Total Members: 158,196

picklesam

  • picklesam replied to the topic is this illegal/not possible? in the forum Legal & Accounting 17 years, 1 month ago

    Hi Ross:

    Ip will be in my name, i will own it

    my company pays my rent as part of a package…Salary is about $95k, I told them to give me $73k instead and the rest they rent me a house…

    The loan is in my name

    It’s a Pty Ltd…

  • picklesam replied to the topic Student looking to start! in the forum No Subject 17 years, 1 month ago

    mate u’re doing better than me when i was at uni, i had $0…i’m pretty late to this investor thing but my biggest advice is hang around in this forum, there’s some great advice and people in here..all the best

  • picklesam replied to the topic how much can i borrow? in the forum No Subject 17 years, 1 month ago

    i see…thanks guys..yeah marc’s right about people getting attached to a PPOR, i guess i’d feel more ‘secure’ having no debt on one property instead of having 3, 4 IPs and be massively in debt…so does a MISA account effectively have the same effect of making extra repayments? I was offered to setup one but declined because i didnt earn as much…[Read more]

  • picklesam replied to the topic how much can i borrow? in the forum Finance 17 years, 1 month ago

    hi marc, yeah richard’s sorting me out aright! Selling the cars is not an option for me, i’m nuts about my cars, it’s the only ‘hobby’ i have really, i don’t go on holidays for example…they dont cost much to run, one’s in storage at mum’s house…and no debt on them…i worked out if i can manage to get another ip with mum i’ll still have about…[Read more]

  • picklesam replied to the topic What to do with significant Cash? in the forum Help Needed! 17 years, 2 months ago

    Buy a Ferrari instead! Nah just jokes…good to see young people thinking about their future…i live in a mining town and most guys your age are on $100k…unfortunately they spend it all on HSV cars and grog…

  • picklesam replied to the topic confused! in the forum Help Needed! 17 years, 2 months ago

    hi terryw, i actually lived in that property for a year to get the FHBG, will i still have to pay CG in the future?

  • picklesam replied to the topic confused! in the forum Help Needed! 17 years, 2 months ago

    thanks so much for all your advise…i’ll have to slowly digest them..i’m horrible with money…i’ll speak to an advisor asap…thanks again!

  • picklesam replied to the topic Can you lose with a water view? in the forum General Property 19 years, 6 months ago

    thanks for the advice derek! Just want to ask what is a PAYG variation? And what does it do? last year i earned $52k before tax.

    yeah i’m planning renovations at the moment…I hate the shaggy smelly 80s style carpet!

    yeah i understand it’s not a race…i definitely have the patience, just need guidance, A LOT of guidance [biggrin]

    anyway…[Read more]

  • picklesam replied to the topic Can you lose with a water view? in the forum No Subject 19 years, 6 months ago

    speak to u soon Jo…
    Brenda: i got about $20000 cash but that’s for a deposit for my next one! hehe…it’s gonna be TIGHT for the 1st 6 months(living in it to get the 1st home buyers grant) have to cough up $2300/month!

    Lucifer: don’t really get your post…i’m pretty dumb when it comes to figures…i know cash flow is really BAD but like i…[Read more]

  • picklesam replied to the topic Can you lose with a water view? in the forum General Property 19 years, 6 months ago

    Jo please check PM!

  • picklesam replied to the topic Confused bout 1st buyers grant in the forum Help Needed! 19 years, 6 months ago

    thanks for clarifying simon, lucifer! i do need a new broker! and a new solicitor as well! he told me the wrong thing too!

    YC, on the FHOG site it states u can rent the rooms out as long as the house is still the principle place of residence…

  • picklesam replied to the topic Newbie Query/Help in the forum Help Needed! 19 years, 7 months ago

    yeah kay does have a good point…but like he mentioned 50k houses are in mining/rural areas, i’m worried about capital grwoth in these places..whereas the $400k place whilst not near a capital city, have nice water views…the house itself definitely needs work(new paint,new doors/lights), intersting kay mentioned depreciation on buildings cos…[Read more]

  • picklesam replied to the topic Newbie Query/Help in the forum Help Needed! 19 years, 7 months ago

    hi all! thanks for the good advice! you lot are an inspirational bunch… looks like i’m gonna have to get steve’s book…anyhow i’ve decided to buy that 400k house as my 1st investment….i’ll let you guys know how i go…

picklesam

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