check your depreciation figures, they don’t seem right to me.

Live, Learn and Grow

Lifexperience

remotes for ceiling fans are usually fixed hard to a wall just as if they were hard wired.
Much easier (cheaper) for a sparky to install and just as good.

Annaw , Not to be confused with your “TV” idea of a remote like your friends air con unit.

Live, Learn and Grow

Lifexperience

I thought fixed interest loans were totally inflexible and was going to refinance to access equity.

But I checked with current bank and they were able to do loan increases on new valuations and even an LVR increase to 90% relatively cheaply. Couple a hundred for some changes.

Are there fixed interest loans that are portable to another…[Read more]

………..sorry greg, being a smart ass does have some draw backs. I should of warned you.

Live, Learn and Grow

Lifexperience

I’m a sparky too and have rarely heard the terms g or h units to describe the ceiling fans.

You might be talking about the way the lead segments are arranged around the windings. An H shape would cost more than a g type to manufacture.

I doubt whether a G or an H would have any relevance on the performance or durability of a ceiling fan as the…[Read more]

an electrician will cost a lot more than $150. Suggest you get a quote to install fan before you buy the unit[].

Live, Learn and Grow

Lifexperience

brilliant resi.

Thats the way greg……….making others angry is much more fun.

Other good phone conversations are:

“…..oh my god, my appendix has burst…can you call the ambulance ……..aaaaargh….”

” singing na na na na na na na na nan ana nan ann ….BATMAN! ” repeatedly.

Parrot and mimic every question they ask you but in a…[Read more]

bwendan,

i can’t argue with illogic. But, yeah, sure, why don’t we all just say that a plus and a minus and multiplying are all the same thing.

….very clever b

Live, Learn and Grow

Lifexperience

Neo and others.

I detect sarcasm (which is strange as I thought I had sent that detecting part of my brain into sleep mode years ago).

But humour aside and to get technical , they are all different and separate components of a property deal.

In some deals the gearing and cashflow are the same (ie: positive)

In other deals the gearing and…[Read more]

“It’s on at 9″…..(but it would actually air at .

This game is great :0)

At this stage of your life, What hourly pay rate does it take to keep you away from close loved ones?

…..and how many more years do you think you will live?

Live, Learn and Grow

Lifexperience

I nearly got involved with devine homes once and will never deal with them again!

Thanks for the offer though.

Live, Learn and Grow

Lifexperience

Sorry to jump in on the rational discussion on NZ, but I couldn’t help but add to the initial hilarious discussion on positive/negative gearing/cashflow. And felt compelled to try to define it.

Positive cashflow may be when the weekly income minus the weekly expenses results in a positive but this could possibly be considered negative cashflow if…[Read more]

Well done Terry, you have steered many investers in the right direction with your knowledgeable replies.

If what goes around, comes around then some good fortune is due your way. I’ll have a chat with the voodoo gods.

Live, Learn and Grow

Lifexperience

Hi guys,
To find out the councils requirements for prescribed accomodation, which in my area was 5 or more people in a house make an anonymous inquiry, use an accountant because there is a good chance you wont like the answer which may include health inspectors and other requirements.

Also don’t ask your insurer if they are happy to cover a…[Read more]

Stamp duty, conveyancing, titles office fees, developers legal fees, loan fees, lenders solicitors fees, valuation fees, Lenders Mor5tgage insurance, ….. also I don’t think you can claim vacant land expenses against your taxable income.

Live, Learn and Grow

Lifexperience

Dianne,
Look on the upside, just think of how much time you now have to investigate property investing techniques. I beleive that you are streaks ahead of a comparable situation when you would have had all of your valuable diminishing time on this earth consumed with earning a wage. With enough knowledge (start reading) under your belt to be able…[Read more]

hi tokyo,

You are very quick to make a judgement on your own incorrect assumptions……. dangerous combination when dealing with money.

Beach huts are VERY limited in supply (my guess is less than 100 with no new ones being built recently as far as i know), and with the seachange due for our babyboomers, there are going to be lots of…[Read more]

Hi copper G,

This is how I would look at it.
You are trying to work out if one is better than the other. Here are the sums if:

Your house is worth 250k and you owe 100k and…..
Your IP is worth 300k and you owe 150k.
Your net worth is 300k.

If you keep it the same you pay
*interest of about $675pm on your home.
*interest of about $1000pm on…[Read more]

Well done on starting so young.

You can have IO s if you wan’t. It is good to have investment properties on IO and your house on p + I. As your investments get a tax deduction on the interest.

Some people like to use the positive cashflow to pay more off the principal as this reduces the debt and further increases the positive cashflow.

Also a…[Read more]

If you pay straight away you will pay less interest.

If you pay later, you will pay more interest and only get back less than half of that from the ATO (up to whatever tax rate you are on 48% max).

The less interest paid to bank, the better.

Remember to pay off your own home, before paying off investment properties as you can’t claim interest…[Read more]