Hi Andrew,

I’m a newbie also. Living in ACT. (Shoulda bought those $40,000 units in Queanbeyan 3 years ago). Read the book, and starting to look at things differently. Without any expectations I would like to run a few questions by a local of like mind, over a scotch or two. If you would care to discuss same you are welcome to contact me at…[Read more]

Purchaser 1 is paying almost twice your monthly repayment at 80%.

How much does this represent of their income?
Why cannot Purchaser 1 obtain their own finance?

Cash flows are overly simplified.

Their monthly payments – your monthly payments = cash flow (wrong!).

You will need to find out all your annual costs and take them into…[Read more]

Most people can make a profit in a boom. Only those truly incompetent or at the mercy of con-men will not.

Most “wealth products” can make a profit in a boom. There is certainly no shortage of property investment techniques for sale, with the “owners” of such techniques dribbling out the information to to the public at appropriate times to…[Read more]

Hi Teylu,

If you asked me like 6 years ago, I would have said yes.. [] Sounds like you are single though.. maybe you should start another topic that asks everyone their sex, age, number of IP’s and marital status.. heaheheh[]

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Tomorrow, you might wish you started today.
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Hi Guys! I’m 24.. got my first IP when I was 20~21 with help from my parents[]… since then, have acquired a 8 more really, really cheap IP’s (although they are not as cheap anymore []) I wish I bought more last year! Still living with my parents so saving lots of money[]

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Tomorrow, you might wish you started…[Read more]

Relating to small businesses: sole trader, partner in a partnership, p/l company and trust runing a small business.

Exemptions:
1. After 15 years an asset continuously used AND the individual is over 55 years of age.
2. Usual 50% discount.
3. Lifetime limit of $500,000 for exemption.
4. Rollover providing a deferral of capital gain.

Rod, try here:

http://www.ato.gov.au/super/content.asp?doc=/content/7233.htm

This is the .pdf:

http://www.ato.gov.au/content/downloads/n8384CGT.pdf

I live in a regional city but the prices here are skyrocketing at the moment. Do you mind if I ask how you found the property you are talking about?
I don’t have any investment properties at the moment but I am very keen to get started.

quote:
2. Make weekly repayments as opposed to fortnightly or monthly repayments (for P&I loans).

#1 is pretty obvious, however I’m amazed at how many people do not know about #2 (again P&I loans I’m talking about). Put simply, it only allows interest to compound for 7 days as opposed to letting the interest compound for 28+ days – this might not…

[Read more]

Seriously Sach, go down to your local library and get yourself a borrowing card. If it’s like ours, you can book anything online. It’s just such a good service. I just happened to book half a dozen before I saw your post. They send me a letter when the book’s ready for collection. All the libraries in Logan City (south of Brisbane) pool all their…[Read more]

Just book it at the library Sach! Only three in the queue at Logan Libraries. Shhhh.. Don’t tell Steve I mentioned the “L” word! I’ve bought the book online. Postage was included in the $29.95
Jim.

He who hesitates is sometimes saved!…Thurber.

Daryl, I’ve been using Waterman’s Property Management. That’s all they do, ie they aren’t real estate agents. I’ve been pretty happy with the service. They cover Ipswich as well as Brisbane. (They have staff dedicated to each region) Their website is at: http://www.watermansproperty.com.au/index.html
Regards, Jim.
PS make sure you have good…[Read more]

Sugars and his Rich Mastery mates get a “caning” on consumer advocate, Neil jenman’s website – http://www.jenman.com.au

A good site for any would be property purchaser.

Regards
Chris

Max, the expert at Peterson’s told me the only effective way to build a house is on concrete or steel stumps, with no entry points touching the ground. Perhaps most of Steve’s properties are on stumps?
Jim.

He who hesitates is sometimes saved!…Thurber.

Hi Busterk, I know it’s a bit tedious, but you can find a lot of info in the ATO guide to CGT. I think I’ve selected the most appropriate page below:

http://www.ato.gov.au/individuals/content.asp?doc=/content/31570.htm&page=6#P670_56215

Jim.

He who hesitates is sometimes saved!…Thurber.

You are referring to the discount method, page 15 ATO CGT Guide, Part A;

“discount percentage is 50% for individuals and trusts, 33.3% for super funds.”

I was driving through Marsden yesterday, looking at some pretty small homes, thinking that these would have to be reasonably affordable, so I dropped into the local RE office to ask about investment properties. He offered me a few for $170,000 @170 pw rent. I said “I was actually after some properties at the bottom end of the spectrum”. His reply:…[Read more]

Duh, sorry Rod, I should have realised what you meant. Of course I’ll post his response here.
Jim.

Just this Rod:

Quote**********
I’ll be doing an article on this in the Sunday Mail on Sunday week so it
should answer your queries.

Regards

Noel
End Quote**********
Jim.

Hi Max, My property managers (Watermans) recommend Peterson’s Pest Control. I’m probably going to get them to re-do my chemical barrier around one of my houses at Goodna. It costs about $2,300 or so. Not cheap but it’s supposed to last 5 years. What they also offer is continual monitoring of baits they place around the house. The baits cost $25…[Read more]