Recent content by Achimy

I think you might be misunderstanding the question I was trying to ask. What you've told me is kind of basic, very generalised, information, and I'm not investing in property for tax purposes, I will be investing to make money, and then utilise property to minimise tax as a secondary objective.

That helps a lot. For that 3rd property which you gained, could you pm me details of how you worked out you'd reval at that much? perhaps link to the property or research you did (sorry if a bit much to ask), but I want to understand which comparables you sought

For example, Let's say my goal is 60k passive income, @ 5% yield = $1,200,000 mil portfolio paid off completely. Now let's say the first property I buy is a 170k townhouse renting at $260. How does this fit into the bigger picture. Okay, now I need $1,030,000 of assets, but my yield...

Yeah that's fair, but the issue comes down to, when it comes to building wealth, equity is required as a base. I feel there is the potential for oversupply in Brisbane (for units) given the amount of land content available to build on. So it would be wiser for me to buy a property with good land...

So I was looking at Beenleigh as a focus for me, given my current circumstances, I might not be able to afford Kippa-ring - as I'd prefer to buy a house as a first investment, until I get more confidence to buy units etc. (volume of units is kinda skewed in Kippa-ring as I don't want to buy a...

Golden I tell ya! What are CMA's?

Haven't got one for Sydney but u should make one! Google best schools in Sydney and plot away. There's some tool called google map engine which again u might have to google

I just got the list of schools via a google search and used some google map engine to plot them on. Pretty powerful as u can add diff layers and items . as my circumstances change, will definitely expand and refine my buying criteria. I'd prefer to buy blue chip real estate but too pricey and...

Mate here's the map I promised https://www.google.com/maps/d/edit?mid=zaf5Wm8aVwdE.kjQAwnV9JUjA let me know, it's just some properties and stuff and top performing schools around Brisbane. School performance and reputation is a great indicator of wealth and a affluence of an area. Pm me email...

So what I gain from the residex reports it kind of like the growth cycle of the suburb. Take like logan or something as an example and you see like it fell 2 years, it went up 6 years etc etc. If that's any indication of the future, it's likely to go up. Also check the lowest price it fell to or...

Okay, great, thanks for the constructive (huehue, punny) feedback. I think for more built up areas, it's not too bad or unreliable. But what I should've probably added if I wasn't lazy is that local agents would generally be more helpful in providing the info. And I guess it's the best kind of...

21 jan I think http://somersoft.com/forums/showthread.php?t=104258

The more the merrier, I'm looking for my first. This is awesome ! Also are u going to the sydney meet? Hopefully we can discuss in person. I'll start discussing prices with u this week as I want to value houses so can get an idea of a good deal. I've got a good map on Googlemap engine which I...

The point of this is to get started and learn. As stated in the post, this is computer based, actually viewing the house is different, and I'd Argue enough threads around to learn that, but not enough to do computer based stuff. I also agree that everyone has their own way and I'm just posting...

Alright all, time to practice some live research (via computer only) FOR MY FIRST INVESTMENT PROPERTY!. All feedback and criticism is welcome and the purpose of this is to refine and identify a best practice approach to the way research is conducted. 1. Get pre-admin stuff sorted...