Hi All
I think that the forum lacks something now that different types of investments cant be discussed.
I also understand why Steve did it but there are so many people out there who have both property and shares and it was nice to throw around ideas on both subjects a more complete investing forum.I dont think people should be saying to buy xyz…[Read more]

Hi Michael
Life is going to be pretty dull if all you ever do is what your mother tells you.[}] If you have read Steves book you can see on page 171 that Steves preferred method for earning capital gains is the stock market[].
I dont think Steve has a problem with shares he just wasnt happy with the direction his forum was going and decided to put…[Read more]

Hi MiniMogul and Paul
I am really glad that you are hear to ask and answer question Mini you do a good job and sometimes ask the questions we all would like to ask. To Paul it is a shame that Bill saw it as a witch hunt and left he had alot to give and at first seemed prepared to do this but when the fire got too hot he leaped out, he also had…[Read more]

Hi All
I just re-read my account statement which has the cheque book attatched and we pay no fees. We are with CBA but we also have alot of debt with CBA and this gives us transaction free accounts.Alot of the govt fees that you used to pay you dont anymore, like there used to be one for depositing money into an account, thank god they stopped…[Read more]

Hi All
We also try and teach our kids about financial independence, one thing we do that Robert K suggests is the three money box system 1 for savings, 1 for spending and 1 for charity, my eldest one really took to this she saves 50% spends 40% and charity 10%. The savings will eventually be invested into something like shares and she really…[Read more]

Hi All
I also use my credit card extensively to get all those points to redeem for other things.
If you are serious about financial freedom you would have no problem with your card as you wouldnt overspend.Do a budget stick to it
Kay Henry I just realised I must be over 70 as I have a cheque book I find it the best way to pay our rent and the…[Read more]

Hi Pguru
Maybe fransam didnt take up your offer of 2 blondes because she is a girl.[^]
Erika

Hi Bronny
When you signed the contract did it give you a date by which you needed to say whether you had finance approved or not. I suggest you look at your contract first. If you are now over your time you may lose your deposit, but dont give up on finance seek out other banks and financiers to try and get finance, everyone seems to have to go…[Read more]

Hi Shaunwalker
We just dealt with one in Darwin and she was also hopeless probably the same lady
Erika

Hi Bear
George S Clason
I saw it the other day in bookworld
Cheers Erika

Hi All
Muppet you are right about judderbars but I think the lady at the deli thought I was saying goodbye aswell. Cherios are cocktail franks or little boys like Mel says.
Erika

Hi All
One of our friends is a Kiwi and I always like it when she refers to judderbars and chillibins.
But we shouldnt just pick on our neighbours across the sea, the people down here in NSW laugh at me when I tell their kids to get in their togs and the lady at the deli in Coles the other day gave me a real strange look when I asked for…[Read more]

Near Maitland

Hi
The first deposit was from equity from our existing property but for the last 4 purchases we buy, renovate, revalue and refinance to get our next deposit. Before we buy we enlist the help of a valuer who gives us an oncomp valuation then we work backwards to the purchase price.
eg. property refinance valuation 240,000 reno 25000 then we would…[Read more]

Hi Barbara
Everyone has been really thorough with their advice just wanted to mention landlord protection insurance, incase you dont have it. Also you cant tax deduct things you have done prior to tenants being there in relation to the hot plate installation etc I would check with your accountant.
With depreciation schedules and units they also…[Read more]

Hi All
I always thought a vacancy rate of 4% is getting on the high side. If Rocky is low at 3-4% what is it normally
Erika

What a shame general share investing cant be discussed now. []

Hi Cornel
I agree with westan that you need to talk to your property manager. We always add aircon and dishwashers because of the areas we rent in and the type of people we are trying to attract. And yes we can normally get a little bit more in rent for them.
Erika

Hi wezwaz
In answer to no.3 you have to go through the tenant tribunal and if it goes to court the judge can actually give your tenant 3 mths free stay ( in some states) in your property, I would assume that you could only call the police once the court has told the tenant that they must vacate and they still dont.

Hi All
Kay if you make extra repayments on your mortgage so that you can redraw 20k for a deposit is the same as saving the money in a savings account when you take this 20k out it doesnt increase your monthly repayments. This is different to equity that you get thru your property increasing in value. To beable to utilise this money requires you…[Read more]