I don’t know if anyone has said this already, as there are too many replies for me to read at the moment. If you can find pos. cash flow i.p.’s all the better, buy as many as you can, but if you can’t, don’t be put off. Negative gearing is a wonderful thing, as it is better to pay interest and end up with something, than to pay tax and end up…[Read more]

I think you may have made a mistake with your incomes, if not, you shoudn’t be selling you should be buying more.

Re: Your Question.

It doesn’t matter how much you owe, it’s how much Capital Gain you have made after two years.

I tried to do the sanding, but it’s too hard – had a handyman with experience do it, then I did the varnishing.
This was very easy, with a soft broom and a semi gloss floor varnish.
The floors look a million dallars.

Thanks, I thought about that.
Son not mature enough to have full control yet.

i have always worked on, how much do i need to live on, and everything else is surplus, and can be used to service loans, plus the income from any new investment.

then just divide that amount by the interest rate and that will give you a good idea.

eg; income 60,000/a
need 40,000/a to live
surplus 20,000/a
divide 20,000 by say 7.3% fixed for…[Read more]

I too was just reading like wizz, and was so impressed with your information.

your a fairdinkem champion dave.

thanks

why not draw to 100% value of your i.p., pay off your ppor and then the whole lot is deductable, without the worry if the f#*^?#@ a.t.o agrees or not.

don’t tell them, just ask how much rent you could get, and work it out yourself.

most agents are too busy, or too lazy, or too stupid too know this sort of stuff.

i have had the same experiences with salespeople.

i work out what i think it might cost me to bring it up to scratch, and offer that much less, it looks like you know what you are talking about, and they start thinking you might just have a valid point, and hopefully meet your offer or come close to it.

contact the real estate instute in your state and the office of fair trading and find out what to do next.

i used to be a prop. manager, and i am still in shock of what has happened to you.

jars – if your paying that much tax, you should be buying more and more properties – neg geared properties and let the tax man pay for them, and then you can cash in on the capital gains.

i was only paying 30 grand tax, and i managed 8 ip’s, so just imagine what you could achieve with 200 grand in interest instead of tax.

please don’t limit…[Read more]

if you don’t care if they leave, tell them you have done everything you are required to do and that is it.

if they are good and you want to keep them, calculate the extra expenses and tell them they will have to cover the interest and expenses on the extra borrowings.

reading all these books is well and good – but you have to put what you’ve read, into practice.

steve’s and jan’s books, i find the best.

don’t just know it

you have to do it.

i hope your a female and which part semi naked.

i’m a lesb*#%, so my goal is semi nakes females all around me, that own lots of i.p’s. and i can live off them.

don’t get too caught up on pos. or neg. gearing.

if you find a + geared prop. buy it.

if you pay a lot of tax and would rather pay interest than tax, and you find a – geared prop. buy it.

don’t let all the hoo haa slow you down, if you can afford it, buy it.

i use another vacancy rate of my own.

when i work out if i can afford a property or not, i work my rental income out on a vacancy rate of 4 weeks a year that it may be vacant, so that if you do have a short period vacant, you can still afford it.

it’s always safer, than assuming your property will be fully rented all year every year.

have more than a dozen, all neg-geared, started in 1987. slowed down a few times, now reading steve’s book and will be starting again. it’s become a very profitable hobby for me.[]

thanks doogs, that was very interesting, gives me all the more reason not to pay loans off quicker.

i’ve always used any extra money to buy another property.

thanks for reminding me i was doing the right thing.[^]

that rate quoted is the same as real estates charge commission in selling a property – it works out close to 3 % overall.

How rich and how busy are you that you are willing to pay 6 grand or more for a few hours work.

sorry to be so rough, but someone had to knock some sence into you.

the return from commercial or industrial is usually higher than from residential, but the risk is higher, the bank will usually only lend up to 65% of their valuation and if your tenant leaves – lease or no lease, it may be difficult to find another, reducing the rent by $10 will probably not help as it does in a house.

remember as always the…[Read more]