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Thanks in advance Mike!
No one else with any ideas?
Terryw wrote:pay off all non-deductible debt first – or at least as much as you can – and then reborrow the money to invest.hm yep, that’s right. But assumign there’s no non-deductible debt and the money is just purely for investment, what would do you with (1), (2) and (3)?
My inclination is to time my entry into the share market, give it a good mixture between blue chip, liquid, dividend yield stocks (like TLS, WES) and growth stocks (CSL). Of the total cash available, probably 80% will be put to equities, another 20% in term deposits.
Whilst being vested in these stocks, keep an eye out in the property market for cashflow positive properties. If only 100k to invest, to invest all of that within the next 1 year. If 200k to invest, break that up into 2 portions and invest that over the next 2 years. If 500k to invest, break it up into 5 chunks and invest that over 5 years.
wow, so many views and no comments yet.
Ok how if we change it slightly, i.e.
1) 100k to invest
2) 200k to invest
3) 500k to investWould be interesting to see if the answer changes significantly between 1 – 3.
walk away, even you yourself mentioned it is your first inspection. In this current market, you should not be paying market rate.
recently popped into Gatherum Goss to have a chat with them. Of the few firms i went to have a chat with, Gatherum Goss was the one of the less impressive ones. Maybe its due to the founders no longer owning the firm or maybe the chemistry between myself n the person i spoke to isn’t that great, i basically walked away not wanting to give them my business. Their ‘new’ office after the mgt change is in Blackburn, the old office being in Kilsyth.
levi5, like yourself, i stay in South Yarra. I think the criteria for selecting the accountant should be their capabilities, rather than location. Having said that, i had a chat with a number of firms based on referrals who were recommended by our friends and colleagues. The closest one i spoke to had an office on St Kilda Rd somewhere. This firm very nearly took the prize of being the _least_ impressive and the most expensive. Not knowledge-able at all.
The least impressive firm was one of the Big 4s. Waste of time and money.
Thanks for the tip Miike.. looks like tools like this will give companies like REA a good run for their money
Thanks Daniel + Propertunity for your replies. This is very much clearer now.
Propertunity, the Council will divulge such information readily? I would've imagined them to ask a bit more questions on why i would want it etc. etc..
propertunity wrote:ericyan wrote:daniellee wrote:With that said, it is always possible to find bargains relative to any market. My wife and I recently purchased an IP at council valuation in early May 09 after 7 mths of searchingwhat is meant by council valuation?
A council land valuation (or Valuer General's) is in no way shape or form an indication of likely sale price. It is calculated very conservatively, only refers to the land component and is very often out of date by some years. D did very well to buy at that price.
thanks for the response. the next question is, how do we find out what is the council valuation for any given property?
daniellee wrote:With that said, it is always possible to find bargains relative to any market. My wife and I recently purchased an IP at council valuation in early May 09 after 7 mths of searchingguys, excuse my newbie comments, what is meant by council valuation?
thanks in advanceDupont Corian is a brand of benchtop commonly referred to as “solid tops”. Where i was from (Singapore), there are 2 major players in this, LG Hi-Macs and Dupont. Pricing wise, it is not significantly cheaper than granite although you can get some China made (junk) installed for significantly cheaper. Done correctly, it should not crack as the material is quite heat resistant, or so i was told. One of the pros of using a solid top is that it can be cut to specifications and this results in less or no joint lines.
Anyway, after evaluating all the options, i went for granite and a stainless steel splashback. Just love the colour contrast and the effect downlights have on the splashback.
Hi there David, i’m also sorta considering doing the same as you, only less ambitious. Only going with a max of 4units. Will be doing more research in this matter in the coming months. Please feel free to update any info you have on this and i will also do likewise. Cheers and good luck!
great discussion guys, keep it up. hope to learn from everyone here.
emptyvessel wrote:We are now looking closer at new house and land packages as an option. I guess it isn't often that the government throws up another 7k to entice. I pay enough bloody tax so I should at least seriously consider it. Now I get into the complexities of fixtures, fittings and the time taken to complete the program of works…….
Chapter 2 I will save for a new thread.
Thanks folks.Tell us how things go, i'm curious to know how this plays out and if it doesn't, i'm also curious about the house and land packages you might be looking at. In the mean time, doing as much research on this as i possibly can as i've heard a lot of tradie horror stories.
Hi all, keen to know as well. Any pointers would be great.
lol, not sure if anyone has actually answered the question. like twas, i’m also exploring between both but looking at the response, i doubt if i would get an answer here.
agreed, keep it sweet and simple. Too complex a system and you might need some detailed succession planning later on :p
