We bought 20 acres in Kyneton early last year, we were going to build our home on it. It cost $90K.

We changed our minds, due to the time it would take to build and add the utilities to a remote site, and decided to sell and find established.

6 months later we sold the land for $145K, easy money… then deduct the Capital Gains Tax of %30.

I…[Read more]

Lawry73 I see want you mean now…
I missed a day coming here, and the post I left was pushed off the list….

So I had to go looking for it.
So categories seem the way to go.

[]
Regards,
Arty.

That maybe the case for wraps… but if you want to retain the +ve property, then you need to maintain it too.

I would like a +ve cash flow ongoing to live off, and retire on.

If the IPs are worth selling off due to high CG then I may sell, and roll the profit into a new IP… etc….

But this is all theory for now ..
Im still reading the…[Read more]

Grouse..thanks for the tip…(hopping into the car now).. first one there gets them… []

They are difficult to find, I was reading through the auction results the other day for properties in Melbourne, if you find one under $100K its way out in the sticks..

But I found looking at auction results a good guide.

Regards,
Arty.
[8D]

Id like the consistant cash flow, to replace my wage. So the sooner the full cash flow goes into my pockets..not the home loan the better…

Many thanks to all that replied to this.

Regards,
Arty.
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Many Thanks for your answers!.

It sounds like a dedicated private PM is the way to go then.

Regards,
Arty.
[]

But isnt that the whole idea of this site… to positive gear cash flow and accumulate property…

You need to accumulate a fair amount of properties to replace your salary to become financially free…

Without a plan to manage them you will get more problems than you can handle.. if you pay an agent to assist your wasting your positive cash…[Read more]

..Seems like there is no answer……

If you have 130 properties… and financial freedom… you spend the time running around looking after the properties you have anyway…

so you wouldnt have much spare time for yourself anyway…

…still concerned..
Arty.
[]

Thank you all…

I was considering buying sub-divideable (“ifs thats a word.”) blocks ~ 10 acres, and dividing them up into 10-20 1/2 to 1 acre blocks for re-sale after 12months. But I cant generate income on a vacant block, it would all be Capital Gains.

Thats something I may still do, when I have IPs that are generating income. At least the…[Read more]

I bought a vacant block of land in Kyneton VIC for $90K and sold it 6 months later for $145K still vacant.

Because we sold it under 1 year we paid 30% CGT.(we didnt know about CGT then..)

Does anyone know how much CGT would be after 12months, in that case ?

Regards,
Arty
[]

huh ?

You need to keep an eye on your investments though ?

Regards,
Arty…the confused one…[xx(]

Hi all,

Im about 1/2 way through the book, and eager to finish. Its easy reading, ie to understand… I love Insight #4 in Chapter #4… about “Tom from Ballart” that was funny.

My wife is going to read it next.. we both have the same thoughts about investing which is a good start, at least we both know what we want.

She is also looking into…[Read more]

Good Idea..
There should be a new forum category for it though… So we could just post the properties details and it wont get lost in the usual forum.

It may be worth enforcing a standard for the subject line too, so you can easily see what area the properties are in… ie.

“VIC – St.Kilda”
or
“VIC – Collingwood – Residential Detached…[Read more]

Thanks for that …. I was hoping someone would say that !…

So the trick would be to get a nice cheap house, pay it off with positive gearing, nice and quick and reap the rewards.

The more and more I read about this, the less and less I want to actually sit here and work in my daily job… which is handy as I can see this web site from work……[Read more]

If you can do all that in your head in 22 seconds your doing well… I would have trouble remembering all the options unless I had it written down.

Im just starting out, so I think i will stick to the 11 second rule till I have more experiences as you obviously have.

I suppose this can be an add on to the Due Diligence checklist, after to…[Read more]

….Im a newbie too, but I can add something to your question anyway…

You would be only able to get around 65-70% loan, so you pay a higher deposit. With a Residential Property loan you should be able to borrow more, ie 80-90%.
Also in Commercial Investments, the tenant pays for the water and i think the rates…. damn I shouldnt have left the…[Read more]

Im only still new to this site, but wouldnt that make it more work to go into each category and see whats been posted ?

The way it is now, most of the posts are under General and I refresh “while im at work…shh” every hour or so to look for new posts.

Just a thought.
Arty.
[^]

I dont want to spoil the ending but.

Did the Butler do it ?
– or was it “Mr. Green” in the “Study” with a “rope”….

[:0)]

Ive wondered about that too.
What is the difference between Leasing a house to tenants or leasing a warehouse to a company ?

You would still purchase the property, and positive gear the lease payments. But in a bigger scale than a house/unit.

just a thought.
Arty
[:0)]

How about the old houses in Braybrook (ex government homes…etc), its not the nicest area though. Or Sunshine way, I havent looked for prices there, but the area is old, you may find people that have been living there for years.

We were lucky enough to pick up a house in Brooklyn for $140K 3 years ago before the prices started to increase sharply.

[8D]