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Elite Property Accelerator
Public • 254 • Free
11 contributions to Elite Property Accelerator
Mar 31
in
Welcome Aboard!
I am delighted to have you in the community. I only created it yesterday (30 March) so please bear with me as I populate the various sections and courses. Step 1: Introduce yourself in THIS thread below👇🏼 (feel free to use this intro template) • whereabouts are you from? • what are you working on/trying to do? • whats your most pressing need? ** please do NOT make a new post as these will clog up the feed as the community grows ** Step 2: CLICK THIS LINK to learn how to unlock all the various resources the community has to offer. Step 3: Please note the following: - There are rewards for ranking in the Top 3 on the Leaderboard - On Sunday evenings I announce 'Member of the Week' based on the Leaderboard. - You can move up the leaderboard by making insightful posts that others like on comment on. - Adopt an abundance mindset around liking and commenting on the posts of others. - If you'd like to promote a product or service please run it by me first (or it will be deleted) - Please be kind and courteous to your fellow members. Step 4: If you need help with anything just ask and please feel free to suggest any topics you'd like me to cover. Again welcome to the community! 👋🏼
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New comment 5d ago
2 likes • Apr 11
@Andrew Gill good man... yeah sitting all day on PC's not great for the back. No I don't recall that class in Bolton St. either 😁. However they did not tell us how universal QS work were either (at least back in my time in the 90's they didn't) - so I've been thankful that my profession has allowed me travel when needed, to provide for family.
2 likes • 5d
Welcome @Caneshe Green - it’s a shame we didn’t know you a few months back and we could have rented your premises in Las Vegas for the U2 shows ! 😁
10d ago
in
Check this out. High school to apartment complex
https://www.instagram.com/reel/C4J39s4pBW_/?igsh=aGlxZWFxdXl5Mmk3
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New comment 9d ago
2 likes • 9d
Great post, the topic of repurposing buildings is an interesting one. The financial considerations, particularly the costs associated with conversion are of course the big question. Addressing fire regulations and other compliance requirements further complicates the equation. The idea of converting Georgian office space in Dublin city center (due to the commercial oversupply) is being actively discussed, however I don't know if the numbers would stack. I haven't seen any studies, don't know if anyone is aware of sucessful projects ?
2 likes • 9d
@Gavin J Gallagher sounds good, yes I'd be very intrested to understand more.
25d ago
in
Setting up a company to buy a property
Hi All, I have a scenario in mind and I would like to ask for feedback. I have one property (#1) where I currently live and in which I have built up some equity. I will soon be moving into a new home (#2). I would like to keep my current home and rent it out but I am looking for better tax advantages. Does anyone know if it's possible for me to set up my own company which could get a business loan and purchase property #1 (from myself) and then rent the property out through that company? This way I would get some cash from the sale tax free (no CGT as its my primary residence) and then rental income would be going to the company paying off the business loan. Is something like this possible?
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New comment 18d ago
2 likes • 23d
@Daniel Kavanagh, I see what you are looking to achieve. I'm not an expert so, I'm wouldn't offer advice but I'd be intrested to see what outcome you get. I'd say you would need some specialist tax advice on this issue. Just be careful about setting up a company as any cash the company might generate from rent or sales I could only see you taking it out as salary or dividends (maybe) which would attract a lot of tax. Possibly you could put it into a pension at effectively zero tax today, but deferring the tax until such time as you're drawing your pension. Anyway you approach this the tax man will have you pretty well boxed off... an equity release on your property #1 via a re-mortgage once it's rented may be an option.. Assuming you have loan approval for proptery #2 ? You're in a good position and you're basically looking to leverage property #1 (is mortgage paid down ?) in a tax efficent manner.. best of luck with this.
28d ago
in
Property and Ego
It seems to me that Ego etc... has a lot to do with the many mistakes property investors make in purchasing property to build a portfolio, and increase the score on the scoreboard. Gavin explains this very well in his podcasts and I have , when was younger been guilty of this on more than one occasion. Now I am reading the awards on a couple of properties that I shouldn't have bought but are now labour intensive.
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New comment 28d ago
3 likes • 28d
@Gavin J Gallagher what episode is that ? Thanks
0 likes • 28d
@Gavin J Gallagher ok another 2 for the hit list as I work my way thougth the back catologue.. 🧐
Apr 14
in
South Dublin Property
I went for a long walk this morning and my route took me through Terenure, there is about 6 estate agents in the centre of the village and being a Sunday morning I took the time to look at all the offerings in each of the windows. Some very beautiful property at some very interesting prices (expensive) - how does one seek out investment opportunities in this market or is this the wrong market to be looking at ?
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New comment Apr 14
3 likes • Apr 14
@Gavin J Gallagher thanks interesting, I didn’t consider executor sales in that mindset before. It’s also amazing to consider the amount of landlocked land in back gardens of houses of 50-60 years plus in this area. Massive long back gardens 🤷
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@greg-donaghey-7151
Quantity surveyor with 25 years experience in construction. Currently working as a Commercial Director for a Specialist Facade Co. in Dublin
Active 20h ago
Joined Apr 5, 2024
Virgina Co. Cavan
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