Well,
More than often the rent return being offered by the builder is above market for that type of house in that area, so it looks good as an investment…BUT usually that rent has been capitalised back into the purchase price,
By this I mean you are effectively paying for the rent.
Compare the cost of a block of land plus the house to build in…[Read more]

TEd,
What possible ramifications could you possibly mean ???

The biggest threat to Oz from Indonesia is if there is a mass exodus…as we do not have enough population, let alone soldiers to patrol the coastline to stop 220 million refugees invading the coastline by wooden boats !!!

Their biggest threat is the warmongering tone taken by our…[Read more]

Too funny Mono….
Remember….sunshine pls…heard its going to be 32 on Tues ????
Youre a GENUIS back…..and I will never doubt you again….ever…never….hehehe

I know you were trying to get more info before making a suggestion….for boof…to substantiate that “HEART OF GOLD” of yours…

Re,
kP

Monopoly you big meanie….. ((

Give boof a break…and suggest a book.

boof, if you haven’t already read 0 – 130 properties, start there. There are examples of real property transactions in it ( umbers crunched)
Also the Jan Somers books have examples in themm..try starting there..

KP

What was this thread about?
(Better read the title and not be so lazy)

Aus, your story reminds me of a similar one.
The IP I sold last year came back on the market about 6 to 7 months ago and is still not sold..scary how the price has dropped from the initial asking to where it is now.

Its too close to the old purchase price that they are now…[Read more]

What a coincidence….I reckon Greg should publish a book…not funny huh Greg.

Greg it all sound too good to be true…I’m superstitious…if you pre predict an outcome by either speaking about it or telling someone about it, it quite often doesn;t come true ( like an agent counting their commission on a sale…usually kills the sale )
Hope this…[Read more]

Oi !!
Get back on topic..

Well I am a saint compared to some of you… quit smoking some years back, hardly drink, never eat out, and no take away food. Where we live you would understand why.

No more indulgance on toys…delayed gratification firmly set in place.

To prove this, we came to a point last year where my sweetie ( the better half by…[Read more]

Interesting point you raise Terry.
thats thinking outside the square.
Its all a question of apportionment.
You are still living in the place thus PPOR, but you are deriving income by renting out rooms…BRILLIANT !!

Good one techa,
WIll spend a bit more time reading the whole post.

But you raised an interesting point about who owns the stock that you are putting up for rent to an option buyer. Sure you own it, but the margin lender has security of it ( mortgage?) and its not paper anymore, so how do you put up the share ( electronic paperless) for rent??

KP

There was a news article recently of a guy who had the grant rescinded because he was deemed to be still living with his parents….because he had every meal there ( parents house) and his electricity bill was too low….be careful, its not worth getting caught…

KP

The winds of change are blowing….take heed !!

Who hinted at it being abolished in the first place ? Was it a politician??

If it was then you can bet that it was a precurser ( test the reaction) before attempting to bring it in…or stamp it out, whichever way you see it.

KP

Ummmm,
if your friend is going to claim the FHOG, therefore claiming to use the home as his PPOR, then he can’t claim any interest costs, as if it were an investment property…

KP

That explains it…
tried to make an appointment with D GG but got the same response.
Im travelling all the way from remote WA…thought it was an opportunity to meet in the flesh.
I guess these days its not the done thing anymore.

No worries……onwards upwards

KP

As Terry said, you can buy in the wife’s name or enter into a lease option.

The stamp duty to transfer into joint names once the bankruptcy has been discharged will be minimal under the spousal, or related loved ones ruling.

KP

techa,
Can you write covered calls on and underlying share if the share is leveraged ( via a margin lending product)
What is the strategy on the covered call ??

I have traded shares and options in the past but this is all new to me ( maybe I nedd to attend a course or get in touch with P Spann or something..)

KP

Geeze I’m no expert and one of the mortgage brokers would answer this better…

But its $550k x 80% = $440k available to borrow.
Then $440k – $395k = $45k.equity available to use.

However if you can go to 90 or 95% LVR then of course the amount available to borrow increases.

KP

Old enough to tie up your shoe laces….thats too much Jo. hehe…..
Please give us another prize quote from your endless collection…

Sal if you’re buying to hold then follow what Jan Somers says and that is it doesn’t matter when you buy, as you will pick up all the swings and roundabout over the long term.
If you are just speculating then…[Read more]

Equity mate……
No, seriously, there are lots of ways to keep buying property.
Find out the vendor motive for selling, then all sorts of creative options open up.
Alternatively, find the right vendor.( the motivated one )
Sounds like a load of theory.. but it actually does work.
For example, vendor has a small mortgage or no mortgage, and does…[Read more]

You s*#t stirrer Aus,
Trust you to raise this topic.

But I’m with Baloo on this one.
Its not inconceivable…no reason why they can’t rule that you quarantine the loss within the property till it shows a profit.
Then you don’t pay tax on the profit till the loss is used up.
ie.. you don’t lose the ability to claim the loss, just defer it till the…[Read more]

techa,
i too am interested in what you come up with…I am sure many others are too, they just don’t post to that effect

KP