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Good luck Brodie,
I've been mainly doing investing in Australia, not so much in the way of investing in USA.
Just curious, what documentation/prrof do you need to ensure that the trip is tax deductible? Also, what parts of the trip can be deductible?
speaking about the carbon tax, check out this cartoon by larry pickering.
Yeah what is Pricefinder, anyway? And how did you get 9 different logins?
I hadn't heard of the Alpha mine and the area before reading this post. Which state is Alpha located anyway?
When I read Steve's book, I also got excited about that section about using trusts to prevent maxing out. I then asked around in the forums, and was told that Steve's exact method doesn't work anymore. I suggest doing what was suggested above then, but have not tried it out as yet.
I used to think socialism was a good idea. I think the underlying principle of egalitarianism is a good idea. BUT, I think in practice the socialist model fails. History has shown us this. Also, I don't think that the means of production belongs in the hands of the government. I believe it should be in the hands of the people, and I think that capitalism is the best way for people to succeed (if they work hard and merit the rewards).
Now, I believe in capitalism, and I think that capitalism is the best way to support innovation, ambition and industry. Nonetheless, I do recognize the limits of capitalism, especially with regards to public goods and social inequalities that may not be simply be overcome by the market.
Hey barkwool,
I've seriously considered investing in NZ, especially since I read that Steve had done so, and I have researched some of the properties there, and the potential yields looked very favorable.
Are you talking about capital gains tax when you sell or when you buy IPs there? I'm curious…
Any chance that he's coming to Sydney?
Also, what's he mainly going to talk about?
are there any apps that are specifically for property investors? or are the apps available mainly for property buyers and research in general
hi reandebris and others,
share your questions and experience and we'll be happy to talk to you
why not start with investing in Australia first, and build your skills here, then branch out internationally but only after you've mastered investing in australia
Belinda,
Since you're looking for a mentor, I thought I'd direct you to this article about how to find a mentor.
4 questions you need to ask of a prospective mentor are:
1.Do they have the type of skills that you are seeking?
2.Do they have the industry or other relevant experience that is useful to you?
3.Do they have referees who are willing to talk to you?
4.Not to be forgotten is the important question: Can I work with this person?
I don't personally know anyone who would do it for free though. Why not offer free volunteer/intern services in return for their mentoring, that way it's a win-win for both of you?
so i guess they used them for capital gains or flips? negative geared investing tend to be really good for those who already have high incomes. Did they have high paying income jobs already?
I'd also be a busy unemployed millionaire.
Of course I'd never have to work for anyone again. So I'd fill up my time with more recreational activities, such as jogging and cycling.
I may also start up some business ventures but related to industries that I'm passionate about.
which suburb is it? If you live very far, there's always the option of trying to renovate it DIY style as much as you can
Joel0430 wrote:Hi All, I'm in a position (finally) to start my property investing journey. I was wondering what's the best way to narrow down a location to start looking? Can anyone suggest some resources or articles that might help? I realise that asking "where is the best place to invest?" is a dumb question, I'm just looking for information / resources that will help me narrow down my search to some places that will suit me and my goals. Cheers! Joel.Joel but what are your goals?
cashflow? capital growth? negative gear? what else?
Since you're starting, it's good to be clear about what you specifically want from your properties, and this will help you narrow down which areas suit your goals.
i also like the look and feel. It is simple to use.
One problem is the issue of loading issues – sometimes the fact that the "What is Happening Now" always dynamically updates, it slows down my computer and creates some errors
duckster wrote:Can we pass on the increased costs to the end user being the tenant ?(with no explanation as we are not allowed to say due to carbon tax rather due to the suppliers of services used to provide accommodation have increased charges to the Landlord which have to be passed on to the end user)
My rates last year went from $400 up to $600 due to my property value increasing. That is a 50% increase in rates.
How would the tenant react if I increased the rent by 50% ?
I probably will try as best as I can to pass on the increased costs to the tenant… that's how i'll try and solve the increase rates and premiums issue
Yes, I'd be wary too about the significant costs about selling your IP and PPOR, and then the buying costs to get a new PPOR. You should really think about whether it's worth upgrading your PPOR and consider your goals.
You may find that the return is not worth it, especially since you'll give up your IP
dual occupancy is a great way to increase your income. I prefr to invest in properties that already have the dual occupancy features – as renovating the home yourself usually takes too much work and costs for me personally
