I’m sending you all out an email now with an attachment called “ILoveProperty.exe”

hehe- can you resist?

kay henry

Houses! Don’t be like that! I really enjoy youtr contribution, so don’t tantrum if you see something you don’t like!

I did ask sis these questions, and he has explained his answers. I take responsibility for asking the Q’s and I’m not hugely literate in some areas as it related to property, and probably need things explained fairly simply.

On a…[Read more]

You guys are funny about women- hehe. Guess we are all one bunch of Venusians or something :o) Always cluttering our homes with useless nicknacks woth you fellows rolling your eyes and patiently saying, “that’s lovely darling- now what are we going to do with it?”

You wise old things!

kay henry

Elysium,

I have been interested in finding out why the seller is selling- sure. But usually, I have a relationship with the RE agent by that stage. So it’s more about conversing with the agent.

I am more likely to ask “so, who’s the seller? How come he’s selling?” to which the agent will answer, “he has a few properties around the place” or…[Read more]

Yes- $1000 per property. But that loss is only offset on income. So we have $4-5k expenses on a property- but also 5k income. That balances itself out. It would only be losses on all these deductions if there ewas no income- but we get rents, remember? Rents make it all fun, or we would be chicking our money into a river.

Mel, when me and my…[Read more]

Mel,

Thanks for your replies Yes- newer props- post 1985- have generous depreciation allowances. But if a young man of 21 has 13 properties, they are not all mansions or new properties… Hence, I am wondering if such allowances apply.

Mel- if I might make a query to you. You said some of your props are in two names. If you want to change those…[Read more]

Bill, noone would think you had sent a virus to PI.com. You’re respected on here, Bill Time to get back into the fold and into the discussions, Bill!

kay henry

Mel, that’s all good. What I’m wondering is how sis can minimise his tax to zero taxable income! Surely, the more we earn, the more our initial taxable income is- makes sense. So you are able to reduce your income to 40k- and get back something like 5k on a tax return. But you have only reduced your income a total of 10k taxable income. As some of…[Read more]

rodneybrian! Get out of that wheelchair and walk, young man! It’s all in your head! Believe you’ll walk and you will!

kay henry

awww, don’t be [!] Mel. Remember how much tax you got back during the time of that negative gearing? :o) Funnily, by the time I started making money on my property, I had to pay a tax bill- first time in the last 9 years I’ve had to do that. That was a bit [] too.

kay henry

No kidding yack. Even the two-tier marketed places of the 90’s have now made a profit from their original ripoff prices.

If we have a crystal ball, it would be interesting to see 2 years ahead. Would people be saying “I bought in 2004 and have made a 60% capital gain”, or will it be flat?

Any seminars can boast success of “giving” investors…[Read more]

Well, I’m a simpleton financially, but I still don;t know how you can reduce 100k income to 0k income- is anyone else able to do this?

kay henry

I said *some* of us, Rugby- and by that, I mean my friends, colleagues, family etc :o)

kay henry

jak, without going into too much specifics of what happened… it’s probably a bit too much to ask the tenant to lift the carpets himself- that’s your responsibility- not his.

If the tenant wants to stay, but feels he had to live in difficult conditions, then it might be a good time to negotiate with him- that is, *if* he seems to be a reliable…[Read more]

Some of us call it “Invasion Day”.

kay henry

Elysium- not really much divergence in opinion- most of the replies felt that the agent was fair. And remember- sometimes we sell, and we want the agent to act for us then.

In the past, if i have asked about the seller’s circumstances, it was to find out if the vendor was struggling. If that was the case, I’d tend to haggle less. Sometimes it’s…[Read more]

Sure I can run Rugs- if ya wanna have a cardiac arrest on your hands! [8]

Really, I don’t do anything that really messes with my breathing. I am pretty healthy, but very unfit, if ya know what I mean.

I could watch *you* run though!

kay henry

hehe Bears

My colleague told me the other day that she and I make the prfect good cop bad cop team. She said she does all the “gently gently” stuff and comes out as the good guy, whereas I say all the things that have to be said! It’s not easy being a bad cop [8D]

kay henry

Yeah Mel, she can’t really push you around with a broken wrist!

Mel- i just do bike (40 mins), strength/weights (20 mins) and walking machine (20 mins). I killed off rowing, as it was a killer on my breathing (even before i took up smoking!). I only do execrcises that I enjoy, and knock off anything that makes me feel like I don’t wanna be…[Read more]

yeah Bears, but if I don’t get buff for austria, i am gonna meet one sad little femme when I get there ) hehe. Actually, that’s not totally true- I just love muscles. And if i don’t go every day, i become a floppy unmotivated thing.

Bears, get some of those Adelaide people we both know to go gymming with you

kay henry