Wiwin replied to the topic How to calculate total annual return expressed as a percentage… in the forum Help Needed! 9 years, 9 months ago
If you bought suburb reports from residex, they listed average total returns per annum.
Wiwin replied to the topic anyone knew Jacana / broadmeadows VIC area ? in the forum Help Needed! 9 years, 9 months ago
I am based in Sydney. I am looking for affordable and established suburb under 350k within max. 30 mins from Melbourne city.
I can’t buy in Sydney since the price already not affordable. I am hoping by the end of the day, the price will increase because people would like to live near the city. Thanks for your advice. I will call the town planner…[Read more]Wiwin started the topic anyone knew Jacana / broadmeadows VIC area ? in the forum Help Needed! 9 years, 9 months ago
hi guys,
I am currently looking to buy my first ip at Jacana/Broadmeadows area.
Median price still affordable approx. 350k and rental yield is not that bad around 5-6%.
Amenities public transport and train services already established and location is good.
its 15-20 mins to melbourne city.I am concerned about high crime and…[Read more]
Wiwin replied to the topic Premium Private Wealth in the forum Help Needed! 9 years, 10 months ago
Just read don’t sign anything! from neil jenmann.
And ask them to have your independent broker, independent valuer and your own lawyer.
If you have to use their all in one services, run away from them.Wiwin replied to the topic Exit strategy in the forum Help Needed! 9 years, 11 months ago
First one always hard. I never think about exit strategy for every ip too until I went to seminar. Sometimes they got me confused instead of guiding me. I think I better stick to your last comment if we buy well and have to sell ealier it shouldn’t be an issue. Thanks Benny, I will take a note on your advice.
Wiwin replied to the topic Exit strategy in the forum Help Needed! 9 years, 11 months ago
I would like to keep all profitable property of course. However when I went to seminar they emphasised that you need to have exit strategy for your whole portfolio ( consolidate and keep some outright ) and exit strategy for every purchased ip if somehow situation was changed. ( interest rate rises, stagnant capital growth, deserted suburb , fire…[Read more]
Wiwin started the topic Exit strategy in the forum Help Needed! 9 years, 11 months ago
What is the most common exit strategy for your portfolio ?
Cut losses for lemon property ? Renovated ?
As i look at the property profile, i noticed that the longer the property in the market, the prices was going down under market value. ( compared with apm valuation ) It really make me think what if, someday i wanna execute my exit strategy…[Read more]
Wiwin replied to the topic Units in Campbelltown, NSW in the forum Help Needed! 9 years, 11 months ago
@PHP , i told them already but they said it’s already happened and they don’t wanna spend more $ to uncross it.
I think they can’t see what make it difference.Wiwin replied to the topic Units in Campbelltown, NSW in the forum Help Needed! 9 years, 11 months ago
My friend just bought a house in campbelltown , fully renovated at 485k, P+I loan with 105%loan and only need to top up $200 each month before tax. They have their landlord insurance as well. If they set up the loan and claim tax deduction, they might can get cash positive on their investment.
Wiwin replied to the topic Past Future performance and Market value in the forum Help Needed! 9 years, 11 months ago
Ok. Excellent advice Richard. I really appreciated that.
Wiwin replied to the topic Past Future performance and Market value in the forum Help Needed! 9 years, 11 months ago
Thanks a million Benny. I got your points loud and clear.
For Richard, inner city means big or capital city like Sydney or Brisbane ? or just CBD from regional city ?
I am sorry for being novice but i don’t really get it.So your strategy bought a house in inner city ( land component ), get granny flat ( dual income ) ,add value ( reno ? ) -…[Read more]
Wiwin replied to the topic Past Future performance and Market value in the forum Help Needed! 9 years, 11 months ago
Thanks PHP. I can’t see why median price is different from average market value. but i will find out about it.
Thanks for your offer i really appreciate it.Catalyst i can see your point.
Richard, I am looking to build my portfolio with investing in cash positive gearing property min. 7% rental yield with moderate capital growth potential min…[Read more]Wiwin started the topic Past Future performance and Market value in the forum Help Needed! 9 years, 11 months ago
I read as much as I can. Many property investing book said market value is the price of similar property sold in your area(block). I am doing my research n narrow down to a couple choices of suburb. Good rental yield above 6% and good capital growth potential min 5% or chance of growth spurt suburb.
Now I am confused
There is a unit in gosford…[Read more]
Wiwin replied to the topic structuring assets in the forum Help Needed! 9 years, 11 months ago
Thank you very much for the information. I am on ease now. I went to several seminar and webinar and people keep pushing that trust is a must for every investor. However I think it is not suitable for me. Your book n your advice just save my from my constant headache. I really appreciate and grateful for your link in the website and your book. It…[Read more]
Wiwin replied to the topic structuring assets in the forum Help Needed! 9 years, 11 months ago
Thanks Terry, its complicated because i don’t really understand trust structure.
The book itself is easy to understand, i read fast once i passed that trust part.Actually i don’t understand trust benefit for asset protection, protect the asset from what ? Is it for business people who own business and might going bankrupt so they will hold all…[Read more]
Wiwin replied to the topic "Setting up a good professional team" in the forum Help Needed! 9 years, 11 months ago
welcome on my board. I even more confused with my friend’s very good recommendation. Once i found out his very good broker provided him bad choice of investing loan, i pulled myself out of it. It’s really important to do our due diligence and keep our head clear. I keep having people giving me bad advice such as ” why you took forever to buy a…[Read more]
Wiwin replied to the topic structuring assets in the forum Help Needed! 9 years, 11 months ago
Hi Terry,
I am reading your book up to p.66 now. I am reading so slow since i had to keep flipping back the pages. It’s really complicated and confusing.
I always thought that trust structure will give you more benefit about land tax saving, asset protection, and borrowing power.
However now I think buying under my own name will give me…[Read more]Wiwin replied to the topic Do it yourself or get professional do it for you ? in the forum Help Needed! 10 years ago
I am in sydney. thanks. I will try to fit it, but i am timely poor. I have been trying to all those free seminar and join free webinar as well.
Wiwin replied to the topic Do it yourself or get professional do it for you ? in the forum Help Needed! 10 years ago
How do you know whether that your accountant specialised in property investing ? Can you tell me ?
Wiwin replied to the topic Do it yourself or get professional do it for you ? in the forum Help Needed! 10 years ago
Hi all,
Thanks for great explanation. It is now make sense now Jacqui.
I didn’t mean to be lazy but sometimes experience make a different.
I believe using professional service will make the better investment experience and minimise errors.
But on the other hand, i am definitely need to know the process and whether they do it properly as I know…[Read more]- Load More