hi echidna
totally agree with michael…the prices in frankston haven’t moved in for over 2 years…stuck around $230K
you might wanna have a look at brighton east….thou
the median price has plumment by $80k in just the last 6 months
from over 770k down to 690k……. and still heading south

might find some bargains there soon

..never know…[Read more]

atrain
welcome to property investment
as a fellow IT person and someone thats put 90% of his investments into property, i thought i’d share some wisdom.

just one of my IP’s

i did everything by the book..thats micheal yardleys books…
1. Passive appreciation – slow growth I value as the general market increases in value.
i did that…held for…[Read more]

nice one dd
tassie’s a lovely spot

but just doing some quick calc’s on your gems, looks like selling today at $145k would make you about $15k after all costs..
(if at val $125k you loss -$4k)
if instead had you got some bhp shares today you would have made 40k
then you could have bought maybe 2 IPs

all to do with timing

look melbourne is booming
just an example
buxton RE sold a place 18 months ago $520k
back on the market expect $540k
wow thats a gain over 18 months of 20k

lets not tell them about the odd $40k in cost to buy
the $20K in costs to sell
and the costs of interest to hold it for 18 months

hi mathewc73

life is full of experience

and occasionally you come across scumbags that just spoil your day

sadly there are unscrupulous individuals in all works of life, even in property investing
for example…..
We have just purchased a large house that is quite old that still has all it’s old built in appliances (stove, oven, dishwasher…[Read more]

thank grant
i see you got a good grasp on the obligations as the trustee of your Discretionary Trust
“The trustee’s overriding duty is to obey the terms of the trust deed and to act in the best interests of the beneficiaries”
its ok …its only the small print

“essence of happiness”
dalai lama

Sorry grossrealisation but your wrong…you’ll probably get about 10Db attenuation from rockwall and you have to get it into the walls.
Redwings right…..
windows and any air vents that are in the room.
There are two types of noise transfer through
partitions, airborne transfer, and structureborne
transfer. Both may need to be considered in…[Read more]

Hi grant
just wanting to clarifying your discretionary trust.
when you fill in section 58 in the “Trust Return” and fill in the Full name of the beneficiary, their address plus TFN,
why the Tax office doesn’t cross reference it to that beneficiary who has received a distribution from you…..unaware!!

what happens then??

bardon

“The city officials, housing action groups and local business support foreign and out of town investment as this is what is needed to correct the years of disinvestment.”

Admirable analysis of a country with anomalous priorities

performing its super power contest

USA invests $400 Billion dollars in Military expenditures (Australias…[Read more]

markdangerous

you have undeniably hit a nerve with Brisbane 04

what you misapprehend, is that the whole point of this forum is stimulate prosperity, no matter what the sacrifice.

Go Brisbane 04, trample humanity, impede human rights, and proliferate in capitalism at the disbursement of mankind

in simple terms
04…your a wit
mark…your…[Read more]

Hi garnt7
how fascinating having beneficiaries unawarei of their interest in your discretionary fund
“This is a pain as the beneficiaries dont even know they are on the trust and aernt involved in any way”

how do you handle the tax issues when you distribute profits to them ?

hi pipbender
you’ve been dragging this out for 3 months now….
whats the go

i’ve email you….your return link goes nowhere

whats are you trying to say?

if you’ve got an idea…lay it on us…..

show us the money

hi asdf
“but I may not even be here in 5 years time so wouldn’t mind enjoying as much profits as possible”
Totally agree
so why are you you looking at property…remember long term
What generates GOOD income today?
You have to borrow to invest, to generate, to create a lifestyle.
There’s no magic formula
some like IP’s, so like businesses.
both…[Read more]

excellent analysis terry
“many people after vendor finance are the credit impaired, or people that otherwise don’t meet the normal lending criteria”the bank’s don’t want this 1% of the market
leave it to the wrappers
[“i]you need to be squeaky clean with your credit report and have stable work history [/i]”
which represents 99% of first home…[Read more]

thanks
1990…what a year
there was one old guy standing in the corner…plus 6 of my friends, at this auction….6 years later, 6 doors down..100 people.

PS i still have the business today, and it is still as profitable.
but now the staff get a much bigger profit share, as i only go in every few weeks, just to say hello.

Just adding to the…[Read more]

hi pyramid
i started Buy,Reno, Sell properties 35 years………
my first property was in Yarraville, 15K….interest only…..i was going to make a fortune…had a full time job, so worked every night and weekends on IP…sold 3 years later 20k.
didn’t have excel spreedsheets then, but my gut feel was…i was a loser.
then, just thru luck, a…[Read more]

hi terry
sorry, i understand now….
a residential tennant with a lease option to purchase the property
logical….

i think dazz was more interested in the concept of the tennant pay all outgoings, similar to a commercial lease…anyway

what would happen if the tennant pull out of the deal…
would they be intitled to any reinbursement, as…[Read more]

I LOVE PROPERTY

in fact i have in excess of 4mil tied up in property.
and only 20k in shares….

so why the big deal on shares…

15 years ago i was too narrowly focused…..
property, property, property..
all bought in recession….cheap.

having recently sold a penthouse in noosa,
and then doing the comparison figures between it and…[Read more]

wait a couple of weeks, and the only think left will be bones…no smell