Originally posted by Marisa:
The problem is trying to repeat this……[strum]

Sounds like a decent deal Marisa…but only 15-18% after the reno?

Frankly we look for where we can add at least 25-30% to the value of a property inc reno after costs or it’s not worth our time.

What we do is look for rundown places we can buy well below the bottom…[Read more]

hmm – so who’s paying for the sperm?

Clearly Australian men are no longer virile enough.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

If you buy a few of these CF+ places in small towns with good cashflows, also buy a few places in high capital appreciation areas (probably CF-).

Use the cashflow from the cheapies to offset the more expensive ones…..

You make your profits on the capital appreciation. Then at the the appropriate time, sell the expensive places & pay out the…[Read more]

Hey all – this is tomorrow if anyone is still thinking about it – or missed the notice until now.

Cheers,

Aceyducey

In theory, there is no difference between theory and practice. But, in practice, there is.

– Jan L.A. van de Snepscheut

Celivia,

It appears you are reading my post in a very different way to which it was intended.

From my converations with Kay/Cat I understood that she’d bought her first investment properties in 2003, if that’s incorrect I’m happy to withdraw that part of my post & apologise for the comments.

Cheers,

Aceyducey

Did the guy return to the pavement after being shot at twice?

If not, perhaps Czechoslovakia needs a steeper penalty….like taking the person’s family hostage until they swear off J-walking.

Cheers,

Aceyducey

Yup, this transaction is very, very, nonlegitimate

Cheers,

Aceyducey

Without commenting specifically on Wilandel’s comments….

Is becoming a ‘reference’ for anyone’s books and programs such a big deal that it’s worth censoring yourself & potentially compromising your own feelings & beliefs?

Cheers,

Aceyducey

Silver,

Your information is inadequate for an informed opinion to be expressed.

However it sounds VERY dodgy so far.

Cheers,

Aceyducey

Originally posted by kay henry:
If I reduce the income to 80k and the taxable income to say 35k, that’s about 8k tax paid, which is only 10%- still negligible, in my terms.

So where does the $45K in income that isn’t being claimed as taxable income go….to save how much tax?

I’m not sure whether to laugh or call the ATO fraud division…[Read more]

Visit all the open houses in the town & turn on all the taps.

Wait a week.

Return to the town – any areas underwater will be flood-prone.

If this proves too hard to carry out, strategically located rain dances can achieve a similar result.

Cheers,

Aceyducey

PS: Be careful when referring to council records…some ‘100 year’ flood-prone areas…[Read more]

The easiest way to turn a negatively geared property into a positively geared one is to pay down debt.

Phil, in your case you could sell one property & pay down the other….or use funds you have elsewhere to pay down debt in both.

When considering selling both properties look at the costs for you in doing so…..REA fees, legals, CGT,…[Read more]

Originally posted by kay-wit:
Are you in the top 2% of intelligent people?

Yes

That’s an easy question. Give me a hard one….

Cheers,

Aceyducey

African Queen
LOTR
Rock Horror
Princess Bride
Logan’s Run
Rollerball (the original)
Whatever movie I go see next

Books:
Everything by Lois Bujold
Everything by Orson Scott Card
Everything by Terry Pratchett
Everything by Piers Anthony
Everything by David Brin
um – lots more but not on the tip of my tongue…my issue is keeping up with all the…[Read more]

The problem with reducing your income from a high figure to a low figure is that the money has to go somewhere….

So by reducing, say, from $80K to $20K – you’re not getting 83c back on every dollar over the $20K – you’re spending 100c in the dollar!!!

Also, if you reduce your income that far you’ll only be legitimitely able to borrow via…[Read more]

You can always try…

Why should the vendor accept the offer though?

You have to think about how you can make your offer attractive to them….how soon do they need the money???

Do some research

Cheers,

Aceyducey

I agree with much of the ethical platform espoused by Neil Jenman, but I’m not comfortable with his media-headline grabbing approach.

I’m also not comfortable in his interests in the Real Estate industry….The Jenman system gains when he successfully maligns his competition & there’s too much gratification in it for him for me to be comfortable…[Read more]

Apprentice,

Freestylers closed down awhile ago.

You can find out background about this over at Somersoft.

Cheers,

Aceyducey

Resources & businesses…preferably a combo of the two where possible….

Though I’m also looking at quite a creaitve property deal atm.

Cheers,

Aceyducey

SupaFreak,

And how did you get rid of the harem of women? [biggrin]

I was chased by my partner….she ended up chasing me to London & I worked up the courage to propose……8 years on we’re still to get round to the wedding

Cheers,

Aceyducey