when’s the “mens’ only” meeting?
equal op and all that.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

Are you from Victoria? I’m guessing not.

I live in Dromana on the Mornington Peninsula; we have about 50 or so along our beach. There are some more up the Bay in Mt. Martha, some south down around Portsea, and some up near the city at St.Kilda.

Our neighbor owns one and we spend many days there with them over summer (not right now as we are in…[Read more]

History tells us that land content is the factor that drives cap growth the most.

With serviced apartments there are very high maintenance and management costs, and no chance to add value through reno/subdivision etc. A lot of the investment is out of your control. Some don’t mind that; I think it’s risky.

Crunch the numbers on holding and…[Read more]

The aim of Investing is to make money. Obvious statement, but many investors don’t.

Neg gearing means you lose money every week. If the property is going up in value at a greater rate than the neg gearing figure, then this is acceptable to some people. No one can predict cap growth however, so the philosophy of neg gearing is flawed and requires…[Read more]

In the US it’s called a “1031 exchange”.
As long as you keep re-investing the cap gain into more expensive investments you defer paying the C.G.T.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

Now that’s ‘labouring the point’!! Good work F.

“Well, yes, but only if this level of debt-growth is sustainable. If private debt is growing faster than private incomes, this is unsustainable. If total debt is growing faster than GDP, this is unsustainable. If debt-growth is unsustainable, then it must at some point slow, and the areas that are…[Read more]

Not sure exactly what you are asking here…

Anyway, a basic rule of thumb is allow about 20% of the rent to be swallowed up by holding costs (other than loan interest).

If a settlement is delayed past the agreed date, and it is your fault, then you can be up for usually around 13% interest on the property price, charged daily. You will have to…[Read more]

I haven’t ever heard a good report about hotel suite investments. A few things to consider:
1. If they are smaller than 50sq/m Banks won’t lend on them.
2. High management/maintenance fees for cleaners, pools, elevators etc. Look very carefully at this.
3. limited possibility for cap growth apparently (don’t know why).
4. Management company of can…[Read more]

I looked at Katherine a couple of years ago as I heard there was a new major highway planned from The Alice to Darwin, via Kat.

Couldn’t find a local agent, or an agent that handled the properties (they were all out of town – a long way) that was interested. Alarm bells started ringing, and got louder when I saw the same properties advertised on…[Read more]

Originally posted by jtrq100:
Can anyone explain to me the process of how I set up my casflow property to pay off a chopper or any vehicle for that matter with the tax benefits etc …

chopper = liability
I.P = asset.

Reinvest the profits (tax benefits) into the I.P, get rich, buy 10 choppers.

But seriously; you can arrange with the A.T.O to…[Read more]

Sorry no-one has responded by now Anzac.

I’ll have a go, but without more figures it’s a bit hard to really say.
Anyway, based on your post, it sounds as though you are struggling to make ends meet? Been there done that many times – asset rich, cash poor they call it.

Options-
1. Both get part-time work; you could maybe take on extra…[Read more]

Hey Pete;
looks like you were right after all!

http://www.news.com.au/business/story/0,23636,21312475-31037,00.html

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

Sorry to hear that story Julie – did you fire-bomb the office building? (just kidding).

Actually, I saw a link somewhere (maybe another forum?) to an accountant in Melb called NANCY KEEP. Sounds good.

http://www.nancykeep.com.au/swf/default.asp

Has anyone in Melb dealt with her?

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up…[Read more]

Originally posted by picklesam:
People have got to stop spending on so much crap…we don’t need plasma teles..or bananas…

I’m just worried whats going to happen when oil eventually runs out…

Sorry; a bit off post, but… [offtopic] (always wanted to do that).

I think you’ll find that the car industry is already about 20 years ahead of us…[Read more]

I haven’t seen an 11 sec rule property for a few years. It’s a great theory, but not in today’s Aus market.

I don’t think you will find an ‘off the shelf’ pos geared property anywhere (unless you look at small remote rural towns, but I wouldn’t recommend that) – you will have to create one.

Buy a run -down property that can be subdivided and…[Read more]

You are also basing the current yield on what it’s currently worth. The yield on what you bought it for is still 8%.
Having said that, one of our properties has gone up in rent from $180 per week to $220 with the incoming new tenant. It did have an small increase up to $190 a few months ago.The agent suggested the latest rise not me.
By the way;…[Read more]

Values in many parts of Aus haven’t gone up much in the last 2 years.
I wouldn’t sell yet – you bought at near the end of the recent boom.
L.M is a fantastic location and you are right near the water etc.
If you can hold it it may be worth while.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

ditto

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

Hi Amanda and Raddles,
yes, I spoke to him last year after I hadn’t heard from him after 3 months from sending back the figures and that’s when I found out I was ‘down the list’.
He is an Aus based accountant (we have only been in L.A for 18 mths). I went with him again this year for the sake of convenience, but as soon as I get back mid next year…[Read more]

Hi Millions,
I saw a colour in a house we visited here not long ago – ‘siszal’ or sisal or sizal or seisel by Ralph Lauren.

Sort of a very light seaweed/green/brown colour. Looked fantastic and goes with nearly everything. Check it out.

The house was generally floorboards with white windows, wooden shutters and this lovely…[Read more]