Forum Replies Created
Hi Mike
Thanks for your help with the report. I put in an offer in that location on Sat 9/6/12 and the offer was accepted by the Vendor. Right now, am having an anxious wait for the Contract of Sale to be ready before we can sign.
Thought I compare my layman research and estimates against what professional research firms like Residex have identified as current value for my, hopefully soon to be, first IP.
Many Many Many Thanks
Hi Skippyz
You mention that you and the misses refinanced home loans from St George LOC package to a 100% offsett account.
The question I would like to ask is
For your every day expenses do you use a credit card ?
When I mean by everyday expenses, your bills, shopping, petrol etc !!!!!!!!
The reason why I am asking is, Deb and I have a St George LOC package at the moment and we are looking to refinance to a 100% offset account type home loan which I think is the better loan of the 2.
We dont seem to be making much headway into this loan at all with this LOC St George home loan.
We have had this loan for about 7 years and it seems like we are chasing our tails all the time.
Im not sure if its the right type of loan for us at all.
Thanks and cheers
karlmThanks Terryw
That makes a lot of sense now
It looks like I will be shopping around for a good deal on an 100% offset home loan
Any ideasThanks karlm
Hey Terryw,
I have no idea what NM is talking about.
That is mumbo jumbo to me !!!!!!!!!!!!!!!!!!
Please explainAll I know is I have a LOC St George home loan
WE have had the loan for about 6 years and not much inroads into the loan
Which is the better loan to have the 100% offset or the LOC for investment purposes
Thanks again
karlmHey Mike,
Thanks for the very informative property report and all under 1 hour !!!!!!!!!.
How professional is that !!!!!!!!!!
What a champion.
Thanks again Mike
kind regards karlm63Hi Empty vessel,
I also am a client of Destinys.
How do you find the software that they provided……..Destiny Track !!!!!!!!!
I find it a little difficult to make sense of………..Thanks Jamie for the quick reply,
I have a LOC with St george am I able to have a offset account with that.
Is that the way to go or just change the home loan al togetherHi All,
So if the rates notice is the value for the land how can they purchase the house for that price ?
Thanks karlmHi DHCP,
Could I have a copy of that excel spreadsheet that you mentioned with CG ?
Thanks karlm63Hi,
I am interested in buying as well ?
Cheers karlm63Hi Mike,
Thanks for the reports, made 2 successful offers .
2 out of 3 aint bad hey !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Without those reports I would not been able to offer anywhere close to what those reports showed.
Keep up the good work,
Cheers karlm63Thanks everyone for the replies,
I better start and put some sort of list together and start buying property.
I still have not a clue about this list yet but 1 thing i do know is positive cashflow is the go !!!!!!!
Thanks again karlm
TO BE CONTINUED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Hey all,
So what about the 20 questions that Margaret Lomas uses which is in her book of 20 must ask questions for every property investor !!!!!!
Sorry if I sound blond ??????Hey DHCP,
Thanks for the reply,
I am confused about the actual questions for research that everyone refers to.
I have got those 20 Questions that Margaret Lomas uses in her book.
Is that the type of questions for researching property that you people refer to as due diligence.
Thanks karlmThanks for the quick replies,
So where do I find this info from ?
karlmHi all,
One thing I did forget to mention is the type of loan I have is a line of credit, portfolio with St George.
Thanks karlmHi All,
I have that cashflow 101 board game and it is an excellent guide for investing purposes.
My question is I have run out of the pad for the financial statements for the game, where can I get a refill of these pads from.
Thanks karlmHi Ipalad,
Mate it is ok to say that my crystal ball is http://www.residex.com.au but which report is it, the name would be good there are so many reports on that site !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
Do you subscribe to it ?
If so how much do you pay !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thanks karlmEvolve wrote:Hi Cookie Monster,Well, assuming the depreciation relates to the investment property, then the expense is connected to the receipt of rental income – so the accountant has it right – it definitely goes with all the other expenses relating to the property.
Where else do you think the depreciation would go?
Would you like me to tell you exactly what labels the capital works and capital allowances deductions go under on the rental property schedule?
If you pay peanuts you get monkeys – what if you pay cookies? I will check your return for cookies if you like. I am serious.
Good luck
Evolve
hi evolve,
Simple question simple answer
not the way you have replied
get it right I am a leaner
With an answer like that does that put you on top of the heap for idiots !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Thanks cookie monster