I was not talking about pecentage terms but “likelihood”.

The more properties you have the greater the risk that at least one of them at any point in time will go wrong…

I am not talking about something major, just little things… things you need to attend to… things that just require a lot of…[Read more]

You may not tell them but I will (and already have … if they would only use that search button…).

Pin

P.S: Hmmm, OK you are right there are one or two things I wouldn’t tell but not so that I “can keep an edge” but for other reasons…

Let me leave you with this thought… You can give the absolute BEST info to people serve it in…[Read more]

quote:as for running through the numbers… why not!
what do you need to know?

Hmmm, actually it would be a bit too personal … I guess you could give us “dummy” numbers… Actually it would be too involved … I will leave it for your accountant to do

quote:it may not be worth it, cause everytime i came back from oversea’s i was…

[Read more]

Some of you have mentioned loosing your “job” as a bad thing… might be a good thing [].

What I said is you must make sure you have a “secure income stream” this does NOT mean you must have a secure job… definitely NOT!!!

Let me give you an example… If you have 10 properties with equity of over…[Read more]

back to the initial topic:

quote:How to find +CFP’s in Australia??

You don’t find the best deals … you create them… please stop and think about that…

I think that trying to constrain yourself to the sub $100,000 might actually be a hindrance…

quote:s.i.s – Thanks for your reply also, seems you have some ‘secret’ methods that…

[Read more]

Why don’t you re-lodge your tax return for the last 3 years and get your money back!
yes this is very easy to do… talk to your accountant about it…

Just think about it carefully though since it may not be worth it now… (since when you sell you will have to take into account the depreciation… and pay a little more tax on your…[Read more]

Even though you can’t have an infinite amount of properties they generally are in higher growth areas .
The only disadvantage is that you must have a secure income stream.

But how many properties do you really want? and will you have the time to look after all of them … (trust me something ALWAYS goes wrong… the more you…[Read more]

Simply it is the amount of cash you “physically” put into a deal, to the amount of cash you get back from it…

Therefore for positive geared propeties the cash on cash return can “potentially” be INFINITY… However I remember saying that it does not necessarly mean that “positively…[Read more]

quote:I’ve heard that the cgt discount from trusts may soon disappear and that trusts will become more like companies????

Anyone else heard this??

Doubt it… as long as politicians make the rules I think we are safe… they are the ones that use these structures most, I am…[Read more]

OK where to start…

Oh yes, sorry I thought you already had an IP… Having an offest account on your PPOR is not that advantageous… (but worth having on your IP loans..)

Yes, the interest on your PPOR is NOT tax deductable. I alredy said that, if you re-read my first post… (I am guilty of the…[Read more]

Thanks for expalin that for me. Actually it is sometimes hard to keep track of posts I have posted to…

Anyway if you want to see how much you actually save using this method check this…[Read more]

I think the post is irrelevant since we can’t discuss shares anymore…

I would say that property has worked very well for me, but at the same time I think that shares (if you know what you are doing) have their place… I am still learing though… or should I say: I sitll have A LOT to learn though

Will leave it…[Read more]

quote:I want to see a share trader or property investor who does it fulltime without selling books and seminars. Does such a beast exist or would that be another amazing story?

Yep they exist and there are plenty of them… you just have to look in the right places…

quote:However it annoys me when they lead us to believe they make most of…

[Read more]

quote:I’ve found that the best deals need to be created, rather than simply found in newspapers and on the net.

Thanks for pointing this out!

********************
liviwell,

For some creative ideas check out this post:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4582

and maybe this…[Read more]

quote:Yes it is an offset account – can you help?

Sure!, and others will contribute as well…

However to get a better picture let me ask you a few questions:

What type of loan do you have on your PPOR and on your investment property and to which loan is the offset account linked?

When you took the money out to spend on holidays etc… where…[Read more]

Your questions are not that complicated … And yes there is a solution!

