Tasinvestor,

I’ve been reading a few of your posts with great interest. I’m also a Sydneysider, I’ve just signed the contract on my first Tasmanian property (Business/Studio on Bruny island). I’m a ex-tassie myself, and I’ve got some really good connections in the state. Perhaps we should exchange a few emails, see if we can work out where the…[Read more]

Hi All,

Steve has an EXCELLENT example in his new book regarding claiming for Depreciation. It goes along the lines that when it comes to selling the property, the amount of Capital Gains you’ll be taxed on will take into account the depreciation you have claimed.

Eg. Buy a place for $190K sell 5 yrs later for $240K = CG of $50K. However, if…[Read more]

A friend of mine is really keen on purchasing the REAP software, it is a Dolf De Roos product … has anyone here used it before?

Thanks for the info RentMaster, I would be a much happier investor if the tenants were signing a 6 months or 1 year leases.

You said we could still do it .. it just no one actually does it, how would we go about organising somthing like that, would it be through the Real Estate Agent ?

I’m interested in the QS if he’s up this way!!

So true tho, the prices do require a large outlay.

A friend of mine bought an off the plan house in the suburb of Roebuck Estate 4 months ago for $255K. It has just been completed and has just been valued at $305K.

The prices aren’t slowing yet and to be honest, I wouldn’t expect them to at least fo…[Read more]

Hear Hear Wilko91!!

From the experience of living in a mining town of 4000, in the 5 years that I was there I saw the prices go from ave $100K to ave $350 then back to $130 when I left. In the 3 years since I’ve been gone, it has once again gone through this exact cycle.

I would advise you to research the company and ask how many years the life…[Read more]

Thanks for your reply Terry.

I have a regsitered business name and ABN number that didn’t really make it through the first few months. Never ended up filing any reports to Tax Office etc. The business name & ABN are still in my name and I’ve had it for around a year.

Is that enough for a low-doc loan? stating that I have a registered business…[Read more]

Sparkle, you said “It seems the light bulb is really starting to go on re interest only loans – have recently reverted all loans to p&i – interestingly the bank was trying to talk me out ”

The fact is that one can have one’s cake and eat it as well.

What are the advantages of paying P& I and what are its disadvantages ?

Sometimes one’s…[Read more]

Come-on Brizza, Newcastle is right next door.
I am travelling from Sydney !!

See you at Maitland.

Pisces133

One problem (I should really say ‘One task’) under your circumstances is how to obtain finance.

As your income doesn’t appear to be quite large enough to get a loan from a mainstream lender
that is one area you need to consider before you dive into the pool.

Possibly one way would be to do flips i.e. buy and resell (at a profit) before you…[Read more]

The mortgage insurers nominate what the LVR is for each individual location.

The LVR ratio ultimately depends on many factors such as population, economic conditions in the town, if a small town how far is it from a major town etc.

If the town doesn’t comply with their desired criteria either the LVR is lowered or the location isn’t acceptable…[Read more]

Hi

I apprecaite your comments, regarding the phrase I inputted namely the “jousting” aspect. I came to the conclusion that I didn’t want to appear too conservative, formal and uptight in sending an offer in case the RE agent categorised me as one of those “buyers who love to waste my time by making sure every legal clause is read thrice over &…[Read more]

Ah Mini…

Always there to lend a helping hand, */me bows to your wisdowm* [] Come to think of it your the one that persuaded me to think “beyond the square” and inevitably got me going out and around NZ. Also I was born and raised in Otaki & Auckland so here was a chance to say sorry for betraying my home land and moving to Australia…[Read more]

Sorry to hear about your dilemma Delight.

Drop me a line, there may be a way out (no guarantees).

Pisces133

jmark1@bigpond.net.au

What I don’t understand is why that

Sorry about that it’s a residential property. One of those that when you look at and I mean after looking at several hundred finally see something that with a bit of work would be worth a million dollars in a few years, it has the shape, it has the size the area, the street name, the perfect driveway, the perfect surrounds and settings, all it…[Read more]

New Zealand, It’s a cherry just waiting to be picked. The question that remains is, what will be your excuse?

Hey Guys,

Richmond/Garfield: Sorry I think you misunderstood, when I mentioned “work” I meant as stated above a 9-5 “grinding it out” job just to financially scrape through life.

With regards to working, If interested & motivated I become absolutely obsessed/confined and engrossed in my work. Am currently in my 25th hour straight researching…[Read more]

Thanks for the advice!!

I had never thought about the residence issue which is only the most important issue. I will be definately implementing your suggestions.

I wish your friend great success in his next venture to make up for the last [8D]

>>If interest rates go up how quickly can you off load them when the positive cash flow becomes negative?<<

In a lease option situation isn’t it a good idea to set the interest the end buyer pays you by (for example) tying it to the variable rate (say) the CBA charges ?

Pisces133

Paul, by all means go for it but ……………
hasten slowly.

The fact that your family has come up with objections is normal. In fact it means they care (even if they don’t understand the area they are expressing an opinion on.)

It is actually good to be aware of the dangers so you can start thinking of ways and means of how to protect…[Read more]