Battz, there was a fair bit of discussion about depreciation on older properties in the post:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2867
You should have a chat to a quantity surveyor. Usually they can give you good advice about your property (eg if it’s worth the expense of a Q/S report) over the phone. There are a couple of…[Read more]

There are several solutions :

1. if the house will value at more than the purchase price some lenders are prepared to increase the loan amount based on the higher valuation. One hitch though is the fact that before you can apply for an increase in the loan amount the property has to be first registered in your name. So there may be a three weeks…[Read more]

>>What are the traps. Where is my logic flawed?<<

Well the idea is a good idea but your costs are not correct.

1. It will cost a lot more than $ 4K to transport a dwelling. Perhaps $ 20 K to $ 30 K ?

2. Not every dwelling is suitable to be transported. Brick dwellings certainly are not nor for that matter are very large dwellings.

3. Many…[Read more]

Scremin, it is possible to get a 97% or even a 100% loan.

Now if that is your first home then you would be able to also obtain the $ 7 K government grant as well as a reduction in stampduty.

Thus your $ 10 K may enable you to buy a second property ?

Now all that assumes that you have a job to support any shortfall.

To obtain a loan the lender…[Read more]

Arty, it IS a good idea to start off with very little money. The reason is that one should consider the first six to twelve months as a learning stage i.e. NOT as a time to expect to be making any money.

On the one hand this means that when making small trades one’s expenses will make it hard (if not impossible) to come out on top. On the other…[Read more]

Good one Terry. I had know idea of the ruling, but I came close in my point #2:

Some type of creative accounting where deductions were made that should not have and income was not declared that should have been, both to the wrong party to minimise tax payable.

The crux of it is in point #8 on that link:

In the situation under consideration in…[Read more]

Pinky,

I’ll bring the bucket of warm water !!

Phil

an arrangement! Why didnt I think of that!

OK steve…I will bring my own chair AND wear a Tshirt saying “STEVE IS MY HERO” and this website.
I have very notable “assets” so trust me…the advertising wouldnt be missed! hahahaha

Now thats a win-win situation!

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

Sounds pretty good Mini, but it’s a bit mathematically impossible to get 2% per day for too long. Let’s assume you get 2% per day consistently for three years. After 1 year you’ve multiplied your initial deposit by 1377, but after 3 years it’s 2.6 billion! After 10 years its 24 followed by 30 zeros! Ie, you’ll suck out all currency from the known…[Read more]

Sorry Arty, posted while you were replying to Wayne. I don’t think you need a cash management account with Westpac broking at westpac.com.au, and they don’t have a minimum deposit & minimum trade. Remember though that the smaller the trade, the more significant the brokerage is.
I’m not sure what you expect from an online broker Wayne. The best…[Read more]

Hi Arty, If you are buying more than 10k, then Westpac is cheaper eg 24.95 for <25k, then 0.11% for >= 25k, cf Comsec $19.95 <= 10k; $29.95 <= 20k, then 0.12%>20k.
Etrade is quantity of trades based:
First 10 Trades $32.95 then 0.11% for >$30,000
11th to 20th Trades $27.45 then 0.11% for >$25,000
21st & Subsequent Trades $21.95 then 0.11% for…[Read more]

I don’t want to be a kill joy Mel, but your figures don’t allow for a tax component ? Surely if tax is paid on the income from rent, there can’t be enough to repay that loan, or am I mistaken ?

Andy,

Yes, I ment no I don’t know of any groups, but YES I do want to join in and play. It’s a great game, and I have already learnt lots from just playing it only a few times.

count me in,

Matt[]

Take 50,000….buy a house using the 11 second rule. Then Id buy a block of units…with enough left over for a newfoundland puppy

to those wanting fun games on their PC may I suggest: http://www.kazaalite.com

Most games/books/files/songs and all that can be found on kazaa (You only need kazaa LITE as Kazaa full package comes with spyware….kazaa lite doesnt)

Im downloading that monopoly tycoon now so I hope its fun

Hey “cash flow” players.

How often do you get together?
How many people do you get to play?
Do you know of any where in Sydney “cash flow” is played?

Matt[]

I’m still hanging out for that second prize in the beauty contest, but I’m not very hopeful![]

Hey guys, Monopoly is tops I love it. But recently we found a new game “Cash Flow” by Robert Kiosaki. It is fantastic, and it teaches you to look at the deals, you can buy +ve & -ve geared IP’s. Single houses, home units, duplexes, 8plexs, small and large businesses can all be bought and sold. At the same time you can aslo trade on the stock…[Read more]

Andy,

I see what you are saying but it’s just hard to change the way we think. We have always thought of buying in Sydney in high capital growth areas.
But what you are saying is totaly opposite to our thinking. It’s true what you say, +ve IP’s will help pay the bills. We need to change the way we look at investing and go for constant +ve cash…[Read more]

I love Monopoly!! All that wheeling and dealing and making other people beg for a break coz they owe you thousands in rent! Ahhh I love being being a Monopoly Tycoon!! (and Im the horse..you all can fight over whos gonna be the sports car and the loser can get to be the thimble LOL)

Maybe we can get rich with a sideline business where we create…[Read more]