We give movie money as gifts to tenants – at a random date we pick. Simple & universal.

I would NEVER EVER give an Easter or Xmas present to a tenant.

Not everyone is a Christian. Assuming this only shows your own biases & can negate the value of the gift in certain cases.

Cheers,

Aceyducey

Inc ases where depreciation is used to make a negatively geared property increase your take home cash the correct term is Positve Cashflow NOT Positive Gearing.

Keep in mind that negative gearing is a viable stragety so long as you have the income to negatively gear.

Each negatively geared property reduces your ability to securitise the…[Read more]

That’s related to the April Fools hoax perpetrated by the Telegraph today – correct Pisces?

Cheers,

Aceyducey

hehe – no matter how accurate the prediction is, the article sure achieved it’s purpose…..to create controversy & drama & increase awareness.

I’m sure it moved some extra copies of the mag too.

How much time did the reporters spend on the ground in any of the countries they discussed?

Are the reporters proerty investors?

Are the figures…[Read more]

Money doesn’t buy happiness – but it’s sure nicer to be rich & miserable than poor and miserable!

I retired a few years ago now & haven’t looked back.

Though there was some kicking & screaming at the start – beware…work is addictive, going cold turkey can be tough

Remember, if you work until you’re 65 & retire with nothing at least you have…[Read more]

Ret,

I use Rolf Latham.

He is a property investor himself & his client list reads like the who’s who of successful investors (not that I’ve seen his client list, but I know a number of his other clients personally).

He doesn’t self-promote – he doesn’t need to

You can find him at http://www.asapfinancial.com.au

Cheers,

Aceyducey

The article was an April Fools joke…

The name of the scientist in the article was April Fool rearranged.

Cheers,

Aceyducey

Originally posted by investorgirl:
I’ve seen some previous posts regarding all the investment books that are available, but there’s a relatively new one out that no-one’s mentioned yet. I think its’ really good – especially for novices or inexperienced investors. It’s called The Real Estate Rookie by Teresa Wainwright. Has anyone else read it?

A…[Read more]

Blind leading the blind!

lifexperience,

DO NOT use a company to hold investment property. Sure you pay 30% tax, but it starts from the first dollar. Companies are easier to sue and offer less legal advantages than Trusts when it comes to property.

Trusts (whether family, unit or a hybrid) pay NO Tax unless you distribute from the Trust. You can…[Read more]

Originally posted by _se7en_:
Then he closes the auction as no one has registered.

That’s happening more often with the new auction laws & shift in market sentiment to a buyers’ market

It should mean that we see a drop in the number of auctions as REAs and vendors realise that auctions are only useful in situations where there is high demand…[Read more]

You can play Monopoly online now, and there are several Australian versions of Monopoly already out including AFL & Melbourne versions

It is possible to go on UK pub crawls around the Monopoly board & I’ve heard of one seriously rich Monopoly fanatic who bought property in most of the streets represented on the original Monopoly board.

I like…[Read more]

scullyman,

Look at PIA as well.

Both POSH & PIA are for assessing & managing property investments – for ACCOUNTING you will need to look into software like MYOB, Quicken or MS Money.

Cheers,

Aceyducey

Falcon,

The answer is in the meaning of De Facto – which means ‘in fact’.

Marriage as a registered civil union is a relatively new phenomenon. Go back before governments were so hot on keeping records about everything & you’ll find that any couple who chose to live together was basically considered to be married.

World has moved full circle and…[Read more]

Geo,

See my viewpoint here: http://www.somersoft.com/forums/showthread.php?t=14812&highlight=Jenman

Frankly, with the litigiousness of Neil Jenman, it’s hard to have any kind of open & frank discussion about his ethics.

Cheers,

Aceyducey

wrappack,

We’ve looked into this recently (not for property, for other investment types), both via forming a Unit Trust and issuing units & via an unlisted corporation.

In both cases there are a number of ASIC hoops & rules that must be negotiated.

Please do NOT attempt to do this without consulting with ASIC, with a lawyer & with an…[Read more]

CastleDreamer,

It can be even more effective with a corporate Trustee. I suggest you investigate this – you might find it works for you better.

Cheers.

Aceyducey

Ethics

Frankly it’s more important that the investing/financial knowledge at the end of the day.

I see how poor the ethics of business & political leaders in Australia have become & are constantly appalled at the poor example set by the education system as a whole (not individual teachers, who are trapped within the system).

Without ethics…[Read more]

I second CastleDreamer.

IMHO this is by far the most active property forum in Australia in terms of the number posts, but the quality & value of the posts overall is the second worst.

However it’s still a young forum & I expect with some age will mature somewhat.

Cheers,

Aceyducey

Family, health, fun experiences, personal growth, mentoring others….pretty much in that order.

Cheers,

Aceyducey

Wayne,

I love doomsayers.

Personally I think you’re overlooking a number of events in your claims of thirty years of economic growth….1987 correction, DotCom crash, Asian crisis, 9/11 crash, South American crisis, etc.

Of course if you look at it across thirty years they all look like minor bumps in a constant upwards march….But so does the…[Read more]