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i do beleive there will be a slow down in the western ausralian economy i work for cbi the biggest contractor for the gorgon project and have seen many other contractors reduce numbers and have seen and heardmany of many of the people in the mining industry made redundant… with the combination of bigger projects in wa being “puton hold” and the mining sector coming out of its construction phase were fewer numbers are needed a slow down in the economy is inevitable lets just hope it sorts itself out and lets wa off lightly
cheers terryive just used that calc very handy cheers… brickwork on house should be finished mid next week so house os coming along quickly knowing the builder helps alot
so may be looking into ip 2 quicker than first expected… i were considering buying in my local neighborhood of perth but the market is really starting to heat up so my thinking is ill hit a market thats a bit cooler…cost of house in total 344000
expected rent 500- 520 pw
house completed november2013
10 year growth of area 8.4%
all together pretty happyso wilko instead of being taxed at the 48 cents to the dollar im taxed at for earning over 80g p/a if i get some of my income paid into my trust/ corporation i will only be taxed at 30 cents to the dollar ? am i correct by saying this ? this would also benefit my share portfolio being taxed at a lower rate
No money for deposit used paying for house im building and paying interest payments and progress payments building the property… finances arent tied up us such just have alot of payments atm
yes i were going to speak to a solicitor to write up the contract and put in something which will allow me to renovate whilst i were renting and allow me to access equity that i build whilst renovating…
have you used this technique yourself lucky i guess…
ive actually just come across a deal in mandurah the property is 700+ sqm is zoned r30 which allows three units to be built on the property has an old house on which needs to be demolished but rents for 270 pw with a tenant in it who wants to stay in it for as long as they can i beleive i may be able to get 280- 285 pw for it. also the area it is in is less than 5km from the town centre and area has ahd annual growth rate of 9.2% over last 10 years… im trying to think of a stratergy that i can use to get this property as id like to get it DA and BA approved or possibly hold it for a while then get approval as it is pretty neutral and has a pretty good growth rate and in prime spot. if you have a suggestion id liek to hear it…
oh i also know the buyer is selling as he is trying to get out of the area because of work reasons
ok so i have got a bit further through this course… and im starting to eat my last post on this topic
…alot of different stratergies have been presented to me, all not in huge depth but simple enough to grasp the concept… alot is left to you to dig into and learn were i do think a mentor could be very handy to talk you through the stratergy…
all in all im enjoying reading this course and thinking of ways to put some of this knowledge into action.
ben.
hi all, i dont really want an investment club as such… what i want more out of this group is a pool of like minded people i can meet up with in my area and discuss views on the area and other things about investing… i know this may sound stupid as people will say you’ve got this forum to ask these questions in … but i just beleive it may also be beneficial for networking and knowledge
im currently reading and listening to all the audio cds from herultimate investing pack worth around $5000 for free as im lucky enough to have borrowed it from a friend…
this is probly going to sound horrible but i listened to her first audio cd and had to give up as i got frustrated at the use of slang in the content just doesnt seem professional to me… also not the most pleasant voice to listen to
sorry im sure you are a lovely person Dymphna im only a little way into the content and havent really learnt anything i couldnt have from this forum just proving how invaluable this forum is…
so far i cant say i would of personal paid 5 hard earnt grand on this course, ill let u know if my opinion changes the further i get through the course…
so may be looking into ip 2 quicker than first expected… i were considering buying in my local neighborhood of perth but the market is really starting to heat up so my thinking is ill hit a market thats a bit cooler…
