ziz!,

Great to see you’re back! I thought you had gone for good. I was actually thinking the other day that it was a long time sinec we haven’t heard from you…

Please stick around and give us some of your opinions….

Cheers,

Pin

Hi Mini,

Thanks for editing your post. I wasn’t going to reply, because I didn’t want to start a bickering. (Quite frankly there is enough of that on the forum as it is). However you make a valid point and I want to aplogise to anyone that was “annoyed” by my post.

It really wasn’t meant that way, let me explain …

When I first read DinoWeb’s…[Read more]

Hi,

quote: I know that they don’t pay stamp duty, death duty, financial transfer tax, land tax and capital gains.

Even though this is true for Kiwis this is not true for Australians investing in NZ. You must declare ALL capital gains in your tax return no matter where in the world you made the gain.

Concerning the Loss Attributing Company I…[Read more]

Hi,

Here are some MUST read sites: (In no particular order)
http://www.strategicwealthmanagement.com.au

http://www.chrisbatten.com.au (IE only)

http://www.macquariegs.com.au

http://www.gatherumgoss.com

They contain HEAP of the BEST info concerning trusts. (as well as other things.) But the best trusts aren’t cheap (about $1000).

If you have any other questions just…[Read more]

Do you see what I mean!!!!

More than 150 people have read this thread since I first put up my post. Only TWO people have aknowledged it and said they would be interested …

Goes to show…

Pin,

Hi Bill,

This thread was hilarious! Thanks for the laugh.

On a more serious note I have asked Steve if he could set up a forum topic called “Valuable info for newbies”, which would be packed with great info, and avoid people asking the same questions over ad over again. I think one of the first threads will be on “due diligence” … []

Cheers,

Pin

Bill,

Can I buy BSSs in Trust?
I am thinking of setting up 2,500 trusts, and buy 4 BSS for each trust.

I did the sums and this will still work great. A trust will cost me $1,000 each to set up so that is $2,500,000 in total; and then I get close to 100 MILLION a year (with the adverstising.)! This is definitely worth it.

I might be able to get…[Read more]

Thanks gus for the tips,

I would still like to hear from Bill, as he is the authority with BSS.

If the same property rules apply, this deal will be even sweeter. I will send over a valuer mate of mine and he will put a “good” value on it. []

Cheers,

Pin

Bill,

Could you please advise us on the “depreciation” schedule for the BSS.

Thanks,

Nom

Again I would check the premiums if I were you.

Pin

P.S: Use the search button. This was discussed about a month ago!!!!

Bill,

quote:I am aware they are all good deals….without exception, each and everyone of them is located on a Bus Route.

Wow, I didn’t know there were some BSS that were NOT located on bus routes.

Goes to show you MUST always do your due diligeance…

Oh yea, I think I recall that those BSS use to be sold by those “special” 2 tier seminars.…[Read more]

Castle Dreamer,

I think you want to check out the Bus Stop Shelters (BSS) that Bill has for sale. It is a much better deal!

When investing in car park spaces, make sure they are sheltered. (open air ones are not as good and if it hails and the cars get damages you could be sued! and even if it is sheletered you have to pay HUGE insurance…[Read more]

Castle Dreamer,

You are a LEGEND!!!

I thouhgt I was good at “thinking outside the square”, but you beat me! Your idea is close to being genius!!!!

WOW, $800 a month x 10,000 that means I will get an extra $96,000,000 (96 MILLIION a year, LOL, this is unreal!!! I think I am going to faint… I am not kidding you I am starting to shake….

(5…[Read more]

Bill! You are THE MAN!

I have been looking so hard for positive geared properties … I spent hours on the net … This is IDEAL.

You know how I warn people about going into *rural* towns and to only buy unless they are ABSOLUTELY sure they know what they are doing. Well this is the answer to their problems… But they better be quick because I…[Read more]

still_in_school,

You will find them again (easily) in about 3 to 5 years time. Be prepared …

Pin

I started reading this thread … Some posts were way too long … I skipped others etc…

However I think I got the general feel for things.

One thing that people don’t realise is that if you want to be a “Steve” you will have to do the things he does and that means giving up your full time job and doing property investing FULL time.

For…[Read more]

For a 17 year old with lots of questions … I feel obliged… (I will try and keep it simple.)

Chtulu,

Welcome to the forum.

quote:and I have been hearing a lot of good things about Negitive gearing, and I want to learn more.

Negative gearing strictly speaking is not a good idea because it costs you money. (That is why it is negative.)

When…[Read more]

quote:opinion?

Each strategy has their pros and cons and I will try and be as balanced as possible…

-ve gearing per say is not a good strategy. HOWEVER -ve gearing with positive cashflow is good. see my other posts on this.

-ve gearing, +ve cashflow

PROs

– Good for high income earners
– Saves money AFTER tax
– Choose the right location and…[Read more]

Hi Wannabe,

The numbers look good … let’s do the maths …

Cost of property = 165,000
Stamp duty = 4,500
Legal fees = 1,000
Mortgage SD + fees = 1,000
Misc = 500

So your total purchase cost is = 172,000

Borrow 100% of 172,000 at say 6% so your annual interest repayments will be:

172000 x 6 / 100 = 10,320 p.a

Your rent per annum will be…[Read more]

Hi Investron,

If you want to find out if a property is positively GEARED do your sums on 100% borrowing.

If however it is a negatively geared property, you can easily calculate how much of your own money you have to put into the deal for it to become positive cashflow.

****
Example

Property costs 300K (all cost included)

If you borrow 100%…[Read more]