Duckster I agree, however do you agree that market forces are greater than any emotion and the true value will always resurface at some point.

Pricing is a supply and demand issue and although we have booms and busts, the propert curve is and has been on the up for ever and a day.

If you are buying strictly for capital gains, I would be…[Read more]

Also on the subject of Land Tax.

Here is SA, the land tax is calculated on the accumulated value of land. So the more you own the more you pay.

My agent has started purchasing properties for me in really weird percentages. For example, Property one is owned 99% me and 1% my wife, Property two 98% me and 2% my wife.

What that does is start up…[Read more]

One way around that.

Don’t let emotions get involved in your decision making process.

Again that is one reason I do not view the properties I am buying personally.

Byronent
Adelaide SA

My answer are “just do it”

Start looking and when you find then decide how to proceed.

As for your hands on approach, that is good if you are in a travelling distance from the properties you buy. If not, then it is no great benefit.

I think you have a great starting position and should find it very easy to build a great portfolio fast.

Good…[Read more]

There are people here that will find you properties for a fee.

Are you serious about CF+ properties. Or you just checked your local paper once and found none.

They are out there I can assure you.

Byronent
Adelaide SA

Questions that need answering first,

1. What are the properties around you like? If they are all 40 acres minimum you have no hope.
2. When you say zoned rural, are you even in a town or in the surrounding areas?
3. Find out from the council why it has that zoning and what the councils future plans are. Should all be documented.

Byronent
Adelaide SA

Get good insurance and find a property manager than can screen tenants.

I have had some beauty, but all covered by insurance. The worst was for $5000. They took my doors, light switches carpets, you name it, but it did me a favour, i get a further $20 a week rent after insurance paid for refit.

Byronent
Adelaide SA

Tell me the property is not owned by the actual Dentist

Byronent
Adelaide SA

In Table 11.1 you are comparing selling one property to buy two properties and there fore the rent figures are firstly for one property and then for two.

In Table 11.2 you are comparing refinancing your current property also listed in Table 11.1 to purchase one more property. So the rent numbers differ yes. If that is not clear please ask a…[Read more]

Yes I agree, 2005 is going to be a great one for me.

All the best to everyone.

Byronent
Adelaide SA

By researching and reading.

Try the net, try other members, don’t limit your search and use your imagination.

I mean you think I would just find one now and say hey Gogo, take it a gift?

We are all in the game of investing here and a good deal is one we are all going to jump on.

Byronent
Adelaide SA

Why use an architect?

I use project builders and it is seems to work out a lot less as they do the lot, from plans, to building and then sell.

Byronent
Adelaide SA

Joe Barbaro
MTS accountants Salisbury
0412950424
82816944

Laid back and very helpful

Byronent
Adelaide SA

WEll there are many members here, ask them.

I have some CF+ and I do not wrap anything I own.

You do the maths

Byronent
Adelaide SA

wouldn’t your property manager do that for you? Mine do it for me here in SA.

Byronent
Adelaide SA

I get the address, and then personally visit the local council and ask too see a town planner.

See what the council would consider and they give you a nice map, info, guideline and so on.

I then take that to a draughtsmen or surveyor depending on what I am doing and off you go. Not an expensive excercise, but can very profitable.

Byronent
Adelaide SA

why would this matter?

If he has 1 or 10000 how does it impact on what you want to do? I don’t see the relevance

Byronent
Adelaide SA

ON those returns I find it over priced as it is.

Byronent
Adelaide SA

does it make a difference to your plan?

Byronent
Adelaide SA

I usually just get a letter to comfirm i have funds too complete and that is usually sufficient for the bank.

the letter basically states i have funds available on call with someone signed by that someone.

Byronent
Adelaide SA