Total Members: 158,199

Jimmy86

  • Jimmy86 replied to the topic Can we buy carpark using SMSF? in the forum Help Needed! 9 years, 5 months ago

    Just because You can, doesn’t mean you should, or it will suit your retirement goals…

    When investing in SMSF, you need to evaluate a lot more factors than just your super balance. for instance:
    * your age/years to retirement?
    * your risk profile/liquidity needs
    * your current and projected income / job security
    and a fair few other…[Read more]

  • Jimmy86 replied to the topic What is required to rent out a downstairs flat? in the forum Help Needed! 9 years, 5 months ago

    Great advice JacM!

  • Jimmy86 replied to the topic Advice to go the next step? in the forum Help Needed! 9 years, 5 months ago

    A lot to consider. perhaps consider talking to a financial adviser or investment mentor who has been there and done what you are wanting to do. There are a lot of hidden costs involved with subdividing and building duplexes etc…

    The good news is, you guys are in a fantastic financial position for your age. Most people try to get in your…[Read more]

  • Jimmy86 replied to the topic Southport & Merrimac in the forum General Property 9 years, 6 months ago

    Did you end up selling both or either??

    Personally i think you have 2 properties on 2 of the most growth potential suburbs on the GC.

    I own my PPR in Southport (just behind Ferry Rd markets). Purchased in June 2013 for $360k. Just had it bank valued at $410k. (all we did was add a feature front fence – $5k spend). Southport will only go up as…[Read more]

  • Jimmy86 replied to the topic members alliance in the forum Help Needed! 9 years, 6 months ago

    Sometimes these companies can provide a great service to those who lack the ability to find the right debt structure and investment avenue.

    However, I think it is important with any of these companies to check the following:

    1. Where the company is receiving their income (is it the finance, the property, the land… etc.) – Ask for this…[Read more]

  • Jimmy86 replied to the topic Granny Flat Gold Coast in the forum Creative Investing 9 years, 7 months ago

    Thanks so much Serge!

    How have you gone with your granny flat so far…?

    have you gone through the application process?

    Cheers,

  • Jimmy86 started the topic Granny Flat Gold Coast in the forum Creative Investing 9 years, 9 months ago

    Hey all,

    Im looking to build an attached second dwelling/granny flat (2xbed 1xbath) on my 3xbed 1xbath house in Southport. Im thinking of making a side entrance to the granny flat as the main entry to it, but also adding a 2 way lockable door from the main house to the GF also, so i could be converted into a 5 bedroom 2 bathroom house if we…[Read more]

  • Jimmy86 replied to the topic Is rent to buy a scam? in the forum Creative Investing 9 years, 10 months ago

    Interesting.
    I always had the perception it was shady.
    It is such an unfortunate name ‘rent to own’ it sounds dodgee and gives media such a head start… haha.

  • Jimmy86 replied to the topic Using credit card to reduce interest repayments in an offset in the forum Creative Investing 9 years, 10 months ago

    You have to be careful, about 3 years ago my wife used our personal cc (anz) on our merchant facility of our small business we had back then (suncorp) and because the merchant and the CC was an exact name match, we got a phone call from the bank within 24hrs (suncorp) telling me that legally they must report it to the ATO. Apparently it is a money…[Read more]

  • Jimmy86‘s profile was updated 9 years, 10 months ago

  • Jimmy86 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 9 years, 10 months ago

    I have found Ryan at Onproperty pretty handy. provides good education on how to find your own CF+ properties.

    http://onproperty.com.au/free

  • Jimmy86 replied to the topic PPR to IP + Granny Flat build in the forum Value Adding 10 years, 2 months ago

    Your right Matrix 5, 

    It will be semi-detached. Not much construction will be taking place close to the structure of the house, as the far wall of our garage will also double as one of the walls for the granny flat.

    The property is on the Gold Coast (Southport).

    Yeah i will definitely ask for it to be fenced off to minimize disturbance to us…[Read more]

  • Jimmy86 replied to the topic PPR to IP + Granny Flat build in the forum Value Adding 10 years, 2 months ago

    Great point Made_Man, I didn't think of the impact on the existing tenant through the construction phase… Is it common to offer cheaper rent to subsidise or..?

  • Jimmy86 replied to the topic Happy New Year in the forum Forum Frolic 10 years, 2 months ago

    Happy New Year to all…!

    New Years dieting resolution in full swing (for now).

  • Jimmy86 replied to the topic Checklist of proven IP renovations to withstand abuse in the forum Value Adding 10 years, 2 months ago

    You'd be surprised how far a good bleach of bathroom tiles, sinks and windowsill clean/paint + buying a $50 new basin/tap set (from bunnings) can make a bathroom look 5 years younger and add value to your rental asking price. 

    We have an IP with beautiful hardwood floors and have bought cheap bulk/scrap carpet to DIY cover the living room and…[Read more]

  • Jimmy86 replied to the topic ResB / subdivision effecting a val in the forum Value Adding 10 years, 3 months ago

    Thanks Ballerina,

    Do you know how much it would cost and do you (or anyone) have a recommendation for surveyor on the Gold Coast that could assist?

  • Jimmy86 replied to the topic Bitcoins and Litecoins – Real estate in the forum Help Needed! 10 years, 3 months ago

    Cameron Winklevoss: Bitcoin Might Hit $40,000 Per Coin:

    http://mashable.com/2013/12/16/cameron-winklevoss-bitcoin/#!

    Wouldn't it be great to know a few celebrities, buy some BCs and then get them to jump on reddit and speculate the sh!t out of it…

    #winning

  • Jimmy86 replied to the topic What to do with $135k of super in the forum Help Needed! 10 years, 3 months ago

    mathyland12 wrote:

    However im only partially comfortable about "Who" to go and see first to set this up?  A lawyer? An Accountant? or Financial Advisor? If the answer is the Accountant, should i use my current accountant? I already have a family trust that has purchased one property and my current accountant knows my situation well. (sorry as…[Read more]

  • Jimmy86 replied to the topic What to do with $135k of super in the forum Help Needed! 10 years, 3 months ago

    Hey mat,

    Just make sure you scope out the FULL amount of fees before you proceed with your property purchase, and make sure you get all these fees in writing before you proceed either way.

    Also (and possibly risking hatred of myself to other forum members, considering it being a 'property investing forum') …consider diversifying your…[Read more]

  • Jimmy86 replied to the topic Road project in the forum Help Needed! 10 years, 3 months ago

    My parents have had a similar situation and from what I can remember they went in (successfully) with class action… probably because a lawyer got wind of it and rallied everyone into it for a lump comm :)

    It can be tricky.  Ill ask them and get back to you :)

  • Load More

Jimmy86

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