One more idea is to contact Steve McKnight for permission and compile all the informations in this forum as questions and answers and publish it as books and sale it in the book stores.
Below is not my idea, but I like to share with you guys.
If you buy -CF property then you will need money to support your IPs which is from your own pocket. One way to turn -cf property to neutral is to buy shares and write a covered call against it (Peter Spann). You will get a monthly premium and use it to pay your -cf property. To do this then you need a large capital in which I don’t have at the moment.
can I buy an investment property in the mean time and still claim the FHOG or do I have to wait until settlement???
I am pretty sure you can still buy IPs now. Once your PPOR is settle which is in October 2004 you still be able to claim your FHOG. When you buy your IPs you own the IPs but you never live in it therefore you still able to claim you FHOG.
Below is the question and answer from OSR FAQ:
Q: I have owned an investment home previously. Can I still be eligible for the grant?
A person is not eligible if they or their spouse (including de facto spouse) has had a relevant interest in any residential property in Australia prior to 1 July 2000, whether they live in it or not.
However, a person may be eligible if they or their spouse (including de facto spouse) has only ever had a relevant interest in any residential property in Australia on or after 1 July 2000 and they have not resided in that property. http://www.osr.nsw.gov.au/portal/page?_pageid=33,63440&_dad=portal&_schema=OSRPTLT
If the government change the system so can you. If the system tax you on the way in, tax while you are in it and tax on the way out for IPs then think creatively.
There is no point of complaining and I am pretty sure it won’t change a thing.
Pisces,
I support you and your opinions, but I don’t think I will wasting my time trying to stop the system from going ahead.
This could be a person question, you don’t have to answer it if you don’t want too.
To me, it seem that you find a lot of properties that you mention about. Do you invest in those areas yourself? if so how many of those properties you got? why didn’t you buy more?
For me if I see the opportunity that you saw I will jump straight into it. I would love to do the deals with you, but it seem the areas that you found those +cf does not fit into my criteria.
Good luck.
Originally posted by DAAJ:
Investment proffessionals i put to you a challenge.
Can anyone think of a way to make $1200 (Not Net)per month each month of the year with only $80,000 to invest with? eg,property ,Shares ect.
[trigger]
Dom
Dom,
If I have $80k then I will spent $3000-$5000 learning super-trader from Peter Spann & other. I will spend $20k for +cf. The rest I will sit in front of computer all day trading shares and options.
The best way to invest in NSW property market is to buy & hold (never sale). Draw down the equity and live on it and as Kay said above “buying properties that I know will still stand up until I die “.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]
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