Total Members: 159,074

BlackHole

  • BlackHole replied to the topic FHOG in the forum Hotch Potch 21 years, 1 month ago

    hi steveod, i don’t think you will get penalised if you inform them after. you may have to pay interest though (not entirely sure). the rules for each state slightly differ. in nsw you don’t have to live in it for 12 months before you get it. and if you do get an investment loan and claim the grant – chances are you will have to do a lot of…[Read more]

  • BlackHole replied to the topic Tenant Demands in the forum General Property 21 years, 1 month ago

    Personally, I would lose the tenant(s). Increase the rent or whatever if they are not on a lease. Sounds like a never ending complainer.

  • BlackHole replied to the topic Pre-Settlement Inspection Troubles in the forum No Subject 21 years, 1 month ago

    I’d delay the settlement for a day or so. How long ago was it since you last looked at the property?

  • BlackHole replied to the topic negative gearing – another angle in the forum General Property 21 years, 1 month ago

    Actually I’m not Fester. I’ve been in the top marginal tax bracket for a long time. But that’s another story. Its great you can negatively 5 properties. You are a minority thats for sure. Just wondering have you read Steve’s book? Are you from Sydney?

  • BlackHole replied to the topic 0 – 130 does not make you wealthy in the forum No Subject 21 years, 1 month ago

    Eastern Suburbs Sydney. Great area, no doubt! Costs $10,000 per square metre though. Most of Sydney has to be negatively geared. Even the historical worse Suburb of Sydney (Mt Druitt) has lost its image and prices there now start about $250,000 – $300,00 for a apartment/townhouse. Positive cashflow no longer exists even in that suburb where…[Read more]

  • BlackHole replied to the topic Where to buy in Gold Coast/Brisbane in the forum General Property 21 years, 1 month ago

    Chermside West in Brissy. Chermside also, but that suburb has just been through there boom. Not a positive gear property though. But great Capital Growth.

  • BlackHole replied to the topic “Why some get it and others don’t”… in the forum No Subject 21 years, 1 month ago

    Great story telling, even better coz it was real [:D]

  • BlackHole replied to the topic FHOG in the forum Hotch Potch 21 years, 1 month ago

    There is no official time limit. 3 months usually is a rule of thumb. 6 months is better.
    Just need to keep the bills in their names.

  • BlackHole replied to the topic A new investor keen to go.. in the forum Hotch Potch 21 years, 1 month ago

    Yeah, me again [:)]. Check out Rockhampton. How far is that from Brisbane?

  • BlackHole replied to the topic Buying a Business or Property? in the forum Hotch Potch 21 years, 1 month ago

    Wolverine, you are a lucky man! Wish I had that choice. Personally I would open a Subway franchise, get some blue-chip shares and a positive cash flow property. Multiple streams of income!

  • BlackHole replied to the topic C.G.Tax how long must you live in house in the forum No Subject 21 years, 1 month ago

    Hi Tuttsy, as far as I know you will always pay CGT if you used the property as an investment property. Pro-rata based ofcourse.

  • BlackHole replied to the topic negative gearing – another angle in the forum General Property 21 years, 1 month ago

    Hi Erika, No I didn’t say that at all :). I only wanted to state was that negative gearing MORE THAN ONE property is very difficult financially.

  • BlackHole replied to the topic Chermside/Chermside West and Cairns in the forum General Property 21 years, 1 month ago

    I was looking at Townsville about 3-6 months ago. I could see then they were all disappearing as well so someone else must have caught on to the idea. I never did buy cause Im from Sydney and never got the chance to go up there. I never knew about the 11 second rule then. So if that is what you are using i can’t say there is many of them, if…[Read more]

  • BlackHole replied to the topic Chermside/Chermside West and Cairns in the forum General Property 21 years, 1 month ago

    Hi Tuttsy. Yes Townsville you will get positive cashflow. Although that suburb/area has already boomed so you won’t get the capital growth. You can checkout http://www.realestate.com.au.

  • BlackHole replied to the topic negative gearing – another angle in the forum General Property 21 years, 1 month ago

    Negative gearing is good if you are on the highest tax bracket. But Negative gearing more than 1 normally means that your disposable income would be close to $0. Unless you are on a million dollars a year + bonuses (gold collar worker).

  • BlackHole replied to the topic Pros & cons of fixing interest rate in the forum No Subject 21 years, 1 month ago

    I am also with ANZ. On the breakfree package. Not to useful those guys. I’m thinking of going fix early next year. Maybe 1st or 2nd quarter. Do you know there fixed rate at the moment?

  • BlackHole replied to the topic mortgage hunter i’ve lost your number in the forum Opinionated! 21 years, 1 month ago

    Read a few posts. Im only new but I saw his name everywhere with his contact details.

  • BlackHole replied to the topic Where could I get past sales data? in the forum No Subject 21 years, 1 month ago

    Not meaning to sound like an @ss, but are you really a Real Estate Agent that sells new homes? You guys have access to every suburb with a few keystrokes.

  • BlackHole replied to the topic Property Investing Chat Room in the forum Forum Frolic 21 years, 1 month ago

    “Best of Both Worlds.”

BlackHole

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