Forum Replies Created
I think this game would have been very benefical to me when i was leaving school. but after hearing these and other comments, after doing real life investments, i dont think that the game will be that exciting.
Anyway, If someone wants to play, and has a set, I wouldnt mind trying my hand at it.
Just pm me
or email is fine: [email protected]OOOOH , Darling, Never been called that before
I didnt join the 250k Club, on the night, I dont like doing anything on the impuse. are there seats left?? and who do i contact if i want to join.
It seems like a great idea. but i couldnt do it on the spot like that. 250k, in 18 months, yes please. even if you only acheive 1/2 of that, thats like 125k, now thats gota be worth something.
Is there a thread/ or somewhere that we can discuss Steve Mckinghts book launch??
He said that the slides for the night would be provided for us. how can we access it??Hi,
I am also very interested in investing in the US.
I am particually interested in the example that Steve gave us on that book launch night. Bought a place for 13k, duplex, and renting for 450/month. along those lines.
I am hearing of houses for sale that will collect rent for the less than 100k mark. How difficult would it be for me to turn up with cold hard cash and say i want that property?? No financing, just cash it?? then just collect rent, making sure the place is looked after.and what about tax liens?? does anyone know more about them, or how can we in australia invest in them?
Well i dont know about the land size, but i know in the Runcorn area and surrounds, there are houses for about that price range.
380-450 price point. 16 Km radius from Brisbane CBDSorry if i offended. that comment was made with abit of tongue and cheek
as we all know, there are students of all status and wealth levels.mattnz wrote:There may be a shortage of student accommodation, but they aren't in a position to pay any more for it. There will always be a ceiling.I dont think this is a case for the overseas students, Local yes. but overseas no. Most of them have rich daddies with very deep pockets.
I think that it is with everything else, realative to demand.
Hi, I am also interested in investing in NZ. If there is coog properties there, lower price points. and cashflow positive. Than it is only 3hours from sydney.
First, there are a few things i have to get straight in my mind.
1, Is it tax deductable if i went there for a week, to holiday/research property?? I could claim 50% to the ATO as being holiday, and claim 50% on tax right??
2, from what i read so far, it seems like they are going to get you one way or the other, (the ATO i mean). So if its a cashflow + investment, there will tax to pay on this foreign investment, every year. The same thing happens when we go to sell it?? and say, we make 50k in the process. Are we able to not transfer it over to Aust, go overt there and spend it all?, like go over to NZ and book a very expensive holiday, go on a cruise etc. ( Virtually spend all that dough, before the tax man gets their hands on it.)
3. I have heard of companies being formed in NZ, called LAQCs which allows Losses and capital gains to be flowed thru to the shareholders. Which is the best structure for someone with a Discresionary trust to invest in NZ??There are more points but i cant think of them now.
Thanks for any comments
I have just made an offer to buy a unit in Unilodge, the numbers stack up.
With this type of investment studio, Do you think its necessary to do a building and pest report?? It looks too small to do, i dont imagine that the inspectors will give me a discount for such a small place, there isnt that much work to look at.
Any thoughts on this?? its not like its a house or a townhouse that has many rooms to inspect. almost all 4 walls are common!!Any thoughts on this???
BrisbaneAndy wrote:G'day TLC,I personally love student accommodation as an investment although it does add an extra thing to research ie the uni/college that the students are attending. I have one student acc townhouse that I bought for $188k and rent for $620pwk although I pay all outgoings.
Your example above sounds good to me as long as you're not paying their outgoings (power, phone, internet, etc) but personally I would avoid any investment property that couldn't also be let on a normal lease basis and I personally can't stand some of the studios currently available and felt claustrophobic just inspecting them (unilodge goes down to 18sqm!).
One word of warning though, don't count on any capital gains; it's even possible for them to depreciate over their lifetime so make sure the cashflow is worth it.
Good luck and hope that helped a little,
Andy
Thank you for your input. First thing is the positive cash flow. if there is an appreciation of price its a bonus.
Unilodge is managed by a corporation, that doesnt allow any persons other than students to stay there. Even owners!! And yes some places ar very small.
I am not paying for any outgoings, only water, rates and strata. even if one had to pay, one would include them in the rent and make a profit on that too right??Anyway, Where will i find more investments of this sort?? are there special agents that specialise in stu accom in sydney or other capital cities??
Thanks again for your imput. i really appreciate it.
Is there a condition that says that i couldnt bid and buy it, hold it for 6 months and sell it for $10,000??
because i probably could look for the $1, plus any transfer fees.
I just couldnt afford to build a house on the land, or want to live there.Im just thinking, if someone goes into something like this blindly, not knowing whats involved, and what the terms are. ( like me) could be a nightmare!!!
Ok, theres something to consider. I have never done a property investment overseas before and not familiar with the pros and cons, Would you educate me?
Some points come immediately to mind are:
1, how to get finance for an overseas property, easy/ hard/ more hoops to jump thru
2, No captial gains tax is a plus. but i heard it is payable when one wants to bring the money back to australia, ??
3, the long tenancy is a great thing, 12 years, but does that mean that the rent dont change?? it stays at $489 per week??
4, taxation laws, regarding income comming from overseas investments, how are they treated and taxed??but thank you for your response. I might have to investigate further
It would really depend on what you are getting for your .88%. thats the real question.
I mean if they want to manage your property, plus support. then yeah its worth it. ( the going rate for agents is about 6-8% plus gst), But, if the support is to find you the property, and give you the profit n loss, sales data, expected rental returns, and some other bogus info, in a glossy folder, than its way too much to pay per year.I Agree with K,
It is all well and good when the renter pays their rent and keeps the property neat and tidy. There are many things to go pear shaped when you deal with renters direct!! How would you confront them for rent?? debt collection is not easy!!! ( i have some experence in that). What happens if they trash the place?? Tenant selection and so on.One big thing for me is rental increases, I increase my rents every 6-12 months, I find having an agent send them a formal letter is much more effective than ringing them up for more money!!! especailly when they have got to know you personally.
I find it much easier for an agent to send me a statement at the end of the year than to try to work out everything myself.
All this for $6-8 dollars per hundred. I think its well worth it. it frees you to work on your next property investment!!!Finally, if you have more than one property, you can get a discount in the management fees. I have with mine.
Another finally- I also bought my first property before the age of 21, so hi five to you nataliebranson.
I have IPs in Brisbane. The legislation states that the landload must provide a certain number of kilolitres of water per quarter, and anything they use above this, they must pay for. My agent is supposed to be monitor this for me and charge the tenant for the usage. but it has never happened. I dont look, i just file the rates notices away every time they come. Meh
Hello
It looks like no body is interested in Student Accommodation.
Maybe some numbers might excite you guys.
Purchase price, $268,000
Rental $495pweek
Strata $906 p quarter
Council $160 p q
Water $130 p qManagement 8%
What do you think?? even if it doesnt appreciate in value over the next 5 years. at 5.5% interest, i still make a 8500 profit ( not accounting for property maintenance and depreciation).
Better than money sitting in the bank right??
Is this still up?? I would love to play this game, Never touched it before. I read RK straight after school but never played the game.
Will email you.
TCL Investments
Or maybe they have too much money comming in, their pockets arent deep enough to hold!!
by the way, im new here, is there an intro thread of some sort??
TCL Investments
as we all know, there are students of all status and wealth levels.
