Stargazer,

Hi What a daughter: one who saves $150 pw ( I have two kids: a son almost 21 and a great saver who will be settleing on his 2 nd. IP in a couple of weeks, and a 18 yo daughter who finds its very difficult to save a dollar(too many clubs to see).

I would recommend that your daughter do the following:

1. Deposit her savings into…[Read more]

Wallace,

Great info.very interesting

Would u be able to provide some real figures etc.

Thanks,

hrm

Hi Steve,

This has probably been covered but I would like to something on: When To Sell/ Not To Sell

How to evaluate an IP after you have owned for a period of time taking into consideration:

how much equity u have;

cash on cash return;

if it has dropped in value, should I sell, or should I hold ;

and the temperature of the market at the…[Read more]

Megapass,

I think u were on the right track: go buy aPPOR and use the FHOG.

Stockmarket: very easy to get into, very easy to do your hard earned money, very easy to take afew $ out for whatever, and very hard to save again.

Buy your PPOR and no doubt it will be _ve cash flow however, maybe rent out a room or two;improve / add value; over time…[Read more]

Hi Pasandbec,

Just read your other post on your work mate.

I think you should do the written complaint to the Big Boss. Nobody should have to put up such an aaaaaaaaaa.

You could nominate for Union Rep to get some extra income too!!!

Don’t let this bully get you down just borrow his tools (without asking) next time!![biggrin]. Good luck.

hrm

I like the idea of doing extra work for $, and it keeps you away from shops etc so you spend less, hopefully.

Do some reno work eh, then why not do some reno stuff or handyperson jobs for cash in hand!

I remember my first PPOR, I worked full time, had a part time job three nights a week plus was going to night school 2 nights, plus doing some…[Read more]

Hi Colobok,

Started writing a responce but there are too many senarios..Mr. MR and Mrs , Company , Trust etc.and what state.

The quicked answer would be to contact your conveyancor or solisitor.

hrm

Hi All,

A minor issue to assist with cash flow could be depreciation, how much depreciation could you find on a$1.3M proprty? Mostlikely a heap more that #4,300 per year.

hrm

Lyn,

It’s great that your sons want to buy property.

I understang your fears of putting your home on the line. Maybe the sons could get aloan from another lender,, maybe they should see a finance broker or maybe they need to save some more before they can get aloan, maybe the parents could give a grant of some $.

Hope you find a solution, good…[Read more]

Hi Dazz,

I guess we are on first name basis, great.

Yes just had alook at “Tell a Tale”. Never had / made time to read these, I will make time in the future.

Your posts are inspiring (without p155 ing in your pocket) great stuff, the reson that i have not ventured further into CPIs is, I guess lack or knowledge and guts.

I would like to learn…[Read more]

Hi Dazz,

No, I’m not offended.(****%%%$##)

No, not a legal person nor nit picker.

Jusst here to learn and hopefully give some advice when and where I can.

I guess I’ll have to get used to your unique style and tone.

I do find some of your posts informative and ammusing at times.[biggrin]

Now about my CIP.

Bought a factory in 2000 at…[Read more]

Hi All,

I have bought 3 residential props and 2 retirement units using Barter $ as deposits.

From my experience alot of Bartercard properties appear to be very very expensive. You need to get your own vals.

I am a trader of Barter $ thru my business (automotive) to purchase goods (at top price) but I also get extra jobs for top dollar. I find…[Read more]

Hi Dazzaling,

Don’t be confused.

No. Not saying ALL non resi stuff is too good to be true.

No I’m not beating my head against a wall.

Surely you would agree that $730 / week for a low $200K property is an incredible return (almost 17 percent for $225K)for residential, or for any property.

My reply was not intended to offend others. It was…[Read more]

Starting a new job in a week.so he’s still at the old job, then:

Do u need to tell the lenders that he is moving jobs?

hrm

I’m renovating at the moment, almost finished. we are rendering the old brick look a like.
It looks sensational, clean lines, fresh modern colour. Cost is not cheap about $50 a sq m.

Good tip provided by G7, colour is very important. Ring around the local paint shops to see if they have any deals going for a colour consultant and discount off…[Read more]

Matt,

It sounds too good to be true. Must be non residential.

Good luck and keep us informed of your progress.

hrm

How would you feel if your landlord was to hit you with a 15% increase.

Perhaps the tennant has been getting cheap rent.

Terry’s suggestion appears fair 7.5% now and 7.5% in 6 months or something similar.

If they are a low maintenance tennent (i.e. minimal maintenance costs) then I would make the increase as low as possible.

These are my…[Read more]

Hi Camma_20,

You said:

One option i did think about was buying a house to live in and renovate at the same time.
Great way to start. You have say $10K, plus if you are eligible for the FHOG ($7K from Jonnie and $5K from Braxie) gives you a total of $22K.. You also need funds for Stamp Duty and conveyancing costs.

You’ll need a few more $K to…[Read more]

Yasmina,

You could ring around to a few agents posing as a tennent to find out demand ,rents etc.

hrm

I’m no solisitor, but the advice received from your solisitor appears……….

I would seek advice from another solisitor and/ or the local council immediately.

hrm