Forum Replies Created
How true this is ~!![evo]
I’ve also just talked to the REA about the house and he said the owner would like to sell the house pre-auction at a reasonable price. I have a feeling that they want to sell this quick and as they have already got their new place (posibly to obtain cash for the new house). If anyone is interested in this feel free to give me a PM or email, but be quick as this is going to auction soon.
Really? But why? Is it because of the landlord being able to ask for a better price because his buyers are strugling to find finance?
Anyway this is pro. not the deal for me, ’cause I’m not ready for a wrap yet, though very interested in it if I can find a buyer … [cowboy2] Or maybe I can sell the information to someone who is interested… the price of the property IMO is heavily discounted, and has great potential for a development project.[exhappy]
Thanks for the reply, KP and MortgageHunter. I’ve just talked another consultant at Metropole and again the result is excellent. I’ll consider seriously and will make a decision very soon.
Sorry for not being specific enough. Yeah my long term plan is to have it as my money machine so I’ll move out and let this become my IP after 6 months. I move in simply because:
1. to claim FHOG
2. my current lease is ending i’ll have to live somewhere
3. i can watch my future housemate myself and feel more comfortable with the property[biggrin]
4. i will know more about the property and other issues. sinec it’s first time I want to learn more by living in it.In a way, IT IS a +CF property considering the savings on my rental.
And what do you two mean by building inspection? I’ve obviously inspected the unit and found nothing wrong with it… There are some work that needs to be don in the kichen but I’ll use that to negotiate with the owner. I prefer doing it my self then having him do it, ’cause i can choose NOT to do it if my tennant is hapy with that.
Cheers,
YCCome on Mono, have you been a Guru before as well? No you don’t sound like a Guru, you sound like a Guru’s teacher [
]Cheers,
YCThank you!
But that’s the NSW site of FHOG and I’m in VIC. But don’t worry, I’ll ask a lawyer about this issue. Thanks anyway again!
[YC, on the FHOG site it states u can rent the rooms out as long as the house is still the principle place of residence…]
Hi,
Thanks for the reply on the other thread. Just wonder could you please send me the link if not too much trouble? I’ve been searching on that site but can’t find that piece of info.
Thanks mate!!
Cheers,
YCwhat if someone LIVE in the house AND RENT IT OUT? (1 room for himself and 1 for tenant) is that considered residential?
Hi elika7264,
I’ve been using this site as a reference for information in suburbs. It’s not cheap when goes down to street level info but it looks to be really specific and detailed – sorry can’t give you more info on that since I’d been only using the free one. Let me know if it’s good when you do purchase any report from them. Or can anyone here provide any info on this?
http://www.homepriceguide.com.au/
Thanks in advance.
Cheers,
YCWhat the… why I never know there is such contractor companies???[comp] (well maybe I never expected to find any job-related information on property forums ^^) Thanks soooo much mate! Are you going to be a long time contractor? or just take it as a stepping stone in the current IT market?
Feeling the same passion, sharing the same bitterness…
Cheers,
YC[cigar]missed it … totally booked out.. wish you have a good time there folks
Sure, that’s not too hard to understand. But what happen to companies? I wonder if you can set up a company in NZ and use that to manage your property? Or is it that overseas investors in NZ are not allowed to set up a company?
Thanks for the reply.
Cheers,
YCHi Lucifer_au,
I notice you mentioned Travelling to and from the property. I’m considering to go to NZ for my 1st IP. Can I claim the travelling expenses in the trip as my lose in business thus claim tax return? And do I HAVE to set up a trust/company for this? This brings up another question of mine: is a trust or a company more appropriate for individual property investers like us? – well it may be the topic for another post…
Hi Westan,
I’m no accoutant, and am just confused here: if you set up a trust/company in NZ won’t it be a NZ entity (based on foreign investment) that should be working on itself independent of AU? And just how does AU government tax it since it is not an AU company?Thanks in advance!
Cheers,
YCWow, wonder what I was doing when I was 12 years old… It’s amazing to see a 12 year old kid talk about property investing and long term goals like a semi professional! Dude keep up the good work and study hard in the degree your desire (I’m sure Monopoly has got some good advice for you in her PM ^^ ). Be careful it’s fine to get interested in it but don’t get overheated. It’s very easy to get discouraged and lose interest if you push too much and don’t know how to keep yourself interested. Do your schooling/uni to know the fundamentals (math, accounting… are all helpful), then build your property investing skills step by step on top of that, keep it steady, and you’re sure gonna make it.
Good luck.
Cheers,
YChum, good advice, thanks to you all.
Simon I like your idea, I actually do want to pick up the phone and ask but have been busy finishing off the project (and don’t want to make calls during business hour in the office about a personal home loan … ) I’ll definitely go to a bank and a mortgage broker for a quote after my contract finishes.Thanks to you all again!
Cheers,
YCThanks heaps for both of you! Well since i’m new to the property market I’d stay alert with those attractive ads and keep your words in mind!
Thanks again!
YC
wow, plenty of replies after one weekend.
Thanks for all your advice, I appreciate all the helps given and am evaluating my situation to apply the right strategy. To Westan, Kay Henry and AceyDucey, I’ll definitely have to read more and make a qualified decision.
In fact, I am thinking about buying some -CF/-ve properties in Melbourne, use the negative income to claim tax, then buy small/cheap houses in NZ, rent it out to get some +CF to cover the cost in the -ve property in AU. This way I take advantage of the CG in many areas in AU (well, I’ll have to decide on where to buy…maybe gold coast…), and the +CF properties in NZ. Well, that’s my current thoughts.
Thanks again for all the replies.
Revenge is a dish best served when cold.
So are properties…
In addition, is the population growing, and has there been any reason why people will come and rent houses there? such as Tourism/Mining/Others business going on there?
Y.C.
Hi,
I’m just wondering how would you know how much you can rent the house in your calculation? Is it the average rate in town? And are you sure if you can get a tennant after the whole thing is finished? In a town of 400 people I’m not sure what’s gonna happen after all that… But don’t look at this comment as negative feedbacks, i’m just curious (seriously) about buying properties in the rural area and would really like to get more information on that, including whether people tend to rent or buy houses, and whether tennants tend to change houses like some city dwellers.
Thanks a lot!!
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