Hi medemoz30084

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.

Hope this helps a little.

Kind regards

Profiteer [biggrin]

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 personal income?…..What if the property owned by the trust are all negative geared, does the loss incurred accumulate?…..So what tax advantages are gained by having it under that type of structure apart from paying tax on any income earnt from the trust at company rates of 30%?…If I have it wrong please advise.

Kind regards

Profiteer [blink]

Hey people great topic…..

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 Index (SPI) and naturally with this came a certain amount of risk. I had a couple of wins, however, the losses exceeded my wins and this has been a thorn in my side ever since. My wife likes security and has developed a bit of a negative outlook on out of the ordinary investment strategies. Having said this though, she has seen the benefits of having IP’s due to having our one and only IP in Cairns. She is keen to buy more property but is stuck on the negative gearing concept because she has not taken the time to educate herself of the different strategies available. I have introduced the wrapping and options idea to her, but I think I took the wrong approach due to my over enthusiastic ways. Her response was ‘it sounds like a get rich quick scheme’ and ‘that we would be taking advantage of people in low socio-economic or financially difficult circumstances’. Anyway, I’ll convince her at some stage. I have continued to press forward with the concepts. I am currently laying the foundations to undertake lease options at the moment ie obtaining contracts etc and getting everything right so my wife will ultimately have a better understanding…..I am predominately the investor in our family but keen to include my wife, as I think it will be something fun for us to do together.

All I can say is that persistence is the key and to assist our partners to overcome fears and to show the benefits of taking action towards a better financial future through investing….Further, I agree that progressing slowly by setting small goals and not making grandiose statements of large portfolios can help.

Best of luck to all for the future….

Kind regards

Profiteer [biggrin]

Hi Shushar

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.

Kind regards

MagnumPI [blink]

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 other contacts for the group, would you be able to provide me with the details please.

Kind regards

MagnumPI [biggrin]

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 invest in. Notably, the smaller the population size the lower the cost of housing (Depending on location of course). Where do you draw the line for when chasing +CF properties on a limited budget and risk higher vacancy rates and the possibility of finding it difficult to sell when the time comes. Any thoughts on this?

MagnumPI (Property Investor that is)[blink]

quote:

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Hi All

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?

Also does the solicitor do up the lease like a wrap contract or is it obtained else where.

Do you know any good sites for more info
s-m-b.com.au is current under construction.

Cheers
Leigh K[]

Read, learn, grow but most of all do it.

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Hi Leigh

From what I understand when considering how much rent should be paid, it all boils down to what you are comfortable with when negotiating the amount with the purchaser….ie create a win/win situation and make a profit at the same time….You have to consider the fact that if you ask too much there will be no attraction for the purchaser and if you ask too little there is no point in you considering the deal…..You need to do the numbers considering several situations and look at what creates a win/win situation. This probably hasn’t helped you out that much but it’s my 2 cents worth.

Magnum [][]