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  • Profile photo of AdministratorAdministrator
    Keymaster
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    August 10, 2005 - 7:28 am

    Thanks. I am confused about the FHOG. I thought one of the requirements was you had to intend to occupy the property within the first 12 months. (difficult to say this if buying a property interstate). is there something i am missing about how the FHOG works ?

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    August 10, 2005 - 7:00 am

    Thanks Roy. Do you have any tips of good areas to invest in with good rental returns (assume the house/land package you mention is in Brisbane) ? And/or any good resources to get this info ?

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    August 10, 2005 - 2:57 am

    Ok that makes sense. What about expenses solely incurred for investment before your first investment? As in for preparation?

    I know that travel to the property and phone calls made to agents don’t count. Is this right? What about books to first get you educated before buying your first investment, or internet usage for research purposes? What’s the go here?

    Oh, and could someone explain how it works for a trust setup?

    Cheers,
    Jacob.

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    August 9, 2005 - 1:47 pm

    Not yet and won’t for my first property either, basically because my personal situation doesn’t need for one as of yet. But will do in the future once I structure myself and my finances appropriately.

    And as for the type of trust, well I plan to use a ‘$1’ company as trustee but am not sure of what type of trust I will use. I’ll work on that when the time comes.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 8, 2005 - 12:11 pm

    Thanks man. Been reading that one aswell. Interesting.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 8, 2005 - 2:19 am

    Thanks for your input and may your investments prosper.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 4, 2005 - 5:55 pm

    Similar to your other post but once again a valid point. I guess this is venturing away from the ‘informative’ side of things though.

    There are deals always on the books it just a matter of raising capital, what better way than a syndicate? Well it’s one valid and effective way, and one that might opens up opportunities to invest in projects otherwise unreachable, whether it be due to not knowing or just the pure fear of stepping outside your comfort zone.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 4, 2005 - 12:33 pm

    That’s hectic. Youd have to start somewhere though and eventually get to that stage where you do have a lump amount of cash.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 4, 2005 - 12:30 pm

    I think you’ve got a great idea as we are here to learn, inform and basically just look out for each other. This would just take it to another level where we could feed off each other.

    Cheers,
    Jacob.

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    August 4, 2005 - 9:12 am

    Steve is actually looking to diversify. For those of you that don’t know yet, he is diversifying into agribusiness.

    Just imagine his next book being on commercial property, with the sole purpose of informing us how to add a Chicken or Pig Farm to our ever so growing portfolios.

    It’s all about keeping us amused and informed and to broaden our horizons, to look outside the square and not just get out of the rat race. The sky’s the limit girls and boys.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 4, 2005 - 9:07 am

    A Lease Option Agreement would be more interesting I’d say.
    Something definetally worth looking into, yeah sure would.

    So send me heaps and I’ll create the best one ever.
    All I’ve gotta do is take the best clauses and mix like a DJ.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 3, 2005 - 1:19 am

    You’ve all been great help.
    Thanks for the info, won’t forget.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 3, 2005 - 1:11 am

    Buy a commercial property.
    One that is tenanted.
    And with some time left on the lease.
    Build relationship.
    Organise refurb/renno/touch up.
    Do this in negotiation with rent increase.
    Property value gone up.
    Rent has gone up.
    Business still has premises to occupy.
    Your loan is being payed off.
    And your receiving nice passive income.
    Laughin.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 2, 2005 - 3:46 am
    Originally posted by g7:

    It sounds like a good time to negotiate, either price or guaranteed return, you might pick up some gem investments.

    Good Luck…G7

    Thanks for the response G7. But are you suggesting to negotiate just one or the other?

    I’m waiting for a call back and figure I’ve got nothing to lose and they are looking to sell, so why not negotiate on both variables and see where that takes me.

    After all, that extra passive income could be going into paying off the smaller loan and my bad debts whilst I search for another investment property.

    Then I would have some security behind me and might be able to secure a loan without a guarantor, or de-guarantor the current loan. Yeah?

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 2, 2005 - 3:36 am

    It was down but seems to be working again.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 1, 2005 - 2:55 pm

    LOL Now that’s one lucky bugger. Or something like that. LOL

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 1, 2005 - 12:48 pm

    Hey Richard,

    Thanks man. Another post you’ve come to aid. Appreciated.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    August 1, 2005 - 6:33 am

    Hey Richard,

    Thanks for clearing that one up.

    Cheers,
    Jacob.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    July 29, 2005 - 5:55 am

    Cheers and thanks for your responses. I am now looking into it a little further with grossrealisation’s guidance.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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    July 29, 2005 - 5:52 am

    Cheers mate. I am looking a little further into it with some guidance.

    ‘Stay Happy and you’ll be Perfectly Fine’ – Jack

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