Forum Replies Created
Hi Andrew,[
]
New properties have maximum depreciation and repairs are minimised.You can choose the area to build in order to acheive maximum capital growth or cashflow according to your needs.You can also look at areas to minimise vacancy rates. High rental yeilds can be acheived by purchasing in an area at the start of the growth cycle.
I am sure there are other reasons that I cant think of at the moment.Regards
Bryce InglisHi Diamond Gus,[
][?]
You need to get back to basics. To start with identify your goals. What do you want in the short, medium and long term? Which is more important to you, tax reduction, asset growth or return on investment ie cash flow? Are you an aggressive or careful investor?
After these questions are answered then strategies can be worked out for you.
Regards,Bryce Inglis
[email protected]
http://www.ipal.com.auHi Crashy,
Help is on the way. Your appeal is that you have not been corrupted by your industry yet. [][8D][]According to the latest BIS/SHRAPNEL REPORT,
it would be unwise to sell Queensland property at the moment.For further clarification with a state by state summary go to the website below and obtain their latest newsletter [free subscription].Bryce Inglis[
]
[email protected]
http://www.ipal.com.auHi Longinthetooth,[8D]
You are more secure if you,[
]
1. Seek a bank which gives you a written valuation
for an intended purchase, as it ensures that you are paying fair market price.Take note that bank valuations can be 10% below market price.
2. Avoid cross colaterilzation [is there a spellcheck on this].It is safer to have your own home financed with one bank and your investments with another.This avoids losing your home if things go sour, eg illness,losing income ect.Bryce Inglis
[email protected]
http://www.ipal.com.auHi Clarksonsclan,[
]
You could do this very simply by opening any banks website and use their online calculators.
You are in a good position to invest.Bryce Inglis
[email protected]
http://www.ipal.com.auHI Amit,[
]I use Jan Somers PIA PRO which costs around $500.
Other programs available are,PIA PERSONAL..$245
POSH…$200.These are available as trial versions at http://www.business.com.au
Buyers of Margaret Lomas books can download free software by following instructions at the back of her books http://www.edestiny.com.au
There is free software at http://www.ezrent.comregards
Bryce inglisHi Johnny,
Some options available to you are:
1. Convert your super to do it yourself super to receive a return of 17% per annum made up of 6% capital growth and 11-12% cash flow. This effectively doubles your super in 5 years.
You have $200,000 equity in your home which is enough to borrow more than you need if you had an income, so equity is not a problem.
2. The program PIA Pro shows that with using a wage structure of $30,000 (your wife’s income) and $15,000 pension, you could put $150,000 deposit on a $250,000 property which is selected by using highest capital gains as a pre requisite. You would receive $76 per week increasing to $102 a week at year 10. You could easily afford 2 properties. One could be sold to pay out the other on retirement. You also require these 2 properties to have a high yield. This option leaves you with $80,000 to be used as an emergency fund or for other investment streams.
3. invest in a similar structure as that used for super funds to maximise cash flow with capital gains as a secondary consideration. The building of an aged care facility is one of many boutique types of investment which fits these guidelines. This is a good area to be in due to the retirement of baby boomers where demand is expected to exceed supply. This will give a high return with low risk. The project could be a syndicated investment. These are more complex to set up. [] If you would like a copy of the PIA Pro report on the first senario please advise your fax number on the link below. Hope this helps.Regards,
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Angels,
Welcome to Australia.
You may be subject to restictions placed apon you by our FOREIGN REVIEW BOARD.This will be dependant on your status issued to you on arrival.
Their website at http://www.firb.gov.au.will asist you in detail. I reccomend you to their Q&A page,as it might answer some questions simply.
Again welcome and have a happy time investing in Austalia[][][8D]Regards
Bryce Inglis
Hi Westan[
]
If you have an apreaciating asset or a cash producing asset then should it be termed debt.Your wifes credit card could be classed as debtHi Alf,
I am sorry to hear of your experience, A few years ago my wife also lost a lot of money, through bad financial advise.[]
(the money was compensation from an accident which was trusted to a financial adviser to invest)
Please log onto ASIC’s website http://www.asic.gov.au and report your experiences to them. As an investment adviser (property), I am aware of the failings in this industry and am part of a growing band of professionals trying to have regulations put in place to tighten up this industry. At least stay in touch with this forum and hopefully your confidance will return in time as property investment should be a safe and rewarding experience. Self education is invaluable and you have already experienced the worst of it. When entering this industry, my main concern was to find an ethical company to work through(and I came in contact with many that did not have ethical business practices). One of my passions is regulation of this industry.Bryce Inglis
[email protected]
http://www.ipal.com.auHi Crashy,
Thanks for that.[] My area of expertise is mainly with property, and I agree with you on the small educational component in courses in regard to this. I should apolgise to Kamelon also[]for taking over his discussion site with our ‘banter’ on super
Bryce Inglis
[email protected]
http://www.ipal.com.auHi Wisdom,[
]
The property area can be very interesting and rewarding, however you need to tread carefully and educate yourself, but do be aware of costly seminars and sales orientated seminars. There are a few simple rules that help with property investment such as – never buy without a written bank valuation – land appreciates and buildings depreciate – buy in an area with an increasing population and economic growth etc.
If you would like a mentor, I may be able to help as my wife and I also live in Melbourne.Bryce Inglis
[email protected]
http://www.ipal.com.auhi Chandra, [
]The answer from the ATO & ATSIC is no, however if the company/ trust is set up properly with a “responsible entity” as part of the company structure then as I understand it the company/trust can borrow up to 50% so that the title would show the joint owners to be xyz super fund 50% and xyz person(s)50%. It is the xyz people who can borrow. Now having said all that I am an investment advisor in property & super is not my area of expertise. You will need to get expert advise from a financial adviser from a company such as the one listed below or another financial adviser before doing anything.
Bryce Inglis
[email protected]
http://www.ipal.com.au
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