PropertyInvesting.com | TracyD | Activity https://www.propertyinvesting.com/members/tracyd/activity/ Activity feed for TracyD. Sat, 11 Apr 2026 19:20:35 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 55083505b95a18d4af125aed998f5889 TracyD replied to the topic Our Secrets are to share ? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4403796-our-secrets-are-to-share/#post-4648960 Tue, 07 Jun 2011 08:07:38 +0000 “If you do what you’ve always done, you will get what you’ve always gotten”

This is a good reminder for when people keep doing the same thing and expect a different result.

]]> 5a12eecb8972b45be21d5d26b04fb0be TracyD replied to the topic QLD mining towns in the forum General Property https://www.propertyinvesting.com/topic/4397906-qld-mining-towns/#post-4611851 Mon, 21 Dec 2009 04:28:27 +0000 Yes and on Moura, the Belvedere mine that has just been approved will need to employ 500 staff (so the feasability study says). At the moment there are only 34 homes available to rent!. So there will be a fight over the rentals and that will shoot the rent up.However it is very quiet there at the moment, you may be able to get some great deals on…[Read more]

]]> 7390fd2d88f1d457835a9942ef5d521b TracyD replied to the topic QLD mining towns in the forum General Property https://www.propertyinvesting.com/topic/4397906-qld-mining-towns/#post-4611843 Sun, 13 Dec 2009 05:17:37 +0000 Hey kelleyhutcho,I too have a property in Moura – bought it last year, and also have it Managed with Amanda from Moura Real Estate. Not as happy as you are with the service though…errors on the managers part has lead me to no tenant for the past 4 mths! Our tenant (corporate) was accidently sent out a 6 mths lease renewal instead of 12 mths,…[Read more]

]]> a1e819a6ceacd62d9c39d80b92c22ec4 TracyD replied to the topic urgent opions needed about valuation under the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4394239-urgent-opions-needed-about-valuation-under-the-purchase-price/#post-4592925 Tue, 16 Sep 2008 00:55:31 +0000 in my opinion, and generally speaking bank valuers UNDERestimate and RE Agents OVER estimate.BUT, the value of a property has many factors – the main factor being – what will someone be willing to pay for it at the time it is sold? Also, sometimes an area can become HOT just after a news article or development approvals for shopping centres…[Read more]

]]> 5431869178911074e7698108a9ddb903 TracyD replied to the topic is this legal? it works for me in the forum Help Needed! https://www.propertyinvesting.com/topic/4394227-is-this-legal-it-works-for-me/#post-4592881 Sun, 14 Sep 2008 04:05:03 +0000 Yes it is definately illegal to live in your own unit while claiming someone else is renting it from you!! But I like your thinking, hmmmm – how to get away with it???? I think you could get away with it if you are smart – the only thing is if you happen to get audited and the ATO finds out, then they would do more than just disallow deductions. I…[Read more]

]]> ba09b384ff2bf426ffb0304e23aee168 TracyD replied to the topic Water charges on an IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4394232-water-charges-on-an-ip/#post-4592903 Sun, 14 Sep 2008 03:56:03 +0000 In Vic – the tenant pays the water usage only – the water company will send them a separate bill for it. You pay the service fee and any other annual service fee.

]]> 30fe07c1efa09d9afc9f4aa1b7b64b15 TracyD replied to the topic Can i claim expenses on repairs to Common property (strata) on IP? Tax vaiation question also. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394176-can-i-claim-expenses-on-repairs-to-common-property-strata-on-ip-tax-vaiation-question-also/#post-4592625 Thu, 11 Sep 2008 01:59:58 +0000 Hi there,Your special levy will be tax deductable as maintenance and repairs. It sounds like  a lot of work – but split between 15 units, it may not work out to be too much.As far as your withholding variation goes – firstly you need to have a depreciation schedule done – go to http://www.bmtqs.com.au to find out more. They can do a schedule for the…[Read more]

]]> 954bab9fb51ac0e446e77b6d9f160a59 TracyD replied to the topic Agent getting a bit difficult. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394202-agent-getting-a-bit-difficult/#post-4592718 Wed, 10 Sep 2008 03:12:54 +0000 Call the Real estate institute in the state you are buying the property. i think there may be differences in each state?

