Forum Replies Created
Simon,
The property is in victoria. What reason would a lender not do a valuation and at what interest rate? I have the 25% required for a commercial loan and if this was remotly possible it would leave me with more cash to purchase more properties.
Dom
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Thanks guys,
BUT, what bank would not get a valuator in and servicebility is not a problem?
Dom
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Hi richard,
The particular property i am interested in is a 8 bedroom house style with to kitchens and two living areas, across from a university.these will have twelve month lease.
thanks
Dom
Hi Rav
One of my work friend bought a taxi licence for $280,000 about 8 months ago and it has risen to about $360,000. Not Bad!Dom
Copper mine set to boost north-west jobs
A mining company says up to 80 new jobs will be created when a new copper mine is opened in north-western Queensland.
Matrix Metals has announced it will mine its Mount-Watson/Mount Cuthbert Project, north of Mount Isa, with production set to begin by mid-2007.
Managing director Andrew Chapman says the initial target is to mine more than five million tonnes per annum using existing infrastructure from an old mine site.
“We have in the last month or two been assessing the potential of reopening Mount Cuthbert based on that new ore supply from Mount Watson and that has turned out for us to be a very short-term opportunity for us to get back into production and with copper prices where they are … seeing a very, very significant cashflow coming out of that,” he said.
Print-friendyversionPrint Send to a friendEmailHere are a few i have found that probably all buisness related.
* An insurance agent who gets commission every year when a customer renews his policy
* A network marketing or direct sales rep’s income from her direct customers when they reorder product every month
* An aerobics instructor who produces a video and sells it at the gyms where she teaches
* A marketing consultant who creates a workbook and sells it in e-book format on the Internet
* A photographer who makes his photos available through a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images
* A restaurant or retail owner who has grown to the point of hiring a trustworthy managerDefinition of passive residual income:
The definition of traditional passive income is “Income
generated with minimal work from your investments such as
interest, dividends, or real estate rentals.” However in
this article we are discussing creating a passive income
online. Investment of time and money is initially required
to build a passive income online, then possibly minimal
work thereafter.Dom [biggrin]
How did you know i had some deviate sexual products?
Anyway its like owning a pub you will go broke.Dom
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Now where should i write my 300th post
Dom [biggrin]
Thanks guys,
Funny enough i hate to sell when you have such a good income because you end up paying Tax, Agents ,banks,solicitors.
Even though you have made a large profit from your investment
But if you can get a greater income from your proceeds then the decision gets tough.!! Do you or dont you ? Should i have or should i not.?Dom
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Simon,
thats a great way to make an income ,mayby you should give up mortgage broking and look at importing.
Dom [biggrin]
Thanks for your input everyone.
Some good options their but i think i will hold my proerties for long term until mayby the next property cycle.
I will just keep paying my home of, and see if i can buy any bargains with more + cashflow.
Would someone just tell me where though (LOL.)Dom
[biggrin]I would like to buy large quantaties of legal stuff and onsell for a profit.
But ether way if someone new the answer to this question we would all be wealthy people.Dom [biggrin]
Hi,
Thanks for your input guys.
But a couple of questions come up from your posts. Is Capitiilsed interest tax deductible ? Would it not be better to refinance grab equity of ips and make lump sumpayment into your PPOR?
Terry how do you sell an ip into your trust? How do banks view this?
And Tax? And all my properties are in trust.Dom [biggrin]
Hi Elkam,
I will soon reach my serviceability because i am in the process of buying .
Dom [biggrin]
Hi DlPP and DraconisV,
Thanks for the recommendations.
For the rental situation here in brisbane is very tight and rents are high so we have consiered this already and it would not be feasable. My loan on PPOR is high but we would have to rent at $250 to $300 a week, and you dont get much for this in my area. Dlpp i am not sure where you are but a house worth $700, 000 renting for $270 a week would be amazing here.My loans are with 2 banks. I could probably buy 2 to 5 more properties as long as they neutrally geared or positivly geared and not commercial loans! I would not have to look hard for this.
I think the main question is pay your PPOR or hold what i have?
thanks
Dom[biggrin]
Hi,
I read in the paper on the weekend that if you have a $250,000 loan with an offset account you would need a mininum of $13,000 in the offset account at all times to save on interest. Most people dont.
This would be costing you fees if you had under this amount in your offset account.Dom [biggrin]
Hi Redwing,
This is an other article recently posted , i wonder where they will squeeze this one in.
Russian aluminium plant for Queensland
September 29, 2006 10:15pm
Article from: Agence France-PresseFont size: + –
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RUSSIAN aluminum giant Rusal will build an electricity power station and aluminum plant in Queensland at an estimated cost of $US3.5 billion ($4.7bn), Russian daily Gazeta reported today.
The station could generate 500 to 1100 MW of electricity, which would power the plant to produce up to 690,000 tonnes of primary aluminum, the daily quoted Antanta Capital metals analyst Vladimir Popov as saying.
This would increase Rusal’s current primary aluminum production by 25 per cent, Mr Popov said.
The project would take advantage of Australia’s position as the world’s largest producer of bauxite, the main component in aluminum.
Rusal is the largest producer of aluminum in Russia and the second-largest in the world, after US Alcoa.
Rusal had revenues of $US6.65bn in 2005, and employs about 50,000 people in Russia and 13 other countries.
Mineral exports keep economy healthy
September 29, 2006 08:09pm
Article from: AAPFont size: + –
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FITCH Ratings agency has affirmed its ratings for Australia and says its outlook is stable.
In a statement released tonight, the global ratings agency affirmed Australia’s foreign and local currency issuer default ratings at AA-plus and AAA, both with stable outlooks.
The short-term foreign currency rating is affirmed at F1-plus and the country ceiling is affirmed at AAA.
London-based Fitch Sovereign team senior director Paul Rawkins said sound public finances, a strong banking system and a proven track record of navigating the economy through adverse shocks underpin Australia’s sovereign ratings.
“Fears that this track record would fall victim to a faltering property boom at end-2003 have been mitigated by soaring demand for Australia’s mineral exports,” he said.
“Once again, Australia has not disappointed those who would characterise it as a `lucky country’.”
Fitch said Australia was enjoying its 15th consecutive year of economic expansion.Higher commodity prices, driven by strong Chinese demand, had ratcheted up Australia’s term of trade to near historical highs, boosting corporate profits, tax revenues and, to a lesser extent, the Australian dollar, it said.
“These developments have been accompanied by a rebalancing of growth away from consumption towards investment, particularly in the under-resourced external sector,” the agency said.
“Even so, the authorities remain vigilant and recently raised interest rates again to curb inflation amid firm domestic demand and record low unemployment.”
The agency said the major near-term threat to Australia’s credit outlook was from the unpredictable course of commodity prices and their potential impact on the exchange rate, interest rates and incomes.
Long way to go yet in the outback.
Dom [biggrin]
Cult, extortion, sounds good i must find out how to become a realestate agent then?
Dom [biggrin]
Thanks Terry,
I probably should have made the question a little more detailed.
Beside the conventional ways what else is their in the form of passive income. Is their any?Thanks
Dom [biggrin]
