Mini,

I’m appreciated that you shares the bad and good news with us. Investing in property there are always bad and good news which come and go.

I had similar problems late last month and early this month. Here are the problems that I would like to shares with you and the forum:

Property No. 1
Mid of June the tenant gave 2 weeks notice to…[Read more]

Dear All,

Name: Chandara
Nick Name: Chan$, Chan, Chandy, Kev, King Kong, Ya, Ra
Alias: Chandara
Home: St Johns park, Sydney (near Cabramatta)
Status: Married to Jun with a beautiful daughter, Kayla, 13 mth and 5 days(love her, she is so wonderful)

Start investing in 2000 and currently have 5 IPs, but still renting (hope will find my dream home…[Read more]

‘responsible investing’ – if you are responsible
‘successful investing’ – if you are successful.

learn – invest – success

$ $ $ $$ $ $ $
$ One problem solved! $
$ Next problem arrive! $
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Dear All,

Just been back from Peter Spann’s seminar on 12/07/03. I think it was pretty good refreshed me of what I forget regarding IPs.

The property session that he’s presented was quite basic, but share, options and hedging strategy was pretty good eventhough I have not use it yet.

Rejuvenation is the keys for his success.

Regards

Chandara

Resurrect,

Thank you for your invaluable informations. This problem regarding retaining wall never come across my during inspection. I inspected the property at the time just about to turn dark and never have a chance to look at it properly. Luckily I took a lot of photos using my digital camera.

The retaining wall is made of concrete and it…[Read more]

Marty,
I bought his Money Magic Video Packages which contains videos, cassettes, transcripts and manuals. I found it invaluables comparing to the money that I made after watching, reading and listening to it.

The seminar that I am going to this Saturday (12/07/03) is just a refresher for me as I gained quite a bit of experienced since starting to…[Read more]

if the repairs is between tenants then this will be a deduction under repairs and maintenance, but if the repairs just after you bought it and there are no tenant yet, then it is capital improvement.

chan$

$ $ $ $$ $ $ $
$ One problem solved! $
$ Next problem arrive! $
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let assume your current unit is $120k and you still owe $20k.

80% of $100k is $80k will be use for deposit for your new home to live in.

I believe this $80k deposit for your new home is not tax deductable because you are not using for investment purpose.

But if you use this $80k for deposit for investment property then it is tax…[Read more]

Alana, Tas Investor,

Thank you for your invaluable informations.

Fortunately We still have $920 recovered from the bond. The PM informed me yesterday that they can claims all the lose of rented but still not too sure the vacancy periods afterward.

Thank you

Live with passsion

I try to live with passion and I believe “the road of somedays lead the town of nowhere” – Anthony Robbins. I believe I will live at least 100 years or more. Now I am 27 years, 11 months and 23 days old and the clock is ticking. I still have at least 72 years and 7 days to live and counting down. So I must live my life to the max.

I’m an…[Read more]

I just bought bought Anthony Robbins CD packed “Get the Edge” and found it very interest especially regarding how to live your live to fulfillment and passion.

Sometime people take it so hard on their life and when look back what they try to achieve, found that they have not set up there goals yet.

I believe you should live your live to it full…[Read more]

Instead of spend too much time figures it out which one is better. May be just go out there and do it.

Just do it!
Just do it!
Just do it!
Just do it!
Just do it!
Just do it!
Just do it!

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$ One problem solved! $
$ Next problem arrive! $
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Mickey,

Sound like a good investment to me. It would be nice if I can find this sort of deals.

Good luck

Chandara

$ $ $ $$ $ $ $
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$ Next problem arrive! $
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Before I go to any banks/financial institutions I normally go to Mortgage Choice because they compare and find the best deals for you. Once you know which banks/financial institutions is best for you then you go direct to that banks/financial institutions and negotiate for even better deals.

As I am a wealth packages member I have my own…[Read more]

Thanks Trueblue I am really appreciated

Chandara

$ $ $ $$ $ $ $
$ One problem solved! $
$ Next problem arrive! $
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To All & Trueblue,

More info regarding Land Tax.

None improve value to be tax:
1st IP – $218k
2nd IP – $65k

Current situation.
I live in my own home which mean exemption from land tax. But in the next few months I will be moving out and rent and turn my own home to IP. This will be more land tax.

In this situation, will it be a good idea to…[Read more]

andrew

so far I have not found any near coast, but Logan City in SE QLD there are still some there.

Chan$

Regards

Chandara
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The truth is out there!
May the force be with you!
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Michael,

Defense housing keep sending me info packs. The info is quite good, but more related to -ve gearing PIs. There management fees quite high 15 to 25%. Rental guarantee up to 9 years. But it is pretty hard to raise the rent when you lock it.

Chan$

Regards

Chandara
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The truth is out there!
May the force be with…[Read more]

Andrew,

After reading your posted I would recommended you to go out there and do it coz you are mentoring yourself. You seem to have a lot of knowledge of investing.

Chan$

Regards

Chandara
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The truth is out there!
May the force be with you!
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AD,

They are townhouse. With my calculations it will be cash flow +ve soon.

CKev

Regards

Chandara
*************************
The truth is out there!
May the force be with you!
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