Total Members: 158,200

Most excellent

  • Most excellent replied to the topic buiding & selling for profit in the forum General Property 20 years ago

    True definetly need $$$, you may have the tax man breathe on your neck. The ATO seem to target these sort of ventures with a thickish magnifying glass. Unneccessary pressure can slow things down.
    Having said that it is solid scenario

    [strum]
    people buy what they love

  • Most excellent replied to the topic Effective Improvements in the forum General Property 20 years ago

    Introduce feng shui & target like minded buyers, in one of my experiences I spent $5000 total on a master to come in & put simple improvement in. Targeted my asian buyers and got a wopping 45K extra. ( thought it was flook at first ), not so some few PROP’s later.

    [strum]
    people buy what they love

  • Most excellent replied to the topic My 1st Commercial Property in the forum General Property 20 years ago

    Depends on many variables :
    product/contract, neighbours, market interests ( type of building what it has to offer )

    costs can be high = high tax deduction

    can use this if one has other trusts/companies etc.. to help each other along.

    Long term goal is prob the real winner here !

  • Most excellent replied to the topic Technical Analysis in the forum No Subject 20 years ago

    Back to original quote yack. personally I wouldn’t have plan to get to that situation, however one can also sproose up the joint. ie.. get feng shui master to do his/her stuff maybe then rent can be upped a bit. Definetly price will sore then one will be able to get in better sted for higher yeilds.

    [strum]

  • Most excellent replied to the topic Earning capacity too low for loan in the forum General Property 20 years ago

    Thankyou for your input learned friends. Assets mentioned total 1.8 mil with 150k income. What would be the banks answer if wanted to borrow a total of 1.45 mil ?

    [8]

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years ago

    What if I did buy a 1 PROP before 2010 & used it for my own residence. ( zero income generated )

    Am I still exempt ?

  • Most excellent replied to the topic Push for stamp duty decrease in VIC ? in the forum General Property 20 years ago

    Some say abolishing by 2006 ? It may be a political voting ploy.

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years ago

    Thanks Simon,
    Just curious if I did purchase at say 1 IP per annum & sold mentioned PROP in 2009 what would that equate to ?

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years ago

    I lived in PROP for seven years from 1997 to 2004

  • Most excellent replied to the topic How Many??????? in the forum General Property 20 years ago

    I’ve read the book 3 times in past twelve months, once per IP purchase.

    [^]

  • Most excellent replied to the topic kids & property investing in the forum No Subject 20 years, 6 months ago

    Hiya lifestyle,

    Sure the pace slows for a while, but the riches far exceed the IP factor.

    I am the richest man on earth ! And I wouldn’t give it ( my family ) up for anything.

    Lifestyle your choice is a simple one, go chase your dream of property ownership. Then choose one of your 100’s of tennants to be your partner ! [:0)]

    Michael
    “just be”

  • Most excellent replied to the topic Depression in the forum The Treasure Chest 20 years, 6 months ago

    Hiya Crissos,

    The universe rearranges itself to accommodate your picture of reality.[;)]

    Take those paradigms that surround you & stretch the bageezez out of them. [:0)]

    Ow and as Westan wrote :
    anything is possible

    Michael
    just be

  • Most excellent replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 20 years, 6 months ago

    Hiya,

    First thought that comes to mind, being a family man is :

    You cannot stick a sibling in a share when they have come of age and need a start, but you can fit them comfortably in a house.

    To handle yourself, use your head. To handle others, use your heart.

    Michael
    just be

    [:)]

  • Most excellent replied to the topic 3 days cooling off means what? in the forum The Treasure Chest 20 years, 6 months ago

    It’s to make you think about the questions , ” have I just made a rushed decision “, “am I TOTALLY comfortable with what I’ve just SIGNED” & my favourite : ” Gee I better read the contract IN FULL ” !!![:O]

    MIchael
    “just be”

  • Most excellent replied to the topic House Boat Good Deal ? in the forum The Treasure Chest 20 years, 6 months ago

    Thank you guys,

    Good input & Simon good reality check , thanks !

    Michael
    ” just be”

  • Most excellent replied to the topic what is your goal? in the forum The Treasure Chest 20 years, 6 months ago

    A person who aims at nothing has a target he can’t miss.

    Look for opportunity & be the source.
    I’ve no need to work, I am happy with what I have.
    A few IP’s, an average shares portfolio & unlimited opportunities. [8D]

    ps I’d put the lotus in the garage also, there paint jobs do not like the harsh elements [;)]

    Michael
    just be

  • Most excellent replied to the topic Future Property Bust in the forum The Treasure Chest 20 years, 6 months ago

    Hiya,

    I’ve heard that the next PBust ( when it happens ) will not be so time repairing, last one took 7 years previous one took 8 years. This next one will be 4 years tops, therefore preparing for damage control can be on the cards for IP owners.

    Michael
    just be

  • Most excellent replied to the topic Trust Replication – Straight Answer?? in the forum The Treasure Chest 20 years, 6 months ago

    They look @ the maths on there END, if it’s within there formulated guidlines your in !

    Michael
    just be

  • Most excellent replied to the topic CGT if redraw on home loan for investment prop? in the forum No Subject 20 years, 6 months ago

    Hiya all,

    I’m curious Simon, if you were to sell this bare land to a family member for say 50% less.
    Does the same maths apply with you paying CGT, do they ATO use your selling price or is it council evaluated ?

    Michael
    just be

    PS thank for your help lately [:D]

  • Most excellent replied to the topic Interest Rates will be on the way up ? in the forum No Subject 20 years, 6 months ago

    [:D]

    Now this is what I call brainstorming, come on guys !

    Bring it on

    What about fixed interest rate in othe countries Jason, US is very inconsistant. [?]

    Michael
    just be

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