Thanks Terry.

You just confirmed my thoughts on l/os. I am considering of only setting it up for 3 years.

Cheers

Marcelo

Hi Infinite

Check out Rick Otton’s site. He sells a calculator that I think does all that you need. It costs $105 inc GST.

Cheers

EnuffIsEnuff

Hi All

Just in case anyone is interested the NSW Public Trustee site is http://www.pt.nsw.gov.au/index.cfm.

Cheers

EnuffIsEnuff

Hi Insider

I agree with you 100%. My goal is to buy at least 25 properties in 1 year.

Mmmm, how is it that you have 100% of the pie???? This sounds very interesting and if you are willing to reveal your methods then I would like to hear more.

Cheers

EnuffIsEnuff

Hi Mika

I hear you about the 83K example and the pitfalls that may arise out of JV’ing with people that I do not know. The sort of deals that I want JV partners for are for example buying small blocks of units, (eg. 5 to 12 units). I can afford the 83K purchase and plan on doing this. Still, if I can afford 10% and a JV partner can afford 90% I…[Read more]

Hi Soleil

I agree with Mel that to formulate a tax effective strategy you should see an accountant. You mention that your partner was going to see a (financial) planner … don’t waste your time, (sorry if I offend any financial planners).

Financial planners primarily have one strategy and that is to sell you managed funds or schemes like tree…[Read more]

Hi Ripp

I am actually going to do this myself and I have been told that you can claim interest and other property related costs. This is becuase the property will be income generating.

The downside of this is that you will have to pay capital gains on the proportion of the property when it was being rented out. Also, if you rent it out for more…[Read more]

Hi Richmond

I have just bought a unit off the plan, finally managed to get back into the market after 3 years.

My reasoning for this is that I managed to get a 10% discount on the place as the builder needs his pre-sales.

Otherwise I am not so sure that I would get into the market right now. I was actually going to buy a block of four units but…[Read more]

Hi Freedom

You can go to http://homepriceguide.com.au to get a snapshot for prices, capital growth, demographics, recent auction results etc. There are some free details, enter the suburb and go to the bottom, but if you want a detailed street report you have to pay for it.

Hope this helps.

Cheers

EnuffIsEnuff

Hi Steve

Jan Somers and her husband sell a package called Property Investment Analysis, (see http://www.somersoft.com.au/). There are 3 version the Personal, Professional & Pocket. However, it says on the website that the Personal will no longer be supported.

The Professional package costs $495. I downloaded a demo and it does have everything…[Read more]

Hi Terryw

What city are you in? I am also interested in a +ve cashflow property and it appears that wraps/lease options seem like the way to go. Unless, of course, you buy in regional areas that have a lower capital gain.

Is it ok if I email you to get some details?

EnuffIsEnuff.

Hi

I actually disagree with you Cremin.

Rock, your friend sounds like a great mentor to have and to do business with. It sounds like your friend might already have the right procedure in place to make property work for him.

I don’t see the problem with buying a property together and both of you making some money. Just ensure that everything is…[Read more]

Thanks for the info Harold. My sister lives up there so I will get her to do some research for me.

Gotta get a property soon.

EnuffIsEnuff

Hi Harold

I’m still looking to buy my first IP and am looking at Cairns coz I want a positve cashflow property.

If you don’t mind answering a few questions … What area did you buy in? House/Unit/Villa? How much did you pay?

Thanks []

EnuffIsEnuff

Hi

I am also looking for +ve cashflow properties as my wife is not currently working.

I have been looking at Cairns for houses not units. Units in Cairns are going backwards as far as capital gains is concerned, I want to get something out of it when things are back to normal. As far as I can tell from reading posts in this forum and other…[Read more]

Hi All

I am only a ‘newbie’ but must say that it has become a bit of an addiction for me as well. I have checked the forum every day and it is the first thing I do when I get to work.

I don’t have any IPs yet as I am doing all the homework first. Reading books, websites and this forum … it’s gotta be the best property investment forum out…[Read more]

Terryw

Do you personally know any of HK’s people that lost their money and where was the development?

It’s pretty frightnening that HK pushes this as a good investment vehicle but this sort of thing can happen with no security.

EnuffIsEnuff

quote:
Fullout

Don’t do it. It is not worth the very high risk of losing all you money for a mere…

[Read more]