Love WA & Perth options, I am happy to answer general questions (please note I cannot provide specific advice as I operate a FP practice.

you can if you choose to buy/structure that way potentially.

also you could use debt recycling & other strategies to maximize the deductions potentially moving forward.

There are heaps of answers on forums like this to help answer.

Benny’s questions are great & show how detailed this can become to work all aspects out

Wish…[Read more]

some of the ones that play in my head repeatedly are

“do not pray for an easy life, pray for the strength to endure a difficult one – Bruce Lee”

“He who says he can & he who says he can’t are both usually right”

“be greedy when others are fearful & fearful when others are greedy…[Read more]

as an example I made over $150k the day I bought

1 Government Road, Labrador

earlier this year.

I bought for $560k & was worth around that 700k at time of purchase, once reno finisehd will rent for $1100 & be worth 850k+

So

“If the focus is on making money at the time of purchase, what’s the point of holding then? I…[Read more]

Is it for capital growth?

how does this fit your financial goals?

just purchased a site on Gold Coast that I can do 3 townhouses on now.

happy to have a chat with you mate

Kind regards
Jaxon Avery

Kind regards

Jaxon Avery

Yeah totally agree mate, its finding that and having the cashflow to facilitate the deal & get it over the line.

So under contract and found a deal that is cashflow positive, under market value & zoned RD6 so maybe 18 bedrooms max.

Its a very tricky lot & something even the town planners states is very tricky so we will…[Read more]

I had been planning to purchase a house on RD5 zoning for under 650k on the gold coast to later split to 4 townhouses. (1 bed per 50m2)

But within two months all 6 or so have sold and now it appears the gold coast just doesn’t have similar options that are g…[Read more]

Might be worth considering?

Seek professional advice.

Wish you the best!

Disclaimer : this is general and in no way specific advice.

Wish you all the best!

Mate finding a CF+ property is not hard, and that’s before talking about TAX benefits.

The growth is speculative, however, can be forecasted.

Well I do these things with clients and ask a lot more than the above mate, I would say you need to understand firstly your current financial position and your end financial goals and…[Read more]

Mate finding a CF+ property is not hard, and that’s before talking about TAX benefits.

The growth is speculative, however, can be forecasted.

Well I do these things with clients and ask a lot more than the above mate, I would say you need to understand firstly your current financial position and your end financial goals and…[Read more]

If I buy the new property for 500k but the older ones 550k then?

I agree with almost everything you said though.

well given your situation I wonder what your end goal is? $1000 PW in income? as this would be above what you currently earn and imagine it might sustain you?

if you provide what your goals are then maybe some clarity can be provided on basic info for you.

Wish you all the best!

(This is all General Info)

Hopefully things clear up for 2021

if its a quick sale then its technically distressed.

E.g if average sale is 80 days, goes in 10 days due to lower price, to me this qualifies.

So I would say dont be narrow minded mate.

Also funnily enough gotten deals on GUMTREE personally under valued (not forced sale though)

Mate if you find “listing repossessed properties” or some database like this Id love to know.

as usually the bank just…[Read more]

Costs down? do you mean to grow the funds? I feel lost mate.

can you clarify.

So few ways, one constantly watching Realestate & domain.

Better than that, is to build relations with local agents & explain your a cash buyer & your criteria.

I get your saying some agents say it doesn’t exisit, it does as the building I am in right now was a forced sale.

Spend the time & study, TBH unless your…[Read more]

and you both gave personal guarantees for the properties?

Would it not be as simple as getting a valuation, paying your partner out of the ownership he has in the company then you have sole ownership & have not had to restructure nor incur any major fees in the process?
Not a recommendation at all,…[Read more]

So you have other properties & accounting for all actual costs?

https://www.dss.gov.au/housing-support-programs-services-housing-national-rental-affordability-scheme/about-the-national-rental-affordability-scheme-nras

”

Amendments to the NRAS Regulations to create protections for Investors
The Australian Government has…[Read more]

So you have other properties & accounting for all actual costs?

”

Amendments to the NRAS Regulations to create protections for Investors
The Australian Government has legal arrangements only with approved participants and these legal arrangements do not extend to dealings that approved participants may enter into with…[Read more]

You can certainly do great today, tomorrow is obviously hard to forecast but if the world recovers & goes back to business as usual then yes there will be future growth.

One thing is – there has never been as much money in the world as of today.

