seeing as Phil is bringing his own water AND frisbee…mid nov sounds good

~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ

What’s the go? What do you want to do? What is your budget? Describe the unit.

Is there any structural work?
How much will you do yourself?
And so on.

Michael

Thank you all for information. People who already looked into Berwick or who are from there, do you know the approximate price for brand new (already built) 3 bedroom unit. I understand that it depends on the location, but if I can get some ideas, will do my investigation further.

I’m in IT too as a System Administrator

Looking to get out. Can’t wait

quote:Only complaint I have – wish I had found it earlier []

Here! Here!

Thanks Steve

quote:
Centennial Park in Sydney has barbies and the kids can usually run wild there. Sundays are usually very busy – Saturday would be better. There’s also the big park at Homebush – near the Olympic site – maybe more central for people ? Only suggestions……….

Sounds great I’ll be up for that.

Keep me posted on what’s happening

What’s this get together about?

A friend gave me a REALLY OLD book a while ago on property. I can’t remember the exact name of it, but it’s no longer in print and has been one of the best books as I’ve read so far. it talked about wraps, buy and hold and renovating. Gave great tips, checklists and even gave examples of how contracts are suggested to be drawn out.

I’ll try dig…[Read more]

My partner and I spoke to a REA last week and how there was this possible property that may take our interest.

He said it was great for students and professors as it was cheap and not that far out from a university.

Anyways, my partner and I drive into the town and found a small street. Looking lost as we weren’t from the area, we stopped two…[Read more]

Thank you Finnie. Couple of properties (actually units) I was shown are located in the Hillsmead estate in Berwick.
I’m a bit new to this. Do you know what is the best way to do more research apart of checking average/median prices and etc?

The ATO have a list of criteria for determining whether a person is running a business or not. Go to their website and have a look or give them a ring.

You can then decide from that information whether or not what you intend to do is an business and what your obligations are.

Some…[Read more]

[|)]Zzzzz…

[] Wha? Huh? Eveybody done?

Oh, well, there’s always next time.[8D]

This question has been raised on other sites and is a tricky one, because you are doing this for a living, you may be seen by the ATO as a business. Therefor you maybe forced to register and pay GST as a property developer, So you best get some professional help with this from a taxation lawyer or a accountant.

[][][]

Yes, Kelly is right. I made the assumption that you are renting and own the two IP’s with no PPOR status in either.

Please clarify the PPOR situation:
Have you lived in one or both IPs?
Did you live in either prior to it been used to produce rental income?
Provide a time line of your PPOR/occupancy status and income producing status.

Assuming no…[Read more]

Thanks Arty,

But it doesn’t direct us to the positive cashflow properties !!!!

Regards, Phil

Thomas,

Equity, equity, equity, plus the usage of the positive cashflow generation.

Regards, Phil

Hi Pinky and Arty,

I have leave from mid-November and will be in Vic visiting friends. Who can pick me up from the airport? I’ll be the one with a bucket in one hand and a frisbee in ‘tother.

Regards, Phil

Hi Aussierogue,

Glad to see someone is proactive with a budget. I aspire to your efforts.

For what it’s worth, I have heard the following advice from various and unrelated avenues.

PAY YOURSELF FIRST

Yep, no matter your income, pay yourself first. Live off the rest. And yes I have read “The Richest Man in Babylon” .. it quotes same. It’s…[Read more]

Hi all,

Hmmm a budget .. gotta do one. Keep putting it off, as the penciled ones continually realise a negative value. I have a program “Simply Budgets”, perhaps you have heard of it. I didn’t like it only because it showed that I would be in the red by millions if I don’t make a change. So figured it isn’t the program, but me who has to change.…[Read more]

I dont have a budget

YET!!

but when I learn to work one out I will have one..because I NEED one. Desperately….

[xx(][xx(][xx(]

~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