Forum Replies Created
I’d also make sure you “actually” paid your partner and had paperwork to support that fact, they also claim it as income.. definetly speak to your accountant and make sure it’s done correctly..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThere’s a lot of problems soon as you post your e-mail address, thats why some people on this forum and others post thier e-mails as joebloggs “at” yahoo.com etc rather than usin @ ..
I’ve replied to those e-mailsfor fun in a similar fashion as you and never had responses either..plus i’ve had banks i dont bank with asking me to ‘update’ my records..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSorry Dazzling I should’ve been more descriptive; I was thinking about a property we’d looked at recently that needed work, including a lot of work on the tiled roof (loose and cracked tiles, possible water damage )as well as internal renovations and work in the gardens.
The next property at about the same price had a beautiful roof but also needed internal renovations and work in the gardens.
My choice after weighing up other pro’s and cons was the second property as most people ‘expect’ a roof to be sound, spending additional money on the first property as opposed to the second didn’t seem worth it, I wasn’t for a minute considering spending money on a kitchen or bathroom to the detriment of a problem roof ..
Gotta be more careful when I post..[blink]
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 Old School Skata:Be warned tho – you spend time and effort on things which will increase value in a valuer’s eyes – not your own.
EXACTLY..Replacing a roof at a cost of $4000 that has major faults will not increase the value of your IP too much, but spend that same $4000 in the Kitchen or Bathroom and you’ll surely get added value IMO..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThere’s also a “GREAT” post on this forum somewhere..think it started with subject to…?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator12 months from memory is all the grace you get..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorEd BURTON comes across as a pretty smart man to me though?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSome New products…
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSome good tip’s..thanks, keep em coming..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’d suggest you Do a search on the site and contact Cata or Coastymike for some advice also..
Learn about the pro’s and con’s before you move forward
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJust an Update..
I took Marisa’s advice about a year ago and told them I was happy with the current arrangement unless they wanted to terminate the contract.
I pointed out that I needed the 28 days notice as per the agreement if that was the case.
Monday I received this years letter stating ‘we are updating our “Instructions to act as Managing Agent Authorities†and enclose herewith a new authority for your signature.’
Period of Agency is indicated from 1-07-05 to 1-07-07; which doesn’t perturb me too much, a cursory check of the agreement indicates the prices are as the increases they tried before.
I’ll probably remind them we are increasing the rent $15 per week so they benefit there other than that I’m happy with the original agreement.
PK-
No it’s still 8.5% not 9.35% yet.
Interestingly when we let IP 3 I was surprised how negotiable the PM was, as I dropped all pricing on the contract prepared to negotiate up..but they accepted the lower prices..
REDWINGWhat is everyone else paying as this is the norm for WA???
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNot having ever had a rendered property..is it high or regular maintenance?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGot that the other day devilcv8..pretty awesome..had a look at our office and nearby, i estimate the imagery is about 4-5yrs old for our area…
DOLI has one as well, but GOOGLES is better IMO
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 winwinbusinessdeals:Hi Redwing
Im living in this property at the moment Does this mean you loose your FHOG ability then if you have shared equity in the property?
The towns i am looking at have a population of 2000, so I am not sure
You can research these towns by contacting the local shire , searching the web etc look at population growth or decline, economic trends etc.
IMHO though a town of 2000 limits your tenant base.
Out of those 2000 how many own/rent or are of age to own/rent..how big is your tenant pool..all things to considerBut some of the returns in these towns are so good i am tempted
I know what you mean [biggrin] i’ve been tempted more than once and even drove to Collie about a year or more ago and spent the day with an agent looking at properties.
I wouldn’t have been comfortable holding a property there though and ‘many’ needed work. There are plans for a new power station there now and it may have been a good investment, but didn’t fit my strategy or risk profile..The further you go from the CBD the lower the entry costs and the greater the rental return, but in most cases you sacrifice Capital Growth..unless there’s a boom..
I dont like one horse towns, just in case the horse gets up and leaves
Pete
What the mainstream media don’t cover
http://www.prisonplanet.tvREDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPaul TONICH in WA brought in about $1.2 Million last year and is on track to bring in about $1.5 this year..
I know several that make $80k+ , however, the general comments i hear from some is that 20% of the agents make 80% of the money.
Food for thought anyway..considering a “lollipop man” can make $90k a year (see Saturdays West Australian Newspaper).
I see the papers also say an average wage is about $50k p/year..
any thoughts?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhi WWBD..
Congratulations..
I take it this property is now an investment property for your family?
How small are the townsyou are talking about as vacancies can be a problem in many areas, but stick with what you’re doing sofar and research before you jump in..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorMax..it say’s “High Yielding Properties for the astute investor” next to your example..?
It also states..”Buying investment property is not about glossy brochures, its about facts and figures”?
If so it doesn’t gel with your example..
Don’t know you, Nigel or your company just throwing my 2c in and an honest initial impression from looking at the site..
I don’t think there’s any fighting going on as Amused inferred, just debating and opinions..plus you’d be suprised how much better we all know someone after a lengthy discussion on the Forum.
Look forward to more great and helpful posts..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThat’s surprising..what do you think is high(ish) or low?
be gentle to me though..What do you think a ‘average’ Real estate agent earns DVC8?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDamn..Forgot Julia from BANTACS..great site and information..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhttp://www.onlinesuper.com.au is very good also..Barbara Smith turned her $38000 Uni Super into $600 000 in 11 years and now writes books on DIY Super..Her fund made $60 000 profit last year and only paid $95 tax.
Interesting…especially when told DIY is not worth it unless you have $150-200 000 Super to start with..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
