Forums

September 6, 2003 - 2:03 am

Hi I don’t know alot on the subject – ut I do know that Land Tax varies from State to State and NSW seems to have the highest land tax from what I gather. Perhaps on some of he governonment pages you can find information.

September 6, 2003 - 1:54 am

I had to ge an ABN to do some overseas work a couple of years ago and I don’t believe you pay anything. I still have the ABN number although I don’t activiatley use it at the moment. I registered on line. You should check out the government website – as they will ahve all the information there[

September 3, 2003 - 11:01 am

HI am I 28 – I brought my first IP when I was 23. I read an article about how the 20 somethings are getting more into property than shares these days – seems to be some truth in that in the ages of investors on tis site.[

September 3, 2003 - 7:50 am

Not all of us work during the day!!! I’m still at work (on a break) and will be until 11pm as I am most nights! At least I get most days to myself though – can be handy. You are not always stuck in long cues because you can go outside lunch breaks!

September 3, 2003 - 6:51 am

Wow – I was just looking into this yesterday. I am reading a book by Brad Sugars that talks about Rich Mastery. As they want so much money from their mentoring programme it makes me nervous – I have written an email yesterday to their website and am still waiting on a response. I’ll let you know what they say.

September 3, 2003 - 6:46 am

I have 3 IP – 2 +ve geared and one neagtively geared. We purchased our first in 1998 – I really want to become more aggressive so that I can produce an income stream so that I can stop work and have our children and my husband & I don;t have to stress about losing an income.

September 2, 2003 - 12:16 pm

Wow – those 8 pages were an inteesting read! I don’t believe anyone is in my industry (except maybe the comedian!) I am a Stage Manager in Musical Theatre. This site has been very helpful to help me think through and come up with better plans. This was a great idea to get to know one another – nice question!

August 23, 2003 - 6:33 am

Calron The Alcamist

Thank you – I just read about about your successes in property investment and you have inspired me again. My husband and I are 28 and have 3 IP – but no home as yet. I know that if we sell some investment properties – buy our home and start again with investment properties – that we too can find Postivity geared properties and I can stop working and we can start thinking about baby palns! Thanks for helping me focus again and know that it can be done

August 23, 2003 - 1:20 am

Thank you for your responses – I realise now that paying off IP so quickly is not always the best thing. However, I know that by selling off 2 of the three IP we will be able to buy our home and then start again with further investment properties – all is not lost!!!

Melanie – We have never lived in any of our investment properties. And we have never purchased our own home.

Instead of plugging money into our IP mortgages – what would you suggest we do with our savings???? At this point in time we are able to pay off a huge chunk each month as our expenses are down and our IP are our only loans. I know buy not paying our mortgages off it will be better for Tax Deductions. I suppose we never something that will yeild more than we pay in interest rates.
Any suggestions?