Strategy: Consider multiple cheaper Properties

Nothing is easy anyway, I just spent 3 months working near everyday to finally secure something at a fantastic price, but was some luck in this one I will admit, but have had to miss many (that took a lot of DD too) to finally land this one.

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re the above, just got one that will be above 10% return, but is cheap resi, not really any work to do & no risk . I wont say the amount, but you would laugh. Wish I could find them quicker !

I do not like the idea of negative investments either & with the lending in resi the way it is now you will come to a quick stop.

 

Beano, don't you get lonely and bored hanging out with us resi lovers ?

I don't like the way you could come and play in our sandpit, but many of us can't play in yours !

 

I do have residentials investments but only 30 (plus 3 holiday/personal/family) ...it is just they return so little rent (relative to the commercial )
Ps you can play in my sandpit ...i can't be the only one in this country !

 

30 is enough paperwork for the return !

Thanks for the invite, I would, but not enough dosh or assets & not enough time probably to change

 

For most people, buying properties primarily for tax purposes is similar to buying shoes for their shoe laces.

 

....or buying expensive properties in the inner Southeast with poor returns vs buying House and Land in Outer Melbourne...

 

The thing is in times of boom. For the easiest significant gains is to buy blue chip above the median

 

Recently, Had a client sell a inner city property within 12 months for a $1mil gain.

 

Not that simple........you can be deep poo if you have to hold....

 

Great...but how do you manage the tax bill?

 

Just pay it. Minimise it as much as you can but even at full tax there will still be a huge amount left over.

 

What is your tax bill like Sash?

 

About 80k plus.....

 

Yours....

 

Having a huge tax obligation is a good problem to have

 

Of course. But the way I see it. A little bit of short term pain for huge medium term gains is well worth it.
That is if you can keep it under control

 

$400k plus

 

You win!

 

Thats is about right...you have a portfolio about 5 times my size.......over $70m?

 

If I have made significant capital gain but don't want to pay the tax in one go, can I sell part of the ownership to kids in several years to keep the tax rate lower?