I/O

Cheers,

Aceyducey

Originally posted by Brenda Irwin:
I once went to a reno’d property which had previously had a cracked driveway (patio area actually). The owner had gotten a grinder and ground off the uneven sticking up bits, and then used a heap of that cheap no more gaps sealer to seal up the cracks. He had then simply painted the area with an appropriate…[Read more]

Originally posted by kay henry:
Actually, some of the wisest people on here (in MY opinion only) have next to no IP’s. It just depends on what you’re looking for.

kay henry

I can see why you say that Kay [biggrin]

Cheers,

Aceyducey

Originally posted by gmh454:
When Sydney booms Australia Booms, when we drop….

Actually not true.

Look at the historic pattern of price changes in property & you’ll see that it’s more like a pond with ripples spreading outwards from the major metros.

Brisbane generally keeps going up for several years after Sydney & regional areas commonly…[Read more]

Try #IPChat supported by the Somersoft forum – there’s a good 20+ investors hanging out there at most times of the day & late into the night….

You can connect to it using a Java client from the main page of the Somersoft Forum (http://www.somersoft.com/forums)

Or via mIRC or another chat client connecting via one of the Blitzed…[Read more]

Originally posted by kay henry:
But you might respect that some people actually *like* being doctors, lawyers, teachers, nurses, builders, gardeners.

I know many who do – but all of the people I know who work want the choice not to

It’s not whether you exercise it, it’s about making sure you have choice.

4 uni degress – wow That’s a lot of…[Read more]

We tend to paint a 3-4 bedroom house inside & out for about $1,000 inc various required appliances.

Cheers,

Aceyducey

Originally posted by shaunwalker:
i am in canberra, but will be in darwin on the 7th and 8th of june. i have one IP up there and would be glad to give you any advice on the troubles i had! especially PM’s and conveyancers

Shaun,

Come along to the Canberra dinner on the 29th May and tell us about it too!

Cheers,

Aceyducey

Originally posted by kay henry:
I see property as superannuation really. Say you buy 3 $100k properties now, with 30 years left wo work.

Now that’s a very different attitude towards working!

I can’t see why anyone would choose to work for 30 years without being able to retire at any time.

I guess some people have been well conditioned to…[Read more]

Originally posted by MiniMogul:
“Looking online isn’t necessarily the best way to find deals”

I disagree mainly because you can trawl through hundreds of deals on the net with a fast computer and high speed access like I have and check out many areas in the process. In real life you could maybe inspect about 85 in two weeks, a lot slower

You use…[Read more]

Originally posted by melbear:
Acey, would you not be better discussing the business with an existing franchisee?

Doing that too Mel

I like to get a good round cross-section of views before proceeding in new areas of business.

The first hurdle to overcome in any new area is learning what questions I should be asking

Cheers,

Aceyducey

Accept a credit card.

Good agents are flexible

Cheers,

Aceyducey

I liked the comment:

Whether we are heading for a crash at the bottom of the property cliff or a gentle levelling out of the market, the figures show the current boom cannot last beyond the middle of the year.

And who made that rule

It should state that it’s an opinion, not a fact.

Cheers,

Aceyducey

You can do it.

Make sure there is a clear separation – ie best to use a company as the Trustee not you personally.

Also you must pay market rent.

We like the approach because we can claim another property as our PPOR and deduct elements of the rental due to running businesses from home.

The Trust largely furnishes our house, so most of our…[Read more]

Summo,

Governments have legislation on which clauses are illegal & in certain cases what you can put in a lease legally.

I suggest you look through the available brochures on this topic so you’re not writing an illegal lease.

Cheers,

Aceyducey

Originally posted by georgisj:

At http://www.incorporator.com.au you are able to set up a company, which based on what acountants charge for doing this, might save you around $200.

Yup Incorporator is bloody good.

I’ve used it several times myself.

Cheers,

Aceyducey

The best income protection scheme is a portfolio of positively geared property with a few negatively geared ones plus a healthy share portfolio & some direct business investments.

Any other form of insurance comes with so many caveats & is operated by companies who have an interest in not paying you.

Put your money where it will do the most…[Read more]

Davo,

No there isn’t.

You’ll be lucky if your Dad doesn’t get fined for being 4 years behind in paying his taxes!

Cheers,

Aceyducey

As we use a mortgage broker & work with whatever lenders are best at the time, we didn’t have a problem when we crossed that level (quite a while ago now).

More of an issue were the mortgage insurers – as there are only two if you are still requiring LMI it can become a juggling act whe deciding which property to place with which insurer – and…[Read more]

Passive,

Looking online isn’t necessarily the best way to find deals – our last three were not advertised online.

I suggest you get a bit Active and talk to agents directly in your chosen areas.

Cheers,

Aceyducey