PropertyInvesting.com | geoff s | Activity

geoff s replied to the topic Future Interest Rates in the forum General Property

Fri, 02 Nov 2007 00:04:02 +0000

Gee , for us so called oldies ,remember what the rates were in the 80's. up to 18% , no this could sort some of us out including me. Hope the rates stay around 7 or less. geoff

geoff s replied to the topic Does anyone deal directly with tenant instead of through RE Agent? in the forum General Property

Mon, 24 Sep 2007 22:17:24 +0000

Hi I have 3 IP properties ,2 R located within a couple of Kms of where I live. I handle these. The other one is 200 kms away so I have a PM to handle this one. U R right ,a leaking tap and the PM engages a plumber ($ 90.00 to fix) ,where as if I was closer I would have replaced the washer. The choice is yours. cheers.

geoff s replied to the topic sick of greedy plumbers & electricians in the forum General Property

Mon, 24 Sep 2007 21:59:48 +0000

Try to engage a sparky and or plumber who have just commenced in business themselves. They R trying to get a business going so there prices would b O/K. I have no trouble with mine ,Young fellow going out by himself. Geoff frtom P/W

geoff s replied to the topic sell or hold in the forum Help Needed!

Sat, 25 Aug 2007 06:17:15 +0000

Don't forget U have to pay CGT. This will eat into your profits, I'd hold & use the equity to purchase others. Good luck, Keep us informed Geoff s

geoff s replied to the topic GST and our Commercial property in the forum Help Needed!

Sat, 25 Aug 2007 06:11:34 +0000

Wayne On all deals I am involved in I have it written in the contract that if the ATO deems that there is GST payable then the purchaser is liable to pay to me that sum of money. I'm registered for GST. I don't lose which ever way it goes. Geoff s