You’re a smart bloke redwing, you shouldn’t have any probs finding your own deals… unless you’re stretched for time that is, in which case it might be worthwhile leveraging off someone else… I’m not so sure the depreciation angle is the way to go, because you’re still going to eventually limit yourself borrowings wise…

cheers
r

That’s funny, I remember them doing stories only a few months ago about how you could make a fortune in real estate in 5 minutes…

What does this type of story do for Steve’s relationship with TT? Would look weird doing stories on property investing in tandem with property crashes wouldnn’t it?

Anyway, I wouldn’t put any weight at all in a TT…[Read more]

G’day SIS,

I’m intrigued as well… and for all the “guests” reading, thanks for being part of my day…[:p]

I actually think there’s more lurkers on this forum than there is on the somersoft forum… but I don’t know why that would be the case… anyway, enjoy…

Cheers
r

Hi SIS

Which areas do you wish you’d bought in 6 months ago? Mackay’s probably my pick at the moment

Cheers
r

Hi Elysium M,

It’s more a case of an accountant thinking he was doing the right thing at the time for my wife.

My wife, and she admits this, knows bugger all about finances etc… back when she did her tax return for the first year she had the property, it was rented out for about 6 weeks… the accountant decided to claim all the interest for…[Read more]

I’d just laugh in his face…

Cheers
r

Hi ALWALW…

I agree there’s often not a lot of substance, since so much stuff gets covered over and over and over again…

At work I’m always checking in to see what’s new, but I’m also doing plenty of research in other, more important areas as well…

Cheers
r

Thanks Terry,

I rang the ATO and they said it was all no worries… even though she only lived there for a month and a half or so before making it available for rent… trouble is, her accountant at the time claimed interest payments from day one (probably thinking he was doing the wife a favour), so we have to fix that up by writing a letter and…[Read more]

A big congrats to you, I love hearing stories like that… maybe more of us would be able to do likewise if we didn’t spend so much time on the forum []

cheers
r

That’s funny Kay, I was thinking the same thing… maybe go out and start up my own courses, slug people a few grand for the honour of hearing me talk, and sell it by telling people it’s tax deductible… how win-win is that? []
r

I think the new year has brought a much more mellow Bruce, which is great…

cheers
r

as I said, keep reading the threads, there’s a wealth of archived information here…

Cheers
r

“Well S.I.S., if Vic Ollis is able to buy properties at 50% below the proper market value then so can S.I.S.”

I’m sure SIS wouldn’t employ such tactics to buy at 50% below…

Cheers
r

best advice is keep reading the threads, have you bought the book?

cheers
r

Hi

I’d be amazed if they were deductible as well… perhaps that’s part of the lure of going in the first place… “sure it costs 10k to go, but I’ll get it back from the tax man in the end.”

cheers
r

Hi Narinder,

Welcome aboard.

Spend a few days searching back through old threads, you’ll find a lot of discussion regarding your questions…

Cheers
r

Hi Phil,

Give a bit more info, and you’ll get some more details replies.

Cheers
r

Hi there,

Welcome aboard. The problem as I see it is you can’t expect a yield of almost 14% to come with accompanying capital growth prospects… not the way the market is right now. As for areas in Queensland, or anywhere else for that matter, just spend ages on real estate websites testing out different price ranges, you’ll get a feel for which…[Read more]

I’d look awfully carefully at anything that offered a rental “guarantee”

cheers
r

G’day…

If you do a search you’ll find a heck of a lot of discussion about your questions.

Cheers
r