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Sounds like your seeking praise and reassurance yet giving advice and trying to mentor.. Which one is it?

It was a rule of thumb formula by McKnight. I believe it is out-dated now as its hard to find anything that will be a "pass" based on the parameters of that formula.

Morning everyone, I noticed a few people talking about the Property Analyser tool website by another member and various other websites. I have played around with all of them and they all have their merit. There is not definitive tool that is the holy grail of property analysis. When I...

G'day. Looking through a few S.32's in past couple of weeks. Noticed a few properties in Seaford have a condition "Special Building Overlay". I guess this relates to overland flooding - or potential to.. Can some members who have more experience in the area tell me if this is a regular...

Good Morning all, Could someone please pass on or PM me the details of a Draftsman and Conveyancor whom is experienced with townhouse/unit site developments in the Seaford/Frankston area. Im looking at getting a development off the ground in Seaford and would like to run things by...

Have not been on this thread for a month or so. Made me laugh. Same drumming going on. Jen-Jen, you put a lot of effort into your posts, kudos to you for that. Must be a hard gig being a buyers advocate up there! Maybe you should consider a career in politics, since you so persuasive at...

I will be in attendance. Thursday nights work well.

Although there has been growth in these suburbs (except Sunshine and Albion), I believe it has been organic and just off the back off other suburbs growing house prices. Big issue in Sydenham, Taylors Lakes, etc is land availability. This is the issue for the whole corridor there. Once an...

Lol I agree. There are beautiful period houses, some of the nicest in the west, then 6 blocks of the nastiest units you have seen. (My father lived in one not long ago). If I was NOT going to develop a house in this pocket I wouldn't want to buy a PPR here. But in its defence there are...

http://www.streetnews.com.au/melbourne-auction-results-october-27-2014/ Wrap on the weekend's activity. Also lesson that there are markets within markets!!!

Options (to just name a few): If looking to bring others in LATER, potentially consider unit trust owning shares in the trading company. 60% of shares owned in say your family trust, with remaining 40% in the unit trust. From this you can issue units out, as they will be 3rd party you can...

A solid piece of advice for someone like yourself starting out is to have an asset protection plan. By this I don't mean by the IP in a trust or anything, but moreover having a buffer in place as mentioned above. Rule of thumb I tell my clients is to maintain 3 months salary as a minimum...

Syphon it off on the hush hush haha. Instant positive cashflow property!

Haha exactly!!! I say this to my clients all the time.

Point to possibly consider is the large supply of apartments in Brunswick now and to come. Brunswick has better amenities and appeal than many of the older Kensington apartments/units. I guess many young professionals would look at the pricing point between the two. Again, not discounting...

If too difficult to amend e-tax, write a letter of amendment. Basic topics to cover: Heading Tax File Number Taxpayer name Financial year Body of letter reason for amendment Label to be adjusted $ Adjustment Reduction of taxable income of $X Apologies for inconvenience caused...

Very True. I myself was trying to find a dual occ site there for $500-$550 budget and that is proving difficult...

Clients come in and ask me this week in week out. I tell them, due to compliance costs in maintaining a SMSF over an industry fund, as a rule of thumb I like to see $200K in the SMSF before I will sit down and talk about property etc. Also, to get the legal framework, initial feasibility...

$40 a week for having dinner cooked for you. Im coming to live with you!!!

Coming back to this, I think tax will be an issue which will erode profits. As mentioned above, first and maybe even second development like this may be treated on capital account and the CGT concessions taken advantage of, however after that this will constitute a development business and...