Forum Replies Created
G’Day Folks,
Funny how ‘De-ja-vous’ (if that is spelled correctly!) strikes. I had a discussion with a local on last Saturday Night regarding just this topic (oil/fuel/power shortages) and this guy knows of a bunch of old-timers that were very young men in WWII where they were making fuels from Wheat, potatoes and such wonderful garden vegetables. Another aviator used asetup of super heated steam to complement his Leyland P76 fuel system. Apparently he only uses two litres of fuel a month! …. butSizzling_Duck wrote: So what would this mean? Well if you had a solar or wind-powered house you would probably be on a winner at some stage as coal will also have to have issues and increased demand from higher energy using items per household plus more households will probably outstrip the infrastructure’s expansion. I seem to remember a house in Sydney that gets paid every power bill since he returns more power to the grid than he uses…. from a solar house (in fact the house recycled nearly everything if I remember rightly).I have seen this story (I think it’s the same story) the owner of the house wrote a book about his exploits :”The House that Mike Built” I believe. Just for Information purposes.
Cheers
C@34
Hi all,
just got off the phone with the FHOG mob (talked to the ATO and they hand-balled me over to these lovely people). Cindy confirmed with her supervisor that, should I fullfill all the requirements of the FHOG selection criterion AND the Duplex is on ONE TITLE, that they can see no reason why I would not be elegible for the grant while renting-out the other unit! So it’s OK to buy the duplex one a single title with the FHOG as long as I follow the rules and live in it for the specified time. The second can still be rented out.
As for a duplex on strata titles, it is as if two separate houses! FHOG for the unit I live in, Nothing for the other unit!
Hope that helpsCheers
C@34
I’m in contact with the ATO. Awiting their response!
watch this space!
cCheers
C@34
Forgive my naiivety, but aren’t all duplexes on a single title – as in, is that not the way that they are built?
The Mortgage Adviser Posted – 14/06/2004 : 15:36:59
If it is on single title, you will have no problemI was of the opinion (dangerous, I know) that duplexes are built on a larger block (for legal reasons) to accomodate the duplex but that they are still on one title. I was not aware that the title could be split. Or are you reffering to ‘Strata Titling?
Cheers
C@34
Hi all,
I have tried to buy 11 properties sofar, 9 – O&A wasn’t accepted (went to someone else), 1 – didn’t budge on price and was way over its economic worth (11 sec rule and CoC, etc) and the last one didn’t go thru to settlement Thank Goodness for that. What a night mare! DO building inspections – best money I have spent so far!).
I’m not sure that counts, but I’m trying.
[exhappy][exhappy]Cheers
C@34
If the house is indeed your PPOR then there is no CGT payable for the duration of time you live in it. This period of time can be extended by up to six years if you move out and do not own another PPOR during this time.
Derek
[email protected]Hi Derek, I don’t understand this concept. Could you elaborate, please.
Cheers
C@34
I’d say he was shot, then made his way into his car, locking the doors in the hope of stopping further assault while on his way to the hospital.
AS in: he was shot outside, removed himself from danger but died before he got help.Hows that?
Cheers
C@34
G’Day Rob,
unlike the REI websites for other states, WA’s is very useful! If I get this right, try this link http://www.reiwa.com.au/content-suburb-30year-trends-detail.cfm?ID=35
just for a bit of extra info (useless or otherwise). I am frequently frustrated when trying to get the same info from other states REI websites and everything costs $$. I don’t mind that but if I want to browse to find something that might suit me, I’d have to buy all the info and it’s validity is very limited. WA rules, O.K.!C, act your age not your shoe size!
Cheers
C@34
HI,
this sounds too familliar to me! as I have learned in this forum once you make an offer, the Real Estate Agent needs to (by Law) present ths offer to the owner! Sooo ….. just put in the offer of $45K subject to “Satisfactory building inspection” and “Clearance of Termite inspection”, and of corse subject to finance. I wouldn’t tell them I had cash! Just use what you need for the closing cost and deposit, the rest for other investments. You might be able to buy two or three houses instead of just one.
With the house being on the market for so long, the owner miught just accept less money. As the agents pay is dependent on how much the house is sold (%of sales price) it is only natural that they would want to convince you to offer more! Try it, see how you go. you could alwys do a titles search and discover who the owner is and tell them that the agent doesn’t want t take your offer 9should they refuse to present it), see whast happens then. Keep in mind though, not to ““Pee in your own Pool!” If you understad my meaning. Good luck!Cheers
C@34
Robert Kiyosaki Cash Flow 101 Board Game, it sounds like fun but is it worth paying a few hundred dollars for??go to ebay! You’ll pick up bargains there. You know how much it cost new then set your high and wait. WIn some lose some.
Try it, you might like it. I bought all but three of my books form there!
CheersCheers
C@34
I worked for a bank (before I saw the light) and it was part of our job to match our customers with the correct “product”. Lending has always been separate part of the business. Infact it is their main business.
While I started they appeared to realise the true income potential of credit cards, so we had to push them, :”personalloan for $7K. WHy waste your time. Get a credit card and you have a continuous Personal Loan for $7K” and so-on.
