Forum Replies Created
Merry Xmas and Happy New Year westan!
Cheers
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PropertyGuRu
Who want to be billionaire?MAtt I read other wise how do I know they are in Steve MAP program. anyway why don’t you find your own property you are in QLD. All the good properties are there in QLD.
I will leave this saturday but I will be on net and checking forum but not much. [
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PropertyGuRu
Who want to be billionaire?Shaune and Rachel! These two are in Steve program and finding property for others for fees. Am I right?
How you are going buy if you don’t have job?
Good luck with your further studies!![^]
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PropertyGuRu
Who want to be billionaire?[
][] I thought Story is about cigars and Bill Clinton! [][
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PropertyGuRu
Who want to be billionaire?Yes I want them to start new section on my name like Forum fun.. PG Fun… [
] You need a bit more time to get new area name like this..[8D][]So what Job you do? I saw your profile you are in QLD.
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PropertyGuRu
Who want to be billionaire?What is your account number? [}
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PropertyGuRu
Who want to be billionaire?Matt I am very well![8D] I will be away for 2 weeks may be when I come back I see you with 5-6 stars.
[]Cheers
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PropertyGuRu
Who want to be billionaire?Matt,
Once you are Billionaire! You will be knowing what to do with your money! [][]I am telling you this with my experience! [8D][8D][
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PropertyGuRu
Who want to be billionaire?
Well what can i say!nothing to say just post, post and post… [}
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PropertyGuRu
Who want to be billionaire?I thought of coming again back here again say Hi to all. [8D]
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PropertyGuRu
Who want to be billionaire?$1100 for Hybrid Trust ( from good accountant) + $200 for Stamp duty
=$1300
and If you need company as trustee it will cost you $800 to $1200 depending where you get company.
One can start without corporate trustee and can add company as trustee anytime later on.
Did you know the most powerful individual/s in a trust are the principal/appointor, ie, those that have the power to remove/replace the trustee. Do you know the matrimonial implications of having the wrong person appointed to this role ??? Did you know trusts attract land tax on property without a threshold ??? Did you know that if your investment properties are negatively geared for tax, eg, after claiming depreciation, the losses are trapped in the trust and you cannot use to offset against other income ??? Do you know what a family trust election is & when you should make one ???Don’t need to know much of these all if you got good accoutant. But if you read “Trust Magic” as Terryw suggested and couple of other books it’s easy to find answers to these questions. My answer to all these questions are “yes” I know all of this ( I am not accoutant). [
]Cheers
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PropertyGuRu
Who want to be billionaire?I am also using Nick Moustacas.
Cheers
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PropertyGuRu
Who want to be billionaire?Hi Joff,
You are right. Actually you can’t get that high return for that sort of expensive property and now even hard to get this type of return for cheap properties. So we can say it’s really hard to get good +ve cash flow until you don’t put big deposit. But I spoke to one person yesterday she bought IP for 10k spent about 3k on it so lets say spend 15k and rent is 80 per week. I think this is good return.[8D]
Cheers
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PropertyGuRu
Who want to be billionaire?Hi All,
As SIS talk about the 100% loan. So for $200k property we have to borrow 215k after all the expenses.
As every one discussed before on this forum and in books also we read that for 50k property if we have $25 per week cash flow then it’s +ve cash flow property. According to this rule if we are spending about 200k so we should be having $100 per week cash flow for +ve cash flow property.Now for $216k loan is 17359 (P+I) and property expense will be 5445 (including bord corp+rates+insurance+repairs+management fees etc)
520*50 = 26000 rent coming (considering 2 week vacancy)
Now cash flow is = 26000-17359-5445 = 3196
Cash flow per week is $61.
If you want to use Interest only this figure will be a bit more let say $100. which is right cash flow for 200k property according to above rule.
Even if you put 5% deposit numbers won’t change much.
Hope I am clear with my numbers.
Cheers
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PropertyGuRu
Who want to be billionaire?Muppet, [
]Looking at Matt posts for last couple of days we can say he got potential to be forum fun champion. [8D]
Cheers
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PropertyGuRu
Who want to be billionaire?Matt Darling![8D],
I changed it now to make you happy! []I think you can be second Arty here. What do you say muppet?[
][]Cheers[^]
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PropertyGuRu
Who want to be billionaire?muppet,
Join my forum, which I am starting soon Just joking![].I think Arty is very busy with his rats!!!!
Hope to see Arty back soon!
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PropertyGuRu
I will be billionaire soon!
Property Guru:
Se7en starring Morgan Freeman and Brad Pitt is the best movie of all time.I guess you didn’t understand my question.
[8D] Now I won’t explain! Enjoy your time on forum and forget about this post!
PropGuru do u speak english… Just KiddingLearning! Help me! [
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PropertyGuRu
I will be billionaire soon!This post!! [8D][8D]
[
][][]Sorry _se7en_ but why your nick is like that not real name?? [
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PropertyGuRu
I will be billionaire soon![8D][8D]Don’t scare _se7en_. Let him/her ask anything! BTW Rick Otten doesn’t come here much! [
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PropertyGuRu
I will be billionaire soon!
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