Forum Replies Created
I am sure a self managed super fund can do the borrowing though. Will have to confirm, but it could be a way to use you own funds that are locked away.
Byronent
Adelaide SASpeak to a few local agents. They will give you the prices per square foot as you quoted for both strata’d and as you currently have them.
If the price warrants it then complete the strata. I would only do this if you are trying to unlock some equity for another purchase. Doing it for the sake of it, will only increases the rates and charges you pay to the government.
Byronent
Adelaide SAMost my purchases have been sight unseen. I believe seeing a property sometimes sways the decision process.
Silly things like oh I don’t like the colour, or that yard is not tidy. Emotions may kick in instead of decisions based on numbers which should be the priority.
Byronent
Adelaide SAI believe you need a new accountant immediately. One that invests in property is urgently required. Accountants are usually only good at dealing with the past. Financial planners are better at the future and tax planners best at minimizing your tax liabilities.
I don’t think one person would ever be good at all three so get yourself some advice and from more than one source.
The difference between trust, company, individual and family super company is very dependent on what you are intending to do, achieve and what you want out of your future plans.
No one here can really advise on that I am sure. Not well enough without all the facts.
Anyway, whichever way you go, goodluck and please advise us that you did move to a new accountant none the less.
Byronent
Adelaide SADepends on your situation and your action plan.
You looking for CG or CF?
Byronent
Adelaide SAtheir sites are here on their profiles
Byronent
Adelaide SAJenman is nothing more than a scam that has got out of hand.
I have tried dealing with them as an agent and I have to say, I feel sorry for the sellers as from my experiences, their agents are so desperate to sell to make their commissions, you usually get a CHEAP PRICE (note the bolds) on any property they have listed.
Byronent
Adelaide SAHI Martine,
My understanding of the 11 second rule is pretty basic, however it is true a property may pass and still be negatively geared. All the 11 second rule does is show you a percentage of around 10.4% return.
When taking into account, interest, rates & charges, maintenance etc, a property at times may cost you more than 10.4% annually and therefore making it negatively geared although it did pass the indicative test.
Saying that, your example of $160,000 renting for $160 per result does not pass the 11 second rule test. I believe what that is referring too is more what you would expect to get minimum rental return. That is also around 5% gross return and guaranteed to be negatively geared.
Byronent
Adelaide SAKiwi, I need to ask one question about an earlier post.
What do you mean by obtaining a system rather than making purchase? Does this system you are referring too cost money?
I personally would attempt too purchase a cashflow positive property as soon as I could if I had a deposit like Firecaesar is suggesting.
Byronent
http://www.propertystuff.co.nz/c502a484a867e8fe/
Got this site from http://www.domain.com.au
Patrick Bouhamdan
General Manager
Cherry ComputersWhat kind of information you looking for?
Broken Hill was once famous for its mining and now is trying to change its’ focus towards tourism.
Properties range in price starting as low as $20k for a renovators dream upwards well above $200k.
The low end of the market is a good place for that investor looking for cashflow. We bought one last year for $18,000 and now rent it for $130 a week. Spent about $5000 in repairs.
There are many listed around the $40k mark which I am sure would rent in excess of $100 per week.
It really depends on what you are looking for. AT this point I am only looking for low end properties that provide great cashflow.
My point on your town Scott B was just that I don’t think it would be hard to find places without a fee. I am not sure about others, but I would be happy to pay a little bit more to receive a 10 year guarantee. The armed forces or mining companies do that often to house their staff.
Patrick Bouhamdan
General Manager
Cherry ComputersThanks Scotty B
But if you mean for a fee I would have to say no thanks.
I enjoy helping out for free.
Here is a link for your town great return, 10 year guarantee.
Patrick Bouhamdan
General Manager
Cherry ComputersThis is an 8% return without negotiating based on purchase price.
http://www.ljhooker.com.au/property_listing.php?id=646874&type=Residential&category=buy&click=1
Is a 7% return without negotiating based on purchase price. COC would be better.
I have emailed a few agents and waiting on replies.
Also, we just bought a few in Broken Hill NSW. PUrchase price of around $40k for a house renting for $110 a week. Still many there available. We used http://www.elders.com.au/brokenhill and http://www.schinellas.com.au/
Patrick Bouhamdan
General Manager
Cherry ComputersI can tell you that there are a few still there. REsidential of course.
I was looking at blocks of units/flats that were returning great dollars. I found them on Domain.com and Realstate.com.au I will get some links and post them up later if need be.
Patrick Bouhamdan
General Manager
Cherry ComputersHi Rose,
This is my first post as I am new to this site.
But I can tell you for sure, there are still many positive geared properties in Gladstone Queensland. Beach town, some returning over 10%. Take a look and if you need some links let me know.
Patrick.
Patrick Bouhamdan
General Manager
Cherry Computers
