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Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 5, 2003 - 11:08 am
Dear Felicity,
I think it’s a very good idea, I’ll come. My Name is Rick, my phone numbers are ******* mobile ******.
By the way (and if you read this e-mail on time) why don’t you come to tomorrow’s (Sat-6) first Investor’s meeting, it will be held at Ross House on 247 Flinders Lane starting at 4:00 pm. It’s on the 1st floor (ring the bell 1st Floor front if you are a bit late or call me on the mobile) Ross House is walking distance from Flinders St. Station. If you can make it, bring some friends, your ideas and, why not, invitations for the lunch you are organizing!
Regards,
Rick.
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 5, 2003 - 10:56 am
Dear Bear,
Valid point. When would you suggest future meetings should take place? I still hope you can make it to this one and express your views and valuable opinions,
Regards,
Rick.
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 3, 2003 - 4:51 pm
quote:
Hi Richardo,
Just wondering if your meeting is open to all and any who are interested or invite only? I’d love to sit in and see what everyone has to say and what opportunities are out there for partnerships []
Thanks
Jen
Dear Jen, And Everybody.
Yes meeting is open to all – It’s this Sat. Dec. 6th from 4:00 to 7:00 at Ross House do come! The meeting will be on the 1st floor. If you’re a bit late either call Steve on his mobile or my mobile 0413 217 530 ring the bell (1st floor – front) but try to be on time! BYO soft drinks or tea or coffee. (There’s hot running water and cups). Ross House is at 247 Flinder’s Lane between Swanston and Elizabeth – Just around the corner from Flinder St. Station, so catch the train if you want to avoid parking hassels!
Regards,
Rick.
Dear Westan,
Thanks for your reply. It is a bit dissapointing to receive confirmation of lack of +Geared Properties in Vic. I wonder why that is? And, in answer to your question, firstly I agree that your St Arnaud purchase for 27k – rent 100pw is a good deal, I’d, be happy with something similar.
We are organising a meeting in Mel. (Dec. 6) to form a group of investors. At this meeting I will comment on some of the info you’ve just given me, and I’ll be curious to see what others have to say. I’m sure good things will come out of the meeting.
I can keep you posted with the results if you wish.
Regards,
Richardo.
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Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 3, 2003 - 4:27 pm
quote:
Hiya,
Is there an cutoff age for the ‘Young Investors Group’ I’m not sure where I stand at 31 [][]
Cheers
Soosh []
When a problem is created the solution is created simultaneously
Hey Sooshie!
I’m a bit older than 31 myself! And yet I’ve been made welcome by Steve, so I’ve jumped in! I’m sure everyone else is welcome too! Just by way of clarification, the meeting will take place in the 1st floor, not the 3rd floor as we got a better room! There’s also a kithchen with hot, running water for byo coffee or tea – or soft drinks. Ross House is just around the corner from Flinder St. Station so catch the train to avoid parking hassles!
Looking forward to meeting lotsa interesting people!
Regards,
Rick.
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 3, 2003 - 3:56 pm
quote:
Great idea – just remember that by pitching it to younger people you may cut out those who have years of experience to bring to the table.
I wish you guys every success.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Dear Mortgage Hunter,
Good Point, and I’m sure Steve agrees, as I told him I was interested in joining the group and I’m no longer a youngie! He said that was fine and said I had some good ideas. So everybody is welcome!
Just clarifying:
The meeting will be on the 1st floor. If you’re a bit late either call Steve on his mobile or ring the bell (1st floor – front) but try to be on time! BYO soft drinks or tea or coffee. (There’s hot running water and cups). Ross House is at 247 Flinder’s Lane between Swanston and Elizabeth – Just around the corner from Flinder St. Station, so catch the train if you want to avoid parking hassels!
Regards,
Rick.

Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
December 3, 2003 - 8:12 am
Hi Steve and everybody else!
Just a few notes on our meeting this Saturday Dec. 6th. The meeting will now be held in the 1st floor, which is a better room. There’s hot water but no tea or coffee, so bring your own or soft drinks. I’ll be there at least 15 minutes early. Please try to be on time. If you’re running a bit late ring the “front” bell and somebody will come and get you. Ross House – 247 Flider’s Lane, Between Swanston and Elizabeth is walking distance to Flinders Street Station, so come by train to avoid parking hassles.
