Forum Replies Created
G’Day melb15,
standard in commercial leases is the Tenant pays for it all!So if you can get the Landlord take some of the cost that would be a win for you straight-away…
Good luck.
forestroad wrote:The contracts of sale are pretty basic and have no " Section 32" like here in Victoria. Everything is negotiable providing it's in the contract of sale…
Hi Francis,
I am not familiar with the “Section 32” can you elaborate on what it is and its purpose …What are the rules and regulations for purchasing over in Tassie? It seems that each state has their own rules and ways of doing things and that can be a mine filed for the unwary …
We bought in QLD and that was very different to WA!
newb4000 wrote:I'm just wondering about the way forward, is this a battle I try and fight for, or do I move on and pick another one another time?
Question you need to ask yourself is:”are you happy where you are?” If so then pick the fights that are really important to you – if this is one of those then fight, if not then don’t.
If you are not happy, then look for an employer that does get their employees certified and make it a clause of your employment contract…
I just changed employers who are happy to pay for my future training. After 4 years of trying I had enough and moved on.
G’Day Stanners
Most newbies fall into the trap that ‘IF’ they have no savings, they are not able to show their savings capacity. Funnily, though, if you can show thta you have fully paid off your Unit (refer to your statements) that that is actually proof of savings! So let that one go, but you might need to point it out to the Bank once you apply for an investment loan.
RE: wanting to pay off your debt as quickly as possible, well …, for me it depends what the loan was used for! If it is to suplement your living and therefore NOT Tax deductible, then yes; a focus to pay it off would be in your best interest. If it is for further investments (shares, IPs, busines) then I wouldn’t put quite as high an emphasis on it. Depends on where you are at and what you need to be able to sleep at night – again this is what I would do (and am currently doing).
The beauty of equity is, is that you can use it in place of ‘cash’ in certain situations, so for me I’d use it for a deposit on an IP and for closing costs – this saves me coming up with all of the money thru bonafide savings. Just a thought.
Remember:
Tax Deductions are based on the intent or better purpose of the loan. So Borrow money to buy something that will make you more money (ie: IPs shares or business).Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi WayneL2,
Are you still up at hedland?yeah, still here. it’s now nearly 11 years….. getting to old for this heat. Boodarie IRon closed up shop then I went to the Department of Health as an Inventory analys/ advisor – showed them how they are over stocked by about $750K which made the Regional Mnager happy as he found some easy savings, but there was no job in that savings for me.
So now I work for Onesteel up here, felt like I needed a challenge…. famous last words! It has been a challenge from day 1. Never think for one moment that your Manager has it easy. I cop it from the customers about my staff, about my warehouse and about the stock I carry. I cop it from me team who think it my responsibility to sort out their ‘Issues’, I cop it from my upline Management because sales are down and costs are up and why did I submit that CapEx…. then I come home and cop it from the missus fro working too hard and too long…..at least I got that one sorted! Lol on the up side, when things go well I really like the job, keeps me on my toes!have you moved back to Perthnope not yet, but I have bought a house there; it is due to settle in the next couple of months. I look forward to that. Bought an option to buy mid way thru the boom in Perth so the 10% invested is now worth 29%, hehe makes getting that finance soooo much easier!
I can remember when we used to talk about IPs in karatha or hedland for $200k and thought these were expensive! The growth up north has been amazing!hehehe yea it seems so futile now to have been so upset about it all. We bought for $150k and with a few changes now have a val of around $340-360k which is nice to have but not really usable at the mo as I don’t have any other income to service more loans.
Our focus is to reduce the loan on our PPOR to reduce the non tax deductible loan and then get soemthing sorted so that when the market or our situation changes we are ready to pounce! Gottat love this Investing stuff. I would like to get into some Stage 1 developments, but the timing isn’t right for us right now – it’ll come…When things slow down a little at work I might be able to get more time in on this website. Needed a break – I felt like I was getting too Theoretical and didn’t do anything practical. You get that.
My Rotti femal is having pups soon so if anyone is interested……[biggrin]Ciao!
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
G’Day Wane,
long time between chats! I see you have had some exiting times….congratulations ‘Grass-hopper’. Last time we spoke you were building websites for advertising of RE?! – I sdee you are advertising one of the nowhttp://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!are they not doing the right thing for you? I thought they were an awesome idea and had hoped they would give you the opportunity to stop working!
