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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    January 3, 2018 - 5:47 pm

    We spend plenty of time in Rote. Run a social enterprise project up there..
    Steve actually provides some support to us coincidentally enough but I have never touted this on his own site. I see it as cheating. :) We are ever grateful for this support and teaching wisdom he provides.
    Over dinner up in Utopia a couple of friends overheard a Singaporean investment broker has Rote marked as his greatest percentage of return out of the entire Asian portfolio.
    Rote is of course Indonesia, the closest island to Australia.

    You can lease land in lots of 20, 25 and 30 years legally with add on options taking it up to 100 years. That’s a decent amount of time to be rewarded with the 25% annual capital growth the area is currently basking in.
    The West Coast of Rote Island

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    November 2, 2014 - 11:56 pm

    Well James, there definitely is a dollar to be made investing in holiday havens such as Bali. Very big outlay for that good return though, can’t exactly borrow from the banks to lessen the cash down. I have seen friends and others pull in huge rents all the while enjoying life in the tropics.

    So, being a bit of a speculator myself I have gone further afield and sunken some funds into the next Bali. The good thing is that the rental per night is at todays prices. The investment is at Bali’s prices in 1990 or thereabouts.

    Eastern Indonesia is opening up big time.The property prices are quite low although there is some catch up happening as I type. The block I leased one years ago is now valued at 30% more than I paid. I did Hak Pakai for 20yrs with option for another 20. Fortune favours the brave hey.

    Figures? $40k down, $80 p/night return (only a one bedroom)
    returning only $7k p/a but that’s at 50% occ for half the year. Roughly 18% ROI.
    Can I claim flights to get there & inspect etc? That would certainly help the cause.

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    October 15, 2013 - 11:01 pm

    After 2 years of setting up organisational structures, dealing with various lawyers both in Australia and Indonesia, I am pleased to say our capacity building project in remote Indonesia is taking shape.

    Our vision toward the finished result sees a boutique retreat that provides simple but elegant off the grid escapes for families and small groups.

    Land has been sought on a spectacular strip of beach, contracts are ready to go and building permits are being drawn up.

    In a nutshell our Incorporated Association is taking on a project in Indonesia where we are funding the construction of a boutique retreat. In this retreat we will endeavor to train local youth in various facets of the tourism industry. As tourism is quickly growing in East Indonesia our goal is to help preserve the local community while training to operate tourism business in a sustainable and viable manner, unlike what has happened in Bali.

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    February 21, 2012 - 11:35 am

    Thanks terry,

    So the SMSF could lease the land and have nothing to do with the buildings?
    Want to get this sorted before I use my own money on the land.

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    February 13, 2012 - 11:13 am

    I was going to invest in Bali around 18 years ago. A half acre at the top of a hill down on the Bukit peninsular for approx $5,000 Australian dollars. I didn`t but quite a number of Westerners did.

    These days they are sub-letting the land for around $13,000 per 10mX10m square: called an ARE.

    So, how many 10X10m squares can you fit in half an acre? The half acre I passed up is valued at $286K which isn`t too bad considering property doubles every 7-10yrs!

    So if you are risk averse, bounty to be made.

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    September 26, 2010 - 12:40 pm

    I would be more than likely using Venture Capital to fund the start-up. The momentum generated already among my network may find that there`s room only for companies to invest using this as a philanthropic investment as it`s also building up the local community. The humanitarian dollar if you like.  Hopefully!!

    Any thoughts on off the plan SMSF input with this type of O/S project? ie; Draft up the site and then approach would be investors.

    Thanks for the reply

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    September 19, 2010 - 11:00 am

    I couldn`t find a thread to post my question so I`ll do it here.
    To answer the initial one though, if you have a trustworthy Indonesain friend get the hak milik title in their name and see a notary to absolve them of any ownership in the contract.

    My question is,  I have land in Indo somewhere and am in the process of seeking some private investment via SMSF funding in order to build a resort on.  To do this I am seeking to have a PT Company (Indo Co.) as a 100% subsidiary of an Australian owned Management Co. The thing is, can I create a unit trust or property trust of which SMSF holders can invest into that has ownership of the Management Co. which in turn Manages the PT Company (resort business) in Indo.

    Is this possible for SMSF monies to hold investment in unit trust which has ownership over Aus Management Co which owns PT Indo Co (ie resort) or is there a better way?

    Thanks

    Profile photo of glaucusglaucus
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    @glaucus
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    April 6, 2010 - 12:08 pm

    Hi there Jason,

    this reminds me of my only fateful attempt at the Detroit property market.

    Our venture ended up with this pair http://au.todaytonight.yahoo.com/article/5537392/general/hung-dry eventually taking us for a ride to the tune of $50K. I wonder if you have ever come across them with you involvement in Detroit Jason.
    Maybe a co. by the name of Voxxy Pty Ltd or Silver Beach enterprises, if so be aware. Unlike the bugs and weeds on your FAQ page you`re dealing with leeches here.

    With 3 properties – all in wayne County, I put down deposits of US$9,000 give or take a few k, on each property. At the time in 2005 this was apparently 10% of the value.
    The deal was always one step away, with each and every step involving several thousand outlay in order to progress.
    Admittedly we got bank acc`s, EIN #`s on the way but in the end the request to fork out the equivalent of another deposit just to obtain a B/C via a US national was our alert to vacate.
    https://secure.waynecounty.com/w3_net/mygovt/treasurer/dp_tlinquiry.aspx/Default.asp

    Through the web site above I discovered that the properties have never changed hands from prior to making our deposit up to this day.
    In essence, we were sold 3 pieces of paper worth zilch. To chase the money with the aid of a solicitor, well, you all know who won there thousands of dollars later.

    Anyhow, probably a good idea to view the property as many there are boarded up &/or have a tax lien over them.
    In hindsight, I should have waited until today and paid for similar places outright for what a 10% dep was 5 yrs ago.

    If any future detroit buyers need info I have a plethora of facts and figures, web links etc..

    Good luck

    Profile photo of glaucusglaucus
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    @glaucus
    Join Date: 2008
    Post Count: 14
    October 27, 2009 - 3:34 am

    The answer is no.
    Had dealings with PT?
    Check your contracts, is there any signatures from the actual people you dealt with?
    The licensee is a phantom.

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