Forum Replies Created
Do they contact you to be in thier magazine?
pinkboy
jasonfonseca wrote:Pinkboy, Could've hedged your spending in MAC camps by buying shares in the company. The share price performed fantastically in the 24 months leading up to their takeover. Could've made all your money back and more. Just a thought.
JaseCurrently charging the mines Accommodation at cost+15%, so I feel that is a reasonable return!
pinkboy
Ahhh, good ol' MAC camp accommodations! I reckon I have paid off 20 odd rooms, and a couple of ablution blocks, possibly the mess and probably the laundry as well for them. The newer camps are quite good, the older camps….well lets just say I am glad to be in my own bed tonight!
pinkboy
Jake H wrote:ive worked for the same builder all through my apprentichip and in july i turn tradesmen and ill be contracting to the same builder. However there is an 80/20 rule that applies and i have to contract to another company 20% of my time. Although im guaranteed work every day the banks still regard me as self employed. i have enough for a deposit now but because of my wage at the moment i can only borrow half of what i can as a tradesmen.Does your builder have any other tradesmen contracting to them? If so, contract yourself to these tradesmen for $1 less than your contract rate on Fridays, then they in turn charge you out to the builder (20%). So Monday to Thursday you go direct to builder (80%). Return the favour as well so other tradesman can get around this rule.
pinkboy
mucyx2007 wrote:Thanks, Marty
I will make sure they know about this, as long as they don't over do it…
CheersYour post has now been publicly recorded as you being an accessory to the crime now, if you advise them to do it, but make it less obvious.
If three cars go through a stop sign, the first at 2km/hr, the second at 20km/hr and the third at 200km/h – which one isnt in the wrong?
pinkboy
Im no expert.
I would think that stamp duty being only a one-off payment and then taken off your gross CGT figure when you go to sell, it wouldnt be included in a net yield calculation. However, it could have a bearing if you were calculating to a controlled timeframe (say 5 yrs), which you could add into the 'annual expenses' divided by the timeframe (5 yrs). That would work for any expense I would imagine (conveyancing and the like).
Again, happy to be corrected. There is probably someone on here who would already have a comprehensive spreadsheet/calculator for net return.
pinkboy
[{(rent x 52) – (all annual expenses) / purchase price] x 100.
Example:
[{($300 x 52) – ($4000)} / $300,000] x 100
[{$15600 – $4000} / $300,000] x 100
[$11600 / $300,000] x 100
= 3.87% net.
Happy to be corrected.
pinkboy
Having done the Ironman in Forster/Tuncurry, I can vouch it is a very nice area, close to nice beaches etc. I guess it would be a little bit of a sleepy town, with a lot of retirees in the area. I know nothing of it’s RE there, haven’t been there since the last IM there in 2005.
You would be hard pressed to even find land in Qld for $100k near coastline.
Pinkboy
If it sounds too good to be true…
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/1/4/1/1
Not sure if this link works from my iPhone, but on the NAB website, do a search for the buying costs calculator. It works out LMI based on the amount you punch in. I wouldn’t say it’s gospel, but good for doing close estimation of purchasing costs.
pinkboy
My current rates vary from 7.16% to 7.36% at the Bank Of Qld. I’m not phased by rates, I know I can do heaps better, but my time vs saving works out to probably a little lower. I have an excellent relationship with our bank manager (wifes best friend, also our daughters are best friends in the same class at school), whom I can call/email at anytime, basically gives free financial advice, and looks over our investments analytically with us to make them happen.
pinkboy
Mackay Regional Council has just released it’s estimates for the region, expecting to double population by 2030. Apparently we need 1200 new homes built per year to keep up with demand. With promising news like this, at least 1 investment in Mackay you won’t go too wrong. 1 minor setback maybe that you can expect some of the most horrendous rates and body corporate prices in Qld.
I think you might be a little short in deposit for industrial property currently, but if you can find someone desperate to get out, now would be a good time to get into the market.
pinkboy
14281239 wrote:I will gain my real estate license at university, there are two units I need to complete that automatically grant a real estate license so that will be no problem, do you think any other licenses would apply? And what would be a good way to start the business? My problem is my age, who takes a 20 yr old seriously in business! I will find a way though
People take people seriously – if they seriously know thier field. I was in a similar position to you, starting a business at 23 in a field that usually require many years of experience and understanding. I by no means know it all, but I feel I know my fair share – and whatever I dont know I research, ask around and sometimes just wing it! Dont let your age be your limiting factor for going out there and having a go. The best advice for a business start up is to get a great team behind you to help you set it up correctly and keep you on the right path. A good accountant, solicitor and some type of business mentor (family or friend) is a good anchor point. Get into business for the right reasons, like better lifestyle and earlier retirement – because goals like to get rich quick and never work again rarely happen! Also, work smarter – not harder!
pinkboy
The website is slightly flawed. I searched our current block we are building on and it is still listed for sale $79k more than we bought it for. We purchased in Aug '09. It also has a $600k improvement on the block, so I dont like anyones chances at picking up the address at its advertised price!!!
Blueboard can be rendered, pretty common for the upper level of homes made of soft construction.
not_so_lucky wrote:The installer will still provide me with a receipt, it will just state that I paid him $7,500, but it will not state that I paid gst (if I choose to go down this path). Also, I have already paid a large sum of money to the installer (and paid gst).So you are going to pay someone in $7500 physical cash? Because if you pay him in any other way, he will end up having to pay GST to the ATO ($6818.18 + $681.82 GST = $7500). I think you're better off paying the $750 extra instead of a messy court battle trying to prove any fault/injury etc down the track should it happen. These cost far outweight a small saving now.
It doesnt matter what the receipt says, if he tries to claim GST back it will only be 1/11 oth the sale price.
pinkboy
I would keep in mind that for the sake of $750, not having any proof of purchase if a. a warrenty claim is required or b. an injury was sustained whilst working on the job or c. an accident happend from a structural shortfall etc, then I suggest you look at your situation a little closer.
You then relieve the installer of any liability and assume that liability. Yu could also risk not having the build 'signed off' dependant on what exactly you are doing. You are also lining someones pocket who may also stall further/not show up too!
His receipt is not even worth a pinch of $h!t, jut a token of satisfaction to you. I would pony up the cash especially if you were seeking compensation and your case goes to court.
pinkboy
I live in Mackay, which development/builder?
Is this your house in Mackay?
I had the guy from Vanalay Constructions in my house, showing him plans etc for our home we are building, but we went with my uncle to build for the ability to help us out a little to get instant equity, so I can purchase a few more IP's. I have been in a Vandalay Construction home, and it was very well finished off. Solid choice.
I have a property in both Beaconsfield and Slade Point which have made significant growth over the last couple of years, and are getting great rental return. Beaconsfield is great as it is what I call '10 minutes to eveything' – beach, town, highway, and has plenty of schools, transport, little shops etc. Slade Point is not too bad of area these days. I run my business out of SP as well, which is (pretty) handy to everything we need.
Jase
