Forum Replies Created
We bought a Worst House nearly 2 years ago for $158k..
People selling were moving back to NZ and had tried to update it by painting and gave up..paint on the walls extended to the old ruffled carpet, light fittings, curtain rails etc
So we preety much had to re-paint, pull everything up and start again..this carried onto the yards were we chopped down tress, pulled out roots and various other plants, put in retic and lawns etc
Its now renting for $190 (to be reveiwed in June)and was worth $220k when we refinanced all properties for IP#4 (all IP’s are stand alone loans)about 4 months ago, we just had a new valuation (Doing all IP’s to see where we stand) and this came in at $250k
Our last IP though was easy, just a repaint, recarpet and tear up some slate (awaiting Vals over next day or two)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJaffasofts link at the base of my post is great for assessing IP’s also..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDoing the same as Derek, getting valuations done on IP’s as market is still rising here..I’ll then top up loans and then access the equity.
One of the IPs has gone from $220k to $250k in last 4 months
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRead some of Phil JONES books, look at Wealth Spy and get a feel for what will happen in the academy..even in NZ yields are dropping (though still good deals can be found)
Sign up for their free info including the 14 day trial of REVIQ (worth it)
As for +CF speak to Westan etc about deals they are sourcing or investigate Steve’s new area of interest (Developments) via Martin AYLES
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhy not post them for comment?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPlease remember a Family Trust can only carry losses Forward Anita..hence the popularity of HDT’s with Investors as you can Negative Gear
RMG dont do HDT’s..Its worth speaking to a professional and get the right structure for your goals.
Your right Family Trusts are cheaper
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat work mkc
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Terryw:Have a look at Brett Davies Lawyers. they are in Perth. http://www.lawcentral.com.au
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.I’ve heard great feedback about them also..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI can recommend RMG as well and use Phillips services.
Why a Family Trust though..any particular reason?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatormany thanks Muppet
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLooked at Collie about a year and a half ago..some ollllllllllllllllddd IP’s there, nice country side but didn’t sit well with me to buy and hold..should’ve done buy and sold and held for a year or so.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorQV’s ?
Quality Valuations..are the above all available free on the web or similar to RP Data with a service charge?
I’ve found the valuer Generals Office here to be the best bet if you’re not constantly sourcing prices
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTHE Stock Market is for Suckers !
Great post from the other forum and sure to invoke a response from Traders.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator2 to 1 rule..if it is worth $100k it should rent for $200 per week
Please note even Steve has moved on from these deals, If you read his second book and his newsletter archives here you will get an idea of his recent results ;o)
A lot of +CF Investors are also looking in other countries
thanks Cata,
I was looking at a NZ deal in a major area as well the other day hence the NZ queries of late.
Would a NZ trust need to be set up for NZ properties or could you establish and use one trust for Aus and NZ IP’s ?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThanks..
Next what are GV’s or RV’s ?
PS- Chris, Weirdly enough Your name came up in an e-mail the other day, you were recommended by a NZ contact
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatortried Martins e-mail..it *bounced* back ??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorsome commonsense from 007 there, great post..
On another note I cant see Perth property getting any cheaper in the coming years..however, your strategy should be one that best suits “you” and your comfort zones
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCata you out there..if so, is this applicable in OZ?
reading Phil Jones new Book (NZ) at the moment and it mentions……..
“” The concept of a Trust is that you sell assets to the trust at market value and set up an IOU. gradually you gift the value of the assets to the trust at $27k per year until the debt has disappeared tax free and you own nothing in your own name”
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDoesnt sound right to me?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
