wow what a great situation to be in!  i agree with what Toni said – give yourself some time to read as much as you can about investing in property.  i havent been to any seminars but have rather gone to the library and borrowed heaps of books to learn what I can for FREE!  im from a small mining town and the collection they have here is fa…[Read more]

mine is awesome.  Mike Browne from Browne and Bird in Mackay.   he is all for property as he is into it as well.   i will recommend him to everyone. 

mine is awesome.  Mike Browne from Browne and Bird in Mackay.   he is all for property as he is into it as well.   i will recommend him to everyone. 

Last prop I bought at the very end of June.  Was listed for $330,000 but that was overpriced cos it was neglected.  Grass was hip height etc.  At the state it was in it should have been listed at about $300,000.  We could tell the vendors didnt care cos it was in such a bad state – so made a ridiculous offer they accepted.1. What was your ROI…[Read more]

Im not sure about Dysart – but if anyone wants any updates with the Dalrymple Bay Coal Terminal major expansion the website has the updates on it.  http://www.dbctconstruction.com.au/.  its now 2/3 complete.  that will help with demand in Mackay and surrounding areas.

thanks for the info    its so much to think about and we are throwing all the ideas around at the moment before starting selling it.  so ur thoughts are helpful.  

nah my personal loan of $50k.  thats my main concern at the moment.

oh whoops i didnt notice ppl had put msgs in here for me!  my bad!  i had forgotten to watch this thread.  ppl are better off sending me a message so that I get it in an email   sorry!

only one agency came through our house to get it appraised.  fool hey.

i live in moranbah, central QLD, and the rental yeild here is something like 12% average.  its a mining town though, the whole town was built solely for the mines – so there is some degree of risk.  depending on the level of risk u are wanting to take maybe u should do ur own due diligence with moranbah, or maybe dysart.

we had a similar story.  but the tenants had already moved out.  there was heaps of junk under the house still and a few bits of furniture inside the house.  stuff that the tenants decided they didnt want. the owner said that itd all be removed before settlement.  in the end it was never moved and we had get rid of it all ourselves. the sol…[Read more]

this was exactly what i was thinking about this morning!  ive decided to go back into the workforce in a year and a half after being a stay at home mum for 4 years.  i am waaay out of my old field so was writing a list of careers i want to research.  REA was one of them … although im turned off by how much everyone seems to hate REAs haha.  was…[Read more]

duckster wrote:
Now you visit the family office to get a Family payment as part of this exampleFamily office and centrelink add the 8000 loss back onto your incomes to work out deemed income for payment calculations.Now remember that troy has actually lost $5600 dollars but centrelink and family office say no you actually earned the full gross…[Read more]

yeah my financial planner told me that.  im getting the stuff back from the quantity surveyor in the next couple of days – so i was going to ask the accountant about it then.  i really wish that i had taken an interest in our finances before now, as we have had the unit as an investment since 05 … and havent been claiming it since then. 

ok so i just realised i cant send u a pm    my email is:   karen (at) tk day (dot) net  …. obviously minus all the spaces and brackets.  spam bots are the bain of my existance.thanks again

wow that would be great thanks maree!!  ill PM u my email.  thankyou very much.

thanks for clearing that all up i knew i didnt include all the other stuff, i just wasnt sure i understood how it all worked.ive heard the term discretionary trust but dont know anything about it all.  i guess i can just chalk that up as another avenue i should have explored before it was too late im getting all the paperwork together for our…[Read more]

and i know its all "very approx"      im more trying to figure out how it all works, not trying to pinpoint an amount of return.thanks!

i thought all of the interest paid was tax deductable?  not just the loss between rental income and interest?rental return for the two properties is $29,510 a year combined.  interest payments are $16,250 combined.so halve the income:my income is $14,755 (rent return is my only income)troy's income is $14,755 (rent return) and $75,000 (normal j…[Read more]

this exact same thing happened to me a couple of weeks ago.  im with CUA and they dont handle their mortgage applications locally, they outsource them in brisbane.  So it wasnt the local branch, it was a procrastination problem in Brisbane where they didnt send my mortgage documents to me until the day before settlement.  I live 2 hours from to…[Read more]