But I need to cover a bit of ground first:

you said:

quote:The only downside with that is we have never saved a cent because we have been of the opinion it is better to get rid of debt. We have redrawn on the mortgage a number of times for renovations, o/s…

[Read more]

Do you have an investment property?

If you had a postive cashflow property that was mortgaged with an Interest only loan, the surplus money that you have could be put into an offset account for you to spend on your personal things whenever you wanted to, and…[Read more]

http://members.freeib.com/?mforum=generalinvesting

Also there is no need to worry about ASIC on this forum…

I do have some rules but they…[Read more]

What do you mean by:

quote: Once again – location isn’t as important and strategy.

Did you mean “loaction isn’t as important AS strategy”?

Could you please elaborate on this.

Pin

Thanks for the article. Again it was an interesting read.

One question: What is the mathematical formula for the “trailing exit” strategy?

Cheers,

Pin

Great to see you’re back! I thought you had gone for good. I was actually thinking the other day that it was a long time sinec we haven’t heard from you…

Please stick around and give us some of your opinions….

Cheers,

Pin

Thanks for editing your post. I wasn’t going to reply, because I didn’t want to start a bickering. (Quite frankly there is enough of that on the forum as it is). However you make a valid point and I want to aplogise to anyone that was “annoyed” by my post.

It really wasn’t meant that way, let me explain …

When I first read DinoWeb’s…[Read more]

quote: I know that they don’t pay stamp duty, death duty, financial transfer tax, land tax and capital gains.

Even though this is true for Kiwis this is not true for Australians investing in NZ. You must declare ALL capital gains in your tax return no matter where in the world you made the gain.

Concerning the Loss Attributing Company I…[Read more]

Here are some MUST read sites: (In no particular order)
http://www.strategicwealthmanagement.com.au

http://www.chrisbatten.com.au (IE only)

http://www.macquariegs.com.au

http://www.gatherumgoss.com

They contain HEAP of the BEST info concerning trusts. (as well as other things.) But the best trusts aren’t cheap (about $1000).

If you have any other questions just…[Read more]

More than 150 people have read this thread since I first put up my post. Only TWO people have aknowledged it and said they would be interested …

Goes to show…

Pin,

This thread was hilarious! Thanks for the laugh.

On a more serious note I have asked Steve if he could set up a forum topic called “Valuable info for newbies”, which would be packed with great info, and avoid people asking the same questions over ad over again. I think one of the first threads will be on “due diligence” … []

Cheers,

Pin

Can I buy BSSs in Trust?
I am thinking of setting up 2,500 trusts, and buy 4 BSS for each trust.

I did the sums and this will still work great. A trust will cost me $1,000 each to set up so that is $2,500,000 in total; and then I get close to 100 MILLION a year (with the adverstising.)! This is definitely worth it.

I might be able to get…[Read more]

I would still like to hear from Bill, as he is the authority with BSS.

If the same property rules apply, this deal will be even sweeter. I will send over a valuer mate of mine and he will put a “good” value on it. []

Cheers,

Pin

Could you please advise us on the “depreciation” schedule for the BSS.

Thanks,

Nom

Pin

P.S: Use the search button. This was discussed about a month ago!!!!

quote:I am aware they are all good deals….without exception, each and everyone of them is located on a Bus Route.

Wow, I didn’t know there were some BSS that were NOT located on bus routes.

Goes to show you MUST always do your due diligeance…

Oh yea, I think I recall that those BSS use to be sold by those “special” 2 tier seminars.…[Read more]

I think you want to check out the Bus Stop Shelters (BSS) that Bill has for sale. It is a much better deal!

When investing in car park spaces, make sure they are sheltered. (open air ones are not as good and if it hails and the cars get damages you could be sued! and even if it is sheletered you have to pay HUGE insurance…[Read more]

You are a LEGEND!!!

I thouhgt I was good at “thinking outside the square”, but you beat me! Your idea is close to being genius!!!!

WOW, $800 a month x 10,000 that means I will get an extra $96,000,000 (96 MILLIION a year, LOL, this is unreal!!! I think I am going to faint… I am not kidding you I am starting to shake….

