>>Is there anyone out there that can enlighten the forum with their story or a story they have heard of?<<

What is that ??? Thinking of writing a book ?

Anyway, a friend built a super market but the council didn’t want to sign off on the building because the doors were deadlocked and couldn’t be opened from inside.

The Council insisted that a…[Read more]

>>I am of course EZY with the concept of sitting back and watching my money grow<<

Good for you that you are young.

However, in the present climate that watching business may for the next few years well be a lot more boring than watching grass grow .

Pisces

Monopoly said :

“It’s not how much debt you have, it how much your assets are worth & whether you can repay the debt.”

I would think it would sound better if that statement were to read :”It’s not how much debt you have, it how much your assets are worth in a forced sale”

When everything is hunky dory there isn’t any problem. It is when one…[Read more]

>>Some people find loud laughers to be a little annoying. Even I do to an extent. I get annoyed at myself!!! <<

Cremin, if you genuinely want to cure yourself of that terrible disgusting laughter there are two solutions :

1.Record that annoying hyena laugh on an endless tape and start playing it to yourself day and night.

You will soon get so…[Read more]

>>i think the best and safest way is to buy cash positive homes that will appreciate in value. <<

All well and good Westan, but not really a solution for someone who is basically too old to wait that long.

Pisces

Originally posted by Monopoly:
Hi and welcome Karl and Rita,
Some quick calculations shows that your IP has an 8.84% rental return, which some would agree is okay, but not fantastic. I personally think it is fine, but there are those who prefer (wouldn’t we all) at least 10% returns.

This calculation is not taking into account the agent fees…[Read more]

Quote:
Originally posted by Karl and Rita:
[wacko]
We are looking at our 1st investment property and we’re a bit confused as to wether it’s +ve or -ve cashflow. These are the numbers:
Price: $100,000
Rent : $170 /week
Rates: $1200 /year (approx)
agent fees : 8% ($13.60/week)
insurance roughly $600 /year

Is there anything we’re missing? How much…[Read more]

Originally posted by RussH:
Brad,
If the problem lies in the fact that you are making a capital gain and therefore increasing your income for the year then you will be assessed on that income and you may have to pay more child support.If this is the case you need to ask yourself a the question.
1.Am I avoiding my responsibility to pay maintenance…[Read more]

>>Put your funds in a cash management trust.<<

Parking one’s money there , yes I agree.

Keeping it there isn’t going to solve one’s problems, not after firstly, paying tax on the interest earned and, secodnly, after allowing for inflation, how much has one actually advanced ?

One will probably have gone backwards.

Pisces

Originally posted by dannads:
Hi All,
Anyone here from Ayr or who know about the place? I have found some reasonably good deals there but am not familiar with the area.
Cheers
Dannads

Hi Dannads

I hope you snapped up this good deal you’re talking about at Ayr. I’m from Qld’s Sunshine Coast hinterland (Gympie), and I for one would love to hear…[Read more]

Thanks, Jeff

Pisces

I was only discussing this subject with a friend who has substantial assets (house $ 4 M with no debt and $ 7 M debt against some blocks of units).

He suddenly has realised that he has left his run to protect his assets a bit late.

He came up with another possible solution. Divorce your wife and the house can be transferred into the wife’s name…[Read more]

>>Suncorps Ready Access Low Doc package at 6.97% (CP Rate 7.08%) 80% LVR is ok with a strong application,<<

To be fair I think you should also mention what percentage of loan applications are rejected by Suncorp, Steven.

Pisces

Wwwhat ? You think that a girl should rather settle for a big eared accountant, a toothy surveyor or bad breathed property investor ?? [wink]

Pisces

>>Well said 1hotvaluer – as a broker I can fully support your statements – I’ve never seen a val come up short for any reason other than unrealistic owner expectations.<<

That is absolute nonsense of course.

Firstly, a valuer values on the basis of his instructions from the lender. So, yes, a valuation CAN come up shorter than expected but not…[Read more]

Areas to invest like New Zealand, the U.K., Japan, forget about them.

The flavour of the month is now …………… Denmark.

Pisces

Hey, what is that whip doing there Chan ?

You too must have been a frequent visitor to Hell’s Paradise (or whatever the place is called) [blush2]

Pisces

Verry verry clever Lizzie.

The solution is so clear now, yet it baffled so many of us.

Pisces

Chan, the way the world is made up there have to be baddies as otherwise how would one know who the goodies like you and me are ?

I actually feel very sorry for people like Martin
as often their unbalanced state of mind is caused by problems in their life.

Often such behaviour is caused by a lack of self esteem, other times the cause may be a…[Read more]

Well I better be nice to you Kay. [wink]

Congratulations.

Pisces