Forum Replies Created
Hi Lozza
I was working out their repayments on 8.99% P&I, but ours is on 6.99% interest only.
I’d just like to point your quote above. I seem to recall in one of Steve’s newsletter about doing a Wrap where the wrappee pays P&I, whilst you pay IO. Please correct me if I’m wrong, but I thought he mentioned that this may be illegal.
Or I may have just misunderstood what you meant.
Just thought I’d point out a potential problem before it hits.
Take care
InCJohn [tired]Taped the show, and just saw it tonight.
It was a great show and really showed Rick’s personal side.
Funny, the seminar Rick attended in Las Vegas, they were the same people that did a similar show in Sydney a few years back.
I also felt that these people were great story tellers, but like Rick said, had no substance.
I could not believe how people started throwing money after each speaker spoke.
I saw Wright Thurston, Hans Jakobi, who were 2 of the salemen on stage.
I was very happy for the young couple, on the programme, who finally had the courage to take action and implement the knowledge recieved.
Inspirational!
Good on ya Rick…[specool]Rickster,
In regard to the original query re tenants thrashing ur property, wouldn’t landlord’s insurance cover it?Hello Everybody,
Just a quick question for anyone.
My understanding regarding claiming tax deduction on property is linked to your Marginal Rate of Tax. ie you pay less tax than you would otherwise have done if you had no investment loans/cost.
If the property was held in a trust, then it would be looked at as a separate entity, does that mean you can’t claim back the tax to offset against your own personal income(salary)?
Hope that wasn’t too confusing.
It’s all new to me.
Thanks
John [8]Hi Rickster,
I actually live in Mt Druitt. It’s true that the area can be quite rough, so was most of Blacktown, which Mt Druitt is a part of, but improvements are showing.
It used to be the place where all housing commissions used to be, not bagging the people in those houses, but if you think demographic’s important, there’s my 2 cents.
However, with the structure of the Western Sydney Orbital, the prices have been skyrocketing.
You could have bought a Brick Veneer, 3br, 600m2 block for under $200k 18mths ago, now it’s more like $300k.
A lot of residential developments are going up, and Blacktown Marketown is expanding.
It’s a nice place to live in now, crime rates have plummeted.
It might be a good place for lease options or wraps coz most people I went to school with are renters, and so were their parents.
Typically good with paying rents, but not good savers so they can’t get deposits.
Sorry, didn’t mean to write a book on the subject
INCjohn[^]
