Congrats on the new book Steve, and to all the Mappers for their success – especially will and del (only ‘especially’ Will and Del cos I’ve ‘chatted’ with Del heaps through this forum)

It was a bit of a bummer having to wait until Christmas to read it – guess that’s what happens if people need to know what you want for Christmas….…[Read more]

The best ‘strategy’ I have found of getting out of debt is explained in John Burley’s book ‘Money Secrets of the Rich’. It’s also got other fantastic ideas in it, so I recommend you start there – after you’ve done as the others have suggested with regard to boundaries and stuff[biggrin]

Cheers
Mel

If you buy a house after 2000 (ish, can’t remember exact date, but know that it’s not really relevant as 2004 is definitely after) and do not ever live in it, when you come to purchase a home that you will live in, you are eligible for FHOG. In some (maybe all?)…[Read more]

I’m pleased to say I’ve finally finished your book (will be re reading shortly), and really liked the part where you explained your opinion on negative gearing and positive cashflow. It reaffirmed what I’ve been doing for the last 10 years (only 5 of them seriously though)…

I don’t think you’ll get…[Read more]

Glad you could drop in. I’m in the process of reading your book – normally I finish a book in a day, but I’ve been doing a lot of babysitting which is full on – I love the stories of your ‘grads’ that you’ve got in the book….

One quick question – it says all over the book that your ‘other’ books Wealth Magic and Little Pot of Gold.…[Read more]

Hence my initial reply. And then the discussion re advertising – which it was really. The current post I think is a good one, as it’s a general question, but is also open to people contacting him for details if they…[Read more]

To actually ‘qualify’ I think you only need to have done modules 1 and 2 of the 8 part course…..

Cheers
Mel

One way of doing this is to prepay your interest in June of next year (for your other IP), thus basically doubling your interest payments which are a deduction.

If you signed the contract last FY, there…[Read more]

when you do buy your acreage, pay all surplus cash (including extra rental) into that loan to pay it off as quick…[Read more]

Any difference is reconciled through the ‘tax reconciliation’, which is a document…[Read more]

Cheers
Mel

Cheers
Mel

Nope. Got no money

I’m taking a look/listen at Hans Jakobi’s at the moment though – and i’ve had about 5 phone calls, and 4 letters from jamie McIntyre asking why I haven’t bought his home study kit yet! I think I’ll pass as i”ve got all the Peter Spann stuff which seems to be pretty much the same, and at least he calls writing…[Read more]

Cheers
Mel

Caz, if all it needs is carpet, paint, and cleaning, it should be easy enought to get rough quotes from cleaning, carpet, paint companies etc., then work out is it worth it. Instant equity is always a good thing – are you sure you are not in a position to purchase? If it’s been on the market so long, perhaps a lower price is…[Read more]

My Dad bought a chainsaw from ebay, which duly arrived, but will cost $300 to repair!! the seller basically told him to get stuffed, and hung up on him the second…[Read more]

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Mel

I think you are in a great position to purchase more property. Although your Oxford property seems to be costing quite a bit each year, your Perth prop should be paying for itself, and has a nice chunk of equity….

If you spend a bit of time looking (as Simon has suggested) and buy a property that is close to positive, your overall…[Read more]

Basically to get a corporate tenant, look up relocation agencies in the yellow pages and/or contact companies and ask them if they have an in house section that finds leases for their workers transferred interstate. I’ve also found that some real estate agencies handle them – but you…[Read more]

How long is the building proces? I think it would be rare that you could get subject to finance if building was not due for completion for 12 months or more, however it can be done.

You would need to get your solicitor to check the contract to see if it could be onsold. I think most allow it (I have done several), but some may not.

Why…[Read more]

Do your research on the net to come up with an area that will fit your criteria..

First, determine your price range. Then look at realestate.com.au to see what is available in that range. Hone in on an area that has places available, and that will rent for what you want. then research the town to see what’s there,…[Read more]

One of my cousins has just turned 17, and his girlfriend (25) is expecting their second child (her THIRD). As far as I’m aware, he gets paid $600 a fortnight to stay at home! This is in a country…[Read more]

I vaguely heard something about the super fit jogger dude who had a heart attack – didn’t know his name though, so I didn’t doubt that one.

I’m guessing your 1% is the boy who ate his own foot?

Cheers
Mel

I don’t think I’ll see it back until next year now…

Cheers
Mel

What about the rest of Aus (ie Canberra and other ‘smaller’ places)? How come you had the data, and suddenly it all vanished?

Cheers
Mel

His was the first seminar I ever ‘attended’ (bought the video on intro as he doesn’t come to Canberra). Saw the ad in API mag I think, and initially baulked at the $98 price tag, but bit the bullet.

Since then I reckon I’ve been to just about all of his seminars (either in person or home study kit -…[Read more]

The biggest cashflow drain I will ever own! But I haven’t seen any 3 bed terraces 4 sale under $850K recently, so I’m more than happy so far![specool]

Cheers
Mel

I’d have a look at the returns pa on the pokies before deciding to sell any…

Selling them off sounds like what the government is doing – sell off the cash cow to reduce short term debt…

Cheers
Mel

bigmark, I think you’ll…[Read more]

Then I would invest in some cashflow investments (not property) and (if I had got one) quit my job![biggrin]

Cheers
Mel

Cheers
Mel

I believe you may be able to avoid it altogether in some instances – seek taxation advice…

Cheers
Mel

Property B I’m thinking would have CGT implications…..

Although, you might be able to claim Prop A as PPOR from purchase until (say) August 2004,…[Read more]

http://www.smartsharevacations.com/

I’ve got a ‘trial’ membership for two years at $129 (‘full’ life membership is a few thousand).

Basically for a week’s holiday you pay from $US99 – $US499, and stay in pretty amazing places round the world. I think they use a lot of the ‘rich folks’ houses that are holiday houses – like in…[Read more]

Cheers
Mel

If you haven’t already, I would look at making an offset account for your PPOR and have that $5K in…[Read more]

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Mel

Cheers
Mel

Check out her site.

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Mel

Cheers
Mel

I believe that kitchens now form part of your building depreciation, and as such, can only be claimed at 2.5% over 40 years. But check with depreciator (aka Scott) on this site, or ask your accountant – or the ATO.

Cheers
Mel

Hey Kay, do you wanna come and walk on hot coals in September? tony will definitely be running that one, and on the last day (the health day) there is a spunk by the name of Joseph McLendon III (a…[Read more]

As to the question – Guilty as charged.

I am so proud of myself though – I managed to go away for almost a week, and only thought about the forum a couple of times a day.[biggrin]

It was far too nice weather to sit inside all day -…[Read more]

Kay, went down to Ulladulla. Houses down there have gone through the roof. Mum and Dad paid an ‘expensive’ $159K for their 4 bed, ensuite place, and you would be very lucky indeed to find any for less than $400K less than 4 years…[Read more]

Cheers
Mel

Nope, no internet access, so I’m getting my ‘fill’ now…. I might have to find a library or someplace down there that’ll let me have my ‘fix’ every couple of days….[biggrin]

Cheers
Mel

Cheers
Mel

Cheers
Mel

On that note, now that all the tourists will be heading back home, i’m heading off for a week’s break on the south coast (oh yeah, and I’m getting ducted air con installed in my parents house down there as a pressie…)

Cheers
Mel

Cheers
Mel