Always get a schedule done, They normally write the depreation over 40years, "Deppro" actually have a policy that if the depreation schudule doesn't return enough money to cover the cost  you out lay for them to write it up for you they don't charge you,

It wouldn't bother me, but I would increase the rent and add the new tenant at the renewal of lease, why doesn't the land lord like the tenant, if they are causing other problem evict them for that reason, otherwise honour the lease as you would expect the tenant to honour it. I can't stand land lords on a power trip,

oneiricer wrote:
its more like neither. putting enough of your cash into deposit isnt such a great idea as it means your cash on cash return will be significantly lower than puting in the bank. This just means that you're probably better off putting your money in the bank, earning monthly interest in it (risk free) than putting it on a…[Read more]

During a property down turn move all your money to invest in "ostriches" or "Olive Groves"

G'day Mate,I think the best thing to do is just keep going as you are paying the house off and clearing that car debt as fast as you can,If you do refinance to reduce your payments you will be adding years to your loan,Also beware of refinanceing the car loan into the property loan it can be a "Trap" If you refinance the car into your home loan…[Read more]

I have been thinking about this for a while too, my thoughts were that when I look around at alot of the baby boomers I know, (and I am talking the average joe here) not many of them actually have overflowing super funds most of them actually have quite limited super saving's due to the fact that they have not been putting money in their  whole li…[Read more]

Offcoase you should not live like your in poverty,The point I was trying to make was not to be a scrooge, but just be wise with you money and not blow it, I certainly do not deprive myself of the basic's, but when it comes to big ticket luxury items I certainly don't go over board, I drive a nice tidy 1997 VT commodore converted LPG, I don't need…[Read more]

Yeah I am sending an email today,I am actually investing around the Central coast nsw at the moment, However I do have a couple a properties up in Brizzy, Whats your feeling on the market up there at the moment. 

I don't believe the peak oil theory will have much affect, There is plenty of oil left, As new technogy arises they are getting more and more oil from existing wells that were thought would be un economical by the mid 90's, finding ways to drill wells in deeper waters and in areas thought imposible years ago, and are begining to drill heavy oi…[Read more]

G'day Devo76,I think blowing money sensly is very over rated, I livd by the rule that I should always spend less than I earn since I was about 17 I have just turned 25 and it's my plan to have Financally freedom by the time I am 30, So i don't waste any money on the doodads that some people treasure so much, I am of the opinion that it doesn't m…[Read more]

Qlds007 wrote:
Hi CGG Rather than rent to buy or similar why not try a shared equity scheme. You repayments would stay the same but as you give up an element of the equity to a 3rd party you would be able to get into a more expensive property. With Vendor financing you are going to end up paying an increased interest rate and loaded purchase…[Read more]

Which ever one is not tax deductable, if the are both tax deductable then the one with the highest interest rate.

 PeopleStop looking for positive cash flow properties for you to BUY. As I said in my last post you have to create a positive cash flow these days,…… as said some of the previous posts the do exist, but you will be hard pressed to find an off the shelf positve cash flow solution.If you want a positive cashflow near a capitol city you'll have…[Read more]

Peterk83 wrote:
I refuse to pay off someone else's mortgage. your 24 mate stop making excuses and leave the nest,there is nothing wrong with renting, I left home when I was 19 and moved from brisbane to sydney, I rented a house with two other blokes in sydney,…. mean while I bought two investment properties in brisbane that have out performed…[Read more]

IN regards to rich dad series of books, I think they are great books for motivation, but there is not really any nuts and bolts "how to" infomation, they are really aimed at putting you in an investment mind set I own all the books mentioned above and they were all great reads, I am just saying you also have to invest time and maybe some money…[Read more]

I don't have a problem minimising tax, But be sure you don't do anything to drastic to try and save tax,….Remember if your making money you will pay tax,  if you lose money you don't, I would rather earn a dollar and pay 30 cents tax than lose a dollar and save 30cents tax, I don't know any successful business that doesn't pay tax, Don't be a…[Read more]

This Project could have some major cost blow outs,

Hi, For your plan to work you need to find a steady source of positive cashflow investments to by and hold, that can be hard in todays market, especially if your takings out 100% finance on them.Where will you be getting the deposit money from.

Jon,These types of properties have not existed in capitol cities for a long time, when Steve wrote his first book 0-130 properties he was buying positively geared properties around regional Victoria, How ever property prices have grown in these areas now as well, making properties that once could be bought positive cash flow from day one to…[Read more]

I have a mate who owns a couple of retirement units, he is pretty happy with them as an investment.His units are in a rental pool, meaning that the rents from all the properites in the complex are divided equally to the land lords, so even if his unit is vacant as long as the complex as a whole has a low vacancy rate it will still provide a good…[Read more]