I’ve been thinking that too Matt.[8D]

Maybe we could get them made a liiiiittle smaller please Admin?[:p][^]

Cheers
Mel

Celivia, it’s under Search, and above Strategies in mine.[:o)]

Are you logged on? Or do you have to type in your name and password for each post you make?

Cheers
Mel

Yes, but I see the colours have now changed!!! SIS can have his moderator colours

Cheers
Mel

Hey Arty, aren’t you a computer guru?

Network them up so you can both be on at the same time.

Cheers
Mel

Freedom, you could use the money from the sale of land to pay off your PPOR. Then you reborrow, or use as security to purchase IPs. this makes it tax deductible debt.

Don’t let the tenants know you are the owner – get it managed by a RE company.

Is the TV show ‘The Block’?

If you buy more properties in other areas later on you will be…[Read more]

Don’t worry Kay, this topic went over my head a long time ago. I only went looking for the intrusions thing cos SIS mentioned it, and I have no idea how it all works as my friend built the computer for me and set it all up!![]

Cheers
Mel

Guru, I was guessing that freedom wanted to put money in to build up the balance, and then when there was enough, to purchase either shares or property. Sort of like the ‘forced’ saving plan, but putting it into the trust where the investing is going to happen from.

Cheers
Mel

I type up everything that I have bought, with title and cost, and hand that to the accountant.

the receipts etc. I keep at home in a file. He’s more than happy to do it that way, it saves him a lot of hassle.

Cheers
Mel

Dom, it does sound good. It doesn’t meet the 11 sec (only just though) but if it is new, you’ve got depreciation to take into account, so can offset some of your other income, and result in a tax rebate.

It does look good[]

Cheers
Mel

Dave, contact one of the mortgage brokers and check out your borrowing power, and also work out your exact position.

Surely you would have more equity than 9K in the house that you are building? You could borrow against that to purchase more.

Although yack has a good point if you own the unit (or almost outright), as any income is then taxable,…[Read more]

Hi Ryan

The first thing I recommend you do is contact one of the mortgage brokers on this site and ask them to look at your whole situation.

You might be surprised, and find that you can actually borrow more in your current situation. At the very least, it will give you a better idea of what you need to do. I don’t know enough of your…[Read more]

Hiya freedom, welcome to the forum

A trust is just another entity. You can open a bank account and put any money in you like (keeping the records of course, whether it’s a gift or a loan from yourself). Any interest that account earns must be distributed to the beneficiaries, but any capital can sit in the account for as long as you like – or…[Read more]

Doogie, the interest rates will not change that often. In fact, the most they can change is once a month when/if the RBA changes the rates.

So the direct debit idea still works well.

Cheers
Mel

Hey spider, one of mine is also Raine and Horne – but Manuka/Kingston variety.

Cheers
Mel

I put my house in, and they ‘didn’t have enough data to work it out’.

It seems that they must use what you put in as your ‘guesstimate’ of value now, and compare with what others have said etc. etc.

Cheers
Mel

No, we can go talk to the Kiwis on http://www.propertytalk.co.nz

There’s lots of us that appear over there anyway.

I could spend the time doing my tax audit[]

Cheers
Mel

Hi Doogie and welcome to the forum

quote:1/ Pg 214. When you say that you interest margin in the deal with Mrs G was set by you to 2% …, did you mean that you would always be passing on the 2% addition to what ever was the current % rate

Answer: Yes. It will always be above the wrapper’s rate from their bank.

quote:2/ Pg 215. In table 13.3…

[Read more]

Yeah Kay, they make Cashflow for Kids[]

Don’t know if it comes with videos or not – though the videos aren’t actually about the game – it’s more educational stuff.

Cheers
Mel

Hi Barb and Welcome

Who’s Bruce Innocent?

There was a post a while ago about how to buy it in the states and it works out heaps cheaper than buying it here, but I’m not sure how that works.

Rich Dad’s salespeople here in Aust are Pow Wow Events

http://www.powwowevents.com.au

If you buy their Christmas packs before the end of January you can get some…[Read more]

I can honestly say

that it certainly wasn’t me[]

Cheers
Mel