The good thing is you know why you’re investing and what you want to achieve. To me that’s the first battle. From there you can really break it down to what the numbers say and how it matches with your aims. That will be your best hope of making a good decision.
One point – projecting capital growth is an ‘interesting’ exercise.
itsandrew replied to the topic SELECTING A PROPERTY ACCOUNTANT (AND WHAT TAX STUFF TO CONSIDER)… HELP! in the forum Finance 6 years, 11 months ago
There’s a couple of things to consider. It is usually helpful if your accountant has their own experience with investment property. And It is also important to educate yourself as much as you can so you are literate enough to follow what is going on. Last thing you want to do is put blind trust in anyone on your team.
As for…[Read more]
itsandrew replied to the topic Chapter 11 The Truth About Selling From 0 to 130 in 3.5 in the forum General Property 6 years, 11 months ago
Market conditions were different when Steve wrote that book. I know that Steve has released a more recent book ‘0-financial freedom’. I think that would give an up to date reckoning on where he thinks things are at.
I don’t think 25 basis points is going to make a huge difference. Confidence is low across the board when it comes to business and consumers. There may be a bump in activity but it is probably just short term. The small businesses contacts I’m talking with are struggling for every penny atm. GDP growth is trending downwards. Unless there’s a real…[Read more]
Hi walking to run,
I think you’ll find building and subdividing are two separate processes.
When I looked into that for a development they were separate. I did receive advice not to finalise subdivision until I had laid foundations for the buildings to ensure the boundaries were correct for the subdivision (coz people screw that up a lot ……[Read more]
itsandrew replied to the topic Investment in Subury Vic & advice on any dealings through Buyers Agent in Melbou in the forum Help Needed! 7 years, 1 month ago
I did a quick forum search and came up with this: https://www.propertyinvesting.com/forum-search/%5C%22Property+Planet%5C%22/
If the block is on two titles would it really need to be subdivided? Or are you talking about subdividing one title for two dwellings and keeping the other? Even then you may not have to subdivide. Your approach would depend on your property strategy and building and council regulations/zoning.
itsandrew replied to the topic Youngest Nobel Peace Prize Ever Winner: Malala Yousafvsai in the forum Opinionated! 7 years, 2 months ago
It’s a while ago so I have another Malala image I reckon is pretty cool too …
1) I pressed the ‘img’ tab above the ‘reply to’ text area and a pop up box came on screen
2) I copied and pasted the url of the picture into the pop up and pressed OK
3) I typed ‘Malala’ into description box and pressed OK
4) Some writing script automatically came up…[Read more]
Some of these guys who’ve commented have been around the block a few times and have had to unravel problems that people commonly get themselves into when buying new or otp. Independence of buyers agents is a big one and the property type you’re describing is high risk for this sort of thing. It could mean 40k to the bottom line in any…[Read more]
Look forward to the article Jason.
And welcome to the forum!
I would ask about getting plans through council. Myself, and others I know, follow town planner’s advice, planning schemes etc. to the letter only to be rejected by council then successful in VCAT. It would be nice to avoid VCAT as often as possible!
What you should look for in a…[Read more]
itsandrew replied to the topic Youngest Nobel Peace Prize Ever Winner: Malala Yousafvsai in the forum Opinionated! 7 years, 3 months ago
She’s certainly a courageous young girl and one of the best Nobel laureate’s for peace. There was a strong push for her to win it last year too.
itsandrew replied to the topic Turning your PPOR into an investment property and then back again in the forum Legal & Accounting 7 years, 5 months ago
From what I have gathered in my own case, when looking at CGT exemption, is that you must have lived in a property before you can have any CGT exempt status. And you can only have CGT exemption for one property during any given period. I hope that makes sense. Best to get advice tailored to your situation from an accountant.
Also, did…[Read more]
itsandrew replied to the topic Religion. What do you believe? and why? and do you care if it's true? in the forum Opinionated! 7 years, 5 months ago
I think you’ll find it’s the human condition that causes the problems. You don’t have to look far to see regimes that have no religion that are savage and brutal and bring untold suffering to people. Think USSR, Mao, Pol Pot. Their brutality was horrendous and the death toll between them was near enough to 100 million people.
itsandrew replied to the topic Flipping houses in Melbourne for under 450k and making 10+% profit. in the forum General Property 7 years, 6 months ago
A 10% margin seems very tight. How are you calculating that? Wouldn’t take much for it to go wrong.
I organised an ITIN for myself a couple of years ago now but I can’t remember how I answered that question. It might be worth checking the tax website to see what they need.
One word of warning though, make sure every single detail/entry is perfect because the form will be automatically rejected if there is an error and you’ll be…[Read more]
I always had an interest in property but not a lot of confidence and I found that was the most important thing. Stories of the many people who had done it already both here on the forums and in property magazines was really important for that.
I think Steve was influential in turning my mind out of a strong negative gearing approach. On…[Read more]
I used creatine monohydrate when playing Aussie Rules. I took it with glucose powder to help it absorb (I think it just needed any carb). It didn’t agree with my stomach after using it for a couple of months so I only used it at the start of the pre-season and then again at the middle/end of the season when things had settled down for a while. I…[Read more]
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