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Personally, I thought Amity was hot, very perky
As for the Block, it was a giggle
Congrats Steve on book, great read
I too was worried about empowering the masses about +ive cashflow, but to be honest it too much hardwork, dedication and even sacrifice for the masses.
ShaneB, I appreciate your scepticism about the impact of interest rates, but you will notice that this website has lots of investing tactics that could be employed with high interest rates.
This is certainly the market for positive flow but I am putting a vulture fund together for higher interest rates
Babs, as a Queensland looking on the net, I started drooling over what 40 000 buys in regional SA. I think it is way positive but that’s just from the net
Mate, buy the thing now and give the old man 100 cases of beer for his future.
This thing is a steal for you. I think this is a $5-10 renovation depending on the costly plumbing stuff. The rest you can do in between having a few ales, catching some waves and rays.
I would strongly consider buying it, moving in to it and renting/selling your pad. I know there is a little pain but.. look at the gain. CGT tax free sale or pemium instant rent. Furthermore, the old man’s apartment could put an instand tax fee CGT (maybe $70k) in your pocket in the next free months or rental
Give me the address and I’ll put a package to the old man myself (140 000, 50 cases of beer, 1% of my profit, option to buy unit back for 300 000,use of the unit for 1 week a year for the rest of his life)ALL JOKES
What type of deal? Budget
Find a cheaper renting place and forceably remove her and her stuff. Forget media backlash
I know she’s in her 90’s but please, does it need to cost someone $7000. At this rate, no one will rent out to 90 yr olds because they can’t bear to toss them out. She proabably just needs help moving, that’s all
I’d love to meet up with some 20 something property tycoons myself. All my mentors are pushing 40.
Some of my hardcore friends are solidifying their residential gains in commercial property. I like that concept. I just haven’t got enough residetnial gains
Crashy, have you found any properties around Eagleby…. I found a potential under 100 place in my local area. It’s got 3 signs on it, its listed at 125, I’m moving tentatively
Gees, you are active Crashy. Don’t you sleep you financial advicor you
Be very careful about seeking capital gains in this market. Capital gains are still out there but so are huge losses.
Perhaps more sensible advice would be, not so exciting positive gearing properties. That way you save your cash or borrowability for a potential slump in quality property. Yes, I am talking about Sydney and Melbourne.
I just sold my PPOR for a 320% return, unfortunatley, I am now homeless
Please don’t get a buyers agent. Most sellers agents actually work for the buyer. Save your cash and be patient
I’ll give you a loan at competitive interest rates. Just jokes, just offer less money
For the best rental yeild information, look at the Tenancy Authority website in each state.eg. For example, Residential Tenancies Authority in Queensland
Have a look at Neil Jenman’s “Real Estate Mistakes”. It has some doozy questions to give bad real estate agents when buying. One question, namely “Why is the seller selling at that price” can get a bad agent to tell everything like:
a)I think its too high
b) You could get the house instead for ….
c) They will take a low offer because they need to move somewhere elseBecause Jenman advicing how to be a good agent, he is well informed at how to take advantage of a bad agent, which would be the majority
You have a difficult situation.
I think the term positive gearing is important to you. Whatever that money does, it has got to be a tool for future opportunities.
It’s a difficult market for positive gearing now but it is possible. I would have recommended a unit or two in Cairns but they have jumped a little bit.
In this market, there are few options for you, especially in Sydney. Whatever you do, be patient and look thoroughly. For you, it might take only one good investment to send you on your way.
It is a time for vendor greed, in this market. I myself have some sucker paying wildly too much for my under contract property.
Be smart, put hands in your pockets and walk away (or at least be prepared to). If you are having difficulty with bank borrowability, that will effect future equity transactions with bank and also affect resale for borrower
I’ve done tax law and…
1. I think its a capital expense (new windows) and $3000 worth. Maybe if the new windows were 1000 you could say it was cheaper to buy than repair
2. You live in it and it is not an income producing asset. Either put the expenditure off or put a future date on the replacement quote.
3. As for your imaginative ideas, they are dodgy. By seeking payments to secure the apartment, you make it look like a capital arrangement (you are selling an option for furture tenancy, for example).
If these payments are rent in advance, then again it looks dodgy and possibly a capital arrangement, not income. (You are not being paid for a service but a right of some kind
Wow, that is amazing. Is that for both properties your name is not on title?
Legally you may be alright if you still have contract of sale…. but that is huge since the contents of the title are meant to be the holy grail. Keep us informed and complain about your bank on NOTGOODENOUGH.COM
