shane.barry28876 wrote:
I enjoy pasting and cutting and such like.

yeah, so do I Shane, but not when it comes out on the post totally different in appearance to the actual document I was trying to cut and paste.It looked like a genetics code.

it's funny; you would think that people would move closer to work, get rid of the car and save time on the commute and money on the gas.But no; the average Joe is doing just the opposite; moving out to where he can buy a big house for less, and buying the best car he can get a way with and driving an hour or more to work.So, I guess the peak oil…[Read more]

So let me get this right;you pay them $5K per year for them to find you deals through developers that they know? How generous of them. Why not approach the developers directly. The 'closed deal' line is BS.Then, you get the "right" to buy the blocks for $100 -$200 per lot after paying them $5K?? Again; how generous.Then, at settlement you hope the…[Read more]

Before you do anything, have a look on Neil Jenman's website to see if they are listed as one of the bad guys to steer clear of.You can send him an email, and if they are dodgy, you can be sure Neil will have heard of them and give you the details.http://www.jenman.com.au/

A bit of background first;We live (not at the moment) in "Dromana", Victoria. It is a bayside town on the Mornington Peninsula, about 1 hour south of the city. We bought there in 2000.It is right next to a township called "Safety Beach", which is about 2 miles up the road closer to the city.Both townships have been traditionally holiday…[Read more]

The Banks will take into account some of the rent (most will factor in  70%, but there are some that will use more – up to 90% I think) towards servicability.The other thing you haven't mentioned is how much you wanted to spend on a property; the purchase price and the rent return may be a hurdle with getting finance, so you may want to look at s…[Read more]

Hey Pete,a few options come to mind;First, it would help with the cashflow if you can convert the loan repayments to interest only. This still gives you the option of paying down the principal when you want to. The interest on you loan will become tax deductible when you turn the property into an I.P, as well as all of the other holding costs…[Read more]

You can puch in all those criteria on the realestate.com website and it will bring up a number of places if they exist.Then, you can narrow down your search to a few suburbs that you are interested in and then the real due diligence begins.All the properties will have an ad by the selling agent attached, so you can ring them or email them and find…[Read more]

This sounds as though you are "capitalising the interest" on the I.P loan?Capitalising the interest is good for short-term cashflow, but there is a danger in that you are adding more debt to your financial position, while you hope that some cap gain offsets the extra debt. This is a bit like gambling, and you need to be realistic; life happens.…[Read more]

yellina wrote:
Dear Marc. The only way you can do that is upload it on the net and give us the link or. Cut and paste all the data on the excel sheet on to the post. Regards,Hari Yellina

Hi Hari,I tried to cut and paste but the figures came out as a jumble.If I upload it on the net, where do I upload it to?We need to have a function on the site…[Read more]

Further to what Stu has said, you can also take your profit to a degree through living off the equity in your portfolio. This is without selling any of the properties of course.The other way is to sell a couple of properties to pay out the debt and have debt free properties that provide you rent. The rent is now taxable as it is a positively…[Read more]

zodovolo wrote:
This is my first post so bear with me.. ThanksI own a property and its worth around $300-$310k. It has a mortgage on it for $240k. I bought it last November. I have become self employed since January 2007 and I am now looking at getting married. The thing is, I have spoken to a few brokers and they didnt want to help me because I…[Read more]

Hi Nami,I took out an interior wall in a unit we own a few years ago as part of the renovation we did. We sold it 2 years ago to fund another project.The renovations took 3 months, and by this time I new all the other unit owners and they all came through to follow the progress with interest. No-one from the body corp said anything, and I didn't…[Read more]

Drove past a high school yesterday at 8.30 am.First time I've had to do that in at least 2 years.What I saw was hundreds of teenagers walking to school with take-away Starbucks (their coffee is ordinary and I don't drink it for other reasons) in their hands, and a Macca's or B.K in the other hand.When I was a kid, teenagers didn't drink coffee,…[Read more]

Milly wrote:
…….and seven years later they get divorced

I hope thems not the words of someone bitter and twisted?

F; that story is a head shaker, and it happens so often it is maddening. Mistake 1. The guy buys what seems to be a brand-new townhouse? How often does this happen when the price is no doubt the developer's price; not what the market is asking.Mistsake 2. He starts off at around 6% interest, and when it climbs to a stratospheric 6.71% he is…[Read more]

Phorsha wrote:
OK so the actual cost of the motor is deductable but the door isnt…I think ill just wait until im in there.

If you replace the door as well then the door is deductible

I've never heard of comments like these, but I think that the comment is a bit of a warning sign.Your friend would do well to do some thorough research into the resale values of similar apartments in the immediate area ovedr the last 12 months, and check with a few local agents on the rental; demand, vacancy and rent return.As far as I know, the…[Read more]

Our wedding cost $6k – I paid for the whole thing as my and her parents are broke, and my wife was studying nursing at the time and earned little.We only invited 80 people, it was a great day.Our mindset was to pay off the PPoR; not waste it on one day that no-one else really remembers anyway other than us.

crashy wrote:

L.A Aussie wrote:
See; another case of the chip on the shoulder, "I stuck it up you – you're no better than me" attitude.Endless.

as opposed to your "Im so busy pointing out everyone elses flaws I dont realise what a jerk I really am" attitude? careful up there on that pedastool, you might fall off one day and be forced to…[Read more]