Can joint venture be set up where the superfund provides the deposit and my trust borrows the balance? Any accountants/gurus out there?
Cookie

Hi Louise,
It is most likely this unit will be onsell rather than directly off the plan. The building of the Oasis is taking an awfully long time – I pass by it everyday and it is huge, but has been under construction for probably 3 years now. There is possibly a rental guarantee on this unit, which will not amount to much if the development is in…[Read more]

Hi,
This may be a very brooooad generalisation, but I have found the country real estate agents a pleasure to deal with – what they said was correct if not conservative as far as rentals.In fact I rented out for $5 more than they were quoting (so they were not exagerating). Please correct me if I am wrong.
Regards
Cookie

Hi Ishita,
I set up my loans at 90%, IO for 5 years, I always do some improvements, with the bank setting up a condition that they then revalue the properties after 12 months and I need to take LVR to 85%, which I am confident the properties would provide via 5%CG. Because the return is greater than the bank interest rate they provided the funds…[Read more]

Hi,
I have purchased a Residex report for positive cashflow. I was interested in Brisbane realestate. The report was for Dec Q, was released in April and by the time I arrived in Brisbane in May the median prices had gone up by about $40,000-$60,000, where as rentals have hardly moved – so instead of 8% return you barely got 6%. Also any suburb…[Read more]

Hi Louise,
I believe that books are for information and courses for inspiration and motivation, tapes are great too.
My husband has done Henry’s Business Mastery and immediately after it he recommended for people to do it, however over time he has found their mentoring/support system (which is supposedly part of the course) non-existant and has…[Read more]

Hi 4walls,
I am in Melbourne, I did my research, went up to Brisbane interviewed 2 buyers agents : Property research and The Buyer’s Agent. If you’re after capital growth Property research would be good. If you’re after positive cash flow The Buyer’s Agent is better (also would be good for capital growth) – I have appointed them. We are now…[Read more]

Hi Violeta,
I think accountants think if you do not run your own business it is not cost effective to set up trusts – you are in a low risk category for being liable for large sums of money. However, once you start investing in property you cannot afford to expose yourself to being sued eg when you did not repair something on your property and a…[Read more]

Like Regina, I use quickbooks, and the important thing to remember is you should be reducing your non tax-deductable loans first. So your positive cashflow ideally should be going to pay of your house or into further investing rather than paying off your investment loan. []