Not much, not warranted buying a block for I have to say.

You usually adjist on the spare land of a block to earn extra revenue.

Byronent
Adelaide SA

I have bought property using the going concern clause so no GST was paid on commercial.

Commercial property I believe, returns more overall and you aren’t often changing tenants.

Before you let your accountant talk you into anything, I would get a second opinion just in case. They aren’t always right.

Byronent
Adelaide SA

Speak with a few financial planners, and an accountant.

Whatever you do, don’t sign a thing until you are sure and run it by a solicitor. It may be expensive at the start, but it will all worth it in the end.

If you choose property investments as your future, Read Steve’s books and check out the forums, lots and lots of info here that will get…[Read more]

http://www.sharemarketcollege.com/home.php

that is a good start.

But don’t by the software, it is very expensive and not worth the money.

Byronent
Adelaide SA

I can’t see how that would work.

A joint venture meaning two parties owning the same property. Using that property as security for a loan?

Wouldn’t that decrease the security value available for purpose of the LVR by the percentage owned by the super fund.

Would you not also have to be the other party to make it work?

Byronent
Adelaide SA

You can buy properties that have more than one dwelling on it. Say 3 Units/Townhouses/Flats whatever you call them on one title. The only problem with multiple dwellings on one title is you can’t sell them off individually.

Strata or Community titles if approved let you break up the one title so that you can have one dwelling on one title.…[Read more]

My accountant suggested I get a credit card in NZ and use it as i wish. There is no real need to bring the money back and if it doesn’t hit our shores, why declare it?

Byronent
Adelaide SA

Marsden, based on your theory, do you own any property?

I have never had a property empty for more than 10 days. I only buy “dogs” as defined so well here.

My accountants keeps my tax bill to an absolute minimum. Especially after I showed him an article from the USA. IN short, one of the accounting associations sends out an example to the top…[Read more]

I would be interseted to hear your answers to the above.

Byronent
Adelaide SA

If you have funds, wouldn’t you put them in an offset account? Or you suggesting you get an LOC to make available funds for investing in IP?

Byronent
Adelaide SA

I always wandered about that. Very simple explanation.

Aren’t you accountants getting fancy, Profit & Loss statement has a new name.

Byronent
Adelaide SA

I only use accountants that do what i do.

Otherwise they are just no good for anthing other than advice on how to minimise tax

Byronent
Adelaide SA

Well i can tell you, that is not my current accountant so i am relieved.

You realise there are some Property Managers that guarantee rentals. i mean they say we promise to give you X no matter if we rent it or not. So your 40 weeks goes out the window instantly.

Anyway, you learn from your errors faster than your successes and if you don’t, you…[Read more]

PM on the way Alf.

Jo ok I concede, dog may be harsh and foolish is probably a lot diplomatic. But you get my drift.

Byronent
Adelaide SA

Do you own your own home? Do you have any equity?

You say you have a CF+ property already. Does it have equity?

10k in some areas is a great deposit.

Byronent
Adelaide SA

Lucifer_au you sound like a man of my own heart. I totally agree with you on this one.

Jo, I am going to have to agree with Lucifer. It really depends on how you pull off the investment as a dog for one could be a gem for another.

Alf, can I ask who the accountant was? Sounds like you are a local also. I have made lots of great deal in…[Read more]

I would have told you to jump on in and buy up.

These areas you described are my favourite.

Take SA Salisbury. You could have bought a 2 bed Flat here for $35k not even 4 years ago, now anything under $100k is a print error.

My point is if you are near CBD, most areas will increase at some point. If the return is positive, I am guessing the…[Read more]

yes but how does he relate that to a dog?

Byronent
Adelaide SA

Hi Steve,

If you need any help with web design or features, I have a good team of people that can help out or offer some advice.

Byronent
Adelaide SA

How can you call that a dog?

Just cause it didn’t sell doesn’t mean it was a dog?

What was it renting for? Why did he sell it?

Maybe he priced it too low and all thought something was wrong with it.

There are many factors to look at here. where was it for example.

Byronent
Adelaide SA