Rikky replied to the topic Build unit and sell ? in the forum Help Needed! 19 years ago
Do the Tax effective way you can always buy more property ,. sell front house once unit is finished then live in unit for 12 months then sell that , no tax what an easy way to put capital in your pocket , then re invest
Capital gains you will pay one day . And if the propertys are neg geared you are throughing away money every week.Take advantage…[Read more]Rikky replied to the topic $260,000 to spend!!!!! in the forum Help Needed! 19 years ago
Fair enough , I personally have done this and for me it freed up capital, tax free . Then I put the money back into more property.
Cheers Rick
Monopoly, my favourite game
Rikky replied to the topic Finding positive cash flow properties in the forum Help Needed! 19 years ago
It is easy to find them think different, dont just look at the numbers look to value add or to rent out differently or develop to creat + cash.You guys have read the book , think different . I dont find it hard to find the propertys I find it hard to manage the paper work phone calls finance repairs etc . The propertys are every were I look.…[Read more]
Rikky replied to the topic $260,000 to spend!!!!! in the forum Help Needed! 19 years ago
If you built the unit then sold the front house live in the unit for a couple of years sell that then you would not have to pay tax on any profits.
But would there be a profit?
If so maybe an option to at least make some sort of a gain. All so were do you live , Im in melbourne and will be selling a property that is positive cash flow , the…[Read more]Rikky replied to the topic 11 seconds?????? in the forum Help Needed! 19 years ago
These figures use to be easy to achive once a pon a time. You need to look differently now to achive these figures . Im about to sell a property in melbourne for about 400k that returns about 44k a year but it is a rooming house with 7 bed rooms that are rented out seperately this gives me a good return . But requires about 2 hours of my time…[Read more]
Rikky replied to the topic 11 seconds?????? in the forum Help Needed! 19 years ago
StrawberryBabes,
The easyiest way to understand the 11 second solution , it is a 10% return roughly . Just a easy way for some people to access a deal. I personally half the weekly rent and add 000 to the back of the number to work out a 10% return.
e.g $200 a week rent
Half $100
Add 000 to the back of the numberTotal $100,000 = 10% return…[Read more]
Rikky replied to the topic Sydney – Next Boom in the forum Help Needed! 19 years ago
Michael and Seechange , I liked your thoughts and agree.
Cheers RickMonopoly, my favourite game
Rikky replied to the topic Property Investing sets up bank for USA market in the forum Help Needed! 19 years ago
Steve Would like to hear from you
Monopoly, my favourite game
Rikky replied to the topic Property Investing sets up bank for USA market in the forum Help Needed! 19 years ago
Has anybody heard anythlng?
Monopoly, my favourite game
Rikky replied to the topic Property Investing sets up bank for USA market in the forum Help Needed! 19 years ago
Thanks for feed back
Monopoly, my favourite game
Rikky replied to the topic Property Investing sets up bank for USA market in the forum Help Needed! 19 years ago
Has anyone heard anything???
Monopoly, my favourite game
Rikky replied to the topic IREIG any members in the forum Help Needed! 19 years ago
What time in the day is good to call?
Monopoly, my favourite game
Rikky replied to the topic Need advice in the forum Help Needed! 19 years ago
Joeanne I would sell the property that is taking the money out of my pocket if there is a little profit or equity payout my personal dept and start to look for +cash propertys . Also try to stay away from personal dept it is a big part of being finacially free . Only borrow money for things that make you money, thats my advice .
Cheers…[Read more]
Rikky replied to the topic IREIG any members in the forum Help Needed! 19 years ago
Dr X,
When are you thinking of going over there to the US? I will be heading over myself in approx 3 months.
Cheers,
RickMonopoly, my favourite game
Rikky replied to the topic IREIG any members in the forum Help Needed! 19 years ago
Dr X,
Ok, sounds like I am a little behind. Sorry for not understanding your question. I would still like to have a chat to you as I am still learning about the US market and want to speak to as many people as possible.
Cheers,
RickMonopoly, my favourite game
Rikky replied to the topic IREIG any members in the forum Help Needed! 19 years ago
Dr X,
Westan is someone who can help you with many contacts and I believe he is doing his own tour group in October if he can get the numbers. I dont think he is charging a fee however if you buy properties through him and his team, there is a fee involved. I am also interested in investing in the States and would like to have a chat with you to…[Read more]
Rikky replied to the topic Steven Mcknight buys 30 propertys in USA in the forum Help Needed! 19 years ago
DR.X
I think your right.
Thanks for the feed back.Cheers Rick
Rikky replied to the topic Steven Mcknight buys 30 propertys in USA in the forum Help Needed! 19 years ago
Thanks Steve
Will be looking forward to reading your article,I think I will be pursuing to buy in the US.Have been reading up on some good things people have been doing in buffalo/niagra falls. Im thinking about dallas or houston , my research is pushing me in this direction.
Cheers Rick
Love the game reminds me of monopolyRikky replied to the topic Steven Mcknight buys 30 propertys in USA in the forum Help Needed! 19 years ago
Thanks TMA
I know it is his business. That is why I was asking , just wanted to confirm that it was not a miss leading rumor.
Cheers Rick[drummer]
Rikky replied to the topic Steven Mcknight buys 30 propertys in USA in the forum Help Needed! 19 years ago
Just wondering if anyone knows anything about this weather it is true or has anybody read the artical in the paper
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