Forum Replies Created
Hi taylah111
Don’t look at the obvious either, I found a block of units for sale in Armidale far north NSW, 13 units and 5 storage sheds.
On the surface the deal looked like this
13 x (approx) 110pw = $1430/2×1000= $715k
Asking price $675k not bad so far, the 5 storgae sheds were also renting for $150pw each
So now we have 1430 + (150×5) 750=2180/2×1000 = $1,090,000. now thats a deal.Properties can have value other than rent, I am buying my 3rd property in 4 months this week, they all meet the 11 sec sol exactly. They are out there.
I pick my towns by doing a general search on Realestate.com for the cheapest houses and see where they are … then I research the town to see if it meets my criteria. It would be nice if they were all in huge towns with no risk but reality is always different.
Good luck
Leigh K[
]Carve your own path and lead the way …
Hi havenleigh park
I agree with Leah on this one, our “first” accountant told us to buy neg geared for the tax benefits, at this stage we had already been researching on this forum and decided he was the wrong accountant for us.[8] in the corner pocket!
We went to a finacial planner aligned with a major insurer and we got told not to buy property until all of our risk managment was taken care of, he ment buy more insurance [xx(]
Then we went to the best accountant as reccomended on the forum. By this time we were more aware that it was up to us to make the decisions his job is to advise on structure and other strategies.
So always be in control of your own situation, I am really pleased for you that you have got this forum to get true unbiased and sincere advice.
Do as Westan said and do the numbers yourself and determine what you feel the most comfortable with.
And just out of interest when we took our first positive deal to the bank about 4 ths ago, they were very hmmm, well we’ll lend this time, and last week when we took our third positive deal to them our lender was nearly springing out of his seat saying hey did you know that your rent is nearly double the monthly payment, cashflow positive properties are the way to go. We figured the guy had just been to a seminar!
Cheers
Leigh K[]Carve your own path and lead the way …
MrInvestIT
We have got 13 various accounts witht the NAB and have the professional package and we don’t pay bank fees on any of the accounts, of course you still pay govt fees.[
]It has saved us alot of money as we did an exercise during the first year that showed we easily spent the same amount on fees as the package price itself, and we only had 3 accoutns then.
Cheers
Leigh K[]Carve your own path and lead the way …
Fudge
Their are two people on the forum other than moderators, TerryW and Arty, that have hit the 500+ posts and they turn into 4 gold star generals[8D]
Cheers
Leigh K[]Carve your own path and lead the way …
Ben
Dale GG is my accountant and he was referred to me by AD and he is in Qld. Dale is great and so is Sharon who works with Dale to help setup the trusts and stuff!!
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Josh
I did send you an email, but what you posted there made sense and sounded correct of course there are other factors in a deal as you already know but have confidence in yourself I think you are on the right track.
I personally also like land, but there are nothing wrong with units.
Cheers
Leigh K[]Carve your own path and lead the way …
Folks
I have been using this site for some time, it has led me to some interesting finds but in most cases they have been sold long ago, so it is not updated or maintained to well.
Cheers
Leigh K[]Carve your own path and lead the way …
It was the butler with the candle stick!
007
Well down you big teaser… there are newbies all over the country trying to work out what will get you to reveal your story in detail[}
]I wish you the very best of luck, I hope your structure is sorted out fast so that you can capitalise on this little gold vein. I would love to hear more about your journey please keep us posted.
Cheers
Leigh K[]Carve your own path and lead the way …
The other way to see the marketing is that promoting it as such brings out all sorts, the agents don’t care they sell to so this generates interest because of the myth that they are still a bargain.
The up side is that you are pretty well assured that it will sell on the day. As the vendor can’t argue![xx(]
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Maggie
If I was going to live in it I would buy in Frankston, but as an investment I wouldn’t buy in Frankston. They would all be negative geared properties and this doesn’t meet my plan.
If anyone had “recently” bought CF+ property in Frankston I would love to hear about it so that I can be green with envy[
]Cheers
Leigh K[]Carve your own path and lead the way …
My guess is South Australia!
Cheers
Leigh K[]Carve your own path and lead the way …
I find that 4pm and 7pm are the busiest times of day and they do seem slower .. we are going over to broadband next week cant wait.
I do beleive there is a site upgrade coming that will make a significant difference.
Cheers
Leigh K[]Carve your own path and lead the way …
PeterP
The power of competition … I think we are onto something here!!![
][}][][:0)][]Cheers
Leigh K[]Carve your own path and lead the way …
Hmmm! SO am I out of a job
But suddenly comin to Melbourne is looking so expensive huh![
]Cheers
Leigh K[]Carve your own path and lead the way …
Hi Yalata
Welcome to the forum, I hope you are enjoying the book and look forward to your contribution to this forum.
I suggest that you try looking on realestate.com.au do a search by price of regional areas in QLD and see what comes up. As you are from that way you will already know a bit about the areas.
As for finance, brokers (of which there a few on the forum that can help you) banks etc.
I think you would really benefit from taking some time to read as much information on the forum through past posts and really get to understand, structuring, cf+ investing, and working out what your goal is and why you want to do this.
Good luck
Cheers
Leigh K[]Carve your own path and lead the way …
Nothing quite that comprehensive but I do find walkabout.com.au useful most times for an initial source of info.
Cheers
Leigh K[]Carve your own path and lead the way …
You dumb Kiwi’s, Austrian not Australian[
]Cheers
Leigh K[]Carve your own path and lead the way …
Cool Dale GG is my accountant!
He really knows his stuff and he also like a good laugh. He also has written a fantastic book about trusts called Trust Magic, it is a mind blowing read.
Actually I think he is the accountant or has been for most of the Melbourne forumites and some interstaters as well.
Brent
It would all be located in the treasure chest, you can easily do a search and get up to speed. Otherwise a totally invaluable resource is Wealth Guardian on Steves resources page, highly recommended for anyone starting out or setting up their investing structure.Cheers
Leigh K[]Carve your own path and lead the way …
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