Forum Replies Created
hi KRUPTA
I’m no novis moore or less ( that was a play on dazzlings name)
first I don’t like government tennents either mine are companies they are easier to deal with
second try to get it cpi or (5 or 6%) increases to cover inflation.
third get the tennenat to pay all out goings
fourth talk to a real estate to seee if it can be lease relatively easy to another tennant or need nodification.
fifth get the tennant to cover all insurances
sixth the lease you have is 2 x 2 I start at 5 x 5 and I’m neogitating with coles a 5 x 5 x 5 the longer the better.
unless you think the rent could jump up then go for a shorter lease.
I like commercial and would buy it over resi if I had to buy it.
as for regional comm its alittle more difficult tell me the state and region and if in nsw I’ll let you know.
if you tell me its in parkes or dubbo with a 11% then I would say that it is probably worth it if you say it down the road at orange I would say keep the money in your pocket.
You need to know the area.
you can get between 12 and 15% on comm in regional areas but outside cbd its hard to get lends and comm is even harder so most are paid bycashed up investors using equity from there cbd investments.here to help
hi all
I agree with dazzling that you find not bad brokers but unexperience brokers or anybody for that matter in any industry I use a couple of brokers for my some of my deals working with one on this forum on one (not seen a post for a while but must be busy)I am a registered broker for a group but I use brokers to get a better deal in some cases,
but more to get a deal from lenders you don’t deal with.
this leveraging gives more flexability with your lending.
I’m not one for putting all your eggs in one basket.here to help
hi all
yes we all must come out of our comfort zones and I am currently looking at that and looking at investing out of nsw on a project.
I haven’t asked dazzling but if he puts his hand up for an area that he specializes in why not.here to help
hi zeallous
by advanced are you reffering to my age I know there are sepp5 over55 developments but we haven’t got that far with discussion groups.
but come along see you there.here to help
hi all
post this unique tax saving structure as I need one I am sure it will be well used by my selve if it works.
as like AUSPROP I am very interestedhere to help
hi Chris77
couple of bits of advice.
10 units is not a large development and is relatively easy to do but you may have a problem.
over55 are sepp5 units or town houses I don’t know for wa but I will go off nsw and you can check your state.
1. The units must be designed for 60 year olds may sound funny but alot over here arn’t.
2.They must be in an area were 60 year old want to live.
3. they can’t be lived in by people under 55 and you can’t market to people under 55 so re sale is a problem.
4.you can’t build and hold the profit in a unit or units as it hard to find over 55 tennants in a quick time frame.
5. a purchaser who wishes to get a lend on a unit will find it hard from a normal lender.
taking all of the above into count I don’t do sepp 5 developments and I get about 5 aweek here in sydney and each time I tell them that the figures don’t stack up.
If you ask your seed investors to take a return out of the profit ( I hope you are not giuving them a persentage return 15/20%)then they may have the same opinion as your broker over there I think he is saying its to complicated as he doesn’t want anything to do with it.
I would check my figures and then run it past an accountant with the pricing as sepp5.
The only sepp5 I know here that have been successfull is were they are attached to a nursing group.
my little piece of advice.
This can be look at as advice and it is be very carefullhere to help
hi muppet
I think everything as a sydney developer I think we could cut it off and ship it to nz and be done with the white shoe brigade.here to help
Hi munjy
maybe a bit of all, the mentor for that group would decide and then you can make your mind up if you wanted to join or not.as for (Or its either mentoring PLUS investing or nothing? I think that’s what your getting at with the “half pregnant” comment). yes the mentor may say its ok to come along for the ride or may say no all the people in his group he/she would like to be investors his/her call.
I am interested as most of the groups currently don’t have this available and wish to sell you books, packages and the last one was a broker house that was organising all the loans for the club and the advice was to go out find a house come back to them and they would get the loan in the persons name and know they are an investor ( not the best advice in the world).
There are alot of mentors out there that don’t know they are mentors purely because they are good at what they do and don’t need to sell books or packages but maybe interested in passing on a little advice to up and comming investors.
