If you are concerned that it will cause you problems if the rates go up and you have bought for the long term I would definately lock in rates. The 3 year rates seem pretty good value to me.

Ben.

Nice comeback mini !!!

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I guess their are unscrupulous ways as well, as discussed in this article.

http://www.jenman.com.au/NewsNews1.php?id=117

This is not a recommendation just thought u would be interested to see how some people may be doing it.

Ben.

Chiara,

I would be very wary of such an arrangement, sounds like someone is trying to cash in on the property mania engulfing everyone at the mo.

Be very very careful as there is no shortage of people out to fleece average punters out of their hard earned in property circles these days.

Ben.

“Did anyone see henry Kayes add in the sat SMH? He is going to make some millionares in 6 months or he will donate $1mil to charity! This is in aid of clearing up the recent bad publicity.”

Yeah, I saw that, I think he used the term “control” $1m of property as well.

I bet he would rather lend them the money himself to buy one of his properties…[Read more]

Don’t u just hate email, I’ve had dramas sending important stuff like that too (never as important as a job app though)

U still have time to apply to other schools though.

Good luck with the next one I’m sure you’ll get an even better one !

Stay positive.

Ben.

Not a bad idea maybe something for when the new site is up and running.

Maybe other property professionals could also be listed so forum members could contact them if they needed their services.

Ben

Maybe some of the participants will be able to let us know what the goals are.

Ben.

Rod,

I beleive that Steve would welcome the publicity, the higher his profile the easier it would be to sell books run seminars etc.

It will of course alert more people to positive cashflow property which will make deals harder to come by, but if he can make money in an easier more lucrative fashion, why would he be bothered.

Please don’t see…[Read more]

Always enjoy reading your input Terry, well done.

Ben.

Hi Vic,

Im 33 and bought my first IP when I was 24 and it was the best thing I ever did. I have acquired 3 more and a PPOR since then, all largely funded through the cash flow and cap gain in the original IP.

Ben.

Ripp,

It’s amazing to see people crawling all over properties at home opens, it seems every man and his dog is into Ip’s at the moment and I must admit it kind of worries me as to where we will end up.

Ben.

Ripp,

I think the housing boom as we know it, vast increases in prices across all types of property right around Australia is at or very close to an end.

The days where you can practically buy anywhere and anything and make a large cap gain in short period of time are numbered.

To make property profitable in the near future you will have to be…[Read more]

Hey Caddy,

This a very good question and one that all investors should be considering.

We have not purchased any IP’s over the last year and have channelled our funds into lowering our overall debt to make sure we are comfortable as the interest cycle and market eventually turns.

I hope everyone factors these issues into their thinking because…[Read more]

“

quote:Here is a little trick to get some tax free money (and it is legal). Rather than just owning your property free and clear and letting the taxman get a chunk, why not re-mortgage. Using your example, say you pull out another $80,000 cash. This cash is tax free, because you have not sold. Now the rent you are collecting is taxable, but is…

[Read more]

Dan,

The issue to remember if doing that is the $80k is no longer tax deductible.

Ben.

Michael,

If you give us a few details about what you are considering I’m sure you will get some responses.

Ben.

Land Tax is raised on the unimproved value of land (land content only) owned by a person as at the 30th of June each year. The tax is raised on property you own but do not live in.

PPOR is exempt. The tax rates are different in each state as are the thresholds and the values are determined by the valuer general (each state may call it something…[Read more]

Wilko,

Even if this guy is genuine I can’t beleive that you wouldnt get more value from reference books and the experience from people on this forum. Keep your 10K and put it towards an Ip when you feel youve got the experience.

Ben.

jb007

I agree with you on that score, I notice Henry Kaye has come onto the radar of some of the consumer protection bodies – about time – Ive read some amazing stories about his practices.

Ben