Thanks for the advice, we are currently looking into another commercial property, but i still have trouble getting my head around some of the fact and figures of it all, your last post did make good sence, but where did you calculate the $28k from?
Hi JebroI'm sorry to say we will be away that weekend but i will still be interested in meet you all in the near future.I would also be interested in playing cachflow 101 with "clintjs" just tell us a time and a place.Gary
It was a pity for those who didn’t make it last last nite, it was good talking to someone else who is interested in investing, although when Emmajames turned up with a small suit case I thought it was going to be a long nite, but it turned
out she was off to Sydney for the weekend. I see that their is
a group that meets every month so I suggest…[Read more]
If you would like to come and have a chat with other investors, share some stories and information, come along to the ” Royal in east Perth for 7pm this Friday 27th”,when you come in give me a call on 0405 081 376, look forward to meeting you.
For me personaly what we did was put all our spare cash into our mortgage, because it is not tax deductible, that also helps increase your equity to borrow against, for an investment, which is tax deductible.
As for being self employed and getting a loan, i found it quite easy to get a “Low dock loan” it is slighty higher interest rate…[Read more]
I have just bought a display home in Melbourne, it was organised through my accountantin Malaga, who also bought one, at this point in time it is positive geared for two years min, you can contact:
Pete- @Slikkerveer & co on 9249 4833
We live in the hills and would like to meet with like minded people in Perth, if you get some more takers let me know and we will come along.We have IP’s but am finding it very hard to make my mind up on the next type of project to take on, as Derek pointed out, things are changing in Perth. Hope to see you soon
Hi Dee Dee,
It sounds like in a bit late but it may help others, we use a guy called Slikkerveer & co he is a good accountant and is all for positive gearing, he has just found me a property in Melbourne to buy with 8% return.
Call Pete 9249 4833 NoR
I think you should take all expence into consideration as it all comes out of your pocket. I have a few negative gearded properties which i am now working on to covert to CF+, it’s all real money going out.
PS is there a new version of the 10 second rule as it seems to be way out in WA at the moment?[blink]
Buy some property, then pay off enough of the loan so they are positive geared,also go P+I mortgage, loan against them to buy more property and continue to this untill you run out of cash, hopefully you will have a few properties to give you a nice income.
Have you thought about fitting permanent wired in smoke detectors, for their own protection, a few beers and a stray fag could result in a fire, and it’s your property that would burn down not theirs.As mentioned earlier encorage them to smoke outside