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Viewing 20 posts - 101 through 120 (of 170 total)
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  • Profile photo of bennidobennido
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    @bennido
    Join Date: 2004
    Post Count: 195
    August 9, 2004 - 7:44 am
    Originally posted by Ricksters12:

    … Buy more properties and get more rental income. This way you can also diversify your investment property to different locations. If all properties goes up in prices then you’ll be laughing all the way to the bank. Good Luck Sam!!!

    On the point of diversification, Robert Kiyosaki says that diversification does not make people rich. The idea is to focus and take calculated risks. Any comments ?

    Profile photo of bennidobennido
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    @bennido
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    August 9, 2004 - 2:51 am

    I assume that the “they” are Greenpeace or some similiar environmental group.

    And they put a sign saying “Save the Trees” on top.

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 11:56 pm

    Go to http://www.ingdirect.com.au.

    They have a savings calculator tool for you that can work out the answer to your question.

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 8:04 am

    Can’t really argue with that statement … ;-)

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 7:06 am

    Thanks for the reply, derek. I thought as much but in a literary sense, the ATO publication wasn’t 100% clear.

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 6:53 am

    On another note, if you maintain your PPOR in Perth, you could be eligible for LAFH. Do check with your accountant and you might have a pleasant surprise … :)

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 6:51 am

    So in short property investors are only allowed to claim 20% of seminar costs in most cases ?

    Profile photo of bennidobennido
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    @bennido
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    August 8, 2004 - 6:43 am

    One further question on this topic.

    I travelled to 3 different towns and eventually bought an IP in one of them.

    Can I include the travel expense for the other 2 towns in the capital gains deduction for the IP that I bought in the 3rd town ?

    Profile photo of bennidobennido
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    @bennido
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    August 5, 2004 - 11:08 pm

    If you want a step by step guide, I prefer the Anita Bell investment book. She explains everything very clearly in layman terms so the book is very readable.

    Steve’s book is also very good and its a must read if you want to go CF +ve.

    Robert’s books are less informative and more inspirational, if you ask me. Its more investing philosophies rather than practical advice. Don’t take me wrong, I love his books but just feel its not useful practically.

    Profile photo of bennidobennido
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    @bennido
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    August 5, 2004 - 2:26 am

    Why don’t you let your kid choose an avatar for you ?

    Profile photo of bennidobennido
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    @bennido
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    August 4, 2004 - 11:19 pm

    Off topic …

    I went to the Chelsea town once and found the people there a bit rough in general. Of course, there are the exceptional rich people who live by the beach but I am talking generally here.

    For Melbournites, don’t you think the suburbs with the more pleasant names are generally the rougher ones ? … Sunshine, Broadmeadows, Deer Park, Springvale, Wyndham Vale, Dandenong, etc …

    When I hear those name, leafy greeny bright places comes ti mind

    Profile photo of bennidobennido
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    @bennido
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    August 4, 2004 - 11:12 pm
    Originally posted by Monopoly:
    …

    I guess the bottom line is, if you don’t want the property, don’t make an offer. Which means you don’t need to worry about including ANY “subject to” clauses because there won’t be a contract in place in which you need to try and worm your way out of!!!! TOO EASY…

    Sorry MP, but I have to disagree on this point. Normally I wouldn’t pay to have a proper BPI done or make a formal application for a loan until AFTER the offer has been accepted. So at a minimum, it has to be subject to BPI and Finance.

    [cap]

    Profile photo of bennidobennido
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    @bennido
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    August 4, 2004 - 11:08 pm

    If there are a number of properties I am interested in, I would prioritise them and make a verbal offer to the highest one. But I will be honest and tell the agent that I am looking at other props so the offer will only be valid for 48 hrs. If that expires I go on to next.

    Profile photo of bennidobennido
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    @bennido
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    August 4, 2004 - 7:54 am

    Well, we’re both from Melb so you never know … :)

    Profile photo of bennidobennido
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    @bennido
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    August 4, 2004 - 12:09 am

    Are there any Real Estate Agents here that would like to share their views / experiences on “subject to” conditions and how it affects the sale process ?

    Profile photo of bennidobennido
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    August 4, 2004 - 12:05 am

    Choco Monopoly is absolutely awesome ! I have never heard of it before. Its gotta make a great birthday / xmas gift. Where can I get it ?

    Profile photo of bennidobennido
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    @bennido
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    August 3, 2004 - 8:11 am

    I am no accountant, but I think you would have to apportion the usage of the tools between income generating activities and private use.

    Profile photo of bennidobennido
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    @bennido
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    August 3, 2004 - 7:10 am

    Actually, it was when I was reading your reply to my other post that started me thinking about Monopoly the game.

    And that led to me remembering about the news story and hence this post … ;-)

    Profile photo of bennidobennido
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    @bennido
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    August 3, 2004 - 6:51 am

    Monopoly,

    So do you only use the “subject to solicitor approval” too ?

    Profile photo of bennidobennido
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    @bennido
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    August 3, 2004 - 6:49 am

    Personally I feel that if she chooses out of her own free will to sell it for $78K, then it sounds perfectly fine to me provided …

    – she is clearly aware of the REAL value of the property (i.e. mid $100K)

    – no pressure from kim or anyone connected to the buyer

Viewing 20 posts - 101 through 120 (of 170 total)
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