D.Stonefield

D.Stonefield started the topic Unit block in the forum Creative Investing 8 years, 8 months ago

Have noticed a few unit blocks for sale simple cheap places that rent for 245 a week.

Can get a 4 unit complex for $700k. By my calculations. Would be geared at about 300 a week after interest and capital payed. I know there would be other costs involved. ($925 a week rent for all)

My question is am I better off buying 2 stand alone places. At…[Read more]

D.Stonefield replied to the topic Deception Bay QLD Investing in the forum Help Needed! 8 years, 8 months ago

Crime stats are good to look at but can be extremely squewed. As a police officer my self I can say yes the area does have a bit of a reputation. But not as bad as those crime stats would have you believe. Remember the squeaky wheel gets the Greece. Police target drug offences where they are more likely to get results. Which means other areas…[Read more]

D.Stonefield replied to the topic Making cash flow positive in the forum Help Needed! 8 years, 9 months ago

I understand a higher grown rate area would be beneficial was just using the suburb I’m currently living in as an example.

There are better suburbs around me. Would want to invest near me so I have the ability to renovate myself

D.Stonefield started the topic Making cash flow positive in the forum Help Needed! 8 years, 9 months ago

I’m soon going to have about 500k to play with to invest. ( this will be outside of being able to own our own home out right, we’ll sort of. Wife will be borrowing from our own trust.) PPOR is going to be in wife’s name who is stay at home mum.

This leaves me with my income of about $85k gross to be able to go guarantee on loans as plan to…[Read more]

D.Stonefield started the topic BUYING FIRST INVESTMENT PROPERTY in the forum Help Needed! 8 years, 9 months ago

Ok first of heres my situation…..my wife and I are about to inherit a decent amount of money ( will be able to buy our own family home outright, as well as have some left over)

due to other complicated reasons the money will be set up in a trust with a shell company as the trustee.

I’m looking at setting up a secondary company/trust for my…[Read more]