mate….
30% ‘s nothing
BHP 45%

$450,000 profit 1 yr

that easy

Hi terry

interesting how you make the tenants pay all outgoings
because according to the residential act, that would be illegal

have you found a loop hole?

RESIDENTIAL TENANCIES ACT 1987 – SECT 19
Landlord to pay council and water rates, land tax etc
19 Landlord to pay council and water rates, land tax etc

(1) It is a term of every residential…[Read more]

sorry redwing
but the way i read millionintrainings question is:
I iposed to my accountant recently. He seems to think I can claim around 10% for my company / trust to occupy. Maybe I can make it more if I include rooms for meeting with agents etc.

the key words here are

“here thinks i can claim around 10% for my company to occupy”

now that…[Read more]

ozi…..
i don’t really care where the market goes either….

but i do care where my money goes…..

and what fool would put money into an investment thats going no where today..
i’ll keep it simple
buy a median house in melb 12 months ago 370k
sell today 360k (thats what it worth) rent 1 year 300/wk
total profit/loss ..LOSS $61k
buy bhp…[Read more]

beg to differ Cata

but i think you might be wrong about the pollies…..

looks what happening in Victoria

Treasurer John Brumby said a new surcharge would be introduced from January 1.
The surcharge is set at .375 per cent of the land’s unimproved value plus the land tax that should apply.
The surcharge kicks in for land held in trust that is…[Read more]

you know grossrealisation

there’s just to many experts

try this one……

BIS Shrapnel chief economist Dr Frank Gelber believes the economy will now pick up pace
“Business investment will take over as a driver of growth.”

However BIS forecasts a downturn in 2008.

“We’re looking at CPI inflation rising to 4.5 percent. That’s more th…[Read more]

hi beas
how disappointing….
but there’s a 3-4 min audio clip from one of this seminars that was being used as a promo……

that was enough for me….
presentation skills…..0%

sounds good, millionintraining

i assume your using your PPOR for your company to use a small office in…right

well don’t forget the other end…
what other end?

once you start claiming a tax deduction….all those 101010101010101010010101001 (digital data)(tax deductions) entres the ATO database.

so when you sell your PPOR…guess what….
up…[Read more]

tina
“has some good speakers (including Steve! Which is what attracted my attention)”

r u serious?

did you see that intro video on home page….that was enough for me.

try an alternative, have a read of this….

“the essence of happiness”
its a guidebook for living, by the Dalai Lama

Ho ozi
all sounds good to me….
just a quick question…
when this next boom happening
because according to……
Bernard Salt is a trendspotter for KPMG
“There’ll be another weak boom in 2018-2020 and then the property market will hit the wall as the baby-boomers start dying off in droves in the 2020s.”

do you know something we do?

if that…[Read more]

interesting
why not pay $0 rent
then all you to do is pay the FBT
save on GST

well
i had the complete opposite Jason
My tenant have been in the office now for 12 years
they spent 150K when they moved in, do the building up…and it looks like business is good and they probably be there another 12 years…..
and cashflow….i paid 360K for office….they pay $80k/yr plus all outgoings…and keep the building looking…[Read more]

DLPP, i totally agree with u
that shows a joke
you know not long ago they some guru on that claimed ” he will turn average Australians into millionaires in just 12 months”
where R they today?
right…..still doing their $300/wk job

anyway…”Today Tonight were warned by the ACCC that there’s going to be a major crack down on the…[Read more]

ah thats better

good reason to be careful grant7

“If you have a low documentation loan, be aware the Australian Tax Office is watching closely. The ATO has launched a data matching program that will match the income declared by taxpayers to the ATO, against information provided to financial institutions. The following financial institutions…[Read more]

Thanks terry

i’ll put my glasses on

Hi Grant

“the ato might not necessarily see my point of view”

Not only won’t they see you point, but they have now confirmed it in LAW, after the Hart Case that went all the way to the High Court.

a bit of reading material re these loans
http://www.ato.gov.au/corporate/content.asp?doc=/content/mr2004034.htm

if you mix Non deductible and…[Read more]

Dazz
are U serious
lying in bed thinking about tax!!!!!!!!
you need some pills……..

Now that concept works in the commercial world because?????

Because in the commercial world a tax deduction is available to the company renting the premises as a business expense…because they generate income, that generates employment, that generates…[Read more]

totally agree with you cata

my cleaner works 1/2 hr a day 5 days a week makes $13k a year
thats $100/hr cleaning……. ridiculous

the sooner these IR laws come in the better

i reckon…$1.50/hr is heaps…thats double what they get in China….

No real problem DLPP

all you’ve done is strip away the galv protection….
but it will take a few years before the rust comes thru…

is it close to the beach???
oh dear
that might only be months….

Look

whats going on here…….

how many gurus can we take

micheal yardney….
“Frankston has had its run and their is little to push property values up in the near future.”

Greg Hocking..director Stuart Hocking
“”Frankston’s a sleeping giant”
(the key..sunday herald)

two many gurus spoil the bro….the investment….

thats a 180 degree…[Read more]