Hey Arty

Now I see how you get extra posts up!!! LOL.

The ENJOlady just mentioned this site, which I think is excellent. I did a quick search, but did not see if it had been posted already.

http://www.walkabout.com.au

Cheers
Mel

Good point on claiming repairs versus improvements. But if you borrow to make either, the interest is deductible.

Cheers
Mel

Jason you could always do a deal with your folks and buy it from them. Don’t know if you have any properties, but it could be a good start for you.

Cheers
Mel

Dom

A useful reference if you want to have a go at managing your own properties is the Australian Landlords Handbook by Suzi Bilosh. $21.95.

Cheers
Mel

Personally I wouldn’t want to release my cash early to the Vendor. If things go pear shaped, you now have to fight them to get your money back!!

My understanding of getting a deposit bond involves having 5 times the required bond in equity. Is this the case when you have loan approval as well, or just when you have not yet done that, ie for off…[Read more]

If you sell within 12 months it is taxed as income. On that basis I think casey does have a valid point in that with no full time job, he still gets the marginal tax rates for his gains. As long as they’re not $200K per year (I wish)!!!

Cheers
Mel

Hey Allan

Look in the Treasure Chest Forum – there are 181 pages of old posts in there.

Cheers
Mel

powmow, if you buy the e game you do not HAVE to play online, that’s an added feature. If you have people who will be willing to play with you (RK suggests once a month as a minimum) a bit, then go the board game – it’s a bit more fun than all sitting around a computer, having to ‘hot seat’ it when it’s your turn etc. If you don’t have that…[Read more]

Hey muppet – depends what we’re saving Arty from!! If it’s saving him from Pinky, it must be a charitable cause, and therefore tax deductible!![]

Cheers
Mel

Dannads

There’s a couple of other discussions on this forum, with % you will get back etc. You basically just contact your bank and ask them for it.

Cheers
Mel

Jay/Leigh

Yep, you can play it online – in fact there is a link in the game that will connect you. I am unsure if you have to pay for this privilege though (I’m guessing yes as I remember RK talking about having people subscribed at $20 per month). If you click on this link it will check to see if your game needs upgrading and do this…[Read more]

Hey Achievers

I just had a look, and I still see 181 pages in the Treasure Chest.

Cheers
Mel

Most definitely Leigh. From memory it’s about $199, and if you go to powwowevents.com.au you can order it. I will admit – I am addicted!! I have to work out which I want to do, catch up on the forum, or play the game. As I can play on my lonesome it’s a 50/50 split at present!!

Cheers
Mel

I’m a Fish, no, no wait, I’m a Fish!! Pisces.
Certainly got the memory for it anyway!

I think I’m a rabbit too. Now how does that work?

Cheers
Mel

Hey Native

I think so. If you enjoyed the board game then definitely. There has been a bit of a previous discussion on this topic though, so there will be more opinions in it.

Cheers
Mel

Mine is nothing so exciting. Public Service – absolutley nothing to do, used to read jokes all day and surf the internet. How I wish this forum and I knew each other back then, I might have a few more brain cells that wouldn’t have wasted away.

Cheers
Mel

It’s 99% of lawyers that give the other 1% a bad name (I reckon that’s close for Public…[Read more]

Hi Stuck and others

It sounds to me like the properties are cross collateralised, but that the positive cashflow from the two investments are helping to pay off the PPOR. Stuck, if you sell them, then you can reduce the loan on your PPOR, but will have to fund all remaining mortgage payments out of your earnings some other way. You will also…[Read more]

It looks like Pinky and Arty are only just about to start in the rat race!![8D] They’ve got a long way to go……

Cheers
Mel

Yay Pinky you’re back.

Thanks for the hearwarming story on a Friday morning (for me anyway LOL) Judith. Good start to my day.

Cheers
Mel

Bring back Pinky!

I want to hear about the rats….

Cheers
Mel