has anyone ever invested in one of these and if what was the outcome?

so if my property only returns 4.5%, and it wont grow in value much more, i would be better to sell. And try the same thing again with another.

my inspections are part of the service.
mine charge 7-8%? of income,
advertising is free, letting fee is just 1 weeks rent.
also they charge postage fortnightly of @.50, (which is one letter, 1 stamp and 1 evelope

if a property returns 6% before costs, after maintnece, commision, insurnace, BC, rates and water, it returns 4.5%

What is the return 4.5% or 6%?

Richard
what is LTO, and wrapping and shared equity?
“The other option is to look at financing altenatives such as wrapping, LTO, shared equity etc etc whereby you enjoy the security of a property close to hand and then increase the income by onselling it utilisng vendor finance.”

lots of good points and questions for me to consider. It is on the main land near Bribie Island. My agents always seem to have carp excuses for not selling it.
How do i get rid of an agent? Do i just ring them and tell them they cant sell it any more. It is not over priced, as i havnt even had any offers, not matter how rediculous. No offers…[Read more]

600 sqm, Just north of Brisbane.
In a small quiet fishing village, not many big shops in the town.
I may have to think of putting a house on it. It is 600 meters from water, i have advertised it locally and in Sydney. Not much luck so far.

i think i will use the equity in its increased value rather than selling it; to buy another place that is of a profitable rate.

that maybe better, as i will get taxed on my profits
cost 70 expenses maybe 20, so i would get taxed on anything above 90k that i sell it for.

Real estate will take 7k should get taxed another 10-15k

I will loose nearly 20k on the sale. Is that correct?

the property has already gained a fair amount, rent was returning a good amount when i first got it. now, i just worked out it returns 3.9% after all expenses (bc, rates and so on). I am not making much from rent but i could make a better $$ from selling it now. On 1 $100,000 property in Victoria, buying and selling, how much do i actually…[Read more]

i too have lost the point, “+CFI are not found they are made”??
can i have an example?? Do I buy a crap place paint it and mow the lawn and rent it out for way more than what is was previous rented for… Is that what you mean?
Sorry i am a bit confused>>> how do i make them?

that is the total cost, no gst, no advertising fees, nothing just the flat fee of $6,700. and i dont have to pay any more.

what is a trust? where can i get info on this?

the loans are seen as one, i borrowed over a total of $150k so i got the good interest rate. Keeping them seperate wont have any effect, unless you mean i will save on a monthly rate. If i do that i would have 2 properties secured against 1 loan. I dont want that. if i pay one off first i can…[Read more]

i will explain further to get rid of the confussion.
I refinanced a loan and used this as a deposit on a new place to live in. My accountant said because i was using this money to buy a place to live in; even though it was secured against an investment property; it is what it is borrowed for that counts for tax. If i tried to claim this, the ATO…[Read more]

whats a wrap?

much much do you want to spend? where do you want to build?

put in a low offer before auction, give yourself time for another other if they reject or negotiations. remember that the auction will cost seller a couple of $1,000 so they will consider your offer as it will save them money.

kind of a hard one, what is in the kitty? what needs doing? What did the last years cost count for. at least he didnt give these to me incorrect, just that he thought that i may over look it as it was broken down into quarterly payments.

heads up, keep our wits, and be smart, and thoughrer[thumbsup2]

how much can you rent these places for?[goatee]

cities where the rent is just not enough to buy include.
Gold Coast
Sunshine Coast
Brisbane
Caboolture
Bundaberg
Cairns

Where is somewhere that you can actually get a decent return for your $$?????[glum2]