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  • Profile photo of dino61dino61
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    @dino61
    Join Date: 2003
    Post Count: 8
    August 19, 2003 - 10:13 am

    now Im no expert but if I had enought money I would buy commercial property.There are a number of advantages for investors. Generally longer leases, CPI increases built into leases.If you can afford to purchase close to a CBD values will rise as rapidly as house prices if not more, as more and more commercial/industrial property gets rezoned for housing.Vacancies could be scary tho if the buildings use is in any way specialised…would pay to check the average vacancy rate in any area you may be interested in.
    Just my 2 cents worth, happy to be corrected![:)]

    Profile photo of dino61dino61
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    July 30, 2003 - 5:07 am

    Thanks for that, Ill keep it in mind,
    Cheers,Dean

    Profile photo of dino61dino61
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    @dino61
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    July 29, 2003 - 11:01 am

    Wasnt me,… dammit!

    Profile photo of dino61dino61
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    @dino61
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    July 29, 2003 - 10:58 am

    For rental properties a quick rough guide a mate whos pretty knowledgable uses, is the rent weekly needs to be twice the purchase price/1000. eg $40000 property renting for minimum $80/week is worth looking at…that sort of thing.Ive been looking for the same sort of thing, and they are getting few and far between in NSW, but central coastal Queensland has a few(pls dont buy em all b4 I get some money together!)[:)]If you go on realestate.com.au, they give cg’sfor last year or so, and it was in the aforeementioned area around 11%, but i wouldnt expect that to continue adinfinitum…
    Good luck, Dean

    Profile photo of dino61dino61
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    @dino61
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    July 29, 2003 - 12:01 am

    Thanks for the replies, that a big help, Ill check out the suggestions,
    Cheers,Dean[:)]

    Profile photo of dino61dino61
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    @dino61
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    July 28, 2003 - 9:42 am

    Hi, my real names Dean. Im 47, 3 kids, separated, living with g/f in Glenhaven Sydney. Been an electrical contractor in Sydney for 18 yrs. Found this site today, and its got a heap of info hasnt it! Worked in the renovation area of the electrical trade in Sydneys eastern suburbs and saw people make a lot of money on blocks of units over the years,but other than a small home unit bought and sold about 14 years ago not forayed into property investment before. Owned 2 houses but sold the last when I split with the ex 2 years ago. Still kicking myself, sold 5 bedroom, 2 story double garage full a/c etc in Castle hill for $392,000.00
    Due to a motorcyle accident 4 years ago Im about to finally get a cash settlement, which I intend to use to buy cheap country rental properties that will show a good return,to give me cash weekly, and in time a reasonable cg.
    Cheers,Dean

    Profile photo of dino61dino61
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    @dino61
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    July 28, 2003 - 6:38 am

    if Parramatta aint too far away try John Fowells and Co, excellent with tax minimisation…
    96871966. I used to pay 20k tax a year(elec.contractor) and accountants bill was 4-5k. Now pay 80%less tax and 25% the fees…
    Also some in house finance arrangements I think.
    (no affiliation, just happy customer…)
    Gd luck.

    Profile photo of dino61dino61
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    @dino61
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    July 28, 2003 - 5:55 am

    A mate of mine did the course a few years ago in Sydney when it was 4k odd for a 40hr in 3 days(I think) weekend course.They had a follow up seminar a few months later that he got free tickets for and dragged me along to.Man that guy (HK)gave me a headache in about 3 minutes , I couldnt have stood days of it…….From what I gathered from my mates course notes that I read, his premise for building wealth through property could be summarised in a few A4 pages.The info was correct, altho in some cases hard to put into practise..For instance he suggested in ONLY buying townhouses off the plan, using deposit bonds, etc etc, to accumulate properties at (almost) no cash input. Well we tried, but couldnt find 1 townhouse to buy off the plan at the time, and that involved a lot of trips to councils and their websites, scouring DA’s newspapers etc.I think his ideas about tarting up a property to aid its rentability were helpful I must admit.. Good luck to anyone who uses the info to good end tho.and now he charges 15K? Im in the wrong business!

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