hi kurnster,where abouts in melbourne is it?what suburb and address?and have you found someone yet?bicky.

hi kurnster,where abouts in melbourne is it?what suburb and address?and have you found someone yet?bicky

the 12 month period starts from the date of contract,  and i think it finishes on the date of contract for disposal, not settlement date.if you buy , with a buy contract on 1-oct-07 and your buy settlement is on 1-dec-07, and you sell with a sell contract dated 1-sep-08 and your sell settlement is dated on 1-dec-08,then i don't think you would q…[Read more]

thanks richard,i was not aware that these were standard morgage terms.i guess this was what lia was explaining.how then, do i obtain some form of asset protection, reguarding other properties?maybe, have some properties in my name only and some in my wifes name only. would this help?if the property was bought in my wifes name and the morgage was…[Read more]

hi marc,thanks for your explanation. i still understand it a little different.lets base this senario on a wage of, lets say $60,000 with a flat tax rate of 30%. [ even though it is not right because of the sliding tax scale, but just to simplify it a bit ].tax to be paid would be $18,000.$170 p/w rent =$8,840this would give a new taxable income of…[Read more]

hi Lia,thanks for your response.if you only borrow 80% of the value of the property,  you should be able to get a morgage without a clause in it that allows the lender to claim against non-morgaged assets if you default on your loan. [ or even other morgaged properties].also without having LMI to pay.this would also help the property be closer t…[Read more]

Richard and Terryw, thank you for your response.if ,i felt the property market was at the start of a boom, i would consider borrowing 100% + costs, and allow them to be neg geared.but, i still want to be in the market with the properties closely covering costs, [ with the right sized deposit ].i thought maybe with one loan i might save on monthly…[Read more]

fatboy1730 wrote:
There is a lot that can be said about making rather than buying a cashflow positive deal. All of that has been well covered in many posts. The burning question that doesn't get answered is "are there cashflow positive deals available of the sort outlined in Steve's books?".  We have found a place in reasonable proximity to…[Read more]

hi  LA Aussie,to your reply back on april 19 -2007if you borrow $139k (for a $150k property)  @ 7.5% interest.how do you get  $10 per week positive cash flow, after tax, with rent at $170 per week.?considering a building depreciation claim (off set) of $3750.have you included holding costs and have i understood the depreciation claim right or no…[Read more]

hi,   my accountant charges me about $4oo for my wifes return, my return (i work for wages), some shares and two i.p.,my wife has everything set out clearly and neatly for him.

hi;  could someone please tell me what FHOG stands for.    thanks,             jack.