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  • Profile photo of karlm63karlm63
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    May 22, 2015 - 11:37 pm

    Maybe he is a SLOW learner and it takes more than once to explain and grasp the concept of structuring for Property investing ??

    • This reply was modified 9 years, 6 months ago by Profile photo of karlm63 karlm63.
    • This reply was modified 9 years, 6 months ago by Profile photo of karlm63 karlm63.
    Profile photo of karlm63karlm63
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    June 13, 2012 - 11:45 am

    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

    Profile photo of karlm63karlm63
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    December 10, 2011 - 10:29 am

    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
    karlm

    Profile photo of karlm63karlm63
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    November 20, 2011 - 10:54 am

    Thanks 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 ideas

    Thanks karlm

    Profile photo of karlm63karlm63
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    November 20, 2011 - 10:26 am

    Hey Terryw,
    I have no idea what NM is talking about.
    That is mumbo jumbo to me !!!!!!!!!!!!!!!!!!
    Please explain

    All 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
    karlm

    Profile photo of karlm63karlm63
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    September 13, 2011 - 10:55 pm

    Hey 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 karlm63

    Profile photo of karlm63karlm63
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    September 13, 2011 - 10:29 am

    Hi 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………..

    Profile photo of karlm63karlm63
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    May 17, 2011 - 12:57 pm

    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 together

    Profile photo of karlm63karlm63
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    February 17, 2011 - 7:19 am

    Hi All,
    So if the rates notice is the value for the land how can they purchase the house for that price ?
    Thanks karlm

    Profile photo of karlm63karlm63
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    February 6, 2011 - 12:28 pm

    Hi DHCP,
    Could I have a copy of that excel spreadsheet that you mentioned with CG ?
    Thanks karlm63

    Profile photo of karlm63karlm63
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    January 28, 2011 - 11:33 am

    Hi,
    I am interested in buying as well ?
    Cheers karlm63

    Profile photo of karlm63karlm63
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    January 27, 2011 - 1:03 pm

    Hi 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 karlm63

    Profile photo of karlm63karlm63
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    January 24, 2011 - 9:20 am

    Thanks 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 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Profile photo of karlm63karlm63
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    January 24, 2011 - 5:23 am

    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 ??????

    Profile photo of karlm63karlm63
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    January 24, 2011 - 4:25 am

    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 karlm

    Profile photo of karlm63karlm63
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    January 22, 2011 - 10:36 am

    Thanks for the quick replies,
    So where do I find this info from ?
    karlm

    Profile photo of karlm63karlm63
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    January 19, 2011 - 9:57 am

    Hi 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 karlm

    Profile photo of karlm63karlm63
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    January 8, 2011 - 12:41 am

    Hi 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 karlm

    Profile photo of karlm63karlm63
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    December 31, 2010 - 11:10 am

    Hi 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 karlm

    Profile photo of karlm63karlm63
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    August 12, 2010 - 1:54 am
    Evolve 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

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