Yea pynecone,
that is what I had heard! I have recently become more and more interested in this subject as I have about $40K sitting there paying 15% tax and fees and definetly growing by less than that! The Tax thing is a lie, not sure how much tax I pay ongoing.

Cheers

C@34

Hot and Dry!

Don’t know realy, haven’t been there! LOL

Cheers

C@34

originally posted by foundation:
I would suggest that your best ‘investment’ would be to get rid of those debts. You’ll be hard pressed to safely find an asset returning 10-18% compounding this year.

Cheers, my thoughts have been split (for want of a better word); I do want to focus on getting rid of these two debts ASAP and I guess doing it by…[Read more]

Oooh-yeah!

It has taken 8 short years to convert my beautiful wife from “Learned $400! What can buy with it all” to “what is the budget”. It has been hard and at times very very nasty fights have erupted, but I have been able to show her what it can do and we have been able to put away nearly $500 each fortnight.

We have also gone away from the…[Read more]

Ouch lukis p,
that hurt my feelings! I have often wondered why every-one thinks Karratha is sooooooo much better than Hedland! Perhaps it is because you have Roeburn to keep your riff-raff (oooooo that’s nasty!).

BHP Billiton have closed Boodarie’s doors and wont be operating it ever, but that doesn’t mean nobody else will! Nelson Point and…[Read more]

Hey there Wayne,
long time between drinks!
You most likely wont get 4 x 1 acre blocks because you need to provide vehicle access and room for services (phone, power and sewerage, etc). Keeping this in mind, you might have to redo your numbers (unless you have already included this in your equations).

Talk to ‘Greg F’ (eastern states) and Ausprop…[Read more]

Kasia,
nothing beats actually going in and doing it! If you find great deals, bring them to the forum (minus address details) and people here will help you assess the real numbers of the prospective IP!

Make sure that your mothers plans are reflecting your plans (don’t want her to pull out at a crucial stage) and then have a go! My wife and I had…[Read more]

Hi Mark,
I’d say it is a bit of both, at least in the second case.

Most every-one deserves a second chance (case 1, above), but the second story has had more than a second chance. What about engaging a debt collection agency?! Big nuckle-dragging goons that encourage people to pay up?! I’d probably flick the agent too, after meeting with the…[Read more]

I guess the agreement isn’t worth the paper it wasn’t written on!

If you can, or if the property is fenced, lock it up and get the Lawyer to send a letter to the tennant along the lines of unauthorised us of your property, that he can reclaim his materials once he pays for the time he used your yard (do you have any record of him paying? Chqs are…[Read more]

originaly posted by eeshole:
To your list I would add the rise of 2 income families as it becomes more and more mainstream for both parents to work (and therefore nearly double each family’s debt serviceability, thereby allowing them to borrow more for property investment).

I wouldn’t say that their income, & therefore their servicability,…[Read more]

originally posted by mcubed:
i just want to starting investing asap, but reliase i need to read more!
possibly wait until the market settles down,
but the longer i wait, i wont be able acheive my goal of having 1M worth of property by the time i am 30! and ideas to get there quicker!

Hey, I know you feel! I’ve been “awoken” nearly 12 months ago…[Read more]

TOUCHDOWN!

Sorry, but you can always play lotto! No need to read there!

Cheers

C@34

Yes I would have to agree with woodsman!

I put off a Bachelor of Science (Microbiology) and never went back…. The lure of earning $$$$ was too great to give it up.

Now I studdy after-hrs when I could be spending time with my wife and or kids! Studdy hint I use now is get organised then use an egg timer, 40 minutes hard-uninterupted study, then…[Read more]

I KNOW YOUR TALKING TO ME BUT I JUST DON’T HEAR WHAT YOU’ARE SAYING…….

I have such a long way to go! Is this Double-Dutch-Anglo-Chinese economics talk? Or something far more specific?

Cheers

C@34

I live in Hedland.
Send me an email if I can assist you in anyway!

Cheers

C@34

well i am steering more toward property over shares, as i see shares to be a bit risky? thoughts
Hehe, this one propably will draw a lot of input, so here is my input: I don’t know much about shares! But on the whole I believe that they are calssed as more risky than IPs as they tend to be easily liquidated. The trends (as far as I can tell) is…[Read more]

Ahh yes, alas my parents came from O/S as well with the same intentions. Unlike Tom and Jos’ parents they never bought property but instead bought businesses (not all at the same time but one after the other) and worked very hard and long hours.
I can sing a song about the number of deals they had in their grasp, but let go at the last minute! The…[Read more]

It would be best if you refrased this question as it is too broad!

Shares vs Property? Big arguments comming up – Do a search on the topics and you’ll get more thatn you bargained for in answers.

How much research have you done? Any good books you’ve read? Any plans at all that you have made (appart from the obvious headline)? Give us something…[Read more]

Big M,
you have obviously done the maths on this query!Yes?

Cheers

C@34

try this: http://www.baycorp.com.au/personal_information/free_credit_services.asp?tCountryID=&tUserTypeID=&referer=%2Fpersonal_information%2Ffree_credit_services.asp&fCountryID=1&fUserTypeID=11

It links you to the free CRA report section. Takes about 2 weeks to come. If you want it today, just pay $23 and they’ll email it to you same…[Read more]