PropertyInvesting.com | lidfest | Activity https://www.propertyinvesting.com/members/lidfest/activity/ Activity feed for lidfest. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6e09bd90fed0d3ee1cfeeb2036c0ceaa lidfest replied to the topic Networking In Sydney in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369980-networking-in-sydney/#post-4444263 Sun, 14 Dec 2003 11:37:15 +0000 look in the heads up area. titled next sydney meeting. i have not been but may be closer for you.

]]> db442a71b79f170c702bfd0783aeff05 lidfest replied to the topic Networking In Sydney in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369980-networking-in-sydney/#post-4444260 Sun, 14 Dec 2003 10:35:06 +0000 what area are you from? ive read there’s a group that meets at five dock. im near parramatta, this would be alot better.

]]> 78323a66416650609fb7eab191db7828 lidfest replied to the topic Please explain ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369710-please-explain-2/#post-4442033 Tue, 02 Dec 2003 11:01:52 +0000 also, if there are no beneficiaries that pay less than the highest margin of tax it may be worthwile to set up a company to be the trustee. the profits can then be distributed back into this company and pay tax at 30%.
you can be the director of the company so you control what the trust does. about $1000 to set up the company ive been told.

]]> 568b8fbb00bb0cd1bf5b285f4e9b8f4f lidfest replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/#post-4442219 Tue, 02 Dec 2003 10:52:05 +0000 Wentworthville. suburb of parramatta.

]]> 903b9d5d2f58567163eb72012d53de15 lidfest replied to the topic next meeting in Sydney in the forum Opinionated! https://www.propertyinvesting.com/topic/4368202-next-meeting-in-sydney/page/3/#post-4430253 Mon, 01 Dec 2003 12:08:21 +0000 I went to steve’s seminar on the weekend and its made me realise that its alot easier to learn with imput from a group of people.
Is anyone getting together in the parramatta area at the moment. i seen a few posts from the kellyville area this would also be handy. please send me an email.

Paul. lidfest@hotmail.com

]]> 016d1c17db9acb2e4f7b82d663380cf7 lidfest replied to the topic Please explain ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369710-please-explain-2/#post-4442027 Mon, 01 Dec 2003 10:14:44 +0000 i spoke to an accountant today and he said that the cgt discount will continue, will get more opinions soon. good point about the land tax. he also brought this up so its something to consider. to get to that 260k threshold do all your properties add up together or is it taken per property? does anyone know the amount charged as land tax then if…[Read more]

]]> 23243bf196921ef040246ffaf2941950 lidfest replied to the topic $1,000,000 to spend but need question answered 1st in the forum General Property https://www.propertyinvesting.com/topic/4369675-1000000-to-spend-but-need-question-answered-1st/#post-4441656 Mon, 01 Dec 2003 09:39:21 +0000 this property is just an example isnt it? the one you mention earlier in FNQ sounds interesting. do some numbers on that without stamp duty, legal fees, and other buying costs and see how you go. should give some good figures. 12% yeild isnt it.

]]> a65cbac8bb8f46887903ab419213ffb5 lidfest replied to the topic $1,000,000 to spend but need question answered 1st in the forum General Property https://www.propertyinvesting.com/topic/4369675-1000000-to-spend-but-need-question-answered-1st/#post-4441653 Mon, 01 Dec 2003 09:25:30 +0000 i got around $1400 per year repayments at 7% on borrowing $17500. did you calculate on borrowing more money? you dont want to include the stamp duty and legal fees in your numbers to work out yearly cash flow. these are one off costs that come out off your pocket at the start. without these it is more like $1082 per year or $20 per week. if you…[Read more]

]]> 3e91a645fc903b8413201a71d54b2492 lidfest replied to the topic Absolute beginner with $100K in the forum General Property https://www.propertyinvesting.com/topic/4369397-absolute-beginner-with-100k/#post-4439468 Fri, 14 Nov 2003 12:34:21 +0000 You can look in other posts to find the formula for the 11sec rule. the way i do it is take the purchase price and remove the three zeros {000} from the end. double that number and that is what your weekly rent should be. eg. 100,000 property.
100×2= 200. $200 is your aim for weekly rent. i think this works?? if im wrong please let me know..
im…[Read more]

]]> 5b92c2394eb5bb8d74a7e04fbb4ae12b lidfest replied to the topic Where do I start? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367739-where-do-i-start/#post-4427702 Thu, 11 Sep 2003 08:20:30 +0000 Im in a similar position to yourself and have been trying to read as much info on this site as possible, looking at real estate websites to find possible locations and making enquiries to see how much money i can borrow. Also about to see an accountant to talk about a trust setup, could be good in the long term. Im going to start with buy and…[Read more]

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