]]> 0c68b574f595d01b0bca53c7429213a5 TracyD replied to the topic Depreciation in the forum General Property https://www.propertyinvesting.com/topic/4394048-depreciation-21/#post-4592043 Sun, 31 Aug 2008 03:11:22 +0000 Hi Martin,If you go through Margarets books again you will find that her strategy is buy and hold, to provide you an income in the future. She doesnt really recommend selling unless neccessary.Tracy

]]> 2ab83aa0196b326004155ba3811c7383 TracyD replied to the topic Finding a good property manager in Deception Bay in the forum Help Needed! https://www.propertyinvesting.com/topic/4393905-finding-a-good-property-manager-in-deception-bay/#post-4591209 Fri, 01 Aug 2008 22:56:42 +0000 Hi Lisa,I changed my agent over to Ray White in DBay about 6 mths ago. I couldnt be happier as the previous agent was terrible. As soon as i changed I got new tenants with a rent increase of $50 per week. The previous agents were not pro active and had seriously undervalued the rent! Ray White have been very helpful.Good luck with it :)Tracy

]]> dc5c427365d349d479f2d334c051f841 TracyD replied to the topic knowing peak prices? in the forum There are no stupid https://www.propertyinvesting.com/topic/4393735-knowing-peak-prices/#post-4590304 Mon, 14 Jul 2008 02:01:40 +0000 There are no stupid questions!You can get an idea when a suburb has a huge spike in value and then stagnates for a while ( sales drop off and houses sit on the market longer, meaning the buyers think it has become over priced). Keep in mind that this doesnt give you any idea how long prices will sit flat , because there can be many factors that…[Read more]

]]> bc7968421fe939fd4b64ccc9e023bcec TracyD replied to the topic Advice Quickly!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4393653-advice-quickly/#post-4589888 Thu, 03 Jul 2008 23:03:54 +0000 As the vendors own the property until settlement date, they can say yes or no to allowing you to show potential tenants through.  They are only obliged to let you through to have your final inspection just before settlement.Most vendors though are happy to let potential tenants through? There must be a reason why they are not willing to let you…[Read more]

]]> f72187653903e43753747cee127d4749 TracyD replied to the topic sold property last fin year, still receivedincome this fin year in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393642-sold-property-last-fin-year-still-receivedincome-this-fin-year/#post-4589786 Thu, 03 Jul 2008 22:58:18 +0000 sorry, yes it is income because the tenants dissapeared and have not been found for over 6 mths so the money has been returned to me. I will call the ATO anyway, thanks for your help

]]> 5313f605a4206c93b65a22c739f2fd1b TracyD replied to the topic redcliffe investment? in the forum General Property https://www.propertyinvesting.com/topic/4393511-redcliffe-investment/#post-4589060 Fri, 20 Jun 2008 00:12:14 +0000 We bought in Dbay in Feb 2006. 3 bedder highset, dumpy looking place, 600 metres from beach for $180k.I looked at the developement in the area, large franchises going up, roadworks and also rental vacancies were 0%.Just had the place valued last month at $299k! But more importantly, Dbay was known as a dodgy area and we had dodgy tenants that came…[Read more]

]]> 8b6559b75cb74c2a71bf7af9ff294091 TracyD replied to the topic Bond recovery - Re: Tax claim in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393499-bond-recovery-re-tax-claim/#post-4588990 Mon, 16 Jun 2008 00:59:24 +0000 Thanks for that , yes I thought as much.  I do my own tax, so will probably call the ATO still , but it makes so much sense to put in as rental income. yes I have the cleaning costs to offset it.cheers

]]> f009759c737fadd2522b649a9ef18d2c TracyD replied to the topic Is this a bad time to be getting into the market! in the forum Help Needed! https://www.propertyinvesting.com/topic/4393493-is-this-a-bad-time-to-be-getting-into-the-market/#post-4588954 Sun, 15 Jun 2008 23:45:36 +0000 Thinkruss,NO, i dont believe so, there is a massive shortage of housing in Australia. The next few years will present some excellent buying opportunities with rents rising due to shortage of rentals available.Some areas will 'soften" but I dont believe there will be any sort of Crash as per USA.cheers

]]> 79cdf123700d8b7d495bc8f5b0067f49 TracyD replied to the topic Inner city Apartments - leased to hotels seems too good to be true! What's the catch? in the forum General Property https://www.propertyinvesting.com/topic/4393315-inner-city-apartments-leased-to-hotels-seems-too-good-to-be-true-whats-the-catch/#post-4588037 Wed, 28 May 2008 01:34:39 +0000 Low Capital growth.Also the bank wont usually lend more than about %70 towards these properties

