Wealth Accumulator wrote:

millions wrote:
Hi Mathew,My plans are:- Get a new accountant, (i've got a couple in mind) before I do anything discuss my goals with them – unless they hold a financial services licence or a real estate licence they can only advise on tax issues – get the full picture not just tax– No share purchases, offload the…[Read more]

nedkelly wrote:
I have just purchased a couple of bargain properties in Perth 

Why do you consider them a bargain?  Are they below replacement cost or close to land value?  Are the properties further than 20k from city?  Thanks, Linda

Our net worth is 1.2m.  I haven't worked for 9 years (since I was 25) but hubby is working.  We have neg cashflow of about $2k per year.  2 of our properties are development sites.  My husband can stop working once we develop them.  We should be able to keep about 8 units and sell 6 units to pay off developing costs.  The Zoning changes have been…[Read more]

The next meeting will be held on 27th February and further details will be advised a few days before.  Cheers

Thanks Trakka!  You're a star!  Linda

Could someone please tell me the contact details or any other info. for Chan & Naylor in Perth.   Thanks Linda

should i stay or should i go now………If I stay there will be trouble, If I go there will be double……

Try Clayton 0404 401 308 for carpentry and kitchens.  Doc Haywards Plumbing and Gas   0418902715Regards Linda

Details are under Heads Up  Column above, posted by KRS

Hi Matt, Welcome to the forum.

Thanks for reply Dave.  Looking forward to seeing more pic's.

Wow Dazzling, that's brilliant!  What motivates you to continue working as an employee? 

I do love all of your stats Foundation.  Just wanted to let you know I think their will be a slowdown, but not for a couple of years yet.  I also think it would be fairly risky to purchase "any property" right now, and I personally wouldn't purchase today unless I found an undervalued area or property.

An old school friend of mine said 8 years ago he wasn't going to buy a house in Brisbane as he was waiting for the prices to fall and wanted to save up a larger deposit.  In his spare time he studied "shares" and traded.  At the time he could of purchased a decent house in Wishart (9k's from city?).  Now that prices have risen, he still doesn't ha…[Read more]

suavemechanic, I was wondering how you went with a new property manager?  Linda

It sounds like a good plan to me. As you're not planning on selling dev't site in a hurry, I'd also see if your council and planning commission has long term plans to make the density even higher. i have a similar sized block in Perth which you can currently put 3 houses on. The town planner at council says in a couple of years they would like…[Read more]

Hi Steve, best wishes for your wife and your family!  Regards, Linda

Thanks Lisa, it's fun dealing with councils heh!  I hope it all goes well. 

Thanks for sharing your experiences guys!  Did you attend any seminars or purchase anything to prepare you for your development?What is the first thing you need to do after you've purchased your site?  –  ( I have a duplex and triplex site already)  Speak to council town planner, hire your own town planner, hire a good surveyor or something dif…[Read more]

I pretend that I don't like the property and I pick out the faults as we go through.  I felt really uncomfortable purchasing one of our properties as I felt it was on the market too cheap so I told the agent it was to be our PPOR instead of investment.  I always tell agent I've had finance approval as that helps with your negotiations as Marc m…[Read more]