Christopher has been putting some well scripted posts together recently – thank you for your efforts in making “accounting-speak” easy to understand [nice3]

Just as a follow up to the original question;
Let’s say you depreciated an asset (eg, $2,000 A/C) completely over, for example, a 10 year period, but then when you decide to replace it with a…[Read more]

See what I mean? [confused]

Have a look at Toms Hardware Guide (tomshardware.com), they do an ok job of it.

Well said Jo [biggrin]

Whilst I too find the links a tad on the annoying side, it must be realised that web site maintenance doesn’t pay for itself.

However, perhaps some effort could be made towards making the links somewhat relevant.

That is, pick certain definite words as links, and use only those words.
Recently someone wrote a post which…[Read more]

In NSW you have to obtain the registered owner’s permission before submitting a DA.

Most local council’s DA forms include a space for the owner’s signature where the owner is not the applicant.

A couple of years ago I asked the council I was dealing with at the time why this was necessary (I was looking after a tenancy refurbishment, the owners…[Read more]

Hi there Brisbane04.

First of all, thanks for the update. It’s through people’s full experiences that others can learn too. So thank you for following this through even though I’m sure you have lots on your mind.

From what you have said it sounds like the solicitor is doing a pretty good job of keeping himself and the conveyancer out of any…[Read more]

I’ve used a DIY kit for each of the 3 properties I have purchased (QLD and NSW).

I bought my first when I had plenty of time on my hands between finishing uni and starting my first full time job.
I’m glad that this was my first because, whilst it is not difficult for anyone with half a brain, it can take a good deal of time running around to the…[Read more]

Good on you collie for taking the time to review the deal properly.

The other point I was going to add was;
Check other 4 bedroom houses in the area. Whilst $100 per room might not sound like much, if there are other 4 bedroom houses renting for less than $400/wk, you are not going to get many tenants other than those who can’t do math…[Read more]

That’s really interesting Bibra.

I just had a bit of a play around on Excel to see how things work etc.

For anyone who is interested, I came up with the following (applies to only two possible outcomes like in Bibra’s example);

– Subtract 1 from each of the odds (eg 1.5 becomes 0.5 and 3.3 becomes 2.3).
– Multiply the two new numbers…[Read more]

Hi aussierogue – no, I’m not an agent.

You may have got the wrong idea from my post. I’m not advocating vendor or dummy bids, just acknowledging that they exist and that whether it’s the vendor you are bidding against or someone else, the principals are similar, ie have a top price, and bluff as well as you can [biggrin]

I work in the building…[Read more]

In aussierogue’s example the guy (the market in this case) was obviously prepared to pay $515k. He was simply more prepared to pay a higher figure than anyone else (rightly or wrongly).

At the end of the day, if the vendor ups the anti, you can simply say “no more”. It’s just like competing against another bidder. Once you reach your limit,…[Read more]

I think FireCaesar is getting P and I crossed over a bit.

Let’s try this one for a different way of looking at the issue;

When you pay interest (eg at 10%), what you are really saying is “10% per annum”, or in other words, 10% of the total amount is paid back every single year.
Therefore, on $200,000 you would pay 10% of this ($20,000) every…[Read more]

Do a search on the word “derivex”.
There is a thread here that discusses the PO loans and one of the early messages in the thread links to the SS forum which has a bit more detail.

I won’t bother with the description of how they make money because;
a) It is covered on the threads I mentioned above
and more importantly
b) I still don’t really…[Read more]

As long as the other party agrees to it, you can put whatever clause you like into the Lease.

My suggestion (for what it is worth) is to have a “30 day notification period” so that you only have to give 1 month’s notice of your intention to leave without penalties.

Of course, your Landlord may not agree to this – but you can ask.

You could…[Read more]

Yesterday I was speaking to a landscape architect about a job I am working on.

We were discussing the various types of palm trees and what they would be worth (the ones in questions are about 7m high).

He said that cocos palms were worth virtually nothing and that they are technically considered to be a “weed” these days [blink]

Clint

Hi there,
earlier in this thread someone briefly mentioned DA’s for running a business from a residential property.

There can be some issues if your tenant simply moves in and starts operating a business. Some of these are real issues (parking, noise etc) and others are “techincal” issues (where the local council says “It’s not in the rules,…[Read more]

Here’s a great tip that I have employed quite effectively in the past.

I try not to be rude when someone interrupts my down time at home – they are just trying to earn a living and I did answer the phone after all.

But…. if they continue to try to pester me after I say I am not interested then, rather than hang up, I ask them if they could…[Read more]

Most (not all) physiotherapists are a member of the Australian Physiotherapy Association (APA).

Go to http://www.physiotherapy.asn.au and click on “Find a Physio” at the top right of the screen.

Try each state and see if his name is listed – you can then follow up through the workplace he is listed under.

This will only work if his details have been…[Read more]

Acoustic movable walls can be very (very)expensive – if they’re done properly.

Standard stackables, bifolds etc are not much more than a normal wall, but you get no acoustic separation.

Regards,
Clint

It will be good to keep a close eye on this as there are a number of different possible opportunites.

Allthough, I heard Frank Sartor on the radio this morning greatly downplaying the proposal that was written about in the papers. He seems to be very politically aware of the possibility of a huge fuss from the residents of The Block which may…[Read more]

Rather than get caught up in the mathematics of it all, another option instead of using the “11 second rule” is to do the following;

1) Work out all the costs of owning the property and convert to a weekly basis.

2) Work out all the income from the property and convert to a weekly basis.

If (2) is more than (1) then it is positive cashflow…[Read more]