All Topics / Help Needed! / Can you help?
Hi,
I’m just planning the remaining six newsletters for 2005 and rather than write what I thought may be of interest, I’m looking for input from members to ensure the content I write remains relevant.
Accordingly, if you could spare a few minutes to reply to this post, what are three issues you are currently facing or would like more information on?
Thanks in advance for your help, and also for your ongoing support of this website.
Have a great day,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Steve,
My top three would be ;
1. Strategies for minimising the time and cost and stress implications when having to evict tenants who refuse to pay rent / trash the place / refuse to move.
2. Deciding what is an equitable balance for the same dollars between (a) larger land content and worse infrastructure vs (b) smaller land content and better infrastructure.
3. How to assess people quickly who will actually ‘honour and take ownership’ of the responsibilities they undertake when signing a lease. To have the commitment in writing is one thing, for the tenant to ‘feel’ that is also the case and therefore the Landlord encounters no resistance is another step entirely.
Just to be cheeky, I’ll add a fourth ;
4. In the future, which way do you see the burden of payment of outgoings falling to ?? Do you believe residential tenants, like comm. and ind. tenants now, will ever tolerate paying these for the Landlord. Or indeed, do you see the comm. and ind. tenants palming these off to the Landlord in the future with the influx of residential Landlords buying more and more C&I IP’s, bringing with them their standard expectation that the outgoings are the responsibility of the property owner ??
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
Why not have contributions to your newsletter from forum members?????????
TMA
http://www.email4money.info
Essential Links
First Home Buyer WebsiteHi Steve,
One that is hot on my list at the moment is CGT. I know this is an age old problem but my specific issue is with the claiming of the capital write off (2.5%) & what impact this has on CGT. I was advised recently that even if you don’t claim the 2.5% write off that you are perceived to have claimed it when it comes to working out your capital gain on sale. I don’t think everybody understands this issue & gets the appropriate valuations when they are first purchasing the property. Any help would be appreciated as I am trying to muddle through this at the moment.
Kim
Hi Steve
An important issue should be the lack of people saving money in this country. There are not enough incentives. As you know in New Zealand with no capital gains tax no stamp duty and higher depreciation the government at least encourages people to save money. Lets not forget you can also borrow against a super scheme in New Zealand. Clearly a great deal of reform is needed in this country
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
I agree with ‘Dazzling’ – correctly assessing potential tenants is difficult so including that topic would be helpful.
Maso
I’d devote a whole newsletter to depreciation.
Tax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.auHi Steve,
I’d really like to see strategies for building wealth in this environment of rising rates and falling prices.
Possible strategies
– Build equity by paying more off loans
– Let time increase the value of property
– Carry out realistic analysis of holdings
– Investigate what we can expect by looking at previous economic cyclesetc
Hi Steve
Here’s my three
1) Tips and suggestions on sourcing and assessing a team and the skills to acquire to effectively focus them.
2) Best ways of achieving worthwhile returns and building wealth in a steady or falling market where affordability is a big issue
3) Where’s the best place to buy cashflow positive properties?[biggrin]Just kidding
Real 3)Breaking the comfort barrier
I enjoy your newsletters for the content and the occassional bargains.
Cheers
Hi Steve,
I will appreciate your thoughts and views on the recently updated book “The Dollar Crisis” by R. Duncan. Also your thoughts on the The Economist ‘s recent themes on the ‘worldwide property market bubble’.
Regards
Joseph
In addition to an entire newsletter on the fascinating nuances of depreciation, I think some space could be given sometime to helping people decide when to sell. Or at least helping them acknowledge that it’s okay to sell. Every client of ours I have even spoken to says: ‘I’m never selling.’ It’s sort of like a mantra and I can imagine investors sitting in circles chanting: ‘Never sell. Never sell. Never sell…’
The reality is that selling can make sense for all sorts of reasons.
ScottTax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.auHow about some accounting tips n tricks..warnings even?
And maybe spreadsheets/checklists etc..
relevant for this time of year and planning the next 12 months..
Guest articles from valued contributors on the forum regarding mortgages/depreciation/investing/asset protection etc..sounds good to me and also promotes the contributors to the Forum?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTo tell you the truth I am interested in seeing what you think of the next two decades, especially with so much going on (baby boomers retiring, pension situation, etc)… The opinion of even experts varies amazingly, from total depression to not much happening at all. It would be nice to hear from an investor view point, rather than from the screaming headlines of newspapers (and even the cover of books too!).
Also perhaps some strategies of what investors can do to reduce their risk (perhaps a mixture of non property and property related).
So to put it down into two ‘tags’: trends and risk control.
Thanks [biggrin]
Superanuation and property[medieval]
Your future investment stratagies[buz2]
Current market analysis[exhappy]
(Bonus)Diversified investments
Dom[eh]
Contributions may include specific area knowledge and heads up on new developements and roads and shops etc.
Another topic is dealing with the vagaries of management agents state by state. The differences need to be highlighted for new investors who sometimes assume a one week letting fee and 6.6% are the standard as it is in Sydney.
Your the guru Steve, show us the magic.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!Hi Steve,
I’d like some info on the best way to get started with a property portfolio. What strategies should be used? Is it best to buy a property with land which can be developed, thus making a capital gain which enables more properties to be bought with the profits, or to go for the positive cashflow properties? Or a mix of both? I would find some help on this matter invaluable.
Thanks,
[blink]annette
Hi Steve
Good to have met you at the Melbourne seminar, it was great.
I would like something about buying outside OZ and NZ.
Maybe the for and against aspects of such a move.Kerwyn.
Hi,
Thanks to everyone who has contributed ideas thus far.
You know, I have had something of a revelation about my newsletters in the last week. It seems I have gradually become more focussed on the theory and have sacrificed the practical stories that used to be such a feature.
So, one change that you’ll see is a return to some practical tips and insights that have come from ‘the field’ of investing.
Naturally, I’ll also take on board all your valuable and much appreciated suggestions.
Please keep your ideas coming in! Thanks heaps!
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi There
I thought maybe a small piece on how to get finances where there is no consistent income but cash only through sale of business or inheritence ect.Also what would be the best strategy to use going into the property game using this cash alone with no income. Cheers Emma
emma
Hi
My three would be:
1) Best place to source finance once all your capital is used up.
2) Some practical advice (maybe from someone who is already in the same position)to those of us who actually enjoy our jobs (and don’t wish to quit!) but who are time poor and would like to invest in multiple properties.
3) What you feel about property markets outside of Oz and NZ.Thanks a lot
James Wincott
You must be logged in to reply to this topic. If you don't have an account, you can register here.