Total Members: 146,596

Jaxon

  • Reporting on Asbestos is outside the Scope of this Report. (the fact asbestos could be in the roof is a fair alarm)
    they can test fairly cheaply

    where sarking is damaged, both insulation and moisture protection of the property are inhibited.

    so two things in my eyes I would be worried about
    1. is the Roofing and walls…[Read more]

  • Grant,

    read, listen, learn

    there are multiple strategies but understand your end goal. e.g. 100k a year income

    then understand how to ge there e.g. 10 properties that return $200k so 20k each so 400 pw each

    then refine using a knowledge of borrowing, CG, CF+, etc etc and work to get there.

    Books like Steves or any property book has value but…[Read more]

  • Jaxon replied to the topic Gold Coast in the forum Help Needed! 5 months, 1 week ago

    1. I don’t Airbnb personally for IPs but from friends they love it (central apartments strong returns)
    2. there are a couple I like but to be honest find someone you can have a good conversation with
    3. no legal ramifications that I have seen yet, but in a zone that does not permit short term accommodation (such as low density or medium density…[Read more]

  • Jaxon replied to the topic Ipswich in the forum Help Needed! 5 months, 1 week ago

    Great low price point, good returns, some risks but overall very good deals.

    the main thing is going to be, structural, flood zones, location.

    the demographic is lower class, so sourcing quality tenants having good insurances and having a good relation with tenants or good managers who will.

  • Jaxon replied to the topic My current scenario in the forum Help Needed! 5 months, 1 week ago

    Benny’s ideas are great, are you putting a 14 day pest building and finance clause?

    I would also use this as a tool to accept a close offer and then if your aware there are some concerns (most older dwellings will have such)
    this can be a great bargining chips

    e.g.
    you offer 1.1m they come back at 1.18m you setlle at 1.6m then you use the pest…[Read more]

  • Best thing, call every contractor within the radius appropriate for the dwelling.

    Get them to give you a real idea, then ask what there day rate is and offer a bonus to complete within a fixed time frame.

    could save big $

  • Jaxon replied to the topic Kitchen Ideas in the forum Value Adding 5 months, 1 week ago

    Dishwasher, recreate space into bar fridge, more storage space, custom make a glass cabinet in the space, etc etc etc.

    completely up to you mate.

    lots of options that may make sense for you

  • Vish the devil is in the detail,

    I would pick the financially better deal, so if you could buy a property worth $500,000 for $300,000 then that trumps the area code.

    the exacts of the deal far out-way the exact area.

    Does that make sense?

  • Jaxon replied to the topic LOW CEILING HEIGHT in the forum Help Needed! 5 months, 1 week ago

    Now I have sold properties with Ceilings under 2.4m for older dwellings, they cannot be classified as bedrooms and technically are not to current code.

    now I would want your insurer to confirm they are covering this (if your renting)

    I would want to be appear this is and isn’t an issue.

    The main thing is your going to have to raise it to get it…[Read more]

  • Jaxon replied to the topic LOW CEILING HEIGHT in the forum Help Needed! 5 months, 1 week ago

    There are no differential standards for buildings on the basis of when they were constructed, or how many units they contain. However, compliance with the Building Code of Australia is not retrospective. Under the Environmental Planning and Assessment Act 1979, a building only has to comply with the Building Code of Australia at the time of…[Read more]

  • Mate so stoked and happy to here that for you Tom, great outcome.

  • Jaxon replied to the topic Analyzing Property in the forum Help Needed! 5 months, 3 weeks ago

    Pleasure mate,

    look you can take as far as you want, but for me the above has proven to be enough.

  • Jaxon replied to the topic Analyzing Property in the forum Help Needed! 5 months, 3 weeks ago

    Really for expenses its just what you will have generally, yes you can add and allocate extra costs but its all personal preference.

    So main ones are
    -repayments
    -BC
    -Rates (land and council)
    -management fees
    -Insurance

    that’s about it from my perspective, depending on property etc.’

    So you workout income – expenses = yearly return.

    then yes…[Read more]

  • Jaxon replied to the topic Analyzing Property in the forum Help Needed! 5 months, 3 weeks ago

    42 Cohuna Street Income breakdown

    Name Expenses Income Weekly Total Yearly Total Total
    Rental Income 240pw 240 12480
    Mortgage Repayments 110 110 5720
    Rates 24.9 24.9 1,294.86
    Home and Landlord 13.59 13.59 707
    Management Fees 21.13 21.13 1099

    Total Income $240 $240 $12,480.00 $12,480.00
    Total…[Read more]

  • Jaxon replied to the topic PPOR and CGT in the forum Legal & Accounting 6 months ago

    https://www.finder.com.au/capital-gains-tax-selling-property

    Main place of residence
    You can avoid paying CGT if you sell a dwelling that’s considered your main place of residence. You can only ever have one main residence at any given time unless you’re selling your old main residence and buying another. In this case you’re entitled to an…[Read more]

  • Jaxon replied to the topic Subdivision in Perth in the forum General Property 6 months ago

    Joe if its your first Sub Div,

    go into your local town planning office, try sit down with a planner and learn,

    usually a private certifier can do the whole process for you and will be worth having until you learn the in and outs of the requirements.

    I say this is the simplest way to get started and get an idea of costs.

  • Really simple Terry, I am not a lawyer and do not claim in any way to give any legal advice, as to explain what a trust is, explaining some trust have tax incentives (of which you have to seek accounting advice) or general comments in relation to the fact there are different trusts all falls under general, given advice as to what someone should…[Read more]

  • To disclose in case it already wasn’t, please seek legal advise obviously for specifics

    for myself I feel the above advice is appropriate for me, you should obviously seek legal advise for your own situation as there are many variables, the above is merely an overlying simplification and is not professional advise.

  • Adam every step you make should serve a purpose,

    now for me the only real benefit is you can change a family (discretionary trust) ownership and payments at your own discriection, this is huge value under the right setup and I feel mainly pointless really while building a portfolio.

    to be honest why pay for a complex or even simply trust…[Read more]

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Jaxon

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