Hi marytsa,did you find anything on ABC, or have any dealings with them?

Wayne, Thanks for the perfectly logical andwer. Maybe I should have read your post a little closer.

Good Luck, Hope it works out well for both you and your parents.
Keep us posted.

Regards
Ron
“Today Is About Creating Tomorrow”

There’s probably a perfectly logical answer, so please pardon my ignorance, but how do you own a block, but not on paper?

Regards
Ron
“Today Is About Creating Tomorrow”

Hi AnnaShu,
from your description, it sounds very much like a readily available “textured” paint finish.”Fibro-Charm” sounds like a brand name. If you are able to remove a small piece from the existing ceiling, (about 50mm square) a good paint specialist should be able to match the type and colour for you.

TeacherK6 – The coating you are…[Read more]

Hi Dingles,

It’s my belief that the deposit should be included as part of the cashflow to get a true accounting of ALL your actual costs. Any cash going into or coming out of your pocket during any part of the transaction is cashflow.

The P&I or IO payments for the balance of the purchase price are classed as cashflow, the deposit is part of the…[Read more]

Ben,

As Tikki says, check the fine print in your documentation.

This should also tell you what obligations the BC manager is under in respect of frequency of meetings, distribution of minutes and proposed or approved works to the property. It is my understading that there should be regular meetings of the BC to discuss exactly the type of…[Read more]

Hi Gatsby,

Sounds like you need to manage your manager. I see them basically as contractors. They take your hard earned and in return they are supposed to provide a service. You have every right to expect them to properly do the job for which they are being paid.

In my role as a commercial property maintenance manager, I have found that…[Read more]

I agree with all the previous replies. However, my personal motivation is twofold.

1)Financial security for retirement. I don’t think any one will argue that the pension will be a viable option to provide a remotely comfortable retirement. By the time retirement comes around, and having worked for the best part of 45 – 50 years, [glum2] raising a…[Read more]

Hi Jaffa,

Nope Didn’t miss it but you said you can’t edit it so what’s the point of picking on it?

HOWEVER try these two. At the bottom of the calculator, just above Steve’s pretty face (depends on your fancies, I guess!) “press on the banner to take you too (should be “to”) the Property Investing forum Board.” and just above that in the line of…[Read more]

G’day Jaffa,
I just looked at the changes. In the words of a famous fruiterer “BEWDIFUL”

Thanks for taking the changes on board.The use of “your” relates to possession as in “on your way” whereas “You’re” is a contraction of “you are on your way.

So there’s no need to change the header section banner ” where your house and land counts” That one…[Read more]

Hi Jaffa,
just a couple of thoughts.

1)percentage you estimate vacant per year” – The percentage shows occupancy rather than vacany, ie 3 weeks vacany/year equals 94.23% occupancy. should that line read “percentage occupancy per year”[biggrin]

2)there’s a grammatical error in the banner near the top of the page – “You’re five steps away from…[Read more]

would it be possible (or worthwhile) for Leo to refinance or convert the IP loan to IO, and use the tax deduction and income from the IP to pay down the PPOR, even though the interest payments on 15K would not be that large.
Would this be preferable to paying down the IP and losing the deduction?
this way there would be no need to sell.

am I…[Read more]

Hi Kylie,

Firstly, welcome!

As a newbie also, and after reading Steve’s book, I have been looking around different regional areas (including Ballarat – I came up with the same result as you) for +ve cash flow properties.
I have found the major regional towns in Vic. have also enjoyed a certain amount of the property boom, so you may need to look…[Read more]

Deborah,

I think you made the right choice to hold! I agree with most of the other replies. The offer sounds to me like an agent trying to drum up business by throwing some bait.
The only way to be sure, if you were to consider selling, is to tell the REA to get the offer in writing from the other party and then do your numbers.
I wonder if you…[Read more]

Thanks to all for all the replies and advice.it seems like you all hit the mark, which Siacci’s comments confirmed.Siacci,I appreciate your first hand comments. Sounds like not much has changed in 4 years.

Pisces and Derek, thanks for taking the time to put together so much advice and so many questions that should be asked.
as a “Newbie”, all…[Read more]

Hey, Blokes,
with all the requests you’re getting, I better have a look as well. I’d hate to miss out on a good thing. [8D]i promise to give you some feed back once I amputate the kids from the PC[:0)] and spend some time checking it out.

[email protected]

thanks and regards.