Total Members: 158,197

summer

  • summer replied to the topic off set accounts in the forum Help Needed! 19 years, 1 month ago

    Thanks for help. I thought that was the case. If it is just an IP only then a redraw is enough as it is tax deductible. But moving in making it a PROR is better coming from an offsett account so you have the most money in the PROR as it is not tax detuctiable. Thats rights isn’t it?

  • summer replied to the topic off set accounts in the forum Help Needed! 19 years, 1 month ago

    Is this the best way to buy another Ip. Buy using an offset account (on another IP) for a new IP deposit.?

    Was thinking it could be a good idea if you want to put down a really large deposit on a new Ip with the idea of moving in when the new IP loan has reduced. Any thoughts?

  • summer replied to the topic Purchasing Business in the forum Help Needed! 19 years, 2 months ago

    I have also been looking for a small business for at least 6 months now. I am in the lower price range and it seems that all the businesses i have looked at have only been operating for 1 year or so. And not making much or any money. It is a very dissapointing process.

  • summer replied to the topic Setting up asset protection before divorce? in the forum Finance 19 years, 4 months ago

    This is a very interesting question. I was wondering although not quite related to the above topic. As a single who holds a couple of properties and other assets is there a way of protecting these from any future partnership spilts (or being sued). They are currently held in my name but in the future i would like to protect my assets and all my…[Read more]

  • summer replied to the topic -ve geared property in the forum No Subject 19 years, 4 months ago

    Thanks for advice i am going to get a quanity surveryer done as the property is 1930’s.

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    I didn’t know about a quanity surveyor until i joined this site i will look into it thanks for the advice. I was just leaving it to my accountant (although he is very good.)

    Just a question on paying down a loan on an Ip so you can then get more equity to service more IP loans.

    I thought this was the best way……eg.

    When i took out my last IP…[Read more]

  • summer replied to the topic Get “Rich” Quickly or Get “Rich” Slowly in the forum Creative Investing 19 years, 4 months ago

    I think you have to take a bit of risk.. I had my PPOR paid off by mid 2000 but didn’t do anything else until 2003 a lot of wasted time. And even more wasted time in a booming market.

  • summer replied to the topic Rent to brothers girlfriend!!!!!! in the forum No Subject 19 years, 4 months ago

    Just a question for Debtdog if you have taken someone to court and the court has ordered them to pay you the outstanding amount can you get these funds out of the person?? Even if they never have any money etc?

  • summer replied to the topic melbourne suburb in the forum Help Needed! 19 years, 4 months ago

    i think i will have a look around the houses beachside of the neapen highway need a lot of work but great location. Not keen on north frankston but frankston central isn’t as bad

  • summer replied to the topic melbourne suburb in the forum Help Needed! 19 years, 4 months ago

    I thought it was called long island around I think it is Gould street and those surrounding streets. There is a tennis court on the corner of Gould Street called long island tennis centre. Thanks for the links.!!! They are fantastic! I also beleive with alot of development the area may become more popular i will do some more research.[biggrin]

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    Thanks Yack and Geo i have just finished Peter Spann’s book how you could build 10 million property. Great read!! I suppose there is no right or wrong way in property investment some people prefering positive cashflow and some CG.(both would be good!) In Peters book he wasn’t paying off the properties just fixing the loans and paying the interest.…[Read more]

  • summer replied to the topic landlord insurance in the forum General Property 19 years, 4 months ago

    I have always been with CGU, the PM should make some suggestions to you as well.

  • summer replied to the topic markets dropped 15 pct in the forum General Property 19 years, 4 months ago

    [biggrin] That is great!! I suppose that is 40,000$ they beleived they had.

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    Can you tell me the name of peter spanns book i think i will go and check this out now?

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    Not suffering love my job just hate wasting money. And i want to be in the best finanical position that is possible for me. Thanks to you both for the advice[biggrin]

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    I have read both the NZ version and australian version of jan somers. It was very good and actually got me out there to buy this investment property. It is a good bayside area. I think maybe a mix of both would be great my next property will be Positive cashflow and i will work hard paying down my loan. this peter span book i have notice has come…[Read more]

  • summer replied to the topic Tassie in the forum Help Needed! 19 years, 4 months ago

    I was to beleive a lot of invested pushed up the prices there a couple of years ago when positive cashflow was high. I would do your homework if a lot of these investors start selling and buying elsewhere prices may fall. just an opinion.

  • summer replied to the topic markets dropped 15 pct in the forum General Property 19 years, 4 months ago

    I am sure inner city bayside apartments have dropped a bit from 18 months ago. I was just looking(for fun) around elwood and they were abuot 320,000 older style by the beach and there seems to be a few on the market for high 200’s. They did predict Melbourne would drop it was going mad. Is anyone still buying? I am keen on an outer bayside suburb…[Read more]

  • summer replied to the topic -ve geared property in the forum Help Needed! 19 years, 4 months ago

    I was thinking that would be the best to do have been looking on the web to see what it around

  • summer replied to the topic The Taurest Dollar.. in the forum General Property 19 years, 4 months ago

    From my backpacking days it was almost garunteed that the backpacker running the place would still money from the till and then move on. So owner ocupied would be better. Also backpackers theses days are really 5 star with pools and all the mod cons.

  • Load More

summer

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,197

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!