(5…[Read more]

I have been looking so hard for positive geared properties … I spent hours on the net … This is IDEAL.

You know how I warn people about going into *rural* towns and to only buy unless they are ABSOLUTELY sure they know what they are doing. Well this is the answer to their problems… But they better be quick because I…[Read more]

You will find them again (easily) in about 3 to 5 years time. Be prepared …

Pin

However I think I got the general feel for things.

One thing that people don’t realise is that if you want to be a “Steve” you will have to do the things he does and that means giving up your full time job and doing property investing FULL time.

For…[Read more]

Chtulu,

Welcome to the forum.

quote:and I have been hearing a lot of good things about Negitive gearing, and I want to learn more.

Negative gearing strictly speaking is not a good idea because it costs you money. (That is why it is negative.)

When…[Read more]

quote:opinion?

Each strategy has their pros and cons and I will try and be as balanced as possible…

-ve gearing per say is not a good strategy. HOWEVER -ve gearing with positive cashflow is good. see my other posts on this.

-ve gearing, +ve cashflow

PROs

– Good for high income earners
– Saves money AFTER tax
– Choose the right location and…[Read more]

The numbers look good … let’s do the maths …

Cost of property = 165,000
Stamp duty = 4,500
Legal fees = 1,000
Mortgage SD + fees = 1,000
Misc = 500

So your total purchase cost is = 172,000

Borrow 100% of 172,000 at say 6% so your annual interest repayments will be:

172000 x 6 / 100 = 10,320 p.a

Your rent per annum will be…[Read more]

If you want to find out if a property is positively GEARED do your sums on 100% borrowing.

If however it is a negatively geared property, you can easily calculate how much of your own money you have to put into the deal for it to become positive cashflow.

****
Example

Property costs 300K (all cost included)

If you borrow 100%…[Read more]

Don’t know if this going to be short or skinny, but here goes:

There are only two types of properties:

– Positively Geared
AND
– Negatively Geared

Positively Geared

A property that is positively geared means that the rent covers ALL costs (rates, interest on mortgage, maintenance etc…)

Also, when analysing a property to determine…[Read more]

Personally I would never buy a property nor land without seeing it first.

I would like to relate a story to you, for all it is worth.

A land salesperson that works for a large land developer gives me a call and says: “We are having a new stage release. This is going to be a beauty! there will be blocks with 180…[Read more]

quote: Yes, the yearly surplus might not be large if you are (like me) buying ‘baby-deal’ properties around the 30K mark which rent for 115 per week. but the important thing is that there IS a surplus

This is correct. Actually the more I have been thinking about PGP (Positive Geared P…[Read more]

hey pin,

in reply to –

quote:Also the thing with +ve geared properties they ONLY put something like $1,000. PER ANNUM in your pocket. (i.e. peanuts.) WHY?? because this is eaten up so fast by EXTRA expenses that you forgot to put into the equation.

I agree you probably shouldn’t just rush out and buy property if you…[Read more]

Thanks for giving it a go. I will reply to some points and make some other statements. I may have to make a second post later…

First I would say that I read the Today Tonight Q&A between Steve and TT. (http://todaytonight.com.au/factfiles/646144.html) and this reassured me, and helped understand where Steve is coming from. It is…[Read more]

pin,
I’ll have a go,
though I’m not Steve,

quote:
” Positive cashflow. Is it really for everybody?”

no because:
a) some people think they don’t exist, so therefore they won’t be able to find them.
b) it is estimated that only ten percent of properties in Australia are +ve cashflow (I read that somewhere) so therefore…[Read more]

**** Other Interesting Posts ****
Can someone point me into the right direction – TOPIC_ID=4582
Research methods – TOPIC_ID=4437
You Can’t be Serious??!!!! – TOPIC_ID=4437

**** Other Interesting Posts ****
b]Can someone point me into the right direction TOPIC_ID=4582
Research methods TOPIC_ID=4437
You Can’t be Serious??!!!![/b] TOPIC_ID=4437

Pin