Hi Dan

Why don’t you ask your conveyancer to recommend someone from the area you’re looking at

Ask how long the 5% net return is gauranteed for.
There are also charges for maintenance and 101 other things that can erode this return.
Magnetic Island is one example. (Promises 7%)

It is only partly commercial.
6 tenanted residential units
and three shop fronts, two of these are tenanted.

Yes,
This can be arranged through a solicitor.
Should you do it?????
That raises too many questions.

Or jump right in and buy 40 $50K properties.
40 Properties with an average +CF of only $20 is $800 per week.
And I can tell you, I have no properties returning that little.
There are +CF deals everywhere, and many that have good CG poptential too.

+CF – positive cashflow
CG – Capital Gain

Are you looking for +CF or CG?

My finance broker (who is also a guru) recommends them.
I have had no actual deaings, I am told they have sourced +CF properties in the past

I take my daughter (3.5 yrs) on inspections when my son is a little older, he will come too. When I ask her (Abygael) how many houses she wants to buy she replies “all of them”.
We sit infront of our PC and look at property together (as a family) for hours.
Within our families there are considerable property assets, my kids think everyone has lots…[Read more]

Where are all those people who are looking for a +CF deal?

Hi Lumwood

Our strategy is to buy within 45 minutes of a major centre in a town that hasnt been touched with the growth wand.

This does involve many hours doing RESEARCH but it does pay off – in some instances very well.

We relocated to regional NSW about 9 months ago and found a place to live 45 mins out of town. Upon a bit of research and…[Read more]

I would be happy to hear from anyone interested.

While I’m on a roll, why not take the amount of the net cashflow that the ATO will want, pay it off against/on your Clovelly mortgage and then redraw the amount (tax liability) come June 30 2005?
Tax is paid and you have reduced you non-tax effective interest bill

Accountants are not always property investors.
Isnt it all about a positive cashflow?
If this was my portfolio, I woud be renting it.Do you have any propetry that is sightly negatively geared (with good capital growth prospects?)
Are you recognised defacto in the eyes of the ATO?
There are lots of ways you can minimise the tax you would be liable…[Read more]

I pay my conveyancer for this sort of advice.
Given that both stakeholders would be entities, could they just be on the contract the same as if they were just two people? I dont know.

1.Find someone who has done what you want to do. (not an armchair expert)
2.collate information to assist in your decision making/risk management.
3.Set a year, date and time for when you will sign your first contract.
If this works well repeat the process. If not, review, refine, and go again.

These things take longer, and cost more than you plan.
I swore I would never get into another property that required work – That lasted for about one month!.
Make sure you know what you are getting into. There is nothing illegal about taking a town planner out for coffee, or lunch.
Much of what you want to do hinges on what council will accept.…[Read more]

can you put up an internal wall to make three beds from two?
How old is the decor? Can you paint and throw on some new handles/fittings?
If the zoning is village and the block is big enough, you may have a dual occupancy option (two houses connected by a breezeway or something like that)using one of the many free houses for removal.Again if it is…[Read more]

Thanks. Is there a central point that you are aware of to source a money/equity partner?

Jenny

Our strategy is to buy within 45 minutes of a major centre in a town that hasnt been touched with the growth wand.
This means you actually have to spend many hours doing RESEARCH.
We have found examples in all states.
I met one guy who bought properties almost exclusively in Lightening Ridge NSW – Not my choice, but he is now a wealthy man. So…[Read more]