Ah, ok got it.
Thanks Terry.

lifexperience

regrow,
We are no means trying to cheat the ATO,

I didn’t say you were?????

Good luck with the research, you will work it out. Like I said I’m no expert :o)

lifexperience

I’m no expert but my understanding is:

I don’t think the tax department are so generous that they will refund more tax than you pay in one year.

Also, you would need a property worth $2.32million to claim $58000 for one year (at 2.5%).

And any depreciation you claim over the years will be added onto the figure used to calculate capital gains…[Read more]

Ok, to confuse things. I have had a property lawyer tell me that (in Vic), Stamp duty is payable on transfer of titles. Which could be 2,5 or 25 years later,,,???????

Is this one of those legal “It can be what you want it to be type things????[dozey][confused]

lifexperience

Wallie girl,
If you insist on drawing religion into this philosophical discussion, then I would be foolish to nay say any particular religious text (there are thousands of texts from many religions) without studying it in it’s entirety.

Does the bible have part numbers for your particular washing machine?
[curtain]

lifexperience

Sounds like you have done a lot of research and learnt a lot.

All property investment paths have some risks and hassles. Once aware of them, you have to work out if the return is worth the risk FOR YOU!!

You have some good ideas, some of which could work with a bit of effort and thought.

If you have ruled out all property options, then maybe…[Read more]

lol,

lifexperience

Kay,

I also have a problem with “facts”[cowboy2]

I don’t know that you can ever 100% be certain about anything. You can play on the probability of certain incidents happening again (which is how science works), but you can never know for sure.

So you only ever have a handful of incidents on which to test theories.

So anything may and can…[Read more]

So, If I can clarify,
if your wrap client has to pay stamp duty at time of signing contract (except in Queensland).

Is this an additional cost to them, or do most wrappers allow for this cost out of deposit they receive (in the sale price)?[confused]

lifexperience

Maybe start with getting the appropriate licence for your state from Business Licencing Authority (maybe register as a credit provider)

Then get a lot of money.

Then lend it.

lifexperience

Kay,
Yup, such a life path does have little external guidance but I believe opens up many more possibilities.

Just look at how long theories and opinions last in science until an example is found that blows it out of the water.

[angel]

lifexperience

Ok, I am no wrap expert, but I will have a go.

If you have $25,000, and buy the property for the asking price (you can always make a lower offer) of $225,000

then you will need to borrow $200,000+closing costs which will be about $11,250.

So you need to find a lender who will loan you on a LVR of about 94%. (thats if valuation comes up to…[Read more]

Here is a link I found after searching for “centrelink” in “help needed” section.

https://www.propertyinvesting.com/forum/topic/12087/1.html

Hope this helps[daisy]

lifexperience

What a bugger that must have been colio, but at least you have a positive attitude and are looking at the lesson learned.

Just a question, how could it have been positive cashflow at $600 a month, should that be $600 a week…technicality.

cheers

lifexperience

If you have $200k equity, then by my calculations you should be able to sell your current home, buy a cheap unit for $90k and have no loan repayments and $110k in your hand.

Invest that $110k at 8.5%, and you will have $179.80 a week earned interest extra on top of pension.

Or buy a house thats a bit nicer until the balance left over comes in…[Read more]

I like to use and interpret actual life experiences I have had or others have had rather than theories or opinions.[angel]

lifexperience

Gatsby,
No need to justify your quotes, “Shakes” is cool.
I know you can question, disect and justify virtually any act and argue good or bad for it. But at some point you have to choose what you do and stick with it.
What you say about doing whats right for me, seems to me to closely follow what others have suggested and on what I will base my…[Read more]

I am but a dismembered member away from reducing my ratio of male to female.

Thanks for the reminder, I will have to be careful around all the machinery at work[drummer].

lifexperience

Newgen,
I have done a LOT of careless things, so I know that feeling of waste too well.

It always helped me to think of other people who have done really dumb stuff. I mean money comes and goes but it’s not like you:

Drank and drove and killed close loved ones in an accident.

Lost temper and killed someone and gone to jail…death row.

Dived…[Read more]

I’ve come back after the weekend and re-read everyones replies. All positive and good.

I like your observation sonja about stepping over the line with giving and finding oneself in bitter territory, I will keep a closer eye on thi in future
My policy is to give as much as I can freely give – it feels good for everyone and it builds relationships.…[Read more]