hey ya

im poor at keeping stuff
sometimes i know i paid for stuff but i cant find the receipts
eg after one year i try to get receipts for warranty and i find out its NOT there, so boohoo

so wat happens if i lost my stuff and i get audited, shit especially now with all the props and expenses i have

you’ll probably say clean up get organised etc…[Read more]

thx terry i forgot

yo jo(heheh)

if you got a portfolio account, then you can fix all your interest and pay it that year(ie on other subaccounts) and togethter with the interest for that year

eg total interest for 1 year is 30K

anyone, other ideas to reduce CGT!!!!

+ another 30 or so K = 60K in interest

yeahhhh

thx terry

thx Jo

apart from cute youre smart

yeah, i get it

when i “sell” to parents, i forget that i had to first pay the 200 K CGT first cos this is assumed and eventhough there is no money transferred theorectically

ya im looking, 1-2more this year

hey kay

5.5-6% yieldis not that heavy negative gearing
first 2 years you might lose 1K after tax
then after is neutral and positive pretty quickly

in area of growth, and props with large land >500-600m2 and BV built <20 years old with 3 bathrooms etc. within 30-40 kms of city and connected to major freeway is…[Read more]

hi melbear,

you sound like a girl i would like to meet
ill fight the right to date you with sis
im 30 with a job
my mum is similar to sis’ but not as vocal and tries not to interfere too much cos she knows i know what im doing and have seen my successes

i have a suggestion, why dont we have one of those reality thingy we always see on tv
me and…[Read more]

correct!!!! succinctly put

look at my reply in -no more finance

you’re with CBA arent you
get a good mortgage broker
refinance, revalue another bank

check Evelyn Crawford in Melton – she’s good but now absolutely refuses to deal with CBA after my case, so if you’re with CBA you can try otherwise
ring 97473211

well theres barry plant 98423222
mines in doncaster – carol adams – quite good
another in philip webb – but avoid them cos theyre not very good, poor communication etc
hope this helps
cheers

omfg i thought i was the only one

I was in a similar situation a month ago with CBA
i earn 90 -100K and my recent potfolio was valued at 1.075mil 4 rpops in 3 places
they said no to even 60% LOC(i asked via mortgage broker about 3-4 times) and boy was i pissed
so i said stuff you CBA i’m going elsewhere, their products are good but their services…[Read more]

yes westan and jo
agreed
i looked also in those areas wyecheproof and ouyen
and i, like you jo, have reservations, imho unless it is a bargain brick house, it is not worth the distance if anything goes wrong or massive headaches in a town of declining population

cheers

PS wesan thx for reply and if i have time and means i might take up the offer…[Read more]

I would need to comment on the asset protection of trusts. My sister and friends are lawyers and I have extensive discussions regarding this.

Basically, trusts DO NOT protect you entirely or as extensively as the general public might think. Most of us will have ourselves as trustee and family members as beneficiaries; also in a company setup to…[Read more]

lol kay
its 3 bedroom
8 rooms total split level
doncaster vic
thx for input, i will pursue this issue with my PM

thx guys that was useful
can i just go out and buy this book at any good book outlets?

hi all

my situation is similar
3 guys renting my place in doncaster
$230/wk for the last 5 years
cos they are working boys i felt reluctant to increase rent, let them get a good footing etc.
i know the rent has increased over last 2 years but i held it off for this long
checking out the rent for a 8 room house, its prolly bout 265 – 285/wk
i…[Read more]

no

huh, sis i don’t get it
how do you plan to retire so early with all these props so negatively geared
live on fresh air?
are these props already being paid off to a point of positve gearing
what about all that maintanence of props $^!#
i find these can really take a lot out eg insurances, PM fees, repairs, land tax etc
i have 4 props +ve about…[Read more]

yeah i think i might end up like u jess
im not married and i want to travel and work etc
what other activities u suggest i should do
im keen to see this beautiful country, work and get out of city doldrums

i’ve learned that there no point being an @$$h*!e but at the same time not to get stepped over

lol aluminati are you doing night duty as well or are you a vampire

pisces

don’t be angry its just my opinion

you can look at it both ways

1) im a wrapper and i’m on your side and helping you to get your first property and a roof under your head. If its not too much to ask i will sell it to you for a slightly higher price and a slightly higher interest rate, which i think is quite reasonable. If you agree lets…[Read more]