Karl and Rita, remember that if you are not embarrassed by your offer you are offering too much hehe

May God prosper you always.[biggrin]
Marc

Karl and Rita, please disregard the locals bickering, it is part of the amusement, we all do it to entretain ourselvs.

As to your question. For 170 a week I wouldn’t pay more than $80k but that is just an intial mental approach, there is certainly much more than that to consider. If the property is in NSW, (and please do not reveal the location)…[Read more]

Is it me Monopoly, or you really seem to enjoy neat picking on words and picking fights?
It certainly makes for more colourful posts and longer threads, yet still… I see no reason for picking on good old Russ or all the others you pick on Jo Victoria. … was wondering if you would get that many responses with a less revealing avatar?…[Read more]

Well…if you want to discuss the difference between religion and faith we can have a go, but I do not think the rest of the forum will be interested, as demonstrated already in another discussion where my signature was the focus of attention.

Remember that when you say good by, you are saying “God be with you”. When you say Shalom, you are…[Read more]

Advantages are very relative.
In general banks will see a loan as commercial if the block has more than 3 units, so will lend you less on it or not at all.

The cost of strata title a small 4 units block comes to around $10,000 in Queensland, not considering any building costs, like fire rating between the units. The comment that metering needs to…[Read more]

You may get a reply if you explain what or where is Ayr?

May God prosper you always.[biggrin]
Marc

You cannot talk about tax and skip the politics that made the Tax system. Our politicians wave with the left but drive with the right, and so we have the inconsistency we all know about.[withstupid]

As for religion, I don’t see any “religion” in my post. Comments made are of a general nature and should not be construed as advice to any particular…[Read more]

Of course, if you had a job that can be done as a contractor, (say IT for example) you can form a company and be paid as a company and taxed at 30%. (Of course losing your holidays, sick pay and other fringe benefit, your invoicing must reflect such loss in the form of higher hourly rate).
What is your second job? Can you invoice your boss instead…[Read more]

Interesting thoughts, memories and opinions.

I went to see an ex hotel turned into boarding house for sale, not long ago. The gross yearly rent from all rooms (forgot how many… ~15?) was over 56,000 and was rented to students in the local police academy. What looked as a fantastic return on the $400 asking price, ended up being a business…[Read more]

Hum Mini, sorry to saythis but the moral of the traders story is …?
Success = stress and arrogance,
Pizza dude = happiness and relaxation?
[confused2]

May God prosper you always.[biggrin]
Marc

Agree with melbar.
Also, the cost of transfering the property from the trust to you will incur in CGT, stamp duty, solicitor fees etc. If the house has gone up in value 3fold, CGT alone will be a sizable ammount.

I would work out exactly how much is the cost of the whole deal, and how much will you save in maintaining the company and…[Read more]

What’s the matter boys and girls? Someone is needing some attention?[baaa]

How good or bad investment areas are is a matter of opinion not scientific fact. [blink]

I don’t own properties in Broken Hill but a friend of mine who has being buying CF+ properties before Steve even graduated from university does own two and is happy about them so…[Read more]

Ripping off the tenant . . . hum err come again?
The exchange of goods or services for money is the basis of the economy. Prices are the reflection of the market, unless you hold the RE monopoly on the whole town, you could hardly “rip off” a tenant. And considering the socialist legal system we have that protects tenants that steel fixtures and…[Read more]

Mm, yes some more good points, it probably bothers me more then them.
Now lets for a moment put all the very valid personal considerations aside.

Do you have any practical suggetions as to how to go about it? I thought about a house with a granny flat, or buying a house 1/2 each. They could probably pay 300 per week I must probably throw 200 in…[Read more]

Wow guys! so many responses, and personal stories. I truly appreciate all the valuable input and viewpoints.
Family matters are a sensitive issue because they immediately bring to mind our own experiences and the advice we offer is always heavily influenced buy our own story.

You all make good points.
Give a man a fish etc: True, but … when I…[Read more]

Hei, no need to be so carefull, I asked didn’t I?

Calvin:
Nothying wrong with her, she just started a family stright after marriage and one income is not so flash. The other two girls, one is DINK and the other is still at home.

You are spot on about them not beeing business orientated. I Offered to puchase an IP 1/4 each just to get them going…[Read more]

Perhaps the lender has a point, not to be overlooked.

Risk minimisation tells you to buy a bit everywhere. Suppose you have 10 properties in a small town and the local mill closes down…

May God prosper you always.[biggrin]
Marc

Ha ha, you are spot on Calvin. Not only if you buy and hold you can easily say who cares, this tax has smoked out all the sellers who have jumped on the market all at once, choking it with listings that where waiting for another extra $10,000.

Never been so good to buy in Sydney, not since 1992, and it is going to get even better if we get a rate…[Read more]

Rent increase must be seen as a business decision.
When I bought my first Sydney IP, it was rented and the tenant had lived there for the past 5 years, last 2 years paying $200. When I asked the PM why had the rent not been updated, she said the usual, that it’s a good tenant, you may loose two weeks rent or more if they leave, etc.

It reminded…[Read more]

I’m single, non smoker, no major operations, I work in intellectual/psych disability, etc. Think of ‘George Costanza’ from ‘Seinfield’ minus the weight and baldness and that’s where I’m at.

Even as a Seinfield fan, I don’t really understand where you are at.

Income protection is not life/permanent disability insurance, and looks at your e…[Read more]