Forum Replies Created
Have you had a look at Richmastery’s REViQ Tony?
Is it for constructing projections or maintaining your portfolio and covering tax implications etc etc
have a look at http://www.excelaustralia.com.au as well, plus Ezy Rent has a good programme available at Peach Home Loans (and posts here)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by tony wpb:Learn about rebates in property. I will explain more shortly…
With the low capital it is more difficult but a rebate could help.
Determine the value of an property only via a recognized bank panel valuer. Valuers can tell you which bank panels they represent.
Your job is to find a property at say $300k , offer about $230K. The contract will be written at $300K with a $70K rebate at settlement. (your deposit) .This way with costs at about say 6% ($18K) your total investment is $8K with borrowings of 80% of val is $240K . The latest article of ‘Sydney prices crash’ should help your negotiations.This would mean you will begin in 20 weeks, so get saving.
Hi Tony
Isn’t there a possibility of some ‘Nasty’ tax implications for the seller with this strategy, how do you overcome that?
I think its an interesting idea though and your software sounds great [thumbsupanim]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsHe Ya go DV
Check out this Thread for a Scenario
Somersofts PIA and something like REViQ are great for projections as well
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsAudrey..
I’m with PropertyWA, she was probably talking about the increase in equity?
I’m also not sure about the $100k per annum comment,we earn “much” less than that and are now on one wage(for the last two years with a new bub), however, in January this year we worked out we had made about $90k in the previous 6 Months (unrealised gains as its equity) and you may be surprised to know that most people who -Gear are in the 30% tax bracket.
Growth of late has seen us pay out one IP in full, then refinance it to a nuetral position for the next IP..Growth also saw us recently refinance and top up the loans to access the equity in our IP’s(now looking at some Managed Funds, another IP and creating a Safety Buffer.
I like SiS’s idea of Nuetral Gearing Or achieving a Balance of Investment Types.
Most of the people who I work with have more disposable income (play money) than we do..but we’re looking at the big picture and as we progress (andlearn from others) things get slightly easier
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorswhat price are you looking for with apartments in Perth Metro..are they managed apartments(old hotels)?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorswhat is folder 2?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorslet make it three
Serviceability [biggrin]
I like Terrys example and it spells it out pretty clear for me (thanks Terry)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by Dr.X:Great post DLPP,
If you read through the threads, there are always people asking where the positive cash flow properties are or whether it’s the right time to buy or trying to predict whether we are heading for a boom or bust. While all these people are speculating and waiting for the right time, others are taking action NOW and profiting. [biggrin]
Market conditons, age, kids and money are all excuses not reasons!
The other day, I was speaking to a friend who said that it’s too difficult to get into the property market because properties are over priced and he can’t afford to. On the same day, I asked my mother in law why she didn’t buy more properties when she bought her home, her response was that she couldn’t afford to. The purchase price for her home was $12,000 in the 1950s.
The take home message here, is there will NEVER be a good time to buy. Property investors have a huge enemy that is bigger than rising interest rates or property booms or busts, that enemy is PROCRASTINATION!!! [biggrin]
Investment Property Management
http://www.adprop.com.auI’m with DrX here
Some of us break through those barriers (we all face them) others give up…nearly every IP I’ve purchased has been a struggle (albeit a worthwhile one).
One of the guys who I infrequently work with when questioned as to how he was going looking for a PPoR said he’d given up; they had saved $10k but decided it was to expensive to buy a property even as first home buyers (both work, no kids) so they used the $10k to buy furniture for thier rental property, this stunned me as i thought -how long and hard would they have worked for that deposit??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI believe that a Charity “can” be a beneficiary, worth checking with someone who fully understands the structures though
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsMAD
Many Additional Dollars
Sounds interesting..where to from here for you?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsGotta admit, I’m with Wylie, it may be worth doing a feasability study to look at converting it to a room and adding a carport or garage out the front at the same time..I’ve seen it done before to both increase rent and value
I’d go through council as well..not worth the drama’s in the long run
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorshave a look at http://www.excelaustralia.com.au or go to Peach home loans for Ez_rents free software (or search here)as well to have a look at 2 others
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsHave you got a link for this from Hans?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsNot the norm for me- Imust be lucky and have had “reasonable” accountants..no dodgy bills for phone calls, writing letters to the bank and such..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI made mine ‘very’ generalised Jaffa as and set up as a sole trader..also set one up through the accountant for a pty ltd with a generalised name (after much trying and variations)that lent itslef to all forms of investing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsDan has posted many great links on this site if you use the search function at the top
regards
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI’ve tried to read Rich Dad Poor Dad two or three times and never quiet “got into it”??
There are many other great books out there though a search on the Forum should provide some feedback on these..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators2.5% to 3% and NEGOTIATE
Most REA’s are desperate for listings and taking to cold calling and other strategies with the lack of properties on the Market nowadays as well the great CG of late meaning more $$$$’s and they want a piece of the action..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by jazzboy323:Hi, I am a newbie to IP. is it the right time to invest now in Brisbane or wait for couple of months ?
I have found a good IP in an good area but stuggling make a buy decision. I have read some articles stating that the interest rate might rise to 10% within next 2 years.
My goal is to keep an IP (townouse) for at least 5 years and sell it for capital gain. [blink] Any opinions is appreciated thx .,,
Just curious as to what kind of Growth you expect in Brisbane in the next 5 years?
In my case I prefer to buy and hold rather than sell; have you done any projections for this IP over 5 years inclusive of Buy/Sell and Holding costs?
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsIn the past Kalgoorlie had a declining Population..nowadays its making a turnaround and like everything else in WA has experienced some great CG recently..times are busy there (I was there this week)yields are still reasonable as well..
As far as Growth Areas..Google is always your friend ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
