JoeyJ wrote:
Freckle,
Despite the fact you didn't actually answer any of my questions, I appreciate the response nonetheless, even if it was a bit "ranty".

Didn't you say, "I am excited, but am starting to second guess myself in terms of getting my situation right from the outset and also wondering if i know enough. A bad case of Analysis…[Read more]

What a lot of you new investors are struggling with is understanding that you're no longer investing in growth times like the 00's but are operating in markets that for the most part are tracking sideways to down. Those few markets where growth still exists on average are precarious at best as conditions tighten.

Unless you have lots of wiggle…[Read more]

Sold an aircraft engine to a guy over that way who builds horse stables. 2 years work ahead of him. Go figure.

Qlds007 wrote:
Tell me where you can invest and pay a lesser rate than inside a SMSF and i will stop my contributions tomorrow.

For me it's the opportunity cost. When I can literally get returns in the 300%+ on capital invested and pay bugger all tax the opportunity cost far outweighs the few tax dollars saved. I have a natural antipathy…[Read more]

haven you read this thread?

https://www.propertyinvesting.com/forums/property-investing/commercial-property/4328825

thecrest is the resident expert in this field.

Be careful what you wish for. The Libs will do you no favors. In fact you may well be worse off if they go with their proposed austerity measures to pull the the budget deficits back into surplus at virtually any cost.

The moves on super are attempts at accessing sources of income the govt currently relinquishes in the form of tax breaks. They're…[Read more]

Builders don't do it in general and there's no licensing requirement other than electrical safety  prior to installation that I'm aware of.

You' re better to use experienced insulation companies. They are familiar with the safety issues to staff and hazards of material located around down lights, electrical fittings and flues.

Ask to see a copy…[Read more]

I think Darryl (RPI) has the goods on duel occupancy issues as they pertain to Qld as well. Not my area of expertise at all but I think DO's are a no go in good old Qld of late. Darryl might be able to overcome that if at all possible.

SebastianJefferyJones wrote:

I hadn't thought of attending inspections, good thinking! Cheers, mate.
Seb.

And auctions. Watch people. Follow the body language. Look for patterns in behavior especially from RE agents and spruikers. Learn selling techniques so that you know when and how they're trying to manipulate you.

The house has options the units virtually none at all. You need to talk to the money guys here about how you might finance development down the track. Also the planning guys. It's not my field of expertise but this type of property is what many investors kill for. 

Lets say for example you did a development that cost say $200k. You would probably…[Read more]

See this thread

https://www.propertyinvesting.com/forums/adding/4347620

It's not unusual to see quite large spreads when there's a lack of quality data. You might look at getting a few RE firms to give you a workup on this property and take an average to see where you sit. They should be able to help you narrow the market price down to something a little more accurate than a $100k spread anyway. If they can get to…[Read more]

House looks interesting. 40 steps down could mean (subject to height restrictions) could you build another level on top?  Trees??? Just get an arborist in to prune the living daylights out of them.

Wouldn't touch anything that subsides or is subsiding and it's even less attractive because theres a unit on top to consider. 

streamlineinvesting wrote:
Toowoomba would also provide a lot of the maintenance resources required for the mining sites, as you can imagine the maintenance of the mines is going to last a lot longer than the actual construction. This is in regards to coal seam gas anyway.

This is an important distinction when looking at regional economies…[Read more]

You are already showing some of the traits required to achieve success. Goal seeking requires a certain amount of extrovertedness, aggression in pursuing objectives and resilience to failures. Life rarely progresses in a straight line. Others here won't drag you along. You have to push yourself along to get to where you want to go. There are many…[Read more]

Individual mentorship is a high risk proposition in this game. I have a landlady whose journey into PI via an experienced friend has been nothing short of a disaster. Less than 1% of 1% of investors have a clue about property. I know several people who own in excess of $5mil in property but have got there through good luck not good management.…[Read more]

E Wolfe wrote:

 to me it seemed quite amazing for the price bracket – outside not much, but inside is gorgeous

It's your run of the mill portable. Nothing special. By the time you've seen a 100 or so the wow factor disappears and the practical side of your assessments will have kicked in.

Quote:
we have road construction for at least the…[Read more]

What type of business do you prefer? Retail, services, manufacturing, technology etc. Do you have a location in mind? Are you limited to Melbourne? Do you have a price range? What skill or experience do you have? Do you intend to reside here or will you be an absentee owner? 

These are one of those things that can turn into a nightmare. Too many things out of your control. 

There's no CG in these things because you don't own the land. Buildings depreciate land appreciates. So you have a depreciating liability with questionable tenure over the site, a rising interest rate out look, no CG opportunity and in all…[Read more]

Very very good mate. Enjoyed it. The kid has talent. I see Australia's Got Talent or The X Factor in her future.