Total Members: 159,401

keystone

  • keystone replied to the topic No One Belive So Am Sharing You Guys in the forum General Property 19 years, 2 months ago

    Asabove,
    hopefully you are not in this situation, but from what I have been told the child support agency will look at an investment property a dad has and takes the view that the rent received is your income, without taking into account the loan you have on the property.

    I’m not sure if the proposed changes to the legislation will fix this…[Read more]

  • keystone replied to the topic No One Belive So Am Sharing You Guys in the forum General Property 19 years, 2 months ago

    If your gross return on the investment was 1100% then the figures would look something like this:

    $55,000 X 2 = $110,000 times 1100% = $1,210,000

    but based on your figures of $18k gross profit the figures are $18,000/$110,000 *100 = 16.36% gross profit. Net profit is $11k/$110k = 10%.

    Well done anyway!

  • keystone replied to the topic Should I invest in the prop market? Only bad news in the forum Help Needed! 19 years, 2 months ago

    Clones,

    my last comments should not be seen as advice. Just a personal opinion from an observer who digs holes for a living.

    k

  • keystone replied to the topic Should I invest in the prop market? Only bad news in the forum Help Needed! 19 years, 2 months ago

    Clones,

    There is more than enough evidence out there that residential property prices (especially Sydney) are still correcting.

    It is going to be some time before we see a general rise in the Sydney area, although there will be opportunities that arise in the interim.

    Personally I am keeping my powder dry and keeping watch.

    Keep posting your…[Read more]

keystone

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