goosehead replied to the topic Renovation Stratergy in the forum Value Adding 9 years ago
Anyone?
goosehead replied to the topic Renovation Advice Companies in the forum Value Adding 9 years ago
That is interesting. Does anyone want to expand on why they have given the thumbs down?
goosehead started the topic Renovation Strategy in the forum Value Adding 9 years ago
Hey Guys,
In line with my request for renovation companies, I was considering different ways to fund the renovations. I have recently been paid a bonus, which contained a substantial amount of tax. After having been given advice from my accountant, I should be able to repair the roof as it is asbestos. This right off will help recover some of the…[Read more]
goosehead started the topic Renovation Stratergy in the forum Value Adding 9 years ago
Hey Guys,
In line with my request for renovation companies, I was considering different ways to fund the renovations. I have recently been paid a bonus, which contained a substantial amount of tax. After having been given advice from my accountant, I should be able to repair the roof as it is asbestos. This right off will help recover some of the…[Read more]
goosehead replied to the topic Renovation Advice Companies in the forum Value Adding 9 years ago
Thanks guys, that is the type of company I am after. Are there any more companies around or is it a limited field?
goosehead started the topic Renovation Advice Companies in the forum Value Adding 9 years ago
Hey Guys, I am looking to value add, and to a degree renovate, a property I have in Brisbane. As I am not living close by, I am considering using one the Renovation Advice companies to fine tune what I renovate. For 2 reasons, I am not particularly astute with design. Secondly the property was our PPOR, and will likely be again if we get posted…[Read more]
goosehead replied to the topic When it doesn't work? in the forum Help Needed! 10 years ago
Hi Richard,
What time frame are you looking at with the reference?Jas
goosehead replied to the topic When it doesn't work? in the forum Help Needed! 10 years ago
There has been some growth recently, not that it is anything to jump about. Some of the spending has been done, or has been sideline for the short term.
Hey Richard, that advice would have been good in 2007 lol. What can you do but learn.
goosehead replied to the topic When it doesn't work? in the forum Help Needed! 10 years ago
The property was purchased in 2007 in Morayfield, just north of Brisbane. It may be due for an increase, just waiting to see if the supply and new houses dry up. Until then I don’t think it will move.
Benny, what I mean is the advantage of a rental schedule is reducing as I used the diminishing value method. I was planning on capital growth and…[Read more]
goosehead started the topic When it doesn't work? in the forum Help Needed! 10 years ago
So when do you say enough is enough? The property reached its peak when it was acquired. It has moved up since then but has settled back down to the original purchase cost. The rent is paying for the property, so costs are minimal, but are stagnant as well and not increasing. The property schedule is slowly shrinking, but maintenance costs are…[Read more]
goosehead replied to the topic Property Legal and Accounting in Perth in the forum Legal & Accounting 11 years ago
I am interested to. I have seen the thread recommending Beaumaris Business Solutions in other threads. Are they still competitive in this field?
goosehead replied to the topic Renovation Purpose Test in the forum Value Adding 13 years ago
that makes it clearer, thanks for that.
goosehead replied to the topic Renovation Purpose Test in the forum Value Adding 13 years ago
Hey Catalyst my partner has organised quotes etc to get the work completed and we planned to do it before it was tennanted or work with the tennants to arrange a time and reduced rent if it inconveniences them. I have been away for most of this year and have a short time frame to move due to my work comitments that is why we hadn't planned on…[Read more]
goosehead replied to the topic Debt reduction v Deposit saving. in the forum Help Needed! 15 years ago
Hey Todd and DrewI have been in the Army for close to 14 years now and am well on my way with property investing. I purchased my first property when I was 22 back in 2000 and it went really well for me and I just want to do more.With respect to your debts Todd like everyone else has mentioned if you can get on top of them ASAP and consolidate…[Read more]
goosehead replied to the topic Seven Percent and over in the forum Creative Investing 15 years ago
6 properties in 2 years that is very aggresive. How do you plan to raise the equity for the deposit on them all? Sounds like a challenging goal though and I wish you all the best with that.
goosehead replied to the topic NRAS Investments in the forum General Property 15 years ago
I have been considering the NRAS schemefor some time now due to the properties being positve geared but I am worried about the following interpretive decision. Has any one factored this into there calculations? If mine are correct it takes away a lot of the advantage and the properties will end up negative geared.ATO interperative decision ATO I…[Read more]
goosehead replied to the topic Seven Percent and over in the forum Creative Investing 15 years ago
There a group that build dual occupancy properties on smaller blocks of land. Due to the design though there is no body corp fees etc.
goosehead replied to the topic Dreams in the forum Creative Investing 15 years ago
For the Sellers I am assuming 80% is better than 0%. I think the sellers would make ther money from over pricing the product which does mean the average joe will have to pay rather than redraw his loan if he wants to keep the property in 5 years as he won't have the equity.
goosehead replied to the topic Dreams in the forum Creative Investing 15 years ago
The group is called The Dream Deposit and can be found on the web. As I said I am looking else where for my next IP but am just curios if anyone has dealt with these guys.
goosehead replied to the topic LOC to Pay IP Interest in the forum Help Needed! 15 years ago
I have a question, I posted it in another forum but there seems to be better answers here. I have a similar idea but, instead of LOC, I plan to borrow against an IP to prepay interest so the rent will go straight onto my PPOR. The interest would be Tax deductable but my intent is to lower the costs to below the DHOAS payments:-) and then start i…[Read more]
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