I have just been to a seminar that property investing ran with Martin Ayles.

The basic theme with commercial property is that the rent is everything.
-When it comes to lending off banks the better the tenant (eg. mc donalds v’s a fish n chip shop) the easier it is to get finance

their advice was get a tenant before you go to far down…[Read more]

I’m looking at a block of four units.

does this void the strata if i own all four of them?

What do you mean by lower LVR

Cheers
Nicko

I thought that if a trust generates income then it gets assessed like a person.

eg if the trust can service the loan with its passive income from other IP’s

is this true or do you have to go guarantor for every loan that your trust applies for

Nicko

thanks heaps for all your help not just in this situation. its great to have such a good pool of info to bounce things off

we have a friend that works in the ATO who actually suggested it to us and he is looking into in closer detail at the moment and wasn’t sure if he was pulling our leg or not.

because it has been our PPOR for the last…[Read more]

slightly [offtopic]

Just wondering if any body new the minimum size for a block of land or where i can find the info on sub-division sizes and so on in the onkaparinga council e.g. Christies, port noarlunga etc.

Thanks

Nicko

overall we have a positive portfolio but some IP’s are running at a loss and some are +ve

we were looking at setting up a family trust because we are heading in the +ve direction.

we are also looking to start up a partnership with another couple doing minor property development, will we have to set up a different trust for the…[Read more]

if a HDT = Hybrid Discretionary Trust

does that mean that DT = Discretionary Trust

what are the major differences between the two

pretty basic but just learning

thanks

Nicko

we thought it was a great deal with no application fees.
yes we are Xed and worried about it as well.

looks like we’ll be trying a new broker which we have thought alot about since the last IP

Thanks again

Nicko

in my posting the thing i was trying to get across was that the only way i think you can go full time was when you substitute your income with a passive income.

i suggest reading such books as rich dad poor dad and steve’s first book (0- 136 properties i think ) they out line what it means to become finacially independent and opened my…[Read more]

stay away from christies beach!!!

I live here i want them all to my self .

just jokes it is great over here we own 2 IP’s in christies beach and there is a fair bit going on. just down the road someone has bought 2 blocks side by side and built 5, 3 br town houses.

rental return isn’t the greatest but we all have our little…[Read more]

my partner and i have done almost the exact same thing as you. We bought a house for $110,000, in total spent $1500 and in total approx 1 week doing minor reno (paint etc.)

we are lucky that i was a painter and now i am on my 2nd trade( plumbing ) i know a lot of guys in trades and it is amazing how far a bbq and some beers will…[Read more]

I agree the market is really strong at the moment, just the other day there was an article in the paper saying auction rates were up around 80%.
we have managed to get some positive properties around adelaide you just have to be creative with what you are offering the market and do you research.
Think out side the box they are there

yeah we have bought a IP close to a mine it is doing really well

we are now looking closely at the CBD and the beach side suburbs cause they are starting to thrive

Nick

i am from Adelaide and also going to the seminar and to my knowledge it is being held at the Hyatt on north terrace which is in the CBD any accommodation in the city or north adelaide would be perfect

nick

In steve’s book he talks about his trust and how he goes Guarantor for his trusts, where he can use his income earning ability to secure multiple loans, allowing him to control far more property than if he was borrowing in his own name.

If you are Guarantor on a loan at one bank does it go on your credit file or can you…[Read more]

good idea

we do know somebody who is in that exact situation which we havent seen for a while

we go and look at open inspections of top houses. where we want to live when we start to struggle, but we have been to busy of late

so we’ll just have to make time to see why we are doing it

thanks again

good idea

we do know somebody who is in that exact situation which we havent seen for a while

we go and look at open inspections of top houses. where we want to live when we start to struggle, but we have been to busy of late

so we’ll just have to make time to see why we are doing it

thanks again

we are going through the same thing at the moment in Adelaide we are looking for cheap kitchens are the flat pack kitchens the best way to go or is there another option

cheers nick