[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

May 22, 2017 - 3:48 pm

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. Involving local councils but also pushing them to change local legislation to increase and improve land/housing infill and density targets.
*Relax and encourage multi-storey developments in future-flagged high density regions, but tighten the type and look of those developments to suit and fit the areas.

Take the property bull ‘by the horns’ and actually lead this country to the place we want it to be. Housing affordability is not the problem, there are still properties available for less than $100,000 in this country.
It is just the people with a sense of entitlement wanting to live on a big block 10min from the city but can’t afford to do it.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

February 6, 2014 - 12:49 am

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 you are looking to invest in that area your best strategy may be to manufacture growth. (renos and subdivisions). I found the prices a little high for what you were getting so moved on.

I would love to hear some feedback from someone who has done a recent evaluation. maybe time to revisit? I know the local council have been spending heaps on infrastructure lately.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

September 4, 2013 - 1:02 pm

Hi Carmen,

How did you go?

I am also looking for a solicitor that is property focused in Perth.

Did you use Mr Lewin?

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 30, 2013 - 12:06 am

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 structure?

Where can I find information about what can/cannot be claimed through a trust structure?

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 29, 2013 - 11:51 pm

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 getting quotes over the next 2 weeks and hopefully get the work underway soon.

Daneo.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 19, 2013 - 4:31 am

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.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 19, 2013 - 3:49 am

Uni Platinum.

Graduate Retreat.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 18, 2013 - 2:45 pm

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?

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 18, 2013 - 2:30 pm

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.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 18, 2013 - 2:09 pm

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.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

January 18, 2013 - 5:45 am

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 project management and the more detail you can provide the easier the sell.

Hope this helps.

Also I am just entering the Property game in Perth and value adding is going to be a large part of my strategy.

I am in a similar position to you, been educating myself for 18 months and ready to take the first bite!

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 12, 2012 - 11:56 pm

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.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 12, 2012 - 6:33 am

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!

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 11, 2012 - 5:11 am

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 this up)

I would prefer to find a property that fits my existing model (renovate and split the block) because then I get to hang on to it for further growth as well.

I always have my eyes open for alternate or different deals, this one caught my attention.

Thank you for your feedback so far.

Will let you all know how I proceed.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 7, 2012 - 3:21 pm

* will be

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 7, 2012 - 3:18 pm

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 L2B option?

Is it best to tell the agent my intentions early?

What are the real pros and cons?

Terry,

You raise a good point about the end of the lease option, one of the big cons against proceeding.

Thats why I am asking you guys!

How much extra can you put on top of existing rent?

Or am I better off making some improvements, air con, ect… and slightly increase rent to try and get it neutral?

Thanks for the feedback so far, appreciated.

Many minds make light work.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 7, 2012 - 7:02 am

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…)

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 7, 2012 - 5:54 am

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 acceptable increase %.

Any one who has done a wrap/lease to buy option, I would love to hear from you…..

BR,

Daneo

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

December 2, 2012 - 4:50 am

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.

[Daneo79Participant@daneo79Join Date: 2012Post Count: 31]

November 7, 2012 - 4:09 am

I would love a copy of the list and can add 1 or 2 tradies of my own. (hold onto the good ones, more valuable than gold)

Please WP or anyone who has the list, I am now a short time away from my 1st IP, this list would help immensely.