Forum Replies Created
Well..they need a venue, some IT, food and drink, a certain ambience or “vibe” to the space.
Just an idea to evaluate.
skippygirl
)Rob,
Don’t forget to evaluate ipod parties.
skippygirl
Great info, Scott. It’s good to hear an objective report as I don’t live in Sydney.
We have a unit there (2yrs old) and in the complex (6 blocks, each max 5 storeys) there is currently zero vacancy rate, and the rent on our unit has gone up $30 per week over the last 12 months so the yields are rising. According to the property manager the last 2 units that came up for rent were occupied the day after the last tenants left.
I wonder then, if, what you encountered was a lack of investors, whilts there seems to be no lack of tenants?
Interesting, thanks.
skippygirl
Anyone??
Or would a mortgage broker like to PM me if they think they know the answer?
Cheers
skippygirl
Sorry, just want to return to the topic.
What’s the best LOC rate, 80% LVR, around $200K, freestanding houses, for family trust with company trustee (directors incomes to service etc).??
Thanks
skippygirlWestan – what a game!!!!!!!!
Went to Telstra Dome and watched the mighty Tigers beat Port Adelaide – what a great day. Sang my lungs out.
Brownie, Richo and Pettifer were great. Didn’t look like it though during the 1st quarter – lots of moans and groans at the schoolboy level of skill. And then we were on fire – could not do anything wrong it was beautiful to watch.
Hope you are having a great trip.
Cheers
skippygirl))Have a great trip Westan.
Wouldn’t get your hopes up just yet. We are away all of September in Europe – didn’t see much danger in being away at that time for either of us (hubby is a Hawk).
Nevertheless Terry seems to be doing something right and the management bounced back nicely from the TAC fiasco so the signs of hope are there.
Have never been in love with Richo I’m afraid – I wanted him sold years ago but hey 6 goals is OK by me.
Oh if only we could play like we did in the 1995 finals…what a game against Essendon! Time of my life, and 5 months pregnant at the time, singing my lungs out, “YELLOW AND BLACK, we come from Ti……Ger……land…..”.
Cheers
skippygirl
)All’s well that ends well!
After a visit to the local Centrelink office, and handing them copies of the will and the title to the said property, Centrelink are correcting the asset list for my relative and restoring her pension payments.
Having no right to any rents or profits or any sort of income until the brothers pass on or marry means it is NOT an assessable asset.
Better still, this asset had been recorded unbeknownst to her for the last 6 years, so she can make a submission to be reimbursed the lost pension payments caused by this incorrect data!! Yippee. Is she happy or what?
Cheers
skippygirl)So far I’m wrong on the first point and correct on the 2nd.
Go Tigers!!
skippyygirl
Gatsby LOL.
Bwendan, been there, had all A’s all my life(they were A’s in the 80’s) and brought home one report with a single B in Year 11 and all Mum said was “what the hell happened?”.
You are doing great, you are way ahead of other people your age, and smart enough to learn that parents are not perfect, in fact they all carry some sort of baggage that affects the way they treat their children but overall they are better than their own parents and you will be better than them to your children too.
However, we all need to be recognised and praised – I certainly do. I know myself when I’ve achieved alot (and I reward msyelf) but it still means something special when the love of my life says how great I am.
Maybe just say to your parents that you are proud of yourself for the great report, you feel terrific, and say you hope they feel proud of you too. It will no doubt make them realise they forgot to tell you that and they will agree with you.
Kid, you’ll move mountains. (Dr. Suess)
skippygirl
)Hi MJW,
We too had a sort-of AIP going before I read John Burley’s book and then we refined it and have followed his methodology for the last 2 years. I just use a Vanguard diversified index fund (which has gone up very nicely thank you in the last year) and do automatic BPay payments on the 1st of each month for 10% of our gross income.
Then another 10% of our gross income is added to our minimum PPOR mortgage payment. The other 10% of gross is for charity but we are tracking at 3-4% until our mortgage is gone.
John points out that if you educate yourself about an asset class or investment opp, know about it and have a strategy to earn 15% + returns for it then invest in it, but if you have the “buy, hold and pray” or pure speculation method then he does not regard that as investing and recommends for your AIP you are better off just using an index fund for the lower management fee and because you will simply earn the index return and you can’t do any worse than any active fund manager 2 out of 3 years at a time.
So, if you do have a strategic approach to direct shares and can earn 15%+ consistently go for it.
With any AIP he then recommends you take that as it builds up and invest it in the niche you have chosen which must earn a min of 25%. So our Vanguard fund builds up and is converted into property as we go as part of our “Level 4 and 5” strategy and that strategy has to deliver 25% COCR.
Hope this helps….
skippygirl
)
