who are the “people who know”? by the time it gets in API, the train has left anyway.

as a place for a holiday house, it’s good… and rogue, it’s not currently going through a boom… it’s been through a boom, like everywhere else on the coast. Also, if the economic downturn is just around the corner like Mr Costello is softening us up for, and…[Read more]

why buy at the tail end of a boom? prices have doubled and tripled already…

I like giving simple replies.

If it’s causing you too much stress, sell one and reduce your overall debt.

If you think it’s worth the stress and you can put up with it, don’t sell any.

Only you know the answer really

Ask yourself, is the lure of the future worth so much sacrifice now? As you said, you need a life. Investing is just a means to…[Read more]

Hello Michael…

Just be careful, tax minimisation is legal, tax avoidance ain’t. Don’t stretch white lies too far with the ATO.

Cheers mate
r

In certain towns in regional Australia, residential properties meeting the 11 sec solution are very very easy to find… whether they are a good investment is another matter.

cheers
r

Michael

I’d encourage you to get your hands dirty yourself, without using a buyers agent. It’s the best way to learn.

Cheers
r

Hi Michael

For some up to date news on what the NZ market is doing, do a search for posts by minimogul and westan… wilandel have also bought properties there.

cheers
r

Hi LifeX

While Steve’s fundamentals are based on positive cashflow, even he admits capital gain has been a MAJOR factor in amassing his fortune with Dave.

Cheers
r

Apart from Steve’s first book, read Jan Somers’ book More Wealth From Residential Property… might also be worth subscribing to Australian Property Investor magazine

Hi debtdogg,

Get a copy of “Trust Magic” by Dale Gatherum-Goss.
It will clear everything up for you.

You can buy it online at http://www.gatherumgoss.com

cheers
r

Howdy bruham my man,

I still don’t know why people equate “cheaper” or “country” properties with “backwater”… there are many bustling cities in Australia with populations of 30, 40, 50 thousand that have a solid diversity of industry and are good places to invest. One example, I bought 4 with yields of 10% 18 months ago in a city of 50,000 for…[Read more]

High 100s will easily buy you something decent and rentable in a place like Shepparton, Bendigo, Ballarat, Warrnambool etc… regional centres with populations of 30,0000 or more.

cheers
r

If you redraw your money from your home via redraw facility or line of credit, and use it for investing, then the interest on the loan is deductible… all you have to do is prove to the ATO what the money was used for.

Cheers
r

howdy,

interest on money borrowed for investment is tax deductible

cheers
r

http://www.eurofinance.com.au

I don’t quite get the point of this exercise. Shouldn’t people invest to their means? I’d rather the cheaper properties… vacancy in the hunters hill place means big big repayments to meet… at least with 4 the risk is spread. The Hunters Hill one may very well be worth more in a decade, but my sleep at night factor for the other option will be…[Read more]

Hi Domo,

Use the search facility, she’s been discussed quite a lot.

Cheers
r

bruham

I’ve always been a news man, never the alleged “current affairs”… only worthwhile shows that deserve that tag are 60 minutes (sometimes), Sunday, and a few on the ABC. Good to see you’re supporting Mr Packer and keeping the likes of me in a job by watching 9.

Cheers
r

I think you’ll achieve your goals standing on your head.. sounds like you’ve already done very well and know where you’re headed.

Cheers
r

personally I’d clear the mortgage, so you can replace bad debt with good debt when you re-use the funds for investment. I wouldn’t be in a hurry chasing quick CG in this market. Patience is the key.

What’s the zoning on your acreage near Bundy? Can you develop it in any way? I’d perhaps look at utilising that for cashflow if possible, maybe…[Read more]