JBS

JBS replied to the topic What to do with 250K but with no borrowing capacity? in the forum Help Needed! 7 years, 11 months ago

Thanks Terry,

Looking at my long term goals setting up a company will happen somewhere along the journey, I see a benefit in setting it up from the first deal however will run this past the accountant hopefully this week if they havnt started Christmas Holidays yet!

Would a company be more flexible in raising capital through JV’s as well? Im…[Read more]

JBS replied to the topic What to do with 250K but with no borrowing capacity? in the forum Help Needed! 7 years, 11 months ago

Hey Tony,
Im looking at a regional property right now to do a reno that has a bit of fat in the deal. Getting a quote to restump it on Tuesday and then price that into my offer subject to building and pest. Obviously the building needs restumping and is in pretty bad condition but just want to make sure. Fingers crossed here.

I have spoken to a…[Read more]

JBS started the topic What to do with 250K but with no borrowing capacity? in the forum Help Needed! 7 years, 11 months ago

Hi all,

As the title states what to do?

My end goal in 10 years is a 200K p.a passive income?

An accountant has advised me to do a couple of renos to “minimise” tax but as I dont have any borrowing capacity Im going to find it hard to fund anything over 215-220. Is this a good idea?

Or should I do a joint venture on a larger deal where my…[Read more]

JBS replied to the topic Question for small-scale developers: what would you do differently? in the forum Help Needed! 8 years ago

Hi Ana,

Have you considered a money partner or JV partner to help you with the deposit and stamp duty? Food for thought.