Forum Replies Created
hi pipelinebuilder
I have my office at home but don’t claim any thing for because of cdt.
if you claim 20% of the rates and electric and gas etc then when you sell its basically 20% of the property then get cgt tax ( and the tax dept add a little to make sure its right) so for the saving for get it.
Also and this is nothing to do with this info but what were you drinking to post tax minimisation as a post topic.
anything with tax minimisation even thou in this case it not, give these little tiggles down my back at the mention.
haven’t seen it posted for some time and maybe if you do talk to any accountant its like the f word the them you can say it, just don’t spray it on their wall.here to help
hi redwing
In answer to your question the answer is yes.
If you have purchased in a company with a trust (As I do) each project pays me as any other who would work for a company.
reno’s I don’t do put yes harrington waters Four pty ltd when it starts pays me for the time and effort done and that comes out of the cost of the project just because I am the major share holder from a profit point of view, my time is not cheap and its billed as any other expense in petrol and phone.
dazzling any chance of having you looking after some of my resi properties you seem too like tennants.
just wondering have you never had a good tennant I hand a house in marrickville (princess street) the tennant was in there for 5 years they painted the house, sanded the floors, I bought a new oven he paid to get it fitted as he thought he should pay for some of it,
great family, 10 townhouses sit on the site now but they were very good.here to help
hi all
i’d be interested if do the people in the programm feel its worth it and what have they gained.here to help
hi McHenry
yes provided its not a leap year and its or 80cents per hr if you work it out that way not sure per second but some one here will tell you.
I usually work out per annum per month or max per week never been asked per pay as a tenant doesn’t usually rent per day.
I suppose a resort style investment may.
In answer to your question yes as interest onlyhere to help
hi dazzling
don’t put me in all your postshere to help
hi westan
I have exchanged on two sites settles dec6,
I have six offers in and one, hopefully two will be exchanged before xmas.
I’m holding my investments and don’t expect to sell any with in the next 6 month but will be purchasing 1/2 to 3/4 times more volume then I currently have within 6 months.here to help
hi all
all are welcolme except spi as he will talk about the footy and is getting angry with dazzling ny chance of flying him in for a special speaker award.
see you therehere to help
hi all
price of the slab in these development in wa what is the slab cost for 4br 2 bathroomhere to help
hi redwing
were’s the article from.
I know the cg tax is 0 at the moment, each time I meet one of my business assoc he keeps telling me and is off over there again in a couple weeks,
real estate and super are the great cash cows.pollys wait until they get nice and fat in either and then they hit you with some sort of tax.
watch for a super tax on private super funds over 2 mil or more than 5 mil in investments properties in your or associated structures for a 2% road levy for 2 years that never goes away.1% per room for all people or companies that have more then 4 brs in the property they hold (this ones not funny as manly coucil have just done that per room to pay for roads maybe i’m silly but a bedroom doesn’t drive)
The only good part of the article is that they are right about rents currently.
the pollys will put any tax on until they have to get off again unless your name is bob or bill and you can put it no so you can drive the investors out of one area and into the area you bought in a couple of weeks eirlier and then sell and then you see the light take the tax off everyone loves ya and then retire as a good bloke.
my mum always told me look people in the eye when they shake your hand as they may have the other hand in your pocket taking your wallet.
and pollys shake lots of hands.
This is not to be seen advice as guy forks as already given that advice. nor is it to be seen as sell everything and go live in a kaputzk you will find that there is no level playing field there either.
This is, don’t believe every thing you read (steve vizard was a journalist) and do your own due dilegencies as for the pollys you cann’t hide, win,fight,or argue your case so I throw my hands up and in a very american saying
hit me.
Then walk out and find away around it again
and then the game begins all over again it called businesshere to help
you couldn’t depreciate a hole the longer the age is it like a wine that it goes up in value and if you had a cave in then technically you haven’t excavated as the whole is full again.
I’d like to see the insurance policy and the terms and conditionshere to help
hi all
MichaelYardney I sent you an email yesterday for those excels and thanks it was very interesting on tuesday.
But my projection is as follows and this only for the sydney market as its my area.
I think that you will see a j curve by the aug to sept next year in resi in syd.
As there will be a shortage in the rental market and this will fuel price rises and unlike a market that has price rises because of inflation or costs this will be driven by limited numbers in that market.
That hot marlet is very difficult to put out as there is no large developments in the short term.
as for doubling yes I would see that syd market will double within 5 – 7 years and growth in this area will be as always in different areas as normal.
The goverment is looking at large investor groups to help with the 20% deposit for new home owners but it won’t be much good if the 20% is eaten by demand from investors being asked by renter for properties.here to help
Hi Roofarmer
like the idea the figures aren’t right
the rent of the leichhart prop would be 726k per week and income is 420k per week so your a little short you can capitalise the loan and draw equity hence yes the idea is right just the figures are a bit rubbery.
Unless the return from the shares is to hold the properties which is not in my risk profile.Venture capital gives 30% return.
High risk and lots of due diligencies you can get this from most developing companies and accountants which use it to help start up companies.
2% per month is what in the finance markets call short term money market I call caveat lending.
Very simple put you want to by a property A and you own property B and the deposit is 45k to purchase A a friendly caveat lender which is a solicitor organises a caveat on property B you purchase A at settlement the property A is payed out and you pay back the money plus 3% per month to the solicitor and he gives the short term money lender his 2% term is usually 2 months can be 3 months.