This tread was see what interest there was out there for this type of mentoring its a hell of a lot cheaper then some mentoring packages out at the moment.
Get a cd by a company called tradersacademy.com.au
they are a share trading house but it gives you very valuable information not just on shares but on training and investing its interactive.
This is not to be seen as advice.here to help
hi thinker
go to the council and ask for a copy of the stamped da plans in a1 and if in nsw a set of the stamped cc plans a1 again have a look and talk to a planner in that council to see if on file there are any section 96 (adjustments been put thru)then have a chat with your local solicitor and see what can be done.
It seems unusual check that the builder is still in operation.here to help
hi teacherk6
Check with the bank if you go over your limit you get hit with penalty rates and they can be very high nearing shark rates of 32% per annum so check.
No problem running up your credit card as long as you can run it down quicker before the due date of payment.
cc are nessesary evils but they are a tool to be used as such and must be kept under control.here to help
hi all
not sure but I cpi or 6% increase my rental leases so I would be a head by 2% so I hope they stay steady as they go.
but im very selfish.here to help
hi andymitchell
I don’t sell of the plan for this reason but first thing to do is go and have alook at the site and see how far they are to finishing.
next get the revised date of completion and find out the bank that they are lending thru.
you will see a sign on the site suncorp hsbc nab who ever.ring the lender and ask what there revised date of completion is( there will be very close to the correct date.
Armed with this information then talk to a solicitors remember that any litigation cost money and negotiation is alot cheaper way out. Have a read on somersoft.com in general information under gross real and his system.here to help
hi ddb
get it out of the court as quick as possible.
Then try to talk to the other side and split as amicable as possible ( the only winners in court are the legals)
Its is cheaper to split out of the court.
With regard to the investments I would wait until you have whatever is there.
I would once I have they money or property organise to meet at your local investment group we ahve one here in sydney and ask a few wise old owls there what to do then.
but first sit down draw up a asset and liability sheet with all costs on it.
draw a go forward plan and present it to the other side.
If it looks ok you may get out of it with your shirt.here to help
hi all
johng look for the post on the next sydney meeting.
email me or roy and we can send it to you.
with regards to trust you need to talk to an accountant who deals with trust and different structure with yours in particular it need to be specific as you want to draw back as much paid tax as possible so it need to be able to do that.
the starting structure is very important its like building a block of units on sand it can be done they do it all the time in dubai but it needs to have the foundation correct from the start.here to help
hi all
munjy I posted you may wish to talk a back seat and watch if you didn’t want to get directly involved with the investment unfortunatly you can’t be half pregnant.
As for the board game they are well and good but using your own money is alot better.here to help
hi meilin08
I haven’t looked at this market but it is very interesting One of my work mates ( I think he can be put in that loose catergory) has been going to singapore and hong kong and has increased his movements up there.
I would be interested in a couple of examples of what you see as cheap investments.
pm me if need behere to help
hi andymitchell
michael hume burwood 02 9744 0722 acclaim legal.
not sure if he would want his legal up on a bullitin board but he will be able to help out.
If need I can go up to the next level but so can michael to barrister ring michael or carmel (same number)and if not email me.
Lawrence
This is not an advert for accalim legal and to the best of my knowledge have not nor would they instuct me to advertise in any form for this practice.
Any calling of this company or practice is at the caller own choice.here to help
Hi C2
please explain
I heard that from a wise now old lady who ran a chip shop some were and got on the front page of every news paper should have got her to advertise for me but I digress
eplain each and see if they can or I do already use them.here to help
lets find the interest then find the mentors.
i’m for dazzling grouphere to help
hi matt
granotex over the outside it looks better seals(is water proof) doesn’t give the drummy effect and is applied in 3 coats and is about the equivalent of 6 coats of paint per layer.
It wont chip off any usually comes with a 25 year warranty not cheap but will look great and adds value to the house.go to your local house exp village and ask to see a granetex house and thats the finish you will get.here to help
