Forum Replies Created
For hellman, where you can find 8plex for $80k in Australia? also you revalue $90k, is this mean you add $10k to value to support $100 rent for each or you add $90k to original $80k and still get the $100 rent (you are really amazing if you can the latter
For gross, in investing, I think it all relative to risk+knowledge+experience v return. You have high return but also high risk, but with knowledge and experience you can lower your risk.
potential investment (only example only, not viewed as advice):
1. options = for $1 invest you can control $15-30 worth of shares in trust property, return 25%-300% pa
2. land banking = buy lots of land together and subdivide and sell, say need 10 years you can get 4 times original purchase price, if you borrow say 50% LVR, you get 80% return pa on average.
3. buy shares in mining company = if the co. struck the deposit(ore, gold,oil), your $1 be worth $50 in 3 years, return 1,666% pa (you said any class is ok ?)
4. buy property that you can renovate (add value)+ get better tenant (better value and rent)+ subdivide (add value)
+ build (add value), return 40% (add value, do refinance and pull out) + 30% (extra rent from original property and second property) = 70% pa
5. your brain, the more you know, the more can see opportunities and more money you can make. that’s the best investment you can makecheers
Happy_Dragon
A simple act is worth ten thousand times of a decision to to act.
Hi grossrealisation,
Just wondering what is a vic company? If you create a company with discretionary trust underneath, isn’t will have complication with beneficiaries in the deed? will it cause the creation of new trust from law point of view? as you change the ownership of the trust and reflectively change beneficiaries, appointor.
Still learning
Happy_Dragon
A simple act is worth ten thousand times of a decision to to act.
Thank you Dr. X and Richard for the suggestion (now I know whose idea it is [biggrin]
Still looking for all genius out there whom haven’t check this post yet [baaa] and put their 2 Cent donation (ah, by the way I accept cheque as well [
]This forum is an endless road filled with angels [angel] and not so evil devils [devilish]
cheers,
Happy_Dragon
A simple act is worth ten thousand times of a decision to to act.
Hi all, just met with my solicitor, she said that I do have right to terminate the contract using business partner clause or assign the builder as nominee, BUT the stamp duty still apllies [bawl]
I think I remember someone in forum (is it Terry??) whom mentioned that if I can make an agreement pre date the contract with the builder, I can avoided stamp duty? need confirmation about this. Anyone know VICTORIA law please help !![bawl]
For future references, I asked about option contract in case smth like this happen again, my solicitor doesn’t know much about it. Does anyone know good solicitor/ contacts who know a lot about option contract and business structure in property investing in Melbourne?
love to learn from all of you guys [
]cheers
Happy_Dragon
A simple act is worth ten thousand times of a decision to to act.
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