Hi Yack,

Of paramount importance are the little tykes spoken language skills. Are they able to have an age appropriate conversation? Is their speech intelligible? Do they enjoy talking to people? Are they able to listen for age appropriate periods of time? Do they demonstrate a capacity to stay on task for age appropriate periods of time? Do they…[Read more]

Originally posted by kay henry:
1 hour to go- tick tick… just thought I’d put this at the top so all you “active topics” junkies can get to see it [whistle]

kay henry

Nah – you’re just getting your post count up [snitch]

Derek
derekjones1@bigpond.com

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

Hi A in A,

Strongly recommend you see a good broker. You may well be amazed at their magical powers.

Someone I know got told ‘no’ by two separate banks and yet when workign through a broker was able to borrow sufficient funds for two more properties.

PS the possibility of losing a customer made no difference to the two banks…[Read more]

Hi Inna,

Not an accountant so I stand to be corrected.

As I understand it – if you move into your property this will then become your PPOR and as such you will be eligible to have part CGT exemption status for this property provided you do not have another PPOR hidden somewhere.

A quote from the ATO website

“Not main residence until you move…[Read more]

Hi Bear,

Attended a two day course last year and found the two long days to be well worth losing a weekend and spending the $280.

Steve is a definite growth focussed investor (would be a good debate with Steve McK) and has a number of strategies to maximise every $ you have so you can retire before time. Steve uses property as his core strategy…[Read more]

Hi Inna,

Recommend you read chapter 6 of the attached link.

http://www.ato.gov.au/individuals/content.asp?doc=/content/31570.htm

Derek
derekjones1@bigpond.com

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

Originally posted by Chan$:
It would be nice if school subject does have ‘basic investment’ for all students. Then students be able to learn the basic things instead of have to wait ’til finished uni to aquire this knowledge themself if they choose too.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

I haven’t quoted Chan$ here…[Read more]

Hi all,

Ultimately to landlord insure or not is an individual decision.

However under no circumstances should you be without some form of public liability insurance. A recent case in WA saw a boy slip in the shower, fall through the non standard glass, seriously cutting himself and died on the way to hospital.

Someone had repaired the shower…[Read more]

Hi Georgio,

I have attached a link to a discussion about The Investors Club for you to read.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6350

I would also add a post I made in response to a question about another organisation that may also help you in your deliberations.

Ultimately the decision has to be yours and all I can…[Read more]

Hi Slumlord,

GEHA (Government Employees Housing Authority) is the WA organisation responsible for housing government employees in country areas of WA – except for those localities listedin the first post.

GEHA used to construct their own houses using cheaper levels of fitout and often with smallish floor dimensions.

Over the years nurses,…[Read more]

Hi George,

Ultimately the decision has to be yours and all I can suggest is that you ‘interrogate’ Jamie and crew until you find out the answers to all your questions.

I suggest you spend some time thinking through the ‘issues’ you have, write them down, ask the consultant, go away, think again and then ask again. Conintue this process until you…[Read more]

Originally posted by misty:
Hi Derek

I thought maybe cheapest to get contractors for hard stuff and maybe do painting and whatever else ourselves.

Given this is your intent I suggest you meet with a project home builder and get some quotes for both the ‘full work’ and the others with a discount for the ‘bits being done by you’.

As I…[Read more]

Hi all,

Hmmmmmm – then there is this opinion.

http://www.theage.com.au/articles/2004/03/25/1079939765464.html

Derek

derekjones1@bigpond.com

Hi Marisa,

Noticed this has been ‘floating’ for little while without any takers so……..for what it is worth and bear in mind I am no expert here.

Using a project builder will probably cost you more in terms of $ because you will pay for the supervisory and coordination work too. However the payoff is a saving in your time.

On the other hand…[Read more]

Hi all,

Making a will is not simple thing. In some situations a free/cheap will kit (or similar) will do the job – Eg husband and wife and no kids and no previous long term relationships.

However the minute you have a previous long term relationship/marriage and/or children then you move into a potentially loaded minefield.

If you want to…[Read more]

Hi Redwing,

No direct experience but I must say the couple I investgated seemed a little expensive (me wondering if lease costs had been built into asking price.

Additionally you would never need to worry about accessibility to transport. The display homes I looked at were always on the major entrance to the estate. As such these roads will…[Read more]

Hi SIS,

We have our wills organised and get them updated every 5 years.

Our most recent will and enduring power of attorney were composed with the assistance of a solicitor at around $600.

Our previous will was free and was written up by the state trustees. While it was free they did want to take a hefty percentage out of the estate as…[Read more]

Hi DC,

I have a 2001 ‘roough rule of thumb’ that may be os use. I do need a building type (high rise, house, etc) so that I can provide you with some useful figures.

Ultimately a QS report will give you the exact figures.

I would also add that depreciation should not be the purpose for buying a property. The purpose of buying a property is to…[Read more]

Hi Just Starting,

An extensive list of allowable claims is avaailable on the ato websie. I would also recommend a surf through some accountants websites to see if they have something suitable.

Alternatively visit http://www.gatherumgoss.com and purchase Dale’s TAx BAttles manual. For $99 you can’t go wrong.

I also have a fairly extensive list PM with…[Read more]

Hi sre,

You are well placed to move into property if that is what you want.

One of the real advantages property has over shares is the capacity for greater leverage – in other words your capacity to make your money work harder for you is better with property than it is with shares.

Derek

derekjones1@bigpond.com