Hi Servant Heart,

It seems to me that you have done all the theoretical training but still have a difficulty taking the first step. First of all be assured that this is not unusual and that you are not the first and you won’t be the last.

I wonder if part of the issue is that you do not know why (in specific terms) you want to be a property…[Read more]

Hi Greatpig,

Thanks for that. I have provided the link here for anyone interested in seeing what is ‘in the book’

http://www.gatherumgoss.com/shopping.htm

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by ridi:
the finance side of things very tricky but thats how they (the banks )want it to be[evil5]
thanks for your reply[specool]

Hi Ridi,

That is why having a good broker as part of your team is fundamental to your long term success. They will get you organised correctly from day one. Suggest you email some of the brokers…[Read more]

Hi Laurence,

Pure Trusts are an American structure. Different country = different rules and phraseology.

Suggest you do a search of the forum for posts about trusts – there are plenty. Or better still grab a copy of Dale Gatherum-Goss’ ‘Trust Magic’ $99 at http://www.gatherumgoss.com – drop me an email with subject line trust book and I’ll email you a…[Read more]

Originally posted by NolaO:
Have just been watching Hot Property and once again saw somebody renovating a property and putting it back on the market in 12 weeks. Have seen this done on a number of occasions and am wondering is there some tax loophole re CGT that you benefit from by taking this approach??? If not – what is benefit is there in…[Read more]

Originally posted by richmond:
Some people hear the 11 second rule and then tune out… there’s a lot more to it than that, and a lot more research to decide if a property is a good investment than just looking for 10.4% yields.

Hi Richmond,

I suspect the reason people come here asking for properties meeting the 11 sec rule is because that is…[Read more]

Originally posted by ridi:
.you can have your money in 5 seconds if you so wish… carnt do that with the ol bricks and mortar

Hi Ridi,

If you set yourself up with a LOC you can access the required money very quickly and easily, and retain the asset, if ever required.

We have some spare cash available in a LOC that we keep up oour sleeve. This…[Read more]

Originally posted by Roofarmer:

I truly believe that this area with it’s beautiful award winning beach and new train station is set to boom.

Hi Roofarmer,

The Warnbro/Rockingham area has been booming for some time as savvy investors starting getting in some time ago.

The train will maintain the growth (but not at ‘boom’ rates) as later…[Read more]

I still smell a rat.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Billy,

Suggest you have a look at the following thread – it discusses some ‘investment books’

https://www.propertyinvesting.com/forum/topic/6845.html

Not sure if Peter Spann’s books crack a mention, if not, would add them to the recommend list.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never…[Read more]

Hi Wake,

I would strongly suggest that you do have a chat to another broker (or 2) and see what they say. I don’t mind limited cross collateralisation but from the sounds of it you are ‘crossed’ to the eyeballs – as such it may even be a case of one step backwards to go forwards again.

But in answer to your initial enquiry regarding LMI or not.…[Read more]

Hi Marsden,

Having a time limit in which to make a decision is a sound strategy as it does allow you to time to make a decision. Having said that – in some markets 10 days can be too long, in others too short and in some just right – so the ‘solution’ can be problematic in some respects.

As for the ‘current economic factors’ you mention – these…[Read more]

Originally posted by alvinmercado:
Does this mean landscaping to increase value of the house is not tax deductable? In general does that mean any improvement to the house (if not considered maintenance is not tax deductable?

Hi Alvin,

Improvements are not tax deductible rather they can be used to offset any future CG liabilities.

Do not forget…[Read more]

Originally posted by ridi:
[purple]I offered my knowledge on property for his exertise on multiplying money for deposits he would have to place the same money down as me but of course the joint venture would mean the properties belong to both of us…dose this sound fair??

In terms of financial commitment this seems a resonable arrangement – the…[Read more]

Originally posted by depreciator:
2. If an investment property purchased after May 13, 1997 is sold, depreciation eligible to be claimed on the building must be factored into CGT calculations whether it has been claimed or not. So you might as well claim it.

Very few accountants know this obscure rule. I mentioned it in a seminar

Buggered if I…[Read more]

Originally posted by bigben:
The tree is probably on the boundary of the 2 properties and mostly on my side of the boundary as the base of the tree is around 1m diameter.
its between a pair of gunbarrel houses that only have about 2 m between

Methinks you are best (if able to) removing the tree now anyway. A small spot like that for a growing…[Read more]

On behalf of Lucifer.

We need to know what you need before we can send it to you….

Otherwise I could send you info about tax benefits of property when you want to know about ways to avoid paying high deposits…

Rgds.
Lucifer_au

Posting this response on behalf of Damien.

I sort of get the feeling that’s one of the resons for these forums

What were some of the specific things you were wanting to know.. I’m rather new myself – so cant guarantee I can help – but there’s plenty of helpfull people here that I’m sure would!

Damien

PS Benny – Post the question only once – I…[Read more]

Originally posted by DamianHartin:
I was sort of getting the impression from Steve’s books – that the whole point was NOT about location?

Hi Damian,

Steve’s first book focussed on cashflow and also mentions a number of critical criteria that identified ‘Ballarat’ as being a suitable invetsment for Steve at the time. These attributes are listed…[Read more]

Hi all,

For those looking at Port/South Hedland

http://www.theage.com.au/news/Business/Troubled-BHP-plant-faces-closure/2004/11/11/1100131135059.html

Calvin is in a better position to clarify current state of play.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.