Forum Replies Created
still working on it but the last one is equity in 35k and will have equity out and 127k by march next year.
not a bad return.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi pipelinebuilder
not sure how to answer your post but will give it a go.
mule investor usually 10% return,
(no liability risk) money in money out in 12 months.
member, equity in, with attached to the development ie risk as they are part of the trust usually between 20 and 30% profit depending on the project.
major investor usually share holder with me return on equity above 60% and holds at the end.
I dont get involved unless its min 30% return.
The group I’m involved in currently giving mules at 30k a 10% return per annum.
thats no exposure to liabilty , ongoing resi development.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Infinite
not sure where this company is registered( you are in vic but is the company registered in vic)(I’m in nsw but have 5 vic companies) I take it as being vic and if this is the case then yes you are correct.
this is not the case for companies in other states I have companies from different states for different reasons and as you post is one of the reasons for vic companies.
as is the case with nz companies they don’t carry capital gains tax which is also an advantage depending on what the company is to be used for.
one thing you will require to do is talk to an account with regard to the purchasing of the shares, as the dot and crosses need to be check so if the ato knock on your door as they would with anybody( there is nothing unusual with the structure you post)you have to explain what has been done and why.
Its called “fun in business” finding these little irregularities between states.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi MichaelYardney
yes there are problems with seminars and investing groups but most of the people that perform outside the normal 10% return do not work within these constraints so the more creative pens in this world will not be controlled by these rules because these rules restrict there fluid systems.
With any thing there are shonks and spruikers but some of the people that are making deals that for one I would like to be involved in cann’t be regulated for so.
If you like to stay within the (property investment business)thats all well and good but you will always find that one door closes and another opens.
I like to see all angles of investing it gives me a little edge.
as for a good thing I see regulating as a hump in the road of investing and needs to get over to get to your goal.
we have different viewshere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]and thats why we have keepers
1 1 and the keepers win the game.
who’s going to germanyhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi redwing
never was a pretty face but know a deal three lender want to lend on the units and scored another goal today just not telling the score.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi dazzling
might be buying one of resiwealths helipad houses
except not sure( if The 50 odd acres should yield about 40 – 50 home sites, question is how much is a million dollar view really worth today) if the value hasn’t been calculated I would wait.
I am got three to start before the end of feb.
1. two double duplex sites with water views my in is 18k for both equity,
equity releast and 20% return by jan,
site has a 12 month build time
real time 4 months
re lend on completed product valuation 600 build 300 cash equity out 1.2 mil
equity 1.2 mil used on 93 unit development in cdb sydney.
loan approved to 33 mil.
builder, company and trust organised, with me holding one tower of 43 units and all posi’s.
all of the above is using equity and so no interest paid.
the construction loans are capitalised.
and this goes thru my investment trusts so if I wished I could purchase helipads but it wouldn’t fit my profit criteria nor my time line.
the third one isn’t yet for posting here as the return is high and not completely finalised but is using my usual structures.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi budding investor
yes coastymike is right but I build using the margin scheme on most of my developments and its monthly I’ve exchanged and already put in for the gst credit before settlement not sure if we get it some times you do, sometimes you don’t.
It depends on what you are building and what you are going to do with end producthere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Kevin
the easiest way to explain trust is go back to the board look up any post that coastymike or cata have answered right click there name and have a read of the posts they have answered and you will understand because
a. no point in reinventing the wheel
b. the page wouldn’t be long enough to explain.
c. its the structure that buys the property but companies and trusts in different state are different so readhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi LukeNeale
I’m a little with dazzling on this I was in an office yesterday with a solicitor for one on my business associates and it took him 3/4 of an hr to go thru a nab mortgage doc to make sure they hadn’t changed any thing and yes they had.
devil is in the detail.
I am glad you are learning because we all must. you haven’t taken my seat so you can rest a little better if thats praying on your mind but having said that I have spoken to steve on the subject of his mentoring programme and he explained to me the same as you have posted so its not come as any shock to me.
Deals are out there and there are alot of them and yes if you can be shown the way to get them then it is a cost of education.
My only question is “Is the cost more then the return” from your post to “you” it isn’t.
I must admit I have still got a couple of concerns as to the mentors and what qualifications they have to mentor someone but you are the mentoree and they may be showing you how to cook a cake for all I know and you might be wanting to know how to cook a cake, its your money.
not sure about the 300k it depends the time frame,and returns why don’t you post and let a couple (not me) wizards here have a look at the figures and let you know if its a good deal.
As I posted to one of dazzlings posts this week I look at return against investment.
just finishing off 11 wallace street marrickville (5 member unit trust) (mpr unit trust) 19 units my cash/equity 400k in and out within 6 months and I’m holding 3 units worth 550k.
my cost to construct 370k.
lend 475k on each unit.
cash out of loans from 3 units 315k in the cash or equity
Not bad 400k in 715k out and all in equity (no cash notes or coins) at all went into the project interest on my involvement 0.
Holding units so no capital gains tax until sold.
The other member wish to sell theres so if you wish you can purchase end product, theres not mine will be on the market in jan next year.
I have exchanged and settle on the next site 6th dec due for completion march next year again no cash money in,
nab doing deal equity out mid dec and this is all done using equity and i hope they are explaining how to use equity instead of cash.
how much money notes have you put into the project 0.
look forward to hearing from other RESULTS participant I think that is the correct name.
ho and just in case resiwealth happens to read as he likes to read my posts thats personal return I hope you are making this type of profit in your little projects for yourself, not a group profit.
