Not much you can do I’m afraid, but three things that you can do to lessen the burden if you haven’t already done so;
1. have a depreciation schedule prepared by a quantity surveyor and give this to your accountant. Costs $400-500 to have done. This will add a lot of ‘on-paper’ deductions to your taxable income, and may nett you back thousands…[Read more]

Originally posted by devo76:
It seems that generaly speaking people go for negative gearing or positive cash flow. Is it possible to go for both and be worth while.For example if you had a negative geared property that gave you a 5 grand tax return(that when put of the loan it covered the total loan costs) and hopefully gives a capital growth down…[Read more]

another self-sell site is noagentproperty.com.au.
One thing that no one has talked about which is a problem with selling yourself is a lot of the enquiries will be from agents who have seen your ads and want to offer their services.[grrr]

I copped this one time and my response to all was that I would be happy to give them a $1000 commission if…[Read more]

People with multiple properties can only do that two ways generally – loads of expendable income that they can use to cover shortfall on neg geared properties, or pos cashflow/pos geared properties.

With residential I.P’s; generally the cheaper the properties are, the better returns you get. Quite often 4 x $100k properties will have a better…[Read more]

I think if you keep second guessing yourself you will become frozen with in-action.

Many of those things you are thinking about are ‘what-ifs’, so don’t really have a relevance to your current situation.

We are living overseas at present and all our investments are back in Aus. This does not present a problem. So, if you are in a position to…[Read more]

I try to always keep this thought in mind when reading about the Real Estate market/industry in the newspapers:-

The real estate industry has an enormous stake in the major newspapers’ income by way of the advertising they do. The real estate industry even give out awards amongst themselves for whoever can generate the most revenue from their…[Read more]

I know what you’re talking about, but not really what is involved in foreclosures, except to say that here in the US it is a big business – for the people who supply the lists and info relating to the selling of these properties. Do a google search on ‘foreclosures’ and you will see a multitude of businesses selling info, or lists of properties.…[Read more]

Originally posted by maylene:
Whoever would like to buy a Cheap but absolutely Brand new properties in Australia, just email me your name, address, landline number (not mobile) and available time to contact you.

Email add: maylene_biz@yahoo.com.au
Check my website: http://www.maylene.zoomshare.com

I am happy to be proved wrong, but the above website…[Read more]

Thanks Amanda and Michael for the book!

On that note; the “Lemons” thread is noticeably short on posts. Come on you guys – put your egos in your back pocket and pull out the courage and tell how bad it was. Even “The Donald” went broke once.

Cheers,
Marc.
erardent@hotmail.com

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

Originally posted by picklesam:
hi marc, yeah richard’s sorting me out aright! Selling the cars is not an option for me, i’m nuts about my cars, it’s the only ‘hobby’ i have really, i don’t go on holidays for example…they dont cost much to run, one’s in storage at mum’s house…and no debt on them…i worked out if i can manage to get another ip…[Read more]

I agree totally with Duckster, Sarge and Amanda.

If you find big, glossy ads and radio or tv coverage, or phone calls or door knocks of new developments, you need to ask yourself; who is paying for the ads and the sales people?
Clue: the developers aren’t.

It is very easy to find out the value of properties in the area where the marketers want…[Read more]

Good on you YBS,

The next step is to
1. save like mad for a deposit on the next property,
2. hammer away at the loan on your existing apartment,
3. wait for some capital growth and use the debt reduction to increase your equity in it. Then you can use the equity as a deposit on the next property. Or a combination of all three will do it. All 3…[Read more]

if you are new to investing you should become as involved in your investments as much as you possibly can to gain knowledge and make informed decisions. Very successful investors don’t hand over control of their ship to anyone else.

Companies like cashflowcapital.com exist to help the lazy, or time challenged, and they pay a premium for the…[Read more]

I’m sure Richard will sort you out on the details, but my 2c worth –

A good starting point would be to get rid of the two cars worth(?) $60k if you can – are there existing loans on them? Cars are not assets – they are liabilities, or ‘doodads’. Buy one decent sec/hand one for about $10k and put any remaining cash from the sales into the…[Read more]

yeah – hearin’ that. I started that way but not now thankfully.

I still think neg geared props have their place, but only in a rapidly rising market so you can execute a well orchestrated flip. Where’s the next one??

Cheers,
Marc.
erardent@hotmail.com

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

Originally posted by ShOw_Me_ThE_MoNeY:
Hi Guys,
Having a dream house ( to live) in a well planned estate has allways fascinated me. I am trying to ascertain 2 options here:

Option 1. Buy a block of land (say 150K) + Ask one of our famous developers to build me a home (say 200 K). I am talking about a house and land package here.

Option 2: Buy a…[Read more]

Hi Wayne,
Like you, I have heard both arguments – reeded up or down.

Our own house came with decks front and rear, and after we bought it we decided to extend the back deck. Both are reeded side up. The builder who did the extension on the back deck said they were put on upside down, but the house was owned before us by a builder who put on the…[Read more]

Originally posted by duckster:
at the moment there seems to be a small window till july 07 to be able to invest some of this money straight into superannuation where it would be taxed at a lower rate. It might be worth keeping this in mind when talking to a financial adviser or accountant.
A wise way to invest is to spread your money over various…[Read more]

What is it with all these investors who must sell as soon as they make a profit on an I.P?? What are you going to do with the money when you get it – reinvest it into other assets or blow it on ‘doodads’ that will be worth zero in about 2 years? sheesh!! [grrr]

By the time you add up buying and selling costs, adding back any depreciation claims…[Read more]

didn’t you know… ‘unethical’ is an aboriginal word meaning ‘real estate agent’.

Cheers,
Marc.
erardent@hotmail.com

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