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  • Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey all,

     

    Love WA & Perth options, I am happy to answer general questions (please note I cannot provide specific advice as I operate a FP practice.

    Jaxon | Jaxon Avery – Financial Adviser
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    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey Bel,

     

    you can if you choose to buy/structure that way potentially.

    also you could use debt recycling & other strategies to maximize the deductions potentially moving forward.

    There are heaps of answers on forums like this to help answer.

     

    Benny’s questions are great & show how detailed this can become to work all aspects out

     

    Wish you all the best :)

     

    Disclaimer: all the above is general in nature or factual. it does not take into account your situation & may not be right for you.

     

     

     

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Great statements/philosophies of life & deep value in them.

     

    some of the ones that play in my head repeatedly are

     

    “do not pray for an easy life, pray for the strength to endure a difficult one – Bruce Lee”

    “He who says he can & he who says he can’t are both usually right”

    “be greedy when others are fearful & fearful when others are greedy – Buffet”

    “when the tide goes out you find out who isnt wearing bathers – Buffet”

    “you cannot change the past but you can learn from it – Lion King”

    “Im not better than anyone else & no one else is better than me”

     

     

     

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey mate,

     

    as an example I made over $150k the day I bought

     

    1 Government Road, Labrador

     

    earlier this year.

     

    I bought for $560k & was worth around that 700k at time of purchase, once reno finisehd will rent for $1100 & be worth 850k+

    So

     

    “If the focus is on making money at the time of purchase, what’s the point of holding then? If the focus is on holding then, the purchase price will become irrelevant within a few years of decent growth.”

    -Point of holding is cashflow & not paying taxes

    -in relation to the purchase price isn’t important then your criteria properly isn’t looking at ROI/Yeild.

     

    disagree with almost everything you said & most properties I have go against your above philosphy.

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    My thought is with that level of capital, why Sydney?

     

    Is it for capital growth?

     

    how does this fit your financial goals?

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey Propertyboy,

     

    just purchased a site on Gold Coast that I can do 3 townhouses on now.

     

     

    happy to have a chat with you mate

     

    Kind regards
    Jaxon Avery

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Sent you a private message so as not to prompt own company

     

    Kind regards

     

    Jaxon Avery

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
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    @jaxona
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    Post Count: 284

    Hey Steve,

    Yeah totally agree mate, its finding that and having the cashflow to facilitate the deal & get it over the line.

     

    So under contract and found a deal that is cashflow positive, under market value & zoned RD6 so maybe 18 bedrooms max.

    Its a very tricky lot & something even the town planners states is very tricky so we will see.

     

    Appreciate your time mate & time will tell how we choose to create wealth from this one as there are a few options.

     

    Thanks!

     

    Kind regards

     

    Jaxon Avery

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
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    @jaxona
    Join Date: 2014
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    I would say you could have 100% control of a DA/BA scope similar outside of Sydney with a far lower entry point.

     

    Might be worth considering?

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Firstly, you should speak with your local town planning department as I presume (could be wrong) it’s currently zoned as residential?
    This may be a major issue as you likely cannot lease as commercial if it’s not zoned for it.

     

    Seek professional advice.

     

    Wish you the best!

     

    Disclaimer : this is general and in no way specific advice.

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey Dominique,
    Yes, Advisers setup, you need to ensure this is in your best interest and you are aware of all implications and the actual potential outcome stacked against another strategy.

    Wish you all the best!

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
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    Sometimes.

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey Chris,

     

    Mate finding a CF+ property is not hard, and that’s before talking about TAX benefits.

    The growth is speculative, however, can be forecasted.

     

    Well I do these things with clients and ask a lot more than the above mate, I would say you need to understand firstly your current financial position and your end financial goals and then each property/asset should be getting you closer to that goal.

    E.g. a property that makes you $50k in two years or something like this might be a good goal, or something that has CF of $3000 per year. whatever it may be your seeking for the property or asset you want and then using that to get closer to your end goal

     

    E.g end goal : $2000 per week income from assets.

     

    There are so so so many options for what to do and lots are good and lots bad.

     

    I wish you all the best mate and hope this assists.

     

    Disclaimer : This is general and does not take in your circumstances and is not intended to be acted on in any way.

     

     

    • This reply was modified 3 years, 10 months ago by Profile photo of Jaxon Jaxon. Reason: Add disclaimer

    Jaxon | Jaxon Avery – Financial Adviser
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    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Mate this is circumstantial to the purchase price.

     

    If I buy the new property for 500k but the older ones 550k then?

     

    I agree with almost everything you said though.

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
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    Good Day SydMan,

    well given your situation I wonder what your end goal is? $1000 PW in income? as this would be above what you currently earn and imagine it might sustain you?

     

    if you provide what your goals are then maybe some clarity can be provided on basic info for you.

     

    Wish you all the best!

     

    (This is all General Info)

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Grim report……………..

     

    Hopefully things clear up for 2021

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    So firstly, depends on what you define as a distressed sale.

    if its a quick sale then its technically distressed.

    E.g if average sale is 80 days, goes in 10 days due to lower price, to me this qualifies.

     

    Jaxon | Jaxon Avery – Financial Adviser
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
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    Well I have literally got deals like this off there (bank forced sale)

     

    So I would say dont be narrow minded mate.

     

    Also funnily enough gotten deals on GUMTREE personally under valued (not forced sale though)

     

    Mate if you find “listing repossessed properties” or some database like this Id love to know.

     

    as usually the bank just repossess & sell to clear their loss.

    Mate I am not aware of any of these auctions, just not how I have seen things operate.

     

    for mass business fittings, trucks etc yes. Not property. (that I have seen in OZ)

    Jaxon | Jaxon Avery – Financial Adviser
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    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Are you asking what’s the best way to grow your held funds prior to repurchasing?

    Costs down? do you mean to grow the funds? I feel lost mate.

     

    can you clarify.

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Good Day Propertyboy,

     

    So few ways, one constantly watching Realestate & domain.

    Better than that, is to build relations with local agents & explain your a cash buyer & your criteria.

    I get your saying some agents say it doesn’t exisit, it does as the building I am in right now was a forced sale.

     

    Spend the time & study, TBH unless your looking Australia wide it isnt always a weekly thing but there are deals every week.

     

    (this is not advice)

     

     

     

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
    Email Me | Phone Me

    JPA Financial Services Pty Ltd

Viewing 20 posts - 1 through 20 (of 331 total)