illuminati replied to the topic Bob Anderson, Billion Dollar Developers Coaching Program???? in the forum Heads Up! 14 years, 2 months ago
learning new ideas and concepts is always a good idea, you take what you think works or that you like, and you end up with your own system that is based on others that have done things before you. sometimes its like 99% similar to some ones, sometimes its an even mix of different peoples ideas.
I’d just weigh up the cost of it, and what else…[Read more]
illuminati replied to the topic “property managers” too busy to manage properties! in the forum Hey,
i have been renting for 14 years, 2 months agoHey,
i have been renting for the last 8 or 9 years. and have rented in 6-7 properties over that time.I have learnt a LOT about being a tenant, finding rental properties, and just how good/bad real estate agencies are….
Just in case you were all wondering, If i want a property to rent… i don’t check realestate.com.au… in fact, none of…[Read more]
illuminati replied to the topic What to do with 300k in the forum Help Needed! 14 years, 2 months ago
Hey JacM
I was just looking at the Metricon website. looks really nice.
Do you know of a comparable company that builds in Adelaide?illuminati replied to the topic What to do with 300k in the forum Help Needed! 14 years, 2 months ago
It takes lots of research. its not just as simple as build it and they will come. the right building in the right area at the right time…. UNLESS you can do something that is always in ok demand, and do it for a great deal.
But, finding great deals is again, research and knowledge.
I have a book which is awesome for a step by step guide…[Read more]
illuminati replied to the topic Development timeframes in the forum Help Needed! 14 years, 2 months ago
Hey, i study construction management, and have had to do these as well. unfortunately the time data you’re after is just based on experience… there is no real guide available…. for costs there are! but time… no.
It’s really just a step by step process, guesstimates of how long it takes to excavate, pour, curing times, frame work, etc…[Read more]
illuminati replied to the topic GST on development in the forum Finance 14 years, 2 months ago
you pay GST on the sale of the building, but during construction you can claim the GST of the materials and services to build the duplex in the first place… so have to work out both and see if it is actually that bad. also take into account the time value of money, 100 dollars saved during construction, is worth more then 100 paid when…[Read more]
illuminati replied to the topic Buyers Agents Reviews in the forum Help Needed! 14 years, 2 months ago
i don’t like the idea of paying someone a % rate for negotiation… what’s their incentive to fight for a better price?
saving time and getting access to off market properties sounds good. but i’d definitely choose a flat rate if i could.Also, just have to be very specific about what you’re looking for, sometimes its hard to explain to a 3rd…[Read more]
illuminati replied to the topic Introducing myself, and my plans for my Value adding portfolio. in the forum Value Adding 14 years, 2 months ago
http://illuminati-myroadtoriches.blogspot.com/ Just started my blog.
illuminati replied to the topic Feedback on Areas Please in the forum Help Needed! 14 years, 2 months ago
The onkaparinga is a bit of a loose term dont know the “shire” but basically they are talking about anywhere in the southern suburbs near the onkaparinga river, this could mean norlunga (a low-middle income area) or reynella (an older suburb with some wine heritage) Morphetvalle etc. they are fairly good areas, nice parks, river, close to the…[Read more]
illuminati replied to the topic Feedback on Areas Please in the forum Help Needed! 14 years, 2 months ago
i am looking at 3 bedroom houses in elizabeth ranging from 170 to 200,000. i have friends in tiny 3 bedroom duplexes in that area who are paying 260 a week rent. so a 3 bedroom house for 170 sounds good to me.
The area is considered dodgy, but like i said, i am looking in that area… the reward outweighs the risk i think. Just make sure you…[Read more]
illuminati replied to the topic I’m employing someone on the dole. in the forum Legal & Accounting 14 years, 2 months ago
There is a way around a lot of that, You can get them to apply for a ABN and pay them as an independent, there is still legal stuff. but you are much less liable and you don’t have to with hold tax or super.
Many people in sales and commission jobs are paid this way. don’t see why it wouldn’t work for any other type of work too. but maybe…[Read more]
illuminati replied to the topic Feedback on Areas Please in the forum Help Needed! 14 years, 2 months ago
I’m in SA and looking at areas around elizabeth etc….. but you haven’t really mentioned what your after? what sort of things are you looking for?
Elizabeth is pretty cheap, because its about 20-25 mins drive from the city centre and considered one of the “dodgy” areas, Christies Beach is a bit of a drive out of the city too… but in the exact…[Read more]
illuminati replied to the topic Selling after a divorce in the forum Legal & Accounting 14 years, 2 months ago
if you are on good talking terms still, then i would talk to her, and see what she will do… maybe she wont want her name off it, maybe she wont want half… i’d talk and ask, or get something more in writing.
illuminati replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! 14 years, 2 months ago
Sucks that you are having trouble with the money, But there are a few questions.If you are using the property as security, maybe they dont think there is much interest for the land. If there is sufficient interest in the land out that way, have you thought about separating one of the parcels of land, and selling it?Options to get money via th…[Read more]
illuminati replied to the topic Introducing myself, and my plans for my Value adding portfolio. in the forum morpheusbushy wrote:My only 14 years, 2 months ago
morpheusbushy wrote:
My only question is to ask where you got $875,000 cash from ?!The money is from a few things, inheritance, past businesses, and the stock market.