Originally posted by summersky:

You guys have all positive geared properties? My 2 are negative. How do you get a positive geared P and get future good capital growth ?
Summersky

I think you’ll find that almost everyone has or had neg geared properties.
That’s not so bad if:
a) you can support the cashflow drain,
b) the properties will…[Read more]

Originally posted by Terryw:
If you are going to use a LOC, St G have one of the best products – called the Portfolio. It can have many sub accounts (maybe one for each property), and these can even be in different names.

Terryw
Discover Home Loans
Parramatta
Terry@discoverhomeloans.com.au
Sign up to my mailing list.
Just send me a blank email,…[Read more]

Originally posted by manofaction:
Richest Man In Babylon should be compulsory reading before anybody ever recieves a pay cheque! [biggrin]

John Blackburn
http://www.propertybooks.com.au

Here! Here!

Cheers,
Marc.
erardent@hotmail.com

Originally posted by crashy:
sorry andy, you are mistaken. I agree a lot of shows DONT show the true costs, but this one does.

I watch it religiously. It is my bible.

Its a business model that does not work in Oz. Thats why Im moving to NZ.

http://www.posigear.8k.com
Positive Geared Share Investing

Sorry guys – I’ve been scarred by groundforce,…[Read more]

Originally posted by KALTS:
Hey guys,
Has anyone heard of these guys? REIN = Real Estate Investors Network.
From the info ive found so far, they find properties that are in locations that are likely to have high capital growth, and they work out how to turn the property into a neutrally geared, or about $10/week negatively geared, based on your…[Read more]

Thanks redwing -good post. The Aus govt site is great.
I don’t agree with Paul Vivian though; I think it is the SCHOOLS that need to step up and introduce money management/savings classes for the kids when they are old enough to understand how to use money. I think that the Aus govt site would be a good start for the schools to use with the…[Read more]

The main problem in having land is there is no income, so your cashflow will be affected.
As there is no income, there are no tax deductions on the expenses to hold the land.i.e loan interest, rates, maintenance.
There was a guy here in L.A renting an acre/s of prime, inner city land to a bunch of home gardeners for years (it may have been on the…[Read more]

Hi Matt,
I have the LOC that Terryw is talking about. I’ve had it for a number of years and I have found adding and subtracting properties no problem (I’ve only sold one).
I used to have separate loans for each property so the bank fees were high, plus more statements and different rates.
I keep separate finacial statements for each property on my…[Read more]

Originally posted by summersky:
I realise now that I should have given out more info… that would have helped in the 1 st place.
I am 54 y.o, have 2 IPs already. Value of them together $600-$650k. Total debt still owing on them is $408k. But I have already milked equity on them to buy shares in an unlisted company….which produce a…[Read more]

On that note; why are topics closed, or locked?

Cheers,
Marc.
erardent@hotmail.com

Can you ALL stop preachin’ now? sheesh! [grrr]

Cheers,
Marc.
erardent@hotmail.com

Originally posted by mihjakon:
Hi Mark ty for the reply.[biggrin]
We do not have any credit cards or car loans & the original parents loan was $50,000 have paid off $10,000 & trying to get rid of more(bank does not know about this loan from parents).
My problem is that with me buying & selling things it is up & down with some times $500 a month &…[Read more]

That’s a lot of money for one property, and the return is not that great. It is about standard on a rental guarantee deal. Bank loans are up around 7% now. Too scary for me.
I prefer to spend that sort of money over a few properties and spread the risk a little.
The rent return is 8% approx – what is the going rate in the area without the rental…[Read more]

Originally posted by brendon11:
Ive recently come into a bit of money from selling an IP. Im interested in getting back into the market but would prefer the rental income to be closer to covering the bank payments.

Ive been looking at 1-2 bedroom apartments and these seem to be the best thing for this.

Are there any issues with these that I…[Read more]

Originally posted by Milly:
Some friends of mine are wanting to purchase their first home. They have 4 kids and are what you’d call battlers.

If I were them, I’d continue renting but purchase an investment house in a cheaper location. In ten yrs they would have equity for the deposit on their dream home. However they have set their sights on the…[Read more]

Originally posted by vyaw2003:
Hello,
If a property is to be +CF i need to also think about rates, water, costs, rental fees. So if interest is 7% min, i need to be investing in something that returns around 10% to cover these extras.
On $100k does 10% sound resonable?
Apart from houses and appartments, has anyone found success in other forms of…[Read more]

Originally posted by Ana:
Hi,

We have recently purchased a house in one of those mining towns with a rental shortage. As there are no other rental properties available or advertised anywhere we are stumpted about trying to work out what rent we should ask for it.

To provide a bit more background, we live in a different state which makes it a bit…[Read more]

They are part of the expenses you incure in obtaining an income from your I.P’s.
It is a tool/expense you are using to help run your I.P business.
Speak to your accountant for further advice, but I am reasonably sure that any publication to do with your investing education; finance magazines, education books, internet subs (this forum may be a…[Read more]

Originally posted by Mortgage Hunter:
Originally posted by kjs:
Shares – mmmmm. I must say that trying to pick growth stocks is a terrible gamble. A small window in my experience – 3 “growth” stocks that were showing a 98% loss in my commsec position statement a few weeks ago. Scary. I would challenge even the worst Sydney property story to show a…[Read more]

The local council should have a plan of the land with the relevent envelopes and setbacks for it. they may be able to email it to you as well.
Probably better to get that sorted out before getting too far down the track with the dream home design.

Cheers,
Marc.
erardent@hotmail.com