this is a grey area of tax law if your paint the rooms straight after purchasing the property it is a capital improvement as you are improving the property from the state that you purchased the house at. If the paint job is required because of wear and tear from a tentant you should be able to justify it is a repair. If you paint the entire house…[Read more]

I have purchased it and watched all the DVD’s. It gives you extra insights into organising property deals and has an extra DVD as a bonus on how to get the bank to say yes. It is very informative and best of all you can watch it over and over again where as a seminar would only be seen once and all at once.
Be cautious in renovating before…[Read more]

think about what your tax rate is as say its 47.5% you have to lose 52.5% to get 47.5% from your outlay. also how much of your income is in the 47.5% tax margin as it would need to be at least 550 per month other wise the tax refund will be less as it is in a lesser margin rate.

I have no job at the moment but I recently visited my bank’s loan manager and asked how much I would need to earn from a future job to be able to borrow $300,000 . The loan manager worked it out for me and gave me a printout. As Steve’s masterclass DVD suggests ask the bank while you do not need it and also keep in mind that the bank makes its…[Read more]

Cinema tickets for prompt payment was the idea for commercial property on the tapes mentioned.

it is not a 20% discount it is a 10% discount it was 20% but it changed
when the scheme changed from HECS to HELP see
On 1 June 2006, a payee’s accumulated HECS debt became an accumulated HELP debt…[Read more]

Don’t buy the lastest technology. You pay the research and development costs. When plasma tv’s came out they where $17000 now they are less then $5000. Do not buy cars new, make your lunch, make your dinner , no take away. Learn the difference between bad debt and good debt. Good debt is purchased on stuff that goes up in value. Bad debt is debt…[Read more]

are you paying principle payments as you might be able to talk to bank and change to interest only loan. Maybe able to extend loan out .
maybe you could do some improvements to property like a carport or a garage a bit of paint and increase the value of property and recapitalise loan. need to talk to bank about this option.
If other owner takes…[Read more]

I made $70,000 over approx 4 years from an 8 hour buying trip and had a tenant in it within 60 days.
When you make your first $70,000 in a growth market this will open her eyes. It certainly opened mine !
I was living 4 hours drive away and doing university without a job so I couldn’t take too long to decide on what to buy.
Plus house was ex…[Read more]

you could get a portfolio loan instead of mortage on ppor home. This releases some of your $320,000 in equity and you cna then seperate loan for example $80,000 mortage plus say $40,000 on portfolio loan for deposit on investment loan. This is sometimes called a line of credit however you need to make sure $40,000 is used for deposit rather than…[Read more]

you could buy the masterclass dvd pack and get her to sit in front of it and learn how to do it. The first property is the hardest
People skills not needed . You need to know how to fill in application form at bank and how to walk into the door of a real estates office.
How to get pest and building inspection and a solicitor to do conveyancing. it…[Read more]

as steve says – look into home loan finance while you do not need a loan. You might find a low or no deposit type home loan at the moment as banks have less people borrowing money. St George bank is one bank I do know offers no deposit loans but you have to pay mortage insurance as LVR is not 80%. You have to be in the game as prices will increase…[Read more]

I haven’t done the actual seminar but I have purchased the home study version and the information is very useful, the quality of the video is exceptional. I haven’t watched the whole lot yet but what I have watched has been very insightful and inspiring.

Also by doing the home version I can study it at my leisure where as if you do the actual…[Read more]

I was watching TV and Mr Howard came on with a special announcement that people should spend less and not borrow too much money to buy their houses and buy consumer products.

buy the magazine australian property investor as it has bookslisted that you can buy in the back pages of it

If you do not increase the rent the tenant will think they are on a good wicket and will not want to leave. You can end up by not increasing the rent for 7 years that you have to increase the rent by a greater amount later. It is like cooking a lobster if you throw a lobster in boiling water it will scream. If you gradually increase the…[Read more]

I think great , ( I now have low debt)
I saw this coming 12 months ago and have lived through the 1992 recession we had to have !
The impeding property crash will be buying opportunity but remember that high petrol and interest rates take time 12 – 18 months to really affect the economy . I think we will see lots of morgagee sales in about two…[Read more]

If one of the investment properties has a lot of equity in it consider this scenario. I did somthing very similiar as I have 2 twin daughters and one salary now. Wait till next financial year when income is less for child carer. Sell investment property and CGT if joint names or Carers name will be less. Pay CGT and pay difference into PPOR house.…[Read more]

forgot landlords insurance and possible repair costs

you may be up for land tax
Tasmania has a lower land value threshold for land tax …
morgage setup fee
morgage insurance
building inspection
pest inspection
legal fees
interest rates are on the rise would factor in possible 10% interest rate for safety .. and fix your interest rate