i too read the book, and enjoyed it, finding it motivational, the Author i believe is a Psychology Lecturer, agrree with melbear and ajwans, the words were probally left in there for reasons such as ‘effect’ and to convey the ordinary people message, we’re all different..[]

It was motivational seeing how ‘ordinary people’ set about achieving…[Read more]

After ‘all’ that

you know what i ‘find’ funny.. rdayrday has not posted since his initial post and the ‘bruce’ rollercoaster started..[][][][][]

Ah well.. it amused me anyway

so back to the initial subject.. has anyone else found it funny that some owners of properties will sign 6mth rental agrreements in some cases, is this to help ‘sell’…[Read more]

Morning [8D]

The benefits of the airconditioner are worth it (for yourself and future tenants-no disputes, especially since we had a ‘very hot 38deg’ XMAS and was 28deg at 0900hrsin Perth)

Being your PPOR though and re-financing etc etc seems exce$$ive to me.. don’t Harvey Norman have some pay no interest for 2yr deals or something- just pay it…[Read more]

Shaepower

put a post up for them, or search the forum.. they’re here and you don’t have to look too hard []

Trust’s cost a bit to start up ( approx $700-900) or so i’ve been told, but Still-in-school seems to know what he’s talking about when it comes to IP’s.

Agree with his post re; Shares or a bit safer ‘managed funds’ and even safer term…[Read more]

shaepower,

Noel whittaker has a book aimed at the teenage + years, anyway check out http://www.whittakermacnaught.com.au/content/students.shtml

I’d speak to a mortgage broker ( i.e “mortgagehunter” or “TerryW”) For more exact information regarding your ability to loan !

A good ‘savings’ record never hurt anyone though, keep your statements…[Read more]

S.I.S

Thanks, i’ve been e-mailed a COCR calculator from this site,transfered it to disk, but not on-line and not on the computer very much at all at home, one day when i’m not busy ( Ha Ha Ha.. yeh right) i’ll have to look at it.

At work at the moment, log in every now and again to ‘learn’ from this site.

Hope you all had a great XMAS

REDWING

Moneyet,

Contact DEPPRO for QS work, Offices in most states, think the price was around $400, they complete a Deppreciation schedule for you, usefull for tax time !

http://www.deppro.com

Telephone
1300 888 489
08 9368 8783
Fax
08 9368 8784

Mail
Suite 25, 219 Canning Highway
South Perth WA 6151
PO Box 479
Como WA 6952

Check back on some old Posts re…[Read more]

Mortgagehunter

Thanks for clearing that up [^]

as always..you’re a wealth of Info’

REDWING

Ian… why $5 200 ?? In extra value to your house ?

Sorry if it seem’s silly, just trying to work this out

REDWING

Is “melbear” “steve” ??? [}]

REDWING

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

Simon AKA mortgagehunter

weekly rent x 52 divided by purchase price x 100.

ie $200 x 52 divided by $180 000 x 100 = 5.77%.

So this can be used to work out the yield on current IP’s ?

i.e

$145 (weekly rent) X 52 = $7540

divided by $80 000 (amount owing on loan- not value)0.09425

X 100 = 9.425% Yield

Is this correct also ..??

REDWING

I would’ve said ‘no’..

But, hey, Steve’s an accountant []

I’d be interested to know.. keep us posted!!

REDWING

WA and ‘other’ state’s taxes on buying a property are now ‘higher’ than the $7000k Federal Government grant for First Home Owners..

REDWING

mrsspud5

A friend of mine has a property in Bassendean,WA.It’s a big long block which has 3 home on it,my friend,her mum and one at the rear which they both own.The mum wants to sell her share,so it’s up for $220,000.My friend dosen’t want to sell for at least 3-4yrs.I was thinking if I used $55,000 equity from my home and have a 1/4 share in the…[Read more]

Hi Spider..

What’s your position after the initial 12 months is up ?

If you eventually look to retire in Sydney, then why ‘not’ use the time available ( Aug 04) to find something that you like, if the property markets in Sydney are experiencing a downturn/correction as we read, then you must be in a better position to negotiate a purchase.

As…[Read more]

Comsol,

just logged on, but if you check the posts over last 2 weeks davidfemia mentioned a perth accountant he has used, and someone else mentioned Margaret lomas’s company edestiny in willeton i think.. you’d have to do a search through the “trust” posts

Cheers

All the best for 2004

REDWING

itsamoorey

I’m using 100k fixed and at the moment approx 60k variable on PPOR.

However Fixed the interest back in April on IP’s and paying IO for 5 years, as Simon aka Mortgagehunter say’s the interest is 100% tax deductible, the repayments are less ( freeing up my cash- handy as more can go on the non–deductible PPOR) the tenant, myself and the…[Read more]

Still_in_school

That old girl “rocks” !!

And sad to say.. “i’m insane”.. actually, “i’m a schitzophrenic and so am I”

P.S- Where’s that town
[]

REDWING

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

Showmethemoney

“pearling boats”.. worked as a pearl diver, from Broome and the 80 mile beach up through to Darwin and out..

Re-fits on the boat in Fremantle (WA), so whilst steaming around the place, had time to read, “Noels” books being my introduction to investing, compound interest, and in his “To Read list” that gem “The Richest Man in…[Read more]

Ausprop

Are they upfront about this ?
And the cost’s associated with the ‘club’ ?

REDWING