Some people may not want to give you advice because it is illegal to give specific financial advise under the lawseehttp://www.fido.asic.gov.au/asic/asic.nsf/byheadline/06-162+Has+your+financial+adviser+got+a+licence%3F?openDocumentSEEhttp://www.interprac.com.au/Operating%20safely%20under%20FSR.pdfhttp://www.in-consult.com.au/images/FSRA.pdf

Metal roofing is the realm of a licenced plumber Support beams – If it falls down and kills someone ie tenant or new owner then the coroner will ask who did the work.If you do the work you have to guarantee the work for a number of years.If you decide to do it yourself you need to know what the regulations are and whether it needs a professional to do it.

You need a supplementary income form see http://www.ato.gov.au/content/downloads/IND00138946n26770608b.pdfquestion 20 then this goes into question 12 section iAny tax paid in new zealand has to be added back to the income so it is the non new zealand taxed rental incomeRead…[Read more]

Florida beautiful one day . Hurricane the next.

Read as many property investing books as you can get your hands on. Why ? Because books are cheap compared to doing courses. You need to have a well balanced view so that you can decide what strategy best suits your circumstances and also to give you a shield against the negative comments you will get from others. Also if you can control yourself…[Read more]

If you are really committed put $200 a week into a savings account straight out of your bank account automatically.If you can do this for 2 years you will have $20,000 saved up not including the government home savers account co-contribution.Plus at the moment $5000 in term deposit earns 8% p/a interest.Do not go on any more holidays and do not…[Read more]

Rule of 70 . Divide 70 by the growth p/a to find out when investment doubles. So 70 / 7% p/a = 10 years but remember the longer the time period the more the average growth will be 7% p/a

You have to be careful you do not get emotionally attached to this house otherwise it can be used against you in negotiations.A house with tenants in it is harder to sell as the buyers experience the run around when trying to see the property. It was not the agent that was mucking you around it was the tenants.If you want to be good at this I am…[Read more]

I hold the belief that it grows at 7% p/a averaged over a long time period of 20 years as some years it doesn't grow and then for short time frames it grows at 20%  to 30%  p/a over 2 to 3 years. Now over a short time frame it might correct itself to come back to the 7% average so from a short time frame it could drop in value but over the long t…[Read more]

Check with council . Native trees especially.

download the amortization template for excel from the microsoft web site it can be accessed through excel by selecting File -new -select Templates on office online.This is what I use .

$9500 annual rent divided by $55,000 = return of 17% loan interest rates around 10% that is 7% positve after interest payment on loan.What you need to find out is what the Strata fees are. How much does having the in ground pool cost you each week ?Are there management fees you have to pay each week.Fully furnished – is there depreciation of…[Read more]

Unfortunately it seems that the templates are not in an excel spreadsheet format they are in a PDF format and word format on the Data Compact Disk that comes with Buyer Beware. So they can be printed out but not used in an actual spreadsheet , which is what I think you are wanting to use it for.I think the idea was to print them out and use them…[Read more]

Jilly,       Don't be afraid to try again or change your approach, I had a similar situation. Except I am a man but I went to uni 7 years ago and spent 3 years completing a degree and then at 36 years of age I found no one would employ me so I got fed up and have been a house dad for 4 years so that's  7 years of one wage. I had two proper…[Read more]

Having an ABN is different to actually being registered for GST. If you are registered for GST then you are required to lodge BAS statements every 3 months to the tax department and to also collect GST for the TAX department. If you check the TAX website http://www.ato.gov.au a turnover of $75,000 or more a year is when you are required to have…[Read more]

If you use an equity loan to buy a car that goes down in value over time then you are using it for bad debtIf you use an equity loan for a deposit for another investment property loan for a property that goes up in value over time this is good debt.How do you own 100 properties in 7 years ? Well it is really hard now that the property values are…[Read more]

see https://www.propertyinvesting.com/forums/getting-technical/finance/4324850?highlight=private%2Cfinancelook at {mortgage plus's} comment in above posting hyperlink !

Be careful when renovating the bathroom as it can be the most expensive renovation if plumbing work is required.If you are just thinking of painting the room, tiling a wall or floor and resealing a bath rather than replacing it then it is a good ideaMake sure you only do what is required to make the bathroom look reasonable to a tenant rather than…[Read more]

employ a quantity surveyor. Usually can claim 2.5% of building costs per year. Fittings like kitchens, carpets, hot water service, stove, ect will need to be looked up on tax web site to get effective life of item. If private use has occurred and diminishing depreciation was required for the item  then you have to depreciate the item during the p…[Read more]

You may also find a book called unlimited cashflow by Craig Turnball an interesting read.