old dazzling, you took the – you’ve got to be cruel to be kind approach.

everything you said should have been taken as encouragement.

don’t spit the dummy, we all help in our own way.

It’s better to pay interest than pay it all in tax, at least you end up with something, with little pain.

220/w on $174,000 gives you 6.57% gross return
you still have to take out rates, insurance, repairs etc
after you deduct these, what % return will you get.

Ask the Fire Brigade if they want to use it for exercises and get them to have the council clear the block for you, because you have so community minded.

You don’t know, if you don’t try.

Allow $25,000 per block, thats what we do.

I live in the so called bush, a hundred k’s from Cairns in North Queenaland.

My calculations:- you may only get about 70 allotments out of 80,000 M2, all depends on the size the town plan allows.

3.5 – 800 M2 blocks per acre, and 80,000 M2 = 20 acres.

I found RACQ very cheap and if your a member you get extra discounts.

in my experience the rent offered in the rent back period was well over market value, and after that, the return on my ivestment wouldn’t have been enough, so I didn’t go through with it.

don’t go paying good money to some wan#*% to tell you what you should do, ask here, at least most of the people here have done something, most advisers don’t even have a portfolio themselves.

The Shire or City Council will tell you.

Even try your local surveyer, they know most of the rules and should know what can and can’t be done.

NOT A BROKES – JUST A BORROWER

From my experience.
Banks prefer residential, and lend the most on them.
Commercial is around 65%
Rural 50%
I have all three, for various reasons, but reseidential is the safest for you and the banks.

borrow as much as you can, and keep your own money for a deposit on another property.
i m o, interest only loan fixed for 5 years.

rent money is dead money, it’s not deductable, nor are house repayments, but the house will be yours and will increase in value over time.

If you have money left over after living exp. and repayments, this will help you to get investments, and you don’t even need that if you find CF+ properties.

I wish I could think of a list for you southeners, but alas I’m only a Nth Queenslander

Westpac would only lend me 50% of value, if it has a house on it they may go to 60 or more, if it’s more residential than rural, they may go to 80%.

If it’s not going to kill you, don’t worry about it,
and some say it’ll make you stronger.

This always help me in stressfull times.

The funny thing about common sense is
it’s not very common.

You should always pay of undeductable loans off as soon as possible.
Depending on your income and how much you need to live on, you can still buy an investment or two.

many investors manage their own investments, I do my own and always have done, it can be very sole building or destroying.
It doesn’t take a great deal of time, so it’s not a full time job, unless you have 30 or more.

please explain

not funny like some, but unfortunatly true.

The only thing we have learnt from history, is that we have learnt nothing at all.