[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 18, 2004 - 11:34 am

Originally posted by muppet:

Hi Guys

Westan said

will be back on lime in a couple of weeks.

Please tell me, what have you been on up till now Westan?

Regards

Obviosly the Tequilla!! pass the salt![biggrin]

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 18, 2004 - 11:16 am

Wow! Thanks Redwing good informative post.. sorta indicates that there are a lot of viewpoints out there in the government circles!!

Bracket creep has meant that more folks are on the top tax rate than ever before – making it more attractive to -ve gear..

I -ve geared my first 3 properties (well.. after tax they gave me money.. but I needed the tax breaks to get there… so I still call em -ve geared) and thier CG since 2000 has been great… but you can only afford to hold so many -ve geared properties, hence I am on the hunt for +ve geared properties… to pay the -ve geared ones. Of course now I have the equity increase from those 3 properties to gear into +ve cashflow properties!!!

So.. I see the advantages of both meathods!

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 18, 2004 - 10:59 am

You could try asking westan or minimogul they should be able to tell you

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 18, 2004 - 10:56 am

DHA houses have good long term security of tenancy, however thay are (in my opinion) overpriced for what they are… you need to do the figures on the deals… but most DHA are strongly negatively geared… so it depends what you want, cash flow or secure leases.

If you are a first time investor who pays lots of tax and wants a secure rental stream, then they may suit you, otherwise look at other houses in the area and compare the prices for what you are getting.

My brother in law rented his place to DHA, so if you have a relatively new house that meets thier criteria then you might be able to rent it to them… in other words try to find a bettter deal (buying wise) and approach them to see if they would rent the property from you… get the best of both worlds[biggrin]

They do a minor refurb on vacating/ending the lease, but thier PM fees could be a bit steep.. check them out and the conditions they offer, they have a website

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 18, 2004 - 10:40 am

I know that Prime Property have info nights/seminars, as does Wize Investments.

I think a Canberra get together by forunites would be a good idea as well…

Ant ideas on venue and date?[suave2]

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 12, 2004 - 2:08 am

1st IP bought 2000 in Aspley Brisbane for $157k rent $210p/w now worth #275k and rent $230 p/week.

2nd IP 2000 in Wynnum West $154k rent $195p/week now valued at $240k and rent $210 p/week

3rd IP 2003 $160k Mt Gravatt East rent $210 p/week, now cvalued at $240k and rent $230p/week

NOW i gotta find some cashflow +ve properties![biggrin]

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

April 12, 2004 - 1:51 am

Happy Easter everyone,

Drive safe and enjoy the time off… remember that is what we are all working towards.. more time off to hunt for good deals!!![cap]

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 28, 2004 - 9:53 am

The Investors Club (TIC) are mainly -ve geared investments, there has been some bad press about some of thier practices. I bought 2 properties in 2000 through them before the issues came to a head.

A number of groups splintered from TIC soon after these practices were introduced, mainly on ethical differences.

That said, my 2 properties have increased from $150k’s to $250k’s since I bought… .. . lucky? Probably, but the numbers worked when I bought them… the market has moved since then!!!

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 16, 2004 - 4:29 am

If I come across a good +ve deal, I will buy. Also looking at other business ventres!

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 16, 2004 - 3:03 am

Melbear is correct, info mine the Wise Investment and Investors club seminars, especially the Wise ones they are GREAT[^]. I can vouch for Jeanette & Phil Kelly, I bough my 3 IP’s through them, 2 when they were with TIC and one after they split from TIC. Bought em for $150k to $160k and they are now worth $230k to $250k[] (one only after 1 year!). Wise also offers a property buyer’s service where you specify the type of property you are after and they find it for you! Both TIC and Wise are offering -ve geared properties at the moment, rents have not kept up with prices.

Wise appears to be concentrating on quality inner Brisbane townhouses, they stay away from appartment towers in general… too many of them.

Steve K

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 15, 2004 - 1:17 pm

Morgagehunter has it right, I had these folks (S&P)come to my place and tell me basically to do what I was already doing, and they would come visit me every so often to make sure I was “keeping up the program” etc. I told them that I was already doing what they suggested, and could not see why they should charge the fee they were asking… especially when a reputable morgage broker sets these sort of arrangements up for you for free!!!![8]

Steve Kerr

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 15, 2004 - 2:40 am

Looks like an opportunity knocking… .. .

[]

Opportunity knocks softly, listen carefully!

[TzakiMember@tzakiJoin Date: 2003Post Count: 36]

February 15, 2004 - 2:21 am

Originally posted by Shushar:

In addition, this is the year of the feral election and rising interest rates make very bad press. Shushar

hehehe Feral election [}] well..comming from Canberra I can assure you that once in the Parliment the pollies DO turn ferral!

Opportunity knocks softly, listen carefully!