Yes rental income is calculated but I thought only about 80% of your rental income.

You’re not kidding are you Chan?? If these facts are real, this is amazing and unbelievable!!!

Why is the plural of mouse mice
and the plural of louse lice
but the plural of house not hice????

Very good point, sis, this is so true! Makes you think twice to bother about these kind of investments, doesn’t it!

Also, if this property has been on the market for a while, what will happen when YOU want to sell it, good chance that it may be a VERY slow process, years even. THese retirement villages are popping up everywhere esp QLD and people…[Read more]

You should do a search on this forum about retirement villages and pensioner units, they have been discussed a few times in the past and you might find more useful info there.

ABout a year ago I was also looking into buying one of these units, or rather they came per 2 units under one title. SInce they are pretty small as you say, they coupled 2…[Read more]

True, but I don’t think the interest rate is that much higher. 6.6% I pay at the moment.
But the idea is to keep topping it up, and refinance IP asap to add back into LOC.
I’ll have a think about it though, thanks for your warning/opinions.

Health also health of my family

Happiness, also of children&Husband

Education of children and wealth creation

Hehehe! May be because they look like smarties, Rubba.

Coincidentally, Steve’s tip today is:

TODAY’S TIP
Your deal’s in trouble if the difference between making and losing money is claiming a tax deduction for depreciation.

I think I’m less confused about it now, just have to re-read what Steve has to say about it in his book, and also do some more reading by Lomas on this topic. Different points of…[Read more]

[2way]I LOVE ‘EM ALL!!!![chef][chef2][greedy][oink][sick][][tongue][tongue2][tongue3][tongue4]
May be they’ll class me as psycho

Originally posted by Chan$:
The previous issue of API magazine explain fully of how to set up LOC / Master Account.

Example:
PPOR current value = $300k, current loan = $100k
Maximum equity = $200k

Available Equity = ($300k x 0. – $100k = $140k

Set up Master Account = $100k

Buy IP1 = $100k, loan = $80k and use $20k from master…[Read more]

Enjoyable post, pisces.

Fantastic that you quitted smoking, RussH, keep it up and spend your saved money wisely[cigar][party]

I wish I hadn’t spend so much time trying to learn boring things that I’ve forgotten by now anyway, such as useless maths formulas, history event dates.[puke]
I would have had much more free time to learn and do things I…[Read more]

Thanks Rubba, I get it so far, and this sounds good. So, I understand that by depreciating you can end up in a lower tax bracket.OK

But if I assume that now, because of this depreciation, I have arrived in the lowest tax bracket, then for my next purchase there won’t be anything left to depreciate (because I can’t get into a lower bracket) so…[Read more]

What I don’t seem to be able to realy ‘get’ is about depreciation. OK I understand that by utelising depreciation your IP can turn CF+.
But does that work only for high-income earners in the highest tax bracket?
Because there’s only a certain amount you can depreciate against your wages. It may work if you buy 1 or 2 properties, but for the 3rd,…[Read more]

You’re right Blackjack[smiling], I also feel that compared to others, ‘me know nothing’ but have really found this forum is here to help everyone from beginner to experienced (lucky for me).
This is what I like, you can ask anything and they understand, because one day (a long time ago or not so long ago) they were a beginner, too.
So I give…[Read more]

“This forum I confess to feeling more comfortable asking dumb questions …”

This forum, I find, is so nice as to think that there are no dumb questions. People have to start gaining knowledge somewhere. If people genuinly don’t know something and ask for help, why would this have to be classed as a ‘dumb question’?

[bawl]
We will have to keep guessing, people!
No more hints?

Originally posted by holdencommodore:
Hmmm, I know… I wish SIS would just tell us all what it really is rather than leaving us guessing like this!

(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)

Agreed, pleeeeeeeeeeease sis since no-one seems to be able to solve it can you tell us????
[confused2] I’d be sooooooooo[happy3]

[wail]

DOes the domino theory have a lot to do with the ‘offset gearing’ strategy that you use, sis?