Originally posted by Monopoly:

Quote:
I have no objections to being quoted, as long as you spell my name right (which you have done) so go for it!!! [tongue]
Cheers, Jo

Hi Jo

Glad you like my spelling. Two letter, monosyllabic names like “Jo” are my forte!! [biggrin][biggrin] I’m also pretty good at four syllable ones like Mo-no-po-ly,…[Read more]

Originally posted by aussierogue:g’day remember that your broker has something to sell also. the more you borrow the more commission he makes….but his advise sounds a tad dodgy.

I’m with Aussie Rogue, GP, Derek and the other posters on this one. Your broker sounds a bit dodgy to me also.

I’m a school teacher/budding land developer, not a…[Read more]

Originally posted by MichaelWhyte:Greg, SNAP! That is SO my favourite movie of all time too. I just love Andre the Giant, not to mention Billy Crystal and the whole “to blaive, which means to bluff” to which his wife the witch replies “lyer!” and chases him around the house. [biggrin] That is one of the best feel-good movies of all time!…[Read more]

Originally posted by Scremin:
[inlove][inlove][inlove] Awww Richmond!!! Congratulations on 1st year!! ….It’s ok. You can be greedy with love tonight… Steph.[inlove]

Hi Scremin

Greedy with love?? [inlove][inlove] …NOW you’re talking my language!! On the surface, we’re all hard-nosed capitalists; deep down, we’re just a bunch of…[Read more]

Originally posted by FireCaesar:Oh, so that’s what wholesale is all about. I feel pretty silly now yet I’m glad I learnt something. In that case, do people buy plots of land and build houses in them for sale?

Hi Fire

Life’s too short to feel silly, right? The main thing for ALL of us is to:
1. Keep learning and (more importantly…)
2. ACT on…[Read more]

Originally posted by richmond:I should change that profile, I’m 30 now, but the more I read these boards, the more I get confused as to whether I’m virtuous, evil, rich, poor… so many conflicting emotions. Ah well, it’s 6.12pm, tonight’s bulletin is halfway over now, heads around Melbourne are being screwed with… my work here is done. Off to…[Read more]

Originally posted by FireCaesar:
Hey Greggy, I was really chuckling to myself with your cute little chant “buy wholesale, sell retail”. Really cute.. Did you think of that yourself? Btw, where can one look for wholesale IPs?

Hi again
Wholesale Ip’s? You do them yourself. It’s called “doing land sub-divisions” and/or house and land packages,…[Read more]

Originally posted by richmond: Gotta go and write something for the news now. Hope I can manipulate the viewers. Cheers r

G’day Richmond

Thought you were being happily ironic,[biggrin] so checked out your Member Profile. Here’s what I found:
Marital Status: married Gender: Male
Occupation: TV producer – Ch 9 News
More about richmond…[Read more]

Originally posted by MichaelWhyte:Greg F, Merry Christmas! Nice pressie!! …My wife and I are flying up to Hamilton Island on Saturday (don’t mean to gloat [cap]) for a week sailing around the Whitsundays.[biggrin] Anyway, a lot of money tends to flow this time of year, and most of it not directed towards investments. Greg, you’re an exception…[Read more]

Originally posted by FireCaesar:crj, thanks for your contribution.
Greg, those examples really did help. I know how to calculate now.
*Nero huh? Hehe … (That was pretty funny I thought) So what do you consider a good rental yield (as a %)? with closing cost and without …

Hi again Nero, [bonjour]

Are you still fiddling while Oz’s bushfires…[Read more]

Originally posted by aussierogue:g’day – im a bit confused where the 700k amount comes from? and to be truthfull a 700k debt is the last thing i would want at the moment.
i suggest you keep the place – the returns are good. i cant see how an extra 80k (profit as you say) makes a 500k difference in how much you can borrow?? good luck with it…[Read more]

Originally posted by free@35:
Hi Fire, That is pretty much right but it all comes down to your goal, strategy and plan. I am Just begining my investing career but my advice is to read as much as you can and sit down and set some goals (think big), choose a strategy and plan how you will acheive your goal. But the most important thing is to TAKE…[Read more]

Originally posted by FireCaesar: I’m not sure how one goes about obtaining the rental yield (%) when given the value of the property with the rent per week. Perhaps someone can enlighten me on this. Thanks.

G’day again Nero [biggrin]

Monopoly answered me back in May this year on precisely this question. Hope she doesn’t mind if I quote…[Read more]

Originally posted by FireCaesar:Just wanted to make sure I was getting the idea right for P.I.
*Using cash for downpayment of first I.P
*first I.P appreciates
*Draw down on free “equity” (free money) after appreciation
*Use the free “equity” as downpayment of second I.P Is this correct?

You got it in a nutshell, Fire Nero [biggrin]

Read Peter…[Read more]

Originally posted by Derek:
If you are only selling your home to free up the money for investment you may be better off speaking to a broker who can show you how you may be able to keep you home and also free up some of the equity you have available for other investments…. Ultimately what you do is up to you but for me I would suggest you hold…[Read more]

Originally posted by Chris2004:Thanks Derek makes sense![exhappy]

Hi Chris

Can I assume you’ve paid a Quantity Surveyor for a depreciation schedule on your IP? Crucial for tax effectiveness.

Also, DON’T do a depreciation schedule when your PPOR becomes an IP before speaking to your accountant. There may be some pretty serious ramifications…[Read more]

Originally posted by Greg F:
Hi [cigar] [cap] I’m hoping you guys and gals are going to deluge us with juicy web links /press releases /all relevent info on this issue (“Pretty please with a jellybean on top?”)
Thanks Greg

Me again folks

The Mortgage Broker who tipped me off has just sent me this link ( I owe him…[Read more]

Originally posted by MichaelWhyte:Its official. According the SMH today we’re a greedy bunch and getting greedier, and what’s more this is a good thing! You thrifty types better get out there and spend up big over Christmas like all those good people contributing to our economic growth. Forecasts say we’ll spend on average $1650 for every person…[Read more]

Originally posted by camnlisa:
Hi Guys, Having just finished the second Steve McKnight book I was motivated enough to buy two investment properties in a rural town for $140k each renting for $310 each per week – an unbelievable find I couldn’t refuse!! I would like to self manage these and need info about bonds (I seem to remember reading that…[Read more]

Originally posted by Derek:

Quote:
While this suggestion seems so simple in practice it does not improve Michael’s non-deductible to deductible debt ratio at all. The ATO will apply the ‘what was the money for test’ = to pay off PPOR therefore refinance on block not deductible. Even though the security is held by an ‘investment’ the purpose of…[Read more]