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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of SuchySuchy
    Member
    @suchy
    Join Date: 2009
    Post Count: 8
    October 30, 2009 - 11:42 am

    hey, i dont think u'v given enough information about your position for anyone to offer you advice.

    I dont see any harm in buying another property if it's cash flow positive but you have to consider the implications if interest rates were to rise

    Profile photo of SuchySuchy
    Member
    @suchy
    Join Date: 2009
    Post Count: 8
    October 29, 2009 - 4:09 pm
    Kiwi Property Guy wrote:
    marx3bull wrote:
    Your plan looks wonderful. I am looking forward to it. I am looking for a good place to invest so that I can easily make good money. I request all members in this forum to suggest some good place names so that I can go to a deal.

    Check out our latest offer here, good discount below the valuation and cash flow positive as it is, with a good rental upside beyond current rents. Here's the online version of the email that went to our database http://eepurl.com/dMoQ more info and the full property report is available on request.

    in regards to the property u linked to… so you are selling them at 270k even though they are valued at 340k?
    what is the reason for the discount?

    for calculating the cash flow position… 

    assuming a deposit of 10%..
    amount borrowed = 243k x 0.08 (interest rate.. assuming? i got no idea) 
    = 19,440 ~ interest only repayments to bank…

    yearly rent – 420 x 52 = 21,840

    21,840 – 19,440 = 2,400 positive cash flow

    so you'd calculate the cash on cash rate as 2400 / 27k ( + purchase expenses) = less than 8.8%? (you only count pre tax cash flow right cus depreciation tax savings are paid back on sale of the property?) 

     also is this an example of a flip? (your assignment fee of 8,500)

    im reading 0 to 130 properties that the moment and wanna make sure i have everything down.. :)

    is this slightly dated… are +cash flow properties harder to find in todays times?

    thanks

    Profile photo of SuchySuchy
    Member
    @suchy
    Join Date: 2009
    Post Count: 8
    October 29, 2009 - 3:31 pm

    so someone was killed there.. big woop?

    Profile photo of SuchySuchy
    Member
    @suchy
    Join Date: 2009
    Post Count: 8
    October 21, 2009 - 10:11 am

    Wow this is amazing… im ganna withdraw my super and put it all straight into this and make a trillion dollars a year :)

    Profile photo of SuchySuchy
    Member
    @suchy
    Join Date: 2009
    Post Count: 8
    October 20, 2009 - 8:04 am
    Terryw wrote:
    Suchy wrote:
    Im not entirely sure but i believe you have to live in the property for a minimum of 12 months not 6 months before it is CGT exempt 

    Can you back up this claim? I have never heard of anything like this.

    my mistake, ATO says the factors are

    "

  • the length of time you live there – there is no minimum time a person has to live in a home before it is considered to be their main residence
  • whether your family lives there
  • whether you have moved your personal belongings into the home
  • the address to which your mail is delivered
  • your address on the electoral roll
  • the connection of services (for example, phone, gas or electricity), and
  • your intention in occupying the dwelling. "

Profile photo of SuchySuchy
Member
@suchy
Join Date: 2009
Post Count: 8
October 19, 2009 - 11:28 am

Im not entirely sure but i believe you have to live in the property for a minimum of 12 months not 6 months before it is CGT exempt 

Viewing 6 posts - 1 through 6 (of 6 total)