]]> f0bc3ab76db5017ce74f57e1268edcb0 TracyD replied to the topic Just bought my first place! in the forum Hi Matt, Congratulations to https://www.propertyinvesting.com/topic/4392466-just-bought-my-first-place/#post-4583504 Thu, 28 Feb 2008 00:04:50 +0000 Hi Matt, Congratulations to you and your friend for making the purchase! Good luck with it, I believe the gold coast will be a good investment – hang on to it for the long term. I only wish i had made more than just a home purchase at your age!! As far as plants go – speak to the council for the area. They will be able to provide you with a list…[Read more]

]]> 02f70710bab1df9c5116489b9ac579d1 TracyD replied to the topic Depreciation!! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392232-depreciation-20/#post-4582368 Thu, 07 Feb 2008 01:33:38 +0000 One of the bigger companies claim you would get back what you paid for your schedule in the first year. I think it might be depreciator.com? Anyway, as Terry suggested, give them a call and have all of the details ready, what building its made of, any recent improvements etc… It will also make a big difference if it is wither a 4 bed house…[Read more]

]]> 5ec35eb5e3a69e98a4b2fa7e1a29a355 TracyD replied to the topic Selling portfolio Taking profit and waiting for better days! in the forum General Property https://www.propertyinvesting.com/topic/4392164-selling-portfolio-taking-profit-and-waiting-for-better-days/#post-4582001 Thu, 07 Feb 2008 01:23:38 +0000 I dont see the problem, I am a long term investor. My rents are higher than they have ever been and are starting to create some cash flow, why sell? the rents wont be going down.Only if you have bought in an area that is turning undesirable, population dropping etc..would I be taking the extreme measure of saying the prices will drop dramatically…[Read more]

]]> 2922af01e59a670b298311e7f070e499 TracyD replied to the topic Dogey property managers in Cairns in the forum General Property https://www.propertyinvesting.com/topic/4392214-dogey-property-managers-in-cairns/#post-4582293 Thu, 07 Feb 2008 01:16:10 +0000 I have been highly recommended to Martin Docherty  Real Estate in Cairns by other people that use them, I have changed over to them starting from today after not being happy with Les Freeman RE in Cairns.Hopefully you can cancel your management agreement in 30 days and start a new with a better company.Tracy

]]> c6e80a99f12abbcfc62b5fad5e3f97e4 TracyD replied to the topic Do I Sell, Renovate or Rebuild? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392187-do-i-sell-renovate-or-rebuild/#post-4582120 Sat, 02 Feb 2008 11:14:35 +0000 Hi Paul, welcome to the forum! If I were you I would spend minimal amount on fixing the property up to rent it out again.  I would then purchase another property with the equity, then either use the extra income from property 1 to help pay down property 2, or just borrow again for a 3rd property etc…..Unless you needed the $100k for some other…[Read more]

]]> aa13958c0e6fefe4925ad06122c7369b TracyD replied to the topic sitting on a pilbara gold mine in the forum Help Needed! https://www.propertyinvesting.com/topic/4392128-sitting-on-a-pilbara-gold-mine/#post-4581733 Mon, 28 Jan 2008 21:51:15 +0000 I would keep property 1 and use the extra money from it to pay into property 2.Unless for tax reasons you want to change property 1 into both names I wouldnt do it, its not as simple as it seems. (speak to your accountant about whether this is financially beneficial for you)When you are receiving great returns on an investment property – you…[Read more]

]]> ffa435ada4e4e9de10efbc9f584f700a TracyD replied to the topic How to CREATE positive cash flow properties??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392061-how-to-create-positive-cash-flow-properties/#post-4581403 Mon, 28 Jan 2008 21:38:05 +0000 It will come in the post I would say. I bought my books at the seminars so havent bought through the website before.Happy reading!

]]> e52fcaa36918f589189626aaa7931c7c TracyD replied to the topic Interest Only - Arrears or Advance? in the forum Finance https://www.propertyinvesting.com/topic/4392034-interest-only-arrears-or-advance/#post-4581226 Fri, 25 Jan 2008 11:39:51 +0000 ANZ, sorry I do pay $300 once a year for my morgage package, but thats all, no other ongoing fees whatsoever. Im pretty sure the NAB and other banks have monthly account keeping fees etc…which i think is amazing considering the amount of $$ the banks make on the interest we pay!

