Forum Replies Created
Arty
Sorry I don’t quite know what you mean!
Cheers
Leigh K[
]Read, learn, grow but most of all do it.
Hi
We own a serviced apartment in Parramatta, witha just over a guarenteed 5% return.
It is going fine, although it is neg geared. My feedback is that properties being purchased now are getting a higher return than we are and we only bought 6 months ago. 10 years sounds safe but it really is a lllooonnnggg time bfore you have real control over it.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
BDM
Thank you for the greatest laugh I have had all week.
I wish I had half of her gumption and unique ability to unite thousands of people to one goal. She is a truely amazing lady. And no it is not me, alas.
It is funny with all that money she is still the every person in the business. She turns up everyday for work although it takes her overseas more often but she still runs a tight ship.
Thanks for the kind words.
Cheers
Leigh KRead, learn, grow but most of all do it.
Fellas
Nhill is a great little town, I have got a wrap there, but it is a loooong way, in this case there is one particular house that has drawn a lot of attention. And I was just wondering if anyone here was going to look at it.
Leigh K[
]Read, learn, grow but most of all do it.
aussierogue
Just to add to the growing list, today I saw the name ” Arianne ” and thought it was a beautiful name, strong individual femanin and shortens well, Ari, Anne, Aria etc.
Leigh K[
]PS: Congratulations
Read, learn, grow but most of all do it.
calron
I found your question most interesting.ajwans
I found your answer very hepful.But I am wondering if anyone has more light to shed on this question as I too am concidering a commercial property.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
I think your experience could be of help to others, would you mind elaborating on how you went about buying the properties and why you think you have “boobooed”.
I am sure others could shed some light to assist your situation also.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
WOW, I thought I was going to need a toilet break reading that.
It amazes me that we get so caught up in, it can and can’t be done. Well they did do it, so it can. Maybe the property cycle helped them achieve their goals but the thing with cycles is that they keep on going around.
Don’t have a defeatest attitude, believe it is always possible, aim for the moon and land in the stars.
Steve and Dave have their own goals, and I know mine are different to theirs so I have no concerns that I won’t buy or wrap 130 houses in the next 3 years.
Plan your own goals work undettered towards them.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
BigTone
Be sure to seek the best professional advice as possible but also beleive inwhat you have learnt. If you feel your professional advice is based on a lack of their information seek advice from some one who really knows.
I have a hybrid trust structure and recently purchased a house with the NAB at 6.05% fixed for 5 years, regular home loan.
However, the reason we have a trust is firstly for asset protection and then for the taxation benefits.
Negative gearing also provides taxation benefits so there is nothing wrong with legally paying less tax if your structure or vehicle allows for it.
There are many very good accoutants who understand the full benefits of a trust, you might want to find one of them. Many have been mentioned on this forum.
Good luck
Cheers
Leigh K[]Read, learn, grow but most of all do it.
Mala
I think John gave a great reply, contact your tenant personally and apologise for the inconvenience they have had and include a gift as well as the rent like movie tickets or a toilet brush in case it happens again![
]Cheers
Leigh K[]Read, learn, grow but most of all do it.
Tassie Devil
That was a FANTASTIC reply, kimkath61 you asked for advice, short of seeking proper financial advice, listen to Tas. The only thing I would add is work out what your goals are, why are you investing and always make sure your investments get you closer to your goal.
pamurph
MONEY MONEY MONEY[
][][]MUST BE FUNNY IN A RICH WOMANS WORLD. SHOW ME THE MONEY[][][]MORE TAX MEANS MORE MONEY.
Having said that their are other ways of minimising tax other than negative gearing, it is called structuring. And welcome to the forum, just in time by the sounds of it.
Cheers
Leigh K[]Read, learn, grow but most of all do it.
Hi wannabe
Welcome to the forum. You haev found the right path for the future of your investments. Knowledge is teh key to minimising risk and error, and you will find great knowledge here.
My thoughts on your situation, work out what your goals, what are you trying to acheive by investing. Then you can determine if the property that you haev is going to get you to your goal.
Spend time learning as it will build you confidence inte decision you will make.
Good luck
Leigh K[]Read, learn, grow but most of all do it.
Hi Gordon
We have recently had our PPOR valued and then set up a LOC attached to our PPOR which we use as deposits for new purchases. So when we find a property we want we go to the bank with the deal and borrow 80% and finance the 20% deposit and purchase costs from the LOC which is also the banks money. But they don’t seem to have a problem with that!!![?]
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
]
