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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    February 8, 2007 - 12:10 pm

    Hi,

    I am very new to this so dont shoot me down in flames. I just got advice the other night, so I am still processing the info. In fact my “advisor” is probably reading this saying “Ben ben ben….did you hear a word I said?” :-)

    Anyway, its been a long time since I have been to Boulder but when you say WA has peaked, isnt it more so Perth than WA in general? Is it possible that growth will continue as far as Boulder? If so then it would be worth holding onto the property. Although I just checked the growth and Boulder has had 42% growth in the last 12 months

    If the property is Cash Flow positive, wouldnt it make sense to keep the property and use a line of credit on the equity to buy more cash flow positive properties and take advantage of the tax deductions. The advice we have been given is to set up a line of credit and a trust but everyones situation is different.

    Aside from all that, when you say it has 7 – 12% yields, I am curious if that is calculated against your purchase price or current market price? I hear different opinions.

    Go gentle….just learning. :-)

    Cheers
    Ben

    Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    February 3, 2007 - 2:49 am

    Thanks Richard. What I may do is look for a good location between here (Mango Hill) and the city for a group to meet. I will post a time and date and see what RSVP we get and go from there.

    Will see what I can organise. If anyone has any ideas, feel free to email me direct or post your comments here.

    Cheers
    Ben

    Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    February 2, 2007 - 11:53 am

    Hi,

    My wife and I live in Northlakes and would be interested in attending a group meet. Is there some way we can conduct a poll on who would like to attend and where? Maybe if someone suggests a time and location we could organise something. Sounds like there is a lot of interest in getting a group started. I would be happy to assist where I can. I am pretty sure there is a community centre here in Northlakes that we could book etc.

    Cheers
    Ben

    Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    February 1, 2007 - 2:43 pm

    A couple of things. The grooves in the decking definately go face down. They are designed to keep the moisture from collecting on the timber and causing it to rot. Lay it face up and you will get a very short life span from your deck.

    When it comes to staining, I highly recommend SIKKENS. Expensive at about $175 a can but the results are sensational and prolongs the life of the deck. I wouldnt to both sides but definately do the ends and 2 coats.

    Dont apply the stain immediately after laying the deck. Let it sit for a few weeks and wash it a few times. A pressure washer is the best thing to use. (using a bucket of course). They suggest 12 weeks before staining but this is to long as the timber will shrink. As you wash the deck you will see the tanin run out. Once most of that is out then stain it. The end result is fantastic and the deck will last for years.

    Cheers
    Ben

    Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    January 28, 2007 - 1:28 pm

    All the info you need can be found at http://renos.com.au/bargains/vic/

    has all the suppliers in vic courtesy of the reno kings

    Profile photo of mearsbmearsb
    Member
    @mearsb
    Join Date: 2007
    Post Count: 6
    January 15, 2007 - 2:21 pm

    Hi,

    I am extremely new to this and have only read half of Steves book so excuse my dumb question but here it goes…

    Everyone talks about return % or yields. Just wondering how you calculate this. for example your rental return. Does rental return take into account expense, depreciation etc.?

    I have my head around the Cash on Cash Return form Steves book but would like some more formulas if you have them.

    Thanks
    Ben

Viewing 6 posts - 1 through 6 (of 6 total)