To answer your question Celeste they are moving down the same path as you have – Buy, Reno, Sell.

The main client, husband, already has Income Protection up and running but we cant find a way to increase it given his new occupational duties. Insurance company happy to continue cover just not…[Read more]

Mind doing it for 300 lot subdivison, proposed rural block or new resort development?

[biggrin]

If so… I’m Keen!

One of the few sites I don’t think I’ve downloaded from.

Will definately have a look.

Still want to eventually create a ‘multi-checklist’. like a mix of the best of the best from numerous resources but looking forward to seeing what they have. [biggrin]

From a beginners point of view, that I share with you, I definately think the statement ‘CF+ properties are made not bought’ is a key thing to remember.

This forum is loaded with technqiues and info.

Try using the ‘Search’ function on the ‘Forums’ tab up top. You can look up posts with the words like ‘tips for creating’,…[Read more]

I know advertising’s not allowed on the site but it would probably help if you passed on a few more details.

Details like location, size ect may help provide more relevant answers.

You could maybe look at advertising across different states depending on it’s appeal. There’s loads of free/cheap ‘sell it yourself’ real estate sites…[Read more]

Along the lines of what I thought – which is good. I’ll check with the accountant when I can free up some time.

PPOR = Principal Place of Residence and IP = Investment Property

Yep that sounds just like what I’m after.

I had a look but couldnt find anything so I’ll grab those templates via pm if thats ok.

Anyone else? Or are they safe-guarded secrets?

It’s great to hear all the different views on the article but I still agree things need to change.

Also – not to be too picky, but the Adv Dip is only 8 courses. 4 for the Dip and 4 for the Adv Dip ontop of that (there’s an assessment on putting it all together but there’s only 8 courses).

5 down 3 to go for me.

Also – I came across an interesting site for anyone wanting some basic info on super the other day. May suppliment or help answer any further questions -maxsuper.com.au

I’ve got no relation with them at all, just thought it was a refreshing explanation of some dry, often confusing topics

[biggrin]

I’m an FP myself, but more so involved in raising capital than generic financial planning (just making sure it’s clear I’m not chasing business)

There’s three main ways an adviser will charge –
1) Commission
2) Hourly / Per Consultation Fee
3) Upfront & Ongoing Fee for advice

The first quote you got ($3,000) is an example of 3) and…[Read more]

Must admit seeing people with two-heads walking down the st would turn me off throwing money in the town. Though I did go to school with a guy who had six toes and I’d still buy where he lived.

I’ve got a friend who works at the Valuer General’s office e-mailing me through that very info Redwing. Looking at sale…[Read more]

Balga has had a substantial part of re-devlopment go through over the last couple of years. Prices have sky rocketed.

I don’t think I’d be purchasing there though, even if houses were $100K less. I’ve lived NOR for 23 years and although I’m a fair way from Balga no-way would I consider living there.

Still – if it’s an IP who cares if…[Read more]

I’m thinking about heading of down a similar path next weekend. Try an get some grass-root feedback.

There was an interesting artcile about WA Country Towns in the weekends paper. If your still looking at things down south it’s worth a read. Saturdays or Sundays west I think.

Well, the lack of…[Read more]

It’s a blatent attempt to ‘push the post up’ I know….just can’t believe amongst all the experienced [grad] , good looking people [aacool]on the forum no-one has had much to do with Manjimup? or a a view at least?

In what regard has the book been outdated?

When I read it, I viewed with caution the Property Investor Trust and it’s noted Land Tax Benefits..is this what you’r referring to?

Always interested in reading your thoughts on structures.

I read that article a few weeks ago. I’m in almost the exact same position as the author (being an FP with a Dip and doing the Adv. Dip).

Things need to be done to change the industry – whole heartedly agree.

But to say ‘Read the article and you probably will steer clear of FPs’ implies that all FP’s are tarred with the same brush…[Read more]

When it comes to books I rekon second hand is just as good as new.

P.S. bought Melvin & Chans book ‘ How to Legally Reduce Your Tax’ and thought it was really quite a good beginners guide.

[biggrin]

But members of the respective clubs deserve to be there, and members of other clubs should be granted a part to – after they love their club but alot also love the game no matter whos…[Read more]

Depending on what info you need I maybe able to help. We are looking at doing a bit of capital raising for two young guys who have done just that across WA – bought huge chunks of land from Manjimup to Bridgetown to Kalgoorlie and are in the process of cutting them up and selling.

They own enough companies to…[Read more]

For those interested and for those who PM’d – thankyou.

I flew from Perth to Melb for $1,400 a coupld of days before the big game (enough usually to get you from our fine state to Hawaii and back), with no GF ticket but a glimmer oh hope and an overwhelming sense of “I will be there”.

And at bounce down on that magic day in September I…[Read more]

I do apologise – a spanking was not my intention [biggrin]

But thank-you for your comments all the same, do appreciate it.

I guess Im just a little passionate about the place.

