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There have been a lot of good discussions here. But really I think a job is something to pay the bills while you work on something else on the side. Once your side job brings in more income than your job, then you can reduce your job to just a part-time thing. Imagine only having to work 3 days per week, just to bring in the beer money. Well I can tell you all. People have done it. And so can you.
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For those truly looking for that extra income source ..
http://www.2nd-income-stream.biz/
if prompted … access code 4164
……………………………………………………….PK, If they don’t move in, you should make sure that the place looks lived in to minimize the likelyhood that no-one vandalizes it. You know, the usual …. no junk mail hanging out the letter boxes. Make sure the gardens are mowed and the lawn watered regularly.Put the bins out on the kerb to be collected weekly. If you’re managing the place yourself, then I’d imagine you’d be checking on this. And ofcourse, be as suspicious as Byronent has assumed, and check the metre box for any action on the meter.
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For those truly looking for that extra income source ..
http://www.2nd-income-stream.biz/
if prompted … access code 4164
……………………………………………………….To everyone who’s answered to this topic, I’d like to thank you all. It’s given me an insight into one of today’s struggles.
Rick … yes, I’ve also heard of that book and probably read it many years ago. I should get myself another copy and revise. It could become a valuable gift I can send a few people.
Kiwi …. nice to hear that someone has got a plan and is sticking with it.
CrownOfGold ….. you seem to be really switched on. Good luck with your journey.
Michael … thanks for your thoughts.
Woodsman … good idea.
……………………………………………………….
For those truly looking for that extra income source ..
http://www.2nd-income-stream.biz/
if prompted … access code 4164
……………………………………………………….Yeah, you’re right there. You need to spend loads on petrol to go get anything. I’m sure the local councils etc will have to address this issue. It’s always been the case with these beachside suburbs between Rockingham and Mandurah.
I believe that I can roll the 401K into another companies 401K fund without incurring taxes. So with this in mind, I was wondering if I could roll the 401K into a self managed super fund that invests in +CF properties and not incur a tax debt at this stage?
Who should I go and talk to about this? Would my CPA be the best person to see?
I would also need the legalities of setting up my SMSF.
definitely a mind boggling issue regarding risk/return.The only unfortunate aspect to Port Kennedy is that access to the beach is a little bit restricted by the golf course actually running along the coast, hence you’d have to drive a fair bit around the course to go to the beach, unlike the beaches at Warnbro.
However, if it’s access to the beach that interests you, then the next suburb down is a place called Secret Harbour. They’ve made this suburb look really special….. and it has a golf course as well.
If you come down to Port Kennedy, make sure you see this suburb because it also has some of the best surf in the Rockingham area.G’day Marisa,
I can’t remember exactly where the Anchorage is, maybe its the new estate on Safety Bay road that they’ve just recently cleared, just a tad back from warnbro.
However, Port Kennedy is an area that I wish I had invested in 10 years ago. I remember seeing blocks of land for $18,000 or so in a suburb between port kennedy and Warnbro, and wondered to myself “Who’s going to live down there?”. Well, now land prices have gone thru the roof. They have the Kennedy Bay Golf Course down there that is suppose to be Australia’s number 1 public access course. It’s a lynx design and is absolutely world-class, believe me, I’ve been to a few courses in Thailand and spent time at a course in Malaysia, and even though the surroundings maybe a bit dry, the course is never the less, superb. But anyway, the papers have been “teasing us” about a marina for sometime now. Port Kennedy has definitely got all the ammenities, with an industrial strip with all the shopping centres, schools and with Warnbro just down the street where there’s the Warnbro high and the adjacent indoor swimming pool centre, you can see why Port Kennedy has been a hidden pearl.Cooloongup is actually split into 2 parts. The newer part is in Woodbridge Estate near the regional hospital and Rockingham golf course. This sectio has really nice houses and streets that are really quiet. Although a tad back furhter from the ocean, it certainly is a prime part of Rockingham that many people don’t know about.
A neighbouring suburb called Hillman is actually one of the older and often overlooked suburbs of Rockingham. Housing prices have grown a bit over the past few years and you can still get a 3×1 for 150K. The best part about these properties is the land is larger (900+sqm)compared to the latest (620sqm) releases.
