Just an update to this post – over the last month I on boarded the existing members who wanted to stay. There were a few spots left, I and had some PMs from people so those are all taken now, but I had a couple of extra requests, so I asked Pricefinder for more spots. They just said yes and so if people want access they just need to PM or email…[Read more]

I cement bagged my own place – it was easy but messy and cheap as chips. I would not however render it is an art and getting a really good result that lasts is the difference, so I would personally pay a pro to render, or consider doing it myself if just bagging.

PS I think it is about intentions, ie if you bought raw land with intention to subdivide it won’t be cgt it will be income no matter how many yrs it takes. If you can demonstrate it was primarily income producing investment and subdivision is an afterthought I think it might sway the other way but don’t take my word for it I am NOT an expert on that.

I agree with Terry see a good property accountant and lawyer. (he is one of the good ones btw) But I had an investment for a few yrs ago and did this and I didn’t get taxed at income, I got to use CGT discount and apportion the amount of profit based on the percentage of the property that I sold (ie around half). It was a few yrs back not sure…[Read more]

Ballerina I sent you PM.

What type of property is it and what approx price range?

There are a few each have their strengths, if you have a custom plan you could call RP or APM Pricefinder and ask them for a custom solution but it aint gonna be cheap. For just 1 property purchase this wont work you don’t need a mass solution, the benefit is in looking for yourself. If you want free then combine a bunch of sites like sqm, yip…[Read more]

There are a few each have their strengths, if you have a custom plan you could call RP or APM Pricefinder and ask them for a custom solution but it aint gonna be cheap.

:) But make sure they are not bad dudes too. PS great post benny.

P.S. I would say 9 IP’s and 14 renos is more than low level success well done! Have fun deciding on your niche.

Hi @hayzherdman – I have a close friend who has done all of M.Y. program plus used Buyer’s Agents over several yrs and is happy with the service, so I have no scary scam story to tell. But please be aware he is highly focussed on inner city markets. He tends to (from my outside observation) focus high income clients to low risk units in inner…[Read more]

Sorry Arthur I wasn’t trying to be rude but if you read my first paragraph I was actually trying to explain the approximate code we property professionals on the forum try to stick by, given it is an investor forum, and encourage you to become a part of things here. With your 20 yrs experience I think you would have heaps to offer the forum. No…[Read more]

As discussed above there are lots of variable, however in general terms I agree with @dtraeger that 5% is a fairly safe number to model with. If you timeframe is long and your properties are spread around the nation in decent urban areas should be ok. In short bursts individual properties can do much better or much worse. It all depends on where…[Read more]

Arthur you should know this is an investors forum that values membership contribution. Those of us who own related businesses contribute our advice and expertise free of charge over years not months weeks or days because we are investors ourselves and value the conversation plus as a way to give back in a small way. In return those that like…[Read more]

Supply and demand is going to guide end prices. If there is continual supply of cheap land then the only gains are from construction costs rising. I would rather target limited supply locations (more commonly established areas) close to big ticket drawcard items that people want to be close to like train stations, beach, etc. Regular resale of…[Read more]

Update: I have had confirmation from Pricefinder and the old group manager that I will be taking this on. I have been sent the service agreement and will be onboarding members from now onwards. If any existing or new members want to know more please PM or email me. Thanks.

This is old but a start to your google based research
http://somersoft.com/forums/showthread.php?t=34051
and from right here
https://www.propertyinvesting.com/topic/4410828-has-anyone-dealt-with-the-spring-financial-group-or-awa/

Any property marketing firm – if it takes commissions from builders/developers, in my humble opinion is working for…[Read more]

^^ what he said. Added to capital base for reduction of future cg like stamp duty.

If the only tips your financial planner gave you was to buy property and to make it new build then he clearly isn’t much of a help in real estate is he?

I don’t believe people should buy new or build themselves unless they understand what they are doing and why. Building is time consuming and expensive and risky unless you totally know and trust…[Read more]

PS @Benny and mods I assume this is ok but if not please delete. I have been getting emails and PM’s about this group as some members are quite anxious about it closing so I thought it best to make it public.