Hi Redwing ,

thanks for the tips , i will check them out

“Buy low and sell high”

Hi niniebear,

i have offices in Hong Kong , Singapore and India . What do you want to know? First point there are many Aussie rogues selling property for way beyond what it is worth. At the end of the process you want the buyers to settle

Costs are very expensive you need to be selling a lot more than 4 properties, no offence intended.

The…[Read more]

Great post Derek.

I am at a loss with all the negative comments though?

These mortgagees sales in Sydney should be music to the ears of investors .Why arent we the ones bidding for these properties. Why are we all running to the USA or some bloody place no one other the 24 locals have heard of before.

Havent rental yields dramatically increased…[Read more]

Hello Cazza,

have you done tax variation with the ATO to minimixe your weekly hold cost?

Also i suggest you consider refinancing , there are lenders that would offer 1% off standard variable , just renegotiated myself. This can make a substantial difference. Call SFS 03 9882 3400 they lend on other states as i too have properties in various…[Read more]

I too would like to hear/see your theory …

Hi DraconisV,

if you want to fast track your entry time a few suggestions.

Learn about rebates in property. I will explain more shortly…

You and your gf should ask for a pay rise . Make sure you have a good case why you deserve it (if you dont start working harder then ask). Also request to do overtime and be eager to look to advance in your…[Read more]

Hi Porsha.

i would suggest you get as many recent comparable sales as possible , even buy a local price guide via http://www.domain.com.au. Prices can change by suburb and even by street.

Look at as many properties in the one area as possible to familiarise yourself.

What makes you not want to invest in your local area?

Hello Elkam,

I am not sure on the point of borrowings to invest in the SMSF itself. A SMSF cannot borrow money , so it makes sense.

cheers

There is a structure used by some investors where by the SMSF has a percentage ownership (the deposit) and the remainder is in the name of the investor (or entity).
For the sake of the example :

a $300K investment property ;

20% deposit + costs of say 6% = $78K, this would be the contribution from the SMSF.

The remaing 80% would be borrowings…[Read more]

With that one sale in Sydney . Was that a loss or a gain? I think it was a gain for one person, yet a loss for another. It just highlights there is good money to be made. Property is the same as shares you can make more money in a bear market if you are savvy.

Bankruptcy occurs everyday . It is a shame for one family and a great buy for the…[Read more]

Apologies for the silly looking post! I tried to make it look fancy , with dot points and made myself look like an idiot.

Hi tkting,

Very smart move, if you are just starting out , many investors look back and only wish they began with the right advice.

Some good questions are:

Have they invested themselves ?
If yes.Ask for specifics.
Were they successful?
What are there personal beliefs of property? (negativity is not going to help you)…[Read more]

There are a number of points missing to give a concrete answer. But i will make a few assumptions . Lets say she has made $100K equity on the $350K investment over 2 years. This equates to around $1K per week. At $50/wk you would need 20 cashflow positive properties to reach the same yield (debatable point). The important thing for your friend is…[Read more]

A good accountant can detail the trust and arrange documentation. Ask about hybrid trusts especially if you have a partner and there is a reasonable size difference in income between the two of you. Utilising this structure it is possible to convert negative geared to positve geared…good luck. I am live in Melb but i do know a great accountant…[Read more]

There is an option to consider that can wipe CGT. You would need to create the investment in a SMSF , you also need to be 60+ as of July 1st next year there is no CGT or income tax appicable(55+ you can extract $130K tax free). Check with an accountant , mine has already briefed myself on this topic. This may not apply to yourself but could be an…[Read more]

Amazing that investors are flying around the world to find those cash flow positive properties that will change their lives, when the properties are seeking are in their own backyards. Firstly , acheiving a positive cashflow property in Tassie that nets $50 per week will not change a life!!! How many do you need to retire ?I am not a negative…[Read more]

Hello Foundation,

i would be interested , if you could detail your successes so that we can all ascertain the level of your insight. My concern is you are giving negative information to people because you sell what? Attempting to link CPI to capital growth is pointless.

i will happily debate some of these points with you, all in good fun of course.

i would not consider putting my money in the bank , there are heaps of secure investments with higher returns than banks . the minimum you should look for is 15% . ASSET BACKED.

Hi all,

i love these stories. i am now outside your age bracket at 30 , but i began investing at age 17 , i have had the good fortune of time being on my side(as all of you youngsters do) and now have in excess of 60 IP . I tend to have a different strategy to most on this site i only buy bluechip properties. Any how i started my working life as…[Read more]

Originally posted by tony wpb:

“cutting part of a sentence to attempt to mock somebody is childish.

I don’t believe I changed the context of your statement.

“i only care about the results for investors. ”
The reason i mentioned i only care about results for investors, i should clarify that , i dont care about the comments of a minority ,…[Read more]