[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 16, 2003 - 11:58 am

28 years young(ish)
5’6″ I think
Female
Blonde hair
Blue eyes
Crooked teeth – only just being fixed with braces
Missing front tooth – would have been fixed but they only just worked out the rest of my teeth are crooked, so we have to wait. NOT a gappy, have a plate, now I lithp when I talk.
Bad eyesight – two corneal transplants
Size 6 feet
Size 12 clothes – oh I used to be a 10
Canberra
Sort of single (I want to be, he doesn’t, we own properties[}]…)
No kids
2 brothers, 1 sister.
Only one nephew – not a patch on Sooshie, my parents are jealous!!
No smoking
Not much drinking
Public Servant (on leave all this year [])
Soon to be full time investor []
1 Dog, but love all 12 others in my extended family – all bar two are Jack Russells.
Living at home with Mum and Dad since moved out of boyfriend’s house (see above)

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 16, 2003 - 11:50 am

OH no! Reddy just doesn’t have the same ring to it….

Or Blue? Is that just a military nickname for redheads or is it Aust wide?

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 16, 2003 - 11:35 am

Love Serenade was the worst movie I ever saw. [xx(]. My friend worked in hospitality, and got two tickets for a dollar. We agreed that the movie was not even worth 50c each!!

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 15, 2003 - 11:11 pm

All of the Rich Dad Poor Dad books.
Anytning by Robert G Allen (Creating Wealth, No Money Down, Multiple Streams of Income, the One Minute Millionaire) – American, but still some really good concepts.
John Burley Money Secrets of the Rich, and Powerful Changes (psychology one).

Lots of others, but can’t get to my bookshelf at the moment – lots of paperwork involved when you own property.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 15, 2003 - 10:38 pm

Hey Arty

Lucky you found this forum then!!! Although so far we have only encouraged you guys to purchase more animeals……[]

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 11:13 pm

Happy Birthday Arty.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 11:11 pm

Yay. Go the puppy. Dogs are the best pets in the world, bar none!![]

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 4:52 am

try realestate.com.au

don’t know about Vic, but it does come up with some for nsw and qld.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 4:47 am

With regard to Body Corporate and fees etc., join the committe, or at the very least attend the annual meetings where expenditure past and future is discussed.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 4:30 am

the browser did it!! Arty, I bet ‘it was like that when i got here’ is a favourite of yours too!!!

You really just want to get your 1000 posts up quicker, that’s why it posted three times!!!

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 4:23 am

Hey investor

Unless the extra costs for interest when refinancing kill your servicability, you could always borrow all that you can, and put aside, say, $10K to use to cover any interest payments or costs etc.

That would be what I would do.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 4:17 am

Hi Sue

We had all sorts of hassles with our agent, and when sacking them they held back quite a bit of our money too. Check out your contract you signed with them. How many days notice must you give, and what sort of a Termination Fee do they charge. Unbeknown to me, our termination fee was two weeks rent per property, which added up to a substantial amount.

We are being refunded some of our money (although it hasn’t hit my bank account yet). My final correspondence with the agency was that further correspondence would come from my solicitor, who would also be putting in complaint to the REIACT (check if they’re a member of your states REI), and also the Department of Fair Trading. We got a fax fairly quickly saying that they would agree with our interpretation of the contract and refund our money.

They did go into other things that were lies on their behalf, but all I want now is my money back and the properties handed over to our new agent (which thankfully was achieved yesterday).

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 3:51 am

Hey Polar

Isn’t it a 1515? I used it when it was a 221D form, so haven’t done it lately. It was really good as I kept it all in a completely separate account and used it to pay any bills that came up. Saved me having to cough it up out of my money. I also didn’t claim absolutely everything, so still got a decent tax return at year end.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 3:49 am

Arty, that would have to be a pack of Tim Tams that has NO fat content!!

1. Tall, handsome, friendly, fit guy who knows how to have fun.
2. Enough passive income to do whatever I want.
3. Family and friends who can join me in No 2.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 14, 2003 - 3:37 am

Hey guys

Glad some of you agree with my ‘taste sensation’!! When we were drinking it (that was all we had as we were doing a cleanse) some of us swallowed like a shot (ha ha cos that’s what they come in – shot sized glasses/cups), but the girl next to me would drink hers slowly and say ‘mmmm yum’. I tried not to gag, but in the end I couldn’t do it anymore. I was not the only one.

They are reaaaaaally good for you. Of the minerals in the world that are good for you to ingest (I think it’s something like 120), wheatgrass contains about 90 odd. I think everybody should try it at least once, and if you are a healthy person, or really want to be, try doing what Sheryl does and dilute it!

When we got back to Oz after our cleanse, we had an email group, and lots fo people were trying lots of different mixes to make it palatable. If you’re into it, you grow your own – works out so much cheaper, and is so easy to do.

Onwards to healthy living…. where’s my Coke, oh, there it is!!!

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 13, 2003 - 12:47 am

Hey Jars

Your business must make a lot of money if it pays $200K in tax!! I would suggest sitting down with a really good accountant (I believe Dale Gatherum-Goss is in Melbourne) and discussing structures and ways that you could perhaps do some income splitting etc.

I think Negative gearing with positive cashflow (and cap gains) is a good strategy while you have a big tax bill. It is not the be all and end all, but it can certainly help.

I would agree in the current climate to possibly reducing the loans, and moving them towards cash positive, or alternatively having a trust or some other structure and buying positive geared properties in that.

Just make sure I guess that you do have some cash reserves to pay into the loans if necessary when the market eventually stops the meteoric climb, and in some areas falls back.

My advice, for what it’s cost you!!

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 13, 2003 - 12:36 am

Hi Leigh

The discount on CGT applies from exchange of contracts to exchange of contracts. This was bad for us in that we signed to sell one property in June, and therefore last financial year – which wasn’t good tax planning. But it is good when you buy off the plan with long build times.

So for us, we exchanged in Feb 02 to buy, and will hopefully exchange in Nov 03 to sell, and so get our discount.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 13, 2003 - 12:12 am

Flavio

One option of tax minimisation and income splitting (and also asset protection) is to purchase your properties through a trust structure. My aim at present is to have any income going to my parents as they are retired. Once I am confident that they have enough income to do what they would like in their ‘golden’ years, I will start channelling income towards myself.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 12, 2003 - 12:25 pm

clownsta

When you onsell the property before completion, be aware that you will not see any of your profit until settlement!! We have one that we put on the market at least 6 months before completion to make sure it gets sold prior to. Failing that, we will have to put in a loan app just in case. Thankfully, this one has appreciated by $120K in the year and a half, so that shouldn’t be a problem, but I would prefer to sell than have to settle.

Cheers
Mel

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

October 12, 2003 - 12:22 pm

Steve and Dave managed to fund their (I think 4th) later purchases by wrapping them, and receiving and using the wrappee’s deposit to fund further purchases.

If you get $10K deposit, you, sorry Fred could probably achieve his goal.

Cheers
Mel