Please tell us who this inspector is.

Email me if you dont want to broadcast the details at bkw319@hotmail.com.

Cheers

Please, somebody correct me if I am wrong.

I believe in Harts case what occured is that the whole of their interest, from both their PPOR and their investment property, was claimed as tax deductable interest whilst all incoming funds were directed at the mortgage on the PPOR. Therefore, the interest which was claimable grew and grew.

I believe…[Read more]

Thanks Nathan.

Who or what is the UCCC?

Please excuse my ignorance. []

Travel from Brisbane? Wow!

That is a strong recommendation there.

I’ll go see him and check him out.

How often, generally speaking, do you need to see your accountant in person?

Geez, that article really goes to town on him.

I only recently read the book and actually assumed that the “rich dad” was most probably fictional. I mean, the whole thing makes little sense, especially how he seemed to actually take so long to heed his advice. Also, the “lessons” drummed into 2 9yo boys seemed fanciful.

Having said the above I…[Read more]

I visited that site and spoke with Dale via email and he invited me to come and see him. The only problem is that he is in Kilsyth and I live in Moonee Ponds and work in the city.

How often do you need to see your accountant generally? Is it better to be close?

Are there any recommendations for accountants close to the city?

Cheers Kirby

Many thanks. []

quote:
It is true that the Mortgage insurer will limit their lendings but if you use mulitple structures then that limit can apply numerous times.

Like companies or trusts?

If only 6 month settlements were the norm.

That’s a great situation if you dont tie up too much deposit money.

Thanks Marketmad!

That’s some great information. []

I’ll have a go at answering your query seeing that Steve baulked it.

Never go with these companies that offer free seminars to flog their product.

In Melbourne, the company with the best reputation is Wakelin’s. You have to pay to go to their seminars and their advice is not tainted by any secret commisions etc.

And no, I dont work for them nor…[Read more]

I just want to say that this is the best thread on this Board.

I like seeing the opposing views. []

Thanks for the replies and links guys. []

lol

quote:
Hi Kirby,

Mike Robinson made a post about his success a little while ago. You can find it at https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=604

Warm Regards

Brent

Thanks for that link.

These replies are great and I mean that. []

My scepticism isnt in regard to propert investment (which I think is the way to go) but in the risks/benefits of positive geared housing. This is because my fear that a low capital growth property will be left un-tenanted i.e disaster!.

I really appreciate the replies because I’m very prepared to…[Read more]

I can see where Tails is coming from and I admit to being sceptical too.

What bothers me about “cash positive” property is that it is so reliant on being tenanted. I mean, if the economy goes bad and you struggle to get tenants you are “knackered”, you have no capital growth to fall back on.

Please tell me if I am wrong.

Thanks for your answer Brent.

I’m still a little confused though. I mean, I read through these Boards and i see people say “it works for me” but I’m struggling to find specific scenerios.

Can someone give an example of how this has worked for them. I dont need names, just a real case study example to help me understand better. I’d really like to…[Read more]

I know I’m ignorant but who would pay $190 rent on a $85,ooo property?

Likewise, this 11 second rule would translate into a $175,000 property attracting $350 rent per week. Does this actually happen?