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less than 50%, but ours change all the time!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582would this make any sense, since what you can claim by paying yourself, you get taxed on by declaring income?????
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582actually blogs, its quite complex and involved!
There are different strategies and techniques that can be used for differnt markets. Buy low, sell high is one that is used in an up market.
Just like you would use options and short selling to take advantage of downturnns in the stock market, there are also tools to take advantage of sideways and downturns in a property market.
The Key word is EDUCATION. The techniques can’t be learned from one post or one seminar or by reading a few books. You need experience.
Keenaz, yes you can do full time investing even in a down market, but take the time to learn first! You wouldnt jump into any other profession without knowing what you are doing, so why property?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Just out of curiosity, how many lenders allow this?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582now I dont feel so bad sending my kids to daycare with odd socks and mismatched clothes. I only have 2.
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Hey BJ
you may want to send an email to QLD007 from this forum, he may have a few creative ways for you to do what you want to do.There is always a way!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Hi S
It depends what state you are in, in SA for example, you can give tenats a form 2 if they have been in default for 14 days, you then have to give them 7 days to remedy the default (pay up). you have to give them this chance before further action is taken. If they do not pay up, the next step will be to give them a notice to leave.
In relation to your friend, you need to hold a house for a year to get a 50% discount on capital gains tax, if this is what you were refering to?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582depends how “risky” the property is. I would use LL insurance in an area with high vandalism rates.
The higher end of the market properties tend to be lower risk, it depends on your own risk profile and what you are comfortable with.
We have LL insurance on some of our properties. We tried to claim for malicious damage once after tenants kicked in some doors. Because we couldnt proove that it was done at the same time, there was a $500 excess on each door![angry2]
Read the wording very carefully, insurance companies only exist to make profits, just like any other company!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582If you are buying through a trust and have a corporate trustee, you can paint your company name on your car and say that you are advertising your business while driving around!
I am not an accountant (thank God) this is only something I am thinking of doing!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582I retired from a normal job at 33 with passive income and loads of equity. Only to find another job called property investing! I am now 36 and just as busy as I was in my normal job:(
Does it ever end?
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582One million dollar commercial property “paid off” should give you around $100,000 income per year. You need to put in $250,000 to buy it using the banks money.
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582ASIC charge ~$800 for a new incorporation plus lawyers fees. Your in the right ballpark!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582strictly speaking, tenants are obligated to pay up until the day they signed for. Or until replacement tennants are found.
However, at the same token, landlords are obligated to mitigate their losses ASAP after a tenant moves out and not rely on tenants paying a lease. The courts could argue that an average house could be re-tennanted within one or two weeks.
One week is reasonable to expect the tenants to pay, any more than that and you may need to proove that you had advertised and marketed the property but it was not effective. your PM probably did not want to go through the hassel of proving anything and so just accepted the one week rent!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Great Post Dazz
I am a Medical research scientist by profession. My PhD was in lung physiology looking at disorders like respiratory distress syndrome in premature infants.
I then worked for 3 years as a post-doctoral research fellow in Canada at an institution called the vaccine and infections disease organisation, where I ran a project in the development of recombinant DNA vaccines for respiratory syncitial virus infections.
I also worked as a university lecturer in molecular biology.
I have lots of publications in good medical journals and can get a job anywhere. I choose to be a real estate investor!
I now run my own business in buying and selling real estate full time.
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Hi Celivia,
Im putting together a business plan. Just making everything that I have been doing formal and giving it a name!
I know all the info is out there if I go looking, just veeeery laaaaaaaaaaazy!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582I’m specifically looking for SA-Related cases!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Im specifically looking for cases in South Australia!!!!!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Must be SA related!!!!!!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Try words like “demographics” or “population”
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
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phone 0412 437 582Great question C@34, can’t wait to see the reply!
How does running a wrap business differ from running any other business?
You could argue that they are all unethical. Why does McDonalds exist? The nutritional value of their food is low compared to eating raw broccoli! People could live longer if they were offered raw veggies instead of burgers and fries!
It exists because it has Tapped into a market! It gives the market what they want, easy meal solutions. We buy their food because it is convenient even though we could all do a better job cooking at home!A wrap business exists for the same reason! Because it has tapped into an existing market! Richard is right in saying that there are alot of happy wrappees, people provide this sevice because there is a market out there that wants it!
Richard, how many phone calls do you get if you advertise a house on vendor finance terms, >500 calls per week I bet, there is a strong market for is!!!!
This particular wrapper got in trouble because he got things wrong! Lets not start blaming every single person that offers vendor finance for the actions of one individual!
Some of us actually do the right thing and offer nothing more than win/win solutions! It’s unfair to label everyone the same!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
[email protected]
phone 0412 437 582
