I have at least a half dozen ip’s which I have never physically been to see, myself.

Before purchasing, I did my research on the area and most importantly, shopped around and lined up a property manager to manage any properties which I may purchase in the future.

As well as a pest/building inspectionk, I would classify an inspection by my pm to…[Read more]

Termites and realestate agents, reminds me of the day I went to inspect a prospective cashflow positive property.

When I noticed termite mud tunnels running up the stumps, I broke one of the tracks with my finger and white ants were clearly visible. The agent remarked, “I wonder what those little insects are? They look like little ants.” She was…[Read more]

Shaun, Your agents antics remind me of my last property sale. I had done a lot of research to the market value and listed my property at a reasonable price of $220k.

One week later, the agent hadn’t even listed the property on his website yet and he asked if he could drop the asking price to $210k. I asked had he had any ‘offers’ yet and he said…[Read more]

Equity wise she looks very good. It does depend on what rents are received and what interest rates she is already paying. Lenders are fastidious about how you are going to eventually pay the money lend back. The next purchase would have to be a very good deal. A cashflow positive buy to offset any losses on existing loans may make her finances…[Read more]

Travel expenses to purchase a property are kept in the capital area. If you sell the property in the future, the travel expense will be deducted from your capital gains along with legal costs and stamp duty.

If you want to get out of a hole, first stop digging.

Hypnosis is in contravention of my religious beliefs. Despite this I did contact a hypnotherapist who said it could not be done with a one-off visit and would require repeated visits and a 100% success could not be given even then.

I have found there is a new nicotine replacement product newly available which is in tablet form and sounds…[Read more]

Originally posted by kay henry:
Brenda

DSo you have to have any special qualifications to homeschool kids? Like a teaching qualification etc? What happens if you don’t know the answers to the schoolwork your children are doing?

kay henry

It’s easy to homeschool, I buy the answer books from the school. I did have to do a correspondence course…[Read more]

Hehehehe, I like it.[specool]

If you want to get out of a hole, first stop digging.

I am a wife and mother and have those associated duties which come with them. An extra position I have is to homeschool my two children.

In my spare time, sic, I renovate my house or my other properties and invest in more properties, and show my Schnauzer dogs.

In a previous life, pre marriage, I worked as a meat packer, jillaroo, horsebreaker…[Read more]

I would love to give up smoking. Not a day goes by where I don’t think about it.

Trouble is, I seem to have some sort of phychological fear of giving up the smokes. It seems like I have some sort of split personality where I want to give it up vrs nah why bother. It drives me nuts all this two sides fighting so in the end I just keep on…[Read more]

Hi Two Sheds,
A few years ago, I bought my first investment property for $125k and rent was $125pw. Interest rates were at 8% at the time. So not a very good return at all.

Then I bought a second property for $27k which rented for $100pw which vastly improved my cashflow. So much so, that I was then able to hold the first property until capital…[Read more]

If you grab a free tax pack and the supplemental tax pack as well, available from newsagents and post offices, you should be able to follow exactly how tax is calculated on income.

A quite good book on explaining it all is “Rental Property and Taxation” by Tony Compton. I found myself a copy at http://www.businessmall.com.au From memory it was around…[Read more]

Have you thought about having a company rent your land to erect a big advertising sign there?

If you want to get out of a hole, first stop digging.

I have just had the exact same problem with an IP.
Windows on one part were badly binding and it was due to movement in the stumps.

My PM called in a tradey of some sort who said the stumps didn’t actually need replacing, as this entails the entire house being raised to replace them. Instead, he just jacked up the offending part of the house,…[Read more]

May need to look into Navras cashbonds in the future but at present, I am happy to just look after the ips I already have. Just maintaining and putting all those into a tax return is a lot of work. Don’t know if I’m ready for any more just yet.

If you want to get out of a hole, first stop digging.

I did buy one in Ipswich this year and sold one there last year. Bank says no more lending at present so I won’t likely be able to borrow more for a little while now.

Mostly, I got that postcode as it is the nearest major code near to where I live and was curious to find out how much houses were really selling for.

I do like Mackay and…[Read more]

Hi all,

I have the cashflow 101 game on CD. It is great fun because if you can’t get someone to play with you on the board game, you can always play against multiple computer players with the cd game.[biggrin]

Mind you, the instructions say it is virtually impossible to go bankrupt, but I seem to be able to be able to make it a regular…[Read more]

Congratulations foston[specool]

Don’t forget to insure it well. Use this time now to apply different figures like capital growth and rental increases to see how it will turn out in a certain amount of years. It’s always fun to do figures and a ‘real life’ purchase, rather than a ‘what if’ purchase.

Enjoy.[biggrin]

If you want to get out of a…[Read more]

I do my own tax return but I don’t lodge it myself, that’s what tax accountants are for.

Bottom line is the ATO says you are responsible for your own tax return and if the accountant makes a big mistake, you may be still responsible.

Therefore, I am rather like the labourer on a worksite. I do all the timeconsuming work to compile the return so…[Read more]

I have been a bit lax in visiting lately. It’s not that I don’t enjoy this forum, I really love visiting.

The market is not quite as easy to pick now and to go on investing really does seem to soak up the time spent doing due diligence before purchase.

Lenders also seem not quite as willing to toss the loans out to investors and I would imagine…[Read more]