HOGAN MINING – Mining and Concrete Cutting

There is an interesting case in January's API magazine. Where a guy bought and sold for small profit and kept no properties and ended up with no assets at the end of his working life.

For your amusement – http://www.reece.com.au/disasters/runnerup                                       – http://www.reece.com.au/disasters/winnerWhat not to do with plumbing !

The ATO can sometimes remove an allowable tax deduction and back date it if it rules it not to be allowable and sees it as a scheme to avoid tax. Meaning you could end up having to pay it back 5 years of deductions in 2014 when they change their mind and change the ruling. Ask your broker for their financial advice license number before accepting…[Read more]

If you could get a line of credit loan you probably could borrow 22,000 for a deposit on the ppor as line of credit is usually up to 80% of the value of the house. existing loan + 22,000 = 80% of $240,000. Still would not be able to claim LOC as tax deduction as use for private purposes.Another point of interest is that you may require a valuation…[Read more]

new houses have the benefit of being able to claim depreciation on the building costs of 2.5% each year till 100% of depreciation is reached. If you are using the property as an investment.However this causes capital gains to increase as the building reaches zero and the cost base is decreased by the depreciation."I would go for a near new home" -…[Read more]

Check with the broker or mums bank lender , if mum can provide a limited 40k as security towards your loan rather than mum taking out a loan. I would not advise mum being guarantor for your whole loan as she could lose her whole house if you default on the loan.I would also advise your mum not to try for a low doc loan as her self certified…[Read more]

You still have to write the essays / reports by the due dates. I never crammed I read the material and then did the assignments and then crammed in the final 2 weeks.Plus you want to get good marks as lower marks affect your employment chances if you want to work in the field you are studying in.As you increase your studies in year level your work…[Read more]

Dave.With a young family at home and doing two subjects at university and working full time you are going  to find it tough to find 30 minutes.you will be mentored on how to do development projects and to get the most out of it you need to put the theory into practice. When your kids get to 3 to 4 years of age you will have even less spare time.…[Read more]

A house next door to me went for auction hoping to get 510,000 it was listed as 430,000 to 485,000 and it passed in and was negotiated to 410,000. Prices are coming down. 

Can you set up a line of credit with the existing bank based on the increased equity.Then you can use this line of credit loan for the deposit on the next investment loan which doesn't have to be with the same bank.See if you can get a professional package with the existing bank. You pay one fee a year but benefits go with the package.If you want…[Read more]

"If the above is true, can we say that the new property that we bought is for investment and claim tax benefit from loan interest, even though we don't rent it."  If the property that has the loan against it is not rented then the loan interest is not tax deductible.options – stay in original primary residence. Why do you want to not live in it…[Read more]

Don't kill the bees check out this sitehttp://www.beekeepers.org.au/If you are in melbourne these guys remove bee hives.To ensure that feral honey bee colonies and swarms are not unnecessarily destroyed, The Beekeepers Club offers a Swarm Collection service, with each swarm collected being inspected and treated as appropriate before being…[Read more]

Before taking your complaint to the COSL you must first of all try to resolve your complaint with the Member concerned.Visit this web site first to understand the complaints processhttp://www.creditombudsman.com.au/4518,01,1-0-Complaints+Process.php#N102FEContact the mortgage broker and ask them for contact details of their Complaints Contact…[Read more]

Question one : Not eligible see belowSee http://www.sro.vic.gov.au/sro/SROWebSite.nsf/rebates_fhog.htm#3from that web sitesee http://www.firsthome.gov.au/ and pick state you live in.3. Are you eligible to receive the grant? To be eligible to receive the grant, the following criteria must be satisfied: You and your spouse/partner must not…[Read more]

Have you considered if you are eligible for the first home buyers grant. As up until the 30th of June 2009 it is a large sum of money that could help you buy a PPOR.
You could live in it for 2 to 3 years or even 12 months and then rent it out or sell it.
If you pay a large sum off the PPOR loan principle you can borrow against the increased equity…[Read more]

There is another post in general property that recommended http://www.homemoneymanager.com as you can electronically upload statements to it see https://www.propertyinvesting.com/forums/property-investing/general-property/24196

Is it in a direct flight path of the airport . The low flying jumbo jets can be noisy when they are taking off and landing plus the wide body jumbos rattle windows and vibrate walls. Haven't purchased their but stayed in someones apartment in Mascot for a couple of days.

less than $200,000  the 11 second rule is designed to be a quick calculation to work out what purchase price will be a positive geared property. So less price than this means more positive geared. However the current property market doesn't have many positive geared properties.I would work it out like this ! It in a long winded way . Take the…[Read more]

If you didn't use a property manager it may be a cause of your nightmare. Keep about $2000 in your bank account so that you have a bit of a buffer in case a tenant gets behind. Also get Landlords insurance and have a lease to cover for lost rent or malicious damage.I had a tenant that was always behind in rent and it is frustrating but now I have…[Read more]