Hi People,

im just curious, i use Destiny Solutions – Finsoft 5, as my property software, i would just like anyone elses opinion who uses this, of what they think?

cheers
s.i.s

Hi Paul, for me personally i would take the option of buying half a dozen cheapies, as long as they are low maintenance and have +ve cashflow and in the meantime, i would be workin out which property i would be selling, that i already have that has gain some capital gain, this way i have more +ve cashflow properties, i have liquidatie and access…[Read more]

more books to purchases….lol can we trade books, im serious []

quote:
Have you looked at realestate.com.au

I just did, and saw some in Mount Morgan (no idea where that is), and a few other places under $50K

Cheers
Mel

Hi Melbear, Mount Morgan is west and inland from Rockhampton, another bad place to stay away, many of the real estate agents i deal with in Rockhampton have told me to keep away from that…[Read more]

Hey Tom, lol, i know you can afford a plasma tv…lol lol

cheers
s.i.s

so im guessing everything went well this weekend, well hear from you soon.

s.i.s

Hi Johnny,

Welcome to Property Investing, ok how the 11 second solution work is.

Divide the weekly rent by 2, times by 1000 and the result will give a purchase price to aim and not exceed.

eg.

Rent = ($150 a week divide by 2) x 1000 = $75k The property you are looking at should be no more than $75k,

hope this helps

cheers
s.i.s

thanks on your thoughts Westan

cheers
s.i.s

quote:
by the way this property would not be cash positive even with a 20% deposit.
bye westan

Hi Westan, im curious why you would say this property is not cash positive? The property just fits on the 11 second solution and even with a 20% cash desposit, that would definitly pass the 11 second solution.

Just curious on your thoughts…[Read more]

well ive decided, but its still open…if im to have kids, probably most likely when im in my early to mid 30’s, i just feel that i should concentrate on life till then and then work on havin a family at that stage.

thanks guys

Hi angel01,

Welcome to property investing, i agree with what melbear has said, check out the treasure chest and you will find plenty of useful information there.

cheers
s.i.s

hey guys

you think you have it hard, i still look like a kid.

worst bit is, nearly every bank i applied with for my first loan, didnt even look at me.

well life goes on.

cheers
S.I.S

Hey Richmond,

lol… im surprise… 2 people who dont know each other but know the same lady.

anyway just wanted to say that.

cheers
S.I.S

L J Hooker. A lady name Lillian, that i deal up there is very honest.

Details as followed

L J Hooker
102 Denham Street
Rockhampton QLD 4700
07 4922 2244

Email: Rockhampton@ljh.com.au

Ask to speak to Lillian, though the lady is a little unorganise, but she gives very honest opinions.

Other thing too is that, if you are looking for +ve…[Read more]

I work for money….. But, my money works for me!

Hi Prop16, the accountant name is Will Fraser, im having trouble finding his contact details, but if you are near Redcliffe, His Accounting firm is at Margate (a suburb in Redcliffe) across from the Woolworths entrance and exit of the carpark there.

Excellent guy to talk to. And he specialiese more in IP in his accounting firm.

Cheers
S.I.S

if…[Read more]

Hi Jake_Heinemann,

Also your best friend is your bank book. Your bank book will be their when your rick and when your poor, but you will find most friends are only there when you got something they want or need.

Short story cut short.

I finish high school almost 3 years ago. I have 1 best friend from school that i keep in contact with. The…[Read more]

Hi Paulee, in the meantime while your looking for an IP, i would suggest you find out, how much you can possibly borrow from the bank or if you want get a pre-approved loan. This way, you will then know how much you can afford and how much money the banks are willing to lend you.

hope this gives you an idea on were to start.

cheers
S.I.S

Hi Prop16,

no income as yet, is equal to a loss, infact at this current moment you would call that property a negative geared one.

i suggest get a new accountant. where abouts are you from Prop16, i maybe able to assit you in finding an excellent account, who mainly deals in the accounting side of properties investments.

cheers
S.I.S

Hi Prop16, any losses that are made can be carried over to your tax return. The loss is rolled forward and your taxable threshold will decrease. You will be taxed at a new income at a new threshold because of your loss has been carried forward.

Ok i hope that made sense.

Think of a loss as a negative geared property were, your taxable income…[Read more]

quote:
I also have Somers PIA software (just the personal version, think it was around the $200-$250 mark) and it does plenty for the average investor and I keep finding additonal things it does so am learning all the time.

to access the professional version of Somers PIA software, just download the crack so you can have access to the full…[Read more]