Hi elliipitical, I would consider getting in to shares, as your income may not high enough to get enough tax  deductions to make property viable in the short term. I think the coming months could be an excellent time to buy shares if you want to take a punt. the market is fearful,  at a low point,but yeilds are ok 4 to 8 %.  Use dollar cost ave…[Read more]

Hi ,  Badger and Dan  Congratulations to Badger on your investing  sucess. I actually agree badger on his comments on semminars and the morons who take notes on B S.        May be I was reading between the lines but  I was refering to comments about  Tim,  and comments like I am wily canny and flexible etc . that made badger sound like a smart…[Read more]

 Intregue,    One of the main reasons people invest in property is because it is a great way to store and create wealth, the main ingedients  for this is inflation. While the value of  your property is hopefully going up the value of your loan in real terms is going down.   ie      if inflation is 3% p/a  a  300k loan  after a year needs only…[Read more]

Well what a disapointment that turned out to be badger. I thought maybe your were a clever investor. I guess you just  dont know what you dont know. May  be you better read some more books.  If you are as smart as you pretend you wouldnt be  paying CGT or selling costs , especially if you bought quality investment property in the first place. You…[Read more]

As  a presenter at the ultimate susccess seminar I would assume Mark would have been given free tickets to the event as have other speakers, but unlike others speakers and passing on the tickets for free I noticed mark is selling them  for $200.00 each.   If this is the case, should some-one who has $500 million in property sell  tickets, given for free?

 Novice I  would look at units in carlton. From experience and  looking at data CG on units   either exceed or at least equal that of houses.   if you buy new units  you will get a lot of depreciation. but with 50k   you would only by older units that have already depreciated.     With units generaly they  are sitting on higher value land perha…[Read more]

  James ,  with  10 k  I think you should look at leveraging that up as quickly and safely as possible.  A good way to do this is with a DPP (deffered purchase plan)  You could  get a loan to of  $70,000 to buy units in the ASX 200 or if you prefer property the Dow Jones real estate  Index. You can get a lot more bang for your buck it s quicker ea…[Read more]

Vinay,   I would be cautious. there is often over supply  of innercity apartments and not much scarcity value hence not the best capital growth potential.     The tennants are usually young and mobile and will quickly want to move to  the latest new fancy building, other words short term tennants. New buidings will be built and the older ones ma…[Read more]

   I went to one ot the C&N  semminars, at some  expense and inconvenience, and was rather disapointed with the quality of some of the information. Some of the information was excellent, but some was inacurrate and I learnt  I was  doing things that  they said  cant be done.   Even though my acountant says they can and the ATO never had a problem…[Read more]

 Pascoe if you buy a property through metropole it would be a good idea to lodge a caveat on the title, it only costs about $120.00  and could save you tens of thousands.   They probably wont advise you to do this.  Must agree with V8ghia I think they will push whatever property they want to unload, and only buy in expensive suburbs I guess  so th…[Read more]

Yeh Pascoe ,     I went to  Metropole  with the intention of doing a development, but instead they insisted I should by a rental property. The finance broker they set me up with was a dud and wasted months getting a loan that was just way too expensive to sign up on.  In the mean time prices went up 20,000k, two of the staff were very friend…[Read more]

 Darvio     If you are going to invest in proprety you are going to have to start thinking like an investor.    Depreciation and tax  deductions depending on tax rates means Peter and Paul can be paid at the same time, by Peter having less tax taken out of his pay packet.    By leveraging of one property Peter is also doubling his assets meani…[Read more]

Jim an astute investor only pays 5 or 10 cents in the dollar in income tax ,  they get tax free wealth through capital gain and pay their taxes through stamp duty.    I prefer 3 sligthly   – geared or neutral properties , more dollars worth apreciating. then one grossly neg geared property where you will have to actually go and have to  do some…[Read more]

     Clover I was hoping you would refute my figures and show how these units are cashflow positive.  It appears as if you are having trouble selling these units and have resorted to devious methods to market them.      You mention Aztec Devolpments  under every  topic, even  under finance but don t  mention who you got finance through to mak…[Read more]

Yash ,  The name of  the broker to not use is called, The Money Depot.          A good broker can be hard to find, if you think one is not  giving you an excellent deal dont be afraid to try another.  The difference to the bottom line can be huge.  Good luck.

Yash,     I can tell  you who NOT to use unless you want high rates and fees, want to repeatedly lodge papper work and want to wait months and waste time,  the money depot.

Rob it appears to me in the examples the +CF is smoke and mirrors. The figures on the first example dont account for the borrowing cost or opportunity costs the  of $ 59,000 deposite. Especially on an LVR  of 90% the interest rate will be higher then 6.25%.   You should account  for a least 7% probably more.  Interest on   425k @ 7% is 30k     …[Read more]

Clover I  am doing some quick maths correct me if  I am wrong  Purchase 325k + 5% acquisition costs =340K, Interest @  allow 7% ,could be higher soon, 24k+ rates body corp fees,insurance, management fees,etc 6k= total yearly costs at  least   30 kIncome= 16640x 80%= 13,300 + 8000 from government=  21,300      a loss of  $9,000.  about  170 a week…[Read more]

Start a share portfolio first you will need this as a buffer against unexpected events,  a period of high interest rates , peace of mind and knowing it is there you will have the confidence to take risks. I would  take some long shots on unlisted companies that are developing future technology. At the moment I like the Kukler fuel injection  sys…[Read more]

Forgot to add that  if interest rates go up 2% on a $500,000  thats an extra $10,000 a year in payments,  perhaps 7,000 after ta x deductions.     That would be because inflation is 3%  or >  meaning in real terms you loan reduced 485,000.  at the same time the asset that money was exchanged for  may have increased in value to over  $540,000.  I…[Read more]