I work out my own trusts profits.
and before you get your calcualtor out thats 187% return back or return on money or 87% return on top of getting my money/equity back and 3 units in an area which was the 3rd highest growth in sydney for the last 5 years and has averaged 11% per year with a climb in rents of 15% this year and has had no significant drop in pricing as there are no other developments to this level in the area.
Prior to purchase a full marketing and feasabilty was done by colliers and projection and cost are on target with building is 85% complete.
all members of trust supplied equity only suncorp did complete lend.
not bad for some one that as he says can only do spread shhet trading well as dazzling says its all in the detail and my little programmes and spread sheet haven’t been wrong to me yet but ha who am I to give any advice I don’t write books or make a living out of selling them.
call me silly but I make a living out of investing, developing and moving my money around within my system. and watch this space because I’m on my project that is not the next, or the next, or the next, but the fourth and this has been going for some time and makes the personal return of the above look similar to getting 5.99% from nab.
so sorry to say this LukeNeale but I won’t be sat next to you at the next results meeting but I will ge at the next sydney meeting at petersham rsl on the 27th of this monthhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]which the post or the person
here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi roy
look forward to talking to the trust guy or girl didn’t get much from the chan web site.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
who joined guru’s @yahoo as per mint group for the sydney investors,
Am I the first member looks like it as its only got 2 members at the moment and the other was the assembler.
send an email to [email protected]
this will be interesting we are working with a blank canvas so let not make a mess of it.
.here to help
hi all
apart from the violin dazzling was talking about it is correct.
If you diversify across different types of investment then you can’t send more then the growth of your portfolio and sorry dazzling in this case size doesn’t matter, its the time you start the process and the system.
When and how to add either growth or more vehicles this is not a property only system and is a structure similar to a house
you first build a one br house then add another room(an investment) then another room and another and if you started at 16 doing this and always worked on it by the time you are 40 you have a 30 br house then retire and live of the people in your 30br boarding house.
Its simplistic but is very similar, there is alot involved in it.
As for banks no they look at these systems and like to lend to them because of cash flow and equityhere to help
hi Blue Ship
go around to the property on a saturday around 10 and have a chat with the neighbours be really nice, pat the dog they will know who owns it and when they come to the property.
This way you you get on very nice with your neighbours before you buy.
11 wallace street I purchased to turn into a development site just being completed I had 19 neighbours objecting to the da and all said they would only discuss there objections with me so we sat down again and had a cup of coffee need less to say the site went thru and all are happy.
you can also find out from the neighbours, white ant, rats,if they were looking at selling are they dead,
ask who’s the nosiest neighbour.
make a bee line for her door(never a him not sure why)
I had a laneway that nowbody not even council could tell who owned it after a couple of cups of coffee had the name address and contact details and even had the old chap ring the owner and book for me to meet them.here to help
hi dazzling
I work out my return as
my money in (inc all my costs)
lend and tennant
my money out (asap)(if possible) usually 6 months
even on the development sites.leave for growth and then draw on equity.
my marrickville 19 units come on the market around jan next year I’m holding 3 the other trust members want to sell and move on
I hold 1.5mil owing 1mil my cash was in and out within 4 months and the builders built them. I’ve picked the 3 best units and walk away with 1.2 mil neutral and the equity is going into my next project which will be known very soon.
Hence the question if you had a million what would you invest in.
To see if there something better from my equityTo calculate I look at the cost of my money.
here to help
hi all
lets hear from afew more if you have invested in any thing and you think you have got your moneys worth then thats the main thing.
we all spend money in different ways and as Bill Gates once said its only money and Trump then said yes its your money I’m spending.here to help
hi JRsMoney
how and who bought the property in your own names,company, multipul trusts what?
talk to an accountant with a very fluid pen you may be able to max everybodies position.
I didn’t check your state put talk to a couple of accountants before deciding.here to help
hi brahms
I think dazzling was playing on the.
Purveyor of Fine Finances with his post.
I like a strong post.
what I can’t understand is why you don’t stop beating around the bush dazzling and really say whats on your mind. don’t hold back that wasn;t that strong on brahms, toni and spi will tell you that it was if I might say so myself a little soft come come give a bit of bite to the nextone.
things like, well I don’t know I will ask badger he’ll give us a few clues.
back soon off for a scotchhere to help
hi pipelinebuilder
I’ll bite yes you can make an income with 2k it just depends how much time on top of the 2k you are willing to put in.
you can get 10 mates together and each put in the 2k you now have the 5% deposit on a 400k property, you then find a property thats posi at 10% moree is a good place to start (its gone but was there 1 month ago) you now have 3% posi income plus a 400k property to leverage off.
you keep it for 12 month and you save the 3%
after 12 month you have 12k this gives you the 5% deposit on a 240k property,
so you find that also try cobar, orange, broken hill again at 10%
and now you have 3% broken hill and 3% moree.
and you keep doing this.
as you have 10 people doing it together the bank will have no problem with serviceability.
after 5 years you will have a very nice little group of properties and then you start to draw out of the properties the equity to purchase the commercial properties or want ever.
I will tell you in 5 years weather this system works because my son is just about to start this system and is 16 with his 18 year old brother, he’s starting with 10k and because its a company, trust structure I sign as unit holder to purchase but he does all the work and runs it.
when he’s 18 he takes the company over,
he already goes to the investor meetings and has a good understanding of how it works, there is a group of 16 year old economics, business and legal studies and each is putting up the same amount and is long term.here to help
