[ProjectMember@projectJoin Date: 2003Post Count: 31]

April 8, 2004 - 7:52 am

Hi there,
I have a property in Loch Sport which I positive gear, however the returns are seasonal. I have been running this holiday house for 2 years, and yet still to make a loss.

Regards,
Steve.

[ProjectMember@projectJoin Date: 2003Post Count: 31]

January 24, 2004 - 8:59 am

Interesting.

[ProjectMember@projectJoin Date: 2003Post Count: 31]

January 22, 2004 - 8:27 pm

I bought in loch-sport, it has 1000 people and i make a positive cash flow on a holiday house i built up there. So i believe its about the oppotunities that present themselves when investings. There really isnt any set rules, or guidlines you should go buy, but look at the facts and information, then you may choose a sound investment.

[ProjectMember@projectJoin Date: 2003Post Count: 31]

January 22, 2004 - 4:58 am

someone give this man an extra star !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

January 20, 2004 - 4:25 am

its a townhouse in werribee
just doing some reasearch on situations regarding real estate purchasing

[ProjectMember@projectJoin Date: 2003Post Count: 31]

January 18, 2004 - 3:32 pm

I dont belive so, and thx for the responce only 30secs after i posted it heehehe
Anyway near my house, a townhouse for 240k is being sold….the land which i worked out to be 80k and the 16sqm would be (16 x 4500 = $72000) 72k + 80k = 152k
So from what i know the cost of building this townhouse could be anywhere from 150k to 200k based of very rough figures.

anyone else have any other technique for determining the cost for a builder to build the house? Im not a builder so im not to sure.

[ProjectMember@projectJoin Date: 2003Post Count: 31]

December 20, 2003 - 2:37 pm

Yes I do, I will explain:
This information is from a book I read
“More Wealth from Residential Property”

If you are a PAYG (Pay As You Go) worker and receive tax benefits as a result of negative gearing, you are entitled to a tax refund at the end of the financial year when your true tax situation is assessed. It could be though, that you’d wait many months for a cheque refund. But it is possible to reduce the amount of tax you pay each payday so instead of waiting for a tax refund, you pay less tax through out the year. Ask yourself: if you were owed $3626 in tax benefits, would you like to wait a whole year for it, or pay $70 dollars less in tax each week?

A decade ago, all you needed to do was, write to the ATO and apply for a tax variation under section 221D. It was a simple matter. Today, the ability to vary your tax comes under 15-15 and the ATO requires that you fill in a 16 page booklet entitled “Application for the variation of amounts required to be withheld under PAYG Income Tax Withholdings. You can submit you paper either through paper or electronically though the internet.

In due course you will receive a letter from the ATO indicating that you only need to pay a certain percentage of your income in tax. With Bill, for example, he is owned $3626, so all he needs to pay is $7559, instead of $11185 in the first year. Part of his letter from the ATO might read:

The prescribed rate of installment deductions to be made from your salary and wages has been varied to 16.08% of gross earnings per pay period. This is in accordance with Section 15-15 schedule 1 of the tax admin act 1953.

[ProjectMember@projectJoin Date: 2003Post Count: 31]

December 9, 2003 - 10:11 pm

How much is urs costing by the way? how big? etc ta:)

[ProjectMember@projectJoin Date: 2003Post Count: 31]

December 9, 2003 - 10:07 pm

Hey bud, thanks for that !!!!
Loch Sport i am building ! 90mile beach! ta

thx man !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 17, 2003 - 7:31 pm

sif = as if
sifnt = as if it is’nt
owned = defeated
uber = very
gay = bad
madness = really good
thur = there
powah = power
lol = laugh out loud
rofl = roll on floor laughing
pron = porn

have i started an abbreviation post?… NO it was Prop16 !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 17, 2003 - 6:38 pm

basically im into strategies, and one is a phycological one, that includes spelling badly. this will give u the impression im so hopeless, u will give me all the info i need on a question… hehehe

[]ehhehe i can too spell !
i got an award for ingish !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 17, 2003 - 5:08 am

im so inspired by the ore the web site gives me, its hard to respond due to the kind nature of so many people on these forums and information they give me. othere forums i go to are rood and scary !

i am nor male or female i am an Endorf !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 16, 2003 - 10:50 am

interesting

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 16, 2003 - 10:48 am

i really love u guys
i love this site, im so newb and im overwealmed with information i cant even spell properley !

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 14, 2003 - 7:47 pm

I love you guys

[ProjectMember@projectJoin Date: 2003Post Count: 31]

November 13, 2003 - 7:35 pm

Thanks for that, that is a much better idea. Great help, ta.

Steve.