Hi Regina,

Thanks for the reply. It has cleared a couple of issues for me.

Cheers,

Matt.

Hi Oscar,

Thanks for the reply. I was hoping that 95% LVR was a possibility and others were doing it. In almost all the scenarios I run on properties with my excel spreadsheet, 95% LVR gets a return of 80% or higher.

Now all I need is a lender who will let me do lots of these deals. Do you mind if I ask who you use?

Cheers,

Matt.

That’s an excellant suggestion AD. I happen to have a bf who owns an electrical store so I can get some electrical stuff for cheap. (If anyone else wants some cheap electrical stuff, email me []. And it will be tax deductable (no?) I will try that.

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Tomorrow, you might wish you started today.
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In response to Jane B, the units are in quite good condition, as they are sort of newly renovated. I asked the agent if any other maintenance is required to attract tenants, like lower rent for more fix-ups, and they said no. I guess I will put out the offer of one free weeks rent and then see what happens. Otherwise, I think that you are…[Read more]

I had a similar experiance where I went around searching for some cheapish 11sec properties out of town. I was unsure of purchasing any properties as there were many on the market (most +ve geared) and most have been on the market for a significant amount of time (up to 2 years). Well, I closed my eyes, held my breath and took a plunge,…[Read more]

quote:
I have formed an investment company, this is allowed to gear, each property has its own trust.

Hi Regina,

I have a few questions regarding this as I am planning on starting my own investment company ASAP.

1. Has your lender that you use to buy properties with your company, mentioned to you at what point of gearing they will max out your…[Read more]

Hey there again Alex,

All i can say is; “If you get in debt make sure it is small if it big then make sure u get someone else to pay for it”
Robert Kiyosaki

There are people out there that have millions in liabilities but they don’t pay for it!!

If u only take in half the information on this website u will do alright!!

Cheers

“Everyone wants…[Read more]

hey there,

Thyde is very right!!

It sounds like u are acting on opinion rather than fact. Depending on your payments, renting sounds like an option but it would be difficult to implement any other strategies.

If the unit is worth 420K then u will more likely break even and without a property. There are just as many costs selling as there is…[Read more]

Hi Go Girl,

I take it from the question you are looking for someone to do a wrap, you being the money partner, as a way of learning about wraps?

I think an important thing to do is to have a full understanding of the risks as well as the rewards before you enter into a JV and ask questions on anything you are not sure about.

Once you build an…[Read more]

Hi All,

This one is for Steve.

You made the comment that CGT is non applicable if you trade up your investment property and you are taxed as if it were income. If the properties were held in a trust with a company as trustee, would the income be taxed at the company rate of 30%?

Cheers,

Matt.

P.S. Love the information available on this forum.

hey there,

There are two things that u should be aware of. Wraps are to generate +ve cashflow by profiting or claiming the difference in the repayments. As you said b4 that there is a ending date, well your right. But the aim is to get back wot u invested as quickly as possible (ROI). In normal circumstances it takes less than two years to do…[Read more]

Hi Ally,

It may appear that your accountant’s thinking is not in line with your own. Your plan is designed by you and for you to achieve your own goals. Just be mindful if he starts explaining the ‘benefits’ of negative gearing

Cheers,

Matt.

quote:
We pay the bank 6.01%, and the investor 10% with a 2nd mortgage. We charge our purchasers 9.01%.

Hi Lance,

I don’t follow what you mean by you pay the investor 10% with a second mortgage. Is this their return or is this a separate payment?

Cheers,

Matt.

Thanks Michael

In answer to your q’s:
1). I do have a plan
2). I do have a strategy (and no this is not the only vehicle that i am using).
3). I have an exit strategy.
I have just found that the educational tools offered dont cover the issues that i am trying to get through.
Thanks anyway

Hi all,

On by half of all the keen investors that contribute to this website, i would like to take this opportunity to say a BIG THANK YOU to Steve and everyone that makes it happen!!!

Cheers

Alex

Birdman and Hilary,

Thanx for your feedback birdman!!

Hilary u have brought up a very interesting point. If u were to find struggling home owners u might be able to buy the property cheap and if they don’t want to move u can make an agreement for them to rent (cheaper than their mortgage)or even provide vendor financing (wrap) for them.

In…[Read more]

Hey there,

i thought as much but i thought i would ask. Thanx for your feedback and help, much appreciated!!

One question tho, Wot tax act does wrapping come under? Is it income tax? Can u minimise the tax expenses buy sheltering it through trusts or/companies companies when using wraps?

Thanx again

Keep hunting!!

“Be proactive rather than r…[Read more]

hey sushi,

Its fine to ask questions, that way we both learn!! i know u can in some situations but i would ask your accountant or solicitor b4 buying all your material on the assumption u can.

I would be keen to c how u go!!

Cheers

Alex

“Everyone wants to go to heaven but nobody wants to go to die”

hey birdman,

Do u know if anyone and their dog can go to these auctions, or do u need a permit?

And if the property doesn’t sell?

Thanx again,

“Everyone wants to go to heaven but nobody wants to die”

Thanx Steve,

I am currently doing a lot of research to get my tool kit as well equipped as possible for the times i need it.

However, should i be focusing more on equity rather than cashflow when starting out?

I have a complicated question that might seem silly but i am unsure. Can you use a flip strategy and then finance the new buyer by…[Read more]