the yeild may actually be better if you factor in realistic allowances for vacancies and damage.

Always good to go for the better part of town, the local renters always look here first

Live, Learn and Grow

Lifexperience

find a partner with equity and no income….. theres heaps out there.

Add value to your existing props with reno’s to get more equity.

Trick rich uncles to overpay for all the other houses on the market in your street, then get a valuation.

jparsons,
don’t forget to get the plumber around to change the copper pipe (before the earth bond) for…[Read more]

Sooner one invests, the sooner one gets the magic of compounding.

try 5% growth per annum on one property over 30 years, and look at the value.

then try 5% growth per annum on 5 properties over 30 years and look at the value.

Neutral gear your houses with tax breaks and depreciation and the help of tenants rent, It might not cost you much more…[Read more]

you can compromise with landbanking. Ie: buy a house with a large component of the value/price relates to its potential to build more dwellings on the land.

Townhouses/dual occ. down the track for instance.

As you have worked out land is great and always appreciate in value. But plain and simple vacant blocks are very expensive to own week by…[Read more]

your super might offer a good deal!!

Live, Learn and Grow

Lifexperience

Wezwaz,
I have learnt the hard way of what you write.

Having come flat chat off the back of countless inspirational books and money making novels, I was convinced that 12 months was the most time I would need in the real world to make my millions.

I am not sure if anyone remembers my early posts, but they were through coke bottled rose glasses.…[Read more]

It’s kind of sad that advice is an issue that needs to be regulated and consciously questioned as to it’s accuracy and relevance.

I consider it to be a basic life skill that needs to be learned early.

But, there is still a large proportion of people that believe everything they read, accept opinion as fact and fail to properly research “advice…[Read more]

Deposit Power won’t do bonds for trusts with corporate trustees.

Be careful!

Live, Learn and Grow

Lifexperience

Dazzling,

I love a good trailer. Mine is great because of the yamaha trailbike in it.

7 * 5.

Live, Learn and Grow

Lifexperience

try the vendor finance association website., if you can get through, you may find wrappers ready to help.

Live, Learn and Grow

Lifexperience

Some of the outer suburbs have new developments. You could try finding a display home on a leaseback from the builder. There are a few pos geared.

Or try wraps/lease options on older established homes in cheaper suburbs.,

Good luck.

Live, Learn and Grow

Lifexperience

The vic state govt. are doing similar outrageous things down here.

Gee, it hurts when the accountant is wrong. Sack him!

Maybe consider putting the next property or so into your own name up to the threshold, and go from there.

i feel your pain. Try just to think of it as another cost as an investor. There will always be surprises like bad…[Read more]

As a tenant, I was told early one morning that the builder next door was going to demolish the wall on the boundary.

I promptly told him I needed that wall to hold the garage roof up.

After a few quick phone calls emphasising that it would be hard to find a new tenant with building going on next door and that this wall was of value to my…[Read more]

resort based services, cleaning, mini bars, etc. Now tied in with Breakfree in Australia.

His big stumbling block was liqour licensing laws.

I will get the name of his business for you if it is important.

It is a franchise to hotels and resorts and not so much to everyday consumers, so you may not of heard of them.

Live, Learn and Grow

Lifexperience

a friends father was in a similar spot to you a couple of years back. Running around like crazy trying to break the bigtime with a franchise.

At the time he was on centrelink as he had no income and living at his sons place on 2 minute noodles and running up huge phone bills he couldn’t pay trying to network and grow his business.

A couple of…[Read more]

1969 Holden HR
[cool4]

bought with cash $2000………it’s reliable, cheap and easy to maintain, great for towing and has a front bench seat. Fuel costs a bit though and it has a few rattles.

er, Does anyone know how to convert miles to kms as I have no idea how fast i am going? I found that the police don’t take kindly to me when I point out…[Read more]

Great product, i have used it with no problems and will use it again.

The only trouble is convincing the vendor to accept it. They much prefer cash. It makes for a little bit weaker offer. You could be holding a valuable property for as little as $500 out of your own cash as deposit for months!!!!! beautiful for you as the purchaser!

When using…[Read more]

yeah!!

Live, Learn and Grow

Lifexperience

Yep, Bracksy wants to increase the Land Tax on Trusts by thousands.
Basically the land tax STARTS at 1% of land component.

I posted some links in this thread.

https://www.propertyinvesting.com/forum/topic/18754.html

It really increases the cost of using a trust in Vic for your first few IPs..

Be aware.

Live, Learn and Grow

Lifexperience

Why must the income go to the guarantor of the loan ? If an individual has established a hybrid trust and they have purchased special income units then that individual is entitled to the deduction on the loan taken out to acquire the income producing units.

Coasty Mike, sorry poor wording. My point was that rental income could not be distributed…[Read more]