Total Members: 158,198

Bluegrass

  • Bluegrass replied to the topic Am i ready for an investment property? in the forum Help Needed! 14 years, 8 months ago

    Hey JRGive the FA the big swerve (or get Richard to give you advise) and go direct to the source off the investment property seller and have them sort it all for you.They are being paid by the builder and that is what the good ones do for their clients.I do not have an up to date A&L sheet so you can get an idea of your BC, but I am sure Richard…[Read more]

  • Bluegrass replied to the topic ipswich areas in the forum Help Needed! 14 years, 8 months ago

    Hi Rekooh01If you are considering an investment property the last place I would go is Ipswich!The town at this point in time is full of investment properties and all the sharks that feed in the pool.Granted there are some good opportunities but the rents are not so good and the capital growth is a little slow.The mayor of Ipswich is a real go…[Read more]

  • Bluegrass replied to the topic Am i ready for an investment property? in the forum Help Needed! 14 years, 8 months ago

    JRIt seems again I an agreeing with Richard but he is right!By the time you walk out of the FP's office if he/she does not like property they would have convinced you to buy managed funds or something similar that crashed through the floor in the last twelve months.That said you need to talk with someone, I am sure there are wealth advisers and…[Read more]

  • Bluegrass replied to the topic NRAS Investments in the forum General Property 14 years, 8 months ago

    Hi KaneFirst up the defence houses are totally different to the NRAS.They are rented by the Defence Force and used for personal.The NRAS concept while needed is under siege from opportunists.Granted you get the $8,000 at some time and the benefits of depreciation, but do you want to put yourself or your clients in a situation where the capital…[Read more]

  • Bluegrass replied to the topic +ve cashlow properties in the forum General Property 14 years, 8 months ago

    Hi CarolAll investment property is is a brick money box.So long as you buy in a good growth area (growth area = jobs, industry,transport, schools to name a few) your investment should return to you in ten years double your input!.That said finding CF+ in towns that are established is difficult if you are looking for tax relief as well.I suggest…[Read more]

  • Bluegrass replied to the topic Park Trent Properties also trading as Cross Country Realty in the forum Heads Up! 14 years, 8 months ago

    Search the web on ASIC for Parktrent Property Group, Cross Country Realty, Ron Cross and then as Bassa46 states Be Afraid Very Afraid!

  • Bluegrass replied to the topic Am i ready for an investment property? in the forum Help Needed! 14 years, 8 months ago

    JRGo hard before your wife stops work, but use a finance company that is not going to make life 'repayments or increases in the IP' a burden on your lifestyle.Make sure that what you buy is 'as Richard stated' neutral or cash positive'.The rules are simple:Use your equity for 20% of the purchase price plus costs and the remaining a loan on the…[Read more]

  • Bluegrass replied to the topic Is Rudd doing the right thing? in the forum Lets get back to the 14 years, 8 months ago

    Lets get back to the question!KRudd has not helped anyone but Bruno!This man 'KRudd' has bought votes for the next election two years out and we as a country have let him!We had no choice as a nation the goose just went ahead and did it!But look tonight at his next vote gathering effort 'Health'He has told lies about what he was going to do and it…[Read more]

  • Bluegrass replied to the topic HELP PLEASE in the forum Creative Investing 14 years, 8 months ago

    Hi MollyCash Flow Positive is a company that sells a lot of property throughout Australia.I sell property via them and many other companies like them.They believe in full disclosure and whilst others may suggest you could save a few dollars by doing it on your own, you rightfully understand you need the knowledge to do this!A software program http://www.s…[Read more]

  • Bluegrass replied to the topic How much should I offer? in the forum Help Needed! 14 years, 8 months ago

    Hey JackCan you replace the home on the land valued at $200k for $75k?Is the home habitable?How much do you want it after you know the answers to the two questions.Other answers to questions!Is it a rental property and if so how much can you get for it?What is the capital growth in what period?If it seems like a goo deal take the selling com. off…[Read more]

  • Bluegrass replied to the topic Buy New or buy a dog and renovate? in the forum Help Needed! 14 years, 8 months ago

    RC51Buying new is going to get you a lot more tax depreciation.Your problem will be the price point for new.Bluegrass

  • Bluegrass replied to the topic Duplex costs in the forum Value Adding 14 years, 8 months ago

    Hi WhitebaitA full turnkey price with commissions would be 930 – 1080 m2The higher amount for less m2

  • Bluegrass replied to the topic Hotel managed properties in the forum Creative Investing 14 years, 8 months ago

    Hello to thecrestThe 40% is the return after costs on the rent. Assuming that the rent is $800 per week on holiday letting and the costs related to holding are 60% of it, there will be a shortfall in the mortgage payment if say $300,000 was borrowed at 7%.The comment Negative Geared – Cash Positive comes from when a new property is bought and th…[Read more]

  • Bluegrass replied to the topic Hotel managed properties in the forum Creative Investing 14 years, 8 months ago

    Hi tsarblaYou say you are searching for cash flow positive property and keep coming up with motel rooms.That is because motel rooms on their own are hard to finance, hard to sell and hard to get capital growth out of.There are many cash flow positive properties available throughout Australia that are a better bet than a motel unit.If going the…[Read more]

  • Bluegrass replied to the topic NRAS Investments in the forum General Property 14 years, 8 months ago

    Hi AllNRAS is a good idea by the government but make sure you check out all the tax benefits and the holding cost to you.As one contributor stated if you want out before ten years you may have some heart ache.Also remember that if the rental is stated at 350 per week you have to carry 20% of this for the next year, you cannot get it back (as I…[Read more]

  • Bluegrass replied to the topic Domain Charter Group in the forum Help Needed! 14 years, 8 months ago

    Hi AllI build and sell investment properties and I can tell you that if there is a rental guarantee you are paying for it.I do not know the comapny you speak of. I am in QueenslandBluegrass

  • Bluegrass replied to the topic Legal Height, Share House, Rental Properties! Help!? in the forum Help Needed! 14 years, 8 months ago

    Hi benhigginsI would suggest the RTA in your state to cover your bases.As a general course of events in Qld you cannot accept rent if it does not conform to building standards.That said I would beat it has been rented in the past!Bluegrass

  • Bluegrass replied to the topic Old versus New in the forum Creative Investing 14 years, 8 months ago

    Granted BrisInvestor that the lower purchase price appears safer, but if the first purchase is using advice from seasoned investors and sales agents the price point can be any reasonable one!We call the process 'The Guded Discovery'.No investor should lose money through mistakes in the beginning when there are companies and people to guide them…[Read more]

  • Bluegrass replied to the topic First post: Redcliffe in the forum Hi MooksThe only other 14 years, 8 months ago

    Hi MooksThe only other places I would suggest to look is the Pacific Innovation Corridor 'PIC' which runs from Brisbane to the Gold Coast.There is house and land product there that will see growth in the next three years of up to 30%. This figure is based on history and lack of land in the corridor.RegardsKevin

  • Bluegrass replied to the topic First post: Redcliffe in the forum General Property 14 years, 8 months ago

    Hi MooksI have been involved in building in the area for a number of years now and in all that time I was hearing the Redcliffe was tipped to be the next thing.Redcliffe is a bit like Chervon Island on the Gold Coast, close to everything but for some reason has not moved.Margate and Rothwell and Scarbrough will all do well without Redcliffe doing…[Read more]

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Bluegrass

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