I drive a 1998 Hyundi Excel (had it for 6 years) and looove it. It is so reliable, cheap to run, easy to park and it is in good nick. My sons winge about it being a small car though.  I do wish it had air bags though.Husband drives an 1988 Nissan Pulsar hatch which will need to be replaced in a year. I hate driving the Pulsar – it feels like a…[Read more]

Hi NinaIt is great to see another person who has decided to focus on investing (me too).  I agree with Nucopia about the rent you are paying.  It is an awful lot of money going into someone else's pocket.  If you really want to get ahead, renting a unit for even just a year or three would benefit you greatly.  Of course there will be grumbles but…[Read more]

LOL Handy Andy!  I will definitely try that line but I will have to brace for the verbal fireworks and kill you where you stand glares!  I had decided to just proceed with educating myself further without his approval.  And, also to work towards increasing my income so further investment can be excelerated.  The next small step is to lea…[Read more]

Attrill – what does Brad recommend setting the whole thing up in a trust structure?

Thanks LA Aussie – will have to follow this depreciation schedule thing up.  Did some searching and as a novice investor it is an interesting area.Definitely worth thinking about Attrill – thanks for the info!

May the force be with you.

L.A Aussie wrote:
As the two properties are so new, have you had a Depreciation Schedule prepared for each one? This costs about $500 per property, is tax deductible and will pay for themselves in the first tax return.The "on-paper" deductions from the depreciation can make a huge dufference to your cashflow.If you haven't had them done, do it…[Read more]

Good going Opportunity In!

Whew! OTHER people with the same problem! Its heartening (in a bitter sweet kind of a way) to know you too have partners who don't read, aren't interested in listening or believing that yes, they can do it. Having the news readers constantly talking about interest rate rises is not very helpful at the moment. It is enough to cause a black…[Read more]

Thanks for your input guys.  Time and patience. Tick, tick, tick….

Deadcat – I remember when I was young thinking exactly the same thing as you.  The price of houses seemed so far out of our reach.  Don't get despondent – if you want it and will it, you'll finally get your first place even if it is a tiny little one – being in the market is better than being out even if its just a one bedroom unit to start w…[Read more]

I think you're probably right V8ghia.Thanks.

Wow, I am so impressed with all your posts.  Mine is humble by comparison – just starting to get into the game.PPOR $345K owe $105KIP $230K – Just purchased – went for capital value – rents $200 pw

Great comments everyone.  Thank you.

You're absolutely right raddles.  If I'd bothered to dissect the settlement statement more thoroughly I would have noticed that the sum due to the vendor had been broken up so that part of it was in a cheque made out to their solicitor.  But then… I was still suffering the ravages of the worse flu I'd had for years and there were all those l…[Read more]

Thanks,

My favourite to date are two books by Peter Spann – Wealth Magic, and  $10,000,000 Million Property Portfolio in just 10 Years because of they made me realise that almost anyone can turn their financial situation around and motivated me to learn more. I have been to a couple of his intro nights which were good and will attend a weekend workshop l…[Read more]

Ah – found some info already on forums.  Sorry for starting new thread!

Our conveyancer  has informed us that it is standard practice to waive the cooling off period.  We decided to just wait until all the pest, building and strata reports and loan approval came through before signing the contract.  They have not taken the property off the market which I thinks sucks and encourages gazumping (doesn't seem very et…[Read more]

Have  you ever asked anyone to waive their 5 day cooling off period emptypockets?I am happy to waive once we have loan approval and the building inspection and searches are found to be ok – but not before.