Redwing & Tikki,

Derek has explained the confussion, my bad.

Cheers,

Benson

Think u might have got your calcs wrong Redwing.

Benson

Pelican,

You are fast losing any credibility you may have had on this site by engaging in this rubbish, let it go before you have no dignity left !

Benson.

The profits must be declared in line with the ownership on the title to the property. You can not legally do what Monopoly has suggested.

Benson

Whats the story with these PM’s and emails you keep mentioning ?

Rob and Monopoly,

I think you have both embarrased yourselves enough with this childish behaviour can we let it go and focus on property related issues. You both have a lot to contribute in this area and both have offered some good insights.

I look forward to your future posts.

Cheers,

Benson

Who is the guest speaker Tracey ?

I would love to get involved in your group but Fri is no good for me, maybe next time.

Best wishes,

Benson.

Wrapping is legal in Qld, and there are many on this forum who do wraps in Qld. The search function in the left hand menu will get you access to a lot of the discussions on this topic.

Cheers,

Benson.

Wow Tikki, that is a massive return for Armadale how did your friend manage to achieve that ?

Benson

I was living in the UK in 1991 when I first heard the term negative equity.

The bottom fell out of the UK market and people were literally handing back the keys to their property to the banks as the debt became far greater than the value of the property.

It certainly can happen.

Benson.

A lot of development is scheduled for Scarborough beach in the next few years so my bet would be surrounding suburbs should do well.

Benson.

I know Hegney Property Group have a buyers agent section along with their normal business as valuers.

I have never used them myself so you would have to make your own enquiries.

Cheers,

Benson.

I cant remember reading any posts of his for a long time so I’m not sure if he still visits.

Benson.

Check http://www.dtf.wa.gov.au/cms/osr_content.asp?ID=174 for details on rates and threshold etc.

Cheers,

Benson

Ezy,

Dont let your heart rule your head. You are making a business decision, if you believe you will receive a better return on your cash from another investment you should sell, if not hang on.

Cheers,

Benson.

Congats Kay,

Your contributions are always worth reading.

Well done,

Benson.

spill Yack !!

1. $1.9 million
2. $1.2 million
3. PPOR and 4 IP’s
4. Buying coastal land that is zoned for more than one dwelling between 98 and 00
5. First Ip in 94, PPOR in 98 2nd and 3rd ip in 01, last in 02.

Bought a block of land in Hillarys WA on the coast for 60K in 1994, I built a house on it so the total cost was about $140k it was initially rented for $180 per week (now $250) I estimate it would be worth around the $450k figure now. Loan is currently $115k so its positively geared. Most importantly it has given me a great learning curve and…[Read more]

Thanks SMTM,

I was leaning towards @ $10 per week, hopefully they go for that but I guess I would probably keep them regardless. A good tennant is worth keeping even at a little discount to the market.

Cheers,

Benson