[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

September 20, 2004 - 9:28 am

Thanks Terry.

You just confirmed my thoughts on l/os. I am considering of only setting it up for 3 years.

Cheers

Marcelo

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

September 20, 2004 - 4:55 am

Hi Infinite

Check out Rick Otton’s site. He sells a calculator that I think does all that you need. It costs $105 inc GST.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

November 13, 2003 - 7:26 am

Hi All

Just in case anyone is interested the NSW Public Trustee site is http://www.pt.nsw.gov.au/index.cfm.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

October 7, 2003 - 8:08 am

Hi Insider

I agree with you 100%. My goal is to buy at least 25 properties in 1 year.

Mmmm, how is it that you have 100% of the pie???? This sounds very interesting and if you are willing to reveal your methods then I would like to hear more.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

October 7, 2003 - 4:51 am

Hi Mika

I hear you about the 83K example and the pitfalls that may arise out of JV’ing with people that I do not know. The sort of deals that I want JV partners for are for example buying small blocks of units, (eg. 5 to 12 units). I can afford the 83K purchase and plan on doing this. Still, if I can afford 10% and a JV partner can afford 90% I would rather have 10% of something than 100% of nothing.

JV’ing with someone would of course be on the proviso that we get along and are of the same mindset. Also, it would all be formal and done through solicitors, (ie. on a JV contract).

I am waiting for the deals to be investigated properly so that I now exactly what the movitation for potential JV partners may be. I do not want to say without having some hard facts.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

September 12, 2003 - 4:58 am

Hi Soleil

I agree with Mel that to formulate a tax effective strategy you should see an accountant. You mention that your partner was going to see a (financial) planner … don’t waste your time, (sorry if I offend any financial planners).

Financial planners primarily have one strategy and that is to sell you managed funds or schemes like tree plantation, tree oil plantations etc., that Simon mentioned. They will rarely have property on their books. They might suggest some property trusts which aren’t too bad, usually return around the 8-9% range.

If you haven’t done so already read some property investing books. Some of Jan Somers’ books will give you ideas about negative gearing properties that can lead to the building of a substantial property portfolio for the future.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 19, 2003 - 5:04 am

Hi Ripp

I am actually going to do this myself and I have been told that you can claim interest and other property related costs. This is becuase the property will be income generating.

The downside of this is that you will have to pay capital gains on the proportion of the property when it was being rented out. Also, if you rent it out for more than six years, (I think), then you will have to pay capital gains as if it were just an IP, (ie. on 50% of the capital gain at your marginal tax rate).

I am no expert and not an accounant so, as everyone else has said, check with your accountant.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 19, 2003 - 4:31 am

Hi Richmond

I have just bought a unit off the plan, finally managed to get back into the market after 3 years.

My reasoning for this is that I managed to get a 10% discount on the place as the builder needs his pre-sales.

Otherwise I am not so sure that I would get into the market right now. I was actually going to buy a block of four units but my finances didn’t come through. I am not really disappointed though as who knows what is going to happen in the coming months.

I read yesterday that the CEO of Wizard Home Loans thinks that the market is slowing but another CEO, (I think he was from one of the big building companies), said that the market was strong, a biased opinion you might say.

There are of course suburbs that will always be strong despite what the rest of the country is doing but for the rest … who knows?

From my point of view it all comes down to ‘the right deal’. Whether the market is booming or in a slump it is whether the deal makes sense on paper, (ie. crunching the numbers).

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 12, 2003 - 7:25 am

Hi Freedom

You can go to http://homepriceguide.com.au to get a snapshot for prices, capital growth, demographics, recent auction results etc. There are some free details, enter the suburb and go to the bottom, but if you want a detailed street report you have to pay for it.

Hope this helps.

Cheers

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 7, 2003 - 11:02 pm

Hi Steve

Jan Somers and her husband sell a package called Property Investment Analysis, (see http://www.somersoft.com.au/). There are 3 version the Personal, Professional & Pocket. However, it says on the website that the Personal will no longer be supported.

The Professional package costs $495. I downloaded a demo and it does have everything you need. Presentation is not the greatest but that isn’t its purpose. I will buy it when I have a spare $500.

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 7, 2003 - 10:37 pm

Hi Terryw

What city are you in? I am also interested in a +ve cashflow property and it appears that wraps/lease options seem like the way to go. Unless, of course, you buy in regional areas that have a lower capital gain.

Is it ok if I email you to get some details?

EnuffIsEnuff.

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

August 4, 2003 - 11:12 pm

Hi

I actually disagree with you Cremin.

Rock, your friend sounds like a great mentor to have and to do business with. It sounds like your friend might already have the right procedure in place to make property work for him.

I don’t see the problem with buying a property together and both of you making some money. Just ensure that everything is in a contract so that if there are any hiccups both of you are covered.

As he is most probably going to provide more $$$/equity then you might want to take a smaller share of the profits initially. As your personal wealth increases then you can split 50/50.

Mind you, I have only bought/sold one investment property and that was by myself. I am, however, looking to partner with somebody to buy again. Why not share the dollars?

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

July 30, 2003 - 11:01 am

Thanks for the info Harold. My sister lives up there so I will get her to do some research for me.

Gotta get a property soon.

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

July 29, 2003 - 11:21 pm

Hi Harold

I’m still looking to buy my first IP and am looking at Cairns coz I want a positve cashflow property.

If you don’t mind answering a few questions … What area did you buy in? House/Unit/Villa? How much did you pay?

Thanks []

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

July 29, 2003 - 7:27 am

Hi

I am also looking for +ve cashflow properties as my wife is not currently working.

I have been looking at Cairns for houses not units. Units in Cairns are going backwards as far as capital gains is concerned, I want to get something out of it when things are back to normal. As far as I can tell from reading posts in this forum and other sources properties that are +vely geared in regional areas don’t appreciate much.

Someone please correct me if I am wrong in stating the above and can you suggest some areas. I don’t think the bank will lend me the money to buy near a capital city so I am forced to look outside of Sydney.

Also, does someone have a calculation as to what yield is needed to have a +vely geared property? I am assuming that the annual rental income, the purchase price and the loan interest rate come into play somehow but am not sure on how to calculate it.

Thanks

EnuffIsEnuff

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

July 28, 2003 - 11:09 pm

Hi All

I am only a ‘newbie’ but must say that it has become a bit of an addiction for me as well. I have checked the forum every day and it is the first thing I do when I get to work.

I don’t have any IPs yet as I am doing all the homework first. Reading books, websites and this forum … it’s gotta be the best property investment forum out there.

Chandara, I have enjoyed reading your posts … keep them coming!!!

EnuffIsEnuff []

[enuffisenuffMember@enuffisenuffJoin Date: 2003Post Count: 19]

July 27, 2003 - 1:13 pm

Terryw

Do you personally know any of HK’s people that lost their money and where was the development?

It’s pretty frightnening that HK pushes this as a good investment vehicle but this sort of thing can happen with no security.

EnuffIsEnuff

quote:

---

Fullout

Don’t do it. It is not worth the very high risk of losing all you money for a mere 25%.

A lot of HK disciples recently lost all their money when the developer went bust-some fraud involved as well. Some lost $300,000!

---