Forum Replies Created
Hi Dsix,
I assume that, based on your thread title, you are after software that analyses the viability of development projects.
If so http://www.devfeas.com.au have a software package that is advertised as doing this. Please note I haven’t used this package so you will need to make up your own mind.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Yack,
Call it coincidence – or someone has too much time on their hands but………..this email (or similar arrived at my work desk yesterday)
In 1900 Melbourne won the premiership
In 2000 Melbourne lost the premiershipIn 1901 Essendon won the premiership
In 2001 Essendon lost the premiershipIn 1902 Collingwood won the premiership
In 2002 Collingwood lost the premiershipIn 1903 Collingwood won the premiership
In 2003 Collingwood lost the preiershipIn 1904 Fitzroy won the premiership
In 2004 ???? lost the premiership.Could it happen again?
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Sonja,
No CGT is only calculated when the asset is sold – and as you still own it there is nothing to worry about from a CGT perspective other than retaining all paperwork related to the proeprty for at least five years after it is disposed of.
And we have already talked about the need for separate accounts for taxation purposes when investment and personal expenditure is involved. [exhappy]
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi PK,
While ABS is the best we have unfortunately by the time the data is ‘crunched’ it is out of date.
For example I have just been notified of a change in our schools funding levels for 2005 based on information from the last census – which if my memory serves me correct is three years ago.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Originally posted by mgr:Once signed up the arrangement is openended and if you find and purchase a property from another source your obligated to pay them the $5000 still up until you have purchased 5 properties.
Hi Mgr,
Irrespective of how good an investment this Redcliffe property is – this clause/requirement by itself is enough reason to cease immediate contact with them.
After all we do live in a free world and if you find a good property you should be able to go out and buy it without paying a third party $5K when they have done nothing.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Mgr,
Remember return is but one aspect of property investment – and while the return may be ‘terrible’ the other side of the equation is that you are 250 m from the bay and as such over the long term capital growth is likely to be very good.
Whether this is ‘affordable’ and suits your goals only you are in a position to know that.
I would also be interested in knowing whether or not you are ‘obligated’ to purchase five properties through ‘them’ – your opening comments discussed a $25K joining fee and 5 X $5K – I assume this was an example only.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
HI Mgr,
To me you really need to step back from what is being said and determine what you want to achieve from property. This will really help you to identify the property that is right for you.
I would be very interested in hearing ‘the return that justified the expenditure.’ You may also be interested to know that there are properties priced less than $150K, whether they are investments consistent with your goals and plans that is another matter.
Consider this – $50K would pay for 15% of the $325K property you were looking at. As such your hard earned would be more effectively directed towards purchasing a property – after all $50K is the same as the average annual wage in Australia at the moment.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Mgr,
$25K even if you buy nothing through them?
Geez – that is an incentive to buy their property if I have ever seen one.
All in all you gotta admit $50K would buy a lot of property – as it stands at the moment you are spending a non-deductible $50K on property to the value of ???????
In a word – expensive.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Curious,
Good name in light of the question[biggrin]
*Bump* indicates that there was nothing to say but rather an entry was made which brought the thread to the top again.
In this case Sunstone bumped the thread back to the top and added a reminder that the meeting is one week away from the date of the ‘bump’
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Bonnie,
In reality the number of properties is going to be determined by a range of factors including, primarily your capacity to borrow funds and ultimately by your ‘income needs’.
If, for example, you want an annual (pre-tax) income of $100K then you will need sufficient property to generate that level of income after making some allowance for differences between P & I or I/O loan repayments when calculating your profit.
As for issues surrounding ‘having too many properties in one location’ – that will be determined by the size of the community you invest in. For example I wouldn’t have one property in a one horse town – but then I am very happy to have multiple properties in metropolitan areas. In some respects it also comes down to a ‘saturation issue’ – if vacancy rates are rising too fast then I suggest it is time to look elsewhere.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Tjal,
You haven’t indicated whether or not this property is for investment or living in purposes – this is a critical piece of information as the criteria to select suburbs and property are likely to be different.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Thorodin,
Investing as a tenants in common arrangement with wife and husband is usually done so that the ratios can be adjusted from the standard 50/50 arrangement which occurs with joint ownership. This way you have facility to maximise tax deductions – for example it is generally best to put the largest share of ownership in the name of the higher income earner.
Whether the property is strata title or green titles makes no difference to tenants in common arrangements.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Yorker,
I for one would advise not – leaves the forum too open to ramping. Enough of that around as it is.
Suggest instead that when a location comes up in general discussion that you add your two cents worth then.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Mad-cat,
Trusts do have some tax advantages but often overlooked is the potential for asset protection.
As TD said recommend you buy Trust Magic (~$99) at http://www.gatherumgoss.com
If you would like a copy of the index to see what the book covers email me and I’ll send via return email.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Paul,
Not a problem – some ads do stretch the truth a little.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Originally posted by pgrim:“Take advantage of the Multi-Million dollar Northbridge Renewal Project with this value-plus, top floor apartment in the award-winning St James Estate. Plus, with stamp duty about to plummet this is your chance to get into one of Perth#8217;s fastest growing areas”
Hi Paul,
Hmmmmmmmm – Northbridge renewal project and Medina Apartments are on opposite sides of the city centre and as for stamp duty rates ‘plummeting’ – I shave more off my stubble each morning than was taken off stamp duty rates.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Pgrim,
Without knowing what the REA ad said it is difficult to comment but I am assuming the commentary was about the changes to stamp duty legislations & levies that into place on July 1 of this year.
For a definitive answer – check out
http://www.dtf.wa.gov.au/cms/osr_content.asp?ID=178for some official information.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Mad-Cat,
I come from the perspective that changing the mindset type messages are very important to the overall success of your investment plans.
Sure ‘how and what to do’ resources are important but until you get the ‘I can do it’ message then all the knowledge in the world is going to be of limited value.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Originally posted by DD:Waysolid I have posts deleted all the time, one example is the “what to do with $15k” string. Because I gave an actual example of property available now that is neutrally priced if not positive, my post got deleted by a moderator in here who does what I dop and sources property for people. Seems that personal motivation is getting in the way of things for some at least…..
Hi DD,
I assume the above reference is directed in my direction.
If so I make no apologies for deleting offending posts that cross the line of advertising – which they have done.
If you believe that personal motivation is the reason for the deletions then you are sadly mistaken for I have deleted (and edited) posts made by others on this forum that cross the line of forum ettiquette and the principles which guide this forum.
At least one other moderator has explained that you are welcome to highlight the service you offer – as others (and I) do – in the signature line. But to blatantly advertise properties in the body of the text and in some cases with a minimal relationship to the corresponding thread is something that is not permitted.
I would encourage you to go back and read the 1000+ posts on this forum and a similar number (if not more) on another forum I frequent and you will not find a comment about what I do in any of them unless it is related to the thread being discussed.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
Originally posted by emcdonald:HOW DO YOU DECIDE WHO TO MARRY?
In all seriousness – I distinctly remember as a kid (of around 6) thinking that I could only marry someone who had the same surname as me – which is OK with my surname but imagine being weighed down with some less common names.
Derek
derekjones1@bigpond.comProperty Investment Support Available. Ongoing and never stopping. PM welcome.
