Forum Replies Created
Julie,
Here’s a couple of questions/comments you might like to think about.
* International airport? Says who? Is it rumour or fact? Look it up on google.com.au “news”. If it isn’t in there, it’s probably rumour.
* How old is the house? Does it need repairs? Structural problems? What is the land value? If you need to do repairs, how will that affect your rental yield?
* How many more years does the precious mineral being mined have left? In some mining towns, the mineral only has a few years left in existence. You can find all of this info on the net.
* One hour from the beach is a long way. It’s hardly coastal.
* Is the premises already tenanted? Have you been told it is market rent, or is the rent comparable with other premises in that location? Sometimes RE agents will tell you a particular rental, but it isn’t the same as the actual rental that can be achieved.If it feels right, and the house is in good nick, and you feel there is potential for the place, and the numbers stack up, why not go for it?
50k is not too much to lose.kay henry
Success to me is…
Having lots of love in my life.. living with integrity and being myself and trying to be the best person I can… caring about other people who I love… being happy… having self-respect…
I I can do all of the above, then I feel like life is fantastic
)) And work, family, relationships, investments all come into the above Scremin- thanks for asking the Q- it’s a nice one
kay henry
Ray and Lizzy,
Dunno about consensus- I am an independent soul :o) Look, if we could all afford our own home and invest in as many IP’s as we’d like- who wouldn’t?
I rent, I really love the area I rent in, and if I had to buy in this area, I would be living in a drain. It’s the only way I’m used to doing things. I’ve been renting since I was 19, and maybe this is life for me- I don’t mind (except that, much to my horror, I am having a RE inspection next month- how weird!!)
Lizzy- I don’t have a devotion to pozz geared property. The way I work it is like this. I love RE [blush2] and if all the property I have was yileding 10%, well, that would be fun
But there are so many places for sale, that I pick what I want to get. Location, year of property, rental yield, etc etc are all fundamentals to me. But I am not gonna buy the cheapest property I can find because of the rental yield. So I buy what I like and what I can afford ) There is nothing complex about it. I am not opposed to, nor am I in love with neg or pozz gearing. I just buy props that work out for *me* Property invesing is such an individual thing, I reckon I fall for hte property, not the ideology kay henry
Even if the shoebox has really nice shoes in it, MJK??
My accountant has been working with me foe years, and knows exactly what he’s doing- bloody good man, he is [king] Whilst i don’t turn up with a shoebox full of receipts… I do pay him to organise my finances for me. Just like I pay a hairdresser to organise my hair. I don’t chop it off myself before I get there so he’ll think I’m organised.
I do admire people who do their own taxes though- not something I engage in
kay henry
hehe Brenda- re the shoebox
My main aim this year is to reduce my CGT liability- I wonder if i can get it down to nothing, and still get back a fat tax cheque?To do that, I think i’d have to not only give my accountant the shoeboxes, but also lots of nice new pairs of expensive shoes inside!!
kay henry
Lizzy- I wonder what they call “older”. I am 37. I wonder do they mean baby boomers? And yeah, I checked out yor link to you- you are not old at all
Lizzy- where do you intend to buy up in Qld? Anywhere interesting? CF+? Neg gearing?
kay henry
Gee, LonelySingleGuy wouldn’t be MaryPoppins, would he? Both joined on 22/5/2004? Both have similar profiles? Both write really *interesting* poetry…
Chatting up yourself? hehe- it’s too funny
How’s the RE landscape in your part of the woods, LSG and MP? Let us know… but at the SAME time- let’s see if you have 4 hands :+PGatsby, I think you seem like a great guy- a real charmer, for what it’s worth
)kay henry
Yep DD, I’ve bought sight unseen, but it still has to be beautiful :o)) Photos help. I would buy sight unseen again- thinking first about the numbers (I check out the less than 200k IP’s on realestate.com.au- if I only went for beauty, I would be checking the million buck properties, but I can’t afford *that much* beauty- only a little bit). After the numbers work, I see if it physically pleases ME. My purchase- mine mine MINE! So I want it to look good
kay henry
Yes Lizzy- I am the one in 7
) I rent a place in the city, and own a couple of IP’s I do have huge debts on my IP’s, and I do make a loss on my properties *boohoo* [hair2]I fit the profile. I do think now that I’ll chuck more money when I have it into IP’s rather than a PPOR. Rent is reasonable here- not “dead money”, and I can make more from property than if I put my wages and rents into a PPOR.
What about you, Lizzy? Are you one of the the 1 in 7 too?
kay henry
50k is not too much to lose.
)) And work, family, relationships, investments all come into the above 
My main aim this year is to reduce my CGT liability- I wonder if i can get it down to nothing, and still get back a fat tax cheque?