Looking forward to meeting y’all!
Rick
Forum Alisas – Richardo
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 29, 2003 - 5:00 pm
quote:
hi richardo
join the rest of us who have found it near impossible to by cash positive in Vic. ewhat sort of return are you after? i’ve found the best returns are found in the west of the state, but even then not fantastic, i haven’t been able to buy anything since June and that was in a smaller town than i would normally go for. It was St Arnaud for 27k rent 100pw (i consider this a good deal). In the previous 18 months i bought 12 properties (thats how much the market has changed).
regards westan
Dear Westan,
Thanks for your reply. It is a bit dissapointing to receive confirmation of lack of +Geared Properties in Vic. I wonder why that is? And, in answer to your question, firstly I agree that your St Arnaud purchase for 27k – rent 100pw is a good deal, I’d, be happy with something similar.
We are organising a meeting in Mel. (Dec. 6) to form a group of investors. At this meeting I will comment on some of the info you’ve just given me, and I’ll be curious to see what others have to say. I’m sure good things will come out of the meeting.
I can keep you posted with the results if you wish.
Regards,
Richardo.
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 27, 2003 - 7:50 am
quote:
Sounds like a great idea. I’m in!
PS. Who’s Vivarto?
Dear James,
Vivarto is a guy who’s starting a NSW group – from memory. Look him up by name through search. he has some terrific ideas. Also email me direct at rickbonelATyahoo.com.au or call me 98133809 or mob.0413217530 as we are alreeady organizing a meeting for the 6th of December.
See ya!
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 24, 2003 - 7:52 am
quote:
Hi Richardo,
I too am new to this and am looking for potential investment partners (my family and friends think I am mad to invest in the country). I’m also in Melbourne and if you are still interested I would like to discuss what you are looking for in a partner?
Cheers!
Minxi []
Dear Minxii,
Sorry it’s taken me a bit to get back to you, I’ve had computer problems, so I traded in for a new one! I think it would be a good idea to get a business partner for the following benefits: Encourage each other to “focus” on the preliminaries and foundations, source and discuss potential possibilities within the bouderies established, formulate concrete strategies and go for it. There are also advantages in forming a group. I’ll tell you more about that when you reply. I hope you are still interested. Please send phone numbers mine are 9813387 Mobile 0413217530
Thanks[]
Regards,
Ricardo
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 24, 2003 - 7:35 am
quote:
Richardo
An option would be where you approach the vendor, outline what you plan to do, and offer to split profits with them when they do onsell. This way, you are not buying it, you are merely ‘carrying out the business of renovating’, and will reap the reward on sale. Perhaps less money for you, but if you take out stamp duty, CGT, and sale fees, it might just be worth it. In this instance, your profit would be declared as income.
Cheers
Mel
Dear Melbar,
“Carrying out the business of renovation” still sounds like a cool idea. I’ll certainly consider this option along with the others suggested to me by other members.
Thanks for your reply,
Regards,
Richardo[]
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 24, 2003 - 7:31 am
quote:
Even if double stampduty can be avoided (as I believe is actually possible under certain circumstances) the transaction between you and the end buyer is likely to become complicated by the resentment rising up in the endbuyer about you making a large profit out of him/her !!
So better to pay the stampduty and have no hassles and problems.
Pisces133
Dear Peter,
Thanks for your reply, you are right, paying the stamp duty and avoiding the stamp duties is probably one of the best ways to go to avoid hassles.
Regards,
Ricardo.
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 24, 2003 - 7:27 am
quote:
quote:
Hi everybody!
It’s very tempting for me to consider the following proposition which I may be in a position to do: Find a property that needs a facelift. Try to get 60 day settlement or more. Organize my renovation quickly and sell. In other words, a “renovation and flip” but you actually sell before settlement so you don’t appear as a buyer. New buyer’s solicitors exchange papers with the solicitors of the original owner, you collect your cut and Sayonara, everybody is happy, specially you since the tax-man hasn’t taken 43% of your profit.
Am I dreaming? Is this legal? And if so, has anybody out there done this or something similar?
How do such earnings get declared? If not illegal, any suggestions for a good solicitor in Melbourne Victoria that may facilitate the above?
Please reply. Thanks!
