[NooobMember@nooobJoin Date: 2012Post Count: 34]

August 12, 2012 - 1:58 am

Cross Bentley out of your list. High crime rate

Dianella and Morely (and inglewood) are all good suburbs but don't get too close to the Maylands boundary

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August 9, 2012 - 3:11 am

Update:

I've tried to buy the book from Chris's website (hard copy or soft copy) and it didn't work

I found it here for 1/3 of the price:

http://www.propertybooks.com.au/how_investing_in_commercial_property_really_works

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August 9, 2012 - 2:55 am

I found this in another forum:

Quote:

… I take advice from an old friend who is a commercial property agent. The way that he does business is that he has a group of friends/investors (which includes himself) that set him up with a slush fund of about $100k. He'll look over a bunch of commercial property and…

Source:

http://www.aussiestockforums.com/forums/showthread.php?t=14370&page=3&p=410260&highlight=commercial#post410260

---

I do not know anything about how it works but I know that as an investor you have to put 30% in and pay a much higher interest rate (~10%)

If I could track down a group like the one mentioned in the quoted post, I would jump in as soon as I can as my knowledge is very limited. Meanwhile I'm going to Steve McKnight's advice and read this book.

Thanks for asking the question and thanks for everybody else's replies

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August 8, 2012 - 3:57 am

Every now and then leave everything you know behind and think free;

Let say I have a property that worth $20k and I sell it to you for $200k and you can rent it out for $10/week… and oh boy, it will double up in 7 years! you don't believe me look at price of the houses in the last 7 years (2005 to 2012)

Does it sound like a perfect opportunity to offset all of your taxes with negative gearing?

---

Even if a property is positively geared, you still can deduct depreciation AND have money in your pocket to buy more.

Find the balance between capital growth and positively geared my friend

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August 6, 2012 - 6:51 am

Freckle

I was wondering what are you investing in during these uncertain times.

(I'm quit lost as I can see the bubble in the charts but I don't see any sign of deflation)

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July 29, 2012 - 1:39 pm

Thanks Bardon
if you had the chance please read this book.
It is by Peter thorn hill and it is extremely powerful

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July 29, 2012 - 6:48 am

simple wrote:

…One can consider it as your personal INFLATION ADJUSTED savings account outside banking system… 

I couldn't have said it any better.
I'm reading this book "Motivated money: You've invested well? Compared to what?" which I strongly recommend (I'll finish it by tomorrow).
What it said is; gold, silver and property are all forms of inflation resistance savings not wealth growth machine.
Look around, all property gurus have some sort of business to make money, then they invest (save) the outcome in property.
Robert Kiyosaki, Michael Yardney, Margaret Lomas and every other examples we have are physically working in a business to make money and then (invest) save it in property.

I'm not saying it is bad or good, it is by far much smarter than what I've been doing all my life.
All I'm asking is; with the same amount of risk can we do better?

I don't have an answer yet

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July 27, 2012 - 3:29 pm

I know that 99% of people here in this forum are pro properties and they would challenge this; but I think the foundation of oz economy is corporations.
government will do whatever it can maintain the affordability of house price but there is no such controls required for corporate shares.
I’m buying till it all crashes and then I buy more.

Have you compaired your asset growth against any other type of investment to see how well you performed ?

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July 26, 2012 - 10:43 am

Yes Bardon
The good news is that if you invest in the right property, even if you lose money in equity short term or long term, you'll still be fine.

Also I believe that inflation will get worse as government can see that people are becoming cash hoarders, inflation is the government's weapon to push them to invest.
This will artificially increase demand for small cheap properties.

You can see the signs of it here in this forum. Most questions are revolving around $200k properties.

Robert Kiyosaki said 2016…
Lets get ready and plan ahead

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July 25, 2012 - 1:21 pm

I don't think that there is any future for the stock market with current legal system and soon a lot of people will redraw their supper (you can see the signs of more and more posts about SMSF).
They will be investing in property as a safe haven for their money which will increase the demand = increase the housing price = more redraw from super  = crash of the stock market = major drop in housing price as it happened before.

