Your thinking too subjectively. Gee I love my house and dont want to sell it.

My advice if you can afford to maintain two properties is to do the following;

1. Sell your existing PPOR.
2. Buy your new home.
3. Buy an investment house thats similar to the one you used to have and rent it out with a property manager and do an interest only…[Read more]

Interesting – the email I received yesterday told me the following –

P.S. At the time of writing we’ve fallen to just 110 places remaining. Seats are filling fast so book in quickly to avoid disappointment.

No-one has really responded to my post. Maybe $1,000 is a little too expensive for a one day seminar.

Its the old yield (postive geared) v capital growth (negative geared) debate.

Personally I prefer over the long term higher Capital Growth.

How many at the Nov 2003 Seminar?

Is it really worth spending another $1,000? Have you started property investing yet?

Have you not yet got experts you can speak to like accountants, lawyers, real estate agents, property managers?

Why do you need to listen to a motivational speaker again?

Julia

You Said –
“salary sacrificing the cash flow rental expenses as an exempt fringe benefit.”

As interest is my largest expense, can you salary sacrifice this? Is this termed a cash flow rental expense?

Purplekiss

You dont need to register for GST unless your turnover is greater than $50k. Thats why we have not registered.

Julia

I will look into it further.

I am not how I can setup a family trust with 4 properties that are mainly negatively geared all in my name and just the one main income.

What are the bank implications?

Maybe I need to go see my accountant.

Julia

You said –

“This strategy will not work for the properties that you already own in your name only, but can I suggest that you buy your next property in joint names with your wife. If the property is negatively geared you can salary sacrfice to negatively gear it even further in your name and possitively gear it in on your wife’s…[Read more]

Never heard of em. As with all these types – tread wearily. Are they professionals eg. licenced financial planners or accountants.

Sounds too much like guess work to me and hoping councils will develop sewerage pipes etc. Are you sure its only 2 yrs? These things can drag on alot adding to your holding costs.

Yeah, I heard near MovieWorld. []

I dont think Henry Kaye will have a huge effect on the property market. We should have already felt the effects if he was to effect the property market. I dont know anyone who used Henry Kaye.

He was into innner city apartments and those who bought off him will do their money, but hopefully this will only have a small effect on the rest of the…[Read more]

BlueCat

I am not sure if you have heard. But they have split up now.

Yeah its like the rumor that Tom Crusie and Nicole Kidman were going to buy a house in Frankston on Olivers Hill overlooking the Bay.

All they did was stay in a friends house for a weekend. But the prices on Olivers Hill and the surrounding area have gone ballistic.

Rod C said

With $10K you should be able to borrow about $23K on a 70% margin loan, that gives you $33K of stock.

Please explain. I dont understand.

Dougall

Just read the intial message on this post by redwing. It has a list of 24 points about property investing. Henry Kaye was charging $15k to tell people these points.

Sounds ok. Pay the money for termite extermination. I dont think you could really re-negotiate for a fairly minor matter that shows no sign of damage and can be easily corrected.

If the bank valuation is lower than what you paid, how can you get out of the contract? All the bank will lend you is 80% of the valuation. It just means you need to…[Read more]

And another thing. In my view its never a time for shares.

Why?

You have $10k cash. You buy shares and borrow $5k. Thats about all you can get.

You buy a property for say $150k.

Shares more volatile but go up by 15% and property more stable and goes up 8% historically.

In a years time you have made $2250 (15% of $15,000)from the shares and…[Read more]

Is it Over? Well I dont know. Buy i know its going to be tougher. We have historically low interest rates still, so the world wont cave in.

I feel rents will start to rise as interest rates rise and prices may fall and start to stablise.

But I am consolidating waiting for opportunities in 2-3 years. And learning a bit about commercial…[Read more]