I am avoiding units now and focussing on houses and generous land sizes. There are a lot of new units to come onto the market in the near future and i believe this will have a negative impact on prices for units. Yields over the last 24 months have dropped from 9% to low 6% – very low.…[Read more]

OSS

Thanks for your reply.

I understand the need to engage a QS but was wondering what results other investors have with them. ie how much write off.

Ball park figures will do. I understand the numbers will vary according to age, cost and quality of townhouses.

Any numbers people can throw at me would be appreciated.

OSS

I use the same lender. I explain to the lender what my plans are, provide them with figures and sales figures on other properties in the area for renovated homes. Bank gives me finance and line of credit and when the work is done, i apply back to the bank and ask for a variation on the loan limit. Bank then commissions valuer…[Read more]

OSS

You could look to make some improvements to your home that will add value. Ideally you do not want to spend a dollar that will make a dollar – rather spend a dollar that will make $3. you will need to research this as to what will add the most value (will the work you do add value?)

Eg Buy house worth $180K. you could paint it,…[Read more]

Anyway back to property trusts. I have holdings in a few listed property trusts. I have gone for the larger capitalised trusts as long as price to…[Read more]

Speak to your local Real Estate Insitute office – REIQ here in qld

Most of the examples people have listed here show that growth is x% and you drawdown a certain percentage of that, Interest is at x% so your net position is …….

Um if you still own the properties, don’t you have other expenses…[Read more]

Thank you – this was probably the topic i enjoyed the most so i guess the results showed.

I am 3/4 of the way through it – Currently enrolled in Investment Planning 2 (distance ed) and have yet to do Financial Plan & Construction (last topic). My plan is when i have finished my current project in Weipa i will probably return to Financial…[Read more]

Completed the Estate Planning Course the other week.

Received 100% for assignment
and 99% for exam…

…and do you think i was pleased….[biggrin]

OSS

In regards to the public liability on your properties, i believe each policy will only cover events occurred on that particular property.

Scenario 1 Eg tenant in house 1 trips over steps and goes through a plate glass window which makes a hell of a mess of tenant. In this instance you may be covered by that policy. However if someone else…[Read more]

I have engaged the use of a professional (Building Services Firm with Architects, Engineers, Town Planners).

Ok here is the info to date
Upon speaking to Council Town Planning, i was informed i could build buildings with a roof over it on up to 50% of land content. This was fine as existing buildings total approx 225m. Council informed…[Read more]

Hey look, i admire you for asking this question, but honestly… do you think people are going to handover their months of research for other people to go and steal their deals?

If you want info like this, subscribe to a stockbrokers newsletter

How about you tell us about the deals you are looking at, give us the street address,…[Read more]

I used to work for one of the 4 pillars as a Financial Adviser from 1998-99 and started studying the old Diploma of Financial Planning, but resigned when the job remained at that time a ‘sales job’ – you know sell product – managed funds and poor ones at that, super, insurance etc and not so focussed on providing workable solutions for…[Read more]

I forgot to highlight if you pass your PPOR to a Testamentary Trust or natural person – there should not be any CGT payable by your estate.

Testamentary trusts are established by someone’s Will when probate (when the proof of the Will is obtained) is granted. It may be of benefit in your example of…[Read more]

OSS

I know that death does not necessarily constitute a Capital Gain/Loss event. I believe that when a natural person receives an asset from an estate the beneficiary is recorded to have acquired that asset on the date of death of the nominated person. No tax will be payable until the beneficiary sells it later, which that person will pay at…[Read more]

It will make filling the lawnmower up with fuel so much more expensive[biggrin]
People will want to move out of houses into units so there is no need to pay for fuel [idea]

Ok so i am not serious here but just could not resist throwing that in there.

if I (individual) was to borrow say $30K at 7% from a bank for a deposit and loan that money to your trust to buy a property, i understand that the interest on your loan ($3OK) is not tax deductible. However what if the trust paid you interest on your deposit eg at 1%. As you are now receiving income from your borrowed funds – could you…[Read more]

I went to your money magic seminar in Brisbane in 1999 i think and you were talking then about your dream to get into acting and going to NIDA. Being a wannabe actor myself, just curious what happened to that? Do you still wish to go or did you not make the cut like so many others?

There used to be some cheap mounts in the Fortitude Valley but all have upped their prices recently

I saw something that may answer your questions on the ATO website. Do a search under either vendor finance, instalment sales, instalment contracts. This should produce a list of test cases etc and i know one of them will address you question. I think it mentioned CG is assessable once the title is handed over or you are cashed out of the…[Read more]

Chasing both..not exclusively one or the other but go after both depending on the market conditions. When property is hot, i will be chasing prop that has a good likelihood of increasing in value (as long as any neg cashflow can be absorbed) – hold, not to sell and continue to refinance, draw…[Read more]

Try the tax office website. They have a number of infomation booklets you can download for free and give you details on what you can claim, what documentation is required, depreciation guides etc. I would download these read them, gather the information you have already and or look for more receipts etc. Then take these to an accountant…[Read more]

I am trying to work a deal using an option at…[Read more]

I would consider the following:

Does the tenant wish to move? Is s/he a good tenant? What is the current market like for property and units in your area – are they still rising and do you believe the value to futher increase in the area?

If i was happy with the area and tenant, i would use the $5K to go towards another property in the…[Read more]

Wow – what a response. I was expecting only a couple of messeges. Thank you very much for your advice, your experience and suggestions.

I like the suggestions about detailing all my fears about each investment decision. Would people mind if i posted back some questions i may have on overcoming some of the risks? I guess i can only…[Read more]

Northy

I am sure i read somewhere that the purpose of this site is to promote discussion of positive cashflow producing property investments…or something like that

So come on, could someone with a little knowledge on this share…[Read more]

U make money…[Read more]

Thank you for your response. Okay that might clear up the debt and repay the banks back, but what will happen if there is no longer anyone left to run the business?? For some of the larger wrappers it may be ok as they employ staff, but what are some of the smaller wrappers doing who do not have any staff?