Total Members: 158,033

jfk_o

  • jfk_o replied to the topic Property in Australia in still VERY cheap in the forum General Property 10 years, 1 month ago

    I have to agree.

    I don't think people fully appreciate five things.

    Firstly, the settlement pattern of the world is what it is because there is natural advantage at those locations.

    Two, human built infrastructure is consequentially now also loaded into those areas.

    Third, Australia looks big on the map but so does the Sahara Desert. Major…[Read more]

  • jfk_o replied to the topic Rental yields in the forum Help Needed! 10 years, 1 month ago

    Here's an oldie, the price divided by 1000. When I was young I was told "Never pay more than 1000 times the rent they are getting".

    Get all over this:

    http://www.housing.nsw.gov.au/About+Us/Reports+Plans+and+Papers/Rent+and+Sales+Reports/

  • jfk_o replied to the topic Strategy to make $1M in the forum Help Needed! 10 years, 1 month ago

    007,

    When you say call option what are the formalities for locking down legally such an option? (Contract, Caveat?)

    Is there a usual way that an owner of a property would be approached to make an offer to enter into a call option over a particular property?

    What sort of terms would be in such an offer?

    What are the key things to getting…[Read more]

  • jfk_o replied to the topic Strategy to make $1M in the forum Help Needed! 10 years, 1 month ago

    Review house prices in China, multiply it by 80%, put deposits on off the plan apartments at that price in areas Chinese are buying or with projects aimed a Chinese buyers. As unemployment rises in Australia its probably your safest bet. But that's all speculation of course. And 20% is a big ask on the back of a cycle.

  • jfk_o replied to the topic Structuring in the forum General Property 10 years, 1 month ago

    What is more important is your system for your investment selection. What data sources do you use for rents, property values, planning decisions, and demographics?

  • jfk_o replied to the topic Structuring in the forum General Property 10 years, 1 month ago

    I scan but then place documents up on the net, but to be honest with you the only value I have extracted so far from that is getting a phone number of a plumber I had used when out and about. Though if you need to be audited having docs in electronic form might be able to extract some efficiency – I wouldn't know.

  • jfk_o replied to the topic Structuring in the forum General Property 10 years, 1 month ago

    The volume of transactions in owning property is low, the value of some documents is high, therefore most systems, as can be seen from the responses here, are likely to be excel (because you can share calculations) and manila folder (because you have documents your would not shred even if you scanned). The more significant part of your system is…[Read more]

  • jfk_o replied to the topic First time investor, absolutely confused. in the forum Help Needed! 10 years, 1 month ago

    Hi Jacqui  –  Paul's question is about off the plan apartments in Brizzy, as to whether that is a good idea or not is not his question.

    Hi Paul – a book called the of Australian Taxpayers Handbook is well worth picking up 

  • jfk_o replied to the topic First time investor, absolutely confused. in the forum Help Needed! 10 years, 1 month ago

    Hey Paul

    Paul:
    46
    200k income
    450 house

    Wife
    46
    5k income
    100k share
    450k house

    (Super?)

    Buy unit – most tax effective plan next 10 years …

  • jfk_o replied to the topic China’s Latest Corruption Target: Overseas Real Estate in the forum General Property 10 years, 1 month ago

    Hi Hari

    Let me run the alternative proposition past you.

    "Developers have always targeted distant investors too, firstly, get rid of unsold dwellings for which there are no genuine local buyers – and, secondly, to go a step further and create new stock specifically to sell to distant investors, notwithstanding the local over-supply or depressed…[Read more]

jfk_o

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