Total Members: 158,564

Stannis

  • Stannis‘s profile was updated 5 years, 8 months ago

  • Ben replied to the topic Ultimate Guide to Renovation – Jane Slack-Smith course 2015 in the forum Heads Up! 7 years, 9 months ago

    Hi Aureus,

    Check out Cherie Barber, I hear really good things about her programs.

    The JSS was all on line, not as expensive as CB but still expensive, really high level basic stuff at the beginning of the course. I did not like it and requested to be withdrawn. Any course that doesn’t actually give you materials I’m always suspect on…[Read more]

  • Ben replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 7 years, 10 months ago

    Have you got property there originalsinner? where you getting your demand figures from?

    Had a look here http://www.yourinvestmentpropertymag.com.au/top-suburbs/qld-4275-canungra.aspx and saw that the annual sales is 27, and it hasn’t gotten higher than 27 in the last 3 years. This time last year demand was 17.

    If there are 30 properties for…[Read more]

  • Google Unwin and associates and talk to Mark Unwin. He’s the accountant in Melbourne that took over Steve McKnight and Dave Bradley’s firm. He’s also relatively cheap, about 250 ish an hour or so, he does my accountants, trusts, companies, advice etc. He won’t tear your arm off in costs or get trusts that no one can understand unlike chan…[Read more]

  • Hey mate, looks like Terry here has already replied.

    That’s my understanding as well.

    I’d advise going in and seeing your accountant, working out your cost base, working out a running position on your cost base, estimate sales pricing and costs, so you know your tax liability.

    That’s what I do for my properties, then it sits in a spreadsheet…[Read more]

  • Hi Nan,

    Cost base is affected by the depreciation you’ve claimed.

    Running costs, strata, insurance, all that stuff that are week to week expenses, do not affect the cost base.

    Just be careful with renos, that’s when things start getting a little more complicated.

    Invest in a good accountant with a property focus.

    To answer your original…[Read more]

  • Ben started the topic Commercial Finance Broker for Resi Developments in the forum Commercial Property 8 years, 7 months ago

    Morning fellow IP.com’s,

    I am looking for a recommendation for a commercial finance broker in WA to work on residential developments, can do outside WA, however would be good if they are local so I can have a sit down.

    Would be good to hear if anyone has used a commercial broker in Perth, what they used them for, and how it all went.

    Cheers

    BS

  • Ben replied to the topic Off the plan apartment mistake in the forum Help Needed! 8 years, 8 months ago

    Hi Luke,

    I would probably do a couple of things in your situation.

    The first is to do a proper cost analysis of selling and see what you really will end up with as a profit or loss. There are some figures in your text, but even if you bought it for $310,000 and sold for $330,000 I would be surprised if you came away with any profit from a…[Read more]

  • Hi mate,

    How come you are selling it?

    What year is the course as well please.

    Thanks

    BS

  • Ben started the topic Ultimate Guide to Renovation – Jane Slack-Smith course 2015 in the forum Heads Up! 8 years, 8 months ago

    Have been sent a link to Janes videos here http://ultimateguidetorenovation.com.au/l/video-4-2/?gw=2453

    There are 4 videos, the first 3 are about a renovation she does and gets quite specific and is what I think pretty good stuff for beginners (there is a bit of spruik in there so be ready).,

    The fourth video is about her course, a $2500, 12…[Read more]

  • Ben replied to the topic Changing Property Managers? in the forum Help Needed! 8 years, 10 months ago

    Yeah + 1 for DT.

    I’ve sacked a few property managers, isquared, guardian, ark etc.

    Check your management agreement (between you and the property manager (real estate agent)) – dont get this mixed up with the tenancy agreement, which is between the real estate and the tenant.

    It’ll say in there the terms for termination. Most of the time it is…[Read more]

  • Ben replied to the topic U.S. Investor – Filing Requirement for BEA in the forum Overseas Deals 9 years ago

    Hi Nigel.

    No thanks.

    Cheers

    Ben

  • Ben replied to the topic U.S. Investor – Filing Requirement for BEA in the forum Overseas Deals 9 years ago

    Hi Ivan,

    I used US Invest after a friend of mine recommended them.

    Stay away from US Invest, as well as any one associated, Ryan Mcfarland, Lachlan McPherson and all those guys. They are out to take your money and put it in their pockets with zero concern for your position.

    For example, I bought a 1 bedroom unit in GA, Atlanta. There was a…[Read more]

  • Hi Mate,

    I try not to use acronyms with people I dont know, particularly when they arent widely used or are based on formulas that aren’t necessarily always the same.

    As for the above:
    1) Gross Rental Return (GRR)
    GRR=(Annual Rent/Purchase Price) x 100
    Agreed, I call this rental yield.

    2) Return On Investment (ROI)
    ROI=(Annual Profit/Purchase…[Read more]

  • Hi Mate,

    Expand your acronyms and your equations for them – that way we are all on the same page and know you’re coming up with the values associated.

    Cheers

    Ben

  • Ben replied to the topic who is the best mortgage broker out there ? in the forum Help Needed! 9 years ago

    Hi Asou,

    I agree with all the above. Mate, rates are important, but it isnt be all and end all.

    I’ll give you an example.

    So you want to purchase an investment property on a decent block and decide to build a granny flat to rent. This would give you some good cash flow that you need in order to balance or offset a future negative cash flow…[Read more]

  • Ben replied to the topic What is rich? in the forum General Property 9 years ago

    Hi Don,

    Interesting concept.

    In the objective realm of wealth, I would consider that it would be assets that allow you to pay for all your costs after tax (without the requirement of a job).

    These costs can be quite subjective (e.g. private school costs for children, extravagance of holidays) and basically comes down to what your cost of…[Read more]

  • Ben replied to the topic buying managed Quest apartments in the forum Help Needed! 9 years ago

    Hi MI,

    I looked at Quest serviced apartments a couple of years ago. There’s a couple of things to consider.

    The bank believes these are higher risk investment, and there will be a lower LVR (so less funds from the bank). From memory ANZ said they would only loan 70% (check these figures) which means more capital and harder access to any equity…[Read more]

  • Ben replied to the topic U.S. Investor – Filing Requirement for BEA in the forum Overseas Deals 9 years ago

    Hi Lauriek,

    I’ve got an apartment in Georgia and its been nothing but head aches when it comes to the administration. Not to turn you off your prospective investment, just to inform you that I have had to employ an American-Australian accountant to advise me on such matters, and file my LLC tax returns (state and federal). Such people are hard to…[Read more]

  • Stannis changed their profile picture 9 years ago

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Stannis

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