Having said that, we as tellers did realy try to get the best service for our customers.Cheers
C@34
Hi all,
a friends house burn down just recently and , being in a remote area in north WA, we have no salvage yards. My friends were told that as an insurance job, it would cost approx. $100K to remove the old house before they can rebuild! I took this as a learning item for when I get my first home, to have it valued for removal and rebuild! Sounds like they have been targetted for ripp-off. Just some useless info.Cheers
C@34
Hi all,
wow, oneday I’ll grow up and know what all of you are talking about. I feel kinda stoopid now, thinking that CoCR had to do with the $$ put into the next house you bought! Anything at all used to purchase that IP that comes from my property/savings/loan/etc would go into the CoCR. Then it would tell me if I was using my “INPUT” for the best return. As in, it is a comparison tool to see if I can get more money else where.
I guess I need to go back and read the book again! Maybe call Steve direct and have a yarn…..
Cheers
C@34
[blink]Morning Brad.
The twelve months you reffer to, are they related to the first home owners grant? Because you would only need to ‘live’ in the house for 6 months (refer to Steves analysis of the refrased legislation in one of the past three news letters).
Furhter, if there is such a growth, why sell? Wy not build (one then the other @ a later stage) and rent out? You could be sitting on a further gold mine.As to your obligations as a father, forgive me but if they are your children wouldn’t you want to do every thing for them to be better off than you? You split from your wife – not them. Sorry, I have been a father for three years now and I wouldn’t want my littlees to miss out on anything, ever! Despite your wife….
Please forgive the sentimental oppinion of a happily married bloke with two beautiful children.[inlove]
Cheers
C@34
I think, for the sake of a balanced approach, people should be aware there are other opinions out there and they are not just being negative, they are providing an alternative viewpoint to the kinds of strategies you and your “fans” subscribe to.WOw, I didn’t realise that there are other oppinions out there. Certainly aven’t found anyone disagreeing on this web page! All I see is every one regurgitating Steves material….
Come on – your in a forum where every one has an oppinion and shares it. I seem to recall that in Steve’s book that he said something along the lines of “These ideas aren’t new!” and doesn’t heencourage us to read other authors?! I certainly have bought a couple of books based on his advice – not dissapointed here.
Sad that you need to shoot some one down for his Investment savvy. He is advocating making money to retire on, be thru books, Seminars, etc. So, nobody seems to think that investors indirectly booting property value by buying in the same areas (by chance or other). Not every one is like Steve and not every one has the same ideas as him. Sorry, but in my oppinion you’re out of line! Don’t like it go elsewhere. I am familiar with Jenman and have a lt of respect for him. I hop ehe succeeds in his endeavour but that still doesn’t make Steve the villain![angry2]
Unless you think all these other people on here are gits?Cheers
C@34
Ibuycashflow said:
Try http://www.dolfderoos.com for his REAP software (Real Estate Acquisition Programme) it’s an advanced version of PIA and you can add a picture and send it in pdf format. It will provide you with graphs, internal rates of return, cash on cash etc.Sorry but I had a quick look at this as I’m interested in this and I believe it is $495 USD on CD or $445 USD via the internet.
Ouch. Just for a picture?! Maybe later when I am more successful…Cheers
C@34
Hi there,
try the PIA software from Jan Somers. Although she isn’t openly into +ve cashflow properties, she really inspects and evaluates her properties using this software. It coasts about $250.00 but it is supposed to be very good. I have it and I am still learning its full potential. If this works, try this link (?) or just cut and past the address into your windows explorer.
Cheers
http://www.somersoft.com.au/Software.htmCheers
C@34
Morning Marc1,
just a quickie –- First find out where your daughter is at! What do they want? If they want your help, proceed to point two, “otherwise just hang up……”
- Then involve the other two daughters to help ‘coach’ or come up with ideas on how to over come the situation. Whaqt to do next kinda thing – reminding them that they would have helped each other out in the school yard, so why not do it now.
- Once everything is happy propose and work them thru a number of options YOU are happy offering (the granny flat may be too far ahead of where they are at – mind set!).
Offer a financial solution and CONTRACT each parties involvement, responsibilities and conflict resolution procedure(!!!) as this may very well be the thing that stops bad rental payment habits to develop (you know a set procedure of “you don’t stick your nose into my business and I promis to pay on time” kinda thing).
My prefrence would be vendor finance (you by a house that fit all the criterion – they like it and it is affordable) where you buy the place and they then buy it off you. No need for RE and minimal fees!
So much for the quickie bit…. Does this help? I wouldn’t push the G/F issue unless they see the benefits of it and have the kind of mind set that embraces the growing of wealth thru property. My thoughts – you have to make the decision before they can.Cheers
C@34
[biggrin][biggrin]
How good it is to know that the light at the end of the tunnel is NOT a train but heavenly open sky!
I want to get a head but all work and no play is not for me. I’ll go bonkers inside 6 months.
Just cheered me up some! Yesir.
[biggrin][biggrin]C@34
Easy, I should have read this and learned its principles as soon as I received pocket money!
The Richest Man in Babylon
All other Aussie Authors (Jan Somers – pasive, Anita Bell -agressive, Neil Jennman, just to name the few I know of).
CheersC@34
