Yep. It is most definately “lagging” months ago I use to just click on a topic and it would automatically load. Now have to wait a while until it finally loads. I agree it would be due to the influx of new & interested investors, that is causing pandemonium on the servers. I think they are upgrading the forum’s soon to facilitate the increased…[Read more]

Welcome to the forums and great to have you on board.

Now that you have an understanding and familiarised yourself with positive cashflow investing I think the best step would be to create your structure or your plan for financial freedom. Something which would reflect what you want to achieve and incorporating all aspects of yourself and your…[Read more]

Hi There.

Best to start with a solid foundation, grasping and understand the concepts, language etc. associated with property investing. Next would be to invest in some resources nameley text’s, a great start would be Steve’s “From 0 to 130 properties in 3.5 years” a great overview of positive cashflow investing.

Once done and feeling confident…[Read more]

I recommend Steve’s “Wealth Guardian” if you have not read/listened to it already. It teaches about protecting your assets which will be a major factor in your wealth creation plan. Also incorporates structuring/planning to create wealth/protect wealth etc. A very good resource.

Selling is one way although will be a tough decision and a great sacrifice to make, but one worthy if you set out a correct structure and do your homework.

You could get a valuation on your property and if it has increased than that of banks current valuation the you could borrow against that equity there, or alternatively on any equity you may…[Read more]

It seems that you are on the right track and have a basic knowledge of the area and it’s advantages in terms of Investing in Property. I think it’s now time to take it a step further and get down to some serious investigating. Perhaps even before you start investigating you could setup a structure followed with that of a quick check list, if the…[Read more]

I beleive ACA only gave their viewers a “helicopter’s view” of potential investment propertys. Sure they were cheap but that was about all that was mentioned along with maybe a few minor specifics. Be sure first to conduct your due dillegence on the area to make sure that there is a market for rental properties, steady/booming population, positive…[Read more]

That’s correct Celivia, the report is once only. They should give you at least 8 to 10 year’s worth of data, but the rest can easily be derived from the last WDVs. Let us know how it pans out, I’m curious to know how they estimate it all. They may just give you a report with everything at prime cost, and another with everything at dim. value,…[Read more]

I guess it all depends on the age of your fittings Rod. My Q/S report cost $450 five years ago, so I assumed it would be a bit more now. I think your 25k example is a bit unrealistic for an older house though. My fittings totalled 16k for a brand new fully carpeted 3 bedroom home. Of course it’s tax deductible, but depreciation is also just a tax…[Read more]

Celivia It’s probably not worth the cost, as you just wouldn’t find enough deductions to make it worth it. Perhaps I should list the Q/S report for a brand new home below, so you can get some idea of what’s depreciable, and how much doesn’t apply to an older property.
Firstly the wholesale cost of the building may be depreciated at 2.5% pa, ie…[Read more]

Hi Westan, 2 girls, 2 boys, 2 dogs.
Regards, Doogs (not dogs Stu!)

He who hesitates is sometimes saved!…Thurber.

quote:
I agree totally with Dogs. I’m just writing an article for The Australian about this. This arrangement can save you from nil to 5% (of interest payable)… not that great really.

Cheers

Stu

Property & Finance News
at http://www.prosolution.com.au

That a bit Ruff Stu! (calling me dogs!)[]
How is that article going? Let us know when/if it’s…[Read more]

Rita, as far as I know it was abolished in 1990
Jim.

He who hesitates is sometimes saved!…Thurber.

Hi Rorqhual, you can find info on NSW tax at:
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63650&_dad=portal&_schema=OSRPTLT

Note that your PPoR is exempt, so you will have to notify them of the change. You should have been sent an assessment each year, so it’s strange that you have to pay so much now. I believe that most people are only…[Read more]

Good for you.

Gold stars are for people who have bought something recently from this site.

Red are usuall for people running the site or moderators.

Silver stars are for the rest, second class citizens. They look like a dust colour.

You’ll get three at 100, then four at 500, and I suppose five at 1000.

But if you don’t keep buying things…[Read more]

It costs nothing.

Phil, I’m sure the author of your book will repsond to your questions in due course.

Stars don’t mean crap unless you can cash ’em in or uptrade. Who cares ?

The important thing is that we might learn from one another, be able to contribute or take a thought and expand upon it.

Then you can give yourself as many stars as you want.

Anyone want to rent a star ?

Kind regards, Phil

Dianne,

I have booked in to attend Peter Flanagan’s seminar at high noon next Tuesday, Canberra. This was independant of your post, and as a result of an ad in the local paper.

Thanks for your observations. Cynically, I expect to meet brokers, estate agents and perhaps a bank if he has one on side. This is how I expect him to make a cut from the…[Read more]

quote:
An international flight attendant for Qantas (even though the Q stands for queer, I am not!! [])

Hi Brent, Qantas worker here also (just served 20 years on the 15th). No need to qualify yourself as straight by the way. I wonder why you blokes seem to think that you have too. Anyway, I would be keen to discuss a side income producing…[Read more]