A well balanced view and portfolio Minimogul. I may have to stop chasing the fast track properties if I am going to grow my portfolio further. I certainly will have to look outside Vic as Land Tax is starting to became an issue.

Beancounter quick sums suggests the property you are looking at is returning approx 7.2 % gross, which is above the current lending rate. In the next few years when rates eventually go up, it is possible it may go from positive geared to neutral and possibly negative geared (All hypothetically speaking, not your individaul property).

What…[Read more]

Thanks for the advise everyone. Caddy 222, I like your idea of a risk management ledger. Although I do not have a formal blue print, I do have planned exits/solutions.

Fortunately touch wood, I have had no vacancies in the past 12 months. My properties are slightly different to the norm in that I have purchased them to subdivide and in part…[Read more]

All good debt, no car loans and I pay my credit cards monthly. I guess my wotif worries stem from the fact that my debt service levels have now exceeded my employment income (rental income not counted), which in the past I have used as a fall back if things go pear shape. I have reserve funds if I need them I guess I just don’t like owing so…[Read more]

Mensch,

Your example of GST payable, is it correct that you pay the full amount of GST on the sale ie one eleventh of the whole cost. I understood that the GST would only be on the difference between the original purchase price and the sale price. Not to mention exemptions like going concern and the margin scheme etc.

Thanks for your reply Mensch.

I own a couple of flats and an office and I am just about to purchase another investment property, when I read the article on trusts and reference to Steves book.

Do the books have to be specific to educating you on investing or can they be anecdotal stories from property investors ie this is the way we made our…[Read more]