Tell me about it!!!

O’h and lifeX want to explain how you work your DD’s????

Rgds.
Lucifer_au

A QS is a Quantitative Surveyor.

Rgds.
Lucifer_au

Just a quick note, the problem with coins is that to make money you have to sell them, yes they might go up in value, but you have to sell them to realise this new value.

Also if you sell them, you lose an asset and the ability to get more money in the future, it’s tough ‘eh! I went through the same phase. Unless you start trading them… I don’t…[Read more]

1. Have a PLAN. If you can’t tell someone what your plan is (i.e. to retire by age of X, or to have this much equity by X), then get one!
It will keep you focused and on track.

2. You want to control everything and own nothing. Okay a kiyosakism here, but it’s true. Put your assets in the right structures. it always amazes me to see people give…[Read more]

We don’t have a Legal & Accounting forum for nothing!
http://propertyinvesting.com/forum/forum.asp?FORUM_ID=23

Most people use comapnies so they never have to go over the 30% tax rate on income (so they become an employee to their comany until they reach the 30% tax threshold), then they take the rest out as basically dividends. So that way they…[Read more]

True Aceyducey!

Go and see an accountnat/lawyer!!! I’ve thrown up the sort of structure so that you can see what sort of direction you might want to aim for. Of course a accountant/lawyer may advise another structure. Thats fine. The important question is ‘why?’ If you get an answer like “because it is easy” I think I’m fairly right in saying…[Read more]

From memory deprication on NZ property is 5%. But check this with your accountant – do NOT take my word for it (as it’s from memory and I don’t invest in NZ).

Rgds.
Lucifer_au

For TerryW:

Well you could use a trust, but a company to me seems simpler, rather than trying to find people with low inome to be your beneficaries (although it’s done on paper, you still have to find out how much they pay in tax, etc), more an ease of use issue. But either one is fine.

Also you can invest in your own wrapping business with a…[Read more]

Fantastic post Dram!

Rgds.
Lucifer_au

Goldie perhaps it all depends on your deposit. It will have to be over 20% at least (so around 25%). A mortgage broker will tell you.

tycoon, I hope you ment $40K equity, otherwse forget it without a source of income. It is so much easier ith the banks if you have a job.

“they are normally available to investors who have a long term history of…[Read more]

It’s hard to say… I would jump the price to $2900 and if they bid further (say where onto $100 bids) $3,500, but I’m not going to seriously change my game plan because there is another bidder and the vendors want the best price (say they are a struggling couple?).

In the end though, it’s not up to me to make housing affordable for people to…[Read more]

Go to the ‘Getting Creative’ section of the site and post there.

Rgds.
Lucifer_au

You can get public liability insurance to cover personal injury lawsuits. It usually comes under Landlord insurance. Rentcover is a good insurance company to work with.

In terms of companies. A LLC is a limited liability corporation, it used in the US, in Australia, we have companies though, which are basically a similar idea/concept.

We tend to…[Read more]

You need to get a plan. This is vital. Without a plan you are going into investing blind. Right now you are focusing on investment vehicles (property vs. shares, units vs. houses), but they don’t matter that much. It’s your plan that matters, because it will determine what vehicle you take.

Those units are all negativly geared, and my guess is…[Read more]

I was listening to a tpe set, where a owner agreed to allow a tenant to paint the house for a discount on the rent. Unfortantly she was really short and only painted up to 5 and 1/2 foot. The walls were something like 8 foot….

Can anyone say new paint job????

Wonder about public liabilty issues here…. Any thoughts???

Rgds.
Lucifer_au

You could do a wrap, but you have to be very careful. Theres a saying that family and business do not mix… And theres a possibility it could happen in this case.

The question is – if they stop paying are you prepared to kick them out? If the answer is no, then don’t do it.
This business does involve take backs, but if you can’t take back an…[Read more]

Time takes its toll on value of HECS discount

By Ross Gittins
March 13, 2004

This is the time of year when a lot of uni students and their parents demonstrate their ignorance of a key concept in economics and business – the “time value of money”.

Actually, when it’s used in business and finance to evaluate investment proposals – as it is every…[Read more]

Heres an interesting article from Ross Gittens about trying to pay your HECS off. Now I’m not suggesting you do or you don’t pay of HECS, but it could be better to use the money on more productive assets (such as CF+ IPs).

There are also other ways (loans/credit) but here you are walking a very fine line and if you default you cannot borrow for 7…[Read more]

Well theres alot of things you could do…
~Vending Machines
~Web/Internet (ebay or proudct/service) business
~Network marketing/franchise (where you put time in, rather than puting a lot of $$$ in, but you might have to deal with smaller companies)
~reseller of property (for example find CF+ deals, get a buyers database and assign your option on…[Read more]

Yes it is illegal (well the government is allowed to do it, but everyone else – nada).

To circumvent this SA investors use LO. Or do wraps in other states, the only other state like SA (in terms of not making it easy) is WA, but there all you have to get is a credit license (and pay a small fee).

Rgds.
Lucifer_au