Providing the population doesn’t do anything crazy, property will be a great financial…[Read more]

So technically they are different in the sense refi is restructuring a loan.

Equity release may be many terms or means to release the equity.

From my understanding its more an overview of a way to release equity without selling as per the below structures

-Reverse Mortage

-partial sale

-sell FV of property

-Line of…[Read more]

So given to add on the breakdown provided by Terry.

1. if your goal is 250k PA passive income off your portfolio, is this just property? I will presume the plan is to use the revenue from your business of which there is excess & use this to grow your portfolio base further?

2. what should i do to reach my goal under the time…[Read more]

I live on the gold coast & I would question is this strategy better than just buying a property ready to room let out?

have you done comparisions of cost time etc.

as an example, I have a client who purchased a property in Southport (3b townhouse)

converted garage to ensuited room.

gets $780+ rent as now its a 4b and rents t…[Read more]

I live on the gold coast & I would question is this strategy better than just buying a property ready to room let out?

have you done comparisions of cost time etc.

as an example, I have a client who purchased a property in Southport (3b townhouse)

converted garage to ensuited room.

gets $780+ rent as now its a 4b and rents t…[Read more]

Terry’s points are great.

By the sounds, I imagine the issue is the pension is not enough>? which should be around $711+ per week for a couple?

Let’s assume you can’t find any way to sustain your current situation, then you incur lots of fees in the sale, you would grant yourself the possibility however of lowering…[Read more]

So I have very specific case study breakdown I do for clients with potential investments they may be looking at.

You can always look at SQM or any other data house that does property reports to then use their data input to essentially create your own.

You should be able to cross-reference all current ones & use that data to…[Read more]

So I have very specific case study breakdown I do for clients with potential investments they may be looking at.

You can always look at SQM or any other data house that does property reports to then use their data input to essentially create your own.

You should be able to cross-reference all current ones & use that data to…[Read more]

Agree with Richard in relation to the above answer

although the above is very simple, it alludes to some of the bigger questions surrounding your situation & that there may be multiple things that can be done to enhance & clarify multiple aspects of your situation your purchase etc.

All of this will help you better understand…[Read more]

Agree with Richard in relation to the above answer

although the above is very simple, it alludes to some of the bigger questions surrounding your situation & that there may be multiple things that can be done to enhance & clarify multiple aspects of your situation your purchase etc.

All of this will help you better understand…[Read more]

so all I can say is this is multi-leveled complex in-depth question, It requires looking at so many different aspects & then more on top of that due to the exact area, type of property, type of purchase requirements etc.

If you go through the forums you will find lots of details on each aspect of this.

really worth reading a lot on…[Read more]

almost? haha, has she compared options if your not happy with that strategy?

Firstly to confirm your talking about the FHOG? *(First home owners grants & HOMEBUILDER SCHEME

https://www.wa.gov.au/organisation/department-of-finance/fhog

https://treasury.gov.au/coronavirus/homebuilder

So from my understanding previous…[Read more]

almost? haha, has she compared options if your not happy with that strategy?

Firstly to confirm your talking about the FHOG? *(First home owners grants &

https://www.wa.gov.au/organisation/department-of-finance/fhog

As well as this scheme? is that correct? & also the new build…[Read more]

yeah so simply (it is not every person in that role)

but a lot of these styles of companies are just sales agents who just want to do a good job & generally may not even understand its firstly not in the best interest of the client comparatively. (to other options)

I honestly just feel the value most of…[Read more]

yeah so simply (it is not every person in that role)

but a lot of these styles of companies are just sales agents who just want to do a good job & generally may not even understand its firstly not in the best interest of the client comparatively. (to other options)

I honestly just feel the value most…[Read more]

Pleasure mate

Yeah they have not been “efficient” for a business model that validates itself with how “efficient” it is.

But this is all a great sign I feel as its likely a company with the right structure may step in and lower the management fees & alter the industry somewhat. (although many have tried in real estate sales…[Read more]

Pleasure mate

Yeah they have not been “efficient” for a business model that validates itself with how “efficient” it is.

But this is all a great sign I feel as its likely a company with the right structure may step in and lower the management fees & alter the industry somewhat. (although many have tried in real…[Read more]

I presume you did not go forward?

It’s sad how many great presenters/sales agents are out there doing their part to backsteps Australians reach their financial goals by promoting them to reach their financial goals/great deals.

Mate, I am biased as a financial adviser as I understand the value that can be provided but I would…[Read more]