hi caston
“At the same time I think commercial rents are slavery.”
as a CP owner i hope an attitude like that doesn’t catch on, otherwise there’ll be nobody to rent our CP’s
wrapping CP’s?
look, there are 2 types of businesses, those that are doing well and those that are struggling.
now obviously you don’t want to wrap with a business that won’t…[Read more]

hi vyvyen
unique properties (dream properties) don’t have a problem selling.
just ask the guys that own mansions over looking sydney harbour.
they just keep compounding
and the one great thing about those properties, if its your PPOR, is NO TAX
compound growth, no CGT
must be heaven
if someone offered me 200k less than i asked, i would be…[Read more]

hi penguinchick
easy
demolish queenslander
put up a 3 story office complex, giving you 1710 sq m building.
rent it out for $20/ sq ft
giving you $342,000 a year
then find someone who wants 5% return on their money….that will $6.8 mill
pay back what you own
after that sit back and enjoy
harry

Hi simmi
had a look at the property on realestate.com
its a lovely green
but you know what put me off….
asbestos
thats right ASBESTOS
roof and walls
my mate just past away after renovating his asbestos cover holiday house.
and looking at the units next door to your investment….would you have to completely enclose the building to stop asbestos…[Read more]

Hi roofarmer
i think it might be cheaper to buy his CD for only $550
that way you can keep listening to it over and over and over ….
till it sinks in
just my thoughts
harry

yes learn and share
there is steve who’s retire rich
but my gut feeling is that it wasn’t from property.
if you sell a million books and make $1 from each, how much do you make???
lots
your rich.
much easier than worrying about fly wire screens (about $10 at bunnings) that seem to be such a concern in the other forum, or some tennant not paying…[Read more]

hi caston
i carn’t quite work out your logic
what sort of business would get involved in a wrap????
have you got examples??
harry

Hi azmiahmad
Do you think hanging out for another 12 months is wise?
afterall, over 12,000 apartments have been completed in Auckland’s cbd PLUS another 7,000 under construction.
To may investor’s in a small boat to survive.
“Rental guarantee” …don’t you just love it.
Its guaranteed all right….you paid for it
IT’s built into the price when…[Read more]

Hey paul
that’s nothing
i arrived to work one morning and there was a tilt slab 3 feet from my window covering it completely.
all i saw was concrete straight up
but thats progress for you
a happy developer
and more important than disgrunted tennants
look
after a while you won’t even notice it

AussieLad
now thats a great deal
your about to purchase a CP for about $169,000 and your getting back $500/week, $26,000 a year…..15% return??????
Wow now thats good for these times…..
there’s a lotta people out there getting 2 -5 %
how did you do it????

ah ashb23, you missed the point.
As far as my business goes would you rather have $20k (business income) or $300(rental income) A WEEK going thru your account?
Same amount of outlay…completely different results.
A good business is a great vechicle to creating wealth easier.
Do you thing Steve makes more money out of rental properties or selling…[Read more]

Hi pipelinebender

2 k and property investment…forget it.

think outside the box?

I agree
30 years ago at 22, i bought my first IP 15K, interest only loan.
3 years on i sold it for 20k, and after subtracting costs it worked out i made 2k.
my thoughts about the property investment game….. “its a mugs game”.
i took that 2k and bought a business…[Read more]

No need to be nervous…….unless your heavily geared.
Emjoy is right
“I always remind myself that years ago there were many who thought that property investing was a very bad idea and now say, if only we’d bought back then!”
BUT, if you go back just a few months before that, when property prices where out of control, the repercussions of that…[Read more]

hi
so what if the market corrects itself?
real wages, over the last 10 years, up 14% according to howard,
house prices up 100%.
what do you expect?
another 100% increase in property values, over the next 10 years?
Get real.
the only way is if wages go up 100%….i don’t think so…
not under howards IR agreements.
its the market at work….
12…[Read more]

hi pipelinebuilder
retiring at 30 , won’t you be bored?
and how much passive income do you think you’ll need to live this lifestyle?
I had the same ambition retiring at 30.
now nearly 55, i think i’ve just about made it.
good luck
harry

sorry for my ignorance as i am only new to this, but what is the 10 property idea?
and how does it work for retires?
harry

hi interesting subject area…
having just spend 2 years on an tax audit with the ato and spending $30,000 in accountant fees cleaning up and complying with the ato rules on super, the only advice i can give u is stay away from it….the penalities are too great
harry