Hey William,Im in a pretty similar situation to yourself. Ive just turned 20, have some reasonable savings for my age and am looking to crack into the property market. Cost of properties is a big issue as banks wont lend a huge amount and there is the increasingly popular downturn predictions, putting doubt in my mind about residential real…[Read more]

r_windows wrote:
hi again…im half way through rich dad poor dad and was intrigued when the author was explaining setting up a corporation for tax advantages and asset protection…. would anyone recommend doing this or setting up a SMSF, what are the strengths and weaknesses of both.I am wanting to learn more about accounting and financial…[Read more]

hey there Else,Im not sure what state youre in, but in SA i am under the impression that you are able to purchase a house as an IP, whilst maintaining your ability to utilise the FHOG, at a later date. To find out for sure, you should check for sure with the govt. agency in your state that issues the FHOG, in SA this is revenueSA. If they do…[Read more]

Thanks for your comments guys esp. mark, they are much appreciated. I was enlightened (if in fact it is correct) by the fact that holding costs may be claimable from day one. This is a handy little "cost break". Also, im not particularly concerned with over-capitalising, as i feel comfortable that with the research i have done my proposed IP will…[Read more]