hey jj,

i live in sydney and would be interested in meeting up…

-nick

Hey Soosh and everyone,

Fantastic idea…It’s very disappointing to read about media coverage after it’s already happened!…

So while I’m at it…the Money section of the SMH this morning had an article on positive cashflow investing in which Steve was quoted amoungst others…

-Nick

Hi Little Mermaid,

The rent you receive most definitely must go into your super fund if it is owned by the fund. Since you can’t borrow to invest via an SMSF the tax (15%) you will pay will be income minus management and maintenance expenses.

-Nick

Hi Drewboy,

Any entity (including individuals, trusts or companies) that are carrying out a business and that have annual turnover in excess of $50,000 a year must register for GST. Otherwise it is optional. For more info check out http://help.abr.gov.au/content.asp?doc=/content/17576.htm&placement=ABH/OTH/GPO&usertype=BC

You become registered…[Read more]

Hey hwd007,

I’ve spent countless hours building cities with this game and you’re right – it is cool. As technology has improved it has more realistically represented urban development as it is in reality. There are lessons for property investors in terms of the ‘what constitutes a good area’ question. A good area in Simcity, for example…[Read more]

Hey big cat,

If you are looking for capital growth then the kellyville/rouse hill area still has some way to go in my opinion. However, there are many conflicting views about the area – I listened with interest to John Edwards from Residex who is convinced that the terrible infrastructure, small blocks of land, bad housing design and lack of…[Read more]

Ernest,

Check out http://www.financewraps.asn.au/
http://www.positivecashflow.com.au/
and of course https://www.propertyinvesting.com/strategies/wraps

-Nick

“Be courageous enough to act immediately…and never be afraid to dare” – Mark Fisher

rfcricho,

Why not just try out some ads in local papers. They cost all of about $20 per week and you will immediately get the answer to your question It really depends on the demand for this type of finance in the area you are considering.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Alex,

The 11 second solution says that if you take the rent, divide by two and multiply by 1000, this is the maximum you should pay for the property. So in answer to your question it’s the purchase price not the amount borrowed that’s important.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Neologism,

For buy and holds, there are ways to reduce vacancy in your own properties that many landlord’s don’t consider doing.

While vacancy should be a minor consideration for b+h properties I personally would prefer to focus on cashflow because I know there are ways – both on the property side (eg. improvements) and on the tenant side (eg.…[Read more]

Hey everyone,

Grace – I don’t believe registration is required.

Look forward to seeing people there. Look out for me – I’ll probably be the youngest guy there

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Hey Cashflow,

Awesome story and a great inspiration for all us other youngsters (im 20) to get going now!

I look forward to reading more of your posts in future.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Hey everyone,

I want to throw in my 2 cents about how cool it would be to have a Sydney social group. I know they have something similar going in Melbourne and Brisbane so COME ON Sydney people!!!

-Nick

To add to what David has said, the First Home Owner’s Scheme website at http://www.firsthome.gov.au/ states:

quote:An eligible home must be occupied by the applicant(s) as their principal place of residence within 12 months of completion of construction or settlement of the home

-Nick

Hey Cherie,

I use a spreadsheet that I have put together, which has both a buy+hold and wrap deal analysis sheet… I find it easy to use, but then I made it so maybe it takes some getting used to…

Anyway if you would like a copy email me at walkernick@optusnet.com.au

Cheers
-Nick

Hi Caeryla,

I am also a Uni student who is starting a property portfolio.

quote:I’ve heard of the First Home Buyer’s Grant, but would that apply to non-residential properties such as a vacant block?

The FHOG only applies to owner-occupiers. I have done a lot of research here and found the system to be quite unfair in that, if you go on the…[Read more]

Hey maximus,

All I know is very low vacancy, rapid turnover of cheap properties, and not many that are +cf left.

-Nick

quote:all th loans which I have gone guarantor for have not shown up on my CRAA…..
My loan applications are though

What is the difference though? Does your CRAA look different if its a loan application vs an actual loan??

-Nick

Hey guys,

You’ll find some discussion about unlimited finance at https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1635

Cheers
-Nick

Hey everyone

Henry Kaye seems to have taught his NII telemarketers some good sales skills too… I attended a free seminar on the weekend, and was offered a form to fill in for a free consulation with a senior manager at NII, as well as a free 6 month subscription to Wealthcreator.

On the advice of people on this forum, I decided not to go for…[Read more]