I see fractals my friend:

As we are getting closer and closer to the core, the spacing between the repeat of sequences will be reduced.
It is the reverse sequence of how you made your portfolio, first started small, then bigger and bigger steps.

The core is not the end. The core is the start of a new era

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July 24, 2012 - 2:23 pm

I'm with Luke in this case but if you had your mind all set for one of these two, then go for Rockingham.
– It has a lot of big industrial corporations around including Rio Tinto, Leighton (SLC) etc and a lot of fairly large size corporation are working at Henderson which is close to Rockingham.
– It is close to beach and 10 years down the track coastal lands will be much more valuable than inland suburbs

I know that Armadale has train line and everything but its train line has its own channel on youtube!!!

http://www.youtube.com/watch?v=wJQrOCJ_qls

http://www.youtube.com/watch?v=cFUkF-MbMmM

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July 22, 2012 - 3:31 pm

If I were you my first step would have been talking to a savvy accountant and setting up a proper trust system while you are single.
Just in case you got married and divorced again, you don't wanna lose everything.

I know you are still hot and thinking I will never marry again but there is no harm in protecting your assets.

BTW congrats on coming back to singlehood

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July 19, 2012 - 2:41 am

You bought a house for $430k and rent out the spare room for $670!!!
I'd say rent all of your rooms and move out to a new one.
This is a massive CF+ property, don't worry about any diversifying. buy the house next door

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July 13, 2012 - 3:10 am

BTW, we are using them as office on the barges and we hired them with windows and door and everything from Coates Hire.
I don't think I can rent it to anyone.

http://www.coateshire.com.au/site-accommodation-hire/

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July 13, 2012 - 3:00 am

Von Krumm wrote:

… AFAIK you don't need footings and as they are structurally sound …

That is not true. They classify as a light weight structure and they need to tie down to the ground properly in case of storms and strong winds. But the tie down systems are fairly cheap (less than $3k)

I've been involve in construction of a lot of mining camps and I've never seen them being used. They are usually using sandwich panels and prefabricated buildings instead of containers. Not exactly sure why though.

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July 12, 2012 - 11:37 pm

Good on you Max Collins
If you give us some ins and outs on how to approach this matter, we will be able to use your service and injecting more cash in your industry and businesses like yours.

Here is an example.
I found a property that it worth $500.
Due to special circumstances I can buy it for $400.

How should I approach the lender and use your service to be able to use my equity straight away?

Thanks again

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July 12, 2012 - 5:06 am

Renel / Jasonlheath / S

I'm also a new investor in Perth. I think it would be a great opportunity that we can all get together and share our knowledge and experience with each other as we go forward.

Please let me know if you are interested.

As for the offer:
Robert Kiyosaki in his book "rich dad, poor dad" brought this example that he and his friends gone to see 6 properties and non of them where good. He told his friend to put an offer for half the price on every one of them SUBJECT TO APPROVAL WITH SOMEONE.

On the other hand Michael Yardney in his book "what every property investor…" said : I earned more money from saying "no" than saying "yes".
Maybe what you've seen so far is not match with your strategy!

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July 11, 2012 - 8:55 am

There was an article in YIP (or API, can't remember which) about a bargain hunter who purchased the property subject to the purchase price remaining secret.

I was trying to explain his method for a friend of mine and I couldn't find the damn magazine.
There are clauses that you can use to keep the purchase price secret. Valuers sometimes looking at the commission that the real estate agent is taking to estimate the purchase value.

The downside with these methods is that sometimes the seller is going cold feet when he realizes that the price of his property is higher than what he's selling it.

If I found the article, I'll let you know which issue it was in.

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July 5, 2012 - 12:32 am

Found this info regarding the trust setup:

http://www.propertybooks.com.au/family_trusts

Apparently it is not suitable for my case.
I'll dig more…

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July 4, 2012 - 11:56 pm

jnb
Thanks for your reply.
Would you suggest any books regarding the corporate/trust setup and the taxing on the corporations that I can educate myself before I talk to an accountant?

Thanks again