Forum Replies Created
Ben, “multiplication by division” by selling he has realized 20 plus years of positive cash flow (forgetting CG) in 3 months. I guess it all depends on what Dans goals are and what will get him there the quickest!!! Nice one Dan [thumbsup2]
Regards Thomas
Same here, I remember my parents place having similiar issues. However the council paid all costs. And it was right on our fence line. As a matter of fact, they hed to dig up a liitle bit of our side of the fence too? But the main cause of the prob lay just outside…
Cheers Di
Thanks for your info much apprec….Nice One Dazzling
I work in a freezer. It is Minus 25 degrees. we are a national 3rd party logistics transport company, That stores all types of frozen and chilled goods before they reach the supermarket or shop shelves.
Let me take the time to shine the light on a couple of untruths.
1. Going from hot to cold and back again is bad for you.
I & others do it every day hundreds of times
with no ill effect. From minus 25 into plus 40 on occassion.2. The cold is bad for you.
I have worked in the freezer with several flus and colds in my time and have been amazed to find myself recover quite quickly. (This is not medical advice and should not be seen as such) The only reasoning I can find in all of this is that its too cold even for the virus?
Seriously in the 5 years I have worked there, the only time Ive taken off was when the surf was up or during good snow falls……Perhaps dazzling we could form a partnership and freeze your oil and sell at double the price next year>….
Regards ThomasAussie 11 Second properties are still there you just gotta get on your knees and search for them…
e.g What if you bought a block of 8 units? Sold 2 off to pay down the mortgage and make the remaining 6 cash positive?You just gotta get creative.
Dohicky, a valuers opinion doesnt mean you will get that. Perhaps advertise a lttle higher till you make your mind up. If you get a higher price it will make the decision for you.
Sounds to me like you have a choice to make. As Steve suggested on Sunday and on so many othere occasions. There niche is the purchase of multiple properties. And there benefits are quite substantial provided you do it right.
Also sounds like your tax situation is a little scary. you need to sort out your with accountant asap.
Remember to try and educate your self as best you can if you decide to go for multiple properties. In my opinion its the only way to go, like you I am priming myself to take the dive also. Which will be sooner rather then later.
all the best…
ThomasYou have answered your own Question! Nobody can 100% accurately determine when or where prices will rise. At the end of the day if you are relying on other peoples opinions you shouldnt be investing in property. Ultimately it is up to you to to do your own Due dilligence and acertain which of these areas meets your needs. Investing for Capital gains is a good strategy, but not in the current market unless your planning to value add. Id suggest concentrating more on the actual deal first. There is still money out there for the savvy investors. If you cant do it now its very important you get an education first. Because trusting your money to other peoples opinion can only end one way….
Try a few seminars read some books, and what ever you do! DONT BUY SOMETHING JUST CAUSE JOE BLOW SAYS ITS A GOOD DEAL!!!! Especially seminars that end by trying to sell you there properties.DONT BELIEVE THE HYPE. You must do your own independant analysis of the deal!.
The reason you didnt get a response in the first place is likely due to the calibre of your question. Perhaps try “Where do I find statistical data for a suburb so i can research its capital growth for the last 12 months” (do your own due dilligence) And then ask if there are any forumnites with feedback for that area.
Id hate to see you loose money, please take the time to learn about what your trying to do!I can reccommend some material if you PM me.
Regards Thomas
Dean, Nice to hear from someone who has been, I have a few questions…
1. Have you taken his strategy and been able to apply it here?2. Are you currently developing?
3. Was it just food for thought or has it radically changed your mind set?
Regards Thomas
Martins book has nothing about development in it. Its more about mind set I think… I asked martin where i could get his book, he is sending me one for free. try emailing him.
Just got off the phone talking to council planning learnt more in the last 5 minutes then I have In the last four weeks.
Search for potential CF+ deal…. When you leave rent it out. While over seas recieve a few bucks extra weekly… When you come back then sell and take advantage of capital gains…
Just Ideas….Interestingly there appears to be quite a few people from ozzie who have taken the plunge and bought property in the USA, as there are deals there that can be bought as cf+. These deals are no longer in OZ as you have to be a creative and make them cash positive…
There is still money to be made here. IMO at least have a look at the USA on your way over…Nice one dreamer thanks for taking the time to share. Always good to know the deals ARE! out there…
Thomas
Nice one Di, Yes I was looking at subdivision, to cut my teeth on . If you dont mind i have a few questions
1. How long did it take to get 100% approval and complete subdivision?
2. Is possible to find out if property can be subdivided before purchase? And again what is the time frame.?
Resi I tried the local council sites previously and found info on a few things. But nothing from a developers prospective.
It appears that proprty development is a niche with little or no “How To” information available. ie if I was to start a small business there is a million and 1 books on “How to” start a small business. ETC. I accept that to a degree I must take the plunge. But common sense would suggest to read and take on board as much knowledge as possible while attempting this. So I was merely asking if anyone has read anything they can reccommend.
As mentioned Im looking at a potential subdivision property at the moment.
Looks like ill be heading down to council in the next few days like Di…
Thanks Resi And Di.Also Try buyer beware. It has an offer template that you can use when making offers. So there always in writing…
include a time limit ie this offer ends on friday 4.00pm
Yes I totally agree Knowledge is the ultimate power how many times have you looked back on something and thought “If I had only”…
Rank your probably a newbie like me. I used Steves wealth guardian ( youll find it on this site without even trying) it was a bit pricey, but I have no hesitation in reccomending it. As the education I recieved from it was pricless. It wont tell you everything but it will give you a good understanding about corporate trusts and asset protection. Interestingly enough I asked my accountant or soon to be previous accountant some pressing questions relating to trusts. He only really had a basic knowledge of trusts and at times I felt like I knew more then him…. So now Im in the process of talking to somone who specializes in trusts.
ThomasGive them a call I heard there is a ticket available
Thomas
What are your goals? Sounds to me like you want to keep on investing, therefore the choice is an easy one…
Just remember you may be able to avoid 14k in tax but can you out perform that in the long term by multiplying your investments???
Perhaps there are better ways you can structure your investments in the future to reduce your tax bills. ie trusts. Or using partners name.
My opinion TAKE THE MONEY…. Bank what you got till you find your next deal!Thomas
