Please note New Venue – Master Builders Association – 47 South Terrace Adelaide. Park for free in the side carpark
South Australian land tax legislation has undergone significant reform and is coming into effect June 30th 2020. At our last meeting it was proposed but not passed – now it’s passed through parliament it’s time to get serious about it.
Generally, your place of residence will not be affected, however, if you have invested in any of the following in South Australia you could be affected:
b) holiday home
c) vacant land
d) property held in a partnership, trust or company.
e) Commercial Property
What should you know and what can you do before March 31st if your land tax is increasing beyond $2,500. Learn how trusts are being assessed for land tax, and learn what you might be able to do to save land tax on properties held in a trust.
Come along and be educated as it’s important and could save you thousands. Speaker to be advised
Our Second speaker from Melbourne – Assessing & Due Diligence on JV Property investment opportunities.
If you’ve ever thought of undertaking a development project or renovation, but realistically you know you don’t have the time, skill or inclination to deliver on one of these projects yourself… Can you still have your cake and eat it too?
Actually – you can!
As development funds have become harder to get from the major lenders, developers have an appetite for private funding, which produces an opportunity for the keen investor. And investing in another person’s property development can yield a great return, between 12 – 25% per annum. But with the higher returns come higher risks that require more thorough due diligence than with buying blue chip shares. You don’t want to be the wood duck who invests and loses
So what sort of due diligence should you do when investing in another person’s development for a high return- What do you look for? How do you know a good deal from a bad one or an ethical developer from a dodgy one? And how can you protect yourself?
You need to understand the risk and rewards of such opportunities…
On Friday Feb 28th 2020 come along to our Property Meeting to hear how one experienced investor does his due diligence, what he looks for and how he is able to invest $100,000’s into other people’s project safely and confidently.
Brendan Kelly has a wide breadth of experience built up over 20 years of investing in property, Brendan’s expertise spans multiple property strategies including renovations, growth properties, positive cash flow deals, industrial properties and property development – and he is presently involved in multiple real estate projects valued in the tens of millions. Brendan has personally mentored over a thousand people in all aspects of property investing.
Today, as a public speaker, professional investor, Director of Results Mentoring and Director of leading property analysts Property Predictions, Brendan contributes regularly to articles in Your Investment Property magazine, Smart Property Investment, and other property media offering tips for property investors. He presents regularly at seminars and donates his time to local investor networking groups as a motivator and educator on property investing and wealth creation strategies. Brendan co-wrote The Real Deal: Property Invest Your Way to Financial Freedom, published in 2010 by Wright Books.
Make sure you don’t miss our first meeting for 2020 to get some great information relating to any type of property transaction.
Remember, you are always welcome to bring along friends or relatives who are interested in property investing – it is all about networking with like-minded people!