[medieval]

Great post Calvin.
Methinks the folks are well meaning but may from the old country or at least thinking old I’d say.
Zyleth it sounds like there are 2 conflicting agendas here. The folks are angling to keep you in OZ while you want your cake and eat it too! (sounds like myself)
Is my radar working here or am I way off? Am I being too…[Read more]

Wish I could help.Richard mentioned the 18% gross figure. I don’t know how he achieves it really. I can only get 12.7% gross out of mine. I am hands on (short stay units)and pay myself a small wage out of this and most of the rest goes to the bank in interest!
I too would like to know about the 18%.
How about it Richard? Do any capital gain fries…[Read more]

Hey John, I guess you must live nearby then.
Local knowledge is always valuable.
Do you reckon you can break even after costs?
Maybe you should consider a 18 percenter in the deep north???

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

52$k nett or gross before costs of management etc??
Newish building or older?

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

gees Len I think I am just feeling unmotivated at the moment and reckon it it is easier to pick up 10-15% for doing nothing but waiting, than to going thru the uncertainty etc.
Sounds like you have a handle on what you are doing though.I have seen your name on this forum before and you are probably a more experienced investor than yours truly.
CGT…[Read more]

Hi Len,
You asked to be swatted.
What is your aim? To build and sell?
How much can you make? 20% ??
Where I am, I will probably pick up 10 % over the next 18 months just by waiting for the market to drop.
There you are – that was my best shot!

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Sounds a bit like he was trying to pique your interest by introducing some competition into the equation.
Backfired eh??

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

About to make an offer on a house.
Not selling any of my existing props.

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Perhaps your Trust or some other entity could transfer $$$ into company acc as a loan. Then the co could pay its bills until it gets an income.

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

2 properties

44% LVR

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Hello toowoomba1,
By the way I am also in Toowoomba.
A coupla ideas – if the car is bought by the co the expenses will be deductable to the extent that it is used for company business.
You need to do a logbook for 3 months and keep it to apportion the split between co and private use.
If you just use the car to inspect your existing props and…[Read more]

Hello all,
You may be able to pay a young (13-16) family member if they were helping with the reno and if they earn less than 6k for the year they pay no tax. Just a thought. Certainly not advice.

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Hi Cabo,

I concur with the comment about financing more than 3 on a block. I financed 2 lots of 3 but they were on 2 blocks adjacent.

I built them and had them done ready to strata title if necessary; but i left them as flats.
i.e. one title. (2 titles adjacent in my case)This has saved me a lot of rates so far.

I am not sure if there are other…[Read more]

Hi Wayne,

This isn’t the answer you wish to hear, but I am only half joking.
I reckon COLOURBOND steel would be the best.
This has been confirmed in my mind since seeing the wrecked roofs on the news due to recent hail storms. They all seemed to be tiled ones.

Concrete or Clay – sorry do not know.

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Hi Richard
A comment you made in your reply interests me. Do you mean that assetts held in the name of a company in Qld will attract no stamp duty on sale if you sell the whole company.
Does CGT still apply??

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Hi all,
Interesting topic.

I can pay interest on, and thereby control – an investment of say $2 m.

Hopefully, if the investment rises in value at the stated 4 % pa; then overtime I am earning $80,000 per annum before CGT etc.
If I can do this CF neutral then I reckon I am ahead.
Any one contest or comment on this??
I don’t think many people…[Read more]

Hi Pete and Jackie,
We are with CCF (Christian Childrens Fund) and they guarantee that 80 percent of the funds donated make it to the family/community/child that is sponsored.
They have been v good we can write and our sponsored child Annie writes back and so does her family (who all benefit through our donation of $365 per year. I thoroughly…[Read more]

regarding your idea of getting people to direct xmas present money to a less fortunate child Dr X,

We tried something like this 4 years back. Unfortunately some relatives didn’t understand really and thought we were suffering from a “holier than thou” complex.
This sort of thing is the right thing to do – but I found a lot of people get tangled…[Read more]

HEAR HEAr Richard,

Great to see the Cowboys going so well. I wonder if Grahjam Murray can keep them on track again next week. Good chance I think.

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER

Mark,
Strange as it may sound – the truth is NOT a defence for defamation in Australia.
Yes that means you can tell the truth and still defame someone.
Defamation is all about reputation.
Cheers
Giddo

Giddo
http://www.standrewsplace.com.au

KNOWLEDGE IS POWER