hbbehrendorff wrote:
Played the 50,000 a year scenario ended up with 2,366,695 nett11% average gain per year its hard to find property that yield over 6% thats what makes it hard

Yes its a challenge I played again on $50k ended up with $2.579 mil but only 9%interesting

Hi Guys Just had a bit of fun playing the game while sitting in bed getting over the fluI played scenerio 5My results were Starting capital $274kTotal Invested $1.1milNett worth $6.386 millIncrease in nett worth 12%pabought 23 properties compared to the community average of 7Sold 7 properties compared to the community average of 3My average profit…[Read more]

Its an interesting tool to consider and use – check out this link from 2001http://www.wealthtipsonline.com.au/innercircle/hotopic1.htmlcheera

Hi Josh and everyoneI think this now puts a whole new light on matters up in the Bowen basin http://www.dailymercury.com.au/story/2011/09/02/breaking-news-the-state-government-today-cleared/But reading between the lines is interestingcheers

Hi PI 1 My thoughts on Dysart is that it is a HOT market at present – rents have increased and so have market prices – If you are buying now it is certainly at the height of the current market . Still it offers a high return – just be aware that mining town rents and property values can be and are volatileAs far as capital growth is concerned that…[Read more]

hello LeeBased on my experience it would be a CGT event as you have owned the property for more than 12 mths but you need to be guided by your accountant – if you are concerned you could apply for a  private ruling from the ATO.I am interested in property in Moranbah send me a private message if you are thinking of sellingcheers

Terryw wrote:
I did one loan years ago to a unit trust. The daughter had bad credit, so set up a unit trust with mum as trustee, daughter sole unit holder. It got through without them checking.But I think generally they would require personal guarantees from the unit holders as well as the directors of the trustee.So, who are the unit holders?…[Read more]

MikeF wrote:
HiWhats the security for the loan? Is it resi or commercial?

Its Resi – 60% LVR

Terryw wrote:
Who is the borrower?If it is the trustee with the aim to redeem the units then maybe. But if it is any other way then I think not as the unit holders would generally be required to give personal guarantees.

The setup is as follows 1) There is a corporate Trustee – A non trading Company say XYZ Pty Limited2) There is the Unit Trust…[Read more]

codes wrote:
………The house is not much to look at but it is on a corner block on approximately 800 square meters. i was thinking if i can subdivide the back yard from the house and sell it off and using the profit to bring the house into positive cash flow as either a rental or sell using vendor finance. Back to the point, i wanted to get…[Read more]

max147 wrote:
Good Tradespeople in Dysart?Can anyone recommend the following tradespeople for work on IP in Dysart:- builder- tiler- electrician- floor sander- carpet layer- painter   I have used an electrical company & a builder both based in Dysart & I am not impressed.Thanks & regards Max.  

Hi Max – I know a builder (that I have used)…[Read more]

shoooshoo wrote:
I'm a babe investor with my previous investments, i have not done much research, this time i committed to do a good amount of research. thanks for your comments.

Hi again Shoooshoo – good to see you are doing your research upfront that is a wise decision – you said in another post you wanted to find the next Dysart or…[Read more]

Hi ShooooShoooI can only think of one thing to say at this time and that is you can find a million reasons not to invest in an area or you can look for the one reason to invest in an area – Its really up to youcheers

Lolitsalan wrote:
Hello, been reading these forums a lot in my spare time. and wanted to know if building a duplex south of Perth would be a good first IP.Will be close to all amenities. large industrial area close by, school, shop, doctors etc.looking at getting a 450k loan 50k deposit. paying $400-450 per side. $3200-3600/monthLittle about…[Read more]

ydr wrote:
Hi There, I'm a new investor and was looking at Blackwater & Emerald as the rental returns are very good. It worries me that these towns very much depend on the mining industry and I'm scared that if something goes wrong, they will end up being ghost towns. however I've noticed that Blackwater has a Woolworths which is a positive…[Read more]

Daedalus wrote:
Nebo is a funny one. There are a few mines nearby, but it doesn't have a boom feel to it. It is predominantly a cattle town.At the moment there are a number of vacant and unsold houses. Some of these are actually leased though to one of the energy companies.There is talk of Nebo being set up as an 'inland port'. I understand…[Read more]

shoooshoo wrote:
Hey guys, have you considered Blackwater? i'm trying to search for the next Moronbah/Dysart, do you think this could be it?

Hi SHOOOO, Josh and everyoneI agree with Josh – While I like Blackwater I don't feel it will be another Dysart or Moranbah. From my research and experience these are my thoughts – Emerald is a large…[Read more]

KeyStrategies wrote:
Hello JoshTime to remember this quote by Warren Buffet"Be fearful when others are greedy and be greedy only when others are fearful”.

Here is an article that makes interesting reading and should make smart property investors w…[Read more]

Hello JoshI will be renting out the duplex unfurnished – Just about to appoint agents and have been advised that the rental market has moved up again. I can now expect rents of $1900 to $2000 per unit per week – Moranbah is on fire.Time to remember this quote by Warren Buffet"Be fearful when others are greedy and be greedy only when others are…[Read more]

Hi ABCDLooks like the financial experts were on hand to assist – the only other point is that maximum amount of loans a lender will do in one area and that seems to be about $1.5 million per lender – but once again check with your bank or brokercheers