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Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of FocusFocus
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    @focus
    Join Date: 2003
    Post Count: 10
    September 2, 2003 - 5:38 am

    Hi all,

    tis true, the more you earn the more you spend. Whether that be food, travel, tax etc. Where you live is also really important. Eg. live in the east in sydney and petrol is much more costly than in the west.

    It’s not always the amount you make but how you made it or rather how it was made even whilst you are asleep.

    I’d trade 75k earnt doing overnight shifts for 50k passive…

    Rau

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
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    August 29, 2003 - 3:41 pm

    Ez-rent,

    thanks, just got a copy also.

    Rau

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
    Post Count: 10
    August 29, 2003 - 12:14 pm

    quote:

    Rau, what type of Dr are you? General, specialist? I’m not going to even start on the health care system woes… we need a forum on that on its own [:(]

    Hi Sooshie,

    too right bout the extra forum needed…

    I’m a doctor without a provider number so do a bit of everything, from ICU registraring to Defence work… maybe i’ll decide to do ICU or enter GP land one day…Enjoy health and fitness promotion though [:)]

    Rau

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
    Post Count: 10
    August 28, 2003 - 11:05 am

    Hi all,

    Am a doctor. Dislike the way the govt. is destroying health care. Would like to not have to worry about costs when treating a human being…
    Sorry i’ll stop now.

    Great forum. Have never been addicted before[:I]

    Have 2IPs, selling one. No PPOR (took me ages to work out what that meant…). Not generally too savy with the $ stuff. Wish they taught Money101 at uni… actually “they” probably would have taught me the wrong thing anyhow [;)].

    Rau

    ps. yes fears of increasing litigation…[:O]
    pps. just got my insurance premium… cringe

    Profile photo of FocusFocus
    Member
    @focus
    Join Date: 2003
    Post Count: 10
    August 28, 2003 - 10:24 am

    Hi,

    Sorry, gonna answer a question with a question…

    Is cross-collateralisation when one uses equity in house 1 to purchase house 2 with having to use any “real” money?

    Rau[?]

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
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    August 21, 2003 - 1:44 pm

    Hi Doogs,

    i think you can be living in Australia. Need to be able to provide a reasonable reason of why you are living out of your PPOR, if quizzed by the ATO.

    Rau

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
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    August 21, 2003 - 1:21 pm

    Hi,

    don’t forget to lock in your interest rates. Historic lows.. yada yada yada

    If you rented this unit out, other positives:
    1. Depreciation (depending on your income & ownership position)
    2. Option to sell without attracting capital gains if sold within 6 years (please check details with your accountant)

    I agree with spider though, risk management is paramount to building a sustainable empire

    Rau

    Profile photo of FocusFocus
    Member
    @focus
    Join Date: 2003
    Post Count: 10
    August 21, 2003 - 5:04 am

    Hi all,

    might be a dumb question, but it’s better to ask before i make the mistake…

    What’s wrong with cross collating, if it’s from IP to IP? If all the IPs are held under the same name whether it be personal or company/trust etc.? can’t the banks take charge of all the IPs under the same name anyhow?

    Cheers

    Richard

    Profile photo of FocusFocus
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    @focus
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    August 19, 2003 - 12:52 pm

    Elysium-M,

    Good point. The only way to know is to ask. Except that most of the people who answer calls don’t know much better and they often provide wrong answers I’ve found.[:(!] I did ring once to get an answer to the effect of: “That’s not what it meant even though that is what it said…” if you follow me.

    Might be worth a challenge if ti get to that…

    Rau

    Profile photo of FocusFocus
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    @focus
    Join Date: 2003
    Post Count: 10
    August 18, 2003 - 10:16 am

    Hey Elysium-M,

    Quote: “you have never owned any residential property before 1 July 2000; AND
    you have never lived in any residential property which you bought after 1 July 2000″

    Just a double check. If I have IPs bought after 7/00 and have never lived in any of them, i’ll still be eligible for the FHOG when I buy a property I plan to live in? That’s how i read the government fact sheets also but many accountants ie other “professionals” say no.

    Thanks

    Rau

Viewing 10 posts - 1 through 10 (of 10 total)