Total Members: 158,077

wilkie0611

  • wilkie0611 replied to the topic WA in recession??? in the forum General Property 10 years, 8 months ago

    i do beleive there will be a slow down in the western ausralian economy i work for cbi the biggest contractor for the gorgon project and have seen many other contractors reduce numbers and have seen and heardmany of many of the people in the mining industry made redundant… with the combination of bigger projects in wa being “puton hold” and the…[Read more]

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 8 months ago

    cjay could you reccomend any good buyers agents in the brisbane area ? … another question if i owned a negatively geared property in my own name to claim the tax benefits but have a positively cash flowed property owned in a trust to offset the negative gearing costs would the banks frown on this and will it effect my borrowing power ?

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 8 months ago

    cheers terryive just used that calc very handy cheers… brickwork on house should be finished mid next week so house os coming along quickly knowing the builder helps alot :) so may be looking into ip 2 quicker than first expected… i were considering buying in my local neighborhood of perth but the market is really starting to heat up so my…[Read more]

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 8 months ago

    this may also be a stupid question but if you were to buy another ip which state would u buy in atm ?

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 8 months ago

    cost of house in total 344000
    expected rent 500- 520 pw
    house completed november2013
    10 year growth of area 8.4%
    all together pretty happy :D

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 9 months ago

    yes im currently building a property which i didnt put in a trust and am currently looking at ways to put it in a trust to lower the tax i pay on it as it will put around 100 pw in my pocket and im already getting taxed at the highest rate because of my income… my next property ill look at will hopefully be a cg property most likely slighty…[Read more]

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 9 months ago

    i understand thankyou terry

  • wilkie0611 replied to the topic creating a trust in the forum Legal & Accounting 10 years, 9 months ago

    so wilko instead of being taxed at the 48 cents to the dollar im taxed at for earning over 80g p/a if i get some of my income paid into my trust/ corporation i will only be taxed at 30 cents to the dollar ? am i correct by saying this ? this would also benefit my share portfolio being taxed at a lower rate :)

  • wilkie0611 replied to the topic my current situation advice needed in the forum Creative Investing 10 years, 10 months ago

    Alfresco dining im currently building a 4x2x2 in meadow springs

  • wilkie0611 replied to the topic my current situation advice needed in the forum Creative Investing 10 years, 10 months ago

    I have also found another good block with the same potential but thos block is 1500 sqm on a corner corner block oldhouse out front… Zoned r100 multi purpose use ideal for subdivision or da/ba

  • wilkie0611 replied to the topic my current situation advice needed in the forum Creative Investing 10 years, 10 months ago

    Shahin i was thinking about getting in contact with the owner and asking if i can do a ba da approval on there land and go 50/50 with them on any extra that i make them, as i dont have the funds for a deposit but will beable to fund a da/ba and improve the value of the property… good idea or do you think its not even worth wastong my time ?

  • wilkie0611 replied to the topic Help! Recommended Investment Suburbs for low prices in the forum Help Needed! 10 years, 10 months ago

    Id also suggest get a copy of api or your porperty investment have a look at the stats on the back for price ranges your comfortable with and go from there …

  • wilkie0611 replied to the topic my current situation advice needed in the forum Creative Investing 10 years, 10 months ago

    i will have my borrowing power back with the bank in a year or so once this house is rented out and paying for itself…

  • wilkie0611 replied to the topic my current situation advice needed in the forum Creative Investing 10 years, 10 months ago

    No money for deposit used paying for house im building and paying interest payments and progress payments building the property… finances arent tied up us such just have alot of payments atm :/

  • wilkie0611 replied to the topic rent to buy in the forum Value Adding 10 years, 10 months ago

    yes i were going to speak to a solicitor to write up the contract and put in something which will allow me to renovate whilst i were renting and allow me to access equity that i build whilst renovating…

    have you used this technique yourself lucky i guess…

    ive actually just come across a deal in mandurah the property is 700+ sqm is zoned r30…[Read more]

  • wilkie0611 replied to the topic Dymphna Boholt Growth and cashflow in the forum Heads Up! 10 years, 10 months ago

    ok so i have got a bit further through this course… and im starting to eat my last post on this topic :/

    alot of different stratergies have been presented to me, all not in huge depth but simple enough to grasp the concept… alot is left to you to dig into and learn were i do think a mentor could be very handy to talk you through the…[Read more]

  • wilkie0611 replied to the topic rent to buy in the forum Value Adding 10 years, 10 months ago

    yes i would be renting with the intention to buy…no deposit but have a good job 2k + in hand pw so reno would be ideal… i live in western australia and an looking for property around the henderson area

  • wilkie0611 replied to the topic investment groups in the forum Help Needed! 10 years, 10 months ago

    hi all, i dont really want an investment club as such… what i want more out of this group is a pool of like minded people i can meet up with in my area and discuss views on the area and other things about investing… i know this may sound stupid as people will say you’ve got this forum to ask these questions in … but i just beleive it may…[Read more]

  • wilkie0611 replied to the topic Dymphna Boholt Growth and cashflow in the forum Heads Up! 10 years, 11 months ago

    im currently reading and listening to all the audio cds from herultimate investing pack worth around $5000 for free as im lucky enough to have borrowed it from a friend…

    this is probly going to sound horrible but i listened to her first audio cd and had to give up as i got frustrated at the use of slang in the content just doesnt seem…[Read more]

  • wilkie0611 replied to the topic Chinchilla Qld the place to be ? in the forum Help Needed! 10 years, 11 months ago

    thankyou for your insight is all taken on board.

    cheers,
    ben

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wilkie0611

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