agreed!
you need to look at the whole picture, maybe your neg properties actually work for you in a different way. I too have a balance on that.

I use shares, neg geared property and positive property, then i work also on super. I am looking for tax advantages, though at times the effort is considerable and my accountant hates me [8]

It isnt what everyone else is doing that counts, it is about you and your situation and your goals.

Elves

I am not a believer in the free thing, there is usually a catch, might not be there and then, it usually is a marketing ploy, get your details and wham for the next 50 years…(exagerating) you are bombarded.

Or they pressure people to sign up.

I think most of us have seen the marketing ploys over the years, the great land developments, fly you to the site, sign up pay later etc etc.

Even the time share thing that happened years ago and still does, not cheap….

Elves

yep hard enough on wages and other income at times

my bank does valuations and rent at 48 weeks a year. as part of the income I will receive.
eg four weeks vacancy rate as a buffer

the costs may be more than the wanted rental increase!
even if there was the added incentive.

Just on a note of warning, my agent had not change details on their software program, they listed tenants paying rent at 200 and taking 220 a week from them, I said, I didnt think it meant much, but my bank manager would love to see the correct details. SO she said, oh my god! that is affecting the rent paid to date. You see for the last 12 months, tenants have been paying the increased rent at 220, while the old rent was still listed at 200, giving them in effect a false credit.

So 20 dollars a week for 52 weeks…..worth of credit…guess what, lease is up for renewal, and I have the tenants from hell, this is going to go down like a lead balloon, and …..this is not good customer relations…still PM has to wear this one, their fault.

elves

LOL Terry, hmmn call me skeptical these days.

Saw one women go to court, for a divorce settlement, he came out the winner. He even wanted the ring back! Didnt get that.

I have seen court orders that have split record collections and books, naming each book that each person got. Bizzareeeee.

Lets see, a year ago I would have been looking at at least two court orders per week. these days I might see one a month, but they are very biased.

i guess when you are dealing with peoples emotions……nothing is ever simple. But I dont ever advise putting assets in one persons name, just my opinion mind….lets just say, I have seen this unravel, while trying to shoot one person in the foot, and to shift assets, got caught himself in the process.

While you can argue the point about asset allocation and tax implications, it comes a little hard down the track if you want your cake and eat it too.

cheers

Elves

Pisces I was alwasy interested in property before I was 9 years old. I tried to start a bank account, by age 19 I think I bought my first property, not cash, but on the way. Of course my future to be was helping, made him sell his BMW bike for some deposit. That was his 6k bike mind you, when the property was 28k…my how things have changed!

oh that was Leura too!

Cheers

Elves

no its not nice

no its not nice to be taken to the tribunal, just so they can get the home back, then let the same home out to someone else.why? dont ask me even the judge was shocked.

Try going before a tribunal to be removed, when you are paid up in rent, have done no damage, the judge asks why, and the real estate can only say, owner wants it back. What no damage? No, not behind in rent? No, never been? No.

Discrimination? sole parent, paying 215 a week rent, daughter just had emergency ceasarian, both nearly died and they kick you out of your home because they wouldnt renew the lease. Christmas is such a time of giving. BAH humbug!

Yep tell me about it, been there done that.
Then tell me they do it over xmas, when there is no rentals to be had.

Hope I am never like that landlord

maybe we shold get back on topic…lol
sorry folks.

Needless to say a lot of ppl up the mts also rent…a lot share accom, split costs, some stay at home as it is too expensive. a lot of younger people cant wait to move out to get a life elsewhere…..and the money to go with it.

thanks for all the info on the books