Hi Soosh-myster,

Yep – last night Julie’s dad pulled out a map of the GBR area and highlighted which areas are planned to be included in a new marine park.

He was commenting that his fishing chances should improve when the commercial fishing boats are kept away.

In the papers there was the usual talk aof masive redundancies, together with…[Read more]

Hi Peter,

quote:
It’s been suggested that rather than passively scanning the net or looking at papers, it’s better to strike up relationships with RE agents and ask about properties in their ‘bottom drawer’ that may not be up on window. I might adopt this approach (as well as scanning ads) for the second IP.

Yep – I do this too, but at the end…[Read more]

Hi,

Just be careful.

Losses can not be distributed from a trust, only the profits flow through to the beneficiaries.

Losses on the other hand, are accumulated in the trust to be offset against future income.

Bye,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Since I’m online and since I’m not doing anything better… let’s have more of a look at your reply.

quote:
I’m 32, earning a reasonable wage, married with 3 kids. I have had my first IP for just over 12 months now and built up about $30k in equity.

That sounds like an excellent start []

quote:
I would like to build up a reasonably sized…

[Read more]

Hi,

Such a post raises the point that many people fail to consider a deal from all angles>

Let me explain…

quote:or 39.5% RIO…

What if this deal were in a non-descript town devoid of all emotion (a la ‘in the country’) and we changed the terms to 0 cashflow but an annual capital gains of 30% per annum. Would you be happy then?

I am not…[Read more]

Hi Michael,

Wonderful idea.

Might I suggest that you simply sign a ‘normal’ listing agreement that has one additional clause, which is that the agreement is subject to an attached memorandum of understanding (MoA)

In the MoA simply flesh out what you have written in this post (sort of like a job description) and then have the agent sign it.

In…[Read more]

Hi,

I suggest you subscribe to the Australian Property Investor magazine (http://www.apimagazine.com.au) as it contains a summary of all the major markets (including Brisbane).

I don’t care much for the editorial comments – often written by academics rather than seasoned investors, but the statistics are handy.

Bye,

Steve…[Read more]

Hi,

I’m currently in Mackay, an area where properties that meet the 11 sec. solution are as rare as hen’s teeth.

Or so I’m told, except that there in yesterday’s paper is the following ad:

quote:
“Investors possible over 9% return”
This neat and tidy 3 bedroom home could easily be rented for $155 p/w which if purchased for $89,000 gives over a…

[Read more]

Hi,

quote:Both Units would be negatively geared, but after tax deductions may (I haven’t fully investigated yet) provide +ve cash flow.

How many of these properties do you need to own before you achieve your investment goals?

Be aware that in order to access the tax benefits it’s likely you will need to keep working for the next five years.

Is…[Read more]

Yep, I agree with Terry.

I wonder… what happens if there is a capital loss?

And seriously, what is the target market for a tenant that will pay 75% above market rate (that is $700 for a property with a market rent of $400 per week)?

Like most things that come from the NII, it might seem attractive on paper, but what is presented is usually…[Read more]

Hi,

Excellent post and a great opportunity for members to flesh out the nos on a deal.

I’d probably not gone too much further on a block of units (that will essentially be a buy and hold, flip or ify reno) after calculating the gross yield.

That is, $42,900 / $650,000 = 6.6%

That’s too low for the risk:reward return in my book.

…but it…[Read more]

Hi,

My advice in this respect is that there is no ‘right’ journal as such as it is for your benefit more than it is for mine.

Note what you feel is necessary to flesh out the ideas and experiences you’ve had.

The journey is far more important than the outcome.

Warm regards,

Steve McKnight

**********
Remember that success comes from doing…[Read more]

Hi,

Thanks for your post and comments about the site. I’m sure I speak for all by welcoming you!

I think that the advice I gave Greg in (https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1676) is also applicable here.

As for the amount of money you need, that all depends on the nature of the property you buy and the terms you…[Read more]

Hi Craig,

Thanks for your post and welcome to the community!

It might seem like a small question, but it requires a 2-day seminar to provide you with a proper answer.

Might I suggest that the place to start is not “what to buy?”, but rather “what profit outcome do I hope to achieve?”

Furthermore, think through the issue and ascertain when you…[Read more]

Hi,

At this point in time this post actually conflicts with the rules of the forum re: advertising.

I understand that you are seeking/offering to be a money partner, but given the issues with ASIC prospectus requirements, the Internet (ie. public offer) this is not the best place to make your post.

When the site is rereleased I hope to have…[Read more]

Hi,

Hmmm – I see red warning lights flashing here.

A common trick is to try and sell overpriced property to off-shore investors who don’t know he market.

For you, used to London prices and with a favourable pound:dollar exchange rate, the prices might seem cheap.

However, that is not to suggest that you will be paying too much for the…[Read more]

Hi,

I imagine that this is a question that you need to ask your lender as all we would be doing is second guessing what s/he might say.

As for what to be aware of… it’s just like anywhere else in that you need to do your due diligence over:

1. The area
2. The property (numbers)
3. The property (structure)
4. The tenant

Cheers,

Steve…[Read more]

Hi,

I’m not a big fan of these as I view it like neapolitan icecream – it has a little bit of everything but not enough of anything.

A hybrid trust incorporates a mixture between fixed entitlements (like a unit trust) and discretionary entitlements (like a family trust).

I’m yet to hear a good argument for why a hybrid trust is needed, when a…[Read more]

Hi,

Never let hype stand in the way of good sense.

And… if everyone is fishing in one market, go and find another.

And… frenzy preceeds market correction.

Well, that’s what I think anyway.

Bye,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hmmm….

Good questions, but out of my specific area of expertise.

However, I seem to remember something about owner builders haveing to provide a 10-year guarantee???

My neighbour is a owner:builder, I’ll see if I can remember to ask him.

Can anyone else shed any light on the matter?

Steve McKnight

**********
Remember that success comes…[Read more]