Hi Steve,

I understand your concerns, but I’m just doing a little ‘Guerilla Marketing’ as per Stuart’s advice!![}]

Thanks for not coming down hard on me []

“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith

Hi,

I believe a lot of people attacking positive cash flow are only thinking along the lines of ‘buy and hold’.

This is definitely NOT the only strategy out there and it is possible to find a lot more positive cash flow properties when you look through the ‘lease-option’ and ‘wraps’ looking glass e.g:

It may be possible to take a 12 month…[Read more]

I Think FW raises a very good point. What works for one person doesn’t neccesarily work for another.

What is important is to have a goal in mind, a strategy to reach that goal, and a system for choosing your desired properties (whether it be residential, commercial, positive cash flow, or capital gain, or a combination of all).

If you have a…[Read more]

Sorry Steve,

I understand the ins and outs of depreciation fairly throughly but don’t quite know how you receive the benefit under a trust structure. Getting back to your example:

Turst Income: $40,000
Trust Expenses: $20,000
Depreciation: $10,000

Nett Trust Income: $10,000

Where does the $10,000 depreciation income go? Does it stay in the…[Read more]

So you can retain the extra $10,000 for future property deals since depreciation is only an on-paper loss?

“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith

Hi Steve,

So is what you are saying that the actual income you receive is $20,000 ($40,000 – $20,000) but you only pay tax on $10,000 due to the $10,000 depreciation?

Cheers

“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith

Have you considered “lease-optioning” or “Wrapping” the property to the “idiot” in the property or maybe a new tenant?!

Never heard of “wraps” and “lease-options” – do a search on this forum using the words “wrap” and “lease option”.

Remember “buy and hold’ is not the only strategy you can use. Get creative and the profits will flow. Nobody is…[Read more]

Hi,

The 11 Second Solution is a form of due-diligence over the numbers of a property (seperate from due-diligence on the physical property itself, and the potential/current tenants).

Essentially you take the rent achievable on the property, divide it by 2 and multiply it by 1000. The asking price for the property should be less than or equal to…[Read more]