As for investment – id agree, it is a one horse town (actually named after one aswell) and being reliant on one real company id be hesitant to throw my $ in to…[Read more]

First off – Jul’s Im sorry but if you’ve never been there then ask how you can make such a judgement. If your comments were purely based on an investment decision then fair enough but as for a general opinon of Norseman – its…[Read more]

Great to hear from someone that’s already got exposure too.

If I’m no intruding, what rental returns are you getting through the GEHA at the moment?

I’ll look him up.

Do you know if there’s any charge in just grabbing a quote or getting him out to look at what’s possible?

If your interested in getting together with a few like minded Perth people we are just in the process of putting together a ‘Young at Heart’ Investors Club in Perth.

Nothing formal and no mentors as such, just people with various backgrounds and levels of experience, getting together to chat.

Email me…[Read more]

I suppose it’s an obvious place to look (the local paper) but a step I hadn’t considered. Thanks for that.

Anyone who does hold a CF+ in Kal or is looking to buy please share your thoughts.

If these block do come on the market I think I might have to give one consideration.

Always good to hear your thoughts.

I guess with Kal it’s an area that needs more research than most because your looking at two areas when investing – property and resources. So it’s not just a property market your looking at but also the commodities sector.

One of the reasons I ask is I think a developer we are looking at doing…[Read more]

Thanks for the feedback

Any key points/thoughts on investing up there in the current market?

Have you learnt anything to date that you would do different?

I haven’t got a mortgage myself, but servicability on these mountaineous levels of debt people have got over here in WA has got to be increasingly difficult
– Interest rates up
– Petrol up
– Inflation on the basics (food) up

Surely will…[Read more]

Could be a number of things – but at the end of the day she could just be talking about the growth in it’s capital value.

If the property is negatively geared it’s not producing income over what its costing.

‘Making a packet’ could just be related to the price she paid for it and what it’s now worth. Even if the loan was the same…[Read more]

You can count me in too!

22, live NOR work SOR – open to any area meet.

On your search you may like to try Rob Prouse from Rob Prouse & Associates. Does alot of IP investment himself, does my tax personal return (must admit mine is very basic) and we refer quite a few of our clients SMSF & IP quries to him.

Contactable on 9246 9055. Just a name to start your search. Try a few and see what works best for…

Thanks Redwing

Much appreciated.

Thats what I thought, the loan doc’s work the same way?

But does that mean that income and/or losses will be trapped in the company as opposed to being passed to the HDT for distribution?

I got an email in from intelligentinvestor.com.au (their all about value investing in the share market). Not sure if it helps but here’s there opinion below.

It got my attention and thought it maybe of interest to clients but we are to busy with tax planning so haven’t had a chance to have a good look at it.

Another point to note is…[Read more]

Love your thinking.

Unfortunately ,as with alot of good ideas, there’s rules against it.

Investing in property through Super can definately be done but, as pucci points out, as a general rule Super funds can’t borrow money.

If you had $2million in super, and wanted to buy a unit for $250K then it’s a possibility but unless you have…[Read more]

Do you happen to know what size block your neighbour is on? Iv’e heard the council likes each property to have somewhat of a backyard and frontyard but Im not sure of their specific dimensional requirements.

Any forumites developed in Ballarat? or had any problems with finding tenants for that matter?

Thanks a heap for your posts.

Quite interesting you noted the development side of things crickrobert, as a few of the places Ive come across have the potential for retaining the original house and building a second dwelling.

From what Ive been told the council is quite good for information too when it…[Read more]

We have clients looking at a Gold Fund brought out by Merrill Lynch.

Minimum investment is around $5,000 and ML basically go out and invest in gold shares from around the globe. Just another option to consider alongside holding gold direct and buying shares direct.

Interesting to note that they say typically, for a 10% movement in…[Read more]

Not sure if ur questions were rhetorical or you were actually asking but good food for thought..

The house is our PPOR so adding value is a bonus not really a focus and as for the budget – as long as it doesnt break the bank and looks good – the’re the only parametres im working with.

Thanks again for everyones feedback -…[Read more]

Thanks for the info.

Interesting what you note in regards to the bamboo. I hadn’t considered the possibility of fading so I’ll check into that before purchase.

Don’t mind the idea of plastic ‘timber’ floorboards either. There’s alot of little vermits around where Im planning on laying the boards so plastic will be worth a look…[Read more]

Never thought of adding a garden bed but thats an interesting option.

Not sure how much I’d be able to do myself (looking through all the work youve listed) but 80% of my mates are brickies, tilers, plumbers, sparkies so Im sure I cant convince them to lend a hand in exchange for a cold ale and bbq.

Would be great…[Read more]

The space – not quite sure but Ive been meaning to measure it so I shall do that tonight and post tommorrow. Just did all the clearing last weend to get a clear canvas to start the design process.

Definately would help if you did have that info on where you purchased the material.

And if you had time over the weekend and wanted to…[Read more]

I think the pain idea maybe a good idea too.

Even if I go with the bamboo fencing, you’ve got me thinking that that alone will look a little out of place with the rest of the fence, so a slap of paint where the fencing meets the wall maybe just whats needed to ‘blend’ the old and…[Read more]