Below is an example of a property that would be cashflow positive. At a guess the rent would be around $100/week. This was found using the http://www.realestate.com.au search engine and limiting myself on price across a state. I went to other states as well and found similar properties.
Now I will admit that they are not 4 b/room brick and tile jobs…[Read more]

Well BKW319 I will have to disagree to some extent. You talk about raising money for charities if you want to help people. I personally give more than 10% of all my earnings to charitable organisations so in this way I also get to help people not only through renting or wrapping the property but also by sharing the profits. I cannot wait for the…[Read more]

Hey Tom,
The easiest way to get a really rough idea of market price is to use something like http://www.homepriceguide.com.au This will give you 3-4 month old data but it is interesting to see comparative prices. The other way is to call local agents (4-6) and ask what they have similar to the one you found. The last stage then is to go pound the…[Read more]

Hey Rick,
This part of the world is running hot. Many people forecast great growth through the SE corridor. I guess it depends what you are after it certainly is not cash positive unless you Wrap.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Wow. There are some awesome calls here. For me Scott the fear is where the fun is. Property is a passion for me and that is where I find the most solace when I do get nervous and or fearful. I look at the poeple I am helping and the benefits I am recieving. What a buzz. When you buy shares you get a bit of paper. When you buy a house you are able…[Read more]

Actually Leigh my beautiful wife and two lovely girls deserve a good break. They sacrifice a lot for me to be able to do what I do. Thanks for the thoughts.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Leigh is that Dale Gunther-Goss or Gatherum-Goss ??

Just a nother thought. Another personal favourite of mine is “The Richest Man in Babylon”. Now I am fairly certain that this is fictional but does that matter. Not on your life. This little book was a real eye opener and I will be giving many copies away to friends. Also another one I liked…[Read more]

Hey Kirsty,
It is always a good idea to set yourself up properly. While there are “standard” ways to establish a property “empire” some may not fit into that structure. Saying this I believe it is a must for investors to talk to a good accountant and solicitor to ensure the structure works for you. Get a quote for their time and a quote for their…[Read more]

I think that the most frustrating thing about this whole situation is that the High court can rule in agreement with the lower court and the ATO can then go back to parliament and have the law changed anyway. So after all the trouble and money if the ATO really wants this one stopped they can just legislate and change the way it works. I realise…[Read more]

Hey Gavan,
Mate you have a few options open to you. You can take the slow and steady road and save for further deposits or revalue the current property and use the equity. Both these options are sound and will get you there. I personally think you are very lucky in that you have had to get creative early. Some people (me included) are supposedly…[Read more]

Personally I visit him once a year but I do talk to him 8-10 timesa year as well. With the electronic age we live in it is easy to keep in contact.

Enjoy
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“Carpe diem, quam minimum credula postero.”
Lat., “Seize the day, put no trust in tomorrow.”
-Horace, Odes

Hey Mr jones,
If you set up the structure with a trust (discretionary or family) and had a company as the trustee and you as company director then as director you could claim it as a legitimate expense for educating yourself about the business your comany carries out ?? Would this not seem fair.

You need to talk to a good solicitor or acct about…[Read more]

Hey Mr Jones,

Had to add 2 cents here. I think that having ot buy 20% off at times is rather pointless. For example a deal I am currently looking at. Duplex (half) for sale – Vendor wants $85K willing to give 3 month settlement. Other side of Duplex sold 9 months ago for $95K. This side is actually better (eastern side, excellent garden)and the…[Read more]

I think the B man is trying to say is that if you have found all the legal options to reduce your tax and still have to pay a bucket load of tax then you must have made a fortune.
For me I cannot wait until the day when I have to sign a cheque to the tax office for $1,000,000. This means I must have made a bundle because I know my acountant would…[Read more]

At this point in time I find him to be that good. Now saying that he is good for me and that may not apply to others. I find Dale always challenges me on why I am doing things and if there are better ways. He is also conversant with Wraps and is an active property investor and keeps veru up to date with changes by his involvement with things like…[Read more]

Mate if it makes you feel better I live in Brisbane and travel to see him.

Enjoy
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“Carpe diem, quam minimum credula postero.”
Lat., “Seize the day, put no trust in tomorrow.”
-Horace, Odes

Hey Pete,
Welcome to the Forum PI.com[]
There are a hundred difernt ways to skin a cat and so likewise a multitude of options to complete a property deal.
Sounds like you have been reading Margaret Lomas type theories.
I personally do not like to rely on the tax breaks to make it positive. I would rather the property paid it’s own way. By this I…[Read more]

Hey all,
I just had to have two cents worth here. I am a firm supporter of Robert Kiyosaki. Not because he showed me what to do but because he inspired me to get out there and try and do it myself. The book was simplistic in many ways but that was the beauty of it, it allowed me to fill in the blanks. There is no doubting he has made a fortune…[Read more]

Hey Kirby ,
I use Dale Gatherum-Goss. He writes in the API magazine and does other Property related seminars, etc. A nice bloke to boot.
His website is http://www.gatherumgoss.com .

Enjoy
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“Carpe diem, quam minimum credula postero.”
Lat., “Seize the day, put no trust in tomorrow.”
-Horace, Odes

It is true that the Mortgage insurer will limit their lendings but if you use mulitple structures then that limit can apply numerous times.

Enjoy
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“Carpe diem, quam minimum credula postero.”
Lat., “Seize the day, put no trust in tomorrow.”
-Horace, Odes