Total Members: 158,560

steveod

  • steveod replied to the topic Positive backfire in the forum General Property 20 years, 7 months ago

    Hi everyone,
    This is a very interesting discussion. My two cents worth is this. Yes, the rental market is declining (although not everywhere) BUT!! When interest rates rise and people who are on the borderline with their finances have to sell, there will be an increase in demands for rentals. The key to everybody’s strategy, no matter what your…[Read more]

  • steveod replied to the topic Place comments about my spreadsheet here in the forum General Property 20 years, 7 months ago

    Hi Fudge111,

    I’d ;ile to have a look as well.

    [email protected]

    Thanks.

  • steveod replied to the topic Excel formula in the forum Hotch Potch 20 years, 7 months ago

    Hi still_in_school (Sorry, don’t know your name[8D])

    Would you mind e-mailing me a copy of your spreadsheet? steveodatwestnet.com.au

    Thanks

    P.S. I put at instead of @ to avoid spammers who run software programs over web sites to get e-mail addresses.

  • steveod replied to the topic Favourite Movie? in the forum No Subject 20 years, 7 months ago

    I can’t believe that ‘Animal House’ with John Belushi didn’t get a mention yrt. Then again, I was 17 at the time. Maybe I’d better take another look if it’s still around[:D]

  • steveod replied to the topic Having troubles with 11 second rule in the forum General Property 20 years, 7 months ago

    Hi Andrew,
    There are definitely 11 sec rule properties out there. It just takes alot of work, and as others have said, don’t limit yourself to your local area.

    Also, don’t ignore something if it is outside the rule. I just looked at 2 units for $140,000 ($70,000 each) and rented for $110 per week each. I found out tenants in both units had been…[Read more]

  • steveod replied to the topic investment property turn into superanuation in the forum No Subject 20 years, 7 months ago

    Yes, you can set up your own super fund. It is relatively easy and can be done with the help of your accountant. I don’t think that money you personally put in is fully tax deductible, but rather, it is taxed at a lower rate. Does anybody else out there know exactly?? Your accountant can set you straight with that though.

    Regards,
    Steve

  • steveod replied to the topic Superanuation…. in the forum No Subject 20 years, 7 months ago

    Craig,

    I had my accountant halp set up mine. I suggest that you talk to your accountant who should be able to get things under way, or at least point you in the right direction.

    Steve.

  • steveod replied to the topic Property Management Fees in the forum General Property 20 years, 7 months ago

    Thanks everyone. This has helped alot. Getting back to the original reason for this post, one of the PM’s I contacted charges 9% letting fee of rent every time they renew the lease. EVEN IF IT’S THE SAME TENANT!!

    I.E. Lease renewal for 6 months works out to the following. 26 weeks times $200 rent times 9% equals $468.00!!

    Needless to say, I…[Read more]

  • steveod replied to the topic Superanuation…. in the forum Hotch Potch 20 years, 7 months ago

    Hi Jason,

    Yes, it can be done and is a simple process. I have just done the same thing. Just decide which one you want to keep, then ring the other two to send out the paperwork to roll funds into your preferred super policy.

    If you are seriously looking at running your own investment portfolio, it is also worth talkin to your accountant about…[Read more]

  • steveod replied to the topic 11s rule in the forum General Property 20 years, 7 months ago

    As I have found out since joining this forum, they are out there. It’s just a matter of a lot of time and effort and you will find them (I think that maybe this applies to anything worth having[8D]).
    My family formed a syndicate two weeks ago and we have offers in on six properties that meet the 11 sec rule [:D]

    Cheers

  • steveod replied to the topic QS for NW WA in the forum General Property 20 years, 7 months ago

    This is probably a stupid question, but what do you use a quantity surveyor for??

  • steveod replied to the topic 11s rule in the forum General Property 20 years, 7 months ago

    Basically it is a guideline for buying positive geared property and works like this.

    Divide the weekly rent by 2 and then multiply by 1000. The figure that you come up wuth is the maximum that you should pay for a property and gives you a 10.4% return P.A. on purchase price.

    Example:
    Rent = $100/2 = $50
    $50×1000 = $50000 max pusrchase…[Read more]

  • steveod replied to the topic Buying without seeing in the forum General Property 20 years, 7 months ago

    Thanks for asking the question Jay, the replies have given me something to think about and has changed my mind on a potential deal. It is a unit for $60000 with weekly rent of $120. It is ten hours away by car and I was thinking of buying site unseen, (although I had a friend in the town, and I did see a digital photo) I think maybe I might just…[Read more]

  • steveod replied to the topic WA Seminar??? in the forum Opinionated! 20 years, 7 months ago

    How many other West Aussies out there?? Let’s see if we can generate enough interest to get Steve over here[8D]

  • steveod replied to the topic Retrieving old post in the forum Heads Up! 20 years, 7 months ago

  • steveod replied to the topic 0 to 130 In How Long?? in the forum Hotch Potch 20 years, 7 months ago

    Thanks for the reply Steve. You mentioned that it alldepends on allocated resources as to how well we will go. As a group we have made a commitment, to have three people (myself, my son who works for me and my dad who is retired) actively working on sourcing new properties. An equivalent of one person full time is the goal. The financial…[Read more]

  • steveod replied to the topic 0 to 130 In How Long?? in the forum Hotch Potch 20 years, 7 months ago

    Thanks for the encouragement Leigh

  • steveod replied to the topic Building a +ve cash flow property porfolio in the forum Hotch Potch 20 years, 7 months ago

    Steve, your book is titled 0-130 in 3.5 but here you are saying to get just two in the first year. I am not having a go, I’m new to forum, looking to start investing and your advice seems at odds with your book. Looking forward to your response.
    Steve.

  • steveod replied to the topic how to retire by 40? in the forum General Property 20 years, 7 months ago

    Where do we find this extra chapter? I would like to read it myself

  • steveod replied to the topic Mentoring Question for Steve in the forum Hotch Potch 20 years, 7 months ago

    The seminars sound great. Except for those of us in WA [:D] Steve, are you planning on coming to WA in the near future. Would love to go to one of your seminars if you do,
    Thanks,
    Steve (also) [:)]

  • Load More

steveod

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,560

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!