]]> a9850859ec4e5ef0b27aed86ce4a0a86 TracyD replied to the topic Interest Only - Arrears or Advance? in the forum Finance https://www.propertyinvesting.com/topic/4392034-interest-only-arrears-or-advance/#post-4581224 Fri, 25 Jan 2008 10:51:30 +0000 Hello Mrtender,Have you looked around for lending? just because you have business with one bank, doesnt mean you have to stay with them.:)I Dont pay any fees whatsoever with my bank.

]]> d596fe5987d4a3c07c4cb435006e172a TracyD replied to the topic Offer conditions for an apartment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392082-offer-conditions-for-an-apartment/#post-4581504 Fri, 25 Jan 2008 10:34:00 +0000 Yes, put in subject to building and pest inspection. Just because there is a body corporate, it doesnt mean there are no termites etc…I think you will find anyone else making an offer will be adding that condition, unless it is in tassie where there is rarely a termite to be seen because its too cold!I always put in subject to bank valuation as…[Read more]

]]> e67739349621a97f1c06d8cb433130d7 TracyD replied to the topic How to CREATE positive cash flow properties??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392061-how-to-create-positive-cash-flow-properties/#post-4581398 Fri, 25 Jan 2008 10:26:34 +0000 I think there is a gremlin in the system with all of those posts! Anyway, If you are new to investing, How to maximise your property portfolio would be the best book to go with. If you have a little bit more experience then the pocket guide to investing is excellent because it has step by step what you need to know and ask when buying property.…[Read more]

]]> 347d4657dcfe391e516495fd3cecb80d TracyD replied to the topic How to CREATE positive cash flow properties??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392061-how-to-create-positive-cash-flow-properties/#post-4581395 Fri, 25 Jan 2008 01:06:55 +0000 Hello everyone, I have just investigated this link and realised that you need the code off the book!!! Sorry people, I am not an indian giver at all, just was trying to help out.  If you are interested you can purchase one of Margaret Lomas's books for about $25 or $30 and get the free software, I think it is well worth it… w…[Read more]

]]> 2fb8e4b250187c381904b55cb39c8595 TracyD replied to the topic Urgent Body Corporate Help Needed! in the forum Help Needed! https://www.propertyinvesting.com/topic/4392074-urgent-body-corporate-help-needed/#post-4581470 Thu, 24 Jan 2008 22:35:39 +0000 Her conveyancer should have alerted her to any issues surrounding the body corporate considering it is mentioned on the title.  Also, it seems odd that she has never been included in any previous decisions, as if she is part of the body corporate, then she would have been a voting member and have rights on decisions made. A good place to call…[Read more]

]]> 1f1e3968824988bbb9c0c079decf8268 TracyD replied to the topic How to CREATE positive cash flow properties??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392061-how-to-create-positive-cash-flow-properties/#post-4581393 Thu, 24 Jan 2008 22:25:42 +0000 Hi Aimee,You will need a cashflow spreadsheet to work out what the + or – cash will be after tax, there are a number of spreadsheets out there, but I think I have a really simple one that I use when looking for property. I also use it when any changes happen to my properties eg: rent goes up or interest rates rise.  IF you can send me a private e…[Read more]

]]> 300e81cc7c314cb42f0d1b82d4207380 TracyD replied to the topic How to CREATE positive cash flow properties??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392061-how-to-create-positive-cash-flow-properties/#post-4581391 Wed, 23 Jan 2008 23:11:39 +0000 I have bought a place that just needed a paint inside and some tatty carpet replaced. I had the whole 2 bedroom unit painted slightly off white, ceilings, doors walls – the lot. Replaced the carpet in the lounge with vinyl (sounds horrible, but tropical climate in cairns, worked well) this only cost me $1680 to do! Trades have obviously increased…[Read more]

]]> d1025b64fe01f6381e28d102af25134b TracyD replied to the topic How would you invest $1 million in property? in the forum Creative Investing https://www.propertyinvesting.com/topic/4391957-how-would-you-invest-1-million-in-property/#post-4580814 Thu, 17 Jan 2008 01:22:05 +0000 As the Brisbane market is seeming like it is going to grow the most, I would suggest starting from there.If it was me, I would be taking on a few reno projects to turn them into pos cash flow, maybe purchase a small block of units to reno to sell.  I dont know enough about the commercial market, but I am sure there would be some great options…[Read more]

]]> 47168e002e8851633f837a671f7806cf TracyD replied to the topic Buying Investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4391850-buying-investment-property/#post-4580166 Tue, 08 Jan 2008 22:14:18 +0000 I have looked at the website.  Looking through the T&C's you need to borrow over $450k to be eligable for the grant, also you have to use their mortgage broker etc..It is no different than using a buyers agent that you pay fees to, to find you a property. They may be giving you 2K rebate, but what are you paying them extra to do so? In summary: A…[Read more]

]]> 48133d873784c41bf209e6763663dd66 TracyD replied to the topic Buying Investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4391850-buying-investment-property/#post-4580161 Tue, 08 Jan 2008 01:38:50 +0000 Yes please provide a link for this, as there is no such thing. If a website is offering it, then they need to be investigated!

