I am reading a book about the depression ahead that is due in 2010 due to demographics.http://www.hsdent.com/tgca_pr.pdfIt is a USA book but when USA sneezes we feel the effect here.

I recommend you look at the consumer affairs web siteParticularly this pdf document.http://www.consumer.vic.gov.au/CA256902000FE154/Lookup/CAV_Publications_Renting/$file/endingtenancy.pdfPage three may be useful for your situation.I live with a certain business ethic that rent has to increase each year at the lease renewal so that my tenant…[Read more]

Education is the best approach. A book doesn't cost much compared with a course or making a mistake.There are books on developing propertyThere are books on negative gearing There are books on positive gearingseehttp://www.businessmall.com.au/property-investing/property-investing-general

It is usually advised by people that investing with friends and family can lead to problems if a fall out happens.You need to have a co-owners agreement via a solicitor to protect you and spell out what happens in future possible scenarios.Like what happens if your friend decides to pull out , Does friend get capital gain if you sell at a later…[Read more]

akirk wrote:
Hi,I've just settled on a property in country vic as an investment.  I bought it from owner occupiers so it's not been on the rental market before.There are quite a few things that need to be replaced in order to rent it.  For example, the oven and rangehood are broken, almost all of the blinds are broken and the walls need to be p…[Read more]

You may need to consider your asset structure. Using a trust setup – discuss with accountant or solicitor.

do a google search on don't sign anythingit is a book that tells you all about this sort of dealing.

Check out if there are any restrictions on the land. I know of some sea side land in Victoria that had an environmental covenant on itso no bull dozers, two blocks were required to be owned side by side to build.Low level houses.

What got me laughing was that Centrelink are advertising jobs for Financial officers at the moment to advise people how they can save for their retirement when the Government policies for Welfare cripples anyone who tries to invest in property by deeming a loss as income. The response to my question by Centrelink about how I can be deemed to earn…[Read more]

http://www.realestate.com.au lists properties in the usahttp://www.allglobalproperties.com/There is a link at the top of the screen of http://www.realestate.com.au right hand sidelabelled international sites that goes to http://www.allglobalproperties.com/

From the map it seems that there are no cross roads but bridges so you are not going to have the train horn blasts or boom gates ringing.. You need to probably be at the address when a train goes past to get an idea of the noise as it might carry across the park as there looks like there are no barriers for the sound waves. However the terrain is…[Read more]

Ideally you set up two line of credit loans,  to make it easier at tax time. One for the 35k investment loan that is tax deductible and another line of credit for private use which is not tax deductible.My own bank allows multiple line of credit loans on the one property.You must also be able to service the loan repayments also !

it has moved onto the second page of the general property forum.click on the 2 at the bottom of the screen left side of screen to go to next pagewhere you see 1 2 3 4 5 6 ……….266 > or click onhttps://www.propertyinvesting.com/forums/property-investing/general-property/4329008?highlight=frankston

widemouthfrog wrote:
   All 3 properties are at approximately 90% geared and overall we are about $400/month ahead before tax. Obviously we expect that to improve after tax return time,

Why wait till tax return time to get your money when you can improve your cash flow each w…[Read more]

Hard to answerCosts involved.Selling commission to real estate agent to sell propertyOriginal Mortgage set up feesOriginal Mortgage insurance costBreak costs if fixed term on mortgageAdvertising to sell property.Legal fees for solicitorHolding costs – this is usually the negative gearing cost minus the tax return deduction you get back.Capital…[Read more]

cinooo wrote:
Many thanks for the replies sootyss and ducksterCan I ask you both.. What was the first investment property you ever purchased, and how long did you wait to make that purchase (e.g. research, planning, etc) and finally, how long was it till you made your next investment purchase?Cino

1995 Cranbourne Victoria 3 bedroom house -…[Read more]

Where you might need a valuation is if the house is classified as your main residence for the past 12 months and you rent it out and then claim another property as your main residence to now live in.When you go to sell later for the investment property the original cost base needs to be known so you do not pay Capital gains tax for the last 12…[Read more]

cinooo wrote:
Hi everyone,II'm 24 with a stable income and although I've pretty much wasted all my time and money up to now (stop doing that) I figure now is still a good time to start investing and planning for my future if ever. My short term goal is not to jump directly into looking for properties, but to catch up on financial general…[Read more]

Dazzling wrote:
Fascinating to see the responses so far. "Where are all the really flash cars – the Benz's and BMWs ??" Good question giddo… What were people's initial expectations ?? Any more people like to share ?? Cheers, Dazzling "No point having a cake if you can't eat it."

You don't buy the car when you have made it with property…[Read more]

If you do not want to pay CGT do not sell it in the future (buying another small property straight with cash).or minimize it by selling it in a financial year you do not earn income. Note Austudy, Centrelink or Parenting Payment, ECT  previously paid to you would be clawed back if Austudy or other payment was paid say to December 2009  and you s…[Read more]