Hi Kristin, Just came back from overseas trip 2 weeks ago so appology for lateness. I think I should define precisely what is definition of profit and profitable and if it is short and long term and why I think this is all it counts. How many people asked question why people are not rich when in actual fact vaste of people should inherit…[Read more]

That was not the intention. That would be too simple. I was suggesting that as far as banker would pay off the PPoR I would not care how and what ways he/she would apply to recover $170k as far as it would be inside IP's. You have however good point in there that it would probably have to be $170k + Tax on income so the $170k would be after tax.…[Read more]

Another one… If someone would have $170k outstanding balance on PPoR house valued at 400k and no other commitments and say $180k gross income what options bank manager could have on smart offer to engage such person as long term IP's client (investor) but only under one condition. The banker would have to find a way how to fully pay PPoR (…[Read more]

Since this is a creative investing:) I guess the message is that thinking outside of box is good, manage risk well and ALWAYS negotiate with lenders because at the beginning the balance of power is on borrowers side… (well in most cases). It is interesting that you consider biggest bottleneck in getting the creditcards. 4 x $50k should be ok. in…[Read more]

1% of $200k = $2k If bad debth people have called PPor is say $200k on house with value of $400k say. The interest is say 6.5%.  Anyway people would pay $1k each month on interest before they start paying principal. Everyone knows that one strategy is to leave 100% salary income (any income) in offset account while purchases are done by…[Read more]

Josh, I had a look your website. Obviously I was trying to read it from an investor point of view trying to put myself into shoes of investor, mediator (yourself) and the buyer.  The way website is presenting (to me anyway) is that you almost get this impresion that the investor and the mediator are the winners and the buyer is the looser. To imp…[Read more]

Ozlat, Money is consequence of actions not the other way around. So investing is also consequential outcome of actions and the outcome of investing can be positive (money grows) or negative (money go). My advise. Do not concentrate on money concentrate on your actions. If you change your actions money comes as a result. Actions and ultimately…[Read more]

I can not help but join this convesation. In Australia you realy "need" master dagree or at least licence even for brooming. If builder like Ashley has a problem to keep building houses for himself one after another and improve quality of his/family life by living in better and better home than there is something fundamentaly wrong. There is…[Read more]

I can not help but join this convesation. In Australia you realy "need" master dagree or at least licence even for brooming. If builder like Ashley has a problem to keep building houses for himself one after another and improve quality of his/family life by living in better and better home than there is something fundamentaly wrong. There is…[Read more]

* Knowing what is the split between no tax deductions portion of property cost, 2.5% depreciation cosnrtuction cost of property and plant depreciation cost (higher depreciation cost 5% or more). It is often hard to get this information from real estate sellers but I never buy unless they tell me in writing.

I have brushed up my property calculator I have made many years ago. Since I am trying to get some ideas on website design I have attached link to a picture on my test website. You can download it. I have inserted comments in excel cells so it is easier to follow. When you open it you will see that there is only around $300 difference extra from…[Read more]

Ashley,I forgot to also ask. What kind of builder are you? Timber/steel frame carpenter builder or concrete or other types of blocks builder?

Ashley,If it is not too much to ask do you intend to sell to investors and stay to rent your own house after sell each time or you sell with intention to move to rent elsewhere? Or any of the two depending on circumstances of PPoR sell?

Kong,You are not wrong. If maximising your profits is the main objective than you are not wrong. What I am doing is not advisable for borrowed money investments and investments where maximising profits is the main objective. It is still an objective but not the main one and over period of time of say 20 years… My appology by yield I meant…[Read more]

Dachoper,We have had very similar discussion in next forum link below. But roll toward end because discussion more or less ended with topic of yours. Also from tax point of view. https://www.propertyinvesting.com/forums/property-investing/help-needed/4344082

Hi Kong, In a main stream definition of investment understanding yes. Cost = rent/yield. However some (much smaller groups) would also say: Cost = yield (high quality). Similar to as some groups would say also Cost = Rent (low quality) without any yield. It is similar to high end groups buying expensive art or wine and sticking it into basement wh…[Read more]

Yes. That is how it works. Hence Whitsunday property looks more promising now…

This property is typical example of someone in Sydney or so having this Bali property at Soverin Islands in QLD using it as tourist/holiday rental property charging $900 per night + $450 cleaning exit fee per stay. I am sure this property is not occupied fully and could well be the case where rental income may well be say 6months max (On and Off)…[Read more]

Very good point Freckle, Thanks for sharing. I have had a look the Candy Candy. Interestigly it is not my personal taste but from my personal experience it is somewhat interesting to see that people with plenty (I mean realy plenty) of money often do not have a taste in beauty and you end up with weard creations that lacks what I call practical q…[Read more]

Possibly. Anyway thanks for your time in replying. Appreciated.