[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

September 24, 2007 - 6:41 am

hey navyboy
I'm an ex pusser myself. Made the change to the green side a few backs and now i'm a grunt. Welcome to the site bro.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

September 16, 2007 - 10:01 am

my wife and i manage one of our properties [adelaide] and have one managed by ray white [ipswich]. Ironically enough we have more problems with the agents than the tenants! we are cutting them away at the end of this year and managing both properties ourselves. More money in our pocket!

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

August 18, 2007 - 6:36 am

i don't know if this helps at all, but the way my wife and save cash is like this. We basically have both our salaries and the rent from both our IP's put into one a/c. We live of our credit cards all through the month. At the end of the month, we pay our mortgages, credit cards and anything else that needs to be paid. The money that is left over at the end of each month gets transfered into a bonus saver a/c which we try not to touch [although life sometimes forces us to!] Once we have enough saved, bang! theirs our next deposit! It sounds like a lengthy process but i think you'l be pleasantley suprised how much you can actually save. Hope this helps and good luck!

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

August 16, 2007 - 7:37 am

isn't stock something you put in your soup? mmmm… soup.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

August 16, 2007 - 7:33 am

cheers barney. informative post. I will most likely be trying to snap up another place or two down that way.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

August 15, 2007 - 7:27 am

[quote=parraboy]Hi Monopoly Man,

I am looking at buying one in Craigmore SA. How have you found it so far, what is the area really like ?  It was either in Craigmore or neaby Burton.

Cheers

Parraboy[/quote]

We've only had it for a couple of months so far but it all seems to be working out well. We have already bumped the rent up $15/week to bring it up to market value and all pointers seem to indicate that north of adelaide could be the next big thing. [heres hoping]. Just be careful of local agents. Theirs a few dodgy ones who tried to screw my wife and I over on other properties we were looking at in the area. Good luck and let me know if you go ahead with the purchase.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

August 12, 2007 - 9:57 am

i live their bro and it is by far the best area of sydney to live. Not sure i would buy their as an investment though, CF+ are far and few between. If it's purley for lifestyle though then I say go for it.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

July 25, 2007 - 8:04 am

cheers for the advice. I have depreciation schedules on both properties which helps substantially however they are both slightly negativley geared. Are you guys cashflow positive to the point where your rental income covers all the rates and insurance? I'm about $7 grand a year out of pocket after tax [thats total for both properties not $7 grand per property] which isn't bad but not great either.

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

January 16, 2006 - 10:40 am

how do i go about calculating CGT and stamp duty? I’m just trying to work out all my figures in advance. Are their any other hidden costs I should be aware of? Thanx for the help.

$$financial freedom by 30$$

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

January 10, 2006 - 10:01 am

sign me up. [thumbsupanim]

$$financial freedom by 30$$

[monopoly manMember@monopoly-manJoin Date: 2005Post Count: 20]

September 21, 2005 - 12:28 am

I would rather keep the property as the growth thus far has been steady and generous and should continue to go in that direction. I googled cf+lease optins but couldn’t find anything. Could you explain this to me please?

$$financial freedom by 30$$