Hi Rachel
SDG3 does not have a website. It is just a group of individuals with like minded investment philosophies. It started just as people are trying to start, at this topic.
Sydney Discusssion Group and it is the 3rd meeting.
SDG3 Petersham RSL 4pm Sunday.
Just a get-to-gether of people. Come along and see
Cheers Len

Hi TB
The way I see it is that the interest will come off your income from the property as a legitimate deduction . eg Year income 10,000k interest say 6720k balance 3280k (also claimable is other outgoings and maybe depreciation ??,However if the property is positive, then you will be in front income wise .
Cheers

Greetings All,
It now seems that the agenda is pretty well taken care of for Sunday.
Perhaps we could start with our general discussion and questions/intro’s etc at 4pm and then :
Roy has some info,
Lawrence has arranged for Chris White to come at 4 and to talk at 5pm for approx 1/2 hr answer questions and they also may be able to give us…[Read more]

Good on Ya Mate !!!
Just be there and we’ll play it by ear. Cheers Len

Lawrence, Could we really stop you—I think not.
You are always selling –in your own way.
So be there anyway and as I asked you before, you can go off and have your only little se4ction if you want. Cheers Mate.Len

Alas I ain’t got no avator. Me Mum couldn’t afford to give me one and I don’t make enough money to buy my own.

Greetings All,
I am having no luck in organising any specific topic/s presenter/s for this weekend.
Perhaps Roy could bring the starter kit he has in mind , and other things that we are using in our investing and we can go from there.
I believe I will have some information on trust etc for perusal. And if Andrew makes it , he has some info also.
I…[Read more]

Greetings All,
I think the best one is when the person on the other end of the line doing the telemarketing is not a person at all— and the machine asks you to “hold on for a very important call” OR, after initiating the call they tell you all the operators are busy now if you could just “hold on pls because this call is important to you”
YEAH RIGHT!!!

Munno, we best not turn this topic into our own little item. However I was only joking, no really. There is still opportunities out there and you may realise that there is enough for all.
For your own sake , do not make the mistake of thinking that because there is no deals on the Realestate.com etc that there is none out there.
If you drive to…[Read more]

Hi chordq, Parking at Petersham is no trouble.
Just come along and meet and greet.
Some of the suggestions for spruikers, speakers or whatever ahs not fallen on deaf ears. Just having trouble finding people of GOOD knopwledge who will caome along or in that case will even return my emails requesting their attendance. Maybe if they read this they…[Read more]

Munno, I did ask you nicely to stay out of the country !!!

Hi Munno,
Mobile Mortgage reply seems fairly accurate.

BUT I would humbly request you stay out of country NSW. I am having too much fun out there and am trying to keep it all very hush hush.
Joking of course and the country has been good to me and continues to do so. Cheers for now Len

Well ShelleyD, you will have opened a hornets’ nest with your answer of “up to our limit” .
Just like a “red rag to a bull” to say that to grossrealisation !!! Go get ’em gross.
Cheers Len

Hi jtw,
Had underpinning work done at Ashbury NSW and the cost was $10000. $70 k for underpinning seems a bl**dy lot of money.
Borrowing the full 500k will cost you $647per week for interest (I.O), maybe $38/39 for rates, Agent comm=abt $69, (Check for water and sewerage xtras) but interest,rates, comm= $754/week. What do you think of those…[Read more]

Hi tastra,
Check your “Private Messages” at the side of this page.
Cheers Len

Got to add my excessive and severe weight to the thoughts about this topic in respect of the siting of the forum and the accessability-or lack of- to the topics.
I realise that it is the owners perogative where to put the forum but having at the top says that in their eyes , it is the most important, Ahhhh but us little minnows in the large…[Read more]

Hi ShelleyD
I believe it is calculated on 50% only of the nett gain if you have the property for longer than 12 months.
Also there has been extensive talk on this subject and you can do a search using the “search” under “forum boards” at the left of this page.
Cheers Len

Hi zeallous and all others interested, There is NO WAY -No WAY–we want this to become a “little click” of investors.
We are all just ordinary people with a common interest. PLEASE come along if you can and you’ll be made welcome. We are still feeling our way at the present and having a different agenda each time we meet. Fairly relaxed and…[Read more]

Hi Shelley D
This was by no means an attack on novices at all—I am one — But I feel we have to pick an area . And then hit it face to face!
Depending on what you want to achieve will govern where you invest.!!!
We were after cash income for some years down the track and therefore invested that way.
Cannot get cash flow positive in the city as…[Read more]

Thoroughly moisten the area (if you are able to use the hose) may be a way to reduce or eliminate dust particles. After all it is used when cutting bricks etc for the same reason!