[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

June 7, 2007 - 10:36 am

We just picked up our new Jeep Grand Cherokee Limited Diesel. The wife drives a Magna Sports……..might as well have our cake and eat it too…..

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

June 6, 2007 - 10:45 am

I actually use what I call the factor of 10………..if I purchased a place for $270K then I would want to get around $270 per week rental. Anything more and it reduces by repayments based on interest only out of pocket expenses.

Seems to have worked well for the past 12 years……..that way, based on my own situation, negative gearing etc, each property is costing me around $25 per week………..

So I'm getting a much better return then placing this money in the bank……..

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

June 6, 2007 - 10:42 am

Property 1 – $320K Langwarrin Purchased 4 yrs ago for $230K $260 pw rent
Property 2 – $310K Langwarrin Purchased 2 yrs ago for $270K $260 pw rent
Property 3 – $280K Frankston Purchased this week for $280K $270 pw rent
Property 4 – $520K (my own property which I built for investment purposes) Langwarrin Built 3 years ago for $345K 3 years ago

Currently in the marketplace for another property but to renovate and sell again…..

Valued by the bank a fortnight ago and increased by 5%……..

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

March 6, 2007 - 11:53 am

Thanks everyone for your great feedback……

I know of Pakenham but it really is currently going through a huge property restructure…………I believe currentl 5 new estates being built.

For me its not about +CF.
I currently have already 3 rentals and all going well.

I’m now moving into my next phase. Buy land, build on it and sell it quickly.Aiming to do around 3 of these a year……..hence looking at the west currently……..

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

March 5, 2007 - 11:47 am

Hmmm was told about Truganina as well…….

Where about’s is it located?

cheers

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

November 1, 2006 - 1:57 pm

Originally posted by andrew west:

Lee

Im on the bottom rung of the ladder too with one IP under my belt but think that you have missed the point. There is no golden goose that you walk up too with a bucket and then walk away with a 10% yield. If you think that you can buy CF+ off the shelf you need too look somewhere else. But if you do this you will do what have done for a year or so and thats go around in circles. From what I can work out CF + deals are made not found. But more importantly you need to get your structure right to start with.

Andrew

I think there is a huge misunderstanding about what CF+ really are. I’m currently reading Margaret Lomas book about Positive Geared Props and a lot of it makes heaps sense. I suggest this as a great start. The good thing is that the book is only 6 months old as well…..

Good luck

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

November 1, 2006 - 1:33 pm

I just came back from a meeting with my accountant who himself owns numerous properties. He recommended a Family trust.
For only $500 (includes accounts fees etc) you still get a ABN number and tax is the same as a registered business.

If you set up a business its almost triple the cost with no better incentives……..

[dutchieMember@dutchieJoin Date: 2003Post Count: 13]

November 1, 2006 - 12:41 pm

Good question.

I would look round for seconds store and pay around $3K for a kitchen worth around $6K.

There are a few of these in Melbourne.

Do a google or yellowpages search in your area….