Hey Soosh and everyone,

Fantastic idea…It’s very disappointing to read about media coverage after it’s already happened!…

So while I’m at it…the Money section of the SMH this morning had an article on positive cashflow investing in which Steve was quoted amoungst others…

-Nick

Hi Drewboy,

Any entity (including individuals, trusts or companies) that are carrying out a business and that have annual turnover in excess of $50,000 a year must register for GST. Otherwise it is optional. For more info check out http://help.abr.gov.au/content.asp?doc=/content/17576.htm&placement=ABH/OTH/GPO&usertype=BC

You become registered when you register for an ABN at http://www.abr.gov.au

-Nick

Hey big cat,

If you are looking for capital growth then the kellyville/rouse hill area still has some way to go in my opinion. However, there are many conflicting views about the area – I listened with interest to John Edwards from Residex who is convinced that the terrible infrastructure, small blocks of land, bad housing design and lack of ‘greenery’ in the area is set to cause a turnaround in price movements.

Despite thiss, the population is growing quickly, there are new shops going in (mungerie park), roads being upgraded (windsor/old windsor rd) and flow on effects from the M2…plus the potential long term for a rail line or transitway. I lived in the area for 18 years so if you want more of my opinion please feel free to email me at [email protected]

-Nick

PS. It’s a shocker for rental yields!!

“Be courageous enough to act immediately…and never be afraid to dare” – Mark Fisher

rfcricho,

Why not just try out some ads in local papers. They cost all of about $20 per week and you will immediately get the answer to your question It really depends on the demand for this type of finance in the area you are considering.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Neologism,

For buy and holds, there are ways to reduce vacancy in your own properties that many landlord’s don’t consider doing.

While vacancy should be a minor consideration for b+h properties I personally would prefer to focus on cashflow because I know there are ways – both on the property side (eg. improvements) and on the tenant side (eg. free movie tickets, incentives to take out long tenancies, better tenant screening, etc) to easily reduce vacancy.

Note: If you are doing wraps then ongoing vacancy wouldn’t be a problem at all.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

Hey Cashflow,

Awesome story and a great inspiration for all us other youngsters (im 20) to get going now!

I look forward to reading more of your posts in future.

-Nick

“Be courageous enough to act immediately…do not be afraid to Dare” – Mark Fisher

To add to what David has said, the First Home Owner’s Scheme website at http://www.firsthome.gov.au/ states:

quote:

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An eligible home must be occupied by the applicant(s) as their principal place of residence within 12 months of completion of construction or settlement of the home

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-Nick

Hi Caeryla,

I am also a Uni student who is starting a property portfolio.

quote:

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I’ve heard of the First Home Buyer’s Grant, but would that apply to non-residential properties such as a vacant block?

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The FHOG only applies to owner-occupiers. I have done a lot of research here and found the system to be quite unfair in that, if you go on the title of an investment property before you go on the title of your PPOR, you no longer qualify for the FHOG. Of course the best way to go about this is to not go on the title of the property via either your parents or a company/trust structure.

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Has anyone some tips?

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My advice, if you do not have the income (servicability) or savings (security) to get a loan yourself would be to set up some kind of investing partnership with your parents. This is what I’m doing – with dad as money partner and me as time partner. The income is split through a discretionary family trust. We have also decided that the best place to start is wraps because it requires low money down, has high returns and thus allows us to purchase multiple properties.

Feel free to email me at [email protected].

Cheers
-Nick

quote:

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all th loans which I have gone guarantor for have not shown up on my CRAA…..
My loan applications are though

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What is the difference though? Does your CRAA look different if its a loan application vs an actual loan??

-Nick

Hey everyone

Henry Kaye seems to have taught his NII telemarketers some good sales skills too… I attended a free seminar on the weekend, and was offered a form to fill in for a free consulation with a senior manager at NII, as well as a free 6 month subscription to Wealthcreator.

On the advice of people on this forum, I decided not to go for the consulation – however I received a phone call today to ‘confirm my address’ for the subscription, and following this was told that ‘all the consultants are very busy, but they are available tomorrow morning or friday morining… so WHICH WOULD YOU LIKE?”. I was like, hang on mate I don’t want one at all! Great sales technique tho Doubt whether I’ll now receive my free subscription

-Nick