All Topics / Forum Frolic / Hi All – Another Newbie

Viewing 12 posts - 1 through 12 (of 12 total)
  • Profile photo of WyethWyeth
    Member
    @wyeth
    Join Date: 2010
    Post Count: 9

    I thought that since I’ve been lurking on here for a while I should join up and say hello. I am totally new to property investment but am real keen to have a go. I’ve been reading the invaluable information on here and have a much broader understanding of the basics as a result.

    I have bought Steve McKnights book and look forward to receiving my copy to read. It looks like I will need to buy his new one as well though.

    I presently don’t own any property (and never have) even though I’m 30 years old, now I think about it I’m actually closer to 31. Damn! I am really keen to get some savings sorted and get out there so I’m doing all the reading and research I can.

    I am yet to see a financial planner but would like to have some form of plan for them to review first just so I don’t feel like a total idiot! Within a year I should have $50K to start me off with but am already investigating my options for using around $25K in 6 months time.

    My interest so far is trying to accumulate a positive and negatively geared property and then a 3rd property after that for me to live in with my partner and renovate. As soon as I can free up additional equity, the plan is to expand with more IP in a diverse range of areas to spread risk.

    I’ll try and not ask any really dumb questions and do some research first.

    Thanks.

    Steve.

    Profile photo of WyethWyeth
    Member
    @wyeth
    Join Date: 2010
    Post Count: 9

    Can anyone recommend a good accountant in the Newcastle or Port Stephens area? I need to have a chat about my plans and get some advice additional assistance with structuring of loans.

    Profile photo of steve-investsteve-invest
    Member
    @steve-invest
    Join Date: 2010
    Post Count: 30

    I believe e you need a property investor advisor not a financial planner, watch this guys video presentation http://www.wealthwithproperty.net Cheers Steve.

    Profile photo of number 8number 8
    Participant
    @number-8
    Join Date: 2010
    Post Count: 333

    Drop me a line or text at http://www.birchcorp.com.au You are after a Mortgage broker when it comes to loans, and a financial adviser when it comes to (as the title says). An accountant is not licensed for the required information you are after. we could starighten you out with a chat on the phone……. Regards

    Profile photo of WyethWyeth
    Member
    @wyeth
    Join Date: 2010
    Post Count: 9

    Thanks Number 8, I’ll get some info together and give you guys a call.

    Having re-read my last post it’s pretty unclear, I was after the accountant for tax purposes really and then to chat to a FA with regards to the other issues.

    I see from your site that seem to cover these aspects. Where abouts are you based?

    Profile photo of Benjamin CsikosBenjamin Csikos
    Participant
    @benjamin-csikos
    Join Date: 2010
    Post Count: 114

    Hey Wyeth,

    Sounds like you're off to a good start with your deposit.  You might also be interested to know that if you have any super sitting there, you can use it as a deposit to invest in property, and avoid paying capital gains tax.

    Also, if you're looking for a cashflow positive house,  I have contacts that can get you one through creating dual occupancy house and land packages in brisbane. 

    Drop me a line if you want to know more.

    [email protected]

    Ben.

    Profile photo of ondeck240ondeck240
    Member
    @ondeck240
    Join Date: 2010
    Post Count: 1

    Hi…Friends

    I am Davis Peter from CA……
    Here we want to meet new member and learn from themselves….

    Profile photo of clkhooclkhoo
    Participant
    @clkhoo
    Join Date: 2010
    Post Count: 3

    I've also jumped into this bandwagon for the same reason and appreciate some sound advice. Currently I'm renting a place in Sutherland, NSW and looking at the market around here, I noticed most of the properties on sale here will give a negative yield.

    I've to therefore look beyond Sydney…any ideas or thoughts on new upcoming areas in NSW? As this will be my first, lets start small say $200-250K with a yield of say 8%…any views appreciated. Thanks

    Profile photo of ChizChiz
    Participant
    @chiz
    Join Date: 2008
    Post Count: 70
    Wyeth wrote:
    …and then a 3rd property after that for me to live in with my partner and renovate..

    AROOOGA AROOOGA.Red flashing rotating lights :D

    Live in and renovate!

    Yes a good way to save and increase capital – just as long as you’re a handyman AND both of you are prepared for the stress of living in a dusty mess for a year (?)

    Not trying to be negative – just be careful to talk it through and know what you’re getting into.

    Profile photo of billy10388billy10388
    Participant
    @billy10388
    Join Date: 2010
    Post Count: 2
    Wyeth wrote:
    I thought that since I've been lurking on here for a while I should join up and say hello. I am totally new to property investment but am real keen to have a go. I've been reading the invaluable information on here and have a much broader understanding of the basics as a result. I have bought Steve McKnights book and look forward to receiving my copy to read. It looks like I will need to buy his new one as well though. I presently don't own any property (and never have) even though I'm 30 years old, now I think about it I'm actually closer to 31. Damn! I am really keen to get some savings sorted and get out there so I'm doing all the reading and research I can. I am yet to see a financial planner but would like to have some form of plan for them to review first just so I don't feel like a total idiot! Within a year I should have $50K to start me off with but am already investigating my options for using around $25K in 6 months time. My interest so far is trying to accumulate a positive and negatively geared property and then a 3rd property after that for me to live in with my partner and renovate. As soon as I can free up additional equity, the plan is to expand with more IP in a diverse range of areas to spread risk. I'll try and not ask any really dumb questions and do some research first. Thanks. Steve.

    I also think so.
    _________________
    Watch Step Up 3D Online Free

    Profile photo of IntrigueIntrigue
    Member
    @intrigue
    Join Date: 2010
    Post Count: 208
    Benjamin Csikos wrote:
    Hey Wyeth,

    Sounds like you're off to a good start with your deposit.  You might also be interested to know that if you have any super sitting there, you can use it as a deposit to invest in property, and avoid paying capital gains tax.

    Also, if you're looking for a cashflow positive house,  I have contacts that can get you one through creating dual occupancy house and land packages in brisbane. 

    Drop me a line if you want to know more.

    WHAT THE

    You sound like a real estate worker or connected service, then I look at your utube link and your.. um arrr… hmm?

    [email protected]

    Ben.

    Profile photo of billy10388billy10388
    Participant
    @billy10388
    Join Date: 2010
    Post Count: 2
    Wyeth wrote:
    I thought that since I've been lurking on here for a while I should join up and say hello. I am totally new to property investment but am real keen to have a go. I've been reading the invaluable information on here and have a much broader understanding of the basics as a result. I have bought Steve McKnights book and look forward to receiving my copy to read. It looks like I will need to buy his new one as well though. I presently don't own any property (and never have) even though I'm 30 years old, now I think about it I'm actually closer to 31. Damn! I am really keen to get some savings sorted and get out there so I'm doing all the reading and research I can. I am yet to see a financial planner but would like to have some form of plan for them to review first just so I don't feel like a total idiot! Within a year I should have $50K to start me off with but am already investigating my options for using around $25K in 6 months time. My interest so far is trying to accumulate a positive and negatively geared property and then a 3rd property after that for me to live in with my partner and renovate. As soon as I can free up additional equity, the plan is to expand with more IP in a diverse range of areas to spread risk. I'll try and not ask any really dumb questions and do some research first. Thanks. Steve.

    Thanks you for the post.
    _________________
    Watch Step Up 3D Online Free

Viewing 12 posts - 1 through 12 (of 12 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.