bbruham,
That last post was fantastic.I’ve worked it out.
You have nothing what so ever with property investing have you? You are one of the writers for the Miccalef program on the telly.
I bet you and your fellow comedians are rolling around the floor with in howls of laughter at the thought of all these well meaning people on this forum taking…[Read more]

Hi all,
Welcome back Westan,sounds like a very fruitful trip to NZ.I was pretty busy down your way while you were away.Bought in Ararat and Portland.
Checking out regional areas has been a real eye opener plus a lot of fun as you get to have a holiday while working.
I agree with the sentiments being expressed in this thread.Lots more investors…[Read more]

FW,
Hi,
“What’s wrong with thinking like a switched on prop.investor?”. Well,nothing if you want to, she just does’nt want to HAVE to.
I happen to love investing and have done very well out of it and secured my future,but there are people who would rather direct their energies else where and who would be happy with cheap affordable housing that’s…[Read more]

Sooshie,
See what I mean though,she’s being driven out of town into a dump.Away from her work, family and network.She’s being made to think like a switched on property investor just to put a roof over her head.
Actually if I may digress a little, when I posted this thread, i was really exploring the ramifications for future investing given the…[Read more]

EZ-RENT
Hi,
I downloaded the spreadsheet last night and am impressed.However i have a question.Can you generate reports linking multiple profiles/properties for an overall portfolio snapshot?
Thanks for offering it for use.Very nice!
Joff

Brendan,
Decisions so often come down to lifestyle v goals
But here’s my thoughts:
Keep your unit at all costs.It’s in a terrific area and will grow in value no question.
A “lovely” home in Sth Frankston is also worth keeping as this area is still Melbourne’s best kept secret.
So what about the problem? Well, without knowing your financial…[Read more]

Hi Brendan,
2 questions:
how much do you owe on each property?
Where in Frankston is the unit
(I too live in Frankston,I also own 2 ip”s in the area.)
Bye
Joff

Hi all,
Property investing is very much a people driven activity. One transaction relies on the interaction and coordination of many people.Indeed, once the sale is made the buyer and seller in a sense become mere observers of a complex set of arrangements that culminate at settlement.
It is only recently that I realised that deep down I enjoy…[Read more]

nghia76

From a legal point of view I dont think you have much to worry about.You are not actually selling your unit so CGT wont be due.This is just a simple refinance. Your accountant should be able to answer this for you over the phone.
One thing I would say, be up front with all parties (bank/ accountants/solicitors) concerned as to your…[Read more]

Steve M,
Pure politics at work.First day in the job for Mark Latham.What does he doe for some profile?
Jumps on the issue of the day.Makes what he knows is a contentious statement and sits back and enjoys.Silly Democracts fall for it and help him get more press.
Dont worry, more liberals vote labour than liberal party.
Bye,
Joff

Tassie investor,
having read your last post I can see you have given this a good deal of thought.So that means I change my attitude a little.
The traps i was referring to are the notion of living off equity and forgetting the old maxum, that there is no such thing as a free lunch.
You dont mention your age, and that obviously effects any future…[Read more]

Sheesh people,
Get a grip.The only sense in all that was from theENJOlady.They are the sort of get rich quick attitudes that send people scurrying off to expensive seminars hoping to do it all overnight.
My strategy is to build assets and reduce debt simitaneuosly and retire early .
(and i am bang on target at the moment.)
Tassie, your plan while…[Read more]

Mala,
Well,all that advice you won’t get at seminars.
The retirement units I mentioned are available all over Melbourne and what i said about them is true,but you still need to do your own research.Try visiting your local Real estate agent and tell them exactlywhat you are looking for.Write down your requirements first(based on your exaustive…[Read more]

Mala,
You can’t go past the advice offered by peterb.
My experience has taught me that most of these courses are GEE UP sessions designed to make you feel that you are suddenly the next Warren Buffet.
All the info you need is right in front of you.Free!
He’s a bit.

1.Get friendly with a real estate agent that you won’t be buying off.Good for…[Read more]

Hi Roslyn
I just did much the same thing with my bro inlaw.
We went halves in a retirement unit in Carrum Downs.We both have our own property portfolios but did this one together for reasons we now both can’t remember.Any way we set up loans for half the purchase price each (which in my case was a top up of my rocket investment account with…[Read more]

Hi Louise,
Well, you cetainly got your monies worth here today.Lot’s and lot’s of good advice and most of it correct depending on the angle the advice is coming from.
But 15k!!!!sheesh, buy me dinner and pay for the taxi home and i’ll explain all.I had purchased 3 ip’s before i even discovered this or the other forums and have not attended any…[Read more]

Chark,
By now you are probally already aware there lots of variables in investing, all according to your goals.However,in my humble opinion,the bottom line should always be return on outlays first followed by capital gains.set yourself minimum returns you are prepared accept in order to stay positive geared, then look and look till you find
a…[Read more]

Hi Westan,
Horsham eh,I just returned from a study tour/holiday through the western districts.Had a look at the property in Portland you mentioned Westan, thanks anyway, but it didn,t quite fit my stategies.We also purchased in Horsham and consider ourselves lucky to have found the property that we did.
For anybody who is interested in getting out…[Read more]

GIDDAY,
I have commission homes in melbourne. they have been exellent investments because of the purchase price.I have had no trouble with renting them and thanks to a good agent they have been trouble free. However, make sure do your sums, cause the bargains in this type of ip are harder to come by than a couple of years ago.
If it doesn’ give…[Read more]

HI,Michael.
Yes my properties are p@l. I am still not convinced that interest only loans are the way to go. Yes, I know, interest only loans free up cash flow, but unless you are very disciplined and working to a strict budget the bit extra you get i would rather put back on the loan. when i get a bit older and start wanting to really up my…[Read more]