Hi Robynhood,
Check out this link. Property investor software designed to make managing multiple properties ezy. http://www.apimagazine.com.au/pages/magazine/software.html#POSH

Personally I use Microsoft Money. Each property has it’s own account where inflows and outflows are recorded with categories. I print a report at tax time. Hardcopies of…[Read more]

Hi Maximillion,
Just stating the obvious, but with all of the costs going up with inflation etc and interest rate rises, rents will generally be increased along with these costs. There is nothing to stop you fixing part or all of the loan which mitigates some of the financial risk of interest rate rise. MJK is correct with regard to paper tax…[Read more]

Hi Karl

This address may be helpful. It seems complicated but it really is not.

Check it out. Hope it helps

http://www.ato.gov.au/individuals/content.asp?doc=/content/31570.htm&page=15#H4_9

Cheers
Ca$hking[]

Hi Fullout,
I guess this depends on what you are trying to achieve. If it is to protect the asset from creditors for example, it would be better to hold it inside a trust with beneficiaries. It can also allow you to distribute income to various beneficiaries for tax purposes etc. However, you must consider that if an asset is held in a trust or…[Read more]

Chill out Kay Henry. My words are used as a figure of speech. I’m not a tiger in the jungle waiting to pounce on a disadvantaged antelope or something. Your strategy is to get out at the top of the market, so you can buy back into the market on cheaper properties elsewhere…..I AM DOING THE SAME THING!!!!!It’s just that my timing will be…[Read more]

Hi Dom. I presume that you are trying to arrange finance for a rental property without having a “Job”. Sorry if I’m wrong. But I would imagine that they are unwilling to lend if you don’t have a job, as you would be reliant on the rent (rent reliant)…..and if you had no tenant for a period of time, how would you pay them???

That’s all I think…[Read more]

C’mon Kay Henry, you are doing exactly what I am talking about: from your quote

“buy cheap and sell expensive”

Only my description is more colourful. I’m not trying to be charming, just factual. In any investment market, generally speaking, if someone makes money…..someone else has lost it!!

It’s a fact of life. I did’nt invent it. I just use…[Read more]

Hi Alf,

Melbear is exactly right……

“If the rent is covering costs then keep it.”[]

If not, then Piss it off.[}]

At this point in the cycle, you would have to believe, the potential for a decrease in the capital value of property is more than the potential for continuing increases. With interest rates almost CERTAIN to increase, any…[Read more]

Thanks again Melanie. I will have a look at some unit blocks, as always if the numbers crunch well, I’ll buy!!! Keep that money box open as I may have to dip my fingers into it!!!!

Cheers (I really appreciate you help)

Ca$hKing[8D]

Thanks Gunner54.
I appreciate that. Runaway Bay I am familiar with, but I am not aware of the other 3, so I will check them out.

Thanks again.[]Your a legend!
Ca$hKing

Hi Havenleigh Park,
Westan is incorrect in saying that Financial Advisors do not study Real estate as part of their education requirements. It is included in units of study on Wealth Creation and investment strategies. Most people think they don’t study this topic because advisers push other investment products from which they will earn a…[Read more]

Thanks Hillary.
Will look at Bundy!!![8D]

You are dead right about the “get up go to work, come home, go to sleep” then repeat indefinitely routine” only then to look forward to going out and getting smashed to forget about the nightmare of it all.

Have had enough of that? Won’t be doing it anymore!!!!! Getting rid of all the debt, selling everything that does’nt MAKE money. Keeping the…[Read more]

Thanks Melanie. I’ll keep your email handy for when I need a loan. Won’t be working for a while, but after I’ve had a ggggggoooooddddd break, I’ll be looking for OPM (BIGTIME).
Ipswich West hey,
What about Rocky??? Mackay???Townsville???

Cheers

[]

quote]
Hi Cashking – like the name []

Yes there are still plenty of cashflow positive areas…[Read more]

Are you glad you did Crashy?

I think it’ll be a good move for us. We have been talking about doing it for SSSSSOOOOOOOO long, that if we don’t make the move now, we never will, and besides we are so over the nightmare that Sydney has become. Got a few freinds on the coast (Gold), brother in Brisbane. Looking forward to being free for the first…[Read more]