HI Yack,

Guru Watch is now merged into Heads Up – there was some reorganisation of the community about 6 weeks ago.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Don’t take the holiday.

It seems to me that a little delayed gratificatioon may be in order here. Why lose an asset that will grow in value over time because you are taking a holiday.

Based on information provided it would seem the priorities are wrong.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

I use Patrick Thatcher of RMG Accounting. Patrick is based in Subiaco

Tel 9380 9533

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Celivia,

The search function is located under the forums button at the top left hand side of the screen.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Ko,

Most investors who aim to have multiple properties use an Interest Only approach as it minimises outgoings for each property and enables them, in most cases, to assemble a portfolio of properties.

I suggest you jump onto one of those loan calculator websites and see what little impact you have in the early years of your loan – despite…[Read more]

You will be able to treat the property as an investment property and claim all allowable deductions.

You will also be able to identify this property as your home for a further 6 years provided you do not buy another home in the meantime.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Mikey,

Suggest you do a search on the forum as Kal and Kambalda do come up from time to time.

Search facility is located under the forums button at the top of the page (left hand side).

Give me the security of large cities any day – even if I have to put a little bit in.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Muppet,

We all did – you are too late. We each received US$9m and did not leave anything for you. Unlike the other scams around the place this one was legitimate.

All of us have now stopped buying IPs and are only logging on when we find time.

In between sunbathing on a remote island in the middle of the Pacific. Log on subject to satellite…[Read more]

Originally posted by PHILandGEN98:

I know what i want.

Well don’t ask then.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Dougiejg:
So any great ideas on how to find and remove the possum and/or the smell before the owners move in about May?

Hi Doug,

If you are the junior do you want to find it?

Guess who will be required to remove it.[biggrin]

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Ooops[biggrin]

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Steve,

I did not hear the buletin or read the article you refer to but I caught this article on the web that may go part way to reaffirming (at least in part) what you heard. From todays Herald Sun

Property is still fizzing
By TONY RINDFLEISCH
05feb06

PROPERTY prices in most Melbourne suburbs have risen since the peak of the last real estate…[Read more]

Wait a couple more days and the blowflies will lead you there.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Assuming your taxable income is $44K then you will pay $9060 in tax.

If you buy the property and it is cashflow positive and now makes your taxable income $45K then you will now pay $9360 in tax.

In a nutshell the taxman takes away an additional $300 from you at this income…[Read more]

Hi Angel,

I suggest you read through some of the finance threads as there are a few Victorian brokers down that way who will give good comment. In no particular order (and apologies to those I miss) you could try some of the following nicks mobile mortgage, stuart weymss and mortgageman. Then of course there are those a little further…[Read more]

Hi Angel,

Some lenders are doing 100% lends under certain situations and within certain guidelines. It may be worth having a chat to some of the experienced brokers here.

PS – I will delete the other thread you started so we can keep conversations on this topic in the one area. Keeps it easier for other…[Read more]

Hi Michael,

I couldn’t get the link to work – have added it here.

http://htw.com.au/pages/info_centre/review/MR%20Feb%202006.pdf

Good resource though.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Phil,

Why are you selling your home?

You could leverage off the security available to invest anyway.

Assume you do proceed with the sale it really is only you that can determined which direction you should take.

Initially you do need to establish what you are trying to achieve via property investment.

What are your timelines?
What skills…[Read more]

Hi Ezrent,

A comment you may want to take on board (FWIIW) – have you considered renaming your calculators eg.

Ezrent Version XYZ – 0506 Financial Year

This may make it easier for joe public.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Steve,

What is it that attracts you to DHA?

If it is the security of tenancy then be aware that as the buyers are leaving the market the vacancy rates are dropping in many places including Ipswich. As such a good PM will be a valuable ally in securing tenants in an ongoing basis.

Sure the worries about no tenant are real – but in the longer…[Read more]