If you go to http://www.propertyvalue.com.au you can get a free postcode profile…It gives you a breakdown on the area of interest ie. population, crime etc, however, if you require information relating to median house prices etc you have to pay for it.
Hmmmn…So let me see if have this right then….Under a trust with a company as trustee and say myself and wife as directors of that company, any losses incurred by property owned by the trust could not be offset against our personal income but can be offset against any future income made by the trust…..So what can be offset against our…[Read more]
I am not overly conversant with the ins and outs of companies and trusts but my question is this. What implications are there for a structure where you have a trust with a company set up as the trustee and you and your partner/wife are the directors of the company? Does this negate some of the problems associated with buying property…[Read more]
You’ll have to excuse my computer illiteracy….Thanks for correcting my problem….I have had a good play with ID and I think it’s great, it will become an integral part of my investment tool kit.
Thankyou for your replies Catherine and Tony….I definately can’t wait to have a go with it. I generally use excel spreadsheets and the templates from the Buyer Beware pack to conduct my business, but if the software can make life a little easier that will be grande. As far as the computer upgrade goes, I am toying with the idea of buying or…[Read more]
I am some what in the same situation as a number of people in the forum so it seems…..Several years ago I convinced my wife that it would be good to invest some money in purchasing a trading package from Safety in the Market. Once I had learnt the ins and outs of the trading system I started trading the Share Price…[Read more]
Similar to you, I had a PM who I was really unsatisfied with managing our property in Cairns. I just gave them notice that I would no longer be requiring their services and the reasons why. I had to wait 30 days before tranferring the property over to another PM. Now of course this ruling may vary from state to state but I am certain…[Read more]
May I ask who your solicitor is…Currently looking for a good solicitor who understand L/O and wraps to provide me with contracts for QLD and possibly for NSW.
I don’t want to restrict myself to one particular state just to allow scope for opportunities and I realise that requirements may vary from state to state…..However, this may not be the right approach, I really am in two minds at the moment, I am starting to think may be I am better off focussing on the market that I am familiar…[Read more]
I believe that the tenant would not be entitled to the FHOG until such time they excercise the option ie. they go through the motions of obtaining a loan to purchase the property as well as any concessions they are entitled too.
You have hit the nail on the head…..Why would you invest in a property that would not give you a return better than the banks which would be considered less risk as well.
Also, this one is for you Steve….If you have a look at the Cairns Beach Resort case study solution, it appears as though the figure of $400 for other mortgage…[Read more]
Hi…Just on the topic of investment groups and getting together with like minded people, I am wishing to get together with people in the ACT…I have found a previous thread with details of such a group and sent an email to the recommended contact person but am still waiting for a response….If anyone else is aware of this group in Canberra and…[Read more]
Thanks for your response Rob….As you say I think it’s just a matter of playing with the option figures to achieve a win win situation….I am like you, looking to use the lease option strategy for future investments, I may be wrong but I feel it is a more attractive option (Other than wraps) for potential buyers who find it difficult to save a…[Read more]
Originally posted by crj:
But as Richmond said you need to investigate the town. For almost all my working life (27 years) I have been in towns under 5,000 population. Investors rarely had problems renting out.
Hi People
Just on this topic, I have noted that a number of people have stated varying population sizes as a preference for towns to…[Read more]
quote:
that’s ok comdom I was aware of what i was doing, my quota is complete – $100k for 2 properties, totaling $240 p/wk. i will move on now but felt others should know, this local market won’t last long. J
Hi John
I agree with Condom, you should not publicise an area that you have found to be a great source of positive cash flow…[Read more]
Just wondering how the numbers are worked out for a lease option. I know the purchase price is marked up 20 to 25% or what ever your criteria is. But what I am wondering is how the rent amount is decided. Is it calculated, plucked out of the air, Is there a standard mark up on the rent?
It is so good to be amonst supportive people….I really appreciate your thoughts…..My confidence is really starting to grow and hopefully it will rub off on my wife….I will research to the ‘n’th degree and pass this information onto my wife and hopefully she will become a little more confident with the concepts of…[Read more]