Dont know..

but try http://www.biblioz.com/main.php to search
( Angus and Robertson )

REDWING

Diclem

Great info. The local girl story you talked of- when did she renovate?
Is this how it goes:
Settle property, get dep. schedule, rent for a year or so, renovate, get another dep.schedule

The local girl ( believe she was featured on Today Tonight as well as in The West Australian Newspaper) wasn’t renovating, my main point of the story was…[Read more]

Glad i read the post to the end..

i have heard that you can claim the interest also ‘building within 12 months’ being the criteria though []

Great to see some accountants on the site !

as i’m sure we’d all appreciate some advice on different scenarios, and to those accountants out there !! anything that you can think of to help out.. please…[Read more]

Glad i read the post to the end..

i have heard that you can claim the interest also ‘building within 12 months’ being the criteria though []

Great to see some accountants on the site !

as i’m sure we’d all appreciate some advice on different scenarios, and to those accountants out there !! anything that you can think of to help out.. please…[Read more]

Monyet

i had a friend who had a 4 bedroom house and for a few years he rented the 3 spare rooms at $100 p/wk, he later found out taLKING TO HIS ACCOUNTANT HE WOULD’VE BEEN BETTER OFF ‘DECLARING’ THIS INCOME (oops ‘hit caps lock )[:0)] Anyway, he would’ve been able to claim 3/4’s of interest on the house loan yada yada, but realise this ‘does’…[Read more]

I may be wrong but..

with the 4 years rented but lived in it for 10 years prior – it was always my understanding that they aportion the CGT.

As for the 6 or 12 months – dunno ( dumb look on his face)

REDWING

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

Hey Wizzzard []

saw ‘something’ about Moora in one of my my ‘search and purchase hunts’.. sorry no help, thought about it but all i knew about Moora was that a ST Pats schoolmate used to go there!

Geraldton’s even a distant memory now- still remember those cold winds, smelly seaweed, and catfish in the shallows down at the beach. We used to…[Read more]

Riffraff

Try and contact DEPPRO (Depreciation professionals)they have an office in every state i believe, i’ve used them and had no complaints []

Tax depreciation is a benefit to the purchaser- not the builder, developer or the selling agent, and is calculated on both the purchase and construction price of the property.

irrelevant of the age…[Read more]

NOT HAVE IT MONITORED.. THEN WHY BOTHER ??

how many times have you gone “running’ to a house or a car whose alarm was going off, to lend assistance ? it’s like a security camera.. unless it’s monitored it’s worthless, you just get a movie of a guy in a balaclava stealing stuff!!

I’d offer a monitored system on a house worth installing it in, or…[Read more]

Riffraf

$34 for property Manager…per year ??

Is the property valued at $214 000 and
renting for $184 P/Wk ?
Is that low or reasonable for the area ?

Matt

Bodycorp $215 per 1/4 adds up to $860 p/yr on my calculator ?

As with Rates i got $306 per 1/4 = $1224

rent $11 440 ( at 52 weeks)

I worked it out to

Going Out Per Year

Repayments…[Read more]

“risky”

25 000 people seems to be a fair size town to me considering others on this forum have invested in towns from 9 000 to even 3 500 !

Granted the Growth is not going to be there, but do you want Growth ? income ? or low risk ? pick any 2.

Smaller towns are risky, but consider all the variables such as what is rental demand like in the…[Read more]

Mini

Re: Supplements from NZ, you should be able to order them from a NZ distributor without to much hassle, especially anything under $250.00. believe Australia and NZ have an agreement even though products that can be found in NZ take a ‘lot’ longer to eventually be available in Australia.

Friend of mine get’s “Twinlab” supplements from NZ not…[Read more]

Wouldn’t your rent from the IP then add to ‘your’ income therby effecting a wage for you, especially on a + geared IP !

Tax time comes and you have to declare this income, don’t “blow” the low-rent situation you’re in now, by trying to duck and weave the Housing people you deal with and the tax man. ( over here you’d go on the DOLA register as…[Read more]

Hi Mini..

Always out there aren’t you []

REDWING

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

Brownrabbit,

Have a look at a book called “Wealth Magic” by Peter Spann.. i think you’ll find it interesting.

congratulations on your achievements so far, you’ve done well for yourself !

Why sell an investment that’s performing well i say ?

Good on you for seeing the opportunities and taking the risk ! and welcome to the forum..

REDWING

“The…[Read more]

As you can see folks…
you now know who to call to sort out your mortgages [}]

Good Luck with the venture if you go ahead luckyone

REDWING

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

Agree with most of the above..

Used wisely they are a bonus! We as others have posted pay “no interest” as we operate with a LOC loan and payment of the card comes automaticly out of our account on the due date.

we do not use the CC of our “loans” bank and we redeem our points for Myers vouchers which comes in handy at christmas time [] and we…[Read more]

KelvinH and Namaste

Thanks for the spreadsheet… the quick response!

REDWING

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

work smarter not harder hmmm..

good result[]

REDWING

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

Hi All

David Femia, thanks for that, it’s always good to get a referal from someone who has used that particular person, not just someone who knows ‘of’ that particular person, so again thank you, i’ve been thinking about changing accountants to someone who has an interest in my particular strategy ( property investing)

Scott– the only time we…[Read more]