Forums

September 10, 2008 - 3:08 pm

Thanks, just updated the favourites link to this one 

http://www.wapc.wa.gov.au/Initiatives/Residential%2Bdesign%2Bcodes/default.aspx

It gets even worse, apparently old codes were Residential Planning Codes, new ones are Residential Design Codes and then there's the planned changes for R20

2008 Residential Design Codes

The 2008 R-Codes were gazetted on Tuesday 29 April 2008 and apply to any application assessed from this date.

The change applicable in R20 areas requiring an increase in the average site area for grouped dwelling developments from 450 m2 to 500 m2 does not take effect until 30 April 2009. Applications received up to and including the 30 April 2009 will be determined on the 450 m2 average site area.

September 6, 2008 - 12:58 pm

Hmmm..

Got the same thing when I searched for the older posts..PI.COM must've copped some flack?

Re QLDs 007 Comments I came across an article on the Fair Trading site re the 2 tier marketing titled

Marketeers cop $250,000 penalty, bans

September 6, 2008 - 12:44 pm

You can download the R codes from most council websites

To calculate the land areas applying to each R-code simply divide the number 10,000 by the R-code. For instance, an R-20 zoning, which is common in Perth, would require 500 square metres of land area for each dwelling

Download here

http://www.wapc.wa.gov.au/Publications/37.aspx

August 27, 2008 - 12:19 pm

Martin63 wrote:

Hi All

Ealier this year I attended a seminar by Margaret Lomas and have also read some of her books. My understanding of her investment statergy is to buy cash flow positive properties, instead of positively geared properties, (as according to her the the later are very scarce). She suggests buying property as new as possible and claiming the maximun depreciation on the property to provide you with the positive cashflow.

This all seemed to make sense to me until I read a recent article that stated that any depreciation that you claim on the IP will increase your capital gain when you sell by the same amount. Most depreciation apparently also occurs in the first 5 to 10 years after buying a new IP.

I'm now totally confused. What's the point of claiming the depreciation if you seem to give it all back when you sell the IP.

Love to get some comments

Martin

Hi Martin,

Depends on your strategy as well……have you sorted that one out?

I work with an older investor who refuses to claim depreciation as he believes it will all be added back (in the future if sold), however, we use it to increases our cashflow and therefore holding costs (in the now )

See pertinent comments from Scott as well re fixtures and fittings, as a sidenote we use depreciator for our schedules due to Scotts continual and good natured answering of our inane questions and our experience with the staff sent to do the job

depreciation is a "non-cash deduction" i.e. I would not receive cash in hand but instead it would be deducted from my taxable income, this could potentially put me into a lower tax bracket, it also assists you in regards to future replacement of assets
  

August 27, 2008 - 12:02 pm

Hi Jaffa

Great to see your collection of videos on Youtube for everyones benefit

August 27, 2008 - 11:59 am

artytina68 wrote:

Hi all,

Bought the reno toolkit a while back.  Have been trying to find deals in SE Qld which fit the formulas given by Dean.  I can't seem to find anything which fits the bill.  Has anyone bought and renovated a property using the formulas and made a profit?  Do I need to be looking in other states and if so how do I manage the reno from Qld?

Cheers,
Tina

Hmmmm

What are the formulae? 

We recently purchased a vacant Property in Blacktown Council with a view to Reno (we live in WA), however, decided in this market to just give it a quick tidy (gardens, house clean and an acid wash of bathroom and kitchen) and had it rented within a week of settlement for a 6.3% yield.  The goal with this property having already talked to the council planners is to develop the site in 4-5 years with a Dual Occupancy Development on the site

 Yet to find any great “free” feasibility spreadsheets out there (let me know if you find any), feastudy looks to be a great paid program though see attached courtesy of Metropole http://www.metropoleprojects.com.au/pdf/UnitFeasibility.pdf   PS: Hi Adrian and Amber on the newsletter list as well for RED congratulations and best wishes with your site http://www.realestatedevelopmentclub.com/  

 

July 1, 2008 - 1:53 pm

*Bump* = Refresh Post and BUMP it to the top again

Or Frank could just be feeling frisky?

July 1, 2008 - 1:49 pm

We've used Scott from  Depreciator a number of times and have found that he's happy to chat; he's on this site (and SS) so maybe make contact and ask a question or two…nothing to loose

July 1, 2008 - 1:46 pm

Did you check out BUNNINGS, we've had  luck there?

