i think peoples tastes are going to vary HUGELY.. so the more designs the better.

Goodluck… be sure to post the link up when things are up and running [specool]

shares can be insured, however its very expensive and most will only let u pick from a list of shares. And then the company has to fall by at least 10% i think.

Is it worth it? Unless u think a…[Read more]

Tools

yes i know that tools, but he has a number of advisers that write books for him. Such as the book he has on australian companies and trusts. And in this instance- Dolf de roos wrote a book for him under the “rich dad poor dad” title about australian property. I guess Mr…[Read more]

the first question that came to my mind is ‘can you afford both rent at the place your staying at and paying off the investment property’?

this would come back to what property you purchase, but someone in your situation may want the extra security of owning your own home. plus the worries of keeping tenants in as well ( even though…[Read more]

Bo, that may save a few hundred or maybe even thousand of dollars now, but could cost dearly later on.

i should have thought of that lol. Thanks Terry [thumbsupanim]

I think [biggrin]

As for the roads, yer getting much busier. And i dont think they care about how many people leave QLD because its probaly very small compared to the ‘1000’ coming in.

i find it hard to believe that theres a recession 2 years away, but then again im not an economist am i [baaa]

do u believe what he said?

no thats not the case because you didn’t effectively pay 42% tax.

providing the IP is split 50/50 with your wife.

your income is 75000- tax to be paid on 06/07 tax rates is $17,850.
but the IP will bring down ur taxable income to $68 199 ($13602/2)

plus depreciation needs to be added into the equation mate.
and it depends on your tax witheld.

you might be better off having the “negatively geared property” in you name. You’ll be on a much higher tax rate. Means you’ll get to claim a bigger percentage on the deductions. (well thats my understanding of it anyway) and if it was a pos geared investment you’d want it in your wifes name as she’ll pay less tax on the money you…[Read more]

I have heard there is legislation that allows the ATO to tax your…[Read more]

im confused but, are you only thinking of buying that run down place your renting?

Some 20 years later they still have not done anything and spend their time regreting.

you make a good point Qlds007. Just to clarify my position I had only finished…[Read more]

I will be doing something similar next year with my step dad (using the equity in our family home). We are waiting till next year just to see how things in the market are going, thats a personal decision however. Anyone on this forum will tell you that you can make money in any market. My suggestion would be to talk to a few lenders,…[Read more]

couldn’t agree with you more misty… if you pay peanuts you get monkeys!!!!

if your concerned with your bill i suggest you do the dirty work yourself (and by that i mean adding all your numbers up on excel yourself etc) that way your paying your accountant…[Read more]

If you havent bought the investment property then no deductions can be claimed from self development.

As for lodging dodgy tax returns- the ATO assumes that the information you have…[Read more]

Michael said it right, its alot easier to the get money out that way.

I always believed in cycles when coming to investments (i still do in regards to the share market), however i stubbled accross a few graphs today. Please correct me if im wrong (or the graphs are wrong should i say [biggrin])

From 87 on to 06 property has only had 2 years of backward growth (91 & 05) both following what appears to…[Read more]

what about this? it has alot of potential for CF+.

heres a 89k house that has potential. I think….

when it comes down to it, do you really want to be paying someone elses house off?

if u can find a CF+ property than maybe renting might be a more attractive option. If it isnt CF+ than wouldnt this be the most likely scenario; ??? please correct me if im wrong…

1.you rent a house, and purchase an…[Read more]

im not experienced in property investing but i have met a fair few FP’s, Mort. Brokers etc as i work in an accounting office, and from what ive seen a good one can be worth their weight in gold. The hard bit is finding a good one. You may have friends who could recommend people to you.

Are there any other books, dvd’s, cd’s etc that anyone recommends?

FHOG is something i will look into but I probaly wont live in my first IP.

the masterpack does have alot of info and is for beginners as well, and will be fairly straight forward for me to understand i think. I was just hoping someone could tell me about their experience with using it, and if the information is…[Read more]

i do know abit about economics and I know the property market is weakening but i think there are ways to make money in any falling market.

As for reading those books ive read richest man in babylon, and at least 3 richdad poor dad books.