Forum Replies Created
Isn’t it funny how we all have opinions, as a resident of Logan for many years, and a community worker there, I would have said that crestmead was a better area than Marsden, opinions from us forumites are great, but don’t forget to do your own research SMARTMONEY
Browns plains, boronia heights, crestmead, hillcrest ( I have had property in these areas, lived in these areas, and been quite happy – parents live in boronia heights)
I live in Brisbane now, so am not specifically on the ground, but I do know that there are other forumites who live in this area – are you guys out there to give SMARTMONEY an opinion?
Have you thought about Ipswich, rail line direct to brisvegas. Springfield, new city being built? Interested in North of Brisbane – D Bay for example?
What about Inala – yeah I know it gets slagged, but it about the only place you can get a tidy home under 220 within 15ks of the CBD.
Food for thought, good luck on home hunting SMARTMONEY.
Cheers
CD[rolleyesanim]CastleDreamer
the Hornibrook bridge is the bane of many peoples commuting lives. Its a shocker, If they only upgraded the bridge and ran the rail line through (as promised for 20years!!!) then the Redcliffe area would go off even more.
Tankbuster, PM me, I have some ideas.
Cheers
CDCastleDreamer
Hey tankbusterboy,
I was like you, but I woke up and bought in Keperra and Brighton, and managed to catch the last of the waves!!!!! The sale of my Keperra house is now financing deposits for cf+ properties! Cool.
What made you think about Redcliffe and Mitchelton? Are you applying the same research to today’s market? Is there some area you have a gut feel for right now that you should be investigating? If the gut feel is the same as your Mitchy, redcliffe feel, then maybe you are onto something. Sounds like you were onto the same ideas I was. PM me if you like and we can chat Brisvegas stuff.
Cheers
CDCastleDreamer
HI cvrjcu,
As an example, rates in brisbane are based on land values, maybe getting people to list location, land value and rates paid would be a better indicator for you.
CastleDreamer
Look on the internet at the westinghouse and sunbeam sites. Have a look for a basic stove – do you want a timer, glass front door? whatever – pick the basic idea of what you want, contact your agent and ask them to go and buy one, have it delivered (sometimes the store you buy the stove from will take the old one away for nothing). Agent can organise the stove and the electrician. Use email with your agent – no probs!!!
Cheers
CDCastleDreamer
Passion – people, helping others
Purpose – to get financially independent to enable me to volunteer time in O/S aid work, or even here in Oz.
Plan – purchase cf+ properties using equity in PPOR and proceeds of sale of well grown capital growth property just recently.In my mind the passion has to come first, if you don’t know what it is you have a passion for, how can you plan to work towards it.
Each of us approaches our journey very differently. That’s what I like about this forum, hearing how well others are doing, and being motivated to keep going myself.
Steve, thanks for putting this post up. The answers of my fellow forumites are refreshing and motivating.
Cheers
CD[smiling]CastleDreamer
[/quote] If something is showing a good return in this market – there must be some risk associated with it. Be it location, type of property or tenants etc.[/quote]
Yack, I disagree, capital growth has been an important part of my portfolio, but that does not mean that good return necessarily equals risk. You could buy a property in a “capital growth” area, based on research and stuff, but no guarantees. At least cf+ has some up front advantages, you know the building is sound, you know the rental being paid, you know how much you are going to spend. That’s not a bad thing or a risky thing, for a new investor or someone with different outlook to you, it is simply a different path to success.
[smiling]New Zealand may well come off the boil growth wise (and I don’t have an opinion either way), but for those purchasing o/s for cf+, the lack of booming growth is not a major issue.
CD
CastleDreamer
Way to go Risky!!!, I want to know how you go as well.