Ikea has a downloadable planner as well

June 15, 2008 - 2:01 pm

Try RMG Accounting as well in Homebase Wembley/Subi, they deal with a lot of Property Investors including a lot of TIC members

How do you have two (2) PPoR's Mon-Tues-Wed at one Thurs to Sun at the other , I woul've thought you could only have one PPoR ???????????

From memory C&N charge fees for initial chats so tread carefully, they have some great people..make sure you get one if you go down this path

June 15, 2008 - 1:52 pm

phillipchau wrote:

Freya-  I can recommend you to a firm which helped to create me alot of financial freedom- http://www.nexplan.com.au
I had tried a number of companies but didn't really achieve the outcome that I was aiming for until I consulted with Nexplan. Any questions, drop me a line- chau99phillip@gmail.com
All the best.

Had a look at the site; it explains diddly squat?

How did they help, maybe we can all benefit; that is after all why we're here?

Plus I'm not sure whats the go with previous posts…will have to search; suing 007, thats NOT ON, he's one of the good guys?

PS: If its ion print its "libel"

June 15, 2008 - 1:46 pm

WOW

Google really is your friend, you must be impressed as you've prommoted the Bejeezus outa this

http://www.homemove.co.uk/forums/the-go-zone-usa-seminars-1894.html

http://www.totallyproperty.com/buy-let-property/7864-us-government-will-pay-me-36-500-rent-out-property-usa.html

http://www.singingpig.co.uk/forums/1/507663/ShowThread.aspx

Out of my comfort zone Paul, I like it "nice an simple" and would be hesitant about jumping in with both feet (make haste slowly maybe a good motto)

I hope it all works out though

May 5, 2008 - 1:34 pm

Yep, You'll be paying Interest on the $400k as well

Tenant and tax man help

Dont forget Stamp Duty, Loan Costs etc…………

March 14, 2008 - 12:14 pm

kum yin lau wrote:

Hi, I bought the Ed Chan book on super & while it's easy to read, it's a tad too general for my purposes. I would expect at least a couple of appendices on things like contributions tax. I'm still in the throes of a broadsheet to try & decide what savings I'd get from transferring commercial properties into a super fund at the same time offsetting the deducted contributions with the gains made from selling some devt properties.

KY

Maybe try something from Renton, or http://tsg.taxinstitute.com.au/

March 9, 2008 - 12:48 pm

trakka wrote:

Chan & Naylor never claimed to be the cheapest. I have no idea whether they're the best or not, but I'd be willing to bet they're worth every cent they charge. I don't think that debating fees is appropriate in this forum.

Must be the tighta**e in me trakka, its a franchise person you're speaking to in many cities is it not?
 
Who knows if they're up to scratch and is it worth the money to find out they're not (see the tighta**e again..or is it cutea**se, I forget).

After speaking with the Perth branch of I.D some time back, I thought they weren't what I expected and certainly no gems of wisdom ala B.Z , Finance Strategist didn't seem too different to Mortgage Broker (?)

And I enjoy Ed CHAN and Tony MELVINS books (and Mr NAYLOR) and look forward to more of the same re: LOE, SMSF, Finance Strategy etc etc, I believe Tony used to be mixed up with Peter SPANN as well, possibly marketing is a forte' as well?

February 29, 2008 - 1:01 pm

Current portfolio is down at the moment..but ACS was a shining star today, had a look at MAK as its been on my watchlist for a while (no holdings though) and MDX as well

Made some great profits on BHP and FMG recently, but its ALL a learning experience for me in the world of shares, the more i learn the more confusing it gets

February 27, 2008 - 9:25 pm

What made you choose MAK, I'm sure there's a ton of ramping of other stocks as well on Hotcopper?

$50k is a Big Punt (For me anyhow), in JANUARY 2008 they were only 20c and less than that in JANUARY 2007, gutsy bet, I'm glad it paid off for you

February 11, 2008 - 7:28 am

Well Done- Very generous of you Ed  I’ve enjoyed the books as well; look forward to the next installment ;o)

January 1, 2008 - 7:48 am

check out http://www.smartpropertydevelopment.com/checklist as well, though If Bobs willing to lend an ear i'd take up that offer ;o)

December 18, 2007 - 1:44 pm

sorry… google is your friend as well; try a search on Living Off Equity