I Recieved Jamies video from this site.. for interest sake, as you can always learn something new..
To me, the video hinted at many things and moved on, to me it *whetted* the appetite and that’s all !
Funnily enough Yesterday i was at the local Library and saw a book Titled “Buyer Beware” by Terry Ryder ( a name few of us have heard of before, i.e “Confessions of a Real estate agent” and he writes in Australian Property Investor )
Look under the section in Buyer Beware
“There’s no such thing as a free Seminar“
And it was funny to read, especially the seminar host/guru saying “Does that make sense” etc..
Who was he talking about ?
Jamie was that you ??
I’m sure there’s valid strategies within the system and jamies good at what he does, as with many other people.. i just worry about some of the companies out there.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
You have somegood ideas..enjoy reading your post’s..
My understanding if the Trust has been set up for specifically hiding assets, then you may still find these assets can be ‘reached’..
Also a question, would the benefits of constructing a Trust be more benefical to the high wage earner, for example, if you’re paying 30% PAYE tax, is a Trust therefore benefical to you, and if so, in what manner ??
The more you ask the more you learn-so i ask []
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Nice area, friends just bought up there ( everyone else..No it’s not a Great + area..just his area he lives in)
The properties do ‘fit’ the Positive ca$h flow scenario ( $45-70 is a big price range thougfh for lower end of the market ?? 25k !!)
How about if you drop in a larger deposit.. covers you in emergencies of all types and improves your cash flow.
$47 a week, that’s okay for your outlay, others have – geared properties that return -$47+
Your expenses , interest etc are deductable also don’t forget..
Research the areas well, look at population trends, average rentals in area etc, and the towns population ( i.e -if a tenant leaves you need to be able to source others, or you’ve got an expensive Holiday home )
Feel free to PM me, i’m in Perth
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Your boyfriend lives in your IP ( Investment Property ) you live elsewhere..’right’ ?
If so, as said by georgisj as long as the rental is at ‘market value’ ( no mates rates )keep good records of rental payments, all bills, phone etc in his name! you should have no drama’s..As for apportioning part of the deductions available, it’s my belief that would only be applicable if you were co-habiting..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Start looking elsewhere if you cannot find anything close to the 11 second rule, however remember it’s only a ‘filtering’ tool to source + cash flow deals.
Try using Steve’s rental yield calculator as well to eavaluate some of the deals your looking at, the more you sit down and put the figures into perspective on each deal and work out any net profit from the deals..or losses, the more comfortable you’ll be at reasearching and evaluating deals..
it’s a ‘learning’ process..even if you’re not ready to buy, start researching deals..try even your local Real estate agents deals..
Work out
what you can afford to loan
Purchase Price of properties
Average rental of those types of properties in the area Deduct
property management fees
Rates ( Shire, Water )
Interest/loan cost’s
Insurance etc
Work out your gains or losses..it’s cost you nothing..
Your just looking AND starting to Learn how to evaluate deals []
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
ELLENBROOK- The new shopping centre starts construction, supposedly MYERS already commited, it’ll become the biggest shopping centre in Perth, Somebody from Multiplex is Changing his farmlet next door to a residential area ( 400 lots i believe ) and another land owner nearby is allready looking at doing the same..
MIDLAND- the Council etc ‘pushing’ for further developements here, Dept Of Land Administration allready here, Police Communications Centre now in Midland..and still cheap too, some social problem’s but hey, it’s not Redfern..
And The South West… Lots planned
The nature of this thread ?
Follow the Big money ?
can’t see it necessarily being ca$h flow positive..possibly ‘great’ growth though []
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Spoke to the In-laws about retirement villages etc, just a converstaion in general, then they brought up the active retirement villages ( for those 45yrs+ ), you get to go on excursions, *ton’s* of activities at the village, pools, recreation room’s, internet cafe, bus trip’s to the casino and movies, and “heaps” of discounts everywhere they go..
Geee… wonder if they give you a discount for booking in early [:p]
I’m up for it !!
seriously, retirement, you just ‘know’ most of us at best will only ever semi-retire..we’re having too much fun.. you’ll still be searching for deals at the retirement village.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
seriously though a portfolio of different properties, all with different values and ‘going on’s’ i’d be like Westan and enjoy the journey as well as the Goal..
enough properties or ‘net worth’ to be able to work where and when you want to, enjoy life, once i’ve helped myself i’m sure i’d be a lot wiser for the journey and be able to assist friends and family []
The investment’s would become the job, travelling around the Countryside looking at opportunities..sounds great to me [^]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
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