Cheers
CDCastleDreamer
Hi nangunia,
you can start with the local yellow pages for the area. Ask several of the agents in the area for a list of pest and building inspectors. Don’t necessarily go with the one that the selling agent recommends!!! (said a little tongue in cheek, but I aim to keep everything separate!) Once you have a list, contact them and get quotes. I ask them to provide me with a sample report so I can evaluate them for the depth of information they cover (this doens’t necessarily mean you will get a good inspector, but its a start). I also check that they have insurance (eg I had a place inspected, and the inspector didn’t notice that a heap of the garage had been eaten by termites!!! I noticed it later – it was that obvious – the inspectors insurance should provide cover for examples such as this, so that you can seek remedy for missed issues – like half a missing garage!!)I deal on my own behalf. Use email, fax, phone. Always try to talk with the inspector directly after the report is done, receive copy in full by email or fax/post. I am also going to ask inspector to take lots of photos in support of report and email/CDcopy them to me.
Yes, if you buy and then visit the property once a year for inspection, you should be able to claim reasonable cost/expenses for the portion of your trip that was business – not for your skiing holiday in Queenstown!!!! (obviously your accountant will best advise on this – check with them before you go!)
Cheers
CDCastleDreamer
“I’ve got an 18 yr old girl in another property who is doing the HSC. She’s working part time at Coles. I’m giving her a week’s free rent around mid year exams so she can study. I’ve got a single mum in another place. Once a month I pay a local babysitter to go there and give her 4 hours off.”
Celivia, and depreciator, these are great ideas, why not look after other people. There’s a lot of support for the argument that the tighter you are with your money, the harder it is to hang on to it – why not look after people as well. Good on you guys.
CD[thumbsupanim]
CastleDreamer
Hi ceec
For reputable birddogs in NZ!!! I recommend Minimogul and Westan, both members on the forum here. You can contact them by using the PM function. Both have been members here for some time, I have met or spoken with both of them, and trust them. Westan is in the south island, mini in the north.
Cheers
CDCastleDreamer
Hi Starscream, I haven’t done this type of investment before, but i guess it will come down to doing all of your investigations about the real value of it, weekly holding costs, how much choice you have in renting it out? How do the cost of living expenses for the residents compare with other similar villages – ie will the village down the road appeal more because it takes less of their residents pension fortnightly leaving them with money to live!!! I haven’t heard a lot of good about these investments, but I am with you in the thought that they show good returns, why wouldn’t you look at it? For me it would depend on how much money down, what else might that money be able to do, how certain am I about income from property, how much say do I have in its management? and stuff like that. Don’t discount the option, just go and ask lots and lots of questions. I would!
Cheers
CDCastleDreamer
Hi Guys,
Same as Mini,
Try the Pathfinder brand, pretty good in my opinion
CheersCastleDreamer
Prop16, I do exactly the same thing. One LOC against a single stand alone property – draw deposits from this. Once this LOC is exhausted, will start a second LOC on another stand alone property and do same again.
CDCastleDreamer
Hi Scullyman, I can’t help you directly, but I do recall several previous posts about software to manage your “millions!!!” You could try running a search using ‘software’ ‘rental software’ and similar to see what you come up with.
CheersCastleDreamer
Kay, I am with you. Confused. Steve could you explain the 0% a little more.
Cheers
CDCastleDreamer
NOOOOOOOOO!!!!! I can’t believe it. I am shocked that Australian Swimming would disqualify their own best swimmer. Isn’t that treason? to do something harmful to your country??????
AAAAHHHHHH – not fair.
CastleDreamer
Hi Sooshie, haven’t seen your name on the posts for a while, hope things are going OK in your world.
What’s important to me – trying to spend more quality time with people, and not getting caught up in the daily grind of work, work, work. Keeping some space for me to enjoy the world – quiet time to reflect, heal, think, grow.
That’s important too.
CDCastleDreamer
Hi Ian,
that’s what I have set up at the moment. Family trust with me as trustee and beneficiary. My accountant told me that as long as I treat the trust like a separate entity – eg it pays interest to me for the money I loan it and it recompenses me for my time/expenses spent pursuing the trust goals, then thats fine, and I will be able to decide later who to dispurse the income of the trust to – nyself or another family memberThis bit added in: Saskatoon, I think you are right on your post further down – I am not the sole beneficiary, unnamed family and unborn kids are there with me as well – so that would make it legal, but to all intents and purposes, I will be the only person trust disperses to. Thanks for pointing that out.
CastleDreamer
IN NZ its different – the purchaser is responsible for insurance from the day the property settles.
CastleDreamer
