Yes Kay, but the word I was thinking of was “sick” actually.

BTW I edited my original post. I have since PMed RussH to apologise for being so hard on him. At least he behaved responsibly in his non-responsiveness, and didn’t play games!!!

Jo

<off topic, richmond>

Mini,

<edited by richmond, off topic>

Jo

Minimogul,

<edited by richmond off topic>

Jo

Originally posted by lifeX:
Jo,
Could you reduce your cap gains for the year by paying me as an investment advisor the equivalent $1000 that your cap gains were. I give great advice(ie; houses need a roof and other pearls of wisdom).
You could then claim such as a legitamite (spelt?) expense against your cap gains.

he he…[Read more]

Thanx for the comment Castledreamer,

I am glad to see people didn’t take it too seriously. I realise there are real quake issues in NZ, and it does concern me, especially people living on or near major fault lines (not that I can tell you exactly where they are, geographically speaking).

If people are happy to invest in NZ, that is cool; after…[Read more]

Thanx Melbear,

The cut off date for tax returns done through agent is 30 April, however (as you have correctly outlined) you can extend this to absolutely max. 14 May, which after that you run into the likelihood of being audited.

But why would I want to repay any tax in November (if I did it early say 1st July) when I can leave it till May/June…[Read more]

Guess some people just don’t read all the posts, before they add their bit.

Steve hasn’t answered the question yet, but in the interim….does anyone in here know……if Mr McKnight has reached his goal (by 9th May 2004) of 500K passive income per year????
I, for one, would love to know. [hmm][hmm]

Jo

Originally posted by kay henry:
I mentioned a place where these CF+ exist the other day on here, but I got howled at, so I won’t mention it again :o)) oh ok then- broken hill!

Kay, you go right ahead and mention them, and any place you like, and if it gets shot down, make sure you fire back with as much spunk as you demonstrated in your…[Read more]

Thanks gava1,

yes it is sooooooooooo much quicker!!! Will keep that one in mind.
[biggrin][biggrin][biggrin]
Cheers,

Jo

Hi Stephen,

Firstly, I must be the only one here who HASN’T read Steve’s book, hence I cannot comment on the formula of the 11 second test.

I am assuming that is related to ensuring that you buy a property that proves to be cashflow positive e.g. like one I saw advertised on the net…..$45,000 (purchase price) with $90 p/w rent.

Such bargains…[Read more]

1……2…….3……..4……..

Err what’s that you ask, my occupation???????

Bean counter, bean counting for ages now, still haven’t come up with the same answer twice!!!![worried][upsidedown][laugh4]

I need help…………!!!!![wacko]

Is there a doctor in the house????? [winking][winking]

Jo

Originally posted by SteveMcKnight:
Around the same time we made a goal: $500,000 per annum in passive income by 9 May 2004.

So did you reach the 500K passive income target? You neglected to clarify this.

BTW Hope you had a happy birthday [biggrin]

Jo

Hi SIS,

I completely agree…..give me Capital Growth over “money in my pocket today” anytime…patience pays off remarkably well.

One of my favourite examples…..I bought an IP back in 1987 for 170K, I sold it in 2000 for 750K….now do the math on that one!!!! I am where I am today as a result of Capital Gain, not +CF investments. I am not…[Read more]

Originally posted by start:
Hello All;

I’m still new to the game, so at the moment it’s all work for me.

Regards – Start

Oh well, as the saying has it “you gotta start somewhere” [lmao][lmao][lmao]

Welcome Start, sorry but I couldn’t resist!!! Anyway, hope you stay long, learn heaps and prosper.

Regards,

Jo

Thanks Derek & Brahm,

I stand corrected. I have only ever had an IO loan for a small amount, and I wiped it out fairly quickly, therefore I am not familiar with the mathematics behind it all. That is where by hubby is more knowledgeable, and I am sure he would tell me the same thing if I had made that statement to him.

Cheers,

Jo

Originally posted by wayneL:

The rent will have increased in line with that, but your repayments will remain the same(assuming steady interest rates).

Ummm….that is your repayments will stay the same if you have an Interest Only loan, but if you are contributing to the principal (along the way) – your repayments should lessen (again,…[Read more]

Hi Coney,

Why switch when what you are doing works? The “joys” you talk about is greater amount of cashflow due to being “positive” geared. Extra money is always a good thing, but it is not always the best thing long term, if the level of growth in these properties is minimal (and I don’t mean, nil – just in case anyone out there is getting…[Read more]

Originally posted by Fern:
I live about 300 metres from a major faultline.
They recommend a 20 metre setback when building on a fault.

Its just part of life here, we had two local shakes over the weekend. I’d be more worried about aussie fires than kiwi earthquakes.

Fair enough, as long as you are okay with it; that’s cool. I adore NZ; it is…[Read more]

Hi jamestk,

Thought I’d better answer your question. In short…not that I know of.

Maybe that is something Steve will look into, but for now, apart from posting on the forum, emailing or PM (private messaging) direct is the only form of communication available.

Jo