Excellent tips there freeman.
Thats a good idea a video.

hmm, how can i put his woodrow. Im not any step ahead of you in investing. I only got into investing into real estate about 2 months ago, and i have only acquired information. I do not intend buying a property soon at all.
Um, im not a mentor, i would be able to be one if i was like 40 or something and had liek 40properties.
Um, all those figures…[Read more]

Yes you would obtain an CGT reduction for the time you lived in the house. But you want to turn it into an IP, so at the present time CGT is not an issue.
Um, about the name on the titles being joint or in one or the other i dont know. You would have to investigate both the title on the PPOR(her place) and the IP(your place). To see what the best…[Read more]

Well V8ghia, um. With me planning to buy an IP and live in it for 6months while I reno it. I will not be like most people and just change my mailing info to that address. No, I’ll actually be living in the IP for the 6months.
Anyways its not like I’m recieving the FHOG with my IP and then my PPOR. I only recieve it once. Like anyone else. I’m just…[Read more]

PM one of the mods. I think they will be able to help you with that.

Christopher.

Well I don’t really know, your the painter. I’m just a HSC student who loves investment property and is interested in some tips in painting.
I can’t really help with the write up of the (we’ll call it the) guide.

You could do a search on the net, for like FAQS about painting and address them.(maybe creatively).

Christopher.

Hmm, have you tried looking at vendor financing, try the creative forums and the Investor HQ section on this website.
They should give you some broad ideas about how to achieve finance.

Christopher.

Morgage hunter, I believe my idea incorporates both your ideas(even if i didnt write it here).

Buy a property, live in it for 6months(then you will be able to obtain the FHOG and SD benefits), in this time you can renovate it(buy a dump and reno it up heaps), then you can move out and rent somewhere else and then rent out that reno-ed…[Read more]

I think all of this will apply to me down the track. As I will be building up a few IPs then I will move out of home and buy my PPOR, this is the solution for my tax deduction problems.
Also this trust that is set up can protect me from lawsuits(as you have to sue the actual trust to get at the IP).
I got all this from BulletProof Asset…[Read more]

Could we build the carport on our own. Like we obtain the materials and construct it. I guess that would cut the price of it.

Hmm, my 6 months of renovating(to obtain the FHOG) will be very full. This house I will purchase around 200k will have to be worth 300k when im done with it, increase in rent and also alot of equity to move to the next…[Read more]

Do you reckon you could write up some tips on a word processor and let propertyinvesting.com know, so that you may be able to have the information on the site somewhere for people do read and download.

Just a suggestion, btw I would like some tips, thats just a means to get it to everyone(in the future aswell).

Christopher.

I advise you to buy an IP first. And if you want to live together then just rent. as you will be getting rent from your IP and the interest is tax deductable.
An IP first is the way to go. Then maybe a few years down the track you can use the equity(and your savings) to get into another IP or to buy your PPOR. I will use this method when I begin…[Read more]

Have you thought about using all that equity to fund the purchase of one of more IPs.
This could be the beginning, you can start off quick with a few as you have lots of equity to use as deposits.
This is the path you should take to reach financial freedom.

Christopher.

Well the best way now from where you are with those books read, is to continue to read more and to ask many questions on here. Even if you think they will sound silly or stupid, they aren’t. The only stupid question is one not asked.

From your original post you describe what we would call a buy-reno-sell method. I would suggest reading up on that…[Read more]

Your in the exact same position I was in about a month ago. I have since read 7 books and have asked many questions on here. This is the best way to obtain information on it all.
I used the eBay method to obtain my books and have bought 20 of them and am reading them through very enthusiastically.

I am also 18, I share your youth. Your lucky that…[Read more]

dam. but is the house yours(i know you ownt own it as yet) but are you allowed to move in/reno it up.
Whats the advantage of having a huge settlement period(like 6months or so, i heard it somewhere)?

Christopher.

If your in a relationship I recommend Linda Gough’s Couples Guide To Money. It is great for couples in organising finances and discussing them so you can stop those dam financial related arguments, and instead you can argue about which property you are going to buy this week, and then the next, and so on.

Christopher.

Well a few weeks ago I was thinking that my property would be negative cashflow. But now this is my idea.

Buy a house around $250K, move in for 6months and claim the FHOG(and the stamp duty discount) renovate it tones(cheaply but effectively), then after the 6months move out and rent. With the renovations I will be abl;e to rent out at much…[Read more]

Good idea, getting the vouchers. Nice and cheap and effective.

Win-win, excellent, i like the sound of that

So in this settlement period can you like move in and start renovating, and start building up the required 6 months needed?

Christopher.