Hi Torachan,

There are always a lot of ‘ifs, buts and maybes’ in property investment.

Sure we are going (or is that just gone?) through a period when property investment was sexier than it has been for along time – really just market forces coming into play. Long term, good property will be a winner if you are there for the long haul and can…[Read more]

Hi Kay,

Yep the labour would be free but the airfares – a killer!

Just wondering how to break this to the wife.

I know “Sweetie, just off to go and paint a house for a lady I met on the Internet and will be away across the country for a couple of weeks. Do you mind?”

Sure to be a winner!

Derek
derekjones1@bigpond.com

Property investment…[Read more]

Hello Chan,

It is here already – I am using it at the moment as we ‘speak’ or ‘type’ or ‘whatever’

Derek
derekjones1@bigpond.com

Property investment support – starts but never stops.

Hi Kay,

Can’t help as I am a DIY painter (I find painting a little therapeutic) but the amount will vary depending upon the amount of preparation required beforehand.

Derek
derekjones1@bigpond.com

Property investment support – starts but never stops.

Hi Fish,

Check out Dale Gatherum Goss http://www.gatherumgoss.com

There are a number of investors from across Australia who use Dale so even if he is across town it could be well worth your while touching base with him.

He is also the author of two PI books ‘Tax Battles’ and Trust Magic’

Derek
derekjones1@bigpond.com

Read my comments? Think I can…[Read more]

Hi Dave,

Another site that has a range of calculators is

http://www.realestate.com.au/cgi-bin/rsearch?a=loan&t=res

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Misty,

What do you mean by land ‘give away’ deals?

The ones I have seen are by local councils keen to reinvigorate a town with declining population and services.

The blocks come with conditions and they are allocated to desirable (read skills useful to the town/shire).

The only comment I would otherwise make is ‘increased haste building a…[Read more]

HI Cobra,

Ask him how he fared in the late eighties early nineties.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Taleisha,

Assuming the wife’s name is not on the investment property title it is possibly OK provided the rental rate is at market rates and there is evidence to support this.

Recommend you get a couple of local property managers to assess the market rate of the property and charge no less than this. It may also be prudent to use the services…[Read more]

Originally posted by tomori:
Got to the stage where some of the more enterprising were stealing from relatives, housebreaking etc.

Never got into trouble selling porn but word got out – the tough guys would ‘rumble’ me (somewhere between the bus stop & entrance gate) to make off with them.

Hmmmmm – enterprising, yes – legal,…[Read more]

Hi Wilko,

The deductibility of a loan (or redraw) is determined by the purpose for which the money is intended – so if you redraw equity from an IP to use for non-deductible expenditure such as PPOR, Car or other consumable items then the interest component of this money is not deductible.

However having said that there is an appeal currently…[Read more]

Hi Scremin,

I recommend you do (or should that be ‘redo?’) a budget and earmark leisure/recreation spending money and maybe even time until the new found habit gets into your system.

That way you will not feel guilty when it is gone, you keep within your limits and the ‘mental anguish’ is removed from the equation after the initial figure is…[Read more]

Hi Aussie,

Was reading an article recently (about a month ago) in the Age (from memory) which highlighted that property and shares have returned approximately 11.3% per annum since mid 1920’s. The study was done by an Amro researcher.

To ‘Joe Public’ this means there is no difference between shares and property.

However the study used median…[Read more]

Hi Rogue,

Loved this paragraph.

“According to the RBA’s submission to the Productivity Commission’s Inquiry on First Home Ownership, rents on properties being pounced on by investors represented a yield on the full price of just 2.5%. Most purchases were negatively geared with no prospect of returning positive net rents for decades.”

Throughout…[Read more]

Hi all,

Superannuation access/preservation rules are a little more complex than suggested here.

Check out the ASFA website and do a search on ‘preservation’ http://www.superannuation.asn.au/super/rpm.cfm?page=wis4

It is possible for SMSF to own properties, howevere there are a number of limitations that apply – the key being the inability of a…[Read more]

Hi Geo,

I am always writing letters to parents, teachers, companies, district office, head office etc, documents for some group, meeting notes, discussion minutes or planning directions for the school as school principal and as such that side of my role takes up more time than it warrants.

By me being able to ‘dictate’ document will also release…[Read more]

Hi Leo,

On a different tack – read “Who Moved My Cheese” a story about doing things differently. A Great little read.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Dave,

If the chattels are crucial to your investment sims then ask the agent an/or vendor and put said item into the contract if vendor says yes.

Also include a condition that requires the property to be in same condition as when inspected – some dated digital photos also useful.

Just prior to settlement inspect the property (or arrange…[Read more]

Hi George,

Dragon Speak Naturally is a voice recognition software program developed by http://www.scansoft.com and can be configured for various accents including Australian English.

The package enables you to talk to your computer (with software loaded) and as you speak it types what you say to it – dictation by computer. It will also insert…[Read more]

Hi Kay,

It is good to shut down from time to time but then there are people out there who need a push and a shove (or should that be encouragement[biggrin]) to fulfil their dreams – whatever that may be and who also get frustrated and/or disillusioned because they don’t feel like they are getting anywhere.

Obviously there are others who feel…[Read more]