Congratulations Everdine

That first one is an incredible feeling and it takes a while to get over it, but 2,3 and 4 come along alot more easily.

I have just bought number 4 which means we have achieved our initial goal of 3 – 4 IPs between June 1 and Dec 30.

Well done, enjoy the ride and keep us posted on your success.

Cheers
Leigh K[]

Carve…[Read more]

Bear

Interesting situation with the new offer, a bit like Dicko and Mark Holden I can’t beleive that I am agreeing with Billfromoz, but don’t complicate the deal, I think you are on teh right track but find the simplest solution. BTW do you kno whow much they “need to do the deal” now. this sometimes helps with negotiation. Don’t forget the agent…[Read more]

Thanks Richard

Yes you are right we do have a corporate trustee, as this was the safest entity for our investments.

Also the setup was about 2-3 days, not long at all.

Cheers
Leigh K

Carve your own path and lead the way …

[]Kay

I might have something for you around the 75k mark, email me TheENJOLady@hotmail.com

I would like to know where you are and what regions you are interested in buying in. Are you wanting to visit a property or do you want photos?

BTW, it is one i own I am not an agent!

Cheers
Leigh K

Carve your own path and lead the way …

I would like to take this opportunity to say CONGRATULATIONS to Melbear for being a super mentor to all newbies.

I don’t know how many times I have seen her patiently reply to the same old questions and always gives a full non sarcastic answer.

Good on you Mel I alwasy enjoy your posts.

To the newbies don’t take MJKs comments to heart you will…[Read more]

Back to Fullouts original question,

It would depend whether the unit you live has been treated as an investment property, meaning you pay rent as income to them and they claim costs as a tax deduction. If so then it is an investment property. If not then you are living in your families home and you “may” be CGT free.

Of course check it with your…[Read more]

Hi first timer and Pocah

Mel is right about reading to learn, the thing I found when I started trying to learn about trusts is that my eyes would roll back in my head or I would fall asleep trying to get my head around it.

Then Steve brought out the Wealth Guardian and this was a completely simplified explaination of all the different types of…[Read more]

Hi Silverbullett77

It depends why you want to have a trust, is it for tax minimisation, asset protection or both?

We set up our family trust after we had prepared our property investing plan which ment identifying how many properties we want/need to own to meet our goal. To this end we were in a position where a trust was the right thing to set…[Read more]

BEAR

Well done, I am so pleased that you posted that to let us know. I knew you would you sounded so determined.

Good on you, I am sure you will love it. And I am really please to hear you are going for a deal, let us know how it goes.

Cheers
Leigh K[]

Carve your own path and lead the way …

Hi Bill

I thought that was very interesting and will endeavour to do this research.

Only one thing

quote:ps. I loathe the “due dilligance” phrase… from here on in…it’s doing your sums, your homework, your research. An excellent tool for those just beginning…it will keep you out of the market.

You put up a helpful suggetion and then end it…[Read more]

Hi Pelican investments

quote:NO book is ever going to map out everything you need to do, and how to do it…..

Very well said.

If anyone TRUELY beleived they would become a property investor by just reading a $30 book they are seriously deluded. It seems to me that too many people visiting the forum of late want to have the answers, the deals…[Read more]

melbear

Correct me if I have misunderstood my guy, but our “bank bloke” said that they will no longer be taking guarentors anymore for any type of loan …

Anyway, Mikey! you need to find some spondullies and I think a smart young thing like you can get really creative … as mel said partners, what about finding a hot deal and selling it to an…[Read more]

Fudge

I would like to see what your strategy looks like on a spreadsheet.

Cheers
Leigh K
TheENJOLady@hotmail.com

Carve your own path and lead the way …

Fudge & Fields

quote:I am with fields, i mean, sure the more positively geared the house is the better, but you know, more important things should come to mind such as location etc.

It all depends on why you invest, certainly the older members of teh forum invest for positive cashflow – afterall this is the home of positive cashflow investing,…[Read more]

hi Fields

You are making an assumption that we all have buy and hold +cf properties. Many of us do wraps which doesn’t come into the same scrunty that you are suggesting.

quote: not in outer towns such as Nhill (victoria), which by the way has a declining population…and empty houses begging.

I was in NHILL yesterday and dig not see any…[Read more]

Hi taylah111

Don’t look at the obvious either, I found a block of units for sale in Armidale far north NSW, 13 units and 5 storage sheds.

On the surface the deal looked like this
13 x (approx) 110pw = $1430/2×1000= $715k
Asking price $675k not bad so far, the 5 storgae sheds were also renting for $150pw each
So now we have 1430 + (150×5)…[Read more]

Bloody hell! He’s only been a member since August.[:0)]

Carve your own path and lead the way …

Hi havenleigh park

I agree with Leah on this one, our “first” accountant told us to buy neg geared for the tax benefits, at this stage we had already been researching on this forum and decided he was the wrong accountant for us.[8] in the corner pocket!

We went to a finacial planner aligned with a major insurer and we got told not to buy…[Read more]

MrInvestIT

We have got 13 various accounts witht the NAB and have the professional package and we don’t pay bank fees on any of the accounts, of course you still pay govt fees.[]

It has saved us alot of money as we did an exercise during the first year that showed we easily spent the same amount on fees as the package price itself, and we only…[Read more]

Fudge

Their are two people on the forum other than moderators, TerryW and Arty, that have hit the 500+ posts and they turn into 4 gold star generals[8D]

Cheers
Leigh K[]

Carve your own path and lead the way …