I would have to agree with CRJ here.

If you sold your property on say 1st July 2007 and made $200K in capital growth… You could reinvest that cash for 12 – 14 months before having to pay the taxman… The old “pay yourself first” strategy.

Yes, you would still have to pay the tax man CGT, but you would have increased your profit.

Who knows,…[Read more]

I’ve got a story…

What about the little Aussie battler…?

Living off compo payments and government disabilities pension
whilst working as a brickies labourer and earning cashies….

His centrelink benefits are geared to pay of his “rent-to-own” property and he sells beer and ciggarettes to underage kids on the side.

Now that’s inspiring.

G’day raddles…

Sounds like it’s “lucky you’re with AAMI“….

(Sorry couldn’t help myself)

Have you considered keeping the cafe for the interim…?

It sounds like you already have a prime location…
Can you work your bottom line a bit more perhaps…?

For eg. Say:
Current turnover $5000
Current costs $3000

Profit $2000 p/w

If you could reduce the overheads to $2500 per week…[Read more]

Mate… you’ve come to the right place.

If you have any questions… post them here… not only will you get one opinion… you’ll get many… it sounds like you’ve already got a great start… esp… if you’re 21, bought in Darwin two years ago… and earning ok cash by the sound of things…

Good onya champ!
Keep it up!

Terry is right…
Normally you can’t avoid stamp duty…

However if it is their First Home…
You are entitled to:
1. FHOG ($7,000) plus
2. Stamp Duty exemption (actually costs about $20)
instead of $1,000s

I know each state’s rules are a little different…
you have to ofcourse take this up with the office of state revenue.

As for CGT…
If…[Read more]

Hi Don…

I would have to say Number 1 is my favourite for a few reasons:

1. It’s simple
2. It’s positive
3. It’s appealing…

I think it’s very the logo is very suitable…
Perhaps ask your web guy to work on the website itself.

Great concept I must add.

great work!

Hi Lesia…

I think it’s fair to say that overtime (especially in capital cities),
the margin between renovated and non-renovated has reduced significantly.

That doesn’t mean that it is not possible to create lucrative deals…
Over time, markets change… that’s inevitable…
We can’t change the market,
but we can change the way we approach…[Read more]

I hate to say it but Robert Kiyosaki….
Even Steve himself mentioned that he starting his wealth journey after one of Rob’s seminars.

Also… Warren Buffet… He’s the world’s most successful investor and 2nd richest man behind William…

I somehow tend to think it wasn’t all just luck.

Dick smith is a legend also!

Hi Chetnik…

The first thing I would do is chat to the council.
Ask about the zoning… is it:
– Low residential
– medium density
– high density
etc etc…
Basically you need to know
Can you build more than a house…?
Two / three townhouses… block of four units…

Always try to use land for it’s “HIGHEST AND BEST USE”…

If they say you can…[Read more]

Hi there…

I think you are on the right track here.
If you’re not to fussy about which property you live in etc…
there are some great advantages…

For eg. if you are to place some good deposits on say 5 investment properties and rent… Perhaps you can then claim your rent as a deduction with your business (plus utilities etc)…

You’re in…[Read more]

Hi guys…

I think what is trying to be said is that there is nothing lost from learning.

Basically… if you are not sure what to do… read, read and read until you can formulate some of your own ideas…
Once you’ve read and understand say 10 books (to start with)…
Then you will know yourself if you are ready to invest or not.

The “secret”…[Read more]

Quite simply…
Why do +ve cashflow in a Wagga when you can do it in a capital city.

Hi Rob….
That block of four units sounds great…
Good price from the sound of things for land content, 4 units plus the shed is a handy bonus..
Could be great to save up and redevelop later on down the track…

Hi Richard…
My broker (mortgage choice) gave me the all clear…
He said CBA was willing to lend 80% if I had enough equity.
I think…[Read more]

Hmmm… haven’t heard of that one…
You can check online reviews etc…

There’s a few free e-books around on the internet..
You can also download a lot of audio tapes thru bit torrent etc..
Not that I would do that personally ofcourse,
but it is FREE afterall

All of these companies debued on the ASX in 2006

NTU, UKL, ERO, WTN, UOG, NRU, UEQ, VMS

I hear VMS (Venture) more than doubled today to 90 cents…
It was at 30 cents not long ago.
A friend of mine had $20K ridin on this puppy…

http://www.smh.com.au/news/BUSINESS/Venture-shares-surge-90-on-discovery/2007/02/14/1171405277124.html

I know this is a property website…
But I would have to say… you are probably better off investing in Australian companies that benefit from the growth of China.

Here I recently did some research of China, Uranium and Australia … Here it is… please note it’s in bullet – point form… so a little broken.

Some of my researched notes…[Read more]

One bedders: Personally I love them…

Even studios… I recently saw one sell for $175K renting at $300 pw proven income in Sydney…
Who cares if it’s a studio… if you can get that good of return on it…

You can get some good deals if you have a fair bit of equity …
because a lot of people CAN’T buy them due to lending criteria…

For…[Read more]

Love the research and figures great work!

So with consumer/personal debt at all-time highs in australia…

does that mean you’ll be investing in one of our favourite four banks?

I tend to agree with LA Aussie:

“Judging by the quick acceptance of your offer” … you’re paying too much.

Negotiate hard ball… Start with the 1%
if they don’t like it, take your cheque book elsewhere.

There’s nothing worse than buying a property at a price that you don’t like.

Remember YOU’RE the customer!

Happy bidding.