I'm doing this also this year. I took some to work and lots of staff filled one.
I had fun shopping too. A variety store was closing down near me and had 70% off everything so I bought Tshirts, pencil cases etc. Bargain. I ended up filling 4 boxes. Things were so cheap I couldn't help myself.

I love it.

Kiva is a great charity too if you are…[Read more]

Why are you limiting your group to North Shore people?

There is a group that meets at Chatswood every second month usually. I go to that but I don't live on the North Shore.

whathouse wrote:
I would go with Richard's strategy. I only have a very small property portfolio but have no debts on any of the properties. 

Why???

With some "good" debt you could have a very large portfolio.

A large portfolio will grow faster than a small portfolio. I'm not against paying down debt but when you are starting out you need…[Read more]

shangrila00 wrote:
I guess I had to be more precise with my question. I wasn't simply referring to CF+ IPs for the sake of $20 in your pocket, but properties with growth potential too, in metro areas, or regional centres that have something going for them.

Expenses and uncertainties are a given, though.

What do you mean by –  at what point…[Read more]

matthewhorne wrote:

When you guys are talking about getting tax back after all expenses every year to bring you into the positive in your bank account, doesn't this mean it's positive gearing and not positive cash flow?

Regards,
Matt Horne.

Yes that is correct. Positive gearing is taking tax advantages into account.

Positive cashflow is…[Read more]

Once you choose a suburb I would visit a few schools to find a fit for your child. I moved my child half way through primary as the school I chose wasn't right for him. Best decision I ever made.

Send me a PM if you want to ask about particular schools. I know  a few in Sydney).

In that case, why does the ATO website bother saying everything from agent fees to repairs and interest on borrowings can be claimed on tax? The only thing we have claimed here is the lost portion of these expenses.

Sorry for the confusion. I didn't calculate the rent.  You do claim those other things too. You add them to your expenses.

So rent-…[Read more]

So I work out the following:
Rental income – expenses: 275*52-4500-11,960 = $-2,160     ????? Where did you get $2,160???
My property would be neg geared.
Tax Refunded (at 37c bracket): (4500+11,960)*0.37 = $6,090  You are adding income to costs here???
Cashflow = -2160+6090 = $3,930   No!!!

How you work it out.

In- Rent  $4500 – (costs-…[Read more]

Not sure but if you go to the school of your dreams they'll have one. They will also let you know if they take out of area. But this changes according to their numbers.

In Sydney? What school if I may ask? Some schools people line up and buy houses so their kids can get in there and they are no better than other schools. Just because they have an…[Read more]

$300K is not the bottom of the Sydney market. You can still buy houses for low $200K in Mt Druitt.

I'd look at Blacktown, Lalor Park area. Properties are in high demand but you may get something in your price range that needs a reno. Blacktown LGA has high population growth forecasted and expected good CG.

You could also look in St Mary's, Mt…[Read more]

Thanks Shannon,

johny- don't see value out of what?  How have you achieved a successful property portfolio?  

Welcome. Just ask and someone will reply.
Read magazines and books to gain knowledge.

You are correct, you can't use the 6yr rule if you are claiming the current property as your PPOR. Has that had any CG? If not leave the first one as your PPOR.

Yes basically    $500K – $465K = $35K is your capital gain. But you deduct buy costs, sell costs etc,  then multiply by 50%?

So by the time you take out stamp duty ($18K if in NSW) and…[Read more]

shannon f wrote:
Hi,
We did Results Mentoring ( previously run by Steve McKnight ).  We think it was and still is the best course by far for mentoring/learning about all property investment & trading strategies in Australia and NZ. .
Every one else that has done it would agree, i would think.
Hope that helps…

Can you elaborate please? What…[Read more]

Why would you look at a company with so many bad reviews? Or are you a rival company trying to discredit them?

Both being your first post and all.

TheFinanceShop wrote:
Other than the flooring – everything else seems to be overcapitalising to me.

Regards

Shahin

I don't agree, but you do need to be very careful not to spend money on things that won't give you a return on your money.
I also agree $50K is a LOT of money. You'd need to get $100-150K increase in equity to make it viable.…[Read more]

As Scott said- do your research. You can';t make a decision on rent alone.
Do not buy it outright. You then tie up all your funds and you may not be able to draw the money out later. Remember interest is tax deductable. If you have no interest you will pay tax on the rent. It will be added to your income. If you earn a decent wage you'll pay over…[Read more]

Save your money.

Type this into google for lots of posts on Positive Real Estate

site:somersoft.com "positive real estate" 

I wouldn't have thought the body corp would be that expensive with only 3 units. Don't forget it covers insurance so you'd still have to pay that. What is the managing firm charging? That would be a saving. You'd have to look up the laws regarding self managing. But as they are strata'd you'd have 3 lots of rates etc. 

LeonR wrote:
I am not writing this to knock Nathan Birch, as I do admire what he and his team have achieved in such a short time.

I guess that $200k could give you a property portfolio worth about $1 million, but with it comes a $800k loan.
The 8.9% yield mentioned above is impressive, but after all the expenses are paid that rental net yield…[Read more]