Hi Adam,

Someone I know has had some success advertsing in the relevant ‘to let/rent’ column in the weekend paper. He used to put a little ad in the classifieds.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Pstoe,

I’ll throw another course at you. It is similar to Peter Spann’s and costs considerably less.

Have a look at Steve Navra http://www.navra.com.au/ – which, in essence, is similar to Peter’s philosophy and that is buy quality property and use equity to leverage into shares (Steve does have a fund that operates very differently to many in…[Read more]

Originally posted by crashy:
legally you must at least be an electrical mechanic. bear in mind, if you do something wrong, and there is a fire or electric shock, you could face a prison term. this is serious stuff.

Now I am not sure of the legalities or cost associated with certification of electrical work…[Read more]

Hi Maddy

I have merged the two threads as they were on the same topic.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Wylie,

Yep 4 bed and 2 bath.

PS great result Dazzling.

For any other Perth investors out there you should be cranking your rents up. The market has moved in your favour. An recent article in The West said median rents had increased by 20%+ last year.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Paul,

You are right – you cannot attach documents to either PMs or emails through this site.

The best option is to either post your email in a PM or within the thread itself so that information can be exchanged via the backdoor. Obviously some people do not like posting email addresses on public forums so the PM may be the best…[Read more]

Hi Kkat,

Welcome to WA.

Try this link http://www.homesite.com.au/new-homes-and-land/new-homes/new-homes-wa

Bear in mind that while Perth may be smaller than some of the other cities and getting arounds is generally OK it can still take sometime to get from A to B if they are apart from one another. It is therefore important that your home be…[Read more]

Hi Neak,

Ditto Xena’s comment. Given the Centrelink campaign to ‘catch cheats’ it is best you do clarify these matters with people that are in the know.

You can also drop into http://www.centrelink.gov.au/internet/internet.nsf/payments/pay_iat.htm
and have a look around for yourself. Mind you my vague understanding is that you will no longer…[Read more]

Hi JG,

This topic comes up quite regularly as the ‘returns’ to appeal to the beginning investor. However there are some pitfalls finance being one of them. WHile these properties may appeal they do suck up more equity than they return and as such without careful consideration can hold your investment journey up.

I would also be wary of buying…[Read more]

Hi LG,

Congrats on the IP.

I use a simple excel spreadsheet that you are welcome to have. All you need do is send me an email with the subject property spreadsheet and I’ll return you a copy no strings attached.

I’ll be the first to admit it isn’t fancy – very cheap and it does the job.

As Amanda said you also need to consider the paper…[Read more]

Hi Lynette,

P and I or Interest Only Loan?
Depreciation report done?
Market rent or better being paid?
ITWV done?

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

I assume that this property is relatively new to your ‘stable’ and as such you haven’t completed a full year of rent. Each month is a slightly different length and such there are typically two months in the year when a tenant will make an extra fortnights payment.

Bear in mind there are not exactly 52 weeks in a year either so some leeway needs…[Read more]

Hi Chris,

This thread is currently panning out to be a ‘trawl for new clients’ rather than an attempt to genuinely network with like minded investors.

The forum does not take kindly to invitations to take conversations off the board but prefer they be by individuals themselves through PM or email.

The drift will have to be rectified otherwise I…[Read more]

Hi The Wild One,

Would continue to invest too.

While the events you have listed are potentially quite devastating they would compare on similar levels to some of the ‘major issues’ of the past. With good research and prudent decision making an individual can still progress their investments even in time of adversity.

I recommend a read of Fred…[Read more]

Originally posted by Terryw:
Derek

I think you are mixing up superannuation trusts and discretionary trusts. Discretionary trusts can purchase property held by a beneficiary. A few of my clients have actually sold their property to their trust.

Hi Terry,

Make that grain a bloody big…[Read more]

Not an accountant so take what I have to say with a grain of salt (or two)

As I understand it all transactions need to be at market or arms length to comply with the various sections of the tax act. If they are not then it is possible the ATO may consider the transaction a form of tax avoidance.

A trust is not permitted to purchase a property…[Read more]

Hi all,

This thread demonstrates quite clealry while generalised statements as per the thread title are somewhat misleading and/or inaccurate.

The property market is not a single entity and while some parts may have slowed or dropped there are others that are still powering along.

For example I was speaking to an agent who works in a coastal…[Read more]

I suggest that you do a search of the forum as this topic has come up before. The search facility is located under the forum button at the top left of the screen.

I have also moved this thread to teh heads up forum.

Trust you find the answers you are looking for.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Steve,

Stamp duty will be payable on any transference of title – however this may not be as terrible as it sounds.

I am not a developer so take what I say with a grain of salt and I defer to the experts in this area.

Get MIL to subdivide block and transfer/sell the bits to be developed at the rear to you and leave the bit she is living in in…[Read more]

Originally posted by samjames:
Hi
Am new to contributing to the forums as I have never really have any great input as yet and quite inexperienced in investing but your comments about inveting in a mining town caught my attention. I was considering seriously investing in a mining town that was showing good returns but saw on another forum that…[Read more]