Breakingout..

Are these managed complex’s ?? as i see these types as being a cash-cow retirement fund for the developers/on-site caretakers who set themselves up to run the IP’s for you, plus costs etc, they clean, manage, organise tenants, repairs etc ..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

All that said..

I have a friend who purchases only units/apartments and has 8 so far his partner has 3 and they manage and source tenants themselves.

These properties are usually cheaper than houses ( due to land content ), he says easier to rent, no gardening problems etc..

Ultimately, it’s what best suits you..

REDWING

“Money is a currency,…[Read more]

I enjoyed Margaret Lomas’s book ‘how to Maximise your property portfolio’

“How to Maximise Your Property Portfolio!”

Building on the amazing success of her earlier books How to Make Your Money Last as Long as You Do and How to Create and Income for Life, best selling author Margaret Lomas is back to answer all her readers frequently asked…[Read more]

Just a note re IQ test’s, my Father used to do a few of them with his work..he stated that IQ test’s just make you better at taking IQ test’s [biggrin] his score kept getting better ..[blink]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Hi L.E

[party]was only joking [biggrin]

Setting up and sourcing good deals in Country areas…

Easiest answer is to put yourself in the other persons shoes, if you lived in a country area, how would you sell, why etc ??

Answer this and you’ll answer a lot of your questions..i.e would you reply to a letter drop from a R/E agent or a private…[Read more]

Nathan

Agree with Derek and Zeffix, like i said, depreciation is still to be considered, go to your accountant armed with as much info as you can, i’m still learning as i go along and always will be..[biggrin]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Ha ha

I went Choc on Choc too

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Tinkerbell,

Speak to Bear1964 or Westan and make sure you have appropriate spotters paperwork to cover yourself.

+ geared IP’s abound, but the devils in the detail [biggrin]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

How about your depreciation Nathan, have you factored that in ??

The etc.. could be a lot…Derek has just sent me a itemised list.The devils in the detail as they say, hard to guesstimate..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Scullie

use Steve’s Cash On Cash Return calculator, and plug in your property figures..easy, Cheesy, Japanesie..[buz2]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Just goes to show, growth has occured in a lot of areas over the last 2 yrs, and that a lot of people, particularly the elderly, do not know the true value of thier homes..

Tip- *nsduegrtf#@ should be cheaper as *&nsgdu the YThguisim &6%^@

Secret Squirrel[fear]

“Money is a currency, like electricity and it requires momentum to make it Effective”

DV8 [blink]

Remember, you may not be experiencing Huge capital growth, but, what with your country IP’s being + geared you should be repaying your loan quicker , plus your contributions etc..

Thereby achieving Eqyuity m8, this..will help you in achieving a strong base for further acquisitions, with a mixture of – and + geared IP’s you should…[Read more]

Russ PM me regarding + geared IP’s in WA and what you are offering..

REDWING[biggrin]

“Money is a currency, like electricity and it requires momentum to make it Effective”

Originally posted by Shushar:

To quote her:
“Once a property is positively geared, there’s no point hanging on to it because all you’re doing is paying out tax every year. ….And once a property is positively geared, you sell, you put the proceeds towards your residential loan, and you take just enough for a deposit on your next…[Read more]

Originally posted by melbear:
Chan$, I think the valuation only works if you live in it then move out.

For the renting first, then moving in, I believe the CGT is calculated on a pro rata basis of time lived in vs investment.

ie if you live for 1 year, but rented for 3 beforehand, you pay 3/4 CGT.

Cheers
Mel

Agree here with Melbear…[Read more]

Or look at establishing a ‘Trust’.. so the trust owns the IP’s..

Agree with the general consensus of the other posts here also..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Holy catfish Batman.. how many do you currently have Afloat ? and are you wrapping or buy n hold ??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

CHAN$

See if you can get PropertyGuru[sultan]

Or Still in School [grad]

To answer this post [biggrin][biggrin]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Hey found some of my old books cleaning out the shed today..

Jan Somers Building Wealth through Investment Property ( bought it in 1992 when it first came out )

In the inside cover i had listed

First IP ( the one above in this post )
value in 1991 $69 500
1994 $80 000

Next IP South Perth
1994 $100 000
sold for approx $110 000
*value now* $200…[Read more]

393.12

TOTAL 1047.52

GOOD BOUNCE HELPED

redwing the puny..[confused2]

“Money is a currency, like electricity and it requires momentum to make it Effective”