david4000 replied to the topic RBA drops rates 50 basis points in the forum Finance 12 years, 6 months ago
BankWest have dropped their standard variable to 6.98%
david4000 replied to the topic New to investing in the forum Help Needed! 12 years, 7 months ago
You're on the right track – keep asking questions and read, read, read everything you can! There's several investment property magazines out every month which have dozens of investor profiles, strategies, Q&As etc which can be a good starting point as well as all the post on this forum and others.Good luck!
david4000 replied to the topic Prospective tenant has pets, what do you do? in the forum Help Needed! 12 years, 7 months ago
david4000 replied to the topic Prospective tenant has pets, what do you do? in the forum Help Needed! 12 years, 7 months ago
Be careful when requiring you tenants to have anything steam cleaned professionally or otherwise as part of the lease agreement – you could land yourself in some hot water (no pun intended) with the state tenancy authority.I'm not sure about every state but I know in SA the tenancies branch has advised that this is not an enforceable clause in a…[Read more]
david4000 replied to the topic Holiday let in the forum Help Needed! 12 years, 9 months ago
I'm actually looking into a similar idea – buying a vacant block of land in a beach suburb with a view to have a transportable home on the land in a 1 to 2 year time-frame. I'm guessing from an investment /financial perspective it's not really a smart decision but from a lifestyle point of view I don't think you can go wrong!
david4000 replied to the topic Selling CF+ to buy neg geared in the forum Help Needed! 12 years, 9 months ago
I’m with Michael above, why wouldn’t your friend just expand their portfolio, use the surplus cash-flow from the first property to help with the repayments on the negatively geared property? Negative gearing has it’s place in an investment strategy, but it’s pointless to buy a property solely for tax deduction purposes.
Ideally you want your…[Read more]
david4000 replied to the topic Busting To Invest in the forum Hey Dark Star
I think you’ve 12 years, 10 months agoHey Dark StarI think you've got the right idea to clear your personal debt ASAP, there's not much point saving money when you're also paying off personal loans. I think most of the experienced investors in the forum would say to pay down the personal (non-deductible!) loans first, then focus on continuing to build up your savings for a deposit.…[Read more]
david4000 replied to the topic Paint Brands: Advice Required in the forum Value Adding 12 years, 10 months ago
I've used Solver paints with no issues and have always heard good things about them. But if you can get something at trade price that a painter recommends then you can't really go past that.
david4000 replied to the topic paramount finance and investment services in the forum Help Needed! 12 years, 10 months ago
Every poster seems to be a new forum user…It seems like everyone with 1 post either has a vendetta against or a sales pitch for this company…I would personally be wary of any company trying to sell investment properties to you – as mentioned above you can suaulyl find a better property for cheaper doing your own research and leg work. Buying…[Read more]
david4000 replied to the topic PPOR to IP in the forum Help Needed! 12 years, 11 months ago
I appreciate all the insight guys, I've got a better picture of how to approach the situation in the future now.Thanks very much!
david4000 replied to the topic PPOR to IP in the forum Help Needed! 12 years, 11 months ago
Thanks for the responses guys – I'm thinking its definitely something to put to the accountant but I'm thinking it might not work as a strategy somehow.The only other thing I could think of would be – if you were to redraw funds to rennovate/refurbish the property and then used as an IP down the track would the redrawn portion be tax…[Read more]
david4000 replied to the topic Park trent properties group in the forum Help Needed! 13 years ago
Am I a bit cynical or does this post and the reply look like a bit of a set-up?
standard and poor wrote:
Hi all, My wife and I recently attended a Park Trent seminar in Melbourne. It sounded good initially and like many other (mostly newbie) investors or people who are yet to invest we signed up for a home consultation. A nice gentleman came over…[Read more]