Hi Friends,
As a seasons investor and property fan in Victoria, I'd like to have the access to either Rpdata or PriceFinder to make better investment decision based on those data.
I checked some information about the PriceFinder Pro subscription (link...
Thanks Grossreal, if the $1M is an accessible fund, is it enough to buy the pub which is under managed most of time by my employee? What's the minimum requirement except for funding to run the pub well?
Thanks All very much!
I am still considering what Paul says, "focus on what I'm doing". Just wondering are there any good examples who are doing multi-business, and all of them are doing well?:confused:
Before considering Paul's advice completely, assume doing reno is still close business as what I am mainly doing now. So I think if Nathan is happy, I'd more than happy to try :p
Thanks Paul!!!
Your comment triggers my deeper thoughts. I start to ask myself why shall I go to another business instead of focusing on one? And do I have to spread my focus to something else?
Valuable point, paul!
Nathan, it does. Thanks very much!
I totally agree your comments "dont buy or iinvest in any business until you have a full understanding of your worst cases and exit stratergy". It's especially so true under the current a little bit cool down market, and uncertainty of the future about the...
Got a question about CGT, I remember some threads mentioned before, if we trade property very frequently, then instead of paying CGT, but just pay the 30% business profit tax. Correct me please if I am wrong. Maybe James can help on this as well.
To be honest James, the answer is "I don't have" :o. So your first suggestion about buying a business which currently has lower return, but then improve it and get a 20%+ return later, maybe too difficult for me ;)
According to the above description, I got following figures:
Buying Cost: $250K + $10K (stamp duty) + $2K (other cost) + $4.4K (interest @ 7% for 3 months) + $6K (agent selling commission) = $272.4K
and also based on every "one dollar spend make two dollar",
Then the selling price shall...