Total Members: 149,176

Corie

  • Hi Terry,

    Thanks for clarifying that. I thought it was a long shot but I was just curious as to whether anybody else was doing something like this. Legally of course. I know it sounds dodgy but I know of guys who buy and sell 18k of car parts each year under a business name and then run a race team at the expense of that business, often at a…[Read more]

  • Hi Catalyst,,Yes I hearing what you are saying. I think rewording my opening line to “Im interested to know”….. may have sparked a little more interest.

    I dont think I explained my business idea very well and its not really a business….in traditional term. I am talking about properties that I already own and using the rent money as income and…[Read more]

  • Is there seriously nobody on here willing to add their point of view, either to shoot me down or add some form of input???

  • Is there seriously nobody on here willing to add their point of view, either to shoot me down or add some form of input???

  • I think if you want to look at putting a vendor finance deal together you really need local people on the ground that can generate leads, and show people through. I have some people who live in Victoria and they are structuring a vendor finance deal for me in Hunter Valley and with the help of local people the house has just been sold. The deal…[Read more]

  • I want to know if there are any rules or laws that would stop me from applying for an ABN and starting a business relating to property investing, home maintenance and renovations. The specifics arent really important at this stage.
    But basically use rent received from any investment properties as cash coming in. Just like primary producers, once…[Read more]

  • I want to know if there are any rules or laws that would stop me from applying for an ABN and starting a business relating to property investing, home maintenance and renovations. The specifics arent really important at this stage.
    But basically use rent received from any investment properties as cash coming in. Just like primary producers, once…[Read more]

  • Find a vendor finance opportunity!

  • I think that because you plan to make your first purchase your PPR to begin with and and then IP I would look at an older house first. Buy doing this you can manufacture some growth and give your self more leverage when you go to make your second…[Read more]

  • Corie replied to the topic Where in VIC? in the forum Help Needed! 6 years ago

    Have you looked at Boronia? Lots of zoning changes and infastructure going on there. Possibilities within 400k range

  • Hi Troy,  dont get me wrong mate I totally agree with diversification I just wanted to present the question. Its always good to have a few different ideas and view points. In answer to your question I am NOT a local although I do have an IP in Rutherford that I bought when I was a little less educated. I have looked at many properties in the…[Read more]

  • Yes i totally agree Jaqui, investing is to take yourself forward. I i was looking for second IP I would be asking what is going to give me the best return. If that meant buying again in the the same suburb then I would not hesitate……assuming my first IP had performed well.  If a suburb is well established, has more than one industry with a…[Read more]

  • Thats a bit of a wishy washy reply Jacqui.  If its a good basket then keep using it. There is more risk is going into an unknown  area if you already know you have a good area. A situation like this would require a definite exit strategy ………………………..What is going on with the "enter" button on this forum??

  • Newcastle Knight, how has your first IP performed? If it has worked why not do it again in the same area? If something is a success why not reproduce it?

  • Rusty, it all depends where you are talking about. Perhaps in small mining towns where the boom is over you might see vacancy rates lift but if  your talking about capital cities or major suburbs you would need some seriously heavy investor activity to see any noticable difference in vacancy rates. Investors make up a small portion of the general…[Read more]

  • Gday diamond,

    I dont have anything to swap but may be willing to pay money if the price is right. Would you consider selling it?

  • Hi Harry,

    Just thought I would offer my opinion and tell you about my plans. Unfortunately it is not the advice you are looking for but you may be able to take something away from it.

    A mate and I are also looking at doing a small development and we are in the very very early stages of planning, but we are going to look at trying to locate a…[Read more]

  • cheers Jamie, that was the form I was looking for. I think improved cash flow during the year is much better than getting a lump sum at the end of the year, although a lump sum is a way of forced savings.

  • Corie replied to the topic Best option advise in the forum Help Needed! 6 years, 6 months ago

    Hi Dev,

    I think trying to find a property in perth will be difficult if you have to come up with a 10% deposit and stamp duty if you only have 30k capital. Perth is over priced. Dont confine yourself  to the state you live in when  looking for a good IP. 
    Perth and  Darwin are currently leading the way in terms of rising rents and growth which…[Read more]

  • Freckle wrote:

    To me it signals the end of WA's RE boom. I expect to see the economy contract hard over the next 12 months. Property prices will follow in due course as unemployment rises  and everyone realises the resource boom is really really over.

    Freckle,

    In case you hadnt noticed the WA RE boom ended a long time ago. And that is…[Read more]

  • Load More

Corie

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