Total Members: 158,200

paulkaren

  • paulkaren started the topic Financial planner/advisor or Accountant? in the forum Help Needed! 8 years, 10 months ago

    Hi all,

    Just thought i would throw this out there to see what you guys think. Long story short:We are a couple in our Mid 40’s with a young unexpected child (beautiful baby daughter). We have 4 properties in total (including ppor). Having the new bubs has made me think and plan more for the future with regards to the properties and Super etc etc.…[Read more]

  • Hi all,

    I realise there are a lot of factors involved but was wondering if anyone has opinions as stated in the title? I have a few properties on the Southern GC that i am thinking about selling one or two to free up some cash and pay off PPOR. Our original intention was to hold them for another couple of years hoping that the 2018 Comm games as…[Read more]

  • paulkaren replied to the topic where do I stand? in the forum Value Adding 9 years, 1 month ago

    Hi Wade,
    I know nothing about consumer law etc however i am an Electrician and if it is a 40 degree day outside then getting an air con to cool an entire house to 26 inside isnt too bad. There are a lot of factors that determine an air con’s capacity to cool a house and on a 40 degree day then most of these would be obvious. I live on the Gold…[Read more]

  • paulkaren replied to the topic New member- lots of questions! in the forum Help Needed! 9 years, 1 month ago

    Hi Taylor,

    I think you must have mis read my figures.(my fault for not being clear.) When i said:
    “Property 1 lost $2763 (including capital works and depreciation this figure blows out to $6114)” The $6114 is a negative number.

    In other words on Tax return- Rent received= $18100….Expenses (including depreciation and capital works)= $24214

    So…[Read more]

  • paulkaren replied to the topic New member- lots of questions! in the forum Help Needed! 9 years, 1 month ago

    Hi Paul,

    Assuming the interest rate for your properties are around 4.6% – 4.8%, Your portfolio should be cashflow positive or at least neutral.

    Just wondering when you said selling property to paying off “bad debt”, what do you mean by “bad debt” ? and what sort of interest rate are you paying for the “bad debt” ? also how much do you owe for t…[Read more]

  • paulkaren replied to the topic New member- lots of questions! in the forum Help Needed! 9 years, 1 month ago

    Hi Terry,

    We paid 10k interest in last financial year.The original plan was to keep the property for a few years and then sell during more of a peak in prices. Original thinking was holding out and see what happens with prices leading up to the Comm Games in 2018 but i was always sceptical whether this will make any difference at all. IMO it…[Read more]

  • paulkaren started the topic New member- lots of questions! in the forum Help Needed! 9 years, 1 month ago

    Hi all,

    As stated i am a new member and have enjoyed reading and learning from this site over the last day or so. I am after a bit of advice and have this week been to see a not very helpful financial planner so i thought i would do some more research myself before going down that path again. I understand that it is hard to give advice without…[Read more]

  • paulkaren became a registered member 9 years, 1 month ago

paulkaren

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,200

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!