Wow interesting article, good find & supply,

Hmm can be viewed as a great opportunity for long term investing, certainly not for the short term > High unemployment, low morale, dimishing business cocktail for disaster or keen edge investor to hit while prices spiral down and hold for the up turn.[cigar]

Interesting reading all the same

Been awhile since I have been here, but I was also told by my accountant that you can not make those interest claims either.

They come into base costings, and subtracted from lovely GST @ sale time.

Only interest on the actual loan regarding the actual property, will be deducted.

Again my opinion and…[Read more]

Cheers please paste when confirmed

Mark

I think that was safe / good advice for him/her. $ 20 k a month would more than suit me

Could even save every second month’s 20k and buy property with that

Just food for thought hmm 6 properties a year

Cheers

Unfortunately I bought my first i/p without the due diligence / knowledge [confused2], so definately work out a structure / plan on what you want to achieve in your investment career / portfolio.

Like all i/p they can work if part of your plan, what can seem appealing to you may not be appealing to other investors, maybe because it…[Read more]

Know where it is, bought my first i/p not far from there

Look forward too.

Cheers

Thats ok, there are many links out there as there are books I guess. Sometimes you end up stumbling across them.

Hope u had a good xmas & new year.

Cheers

I read that link I think Terry posted in the commercial / finacial section re: Ato hot list.

Will be interesting to hear from you and your views on when Ed does his guess speaking. From the forumn here I have only heard positive.

One more thing, in your structure, is basically setup with a company & trust format ?

CHeers

Sorry Red really should have done it in the one paste

http://www.cleardocs.com/products.jsp?doc_id=21

I have a link you might want to check, you prob already know it. But I am new here as you can see

>> /www.ired.com/

Cheers & have a good one

Unfortunately I am at work now so carnt remember the other books I have read re: trusts.

I have surfed a few web sites and info links etc from books and resources.

The structure I refer to is the company > trust structure, I know it is basic, from what I have read from his book and other resources, appears to be beneficial.

I…[Read more]

I probably dont, but its just my personal insight I have never moved / relocated a brick house.

I take it you have relocated a brick house? If so what was the out come? Was it worth it ?

What about the base? Wether board house is generally wood, adding extra integrity ( i.e. bracing) for transporting.

Again just my opinion, and I do…[Read more]

Interesting reading, believe someone else was running a threat here on that particular trust / Lichtenstein.

Hmmm see what happens:)

Good find Terry, keep it up

But again depends on your personal situation and where you want to go.

Will the property be +geared? Imagine that, a cashflow, not too mention depreciation of certain fittings & fixtures you have just slaved…[Read more]

Interesting thread, Dazz when it all sorted, please let us know , if all goes well naturally seek compensation plust interest

Cheers & good luck

I know the difference between weather board & brick, just didn’t want to go into too much detail.

Basically you will be going into minimal salvage, i.e truss.

With a weatherboard house, they can go in the house and cut it into ‘transportable’ sections.

If you were to debrick the house and have all framework exposed, then…[Read more]

It is interesting reading there, and he has been around awhile, I remember reading some of his articles a few years back.

It’s always good getting / learning varying opinions

Cheers

Benalla is a nice country town. I grew up the road from there Wangaratta, but now Sydney.

It is getting more tourist to the location, but is still growing / developing, slow but not going backwards.

Good purchase there

Maybe nextime you get down there time it with the ” Rose & Garden Festivale”.

They have a couple of big draw…[Read more]

Personally for a quick start invest in self education re: property investing & structure.

I can see your eagerness, but (sorry to be a downer) if you leap in without the right knowledge & research, your investing carer may be short lived or with wrong investing serverely hampered.

Sorry again to be a wet blanket, but research…[Read more]

I have just finished reading Ed’s & Tony’s book > “How to legally Reduce your tax.” which is quite informative on trusts / structure.

I came across this through this forum & M Yardney newsletter ( fantastic reading.)

The book is a great read and covers various trusts and structures geared specifically for property which most of here are…[Read more]

I would also be interested in attending your meets too. More brains involved more ideas thrown around.

Cheers >> coll2mar@hotmail.com

Personally I havent looked at spec homes because generally the infrastructure isnt there, i.e railway stations proximity etc.

However these may come in time, it really depends on your investing goals and current situation etc.

The advantage would be the high depreciation of fixture & fittings etc, but this should not be your whole…[Read more]

Hello varying comments there.

Mate tell you the truth I am with the other guys never heard of anyone moving a brick house, or dont think it even possible.

Is the house on a cemement slab?

I am not a builder but the bricks hold the house together, without them huff & puff the whole thing comes down.

Even if possible the costing factor…[Read more]

Maybe some money to be made there, to bring out the first 100% Commercial Meal deal

when I logged on the other day thought I put >> .au or forgot to put in

I actually like it, very user friendly, modern.

Maybe for people like me you could add spell checker for the late night postings

Will the new layout give us all higher access could be an early x-mas present.

On that note good work on the new layout & a…[Read more]

I am currently reading the same book now, I have just finished Ed’s book Re: structure / trusts etc, which I had no idea existed before I joined this forum. ( acutally did read it in Steve’s book. )

Both books are fantastic reading, coming from a person that hates reading ( rather be fishing).

As they say the guys no the biz, and quote…[Read more]

Does this apply to Commercial? << dreaming

Mate hate to admit but I am in the same boat but just not dealing with the wedding at present

I am lucky I do shift work 4 on & 4 off, basically on weekends and night shift @ work ( shhhh ) I take my lap top and do my research and search for property.

My partner has the same interest in property as I do in ‘The bold &…[Read more]

I totally agree with all the above.

Futhermore concerns can also be raised about the management rights too. I.E are they good at their jobs, is the rent guaranteed, and if they go broke or sell management rights? what else can be done with that property, zoning?

Stay with houses or units ( outside of motel style)

This is my 2 cents…[Read more]

Seens you have just laid the turf down, now would be a good time to roll the affected area up, lay some more top soil to create a more even base.

Then roll the turf out again, and then go down to bunnings or k-mart and get some grass booster feeder.

This will stop the water forming the lake in the bottom corner ( although having your…[Read more]

Cheers & thanks for the reply, that was roughly what I was estimating the interest rate to be.

Will pm to, have a good weekend.

Mark

Thanks for the reply, I have equity in an existing i/p, but dont want to use anymore equity than I have to, naturally to keep it free for other ventures

Cheers

I dont mind adding a little too if I may.

What starts as a leak could be very much more than a comestic stain. Personally I would pay a building inspector to assess the exact cause and approx costing for repair.

Leaks in roofs can cause all kinds of nasty damage to building rafters and other structual damage.

It is upto to you if…[Read more]

I totally agree with Jenwren, Re: Solicitor, by chance did she go to this solicitor through recommendation of the developer?
There is no need for your sister to even approach this person.
New solicitor for a start.
Read the exact wording regarding the finance, what a developer trying to source her finances? hmm maybe he can go guarantor too…[Read more]

Bit of bad luck there, but if you go through your contract of sale I’m sure you will find the relevant info in there, that you purchased a property in good faith and certain condition.

If the damaged occur before settlement I beleive the vendors are responsible for this costing.

If in doubt contact your solicitor, might be more…[Read more]

I would get the bank to pay for that cost or valuation for refinance, generally they waiver that, sure they will if you indicated your looking at other financial means.

It is bad they dont tell you what their value is, think they only kinda indicate if it is out by more than 20 % either way, even then its just like watching the credits…[Read more]

Interesting question, I dont personally know the answer, but my guess the bank would look on it better if a new lease was done.

Maybe guru Dazzling may reply