Very simple and clean this is a very simplistic version but it is basically how it works.
Any one interested can email me as normal to [email protected].
This is not advice and is not any form of lending it is another tool in the box of finence.I will post a couple of my outside the box returns as we go along lets see a couple of really out side the box.
I’m after advice here.
come on guys and girls give me some help I want to get up wards of 5o% return in 12 months and on going.
I have a short time Line here.
lets get these gurus minds working.
1 mil is a reasonable amount if your idea needs 2 mil post it
forget risk lets see returnshere to help
hi jtw
its risk against return.
caveat lending gives a 2% per month high risk but also high return pm me if you wish and i can put you in touch with the lenders you can use there services or park your money there its not for everyone but is usefull.here to help
hi investingracer
you make a good point if land value goes up as its said to do,
how does the houses in cooper pedy go,
as the are under the ground and do they have positive or negative growth rate.
I have not look at this market at all myself but interested what are the growth rates for a hole in the ground and whats the return compaired to build.
as a developer excavation is very expensive so thes would have high costs but unlike brick or building materials not sure how you depreciate a hole.
maybe depreciator can give some insighthere to help
hi
before some one starts adding bets on who will win the Makybe Diva debate Its not acceptable equity for this post.
spi spi spi don’t jump at posts, a cool beer sorts it out
oh did I say beer should have been sc-tch put that in for badger as I haven’t seen one of his posts for a while.here to help
hi Lizzy
Don’t usually do this but pm me and you can have achat with a couple of privatelenders that I know that will look at it rate is usually up in the 9.5 to 10
not sure if it help.
Got a couple of russian guys who will lend on anything at 13%.here to help
hi resi
With the hype in the media lately of declining prop prices and interest rates rising how confident are you or your friends of investing
couple of thing.
1.not sure about you but the rates haven’t moved.
2.prop pricing it depend what range you are looking at if you look at the 80k range there has not been any movement and if you look at the 6 mil and up again no movement ( maybe a little up) and if you look at the commercial market again no move ment down it is up.
3.I have heard lots of gloom but have you heard more then me that macquarie, lend lease, babcock and brown or smorgon family are worried about the above statement I think not.just remember that there a couple of reasons for hype as you put it.
1. to sell papers bad news sells better then good.
2.financial gain by talking a market up if you want to sell or down if you want to buy.
3.ratings
I hate the pope will they are doing the Australian idol will get you a couple of minutes
of air space
4 people who are not sure what a market is doing or going, can’t read a market and try to make an infornmed opinion that they don’t have much understanding about.It is very interesting looking at the people who get into a market well before the rest of the investing market and that not just real estate and leave when they want they are not governed by media hype as they drive the media in some form or other and yes i may not like to be herded along with the information that you are following I look at the market and research that market that I wish to invest in and some times it can take along time to do and if it doesn’t work out then move to the next so in answer to your question yes I am confident in my investing vehicle and have recommended investing in a couple of areas of the real estate market.
I have yet to see one of the people who is saying that this will do this and that will do that say and I have sold all my properties and have put it in this westpac account until the market inproves
because i would say thats not a sophisticated investor and should be selling westpac bank accounts.
I’m not employed or work for westpac.here to help
hi nedkelly
like the name so i will put on the hat.
Its all in the contract that was signed as a rule rock,stone or alike is not usually cover in the contract unless specified I spend upwards of 30k a year on geo reports for this reason.
If the developer has told you about this limestone and has a geo report then I would be asking my very friendly legal eagle( and they are very friendly if you mention money)to have a chat.
if there is no geo report and lot don’t you can say all you like the builder will say I didn’t no and its not his job to do geo reports and then you may have an unhappy little eagle.
and which ever way it goes the eagles are going to get involved so consult them firsthere to help
hi Samantha McGlynn
couple of things.
1. structure
If you are going to buy and sell or sell and hold the structure maybe different.
get some one else to check your figures and not a friend ( I prefer an enemy if possible but I’ve got a few of them, if you need I can spare a couple)
your idea is right but hold unless you have a project that you need to sell to get involved and even then I have my worries.
best is to sell to cover all costs or near to it and hold the rest.
I have not taken into con sid were these properties are.
if they are smack bang in the middle of melb or happen to be part of the sydney opera house foreshore then my assistance not advice would be to hold all as I would probably be one of those people trying to get my hands on it.
hope all goes well any questions fire away I’m a bit of a new recruit to developing but maybe able to help.here to help
hi serkan
Sorry for this bit of help but there is no good or bad time to buy an good investment.
If your cashed up and real estate meets your requirements this is a good as you are going to get to purchase.
As you can negotiate very well in this market.
I am currently cashing up my equity to go on a very healthy spending spree which started 2 months ago and will go for a little time longer as depending on the offers that are out at the moment.
Three main things to look for me are.
1.equity against cost ( item must move up in value in excess of 10%)
2. cash flow (if no equity growth cash flow in excess of 9%)
3. position ( is the item in an area that currently isn’t doing either of the above but all my indicators tell me that it will do one of them).
and I price it accordingly.
non of the above has anything to do with market movement as it is worked out over long term projections.
If you are worried about movements then go for commercial there is no movements there and you can if you pick it right also get growth but will only get 60% lvr unless you pay higher interest rate which eats into your return.here to help
