Forum Replies Created
I bet i know which one is Mel [:p]
Cheers,
sisHi dalderman30193,
You mentioned ” and had then purchased 2 more with my brother.”
Are you wanting to setup some type of structure,
eg, like a trust, since you purchase with your brother?
Just need more info, to help you.
Cheers,
sisCongratulations Stuart
Our Newest Moderator…. Well Done! [:o)][:o)][:o)]
Cheers,
sisHi Celivia,
lol, im not sure if i did write anything like this, though i do give incentives for Property Managers, though i rather Private Message you on this one.
Cheers,
sisHi Port Star,
Just a heed of warning be very careful of investing in Mt Isa, nothing wrong with the area, though i have seen plenty of real estate for sale there latly. Though i could be wrong, if you have a chance it might be better to actually go to Mt Isa and check this one out, i could be wrong, though i have a friend who travels there to work for the mines and has told me such plans that could be occuring in the late future.
Cheers,
sisHi Mel,
The saying on there is very true,
“Investing is about using the market to make money, not about making money the way you think you should.”
By the way Mel, i have found a lender in Australia, who lends in America, very interesting it is, though, im still finding out more information as for the moment.
Cheers,
sisWhat if ?
Kay Henry is really just Kay Henry’s name ? [
]Cheers,
sisHi Troyid,
Depending on if you are just wanting to purchase just +ve cash flow properties, use the Family Discretionary Trust.
If wanting to purchase both -ve and +ve cashflow properties it is ideal to use a Hybrid Trust.
Though not sure what exaclty your interest are, though if you like to invest into all types of investments, ideally again you should use a Multi-Sector Trust
Cheers,
sisWhats your Rent Rule?
Purchase Price / 1000 = The minimal rent. Though you must put a 20% cash deposit to keep the minimal rent on the purchase price.
This rule only applies to -ve geared properties, so the minimal rent you can achieve if you are try to achieve capital gain.
Though the loan must be over 30 years and the loan must be I/O.
eg. $250,000 / 1000 = $250 pw
$250k @ 80% LVR = $200k
So your rent must be a minimum of $250 pw on a I/O Loan. If try to achieve capital gain.
Cheers,
sisThe 1.6 Rule
(Weekly Rent x 1000) / 1.6 = What the Maximum purchase price should be.
Eg. Weekly Rent = $250 pw
($250 x 1000) / 1.6 = $156,250
$156,250 at 80% loan = $125,000
This equals a +ve cash flow property due to its 20% cash deposit.
Cheers,
sisExplanation of Golden Rule Only used on I/O
I found this somewhere but im not sure who to give credit for this, but here is the Golden Rule.
Rent = min 1.4 x interest cost
If rent is $200 pw = $10,400 then Golden Rule says pay max of $106,122 (Yield Return is 9.8%)eg. $106,122 x 7% interest = $7,428 x 1.4 = $10,400
Though the purchase price will adjust dependant on what the interest rates is used on the calculation.
Cheers,
sisHi Guys,
The sis rule is just a real accurate equation for someone who is looking for +ve cashflow property on 7% interest.
Though i thought i would share some other rules that most people dont know and other formulas and caculations.
1. The Golden Rule
2. The 1.6 Rule
3. Whats your rent rule?These are just 3 more rules though, they are pretty dam accurate as well.
Cheers,
sisHi Alwalw,
Congratulations on your success, keep up the good work and let us know how you do. I’m always admired by people who put in not just 100% effort but that extra 110% effort in.
Good luck to you and wish you more success.
Cheers,
sisHey Mel,
dont worry, theres gonna be heaps of posting in the next few days, im gonna dedicate every waking spare minute i have to this forum to catch up to you, even if this means if i get RSI or OOS…
[:p] till then i have some posting to do…
lol cheers,
sisHi Sue,
Insurance is covering it, though we were lucky and almost were not going to be covered as the fire was intentional. This is my partners property, the situation now is, that the property is almost complete, since then, we have been very cautious about bonds and insurance. Though during this period of time, its been a battle to get the insurance company to pay for loss of rent in this period.
Still at the same time, it is a win/lose/win situation, but its still taking its time and process to complete.
Cheers,
sisHi Kay,
Im just in a particular mood at the moment, recently one of my partners tenants burnt the inside of one of her properties. Were more than 80% fire damage was done to the property. Since this happening, we been reviewing clauses and insurance policy agreements. The property will be replaced and rebuilt, but since this happening, we have been more careful and strict on the tenants agreements.
Cheers,
sisHi Kay and Mel,
Im up for a cafe/social drink, anytime or anyplace im happy too. Though ill tell you in a PM, why you will want to shoot me…lol
Cheers,
sisHi WayneL,
I should have mentioned, that i was refering to the breakage of the window. No harm in it, its just if you put yourself in the landlords position. I would strongly take out some bond money, when the tenant moves out.
Though on small problems, i do agree that i would rather the tenant tell the agent and let the agent sought it out.
But due to a damage window, at their fault and there cause, i believe the agent will side you on this.
Cheers,
s.i.stsk tsk… im a bad school boy… lol [:p]
Cheers,
sisSorry Guys and my apology, just checked the ATO website and i am wrong.
Thanks Mel
Anyway here is the link to the ATO website.
Cheers,
s.i.s
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