thanx so much guys!!!!!

Id love to say I get it now…but I would be lying. So far Im left with alot of houses coz I chose wisely and alot of coke…wishing it was Tab? Maybe I should have invested in Pepsi? LOL

I will study more…and see what sinks in

Who had the aspirin??[]

~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ

I wouldn’t say it’s impossible and there are several ways of raising capital. One is using OPM and by finding an investor to financially back wrap deals, another is finding the properties and flipping them on to other investors.

If he can do it, it’s all the greater the victory.

Best of luck insider

Next time you have a face on your a$$ and your nails done…do we all get to see a pic?

[][][][][]

~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ

Arty’s arty arsey []

quote:
“sooty pooh”, scuse the personal question, but what *have* you been eating?

Mainly right hands, but ocassionally I get the left :p

Probably true PB if you’re buying houses instead of coke cans []

Pinky, you can either take today’s dollars back to 10 years ago to compare, or bring 10 year’s ago dollars forward to today.
Lets say you paid 100k for the property in 1993, and sold it for 300k in 2003. (you chose really wisely!) Ignoring tax etc, to see what you really made after inflation, we have to assume an average inflation figure for the…[Read more]

Congrats to the winners. Looks like I didn’t make it.

Oh well, Steve, you wouldn’t happen to be able to e-mail me would you?

Travelled about 1,500 kms by car last weekend searching for property. Would like some help.

raima@ozemail.com.au

Cheers,
Aaron

How much other income will you earn in the year you sell the property?

Are you the sole owner of the property? Or what is your % share of the property?

there were eyes looking at her over my undies

LMAO!! After reading that I nearly choked on my mineral water!

~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ

Hey the yarra is a GREAT idea!! BYO blankets and food. (and for those that want to..BYO buckets of water LOL)

Maybe around early November…when the weathers nice…daylight savings is upon us…throw around a frisbee…and some ideas about PI.

Perhaps we could organize a weekend where ALL the states have their own BBQ on that weekend…
or…[Read more]

Hi KK, I checked that thread, and realised that I didn’t answer properly in the last post when I said “That’s all very correct Snow.” I must not have read it properly, ie the bit about the old ppor not being deductable when it became an IP.
All that I can say is that I’ve asked my accountant and he assures me that all expenses become deductable,…[Read more]

Pinky,

I’ll bring another bucket of water.

Phil

Hi Mini,

Thanks for your response to each point, particularly so early in the morning. Good points you make. But this ain’t about who wins the argument, or who can come up with the longest list of names of multi-millionaires.

I reiterate, it’s a matter of which combination of strategies suit an individual, given their circumstance. As others…[Read more]

I think it’s already at 20,000 feet Frank! “They” all seem to be saying it’s going to get 30% higher over the next three years though. You’ll be pretty much negatively geared on anything within Cooee of Brisbane though.
Jim.

Serendipity that’s really a lifestyle choice that probably only you can answer. Some serious investors have actually sold their home so they can maximise their investment property portfolio. All I know is that you should be able to rent out a property for a lot less than it costs to buy the same property, particularly in Melbourne and Sydney,…[Read more]

Sorry Simon, I just found the identical post on page 2. Renée you have got to stop repeating the same post or question in various locations, or your are going to get some very disjointed answers. Thanks, Jim.

Renée you won’t have to pay mortgage insurance if you include the equity in your current property. It may be better, if you have enough redraw available, to fund the required deposit on your new IP, ie so you won’t need mortgage insurance if it were “stand alone”. This way your properties aren’t cross collateralised. I’m sure our resident brokers…[Read more]

Hi KK, your friend is so wrong. Your PPoR can certainly be rented out after you convert it to an IP (and all expenses will be deductable). There are quite a few posts on this theme. Probably the most useful tip I could give you would be to preserve the principal of your loan while it’s your PPoR, by having an Interest Only loan together with an…[Read more]

No Renée, that’s not what I said. Your payment into your IP isn’t taxed. It just saves interest by reducing your principal. I’m just saying that the interest it saves would have been tax deductible anway, so you are only saving the bit that would be left after your tax refund, ie $36 in my example. The tax rate is just your marginal tax rate, ie…[Read more]