Hey Pinit2000, thanks for helping and explain what -ve gearing is, i wish i knew you about 7 months ago, im also just a youngie on here, im 20 years old and i own quite a few investment properties, but when i was tryin to seek advise like Chtulu, no body would offer it or help me out, banks refused me cause of my young age and all and i remember…[Read more]

Its much quicker and easier to create the excel formula than to download one, i have created one that also caculates the stampduty on investment properties, you will find it very hard to find software out there, that can caculate this for you and many excel programs are on american or canadian system of workin out how interest rates are caculated,…[Read more]

what i have learnt is take your time and dont rusht things, if you rush things you might miss sumthing always take your time and always check twice, this way you can elimanate a minor risk or an obvious risk that you might not have seen the first time.

quote:
I have found a property that I would offer $85,000 for that has a tenant paying $145 pw.

Can someone tell me if this is a good deal or not?
The house is neat and low maintenace.

Like you Andrew I am not sure when to step outside of the 11 second rule and to what extent.

Here to help. Cherly first up i caculated this for you.

$85000…[Read more]

Hey Dinoweb, heres a suggestion, anything i purchase say books stationery for uni and for my IP businees i claim it all on my tax, steves book can be claimed on tax if you want.

Claim it under stationery and also doing this you can maximise your tax return.

for me personally i want to be financially free by the age of 26 but for retirement im just lookin at goin semi retired, the reason being property investin to me is almost like a full time job and still you have to do paper work, tax returns and keep a watchful eye over your properties and investment for any problems or situations that might occur…[Read more]

that still to long, it may only be 3 weeks a way but the property im lookin at has a tenant there on a 2 year least and has a remaining 1 year and 8 months still, also the property is comin at only $55,000.00 and postive cash flow, is there any way i can purchase this property with out havin to wait for my equity?

hey arty thats a good age to aim, but im sure your not to far from retirement.

good luck!

hey arty thats a good age to aim, but im sure your not to far from retirement.

good luck!

hey arty thats a good age to aim, but im sure your not to far from retirement.

good luck!

All comments welcome, thanks

count me in too!

quote:
Ali
I believe that contracts can be amended if both sides are agreeable.
Cheers
Mel

Speak to your vendor and find out. Normal Contracts can be amended and can also be subjected if you feel the need to, as long as both parties agree. As for what was said earlier, speak to your solicitor.

quote:
sheez…

it is a long way to go once you get your silver to trade-up again!

BUMP

Ideally i am against what most people would say on this board, first up i would say you are better to purchase a negative geared property as your first property investment and maximise your tax return and capital gain.

The reason why i believe this is that lets say for example, you buy a property at $100,000.00 at 6% for 30 years that would…[Read more]

Destiny Solutions – Finsoft 5, excellent software, can caculate all the nitty gritty, and can give stamp duty prices and all relative caculations to most kinds of purchases.