.
2 - Investing through a syndicate
More investors are considering Syndicate Investing which allows part ownership of larger investments – typically commercial or industrial. What are the considerations apart from the obvious – income, agreements and exit strategies. What are the traps? We talk to Ben Grootemaat from Engage Capital - an expert - and highlight some points that are important for you to consider when looking at investing via a syndicate.
3 - Have a look at Pt Augusta
This week Terry Ryder takes us to South Australia which he says is set to become the next state to benefit from mining. Hear why he thinks South Australia is worth another look if you want to invest in property. It is affordable and the returns are good as well.
4 - You might be worse off than last year but the end is in sight.
Many homeowners may be surprised to find that they are in a worse mortgage situation than last year. That's because as national house prices fall some borrowers are saddled with higher loan-to-value-ratios. Damian Smith explains. Louis Christopher from SQM Research outlines why he thinks we might be at the bottom of the cycle.
5 - A license to harvest solar?
With more people switching to solar and selling to the power companies, there is a lot of competition for the sun’s rays. Will this lead to congestion, overcrowding or even worse could we be facing the possibility that we will have to buy a license or pay a tax to collect power. They were able to charge us for carbon emissions, why not a tax to collect solar energy? Carolyn Boyd has some thoughts on that.
6 - Where did the dishwasher come from?
Carmel has a great question for Shannon Davis from Image Property Management this week. Imagine her horror when the prop manager called to say that the new tenants had moved in but that she would have to replace the dishwasher that was no longer working. But hold on a minute - the unit doesn’t have a dishwasher. The last tenants left it behind. So who owns it and who has to replace it?
