There are fellow forum contributors that has invested in USA. Contact Westan and Alvin, they have bird-dogs that can refer positive cashflow deals (mostly in state of NY) to you. However, it depends on your personal preference and also your financial situation. Do a search on USA investing and see what comes up.. Also, get your hands…[Read more]

thanks for the interest post. Too bad that I cannot join the meeting or the trip to US cos of work commitments. However, I am currently focusing on TEXAS market. I am focusing on two large cities (Houston and Austin) who has experienced good population growth for last 3 years and also provide strong employment opportunities. However, I…[Read more]

I am actually going to the info session on Tuesday night, but just before that, I was wondering whether anybody will recommend a website or magazines or books that I can read up regarding the property market in the USA (e.g market performance, settlement process, negotiation terms)?

Cheers
john

Want to join financial…[Read more]

Would the loan process become easier if I am purchasing property via trust strcuture (incorporated in NZ) and taking out loan in name of trust? Also, can you recommend some reliable accountants in NZ that will assit me in setting up the best structure for purchasing IPs in NZ?

Cheers
john

Want to join financial independence before 31…[Read more]

I was wondering can somebody recommend whether it is a good idea to purchase IPs in NZ using a hybrid trust (incoporated in Oz) or is it better to keep Oz investments completely separately from NZ?

Also, can somebody recommend a reliable accountants that will assist in getting the correct structure for…[Read more]

thanks
john

Want to join financial independence before 31 years old, currently 25

Let me try to understand this theory. Rather than me trying to second guess what the potential tenants want (which can differ from individual to individual), I offer them the basics (which is 160/week as what the rental appraisal says) and then offer them extra benefits (provided that the property is in a livable stage)?

thanks
john

Want…[Read more]

I’ve also just went to the masterclass in Melbourne. I suppose whether you are keen to reduce your tax bill. The reason being I am currently working and purchasing properties via trust structure. In order to reduce my tax bill, I am currently purchasing properties in trust name but the loan is taken out in my name, as the corporate trustee…[Read more]

* 10K rent
* interest payments of 6K
* annual management cost (insurance, body corporates, rates) are 4K
* depreciations are 4K
* repairs are 3K

Cheers
john

Want to join financial independence before 31 years old, currently 25

What’s happening with this property is that the loan is taken out on the trust name and I am the guarantor of the loan. the numbers for the property are:

* 10K rent
* interest payments of 6K
* annual management cost (insurance, body corporates, rates) are 4K
* deductions are 4K
* repairs are 3K

Excluding the interest payments, the…[Read more]

So I’ve heard about negative gearing and I thought the losses can be claimed against your own personal income. If the trust is not possible to distribute losses, why would anybody purchase investment properties via trust structure?

Thanks
john

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to…[Read more]

1) kitchen benchtop
2) shower screen
3) vanity unit
4) toilet and cistern unit
5) cooktop packages
6) door handles for kitchen cabinet
7) timber or vertical blinds

but i am unsure whether…[Read more]

1) if the old fittings is worth $4000, how much can i claim it as write off

2) if I don’t replace the exisitng fixtures, I will not be able to rent out the room individually, cos the existing tenant has not been taking good care of the property, therefore can it be regarded as…[Read more]

Cheers
john

Want to join financial independence before 31 years old, currently 25

I am intending to rent out each room individually to either working professionals or welfare recipients, all utility rates will be included in the rent..

Cheers
john

Want to join financial independence before 31 years old, currently 25

thanks for your quick reply, according to the builders report, the tiles in the bathroom is falling off and it needs fixing, so in a way, it was justified? and also, if there is termites and the cost incurred to fix up the termites, is it tax deductible?

Cheers
john

Want to join financial independence before 31 years old, currently 25

1) you are not buying a lemon
2) if there are something major, you can ask the vendor to fix it before settlement or to ask vendor to compensate you for taking the extra risk

Good…[Read more]

1) to…[Read more]

Cheers
john

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to join financial independence before 31 years old, currently 25

I am a newbie in property investing and from what I’ve found there is some areas that are good for growth or for vendor finance (definite +ve cashflow) in regional VIC (like Horsham or Traralgon)…

Cheers
john

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to join financial independence before 31 years old, currently 25

* ask vendor to fix it, or
* reduce the asking price

Cheers
john

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to join financial independence before 31 years old, currently 25

thanks for the advice. Is it more possible to put them on a lease plan, renewable every 12 months (with repayments slightly higher than market rent?) so as to monitor their cashflow position? Therefore, when the cashflow position improves (no longer playing catch-up game with rent), then maybe I will extend the lease option to 3×3? Is…[Read more]

where did you find out about all this bargains because I’ve just enrolled in the masterclass and also purchased the second book?

Want to join financial independence before 31 years old, currently 25

Want to join financial independence before 31 years old, currently 25

I suppose there is no set way of doing things, just try a few and find one that eventually works…[Read more]

Want to join financial independence before 31 years old, currently 25

Good Luck

Want to join financial independence before 31 years old, currently 25

Cheers
john

Want to join financial independence before 31 years old, currently 25

Also, if I wrap the property after settlement date, will I incur more cost (legals) than if i factor in the vendor…[Read more]

thanks for answering my questions, from what I understand, if the future owner defaults on payments, the VF company will repay me out of their pockets (in the meantime, they will find another future owner – possibly within a week) but thats questionable.. Also, they make money by charging a lump sum fee for arranging the vendor finance. I…[Read more]