Originally posted by Terryw:
Anubus

What if your were at fault and the insurance didn’t cover you. eg you may have done some electrical repairs without being a licenced electrician – and the tenant is electricuted. Or any of a number of possiblities.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

If you do that you…[Read more]

Originally posted by Brenda Irwin:
Retiring to a passive income is what it is all about so sooner or later, you will need those cheaper, cashflow properties.[grad]

Not so sure I agree with this line Brenda. I have no intentions of retiring early, and don’t think retirement would agree with me at all (even though it is about 35 years away).

I’m…[Read more]

Glenn – you talk about tenants suing but is that not why I have insurance? My public liability coverage runs to $12.5 million.

I would think that civil actions arising from other matters are really the only worry.

Have you added in rental income? That will bring down any expected return. Tax isn’t a straightforward dollar for dollar issue. You never get full value for what you pay.

I read somewhere else (maybe http://www.crikey.com.au) about Location, Location airing segments which were filmed 6-8 months ago when things were kicking along nicely – so when they are now aired vendors get lofty expectations.

Spot on SIS – doesn’t matter if you don’t owe a cent on the cards. Just having them impacts the lending equation negatively. Surely you don’t need that high a CC limit. Get a LOC or an overdraft facility.

1. No use
2. No
3. Don’t wrap
4. Depends where you want them to be really
5. Own more than 3 in own name. A trust is good if there are benefits via spreading income but as there is only my wife and I and we are already paying top dollar in tax there isn’t any major benefit to us via trusts.

You have 4 credit cards!!! That will impact your borrowing ability. Pay them off and cancel 3 of them. Stick the 20k in a mortgage offset until you find a suitable deal. If nothing looks good pay it off the mortgage or top up your superannuation while you wait for things to correct.

We have purchased houses & vacant blocks of land. Obviously there is no income from the land but the houses more than cover repayments and expenses.

Have purchased the magazine twice in the past but wasn’t greatly impressed with it. So no, I don’t subscribe, I don’t buy from newsagent and i don’t skim it elsewhere.

What about the interesting tid-bit that Kuwait owed Iraq a certain amount of money which precipitated the Iraqi invasion of Kuwait in the early 90’s. Now Iraq never received the money they were owed, the US (and friends) have invaded twice and suddenly Hussein is the anti-christ.

Strange that this isn’t reported or given as context more…[Read more]

Lucifer,

I am very passionate about Tasmania as I am from Launceston originally. It is easy to say “stop logging now” and “tourism is the future” but a lot of people are reliant on this industry for work from Gunns employees, logging contractors, truck drivers, sawmills, shipping workers, wharfies etc etc.

You cannot end an industry like…[Read more]

Originally posted by kay henry:
Thanks for those “solid and logical” perspectives there, Anubis. [blink]

kay henry

Kay – presenting MY views on the current state of political parties as others have done.

Do you discount my views because they aren’t the same as yours?[weird]

Originally posted by _se7en_:

ANBUS

Are you saying that you will blindly follow one party no matter what policies that they have?

I guess the only opinion’s that you have are given to you.

se7en

I said I have only voted for one party, not that i wouldn’t vote elsewhere if their policies stacked up. Please pay attention before you sledge…[Read more]

Well here goes a few points/questions

Why should tertiary education be free? – please no tree hugging hippie ideals, a solid logical argument for it. I see no reason for it to be free, or for students not to pay some amount towards it.

I have only ever voted for one party (yes the libs) as I have little respect for any other party.

ALP -…[Read more]

I believe Craig Turnbull has now completed a book focussed on commercial property and development. Check out the book stores as I may be mistaken.

Well put Leigh. It is a fairly diverse group of members, from anti-wrap crusaders to pro-wrap crusaders, CF+ to -ve geared, buy and hold to build and sell.

It takes all sorts, and it keeps things a little fresher than 30,000 one eyed zealots. Avoid getting caught up in some of the arguments and use it to learn (always remembering to double-check…[Read more]

Flattery will get you everywhere Kay[blush2] but I still think you hit the nail on the head.

Nick

In some ways it doesn’t matter when you buy as much as where you buy and when you sell. Property is not a liquid investment and if you are looking to buy any old place, double your money in a year and get out, you may find it difficult.

You need to know what your strategy is – do you want to find a 40k house in a town of 1000 returning you a…[Read more]

You’ve spent a whole day looking? You may need to spend a lot more time before you find a CF+ property, particularly in a large regional centre such as Townsville.

Remember that CF+ is not the be all and end all of property investing, there are many other things to look for – particularly capital growth, potential to subdivide block, developments…[Read more]