Bumper Sticker on Car ‘If you can read this, then where the heck is my caravan?’

Same theme – back of bikie Tshirt – ‘If you can read this, then where’s my girl?’

Cheers
Mel

Keith, I hope you didn’t take offence by my options.

The easiest way to avoid CGT is to never sell. Other ways are to only sell in a year where your income is quite low (perhaps some CGT losses, or maximising your interest deductions etc.).

Cheers
Mel

David

Your ‘normal’ way of moving on to the second house sounds like its for those who live in it, and upgrade when they can.

The way I bought my second was when I had saved some more cash, but more importantly the value of the first had gone up. At this point I refinance my loan to 80% of value, pulling out this extra cash as the deposit on…[Read more]

Gracey, I concur with Simon. However, if you do have ‘spare’ income, and wish to go down this route, make sure that you buy a place that would be -vely geared, but with positive cashflow. Ie make sure that there is some good depreciation in the property.

Non cash tax deductions are the BEST kind!

Cheers
Mel

I see in the desktop page a day calendars for next year there’s a ‘Bushisms’ calendar, which could make for some interesting reading.[]

Cheers
Mel

Hey Pinky I was at one of those calendar stores that spring up round Christmas, and I see you’ve produced a calendar!!

It’s in a Pink box, and it’s called Bad Girls Page a Day (or something like that)!![] It’s got all sorts of tips.

Cheers
Mel

Can I just butt in and say that the quote is actually

‘For the love of money is the root of all sorts of evil’. Certainly puts a different spin on it with the whole thing![]

Cheers
Mel

I’m not one to hold back with an opinion, so I’ll offer mine![]

I think B is doing totally the wrong thing by A. A forewent his ‘sure’ profit of $600 (from the other friend) and seems to have waited close to a year to see any of his money. B has repaid him for this generosity by being a complete b^$^$#d. B originally didn’t want to spend more…[Read more]

Come on Pinky, you haven’t told us if you are a metrosexual yet (or in fact what that is!)[]

Cheers
Mel

Chris

I would start with a book. I must admit, I bought the business plan manual for a friend who was starting in the computing industry. When I read it, I found it hard to fit their example to my situation, but they had some good points. I lent it to another friend – a singer – and i have no idea if she used it or not – I can’t even remember…[Read more]

Pinky, it depends on what you want to achieve.

A ‘flip’ involves securing a property for a value (preferably a good discount on valuation) and then onselling it before you have to settle for a profit – taking into consideration stamp duties, solicitors, agents fees etc. If you cannot find a buyer, you have to settle on it, so you need to make…[Read more]

Hey Pinky, now you sound like LuckyPhil![] Run rabbit..walking on air

Can I also point out – you started this post!![]

Cheers
Mel

Glenn

I say go for the seminar. You never know what you might learn in regards to securing that first property as well as how to do all the renos! Learn from the experts – they’ve already made a lot of mistakes, and it will save you a lot of time and money to take theirs onboard.

Cheers
Mel

Hi riffraff – I hope you’re not in QLD. QLD007 said that they have visa checks on the borders now to keep the riffraff out![]

Welcome to the forum. If you do a search in past posts – particularly in the Treasure Chest, there have been a whole raft of discussions regarding accountants – in different locations.

Cheers
Mel

Very good Poltergeist. I have shovel in hand, and am commencing digging!

Cheers
Mel

Hey Chris

I’ve bought several books that help with the subject – can’t think of the titles at the moment though, look in the Business/management sections of the bookstores.

Also the http://www.ebc.com.au Entrepeneurs Business Centre (something like that) have all sorts of software and folders full of info that they will sell you to help out.

Cheers
Mel

Bill, Huey said in another post that she’s a Pisces! I am too, and I know that my birthday isn’t in this month, or even the next two months, so I think one of you (I think you[]) is making fun![]

Cheers
Mel

Glenn, I’ve not done the reno kings, but I have done Peter Spann’s seminar(s). If you are solely looking at Reno’s go the Reno Kings. Peter also does a whole heap (depending on which seminar, I think the’ve reorganised a bit now) on general property investing, and also in shares, options etc. It depends what you want out of it. Look at his…[Read more]

Maybe I should have said ‘property’ rather than houses.

Erika, where your units are on the expensive land, I bet they also are not cheap – which was my point re having a high land value, not that it HAS to be a house to be expensive.

Cheers
Mel

LOL[] Me too! Believe it or not, i’m Walking on air, never thought I would feel so freeeeeee……

Got a better one for you. It goes, ‘run rabbit, run rabbit….’

Cheers
Mel