I have tapped into the I.T industry who have incomes in excess of $100,000.00 these people want LIFESTYLE at an affordable price and this area is the answer. If a market is dull in one area it is booming in another, you just need to know where to look, cheap is not always best, there are millions of dollars trading hands every day take the…[Read more]

The tax department may challenge you on this one as although it is your primary place of residence you will be deriving an income from a greater portion than you occupy, I suggest you get tax advise on this, my guess is you will lose as many before you have tried.

philip@residentialwealth.com

I’m not only going to help my twin girls out I am going to teach them how to multiply it, its not only giving that is precious its that the teaching we give we last long after we die.

philip@residentialwealth.com

My question is if the guy is so solid why is he attached to those boof heads at Rich Mastery??

1965 – Credit squeeze
1972 – High unemployment
1981 – Mini correction
1990 – Gulf War – 18% interest rates – Pilot strike – the recession we had to have ( Keating) – building industry crash.
1990 – 1994 dead market
1994 – 1998 prices doubled
1998 – 2000 quiet market prediction of gloom
2000 – 2003 lower interest rates houses boomed again

2004 -…[Read more]

WE are currently undertaking to develop 40 townhouses in Coomera next to Dream World. West Field is planing to start construction of the new shopping centre, Coomera is predicted to become larger than Robina, I personally feel pretty confident.

Check out Residex and perform you normal research, good luck … Philip

Have you done the numbers on a cosmetic renovation to say a second hand well located two bedroom unit close to excellent ammenities.

I enclude a furniture package(tax deductable) as a give away incentive to a tennant if they sign a two year rental guarantee.

regards Phil

There is an old saying ‘if you think it will or if you think it won’t you are probably right’
I recently had discussions with a tax Barristor who writes for the tax office, all I can say is “nothing stays the same”
As long as you are building equity and have a good cash flow you have nothing to fear. A fool and their money are easily parted.

Regards Phil

I agree with darrenb my commercial properties far exceed the returns from my residential ones. You must develop a clearly defined strategy on paper, in my opinion, and stick to them.
I have drawn up a set of property forms that i use for a variety of functions including, purchasing, renovating, maintence, estiminating, developing costs etc etc,…[Read more]

I think that the current rates of home loans are very low and if you research the last 40 years you may be surprised.
Don’t panic and focus on the rates but rather focus on the investment returns and your strategy.
I was paying 19.33% in 1991 on $5,000,000.00 at age 28
so to me the current rate is cheap

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