Forum Replies Created
Apollonia, I admire you for going into medicine for the right reasons.
Personally, I want to work ethically and morally in my profession but the greatest thing stopping me as a graduate is the NEED for cash to live. That may force me to do a job I don’t want to.
Luckily, because of my financial literacy, I’m able to pursue jobs which are fulfilling. That’s what positive gearing investment is for me. I want to work, but in a constructive way.
I thus buy the freedom to choose the right employment opportunity, rather than being a passive victim of a need to work
I knew you would pick me up on the warrants, Crashy
I’m no expert but…I’m not really concerned with the interest which is deductable (bonus)… and of course if you dispose of the warrant its capital gain assessible.
More to my point is what happens when you renew the loan on a warrant whose derivative share has increased. Capital gain kind of ‘ooses’ out in a tax free fashion. Maybe you could explain more how this happens but I knew more when I was right into stock.
Warrants are a great tool for high income earners. If they lose, then that’s a deduction, when they win there is much scope for tax free capital gain. Beautiful
To start, just start of small but don’t buy a unit. My only advice
An instalment warrant is a share product which is constitued by instalment of capital(cash) and a portion of loan.
The product is traded like a share on its own market.
Interesting things happen to instalment warrants when the share goes up and down. If the share goes down then the capital dissipates (loss) but if the share goes up a capital gain is made which can be realised tax free if you keep the warrant and restructure its loan.
Instalment warrants. Because they are so complicated, the government can’t understand how to tax them, so they just don’t
By the place and offer the neighbours a vendor finance. They seem to have taken an interest in the property, I know Steve could find a win/win outcome!!
What are you talking about, xyzzy12
‘Don’t chizel people’?
What is going on here? Who’s getting ripped off. My vendor finance idea was a joke but I don’t think that’s what you are talking about.
Sach is just attempting to obtain some accessible literiture for some students. What is wrong with that?
Steve would be the first to want his book as widspread and accessible as possible. It’s not all about cash, which he already has a lot of.
Sach, I simpothise with you, I happen to own a copy and can vendor finance it to you.
It cost me 30. Subtracting depreciation but adding my margin, you can buy it off me for 35.
You can then pay my 9% interest rate and pay this off after 30 years.
Just to get a commitment from you, I’d appreciate any type of deposit you can make. 1 or 2 dollars will be fine (3-6%).
I promise you, no bank will loan money for this investment, so I’m the one you have to rely on Sach. I trust you will make the right decision
Who is your current agent??
Anyway, go to Stathams and tell Rod that you have been referred by some investors who own over 5% of his rent roll and you want a special rate
Rod’s a good man
The unit is in a major capital city (I’m not putting anything on this site since I don’t have a contract on it)
I probably want to live in it so I would want the smallest debt possible….but I would not mind my maximum borrowability (largest loan) but I’ll sit the excess funds in redraw or offset.
Hey Junior
I’m afraid what you are looking at is the fastest growing American industry, the internet pyramid scheme. Some americans actually think that pyramid scemes in all their types are real work
Stay clear, they don’t tell you what the work is because that is the work. Telling people about money making schemes and getting them to buy that business to do the same thing
The whole point of positive gearing is to STOP WORKING and earning the highest tax rate, to replace work with passive income.
If you want to keep working (enjoy working?) then perhaps other investments are more appropriate.
Personally, for high net worth individuals I would look at margin lending on shares or more effective are warrants. You need to really grasp those concepts though
If you are a cashed up Sydney investor looking for capital gains. Stay away from logan and the Gold Coast, I think.
Stick to the fundamentals of capital gain, quality property in close proximity (5 ks) to the capital city.
Brisbane has some awesome suberbs with beautiful ‘Queenslander’ houses which may not be positively geared but probably will double in value every 7-10 years, despite what the guru Steve says.
Stick to inner city suberbs close to Brisbane river. Suberbs like Chelmer, Graceville and even Sherwood are real gems, real class. Then there are suberbs close to the University of Queensland like St Lucia, Caseldine. There are more as well.
Sure, this real estate is already rich but its for pretty good reason. If I had a bit more cash, I’d be heading straight to Chelmer, but then again, I’m not a cashed up Sydneysider
I take it this is a MUD. Multi Unit development
You really need to think of how infact this thing will appreciate in capital gain.
How many units in the building? How many building of a similar kind nearby? How easy is it for future MUDS to be built in that area? How unique is the building, absolute river front??
What I’m talking about is scarcity value?
How do you justify the high body corps (gyms, pools,…)
Sorry to be a skeptic, but I’d love to live in a MUD, I would never buy one though. The only consistant money makers in them are the developers with their glossy brochers, slick advertising and fat margins.
Be careful
Hey Redlilia, where are you from
Regarding Ipswich, it used to be the best Positive gearing real estate around Brisbane until the housing boom has increased prices X4. The house I’m living in won’t be mine by next week, that’s a sign of the market.
Vacancy rates are incredibly low and new land estates are sold before they are subdivided and developed.
In my opinion, whatever you pay will be too much unless you get a gem, which are still around if you know a bad (or good agent) at the right time
Mate Calron
I just mentioned a book which mentioned the contents of a real estate institute course.
I didn’t join the Jenman fan club
Unfortunatly, even if you do have a valid legal point (you may), as Mortgage Hunter portrays, the reality for real estate agents is that acting legally is an optional extra.
The reality is that if the house is worth it, you have to make that extra offer.
All you can do now is raise hell, suggest fraudulent conduct on his/her behalf.
It’s one thing to be legally right, but you have to buy this property now instead of winning a legal settlement in coming months or years.
To Mortgage Hunter, read Jenman to see all the illegal procedures the real estate institutes actually teach their graduates. Amazing
I agree Alf regarding moving from residential to commercial.
Many of my positive geared friends are doing the same. I just don’t have enough properties in the first place to diversify.lol
If for example, the agent said that, the oral offer was accepted and the vendor “is intending to sign”, then you would have a stronger case.
There is actually a precedent on this point.
