Sorry for the wrong info on my last post. I was unaware of this, but I suppose that is why i come, to learn new stuff from the more experienced people.

Scott

“Together we combine our strengths and eliminate our weaknesses”

Please add me to your growing list as I would also like a copy.

strw (at) westnet.com.au

I dont know about your email provider but some will host a webpage for you for free. If you can do this next time you might find it easier tjust to upload it and post a link and everybody can get it from there. Saves you from getting rsi and sitting…[Read more]

quote:
Moora……..beware the flood waters

Hello All

I have to agree with procrastenator. Last year or the one before that, I forget, Moora had two major floods wich devistated the town within about 4 months of each other. Now with the hospital not being upgraded I would not recomend buying up there. I found it funny that the local police had…[Read more]

Isnt there some webpage or office that you can ring to find out the date a property was last sold and for how much. I remember reading about it once, this would make a great research tool. Does anybody know the place I am talking about and how to contact them?

Scott

“Together we combine our strengths and eliminate our weaknesses”

quote:
WA is lovely though. Investing in Mandurah and around there could be very good though, it’s going to be awesome, they are building a train line finished in 2007 and it will take 48minutes to perth – it also has lots more going for it, like the top regional area for employment, fast growing, etc etc

Hello Mini

Investing in Mandurah may be…[Read more]

No. thats why it is called the first home owners grant, not the first ppor grant.

Scott

“Together we combine our strengths and eliminate our weaknesses”

Following on from S.I.S. Robert also sells kids and adult board games that teach people how to invest and make money. I have never played these games but have heard they are good. They are a little on the expensive side at around $100-$300 but thats not much really for a good head start. I dont have his web address in front of me…[Read more]

Depending on the vendor you need to be very carefull when writing subject to finance. If that is all you have written and you get knocked back before settlement is due I think the vendor has the right to make you continue looking for finance with other lending companies until the due date. It is better to write subject to finance from…[Read more]

quote:This would then mean we’d have to pay more rent (although, we would then get some of that difference back in rent assistance).

Allan

Be careful I dont know your situation properly but I am under the impression that if you buy your own house you are no longer entitled to rent assistance as you are now a property owner. Something to keep in…[Read more]

Lanterns
Not very bright and need to be carried

Metamucil
Slow to act and gives everyone the s.hits

Morphine
Slow working dope

Scott

“Together we combine our strengths and eliminate our weaknesses”

If the +cf from you ip on top of your pension took you over the tax free threshold then yes you would have to pay tax on it. In regards to your other question I think you can only get back as much tax as what you have paid out, and after that amount you get back tax credits. If you dont pay any tax at all at the moment you must be careful…[Read more]

quote:

8. If you are above ground today…..its a good day for you. Stop……smell the roses…..jump in puddles…..go pantyless to work…live out your biggest fantasy (yes mine is naked men and all the chocolate in the world!!)..enjoy today!! Tomorrow just might not make it here.

Hello

Were do you work and Ill bring the chocolate.

Merry…[Read more]

Myself, PeterP and a few others have been briefly talking about Gero on one of the other pages, check it out if you want to it may help a bit.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6098

Scott

“Together we combine our strengths and eliminate our weaknesses”

That east/west thing is generally right with the exception of Mt Tarccola and Seascapes(a new suburb), which are on the east side of the highway. As for Geraldton in regard to growth i know it had seemed to be pretty stagnent to the point of going backwards before I left with a lot of shops empty. As you mentioned previously they are…[Read more]

quote:
Now, if you continued this way unchanged, for the full duration of the loan – say 25 years – would that mean your total loan repayments will have only been $150,000 – that is, the same as your initial purchase price because the tax dept. effectively paid your interest?

No. All the money you pay on interst is not just refunded to you. It…[Read more]

It depends on your stratergy as to were you should buy but I will give you a brief discription of some of the locations.

