WOW what a time for this thread to come back from the dead!!!
I am actually due for a new car as there is no more depreciation vaule in my camry, also there is somehting that my dad doesnt like.
I am thinking about trading it in for a small car. ( which i probably should have got in the first place)
Looking at the honda Jazz, what does yous…[Read more]
TCLinvestments replied to the topic Am I in a position to enter the property investment market? in the forum Help Needed! 11 years, 7 months ago
Im a simple minded guy, but it if i were in those shoes. I would be very careful to where that money goes. as people have said. you dont want to go into a bad investment and lose it all. Since you are on med leave, i don’t know what your condition is but lets say that you dont want to have all the stress of owning a property. By my very simple…[Read more]
Hi I have another question regarding LLC and taxation. I have set up an LLC to invest in Tax liens in USA, but have not started, tax time is coming up and i haven't done any trading or made any money in it. Do i still have to file a tax return?? I understand it cost between 300-500 to do it USD. I have asked a few people, and some people have said…[Read more]
I am also looking to build a granny flat at the back of one of my properties.
Can someone help me find out what is required. I rang the council up and all they said i needed was a building certifier.
Basically i have the shed/garage that i can use already. I just have to fit it with flooring, ceiling, little kitchenette and bathroom. I am…[Read more]
This is very interesting, I am thinking about the same thing. Lets see, I want to turn an existing garage into a granny flat.
So the external structure is already there. I just have to fit out the internal.
What do i have to consider?? Things that come off the top of my head are
– small sink, kitchenette
– Toilet shower and vanitiy,
First of all, congrats on being a landlord. From the sounds of things you are young.
I went thru the same thing when i first started. you get bombarded with what the agent tells you and you feel like you have to go with them.
It takes a while to build confidence up to talk to these PMs. Just takes a bit of time. I agree with most of…[Read more]
Wow. That was one great workshop. I can feel my brain bursting with infomation, it was certainly an overload for me this weekend.
Had a great time and met fantastic people.
This time I am going to make some money out of this.
I met a very switched on person at the workshop James. He is setting up meet ups in Melbourne to go thru notes and further…[Read more]
Great. Sounds like going to be a fun weekend. I think this smaller group will be great for networking, I was too chicken to talk to anyone during the 3 day conference but determined to network tmr. My human name is Simon Ung
Hello Anyone else annoyed at this 250k Club?? the book registration is still on " click here to be notified" There isnt a separate section for 250 club members. We do get the email homework. but thats it. I thought there was more to it for what i have paid. Anyone else have any other comments??
Hi There, Im going too from Sydney I am very interested in this so i can park my money when it is not being used. i hope the returns and how it all works really works. I am also very interested in setting up the US paperwork so i can continue to invest in the States. im sure when Tony does the setting up the paperwork for us, we will be able to…[Read more]
Hi, I have tried all of the above approaches. and none of them worked for me, (i know its my fault) im just not disciplined enough. So i use a lazy man's approach. I look at what i am earning per month and at the start, i put a percentage away or an amount away. The rest i use to pay bills, ( all on time) spend, go out, eat out as much as i want.…[Read more]
Hello I think i need to turn to NZ for investments as well. I am finding it increasingly difficult to find positive CF properties even in rural areas of NSW. Could someone please advise me of what to do to get started, i mean, Do i have to set up a LLC, engage in a lawyer, accountant, mortgage broker and property manager before i buy, I want to…[Read more]
Hi, Thank you for your quick reply. Yes i can understand that not everyone is the same, and different pple have different strategies. As you can see by my signature at the end of all of my posts, That i am still a baby at this game, I am still very much a numbers freak, To me, at the moment, the more properties i have, the bigger my returns, and…[Read more]
Ibglenwithout being too rude, how many properties do you have now? and are they what you want?? IE positive/ negative CF, in the right areas. does it all fit into your investing strategy?? And can you say that the RESULTS program is value for money, I mean, can you honestly say that u wouldnt be in your position if it hadnt been for the…[Read more]
Say you have a property worth $100,000 with a loan of $30,000. That means you have $70,000 exposed if you are sued.So what you do is gift $70,000 to your trust. Your trust then lends you $70,000 and it takes a second mortgage over your property as security.I am not sure of the taxation implications. The trust should probably charge…[Read more]
Just a quick one on this, When banks look at the rent, do they look at the full rent or, take a % of it? I heard that banks will only take around 70% of rent into consideration of serviceability, Is this correct??
Personally i have my portfolio structured that i can live of the rents for the rest of my live and have no need to ever draw on the equity. With a LVR now at 13% over 30+ properties i expect to have the entire debt paid off in 18 months.
Congrats Richard on this remarkable achievement!!! I would love to be in this position…[Read more]
- Load More