Sorry Dave,
this is nothing to do with your original question. I’ve just realised that I’m a baby boomer-I had no idea!
Oh my god!
Landt.

Hi Micheal,
the seasoned investors on this web-site will tell you that the +ve cashflow properties are out there and you just have to find them. As a fairly new member, i can tell you that it’s very difficult, if not nearly impossible to find them. You may have to read Steve’s newer book and ‘think outside the square’. Good luck.
Landt.

Hi Yack,
thanks for getting this thread started. i always like reading your contributions to the site.

2004
went on a cruise -fantastic
oldest child about to go into grade 2 – report card gave him excellent for effort for every subject and said that he had extremely good manners and was kind and considerate. ( i think i could cry)
youngest child…[Read more]

Hi,
the body corporate are responsible for any common outdoor areas. As for any changes you want to make to the outside of your unit, these may have to go through the body corporate to get their ok. You should check the rules of your body corporate.
Landt.

Hi Chris,
we’ve now had to look over the Christmas/New year period for tenants 3 times and have had no problem. I hope you have the same luck.
Landt.

Are those the fish that John West rejects?
Landt

Thanks terry,
i was never 100$ sure how that worked.
Landt

Hi Terry,
can you please explain the CGT again? For examply if I paid $160 for my IP and then sell it for $320, do I owe tax on $160? It’s been owed for more than 12 mths. Does it make any difference if it was my private residence for a year?
Thank
Landt.

Hi,
a month to month lease is definitely the way to go. This gives both you and the landlord some flexibilty.
Landt.

Hi,
thanks for your replies, especially helpful since I live in Melbourne.
Landt

Hi Lisa,
I’m amazed that you’ve managed to find 2 properties at $140 each and with such a high rental. Care to give away any secrets?
Landt

Please pardon my ignorance, but what are management rights?
Landt.

Hi Stuart,
I’m interested in your comment but I’m not sure how I get them to carry a second morgage.Can you please explain this to me.
Thanks
Landt

Hi,
thank you all for replies, but I think we’ve come to the conclusion that even though we think it’s a great buy, we can’t afford it. If anyone would like to know where it is, just let me know.
Landt

Mlebourne.
Landt

Hi,
I can only tell you about my experience and that it is that you will receive an invoice for land tax quarterly.
Landt

Hi Morgage Hunter,
we would do a bit of work on it and then rent it out. We could hope to achieve between $350-$400 per week.
Thanks
Landt.

Hi Y,
IP worth around $320 in a good market
Owe $246 on the IP
Earn $90,000 between us (I earn $60,000 my husband around $20,000), including the income from the IP
Have 2 dependants.
Thanks
Landt.

Great story Derek.
Originally posted by Derek:
Hi all,

Some food for thought.

http://www.theaustralian.news.com.au/common/story_page/0,5744,11058143%255E601,00.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Westan,
unfortunately only my mum is still alive and she doesn’t have the money to lend me for any investment. I don’t think I could ask the seller either as they need the money for the bond in a nursing home.
Landt