Hi,

Very good question, This government is a joke beyond belief, its main purpose is to punish people who work more or harder.
Also the government believe they have the right to punish people who are wealthy.

People dont become wealthy because of luck just simply hard work..
Unless you win the lotto of course…

Oh if your a junkie thought your…[Read more]

I am the same as Terry, 1.5 Million…
But getting the month if some thing happens from the life insurance companies is the challenging part.
So many people dont even get paid out.

Hi Scotts,
If the property was receiving an income at some time then CGT may be applicable – How much for what portion best to talk to an expert.
When the property was "treated" as an IP did you ever lodge a tax return with your properties?

Hi Scotts,

I would be contacting your accountant and get some advice… Thats the best and easy way.

Hi,

How long are you planning in living their? My question is this.. Sure you might get some tax benefits now but if you sell you have to pay capital gains..
If you are intending in living their you might as well keep at your own property and pay no tax if you sold it later on.

So my questions is what is your future goal with this property?

PS i managed to get a 50% lease reduction on our shop i was only 2 years into our 6 year lease lol so anything can happen!!!
PS I didnt even use a solictor hahaha

My gut feeling is this, If the tenant is struggling finically right now then "there are signs" that they might look else where in AUGUST.
So maybe reducing the rent for the time being is a good idea but as the guys suggested ask for a 6 month extension on the agreement.
If the tenant does not agree to this then this is a sign that their intentions…[Read more]

I would agree with Terry, from my point of view I have noticed rents decrease (only talking about melbourne).
if you can extend here lease as well that would be great but I am also thinking this
why are rents decreasing in your area? Why are there so many houses for rent?
In the future do you rents increasing or decreasing further in turn…[Read more]

Hi togs
Firstly hopefully you are feeling better? Health is a very important aspect of life so make sure your stress levels are under controll 
i can vouch for terry he is a experienced member within this forum but he is also good at what he does

I have a few questions though:
1) Since this is your first project are you better off doing this in…[Read more]

Not at all!!! Melton shire council are not looking good, a new train station was meant to be built in Caroline Springs when it was first being developed and once all the lots got sold and houses where built suddenly Melton pulled out and said no station.

Hi,

I have sold allot of real estate in Melton for a number of years (Not any more though), Melton is a area I wouldn’t look at for capital growth, sub division or even passive income.
What are my reasons?
• Allot of land available – more than enough
• So many areas being developed around Melton – Allot of house and land packages available with…[Read more]

I have personally always bought by my self,  every one will have a different view.
Speak to Richard and talk about structures…
we have some assets as huby and wife, some assets under a trust And some under my own name

Ppor : principal place of residents 
Hard times? Nope – part of who wwe are

If you need anything pplease let us know

I think most of us have started with no savings or assistance.
Your first property  is the biggest challenge, I started at the age of 21 only 7 years ago.
I worked two jobs plus I was studying at night.
7 years later my wife and I have our PPOR almo st paid off, our dividends from our shares cover our repayments and we have another ip which…[Read more]

Hi guys,

Been here or a couple d days in good old chile seen a few properties but nothing thy ticks our boxes as yet,
I was looking forward to catching with you Richard in Melbourne but go rreally busy ,
Will catch up when your back in melbourbe 

Hi Andrew,
Being an ex real estate agent I have a couple of questions:
1) Is their a reason why you have put this property for auction vs private sale – Not saying its bad but the question is why?
     – From my point of view (I could be wrong) auctions are great when the market is cooking, but allot of buyers are very conservative ay the…[Read more]

This is a very good question Kevin…
I think it depends what you call and what you think successfully is?
Some people may only do a couple of deals in their life time and become very wealthy from it and some may do allot of transactions and be successfully too.

I think the key is this, even if you are not "currently" investing in property the…[Read more]

Freckle makes a good point reading the market from reading or taking classes won't help
its an art that must be learnt with time and practice 
i have bought three different properties in two different cycles and still did ok with all three purchases 
i sold two at the end of the boom but are you looking at a particular area?

Go to as many open…[Read more]

It's only a small goal but for our age it's a great goal.
Cost of living is so high you always need a good income coming in though.

Where not sure what we want to do next , weekly be going to Hawaii in two weeks time and we will see what the next step is once we have a clear mind.

I love property but I don't see any value in it at the moment!!!…[Read more]

Facebook is only another channel to expand your brand, but a question you should ask your self is this?
if you use Facebook your self how many times have you purchased a product or look into a product that you have seen on face book ?
Alternative healthy product,? Maybe spend some time promoting your product at a market stall  or  even at a trade…[Read more]

Haha my wife and are planning to not have kids, call us selfish but at least I'm honest lol
cost of living in oz is increasing by the day
But having a PPOR loan being serviced by another source of income / assets is a great feeling g