I would think with a 15K (or 50K seminar) you would NOT be able to claim it as a legitimate expense.

My study is claimable because it is an accredited course. It is 100% deductible. But I doubt I would be able to claim 50K from my wages for a course that is not accredited.

Can anyone clarify for me? []

kay henry

yeah, but queenstown is *cheap* and I think that’s the point. look at what cladding did for fibro homes- it was a cheap alternative to the more expensive weatherboard. and it made properties look better- for buggar all investment.

I could say “look what tourism’s done for sydney”.

Bearsy, if i had a couple of places in queenstown, I’d be happy.…[Read more]

sis,

Would you mind directing me to any site or RE that has advertised pozz gear sydney units? Most of the units for sale are on domain.com.au, but I have never seen one that could possibly be pozz geared.

Thanks! :o)

kay henry

I don’t believe there’s any poss geared IP’s in sydney. Show me the rental unit of 170K that is rented out for $340 and I’ll take it back and apologise For 170K it *might* be possible to get a really old and bad studio somewhere. but $340 a week for it? nu-uh

kay henry

HousesOnly,

This is why I posted elsewhere that I don’t want to buy in places that have demonstrated huge CG
*now * or in the past- I wanna get pre-boom rates and get value for money. I know my price range and what I can afford. I have to stick to that- it’s not much of a choice )

Getting 20% discount on an OTP oversupplied apartment doesn’t…[Read more]

yack said:

“Kay
I dont think you understand the concept of investing in property for growth.”

Thanks for trying to “educate” me, yack, but I do understand a few things []

In fact, I cringed when I saw your comments about Queenstown. I know people who have purchased in Queenstown, and whilst I have no done so myself, I thought I would come up…[Read more]

hehe Pisces…

Matt seems pretty sincere. Doesn’t seem he has anything to prove. Now, as to others, i don’t believe a word of it! As the lies get bigger, so do the explanations- funny how some people think their audience is full of fools.

kay henry

Shirley,

If I wait another year to get an IP, that’s another year out of my old life! [] I only have a certain amount of working life left. Whilst I continue to work, I can continue to invest. “No work, no buying of toys” (IP’s) is my strategy.

Hence, I wouldn’t put off buying for a specific amount of time- there will always be bargains; there…[Read more]

Well Matt,

If you buy 5-6 IP’s with 50k, you will then be in +300K (more like 400K) debt (with costs) for 30 years. Sure, you may have a possible $5 extra a week in your pocket, but can you service that kind of debt if hte mine closes down in this high falutin town you’re buying in?

Every IP you buy is a 30-year commitment. I say choose…[Read more]

Fibejebe,

I look myself up on google when I’m *really* bored- a bit of self-stalking is good for the old self-esteem

kay henry

“Hello,

Steve a quick thank you for a great book, i purchased your review tape (a great listen in the car on the way to work for anyone interested) and due dilligence kit.”

Oh dear! Another ad!

kay henry

I see what you’re saying, richmond. I was comparing price- nothing more. What does 50k buy these days?

I bought a place 8 years ago for a very decent price. That property has now increased by 130%. To get anything in the price range of what I paid for it, I now have to buy regional.

The property dollar buys less than in used to- that was my…[Read more]

kenzhang,

Noone i know gives a stuff about the queen either- although i know a heap of queens who are quite nice- but that’s another story

People in Australia like public holidays. We also might decide to enjoy the christmas holiday, even though we are not interested in the origins of the holiday.

Welcome to Australia- I dunno about it being…[Read more]

In terms of course, are those fully tax-deductible? For example, if I was an existing property investor and I paid $15k for one of those property seminars, would I be able to claim?

kay henry

Thanks for your replies :o)

Do you think the market will truly flatten once the boom ends? Or do you think the boom will never end?

If, as HousesOnly discusses, there will be a major price correction (downwards), will people be able to continue with their strategy of accumulating more property? With a price correction, equity will disappear, and…[Read more]

naaa Fibejebe, I’m not privy to anything else about the topic. I just looked up “kevin young real estate in google.com (australian sites only). I often look stuff up

kay henry

Ivana,

The RE agent can help you do many things. The credit provider can do other things, and your solicitor can do other stuff.

As a fairly non-savvy money-type, I usually let the solicitors (yours, the vendor’s and the credit providers) work it out between them. That’s their job

kay henry

richmond- yes, I agree with your comments ) But I guess we all see people saying “I want to buy in blah- it’s had blah% CG and therefore I think it’s a good prospect.”

Buy in gloom, sell in boom, I say. Buying in gloom does not mean using other people’s misery, of course. It just means, to me, that I am happy buying in a place without much CG if…[Read more]

Queenstown tassie is the equivalent in 2003 in terms of price as to what ballarat and other regional areas were in 1998. Areas such as queenstown are affordable for those who are interested in investment but might not have much money.

If we were an art investment board, some people might be able to afford a brett whitely, whilst others might be…[Read more]

You sound like an advertisement barb, but I’m sure that wouldn’t happen around here, right?

Try the “heads up” forum, barb- this question has just been discussed there.

It’s ok- I have a green thumb- i work well with plants

kay henry