Bad Areas

Rangeway/Utakarra and Spalding
There is the chance of getting +cf here but this area is full of homeswest housing, has a high a crime rate, full of unsavoury people and houses and cars get trashed on a…[Read more]

Congratulations on becoming a parent. Now that your book has come out and you have a lot more exposure will you finally becoming to Perth to do a live seminar? I know there is a lot of interest in this and if you have already answered this Im sorry to bring it up again.

Scott

“Together we combine our strengths and eliminate our weaknesses”

Thanks for that its good to know. I hadnt actuall kept my recipts for my books but I will from now on.

Scott

“Together we combine our strenghts and eliminate our weakness”

I think it depends on what strategy your using as to wether you want to use io or p+i.

When positive gearing you may find it better to use p+i because over time your repayments will get lower and thus increasing your positive return. After 25 years you will get to own the property but the downside to this is over time you decrease…[Read more]

As far as I know that is OK. I emailed the people from my local FHOG department about a year ago to find out how long you had to stay in a property for to be eligible and they basically told me that it didnt matter how long you were in there for as long as it was within the first year. This fact you should double check with your local…[Read more]

They used to. I know when I left there in 1996 they were having reunions every now and then for past students. I dont know if they still do it now though. As to calling in there if you do you wont get much of a response. The St Pats campus still gets used to house the boarding student but that is about it. All the schooling is now…[Read more]

I cant believe it another St Pats boy -Me too. Although halfway through my schooling it went co-ed with stella and changed to Nagle. The girls were a big inprovement. Im at work also on Night shift doing the same as you logging on every now and then to see if someone has repplied to a post. With Redwing I was talking about the honda…[Read more]

Its 3.00 in the morning here in WA how come you are not in bed like most people? I take it your from the Perth area, Im new to this forum and was wondering how long have you been investing for? and how are you going at it? They seem to do alright in the eastern states and was just wondering how the locals over here are doing. On a…[Read more]

To my understanding you can claim all your interest on an investment loan. One thing to take into consideration is If you have a principal and interest loan over the years you pay less interest as you loan decreases thus decreasing what you can claim back at tax time. Still the benifit of this is that you will get to own the house after the…[Read more]

Well I havent heard anything about the land leases but when I was up there I wasnt looking to invest at the time. I know people who used to rent in that area and although there house was basic I think it would meet the critea for popsitive cash flow. I will have to look into it further. If anyone does buy a IP up there Ray White are…[Read more]

Well I would have to say I have never heard that before and it doesnt make alot of sense to me. Which doesnt mean its not true. What context and what book was that written in? There might be more mitigating circumstances. Look forward to hearing more on this.

Scott

“Together we combine our strenghts and eliminate our weakness”

“Together we combine our strenghts and eliminate our weakness”

Scott

I have read the book and have to say I though it was a great read. It was amazing how they used the principles back then to make money, as it is a true story based on stone tablets found in the desrt. It really changed the way I thought about money and savings.

Catch you round

Scott

“Together we combine our strenghts and eliminate our weakness”

I know your letter wasnt addressed to me but I thought I would give you my opinion. I am not much older than you at 24 and if I was you I would keep your ppor. You say that you should get about 80k when you sell it, it may be a better idea to keap the house but borrow against it using the equity that has amassed. As for getting…[Read more]

Its just my opinion but when you buy a house be it investment or ppor you have to budget in for reasonable rate rises as it is ineviable that they will eventually go up. Myself and my wife budgeted so that if the rates rise we can still comfortably affort an increase to 10% before we have to sacrifice our standard of living, and thats on a…[Read more]

Yeah I was thinking the beachlands, Piont Moore area for a house as they are still pretty cheap and shouldnt be to hard to rent out. You were definetly well advised to stay out of the Rangeway/Utakarra and the Spalding areas as they are definite trouble. For a unit up there I was thinking beresford, but I will just have to get onto the…[Read more]

Thanks Peterp. I have just finished reading 0-130 properties and have also read all the usual stuff like rich dad poor dad, cash flow quadrant, how to become a property millionaire and a heap of others. I have just spent the last three years trying to convince my wife to leave Geraldton and now we have shes going to love the fact that I want…[Read more]