Forum Replies Created
I have a mate just moved over there to run an office selling in Pattaya and Phuket. The returns are guaranteed. The investment is from $70,000AUD and the returns are from 6% nett. If you buy in the letting pool you can get your returns we11 over 11%
RegardsProperty Acquisitions for developers and investor from; Kevin
Get the washer fixed by the handyman or the plumber and start saving water, the expense to you is tax deductable!
Property Acquisitions for developers and investor from; Kevin
What you are saying Rhys is correct, that is why you must write the words correctly and if using a lawyer he will most likely cross out the finance clause altogether so ‘Bills Finance’ cannot be used.
I speak only of what can be done in Queensland
KevinProperty Acquisitions for developers and investor from; Kevin
With the greatest of respect to whomever gave you investment advice in the first place, the concept of property investment is to get ahead using other peoples money.
My way of thinking is this. P&I on the PPOR only and IO on any IP. This worked in conjunction with a LOC will have you flying within a short space of time.Is all you salary and rents from your properties going into the LOC?
RegardsProperty Acquisitions for developers and investor from; Kevin
Usually the companies that ask for fee’s up front are not much good. You don’t give a carsalesman any money to find you a car do you?
Property Acquisitions for developers and investor from; Kevin
Also when you make the offer on the contract, make sure you write subject to finance and costs related to the purchase so you have a security blanket to get out if needs be. Also watch that some contracts have a finance clause where the vendor will find you finance, make sure you read the finance clause in the contract.
RegardsProperty Acquisitions for developers and investor from; Kevin
Be careful in Hervey Bay, the big boys have been there a while and the council is starting to talk about slowing down DA approval (not that they can go much slower).
Burrum has ot yet started to do much, so if I was going there I would sell off the plan.
RegardsProperty Acquisitions for developers and investor from; Kevin
Remember your will have a CG issue if you sell whilst still working, and if there is not the need to sell do not!
Property Acquisitions for developers and investor from; Kevin
Most places have some positive geared property as does most of the mining towns, but if this is you first investment, you need to look at your financal situation and decide whether your love paying tax.
Getting into the market is the secret and doing so in an area that is growing is important. The removal of the vendor tax may help NSW, but WA and Qld have the biggest population growths and that is where the price is still right.
Remember also that new is usally better than old for depreciation purposes.
RegardsProperty Acquisitions for developers and investor from; Kevin
If there is a good opportunity of capital gains (remembering that an investment property should be held for a minimum of 7 – 10 years) and the capital gains is well outweighing the interest payment, then i would suggest buy another. But that said I would buy a holiday letting unit in a great spot where your rental period is at least 80% of the year. This could also be an option for your Sydney unit.
Property Acquisitions for developers and investor from; Kevin
Another state is not a problem. Remember that your investment property is a brick money box, you do not want to love it you just want it to work. Remember when you are looking for a property try not to go past a couple of years old otherwise you can miss out on a lot of the tax benefits. Regards
Property Acquisitions for developers and investor from; Kevin
Being 1,2 or three bedrooms makes little difference if the product is in the right position, but you need to have the furniture package in it to maximise the rental return. Also as the unit is 3.5 years old the internal depreciation will be almost done, so the furniture package will help with the deprecitaion. Regards
Property Acquisitions for developers and investor from; Kevin
Whatever the situation with the first home grant, investing in an investment property in the right area will give you many opportunities
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