Hi John,

Try the phone 3885 2245

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Originally posted by jaco22:
after reading Steves first book I really want to do something but cannot get it understood by my wife. I suppose I’m somewhat aprehensive myself.

Your collective ‘fears’ are not unusual – I am sure that every investor has these at some stage in their investment journey. Some of the more common reasons for fear I come…[Read more]

Hi Sharon,

I am not a commercial property investor so please take what I say with a grain of salt.

Being commercial the lender will require a larger than 20% deposit on this property and will have similar limitations when/if you try to release equity at a later stage.

This issue is a limiting factor that you will need to consider in your…[Read more]

Hi Redwing,

Not a broker but has he considered setting up LOC/equity loan using free (if any) equity in property number 1 and then drawing payments from this.

Obviously this isn’t cosher as per guidelines but the issue seems to be greater than this.

The easier option would be to take a ‘honeymoon’ if he is ahead of schedule with repayments…[Read more]

Hi Terry,

Try the following thread that may get the brain cells turning over.

https://www.propertyinvesting.com/forum/topic/11710.html?SearchTerms=wrapping,tax,wrap

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Subject to finance by XXXXX or

Subject to finance by lender of purchasers choosing.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi amynman,

Retirement villages are superficially attractive as the gross rental returns can be deceptive, I suggest you look into the costs and above all search the forum (top left) under the forum boards button.

In a nutshell retirement units are a niche property with a questionnable growth rates and can be difficult ot finance at…[Read more]

Hi Tanjoh,

Based on your post I see little benefit in setting up a ‘joint venture’ program. Each couple seems to have the runs on the board in that you each have properties.

If the sole motivation of the ‘joint venture’ is to motivate each other then I suggest you are better off arranging periodic meetings that meet you respective needs.

This…[Read more]

Originally posted by Ricksta:
Where else can you get a return of 6.75% for cash at the mo.

And that is a tax free 6.75% too.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Originally posted by MoJoJo:
Gave up on that after I never got that missing paddle pop stick that would have taken me to disneyland when I was 10.

~jo~

Hi ~jo~

I didn’t take you for a quitter – I guess I was wrong [biggrin]

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Cruiser,

Hey look I profess to being an atheist and a contra investor (as per Mcknight) but I gotta say that’s a big call.

I mean to say you’ve written more here than Steve wrote in the 4 lines and a quote from the book of proverbs included in the acknowledgement.

Cheers

Derek
derekjones1@bigpond.com

Property investment advice and…[Read more]

Hi Devin,

On the face of what you have said it is apparent that your friend needs a new accountant as he/she seems to be only looking at the individual investment properties from a ‘tax’ point rather than considering the whole portfolio.

As others have said I would prefer to release the available equity and, if consistent, with your friend’s…[Read more]

Hi Mcdirt,

Yes sack them now – the story about the PM being ill is all rubbish. A good real estate agency will have someone to pick up the pieces if someone if away, an accountant to process transactions and common courtesy to contact you should things be amiss.

As I pointed put in the previous post they have failed to fulfil their obligations…[Read more]

Hi Barbie,

The essence of positive cashflow today is that they may need to be ‘made’ – an off the shelf purchase is remote.

For what it is worth I believe that any positive cashflow properties located in regional (remote) areas wouldn’t make good investments anyway.

Derek
derekjones1@bigpond.com

Property investment advice and researched…[Read more]

Hi Baloo,

I was going to suggest Navra but closer reading of globe’s post said positive cashflow and I suspect that a lot of Navra’s advice is based on growth first, maximising use of cash and equity and income through shares.

Not sure if that is what globe wants but otherwise I would endorse your suggestion.

If globe is only after positive…[Read more]

Hi Barbie,

I suggest you do a search of the forum as there have been some comments and threads in the past.

Kambalda is a mining town that is very dependent on the state of the nickel and gold industries – which at the moment are having their day in the sun.

Long term Kambalda is a very unstable investment.

PS – I have also edited the title of…[Read more]

Hi Pumpki,

You will need council approval for the granny flat and carport.

As to whether or not this will help you find a tenant – the best course of actionis to talk to your PM and find out what the feedback has been. This will guide you in planning/making any alterations.

As you highlighted though you will need to be aware of not…[Read more]

Hi TA,

A number of Steve’s 130 properties were wrapped and as such cashflow becomes a decreased issue.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Scoops,

In the main I am a ‘buy and holder’ and would normally say don’t sell – however in your case this may be the best course of action both in the short and long term.

Using the figures quoted you walk away from the sale of the two properties with $560 less costs and CGT if applicable. Is there any CGT payable?

If all of these funds are…[Read more]

Originally posted by Ref:
my monthly repayments @ around $480 per mth. I owe $160,000 on my mortgage.

Hi Ref,

Is this correct? The monthly repayment figure seems too low to me and my maths.

And the car debt is?

Derek
derekjones1@bigpond.com

Property Investment Support Available.