Originally posted by kay henry:
sis, if you try to take bond money out of bond money- for the window, for example, when you (the owner) have agreed to pay for it, you will be taken to the Residential Tenancy Tribunal, and the tenants will win. For a guy who owns 13 IP’s, you have an interesting perspective on how you are able to use bond moneys.…[Read more]

Have the CoCR calculator to add loan figures into the equation, trying to establish a “ready reckoner” type sheet that i can just write figures into to get an idea of the value of the property as an investment, i know wehave the 11 second rule but those properties are getting harder to come by, and have jumped a bit in price llately, so if i’m…[Read more]

You can borrow ‘more’ than 100%

Including loan costs etc etc, you just have to be able to loan against Equity you already have !

Nothing for nothing, the bank lends to you ‘when’ it’s safe for them.

You’d need to post more information on your personal situation..

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years…[Read more]

Ryanmel

I’d added onto the notes section of sheet-

Not inclusive of repairs/maintainence or taxation considerations ( This includes depreciation )I hadn’t asked the agent about depreciation schedule, i believe the units are about 30 yrs old, with new units in the area asking for 210-230k for 2 bedroom, unsure as to how this affects depreciation…[Read more]

Many Thanks to you both

The sheet gives me some basics to work with and acts as a reminder of cost figures to ask the Agents for, as i said i can then transcribe to CoCR calculator

Recieved an e-mail from the same Agent stating a 2 brm in the same complex is for sale for $115k, rent 160-170 p/wk using same figures for fixed outgoings i work out…[Read more]

Thanks to ‘All” for your replies-

i’ve purchased “how to Maximise your property portfolio” by Margaret and have found it interesting so far.. making me think of S.I.S ideas of offset gearing, having a portfolio of mixed property investment’s at different stages of growth/gain.

I spoke with one of thier ‘Financial Advisors” in thier new office (…[Read more]

With the ‘new look’ still no problems copying and pating to Word !

You just have to tidy up the empty spaces betwwen posts so as not to wa$te paper.. : )

REDWING

I bought Margarets book ” How to maximise your property portfolio” recently and am finding it interesting.

margaret’s business has ‘franchises’ i believe around the place with Financial Advisers ( Pro property and cash flow positive)in place to help you plan your investment strategy, don’t know whether they assist in finding properties, or you…[Read more]

Put more ca$h into the property.. hey , now it’s positively geared : )
sorry..no “creative’ idea

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Jancrow’s

Your ex is living in it and you have equity in it so presume you both owned it at one stage ??

Whose name is the property in etc.. you need to post more details, if the property could be sold to you, he could recieve cash from his equity and sign a rental agreement for you, justmaking random guesses here without all info..

REDWING

Hey Recoveryman

Working over period to the 20th []

feel free to contact me though
barrytspencer”AT”yahoo.com.au

How far up north are you going ??

I’m still ‘searching’ have a nice little sheet printed out that i write prices, fixed outgoings etc into to try and work out viablity of property, e-mailed a few agents and in contact with them…[Read more]

Markymark

Agree with TerryW,

You should only be looking at around $800- $1’000 to establish a trust, i was quoted $800-900 with a 1/2 hr consultation for free, to see if this was the best structure for me and to assess the ins and out’s..

My Christmas present to myself was going to be “trust magic” or Steve’s ” Wealthy Guardian”, didn’t get…[Read more]

strw23

i’ve claimed books and courses, your computer ( usually they depreciate over 3yrs), anything related also, for example property magazines etc

With shares you could claim the newspaper ( be reduntant with computers nowadays as you’re getting yesterdays closing prices)

You can claim many,many things, just don’t expect your accountant to…[Read more]

Beerboy

At the moment doing the same building equity in current PPOR ( cheapest and easiest ways to do this is renovations etc, doing the work yourself -then re-value , also re-value your other properties if it hasn’t been done for a while )

Still searching for properties and wish i had more time, expect rates to go ‘up’ again in next couple of…[Read more]

PINKY AND ARTY ‘DID’ SEE NEW YEARS IN WITH A BANG!![}]

WE WATCHED A MOVIE AT ARTHOUSE STYLE THEATRE, WALKED OUT AND SAW IT WAS 1155 SO ‘RACED’ TO VIEWING PLATFORM, ONLY ABOUT 100 PEOPLE HERE ( BUT KIDS,SPARKLERS ETC SO ‘MADE’ GREAT MOOD) AND A HIGH VANTAGE POINT, SO GREAT VIEW OF FIREWORKS THEN HOME TO ‘CRACK’ THE CHAMPAGNE…[Read more]

CONGRATULATION’S TO STILL IN SCHOOL AND MORTGAGE HUNTER

NOT ONLY FOR ACHIEVING THE STATUS OF MODERATORS BUT FOR ALL YOUR ADVICE GIVEN OUT OVER TIME TO THOSE WHO NEEDED IT…

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Ausprop

Please e-mail me details see below

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique.

barrytspencer ‘AT’ yahoo.com.au

REDWING

“The man that thinks at 5o as he did when he was 20…[Read more]

Yack

Guess it all depends on your financial situation and what you can afford to do or buy, with two kids and a wife to support? plus the – geared properties you are probally on a better wage than most, property will appreciate in time ( even in rural areas – just slower)

A dollar spent on your – geared property only gives you 30% back on the…[Read more]

Good luck Dom

Redwing

Wayne…. so basically “Zilch”

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”