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 with nothing.

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.

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 7 years
= 274,000 roughly.

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.

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.

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 yourself to only positive geared or cashflow ip’s, you could be doing so much more.

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.

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.

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.[]

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.