Forum Replies Created
Hey, Money really does beget Money
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsWith low funds in Super and having seen the years of -returns, my preference is for Property.
You definetly need to factor in many more things when comparing the two though and I’d defer to an someone more experienced than me
Our last IP was purchased for $290k, rents for $300 p/wk and we put none of our own money into the deal, 13 Months later its valued at around $415-420k, the Capital Growth has been great for this property as has depreciation, with it being rented as a Fully Furnished IP.
Great Return on Investment ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators45.6% CG for Perth in the last 12 Months and around 10% in the last 1/4 has done wonders for my portfolio.
Now looking elsewhere though for value as I’ve locked in my Perth profits
[strum][biggrin]
Not
[grrr]
our turn in the sun..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsWhat Bootlace said
)“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorsfrom memory Dolf has a couple of books out (plus a US web-site) he’s into property in Las Vegas in a big way and a few developments…
He’s originally from NZ
Google is your friend so probably best to do a search
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by queengucci:Hi There
I am just wondering we you can claim settlement fees back for eg. stamp duty ect? is it after you have held the property for 5 years?
StampDuty….nope, see 007’s post; Bank Fees etc can be amitized over 5 years, or if you refinance before then they can be added into that FY and the new loan gets amatized
Also, I know improvements are not a tax deducation but what if you have to repaint a property because its tacky and flooboards need rebuffing????
If immediately after purchase……then consider it the cost of doing business and getting it to a rentable state;
If after 12 Months (you may be able to do it earlier, query your accountant though if I were you) then sure…IMO and what i usualy work too so i hope the above is correct
Thanks
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by emptypockets:Just searched the internet and there are places in your area under $300K. I have no idea what you are on about.
[biggrin]
I did the same thing..
Bunbury Prices (and the rest of WA) have been crazy of late..however, if your looking at purchasing somewhere to live rather than rent, then IMHO : Start out Small, build up as you build your equity and look at you options within your investing capability (maybe rent a room or two out to friends) Property Investing is slower and less exciting..but rewarding compared to many forms of investing.
Do you get a good Loan rate with Elders?
How about Access to thier real estate listings ?
Why bother ???????? Sheesh….every loans been a battle for me, but its worth the battle [inlove]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI dont undestand how what you’ve said gets the property into the HDT Trajic??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsYou should be able to download a trial of PIA by Jan and Ian Somers to look at from thier site
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorsoops..just re-read your post, maybe you need to speak to an accountant well versed in HDT’s?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsAgree with Terry, Its most likely to late..the O&A would’ve been done in your name so you could potentialy pay Stamp Duty twice if you now put into the Trust..speak to your accountant
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsGeez Marisa, You’ll have your own Suburb down there soon if you keep going at this rate :o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by crashy:buy a currency pair which pays 6% interest, then leverage it 50x with margin
http://www.posigear.8k.com
Positive Geared Share InvestingHuh ?
What dat ?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsAccountants used to do this in the past and now you need a specialist (Quantity Surveyor).
Would I use one? (Yes)
Do I use one? (Yes)
Who do I use? (Scott from the Forum and http://www.depreciator.com.au)
Am I happy with the service? (Yes)
Should you use one? (How old is the Property, have you done renos?)
Should you use Mine? (search the forums for feedback, look at thier site and make an educated decision IMHO. I use depreciator as i’ve always found the service to be great and Scott a major help to myself and others here)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by vyaw2003:I have a property that only returns 4.4%. Is that too low? I have a loan on this. Should i sell ($120k) and use my money else where? was just worried that i will loose a few $$$ on selling and buying something else. I will make money on this property on its original purchase price.
Any thoughts?What was the plan when you bought it?
What is the properties future potential re: Yield and Capital Growth?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsSearch this forum, theres some information here that may assist..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsREIWA shows the Median at $220k (At JUNE 2006 which is outdated as the market has been booming of late and seeming to slow to a steady pace now )and CG over the previous 12 Months at 41.94% and over Five Years at 20.95%
Great if you bought there 3-5 years ago :o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsTwo that I know of in WA that also get some press are the Hegney Group (Valuers as well) and PropertyWizards
Sorry, never dealt with either…
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsIs this with TAFE Jessica?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
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