10 yrs your senior and I’m still way behind you. My hat off to you! My focus has been to kill off my PPOR debt and keep all my IP loans on interest only. Not an exciting method but it allows me now to focus on paying out my Non-deductible debt while still benefitting from the Tax deductions of the investment loans. Change in job (again) meant for a tighter belt setting and a change in tacticks.
As you’ve already mentioned, the market in WA has slowed, why not relax the pressure on yourself and get yourself ready for the bargains that will be out there in the next couple of years? I know that, had I been more dilligent I would have been ready for an fantastic opportunity (no doubt they are still out there, but…) which would have allowed me to buy two properties and put 5 IPs on there fully contracted for 5+5+5 – had it all set up….[blush2]Congrats anyway! See you around the traps.
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Been donkeys since I’ve had the time to read any threads, and I know that Dazz was goign AWOL, but has there been any resolution to this issue?
Have we heard anything from any-one else that might have picked up the ball and followed in Dazz’s giant foot-steps??
[fear]Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi there Tigre13,
you have asked a very broad question that can’t be simply answered.
If you do a search on ‘Trusts’ and ‘Company’ on this forum, you will find posts galore on this subject!
Once you’ve read some of those and have more of an idea you can formulate where you want to go and then you can put inplace your structure (before you buy, of corse).
sorry, but that is quicker than going thru every possible scenario.
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi Steve,
No the IP is not on the market (as yet)! He is planning on holding it for another couple of months (FMG is ramping up construction in our area) and then sell it for a higher price again.
Interesting ….. it is a country location, if that helps but we do have a valuer that services this town. Like I said originally, it is a new thing so maybe it hasn’t filtered out everywhere AND it may be Loan dependant. As in up to a certain loan volume???
Don’t know, I’m just asking the question.[blink]
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Sweet,
try doing a search on the forum! This topic has been covered and re-covered more than once or twice.That would be easier than relisting all the valuable books every-one has read.
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi Selling,
I’d hesitate to sign an openended contract no matter what the deposit. As you’ve already mentioned you could be waiting for a very long time!
That would have to be #1 on your list to be changed.Second, the deposite size really is up to you – what are you comfortable with? Just remember, screwing a developer over (and focusdevelopments should also see this) by paying virtually no deposit makes life hard for every-one.
I’d look at each situation separately and make a judgment call. It is an investment and you’d want to keep your costs down for as long as necessary, but I’d warn against being unreasonable.
Life has a way of evening the score.Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi Redwing,
I have no actual proof – just the surprised word of my friend.
He bought his IP two yrs ago and wanted to take advantage of the recent boom to buy a PPOR for himself and his new bride-2-b.
Our valuation came in at $220K, but in talking to one of the local REAs it was suggested that I could get up to $320K (OK, the garden wasn’t finished at the valuation). If true, that is a massive difference!
What do our MBs know???? Fact or Fiction???[blink]
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Originally posted by Dr.X:Some people are really amazing.
The way they choose to live their lives is truly astonishing!Instead of looking how to solve a particular problem,
ie TAKE RESPONSIBILITY
They instead look at who they can blame for their lack of success,
ie “my land is too small to develop, and it’s my neighbours fault because they won’t allow me to share their driveway! “There is a very simple solution to this neighbours problem, he can easily do the development (without sharing the driveway) if he took some responsibility, sought some advice and focused his energy on soving the problem rather than blaming others. Instead, he is focused on moving the boundry line and blaming us for not complying!
No, we are not going to point out any possible solutions to him! Even if we offer assistance on this one, what lesson has he learned? He will just be looking outwards and blaming others for his problems on any future deal! That’s not the kind of person I would like to help personally!
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582Hehehe, have you thought about offering to buy him out? Send him a letter that you think his objections are not healthy for either of you and that he is obviously not happy were he is and offer to buy him out – for your next development project?!?!?! Might just stump him and bring him to the table for further discussions.
Just a thought.
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Hi meak,
all I have come accross is that the roof of the shed MUST tilt into the owners yard (ie: that is the rain water will run into their yard NOT yours!).
Once you’ve got no objections – visual obstructions, etc and you are happy to go along with the neighbour and the council approves it, I guess you could approach them to change out the rest of the fibro fence.
To be difficult, you could say to the Shire/ Town council that youy don’t object as long as the fibro fence is upgraded at the same time! You are liable for half the cost – so keep this in mind!
Hope that helps.
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Not that I like the inflamatory language of sydneysmart, I recall receiving this great little snippet in an email.
Just a note, I was NOT born in Australia, I choose to call it my home! Perhpas the below has some home truths for some:
Australia- The Right to LeaveOur Country – YOU have the right – the right to leave!