Spoke to a solicitor recently about this and not to pour cold water on this double stamp duty applies in this and dont forget if you dont find a buyer your stuck bear in mind new purchaser must settle on same day as you called comtemparainious settlement
also you are at risk if sale doesnt go through as the vendor has the right to keep all costs you incourred in renovations
Risky srategy though objective well thought out in my opinion
I got caught out myself in a simalar venture and lost thousands in renovation costs as the vendor turned as extentions for settlement was required
suggest purchase renovate hold one year then sell on benefiting from 50% cgt discount
regards
Dear Always Learning[]
Thanks for your reply, as they say, if it sounds too good to be true it usually… Still, some of the other replies give me a bit of hope in doing things differently, have a look at them. It may all be a question of “massaging” the idea a bit more.
Thanks again,
Regards,
Richardo
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 23, 2003 - 3:09 pm
quote:
Hi Gang
I would love to be in buttttttttt I’m in Vic. Maybe this could happen in Vic, preferably CBD or western side. I’ll be moving to Geelong in December. Any takers out there.
John
Dear John,
Vivarto’s idea is great! And he seems to know what he is talking about. Too bad we live in Melbourne, but maybe not too bad, hey! My point is this. I’m a newby, too and have received an email from another newbie (also in Melbourne) who is interested in joining forces. So lets do that!
Lets invite all Melbournian newbies, mentors, solicitors and acountants (hint, hint) to contact us and lets forma a Melbourne group! my email is [email protected], my pnone is 03-98133809 my mobile is 0413217530.
Hope to hear from you soon,
Regards,
Rick
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 23, 2003 - 2:40 pm
quote:
hey phobia
i am in the same boat as you i live on the gold coast and have the enough resources to buy 1 or 2 investment properties and are very keen on meeting like minded people to create a plan doing the same thing. is there anyone else on the gold coast or brisbane.
simon
Hey, 2muchmoney!
I’m in Melbourne and thinking about getting a group started here. But guess what? I know of quite a few +cash flow properties in Queensland. Some are houses, but there’s also units, duplexes and blocks of flats. I’ve replied similarly to phobia. Maybe I could zip up there and we could all do some business.
Cheers,
Rick
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 23, 2003 - 2:36 pm
quote:
Hey,
This meeting idea is just what us Newbies need. I graduate in a weeks time, but I am very interested in property investing. I have read a heap of books on investing, but Steve’s has been the most informative. I am having a year off next year and then doing a Bachelor of Business at Griffith Uni on the Gold Coast. I have the money to look at about two IP. Is there anyone on the Gold Coast or mabye brisbane who is interested in the meeting idea.
quote:
Count me into. 21 years old 11 IP, aim for 17 IP before the year ends, only been investing for about 8-9 months as well.
What city do you live in S.I.S
Cheers Matt
Hey Phobia,
I’m in Melbourne and thinking about getting a group started here. But guess what? I know of quite a few +cash flow properties in Queensland. Some are houses, but there’s also units, duplexes and blocks of flats. I’ll send a copy of this email to 2muchmoney, too. Maybe I could zip up there too and we could all do some business.
Cheers,
Rick
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 12, 2003 - 4:33 am
quote:
What area (geographical) are you looking into Richardo??
Dear Jaapmeenchi,
I live in Hawthron East, in Melbourne. I see that you are also in Victoria. I have located properties here in Melbourne (through a spotter who also renovates.) Also, through the net, I have located various other properties in other parts of Australia – Queensland and WA.and even as far as Tasmania. Though I cans see that such propositions may pose complications, the obvious one is going to check them out, they may not be a bad idea. I’d be very interested to know a bit about you and your business activities, plans, etc. So why don’t we keep corresponding?
Thanks for your reply,
Richardo.[8D]
Richardo
Member
@richardo
Join Date: 2003
Post Count: 23
November 12, 2003 - 4:18 am
quote:
Hi Richardo, welcome to the forum.
I would suggest that the first thing you do is sit down and write out a plan for yourself. Work out such things as the cashflow you want per week/month etc. Then work out how much equity you want, how much cash etc.
Then start talking to friends/family who might be interested in investing with you.
Cheers
Mel

Thanks Melbar, I will do as you advice. I’m in Melbourne. If you want to tell me a bit more about you and your business activities I’d be interested to know. I’ll keep posting messages with my own progress.
Cheers.