Hi, to my knowledge land tax is calculated on “unimproved value” of land. Up here in Qld this value is shown on your rate bill. Drag your rate bill out of the cupbord it may be on there.
Caddy..where there is muck there is money.
Hi Caddy here, I am watching the replies on this topic raised by Delyse with interest. To be older with the thought of no money is a scary thing. . While I appreciate that the risks are there and sometimes real so is the risk of spending the later years of your life with no money. Delyse what you need is mentor somebody who can guide you. I…[Read more]
Hi Delyse, I am 53years old and know just how you feel. Risk is a frightening thing but without it growth is limited. I have 5 properties know but sadly only one is a positive cash flow. I am taking steps to rectify the others now. It has taken me since the year 2000 to research, understand, set up financial structures etc so it definitely…[Read more]
Caddy here, I have not had to make a claim for damage but when I made the claim for the rent in arrears MGA did checkwith me if I had any thing to claim under the damage clause. Sorry I cannot help you furher than that.
Hi Mary B, I have IP in south east Qld. I use MGA Insurance brokers P/L – Toowong Qld – phone 38761224. They paid up for me when a tenant refused to. I took a while for he processing but there was no arguments from them. In the instance of tenants defaulting though the eviction has to take place through the courts for the insurance guys to…[Read more]
Over the last year I recognised what I was spending on “non essentials”. For a month each day I would go over what I spent and identify what was actually waste eg coffee with the girls at work etc. The waste was enormous. I started walking to walk instead of catching transport……that sort of thing. Now at the end of each day I identify stuff…[Read more]
Hi Ezy, I am due to retire in a couple of years……earlier than most. RK,s books and single night yearly mini-seminars which I have attended over the last couple of years have allowed me to not only plan and set myself up for an early retirement they have also shown me a way that I can maintain an income when I retire.
I have been caught by the negative gearing trap although the properties I have got are experiencing good capital growth….in this current market cannot always be guaranteed. Positive geared property unless wrapped/optioned etc is reliant on acceptable rental income being maintained to meet at least the 11 sec rule if not more.
We have all been bitten by real estate agents tactics, especially in this fast property market. I agree with Home Guy Loan, I think the Agent will come back with “please increase your offer if you really want to secure this property” routine.
Personally I always try and avoid what I call “Contract Auctioning”. It is an indicator of the market…[Read more]
I have never heard of this approach. Obviously there is no conveyancing company or real-estate agent involved as you would think they would pick it up. Sounds dangerous to me as the banks would not view it favourably.