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Good on you Angela,
I and a few others have contacted Empowernet re this service and they said that they have already completed their obligation by offering properties to us. I know of at least 8-10 other people who disagree with Empowernet.
Maybe we can all work together and add more weight to Today Tonight’s story.I agree with lopetha. I have pulled out of deals because of issues with building/pest inspection reports.
It gives you the peace of mind that you are not buying a dudd.G'day Daedalus,
I would like to thank you for putting this very informative post and taking the time to answer people's question.You can try using Nancy Keep of Nancy Keep & Associates. Visit http://www.nancykeep.com.au for more information. She is based in My Waverley. She is very good with structures and investments.
Hi aroverman,
See if you can buy the property subject to a new lease being signed at increased rent. This eliminates the risk that the resort not renewing the lease.
Secondly, be careful of the management fee and body corporate. These can be quite high and affect the net yield.
Thirsdly, signing a long term lease with the resort, may affect the capital growth prospects for your property.
Hope this helps.hi damo001,
You will find most of the supersecrets to real estate on this site. There are thousands of useful threads that you can search through.
All the best!What is ttheir contact detail?
Have a look at ZFX for yield – they paid $1.40 dividend last year and the share is trading just over $10 now.
….a company with unlimited capital to fund all existent, proposed project needs and desires.
May be you should look at bailing out some of the US lenders!Hi crashy,
I think XJO might be falling due to increasing likelihood of an interest rate rise in Australia next month. DOW on the other hand is going up because of talk of 50-75 basis point reduction in interest rate in USA.
I would say you should buy shares when the market has started recovering….it is still in a downtrend and you don't know how much more it will drop. Shares seem to be easily breaking most support levels/trend lines at the moment. I believe all this uncertainty in share market may be a good thing for property market because people will start moving money to property market.
Hope this helpsHi Anthony,
You should take Depreciation into consideration as well for cashflow purpose.
Also, consider Interest Only loan to reduce your repayments (if the loan is not already Interest Only).
Other than that, I think its a good investment and you should hang onto it.Hi Ros,
Just so that you are aware, Real Estate Mastery and Advanced Real Estate Mastery programs are not Tony Robbins seminars. These events are promoted by Empowernet who also promotes Tony's events in Australasia. The problem I have with Empowernet is they have used promoted REM at Tony's events (specially Wealth Mastery) and many unsuspecting Tony followers have assumed it is one of his events.Hi virgininvestor,
You can try Nancy Keep from Nancy Keep & Associates (www.nancykeep.com.au).
I have been using her for many years and am extremely happy. She owns many properties herself and is very good with structures etc. Besides property investment, she can show some other very good investments as well. You can contact her on 03 9544 9577.Wow, Terry and Richard – those are amazing yields.
G'day Jason
Couple of properties I own are returning 10% yield. Positive cash flow properties are there….but not that easy to find. You have to look into some regional towns or as Luke said, be creative. Strata title, subdivide, renovate, corporate lease, lease fully furnished, student lease, short term accommodation, etc. are some ways of improving the cash flow. All these things obviously require more time commitment.
Hope this helps and good luckHi Theresa,
I have used Depreciator few times and am very happy with the service and responsiveness.Hi 9ball,
Property Managers generally charge 7-8% plus GST. And remember, this is a deductible expense for tax purpose.Hi Rising Star,
Few comments:
1. Firstly, congratulations on reducing your loan by $30,000 in 2 months….thats terrific.
2. Make sure you have interest only loan on your current property.
3. With regards to structure, you should consider trust. You will need to speak to an accountant to discuss different types of trusts and which one suits you best. If you are in Melbourne, I can recommend a very good accountant. PM me, if you want.
4. With depreciation, obviously the newer the house the more depreciation you can claim. You can claim depreciation on houses built after 1987. If you are looking for an inner city apartment, you should consider buying in a block < 20 years old.
5. With your current property, given it is an investment property at the moment, look at opportunities to do maintenance now rather than after moving into it. That way you can claim those maintenance expenses.
Hope this helps and good luckRising Star wrote:hey alli am new here.. what is the wealth guardian kit ?
RS
Hi Rising Star,
You can find more about Wealth Guardian at https://www.propertyinvesting.com/resources/products/11Hi CIS,
I also recommend using a property manager to manage the property. As Marc said, it is money well spent. As you expand your portfolio, you will find it hard to manage all the properties because they sometimes require lot of time.
You might want to read this post as well….some interesting reading
https://www.propertyinvesting.com/forums/property-investing/help-needed/4323077
