All Topics / Creative Investing / whats the best net return you have got from a property recently

Viewing 20 posts - 1 through 20 (of 27 total)
  • Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    share what your best net return is that you have got from the purchase of a commercial or residential property.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    A client of mine constructed a house on land for a total cost of $130,000 with the bank valuation coming in at $390,000 just a few months after completion.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of WJ HookerWJ Hooker
    Participant
    @wj-hooker
    Join Date: 2007
    Post Count: 272

    TerryW,
     What year was that??

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Thats a Nice return

    Profile photo of hbbehrendorffhbbehrendorff
    Member
    @hbbehrendorff
    Join Date: 2006
    Post Count: 293

    I dont think that includes the $200, 000 block of land.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    That was this year, $30k for the land.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of RaymondBDMRaymondBDM
    Member
    @raymondbdm
    Join Date: 2008
    Post Count: 32

    Terry, where was this??

    Profile photo of LinarLinar
    Member
    @linar
    Join Date: 2004
    Post Count: 567

    I bought a unit in Darwin a three years ago for $95,000, rented it out immediately for $300pw and sold it 2 years later for $200,000.  I did a $2000 reno on it when we bought it.

    Cheers

    K

    Profile photo of CentralChoiceCentralChoice
    Participant
    @centralchoice
    Join Date: 2008
    Post Count: 64

    Three stories…

    I bought a three bedroom house in Edgewater near Maribyrnong in April last year for $331,000. Did a $2000 reno (patching up cracks on walls, ripping out carpet and polishing the existing floorboards, agents came along and valued it at $550k

    Previous to this though, I bought a double storey house with a coin-laundry in the front. Paid $41,000 for a deposit with the purchase price $410,000, the income from the coin laundry covers the mortgage and bills.

    A client of mine purchased a vacant shop in Footscray for $390,000 earlier in the year that was vacant for more than 6 months. Somehow found a tenant in there immediately who was willing to pay $4000 per month. $48,000 per year, and tenant pays outgoings values it at close to $1 million.

    Profile photo of crashycrashy
    Participant
    @crashy
    Join Date: 2003
    Post Count: 736

    bought a house Aug 2007 for $300k. did a $25k reno. sold Feb 2008 for $446k

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Settled on 14 blocks of land in Western Qld at $9000 a block Dec 2007.

    Sold them all and settled Nov 2008 at $38500 each.

    10% CGT you have to love it.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    sounds good some nice gains acheived

    Profile photo of CentralChoiceCentralChoice
    Participant
    @centralchoice
    Join Date: 2008
    Post Count: 64

    Apologies for the repetition. I will remember in future to only press post comment once.

    Profile photo of js2js2
    Member
    @js2
    Join Date: 2003
    Post Count: 758
    CentralChoice wrote:
    Apologies for the repetition. I will remember in future to only press post comment once.

    It's alright CentralChoice…Cyber Cop to the rescue. "I tidied them up ". You're my first job as moderator.

    Profile photo of Kiwi-FullaKiwi-Fulla
    Member
    @kiwi-fulla
    Join Date: 2002
    Post Count: 371

    Hey all …. long time since I been cack on here…. This year I got control of 11 Houses (all different vendors) for $1.00 each…. for five years on Lease option ….. most of them I am getting a great positive cashflow result….. (except the one I moved into)…

    The one we moved into was such a good deal….. when we advertised it as a REnt to own …. no one moved on the deal…. so we got it. Pay $500/week and get $250/week off the house price…. for al five year option.

    We get heaps of these types of deals in NZ (as we will possibly expand back to Aussie…. but concentrating on NZ for now)…. There are bucket loads of motivated sellers and no buyers in sight….

    One of the deals we got releived an investor of a $185/week negative cashflow issue and now they are getting $20.00 per week positive cashflow…. we get a net cashflow difference of $150/week.

    hope this give some people out there the knowledge that this stuff is still happening out there even in this market…. just takes a little more time and effort.

    Cheers,
    KIWI

    Profile photo of elkamelkam
    Member
    @elkam
    Join Date: 2006
    Post Count: 722

    Hello Richard

    Would you please mind explaining how one organises it to only have to pay 10% CGT.

    Great result BTW

    Cheers
    Elka

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Elka

    Sure purchased them in my Self Managed Super Fund and the Contract dates (buy & sell) were >365 days.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of elkamelkam
    Member
    @elkam
    Join Date: 2006
    Post Count: 722

    That will do it.

    Thank you Richard.

    Elka

    Profile photo of Boshy888Boshy888
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    @boshy888
    Join Date: 2007
    Post Count: 154
    Profile photo of clonesclones
    Participant
    @clones
    Join Date: 2005
    Post Count: 81
    CentralChoice wrote:

    Three stories…

    I bought a three bedroom house in Edgewater near Maribyrnong in April last year for $331,000. Did a $2000 reno (patching up cracks on walls, ripping out carpet and polishing the existing floorboards, agents came along and valued it at $550k

    Previous to this though, I bought a double storey house with a coin-laundry in the front. Paid $41,000 for a deposit with the purchase price $410,000, the income from the coin laundry covers the mortgage and bills.

    A client of mine purchased a vacant shop in Footscray for $390,000 earlier in the year that was vacant for more than 6 months. Somehow found a tenant in there immediately who was willing to pay $4000 per month. $48,000 per year, and tenant pays outgoings values it at close to $1 million.

    Something very doggy with all those numbers, I am not sure they say the whole story or that they are even truth. Plus valuations are only that paper numbers, try to sell to see if you can at all.

    Coming from a RE related person it will leave me with a bitter taste. Did a company called centralchoice do the valuation?

    Clones

Viewing 20 posts - 1 through 20 (of 27 total)

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