Total Members: 158,310

Daneo79

  • Every time the Government gets involved with grants, policy changes or incentives, the market suffers unrealistic inflation, as a whole bunch of operators jump onboard to grab at the before mentioned government interventions.

    *Add taxes and/ or tarrifs to ANY investor that is not an Australian Citizen.
    *Create a city by city land release plan.…[Read more]

  • Hi,
    I have the
    Ultimate Real Estate ‘Incredible 3 Day Live Event’
    Untouched workbook and 10 videos on USB stick.
    Happy to sell it, I got a lot from the pack.

  • Daneo79 replied to the topic Investing in Perth 2014 in the forum General Property 10 years, 2 months ago

    I poured a lot of time looking into the Midland area, checking the census and demographic data. This was about 4 -5 years ago when there was a lot of hype about the hospital and medical college.
    Not much has changed.
    there are a few pockets that are performing well but generally the crime, unemployment and demographic are keeping prices flat. If…[Read more]

  • Hi Carmen,
    How did you go?

    I am also looking for a solicitor that is property focused in Perth.
    Did you use Mr Lewin?

  • Daneo79 replied to the topic Question on tax and cash flow positive property in the forum Help Needed! 11 years, 2 months ago

    Jamie M wrote:

    Hi and welcome aboard

    All the holding costs and expenses associated with the property will be deductible – that includes the interest on the loan, property management fees, maintenance costs, insurances, borrowing costs, depreciation, etc.

    My Question:
    Do the tax deductions apply when the property is set up through a trust…[Read more]

  • Daneo79 replied to the topic Who’s Renovating in Perth? in the forum Value Adding 11 years, 2 months ago

    Hi Guys,
    Sorry for the late reply.
    End of Month has been crazy…. Can't wait to quit my day job!
    I will get the Painters details and post them in the next few days, I need to update my contractors list anyway.

    Can anyone supply the details of a good chippy?
    I need to get some final work done to my PPR. (and then get the valuer in)
    I will be…[Read more]

  • Daneo79 replied to the topic Australia v USA Property Prices in the forum Opinionated! 11 years, 3 months ago

    Bad news sells papers.
    We have all seen it before. A half truth spread through the papers screaming doom and gloom.
    As Freckle said US v AU housing economies are chalk and cheese.

  • Daneo79 replied to the topic Help me name student accomodation complex in the forum Opinionated! 11 years, 3 months ago

    Uni Platinum.
    Graduate Retreat.

  • Daneo79 replied to the topic Who’s Renovating in Perth? in the forum Value Adding 11 years, 3 months ago

    I know a great painter, takes pride in his work and good price.
    Looking for a good broker and lawyer in Perth. Anyone know any?

  • Daneo79 replied to the topic QLD property, take a loss or not? in the forum General Property 11 years, 3 months ago

    Im from the west and I have heard of the works going on in redcliffe. It really depends on your situation and whether you have the capacity to hold or if the money could be better invested elsewhere.

  • Daneo79 replied to the topic 980sqm Land Corner block (flat) in the forum Help Needed! 11 years, 3 months ago

    Don’t forget about storm water management, headworks (cost ,fees,location) and setback. Become good friends with the local council, they can help a lot (or not). Make sure you can build what you want to build, your mind could be made up for you.

  • Daneo79 replied to the topic Loan to buy-renovate-sell 1st time. Likelihood of approval? in the forum Finance 11 years, 3 months ago

    Something that might help you 'sell' the as if complete valuation would be an interior design program that can give you a visual representation of what you intend to achieve.

    A lot of people lack the vision to see a finished product from a scope of works, cost summaries or detailed descriptions.
    that's where a colour picture can help!

    I am in…[Read more]

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    Wow,
    Did not realise that.
    thank you very much. You have been most helpful.
    I will investigate the land tax rulings and charges for WA.
    I was under the impression that no land tax was applicable for properties under 400k. (Gov. website)
    time to call and ask more questions.

  • Daneo79 replied to the topic “The US Spruiker” – an email dialogue :))) in the forum Overseas Deals 11 years, 4 months ago

    HA!
    I have had spruikers contact me for various things in the past.
    they always seem to get snippy when you ask for 'unreasonable' things such as;
    Facts.
    Financial statements.
    References.
    Nice work Z man!

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    Thanks for the Breakdown Paul.
    From a purely cashflow now! view it could be viable.

    guess I have a bit of thinking and further investigating to do.
    But if you and Sheree have had no luck converting tenants I don't believe that I will either.

    I will do my sums and work out what my cost of action would be. (what I could miss out on while setting…[Read more]

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    * will be

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    OK. I know what you mean. I wapprebe setting it up under a discretionary trust structure, so changes things a bit. My (back of envelope) calcs. include man. fees, settlement/purchase costs, insurance, rough rates guess, connections, ect..

    But that is off topic.
    Can I just knock on the door and ask the tenant if they would like to enter into a…[Read more]

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    what do you mean "income of 50K" ?
    280pw x 50 weeks = $14000 gross. (50 weeks, I'm conservative)

    Turns out to be about $50+ negative. (without knowing rates, ect…)

  • Daneo79 replied to the topic How do you initiate vendor finance? in the forum Creative Investing 11 years, 4 months ago

    My main strategy is to buy and hold, accumulation creates real wealth.
    But at this stage I am trying to accumulate cash flow to give up my day job. Anything will help.
    How much on average can you chuck on top of current rent for lease to buy option?

    that will determine if I decide to dig deeper.
    will go home tonight and try to find info on…[Read more]

  • Daneo79 replied to the topic Wanting More Info on Trust Accounts for Investing in the forum Creative Investing 11 years, 4 months ago

    N.E.Renton 'Family Trusts' is about $40 and covers types of trusts, pros and cons, Btafeficiaries, and how you're taxed. It is set out so you can just flick to the chapters relevant to you and what you may want to do.

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Daneo79

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