I’m sure there’s lots of land in WA for $1,000 or less…

Much of it is desert & a long way from infrastructure.

Building property in these locations is pretty close to worthless.

There are also some councils that have been selling land really cheap (or even giving it away) with condition that you build within a certain timeframe & occupy the…[Read more]

Oh my god – woke up this morning and one bedroom has fallen off all my properties….that’s a 25-50% crash in their actual market value!

Who cares if property values fall – the property remains the same asset, it’s simply the perceived fair price that has shifted. There are a number of ways to add value back onto property & based on current…[Read more]

Originally posted by elves:
I lost quite a few points when Ansett went down the tubes

Tell me about it – I was at Saphire level about to go Platinum cause of the three monthly o/s trips I was doing at the time.

We’ve cut up Amex recently – but only because I don’t like how difficult they are to deal with. Frankly after my experiences I’d NEVER…[Read more]

Look frankly if the tenant can’t afford to pay market rent they are better off renting in a cheaper location.

Why not tell the tenant you’re increasing the rent in line with market prices but like them so much you’re willing to buy a place in their rental bracket & rent it to them – they get to pick the house they want (within certain defined…[Read more]

Speckles,

You say you have already entered into the partnership & bought the land – sounds like you’re really asking a bit late – you have a structure, rightly or wrongly, in place already.

So what do you have in place right now?

Cheers,

Aceyducey

Originally posted by wrappack:
The previous comments are uninformed drivel, rude, derogatory, arcane, stupid comments from a brain dead moronic dickhead of a person. Which probably explained why I nearly pissed myself while reading them[thumbsupanim]

THanks Wrappack glad you enjoyed them

I saw the first bit you quoted in a US site about buying…[Read more]

Originally posted by Pisces:
George, if you are or were thinking about a coffeeshop I know one particular shop in Sydney where the coffee is the best in the world. (no kidding).

If this is the guy who also wrote a book on coffee I know him, he’s the dad of a good friend of mine.

Shame I don’t drink coffee [blink]

Cheers,

Aceyducey

Originally posted by Pisces:
But I thought that often an exploration company
may drill perhaps as many as let us say six to ten wells in the same area, so too bad if one sinks $ 3 M into a dry area only to miss out on the right spot because one’s bank has only sufficient money to drill only the one hole.

That’s why a professionally run…[Read more]

fjficm,

There are ways to negotiate a fast settlement in most states.

Why buy outright however – why not buy at, say, 60% LVR. Most properties will still be nicely positively geared, there’s no mortgage insurance & you’ll increase the size of your portfolio significantly.

Remember – if you only put 40% of the money down, 100% of the rent & 100%…[Read more]

Armacaja,

It’s not an easy question to answer on a forum.

You really need to go talk to an experienced accountant and go through all your financials, your structure & your goals to establish which would be the right kind of trust structure for you.

Nick at http://www.strategicwealth.com.au (nased in Sydney) is an accountant who is expert at Trusts,…[Read more]

I was hoping to access more of it for new i.p. [ohno2] Do u’s reckon i should try another valuer? (Although that one was used anyway,as it still gave me enough equity to get what i wanted. But more would be nice![biggrin]

Well if you got what you wanted why not sit on it and reval again in 6 month…you know you’ve got some extra up your sleeve…[Read more]

Originally posted by geo:
I would have hoped that there would be some expert who could advise on the pros and cons of NZ structures versus Aussie structures – Im yet to find one…[confused2]

It’s a great niche for someone just waiting to be filled….

Cheers,

Aceyducey

Hi Drew,

Hold on a sec – you’ve bought all four properties in the last 9 months at the top of a boom.

Well I’m not surprised you’ve seen limited CG!

Give the market some time to recover, recouperate & move forward – say 5-8 years.

If you can’t wait for this timeframe I suggest you consider a different type of asset class – sell all your…[Read more]

Yawn

Market go up, market come down, people make money, people lose money.

At the end of the day are YOU having fun?

If not, get off the rollercoaster & just enjoy the spectacle.

Cheers,

Aceyducey

Originally posted by Pisces:
Aceyducey, someone told me that you are contemplating franchising the oil well drilling business. [wink]

Is that true ?

Pisces,

It is actually. We’re setting up franchises in all major Australian cities and already have a great deal of interest in the opportunity.

The initial investment is $3 million dollars, $2.5…[Read more]

I thought that all life required was a decent supply of residential property [biggrin]

In reality I’ve always questioned a number of the assumptions in that document (which has been floating around in a few forms for at least 20 years now).

There’s a lot we still don’t know and assuming that all life must be created in our image because we know…[Read more]

watchful,

Let’s see…

Using some very rough figures (drawn mostly from the ABS)

Australia has 20 Million people (actually about 20,090,000 last time I looked at the population clock). This equates to about 9 million households (2.1 people per household).

From the book, 5,000 people decide to invest in property (you said CG+, but leave that…[Read more]

wrappack,

Nice story!

Personally I prefer the human sign approach.

You write on the sign “Want to sell a dead person’s house real cheap? I want to buy from YOU!” and walk around cemetaries looking for funeral parties.

You get plenty of attention & don’t have to pick up a phone.

Cheers,

Aceyducey

PS: Funnily enough I’ve found that it’s the…[Read more]

Dfox,

Try Nick at http://www.strategicwealth.com.au/

He’s used by many investors.

Cheers,

Aceyducey

If the gearing can be sustained, (b) is far and away the best option.

Negative gearing has it’s place

Cheers,

Aceyducey