Forum Replies Created
Hi Ajae
I have a SMSF now looking to purchase our second IP. Looking at all regions I hear that Moranbah is once again in favour. I would be interested to hear your thoughts on purchasing in Moranbah. I have. 5 year plan so looking for the best bang for my dollars and the returns would seem are very healthy. Looking to fatten up my super
Cheers
Hi Matt39
I have been very interested reading your journey with investing and impressed you are starting so early. Wish I had started earlier. I have an IP in Brook St Muswellbrook and looking for some local opinon. The property is vacant and has been since Feb. It is a 3brm in the heart of town. What are your thoughts on the outlook for the coal jobs. I am still very confident the Hunter will come back into vogue so just looking for some reasurance from a local
Thanks all for your comments. In answer to all your questions. The SMSF already to go. We are in accumulation phase and have a brilliant acct who is very SMSF savvy.
with regards to my confidence. It is a case of jump in and do it. I am fanatical with my research and currently being mentored by Positive Real Estate. I am taking a lot of ques from the market. The reserve bank leaving interest rates is encouraging IMHO.
Frankly the prices down that way are very cheap compared to other capital cities in the 10-20 km radius. I lived in Sydney for 8 years so everything in Brisbane is value buying. May not last for long.
Thanks again. Really looking for some first hand experience…….
I have just settled our first SMSF property. I have found you will not find a sound one stop shop re setting up your structure. I have one accountant who does my personal tax and another for my SMSF . The accountant I used was Lee and Lee in Brisbane. Very professional. Give lots of seminars and keep themselves up to date. It if feels more like dealing with another property investor.
Very excited to hear SMSF is being reviewed and lending being revisited. Just settled our first place in our SMSF. IMO get the right experts around you. People and companies you trust who will support and facilitate your wealth creation. I really so no future for retail funds giving us 4-5% on a good year then taking their share of fees. Give me rental income and modest capital gains. My accountant feels SMSF's will drive the next real estate boom!
I can recommend Lee and Lee in Brisbane. Experts at SMSF and property. Have just settled on our first IP and loan with SMSF. Very professional and efficient. They can be found @ http://www.tonylee.com.au
Congratulations on your purchase. We have just settled on a 3 bedroom unit in Muswellbrook as well. I have a fabulous PM from John Flood. Her name is Tara and she is managing our renos. She is very efficient and works fast. Number is 02 6542 4500. Let her know the landlord from Brook St recommended her. Looking forward to our rent rolling in and some strong capital gains
Mikko rest assured you are not alone. CC debt is all too common. You are now on the pathway to recovery. Set the goal and do not allow distractions. Make the most of your high income. Work this forum, research all the advice, look into what areas may be a good fit for your goals. SMSF is a sensational strategy unmatched in the tax benefits. Takes a lot of research and knowledge. Get a good team around you.
Good luck
PS I would steer clear of the Gold Coast for a while
Hey Newbie
I am very interested to know how your investment is traveling in M/brook. We have just purchased. Will be settling in a few weeks. Love to hear your thoughts
Cheers
Thanks FinanceShop
I was not thinking of doing one solo. I was thinking the strata managment would attend to having one done and pay via the strata management funds. Is that not the way it should go
Hi Josh. Would love to hear about JV and the numbers
Hi JPR777
Thanks for your insight. I am in the research stage of purchasing in my SMSF. My goals are both CG and CF. I have a a time frame of 7 years to reach my retirement target. The numbers in Kalgoorlie certainly look very impressive. I grew up in Perth and now live in Brisbane so not on the ground reliant on local knowledge such as yourself.
My questions ….
What can expect from tenants eg corporate/private
Found this one
http://www.realestate.com.au/property-unit-wa-kalgoorlie-111405679
Very low entry price as I am looking to purchase 2 properties in different states…What rent can I expect
Are there many corporate rental clients and do they sign for long
If I need to to do any repairs maintenance are trades expensive/ hard to find/
Your time greatly appreciated
I have taken 2 years researching setting up a smsf and moving forward. All the info on this thread is correct. I am with an employer who will not contribute to a smsf. Do not be deterred as there is always a way to meet any challenge. I am simply going to rollover some funds and keep the minimum in my emplyer super to maintain as per the employer request. FYI I am moving my life insurance into my smsf as the premiums are tax deductible. My husband and I have combined our super to form the smsf and plan to purchase multiple positive cash flow properties so my life insurance premiums will be funded by the income from the properties. This releases funds from our daily budget. Happy to discuss my experience with anyone if you pm me. I see some very good times ahead especially as I live in Qld and it seems Qld is finally seeing some much anticpated growth.
Many thanks Janice. I have been working on a SMSF strategy for a long time now and in the final stages of my research so your comments are very reassuring. My risk profile is high so I have not been too deterred in the past by much. I have certainly had a conversation with Josh and will have many more before purchase. Can I ask what suburb is your IP in Emerald ?
Wow that was all very sobering. I have been reading and researching the mining 'boom' in Qld for the last 2 years. I am currently looking at Emerald. Anyone have any first hand experience in Emerald. I have talked to the banks and they are very keen to 'throw money' at Emerald. I figure the bank does more detailed DD then myself and from a much more fiscal perspective. Seems to me there is a huge amount of new development in preparation for the mining ahead. From what I have been reading on blogs etc, hotspotting and financial predictions there seems to be decades left in mining. As someone has already pointed out, in Qld mining is for energy more then construction, or am I simplifying too greatly. I will be purchasing in the next 2-3 months and would welcome anyone's experience
Thanks JT7 can you elaborate on the areas unaffected or direct me to any resources that may make this research easy?
Qlds007 I fully appreciate SMSF are very specialized and would love to discuss other lenders with you. I will pm you…thanks
Hi Everyone
I have been following all the talk about Emerald whist setting up my SMSF with great excitement. I have everything nearly sorted with the SMSF and have decided to go with Westpac for the loan as they are the most experienced with SMSF loans. Now it is raining again in Qld I have lost my nerve a little re the flooding in Emerald but I see lots of you are not concerned and secured your home ins and landlord ins ….
I am looking for some experience from any of you who had IP's in Emerald during the 2010 floods and what can you say about how it all went for you…good , bad or ugly?
I have been researching the regions and SMSF now for 2 years and about to step up to purchase in the next 2-3 months …delay due to rollover hold ups.
Your experiences much appreciated
