Hi Garger,

It is worth keeping in mind what goals you have set yourself. If you are looking at a monthly income then the 11 second rule is the best one to apply as this gives a good indication of the yield you will be receiving. However if you are looking at long term growth then the 11 second rule may not be useful. Generally high yields do not…[Read more]

Hi Mini,

Thanks for the pointers I’ll have a look through all that information.

Cheers

Adam
[8D]

Hi Sooshie,

First off he needs to come clean with his family, they stand to loose just as much as he does. They are the victim, not him and he needs to understand that he got them into this mess.

Just a couple of pointers (possibly). Not knowing his current available assets it’s difficult to comment. However I would agree with Leigh. If possible…[Read more]

Hi ShaneB,

Do you have the contact details of R Harman & Associates as I am also looking for a good accountant in Brisbane but don’t live in the area.

Cheers

Adam
[8D]

Hi All,

A very interesting topic and one that is of interest to me personally. Can I therefore offer one suggestion. Is it possible to set up a company or trust? You could then award directorships / partnerships to each person involved in the arrangement. The issue with this would be how you would raise the capital for each property. Any thoughts…[Read more]

Hi Bruce,

Just thought I would drop you a line from one of those Pommies you so thoughtfully brought into this debate. I actually feel very sad for you[] You have obviously had a very hard childhood and adolescence and feel that you have achieved all you have on your own. Now you feel the need to show people just how far you have made it. You do…[Read more]

Hi Jars,

Know what you mean about stress and financial freedom! [xx(]

Are you looking to have these properties in a trust or all under your name? As this will be your source of income have you considered tax issues?

Hope this does not sound insulting as this is my road map also, so any insight would be of interest to me.

Cheers

Adam
[8D]

Choc,

Thanks some very useful information. I am still moving forward with the purchase and just trying to get the mortgage sorted out. Being non-resident I can only get an 80% mortgage, so makes the finance a little bit harder.

Cheers

Adam
[8D]

Hi Sooshie,

Thanks for the pointer on Deposit Bonds. I had a quick search on the forum and came up with quite a few previous posting. Useful ones (for me) were:

http://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1672
and
http://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=332#

Cheers

Adam
[8D]

Hi All,

First of all – great idea Leigh []

My name is Adam, 36 yrs old, working within the construction industry in Hong Kong (originally from UK). Separated from my wife[], luckily no children to get involved.

I am looking at generating a passive income so that I can retire within the next 10 to 15 years[]. My strategy is to purchase buy and…[Read more]

Hi Sooshie,

Thanks for putting them on the “Links Page” [].

Re-deposit bonds: No I’m not I was just going through the normal mortgage route. Is it more advantageous to use deposit bonds? [?] Sorry for the dumb question, still learning

Thanks

Adam
[8D]

Hi Milo,

Thanks for the information. Yes Southport does look like a very attractive opportunity. I am looking at buy into a new development. I have put in an offer and the price of the other units have already started to go up! []

It’s comforting to hear your comments about not relying on tourism as it means this will be a growth area in it’s…[Read more]

Hi Guys,

Thanks for the advice []. I’ll check out the web sites (Soohie can these be uploaded to the links?) and I’ll look into getting a buyers advocate.

Cheers

Adam[8D]

Hi Lynne,

Thank you, thank you, thank you! [][][]

OK I confess the search function is better than I gave it credit for.

And Andrew, thanks for the post![]

Cheers

Adam

Hi All,

As a newbie I agree that we ask what you old hands will call stupid questions that have been asked time and time again.[] But remember what it was like when you first started.[?] Yes you can read books and learn, but if you don’t have a mentor or a teacher to bounce ideas off then how can you expand this learning.[]

It would be a great…[Read more]

Thanks Tamara there’s some really useful information there.

Cheers

Adam

Hi All,

This sounds really exciting. I just need to know one quick thing (so please ignore my ignorance). I am looking at purchasing in NZ but am not a citizen of either NZ or Oz. Does this cause a problem or is it similar to the regulations placed in Australia (i.e. can only purchase new property, etc..)?

Cheers

Adam

Thanks Tim and Trueblue,

I am most definately in this for the long term and am looking at purchasing at least one property every 6 months. Thus within a five year period I will have at least 10 properties. I will need to look at the tax breaks that a company will offer as opposed to an individual, but the information you have given is very…[Read more]