Search results

Hi all, I've started looking for my first IP. I was hoping to buy an IP with depreciation for bld cost (trying for positive cash flow). But when I've been inspecting, I've realised I have absolutely no idea how to estimate how much it cost to build a particular property. At first I asked the...

Hi everyone, Thanks for that. Dale...I'm off to make some notes now. Thanks for the advice. John

Hi all, It's been a while since I last posted. Busy, busy. I've just started on my tax return and have run into a question. This year I transferred some westpac shares from my name into my wife's name. These are shares I bought way back in Dec, 1995. We filled in the transfer form on 27...

Hi Paul, Thanks for that. Sort of makes things clearer. I think I'll just have to ponder over this a bit more. So, is the IRR basically the compound interest rate every year that an investment makes? John

Hi everyone, I've just started playing around with the somersoft investment software (the version for professional investors). I'm having difficulty understanding their explaination of IRR. I plugged in some numbers for a negatively geared property and looked at the IRR after 10 years...

Hi Asy, Thanks so much for your help. I'll try writing to them and see what happens. John

Hi all, Can anyone help? Has anyone heard of "USIF, Real Estate"? One of my in-laws bought shares in this trust many years ago while in Hong Kong. They had no idea what they were buying into, but just did it because some adviser told them it would be a good idea. They've never kept track of...

Hi Cad, Loved your story. Thanks very much for sharing it with us all on the forum. I'm just wondering. You said you "research the markets on a weekly basis". Can you please tell me how you do this exactly? I mean, what sources do you turn to for info? Thanks John

Hi dale, Thanks for that. I'm just wondering then why so many accountants (including my own) try to discourage the average "mum & dad" investor (I put myself in that category) from claiming deduction for educational materials on finance? You'd think they'd want to help people out by showing...

Hi all, Can anyone comment on this? Since reading this forum, I developed the opinion that if you paid for educational material on financial matters (eg.books on real estate or shares, or journals, the AFR etc) with even just the intention of being an investor, then you could claim these...

Hi everyone, WOw. Thanks for the info. Much appreciated. Still waiting for someone who knows about the situation in WA. Cheers John

Hi all, Kathryn raised an interesting thread with her concerns about land tax in NSW. I also live in NSW and am very annoyed by land tax here. We have a land tax-free threshold of $261k for individuals (not much in Sydney), but trusts need to start paying land tax from the first dollar of...

Hi Lucas, I agree with AceyD. It's so easy to go through life trying to meet other people's goals (especially our parents). It's even easy to convince yourself that they are YOUR goals too. And if you're an intelligent and determined person, you will fulfill those goals even if they aren't...

HI all, Those bits that have been posted up on the ACA website were definately NOT in the original TV story. Obviously put in to cover Ch 9's butt. Yeh, I thought it was very helpful for her to have her husband's long term experience in RE. I think he might have played a much bigger role...

Hi all, Did anyone see that article on "a current affair" last night about a serious renovator/developer in Adelaide? In 5 years this woman has supposedly created millions for herself by buying rundown properties, doing them up and selling them for a massive profit. She now has 20+ people...

Hi Rolf, hmmmmm OK. What if I set it up so that I took out a LOC based on the equity in my PPOR and used that to buy units in my hybrid trust. Plus, for the rest of the purchase price, I got another loan which is also used to buy units in the hybrid trust. But overall, I'm still borrowing...

Hiya Rolf, Hmmm. I was thinking of setting up a hybrid trust, and borrowing 110% of the value of an IP to acquire an IP in the name of the trust. I have about $200k equity in my PPOR. Would you not advise this then? Cheers John

Hi all, Just wondering if anyone can offer any advice here. My friends own a really rundown block of flats in Ashfield, NSW (inner west). There are 4x2BR flats in the block. They want to knock down the whole lot and build a brand new block. They've owned this for many years now, and plan to...

Hi investor, I actually don't think you could get 2 unrenovated terraces with good parking in those suburbs you listed. I've been looking around those areas myself and terraces are really around the $550k range in all of them. Even unrenovated, you're still looking at high 400s, low 500s...

Hi everyone, thanks for the further replies. Interesting. John