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  • Profile photo of Kirby319Kirby319
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    @kirby319
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    March 17, 2003 - 7:29 am

    Please tell us who this inspector is.

    Email me if you dont want to broadcast the details at [email protected].

    Cheers

    Profile photo of Kirby319Kirby319
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    March 17, 2003 - 7:16 am

    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 (but very well maybe wrong) that you can still legally (in the eyes of the ATO) split your loan as long as you are only claiming the interest applicable to your investment property.

    That’s my understanding anyway. Please correct me if I am wrong.

    Profile photo of Kirby319Kirby319
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    March 14, 2003 - 7:54 am

    Thanks Nathan. :D

    Profile photo of Kirby319Kirby319
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    March 14, 2003 - 7:42 am

    Who or what is the UCCC?

    Please excuse my ignorance. [:I]

    Profile photo of Kirby319Kirby319
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    March 14, 2003 - 12:16 am

    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?

    Profile photo of Kirby319Kirby319
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    March 14, 2003 - 12:13 am

    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 believe his book is quite motivating. It is short on detail and over simplistic but it can be inspiring.

    The most beneficial lesson is on the difference beetwen liabilities and assetts. I think that of the book is the most useful.

    There’s my 2 cents. [B)]

    Profile photo of Kirby319Kirby319
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    March 13, 2003 - 7:37 am

    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

    Profile photo of Kirby319Kirby319
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    March 13, 2003 - 5:42 am

    Many thanks. [:)]

    Profile photo of Kirby319Kirby319
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    March 12, 2003 - 4:06 am

    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?

    Profile photo of Kirby319Kirby319
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    March 6, 2003 - 12:21 am

    If only 6 month settlements were the norm.

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

    Profile photo of Kirby319Kirby319
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    February 27, 2003 - 8:19 am

    Thanks Marketmad!

    That’s some great information. [:D]

    Profile photo of Kirby319Kirby319
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    February 24, 2003 - 12:06 am

    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 do I have anything to do with them. I just know this from research. [:)]

    Profile photo of Kirby319Kirby319
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    February 17, 2003 - 1:08 am

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

    I like seeing the opposing views. [:)]

    Profile photo of Kirby319Kirby319
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    February 17, 2003 - 12:44 am

    Thanks for the replies and links guys. [:)]

    Profile photo of Kirby319Kirby319
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    February 17, 2003 - 12:34 am

    lol

    Profile photo of Kirby319Kirby319
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    February 14, 2003 - 9:15 am

    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. :D

    Profile photo of Kirby319Kirby319
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    February 14, 2003 - 9:02 am

    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 listen and be persuaded otherwise. I’m just trying to learn.

    Again, many thanks. [8D]

    Profile photo of Kirby319Kirby319
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    February 14, 2003 - 12:08 am

    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.

    Profile photo of Kirby319Kirby319
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    February 13, 2003 - 11:56 pm

    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 know why someone would be prepared to pay such high rent on a $85,000 property and how they would “win”.

    Many thanks.

    Profile photo of Kirby319Kirby319
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    February 13, 2003 - 7:50 am

    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?

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