After Sydney not wanting to offend other cultures by putting up Christmas lights.
After hearing that the State of South Australia changed its opinion and let a Muslim woman have her picture on her driver’s license with her face covered.
This prompted this editorial written by an Australian citizen.
Published in an Australian newspaper.Quote:
IMMIGRANTS, NOT AUSTRALIANS, MUST ADAPT. Take It Or Leave It
I am tired of this nation worrying about whether we are offending some
individual or their culture. Since the terrorist attacks on Bali, we have experienced a surge in patriotism by the majority of Australians.However, the dust from the attacks had barely settled when the “politically correct” crowd began complaining about the possibility that our patriotism was offending others. I am not against immigration, nor do I hold a grudge against anyone who is seeking a better life by coming to Australia.
However, there are a few things that those who have recently come to our country, and apparently some born here, need to understand.
This idea of Australia being a multicultural community has served only to dilute our sovereignty and our national identity.
As Australians, we have our own culture, our own society, our own language and our own lifestyle.This culture has been developed over two centuries of struggles, trials and victories by millions of men and women who have sought freedom.
We speak ENGLISH, not Spanish, Lebanese, Arabic, Chinese, Japanese,
Russian, or any other language.
Therefore, if you wish to become part
of our society, learn the language!“In God We Trust” is our National Motto. This is not some Christian, right wing, political slogan. We adopted this motto because Christian men and women, on Christian principles, founded this nation, and this is clearly documented.
It is certainly appropriate to display it on
the walls of our schools. If God offends you, then I suggest you consider another part of the world as your new home, because God is part of our culture.If the Southern Cross offends you, or you don’t like “A Fair Go”, then you should seriously consider a move to another part of this planet.
We are happy with our culture and have no desire to change, and we really don’t care how you did things where you came from.
This is OUR COUNTRY, OUR LAND, and OUR LIFESTYLE, and we will allow you
every opportunity to enjoy all this.But once you are done complaining, whining, and griping about Our Flag,
Our Pledge, Our National Motto, or Our Way of Life, I highly encourage you take advantage of one other great Australian freedom,“THE RIGHT TO LEAVE”.
If you aren’t happy here then leave.
We didn’t force you to come here.
You asked to be here. So accept the country YOU accepted.
Pretty easy really, when you think about it.Nice and succinct, really. Perhaps it is the message that needs to be shown to those that choose to create incidents like the Cronulla Debarcle.
My thoughts….
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Originally posted by redwing:Concrete the Lot Calvin and Paint it Green..
;o)
[biggrin] [laughing] [thumbsupanim] [specool]
Hehehehe. I actually like the Pilbara red! So, red oxide is the go for me!
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Originally posted by Colin Gowan:If the grass was well established I would suggest coring, machines can be easily hired from most equipment hire places.
This machine cuts through and pulls out a little soil plug and deposits it on top of the grass thus breaking the compacted areas and top dressing with your own soil.Not sure this is available here in Hedland, being a Mining Town
However since your lawn is new this option is not for you for at the very least 6 months perhaps longer.You should just grab your garden fork and stab the ground all over the area that is not absorbing the water.OK and then put in the Soil wetta?!
This will help break up the crust that may be repelling the water and resisting its penetration.
To a small extent it will help relieve compaction.
It will provide a space for the water to penetrate down a few more inches.
It will also help the Clay breaker work in as Fern said.Would this be better than the Soil wetta?Considering Mangos are $1.99 each at Woolworth’s try $5.99 each in Hedland we all would be better off ploughing in our lawn and growing them instead ;o).
Hope this helps.[cowboy2]Email [email protected].
Fax new number coming
Mobile 0425201055.
For all your CLEANING and GARDENING work.Thanx for getting back at all! I am still battling with this, and have gradually reduced the watering times. I am, however finding, that now the grass is drying up and dying – so the pedulum has swung all the way…!
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Excellent post The Crest![thumbsupanim][thumbsup2]
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
Thanx for that Fern,
I have actually seen this done, but as I haven’t had a great deal of time (wot with our reno and work contracts) I haven’t spent a whole lot of time on the Bonsai that I have. I have a sad looking pine tree and a stunted Pointsianna (local name – red flower) that refuses to die, no matter what I do to it. Killed two Ficus, but I have learned to ‘Air-layer’ to claim them of large (huge) trees. I will continue, but must focus on getting those lazy dollars to work for me! [rambo2]
Cheers
C@34Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas EdisonDon’t let reality be the benchmark for your Dreams
