PropertyInvesting.com | mcbean | Activity

mcbean replied to the topic Protecting First Homegrant in the forum Legal & Accounting

Sun, 15 Mar 2009 02:52:15 +0000

Thanks again Richard and Terry.You have solved all my (current) problems.

mcbean replied to the topic Protecting First Homegrant in the forum Legal & Accounting

Fri, 13 Mar 2009 11:09:19 +0000

Thanks for the advice.I thought there were limits on 'gifting' money for tax purposes ($10,000 springs to mind for some reason). Can I loan an unlimited amount to my brother and do I have to charge interest (even at a token rate) to prove to the taxman it is a loan?What ever the terms of a 'loan' if i can make it happen it would solve my…[Read more]

mcbean replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Property markets, like the

Wed, 02 Jul 2008 21:27:03 +0000

Property markets, like the sharemarket, can often be driven by fear / greed as much as economic fundamentals.Never underestimate the power of panic.Although there is the argument that a drop in values makes property more appealing to investors who move in to stabilize prices, panic selling accelerates a decline making investors and first home…[Read more]

mcbean replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Northern cities like Leeds

Thu, 26 Jun 2008 19:39:57 +0000

Northern cities like Leeds and Manchester were the focal points of the 'buy-to-let' bubble as property investment is known as over here. These cities have the worst of it now as they were the scene of hundreds of new developments with people buying off-plan. The CBD has a massive over supply with not a tennent in sight and people were losing…[Read more]

mcbean replied to the topic New arrival to Australian Market in the forum Thanks for the advice

Thu, 26 Jun 2008 19:26:34 +0000

Thanks for the advice Matt.Unless the Aussie market takes a massive nosedive it looks like I will have to rent my PPOR and chase down a few of the bargains you mentioned as investments

mcbean replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum I am selling my PPOR in the

Wed, 25 Jun 2008 22:27:08 +0000

I am selling my PPOR in the UK at the moment to head on home. Like Australia there are many different aspects to the UK market – one example is the extremely high range London market artificially propped up by a flood of wealthy Russians.In my area prices have dropped around 15% in the last 9 months and will continue heading south.Fuel costs are…[Read more]