I believe there are penalties if you have to end up paying the ATO the tax back when you do your income tax return at the end of the year.

So you need to be conservative when estimating your likley deductions and decide on how much extra you want in your monthly pay.

I have a few negative geared and neutreul greared properties. Once all expenses are deducted I get a good tax refund as I am on the highest tax bracket.

I understand you can fill out a form 221D (or something like that – only going on memory) and you can have your tax deducted at a lower rate every pay packet. It does help cash flow but there…[Read more]

I dont do it. I use it as compulsory savings. I am using my tax refund this year to take the family to Canada.

I would do neither.

For about $250k to $260k you can buy a 2 bed unit in Mentone, that is walking distance to beach, shops and station that will rent for about $200 a week.

One in my block sold for $250k a few months ago and I get $205 a week for a unit in the same block.

In the 7 years I have had the unit, I have never had any rental problems…[Read more]

I jsut missed out on a commercial deal. It would have been my first experience.

It was a take away and factory on one title. It returned 8%. Yes a good deal compared to a negative geared property I have.

I got it valued by bank. Came back $25k lower than asking price $270k.

Factory lease to expire June 2004. Takeway lease expires June 2005,…[Read more]

I spent 12 months in the US in 1999. Thats when I first started to look at investment properties and looked at their market.

– The cash flow is better in the US mainly because they do not have negative gearing. Investors here in Aust are prepared to pay more for quality property because they can factor in the tax benefits.
– The US has more…[Read more]

Its what all the property experts and journalists have been saying for some time now. Are you really surprised?

I think I would probably sell the apartment and keep the property in the burbs. The apartment could keep going down in value.

Well Done. Are you looking at postive cashflow for all purchases? How many more do you think you will have in 6 months? Are any wraps? How much time do you have to invest? Have you been travelling alot?

Hux

What have you done since Nov? Have you acted yet?

Interesting problem?

Have you given ASIC a call to validate what the vendor says? You could explain in broad terms what is going on and they may be able to give you some feedback. Maybe ASIC is investigating the Company! Maybe they need to lodge many years of returns to be re-registered again!

What does your solicitor reckon?

Good luck

Are they the ones who advertise on radio in Melbourne as being the 10 year guarantee people?

If they are, I would be very careful. I dont like rental guarnatees as these are built into the price you pay. I must hear that add very morning and evening on the way to and from work. Advertising costs must come from somewhere – ususally the price of…[Read more]

FW

I totally agree. When purchasing a property, you also need to consider the type of tenants your property attracts.

That may also be why you may get a better return from some properties over others. I for one would rather get a lower rental return knowing that the property will attract better type renters.

Just another consideration in…[Read more]

Where is Wanka

What do you want from your investment? Thats what I would focus on. You need to look at more than the numbers.

Here are the numbers as I see them.
Rent $5720
Interest $55k at 7.07% $3888
Rates (guess) $400
Water (guess) $200
Agents Comm at 7% $400
Net…[Read more]

If I was the owner of the property, I would find this is totally unacceptable behaviour on the part of the property managers.

I would demand the keys back or at least use of the spares till you open the door. You have been kind enough to let the sales reps through for inspections.

Go talk to the Sales Rep selling the property and demand he fix…[Read more]

You cannot compare property investing with its property cycle and all the effects of interest rates, population growth, eceonomic effects, tax policy etc to baker making chocolate cakes.

Sure there are successful bakers and the average baker. Just as there are the successful and average property investors.

But give me a property investor who is…[Read more]

I have no interest in sourcing cf+ properties from other people. If the deals are that good, then surely (I know I would) do my damnest to close the deal myself.

There is more to property investing than just the numbers.

In my view time in Property Investment TIME in the market is very important. Sure you could purchase heaps in a rising market. But I value the inputfrom someone who has been in the market a long time and been through several cycles and been successful in keeping all or most of his properties.

Each to their own.

Marky Mark Said

“and one things for sure he has allot of experience”

I dont think 3 and a half years experience is alot of experience. Usually a full market cycle is around than 5-7 years.

There are other ways to spend $1000.

But good Luck. Make sure you implement what you learn. Nothing beats experience.

I dont put any WOW features in my properties. I just get median rent and provide median properties.

These WOW features only depreciate and need to be replaced in the future and the value in properties is the land.