]]> 692eb41a9a5aa144f5a34c48eaf4abba TracyD replied to the topic Buyers Agent in the forum Creative Investing https://www.propertyinvesting.com/topic/4391691-buyers-agent-10/#post-4578816 Sun, 23 Dec 2007 00:50:34 +0000 There are previous topics on your question, have a search through the forum and see what you can find, there are mixed views, but you may find that most of the forumites are investors who do their own research and dont use agents (me included).Good luck with your investing! 

]]> 133ddc833eb65ea55fbc04b40efa9a1a TracyD replied to the topic first home buyer help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391708-first-home-buyer-help-needed-2/#post-4578890 Sun, 23 Dec 2007 00:46:13 +0000 You are best to go to http://www.sro.vic.gov.au which is the state revenue office. There is a link on the left menu for First home owner grants – it has all of the information you should need to check if you qualify.  I would have though considering you have finance approved that your mortgage lender would have gone over this with you?Anyway, good luck with it

]]> d56349642a2e0e036ebefe36927040fd TracyD replied to the topic Notice required to remove dodgy tenants? in the forum It is definately 60 days https://www.propertyinvesting.com/topic/4391699-notice-required-to-remove-dodgy-tenants/#post-4578856 Sun, 23 Dec 2007 00:23:14 +0000 It is definately 60 days notice to evict in QLD as I have just done this.Get rid of your property manager, quick smart – give them notice as soon as they have given the tenants notice. You will need to check your original lease agreement with your property manager to see how much notice you need to give them.I have just been through this…[Read more]

]]> 06c4d3679641658c788fb4c56879afcd TracyD replied to the topic $1M Achieved in the forum  Wow to your great efforts https://www.propertyinvesting.com/topic/4384066-1m-achieved/page/2/#post-4540070 Tue, 11 Dec 2007 11:06:46 +0000  Wow to your great efforts Redwing!I said I would re post when I hit the 1 mill mark, last post on hear we were on $850k but now $1.1 mill value!!Not sure I can catch up to you redwing, but I am going to make the effort and re set some goals! 

]]> 25c98008072a20414513942ef7912a73 TracyD replied to the topic property resourcers - "cashflow capital" in the forum Help Needed! https://www.propertyinvesting.com/topic/4390492-property-resourcers-cashflow-capital/#post-4572320 Wed, 15 Aug 2007 23:19:33 +0000 Hi,there are a few companies around that do this – just be aware they will charge $$ for commission. Some up to $10k. So you need to decide if you are wanting to pay this, or search for yourself and save your $$.Sorry I havent heard of that particular company :)

]]> 173b47ff3e35cf0e0509324a94215026 TracyD replied to the topic Why is Western Melbourne so bad? in the forum General Property https://www.propertyinvesting.com/topic/4390116-why-is-western-melbourne-so-bad/page/2/#post-4570253 Tue, 14 Aug 2007 10:40:15 +0000 Hello people!I will tell you the reason!!!!!The west is flat and has a lot of estates that do not have outstanding features that people will pay more to live near. Except – williamstown, Altona, etc they have beach and closer to city.The same reason the places in the East or North have lower values – Cranbourne, Dandenong or Thomastown for…[Read more]

]]> 5c4b7424512c59f7d45d1c3f9ea39cb7 TracyD replied to the topic Bayside Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4390246-bayside-melbourne/#post-4570929 Tue, 14 Aug 2007 10:27:46 +0000 Hey Reno,there has been a previous post on Frankston you can look at if you search it.The general consensis is that the properties will increase in value especially when the freeway is finished.  Rental yields are low which is keeping some investors away at the moment. Apparently what I can make out is that there will be a gradual slow climb over…[Read more]

