Total Members: 159,254

Derek

  • Derek replied to the topic Pets in rental properties in the forum General Property 12 years, 11 months ago

    Put a clause in your lease agreement 'Pets only approved with prior approval of owner" You can vet the type of pet permitted.

  • Derek replied to the topic buying a vacant lot in the forum Help Needed! 12 years, 11 months ago

    Hi Wade,The issue fo rme is getting finance to do  the construction when you are ready and meeting development costs in the meantime.Getting finance for developments is not a piece of cake at the moment. banks often like to see a lot of pre-sales and the ability to get these pre-sales can prove a challenge. Make sure you have a good broker who is…[Read more]

  • Derek replied to the topic Newby needing advice in the forum Help Needed! 12 years, 11 months ago

    Hi Wakebrown,On a similar, but slightly different, note I wonder about the wisdom of having your portfolio so heavily Emerald focussed.Puts all of your eggs in one basket – not my cup of tea and just food for thought for you.

  • Derek replied to the topic Aussie Rob – Lifestyle trader in the forum Help Needed! 12 years, 11 months ago

    Hi Andrew,There are a group of 'educators' who regularly participate in wealth creation platform speaking events. The wealth avenues include everything from shares, property, internet marketing, e-bay marketing, social media marketing and so on. The list is almost endless. Aussie Rob does participate in these events along with the likes of Rick…[Read more]

  • Derek replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 12 years, 11 months ago

    Hi VK,Cannot agree with that statement at all,As a property investor looking to build a portfolio you need equity and cashflow. Some would argue you can use the surplus cashflow to pay off your loans but to do this in a reasonable time frame your cashflow needs to be extremely high (relative to property price). In reality for most people they need…[Read more]

  • Derek replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 12 years, 11 months ago

    Von Krumm wrote:
    Want to know where CF+ properties exist?I have been doing some research and cairns has properties (1-2 bedroom units) that are CF+ straight out the blocks.But there are many properties on the market, often cheaper than 2+ years ago and what's not to keep them from falling further…I am lucky enough to have APM data nation wide…[Read more]

  • Derek replied to the topic Interesting link about markets and finding Jobs in the forum Overseas Deals 12 years, 11 months ago

    Hi David,Tough decisions indeed are required – much like the tough decisions some European Governments are required to make at the moment. Can they do it? Only time will tell.Watched an interesting documentary the other week which pulled apart the behind the scenes details about the factors leading up to the GFC. Now we all know about the…[Read more]

  • Derek replied to the topic Interesting link about markets and finding Jobs in the forum Overseas Deals 12 years, 11 months ago

    Another link on some apparent anomalies in US economy. http://www.businessinsider.com/economic-numbers-important-2011-2011-12

  • Derek replied to the topic CGT in the forum Help Needed! 12 years, 11 months ago

    Terryw wrote:
    After 6 months one will have CGT applied to it. From memory it is s118-140 ITAA 1997.

    You are one sick puppy Terry – who else knows sections of  the tax act?

  • Derek replied to the topic Selling investment property, not sure about CGT in the forum Help Needed! 12 years, 11 months ago

    Wow – that is not a good reflection on the accountants you have spoken to. CGT should be bread and butter to them.The ATO produce a booklet for Landlords http://www.ato.gov.au/content/00270214.htm They also have a CGT section available here http://www.ato.gov.au/corporate/pathway.aspx?sid=42&pc=001/001/038I can also recommend a Perth accountant…[Read more]

  • Derek replied to the topic Selling investment property, not sure about CGT in the forum Help Needed! 12 years, 11 months ago

    With all due respect to Catalyst and Crj as they have taken the time to answer your query and provided a detailed response but have you asked your accoutant these questions? Tax matters should be run past your accountant for confirmation.

  • Derek replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! 12 years, 11 months ago

    Do you intend living in your current home forever?If you don't then you may be backing yourself into a corner with limited options.For example if you choose to move out of this place and buy another home and rent out your existing property you'll create a situation where most of your debt is non-deductible. An offset account may be a better option…[Read more]

  • Derek replied to the topic Building a Team in Perth in the forum Help Needed! 12 years, 11 months ago

    You north or south of the river – does it make a difference to you?

  • Derek replied to the topic How Would you Fund and setup the Below Investments!!! in the forum Help Needed! 12 years, 11 months ago

    Terryw wrote:
    And then these friends will also talk about you behind your back saying how 'lucky' you were because you invested in xxx

    As Terry says often there is very little luck involved – it is all about education, planning, commitment and having the courage to make a decision.So many times I hear you were lucky because you bought at the…[Read more]

  • Derek replied to the topic Tenants in Common in the forum Legal & Accounting 12 years, 11 months ago

    If property is in WA the ownership ratio will need to be included on the contract offer and acceptance.

  • Derek replied to the topic Equity question – sorry for sounding dumb! in the forum Hi Booge,
    Being rural – it
    12 years, 11 months ago

    Hi Booge,Being rural – it is possible the banks may only lend to a maximum of 80% of the new purchase. Some postcodes and zonings are considered a greater lending risk and therefore banks will cap their exposure to any one property.The location of your existign property will also impact on your capacity to leverage beyond 80%.

  • Derek replied to the topic Equity question – sorry for sounding dumb! in the forum Hi Booge,
    Not a broker so
    12 years, 11 months ago

    Hi Booge,Not a broker so information only. Based on numbers provided your equity is $150,000 – but not all of this is available from a lending perspective.Available equity is a different kettle of fish entirely and the formula to calculate what is available to you is Value of property X lending ratio – existing debt = available equity for further…[Read more]

  • Derek replied to the topic Building a Team in Perth in the forum Help Needed! 12 years, 11 months ago

    Hi MM,Mentor – I'll leave this blank at the risk of being accusind of spamAccoutants/CPA – Shreeve and Carslake in Herdsman Business ParkLawyers/Legal Counsel – Give me a couple of days and I can give you some names. Home Inspector – Real Estate Agent/Broker – I'll leave this blank at the risk of being accused of spamMortgage Broker/Company/Lender…[Read more]

  • Derek replied to the topic Safe investment in Canberra OR Go for capital gains in SE QLD? in the forum Help Needed! 12 years, 11 months ago

    Qlds007 wrote:
    Heh DerekBrisbane is also SE Qld and we certainly are not in the doldrums.Brissie and the GC are 2 different markets at the moment.

    Not wrong about the two cities being different markets. Keep forgetting you guys have just about merged into one big city. Good to hear about the Brissy market going OK. Gold Coast has taken a big…[Read more]

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Derek

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