The mortgagee or the lender holds the right to the sale of a property if the borrower does not fulfil his end of the mortgage commitment. Of course, this does not happen unless the mortgage default is severe or the borrower is in no position to pay back the debt. Such type of sale is called mortgagee sale. It is also called Foreclosure sale.
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Understanding Capital Improvements Deductions
When you come across a statistic which claims that $17.5 billion is resting unclaimed in the coffers of the ATO, you begin to ask yourself, “What’s on the investors’ mind?” The fact that our average claim is close to a meagre $3,000 does not help the matters any either. And to think, we fool ourselves into thinking we are a country with scholarly grasp over investment routines. Funny!
Where Do Many Property Investors Err?
There are innumerable (I am taking literary liberty) property investors in Australia but how many of them manage to get their portfolio past 2 properties. And if they fail, what might be the reason for their failure?
What To Look For in a Dream Investment Property
The debate centred on the “ideal investment property” can go on endlessly. There are many schools of thoughts regarding what makes for a property investment safe haven. Here are 5 components around which there is a consensus in the expert fraternity.
Should You Use Your SMSF To Buy Property?
Today, with Self-managed Super fund becoming the backbone of the $1.8 trillion Australian Super industry, there is no dearth of people borrowing against their SMSF to buy properties. So is it a good sign you may ask? There is not much harm in doing so unless you are going overboard….
What We Can Learn From The Block
I think a lot of things can go wrong with home renovation projects if you have “buy, renovate and sell” on mind. A lot many times, we overcapitalise on renovations and from that point on it is a downward spiral unless we meet a very generous buyer who still hands us out a decent profit. When you have renovation in mind, aim to buy the property at a reasonable price. Not many who bought at a high sticker and went through an elaborate renovation found themselves laughing all the way to the bank when it was time to sell the property.