]]> 3a47743332fdb855efdda117b21eb118 TracyD replied to the topic How many IPs do you have? in the forum General Property https://www.propertyinvesting.com/topic/4389798-how-many-ips-do-you-have-2/page/3/#post-4568783 Tue, 14 Aug 2007 10:14:58 +0000 Hi Nucopia,You have a good pos cash flow portfolio there! Good work.Property 1. Home paid $142k valued $350k owe $118k (originally paid $80k but did extension)Property 2. Cairns paid $80k, valued $140k get $150 per week rentProperty 3 Kalgoorlie paid $136k, valued $230k get $270 per week rentProperty 4 Deception bay paid $180k valued $220k get…[Read more]

]]> a8abdb5e32300b0ca1f437932d355b2e TracyD replied to the topic It can only get better.............right?????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390324-it-can-only-get-better-right/#post-4571284 Sun, 29 Jul 2007 12:19:59 +0000 Hallo Kate,It does sound like you have had a spot of hard luck or have you?I wonder in which area you are looking for these properties? They sound very run down to me? Maybe you need to change your perspective on where you are looking/ price range?As far as it goes with the house you purchased – you are giving contractual obligations to a vendor…[Read more]

]]> f7b596d427fc09386c0530a27ecf4502 TracyD replied to the topic Advice on Trilogy on the Esplanade in Cairns? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390279-advice-on-trilogy-on-the-esplanade-in-cairns/#post-4571046 Wed, 25 Jul 2007 01:46:43 +0000 Hi Lyndon,You are right to be worried as it seems like your parents have based the decision on these apartments being a good investment because 1) The RE Agent says so! and 2) they liked the area while visiting on holidays!The worst reasons to buy real estate!I have a 2 bedroom unit in Cairns that is currently valued at $125k, so $535k sounds a…[Read more]

]]> d4c853552ec9c187e5f2d2f1bbedf75c TracyD replied to the topic 21st Century academy in the forum Help Needed! https://www.propertyinvesting.com/topic/4390153-21st-century-academy-2/#post-4570451 Tue, 10 Jul 2007 23:49:54 +0000 Hi Abee,I looked at that option 4 years back and even read his free book which I found a new learning experience and great read.I decided 4k was a big amount and went on to do it myself and now have properties and shares and still buying! Personally I think SELF EDUCATION is the key, there are so many resources and information out there, you just…[Read more]

]]> faeb0c29ea7abd2662539360afffcd29 TracyD replied to the topic Cash Flow + in the forum General Property https://www.propertyinvesting.com/topic/4390147-cash-flow/#post-4570413 Tue, 10 Jul 2007 23:39:35 +0000 Hey Fishman,Your point B can be accurate, you do not need to wait until the end of the financial year to recieve your money back, just fill out a tax witholding payment form at the ATO and you can get that tax back week by week in your pay. This is a strategy most people use when growing a portfolio.However, you need to be careful with your…[Read more]

]]> 3cd5cca9086da2c053e46d983c2e7fb2 TracyD replied to the topic Tax withholding question in the forum Help Needed! https://www.propertyinvesting.com/topic/4389962-tax-withholding-question/#post-4569474 Thu, 21 Jun 2007 02:03:40 +0000 Hi Devo,Yes you are correct – based on the information you have given them, they have worked out that you only need to pay %15 tax after your expenses are taken in to consideration.  Therefore – the current gross income (pre tax) you receive every week will have %15 tax taken out of it instead of what you were previously paying (maybe around…[Read more]

]]> f39b9f43cc1890e72e0f0ff60d6fd415 TracyD replied to the topic Where should I buy in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4389266-where-should-i-buy-in-melbourne/#post-4566106 Tue, 17 Apr 2007 23:34:20 +0000 If you want long term growth, I would look at Frankston, it is getting a tidy up at the moment and is at the end of eastlink.

]]> 9e7cd66277d9b7c39a05a7c45eb7a2d6 TracyD replied to the topic In Australia can we hold/defer paying tax when selling a house/property? I do no you can in the USA in the forum Help Needed! https://www.propertyinvesting.com/topic/4389277-in-australia-can-we-holddefer-paying-tax-when-selling-a-houseproperty-i-do-no-you-can-in-the-usa/#post-4566152 Tue, 17 Apr 2007 23:31:31 +0000 I was really excited a long time ago when I first read the Kyosaki strategy about deferring Cap gains tax. I quickly contacted my accountant who told me we cant do that in Aus! Bugger!Anyway, forget about that and move on to other strategies…

]]>