Damn Jo,
Now i feel like a smart ass, hmmmm.

Wallflower, i am lending my copy to a friend currently, but if you can convince me in a few words why you wont buy it and i should lend it to you then maybe….

PM if ya like.

Jo, are you in cahoots with my conscience?.

lifexperience

Ibuycash,
Nice angle man. But, stealing other peoples ideas and using them to make money is illegal.

It is also immoral, not so bad for these big guys with the $$$ to sue and enforce their rights, but if you condone theft of Intellectual Property, what about the poor struggling/upcoming entrepreneur that has his idea ripped by a large…[Read more]

I’ll exchange mine for $150.[dead2]

p.s. (it only costs about $100 and is deductible, it is worth it)[cowboy2]

lifexperience

Be careful. If you rent more than 3 bedrooms in a property, then you become a “rooming house”, under the residential tenancies act (victoria anyway) and a whole heap of extra rules.

Also I know in some areas, that if you have more than 4 people living in the house than you come under a new set of council conditions called “prescribed…[Read more]

Pisces,
Are you being sarcastic?

[saywhat]

lifexperience

hi Melbear,
You have a keen eye to spot these things. I am pretty sure Tony and others you mentioned trademarked and protected their Intellectual property.

So what irks you, may well actually put sued dollars in their pockets. I am sure they would appreciate your concern though.

[cowboy2]

lifexperience

Darlen,
Be careful. If you rent more than 3 bedrooms in a property, then you become a “rooming house”, under the residential tenancies act (victoria anyway) and a whole heap of extra rules.

Also I know in some areas, that if you have more than 4 people living in the house than you come under a new set of council conditions called “prescribed…[Read more]

Thanks for words everyone.

I would suggest splitting to hedge youre bets if you feel the need to fix.

Rob

The Mortgage Adviser
robert@mortgagepackaging.com.au

Rob,
ING bank made me join the loans on two IPs. Can I still split, What advantages would this give me.

I have currently have $10k extra repayments, by inflexible i was referring to…[Read more]

When i’m not working on the business of property investments,,,,, i work shifts as an industrial sparky.

Constantly covered in filth, grime, oil and dirt.

But not for long, if i have things my way.!!!![lmao]

lifexperience

Jo,
Great to hear you have made some cap. gains at all.

Just out of interest. Having realised you are going to have to fork over such moolah over to taxy man, What are your thoughts on strategies to avoid this ?(ie: hold equity to buy/finance IP’s)

Or was the cash in option for personal/lifestyle reasons.
[hat]

cheers

lifexperience

Jo,
Could you reduce your cap gains for the year by paying me as an investment advisor the equivalent $1000’s that your cap gains were. I give great advice(ie; houses need a roof and other pearls of wisdom).
You could then claim such as a legitamite (spelt?) expense against your cap gains.

he he he[dead2]

[daisy]

lifexperience

Hi y’all,
Not to get off topic but, I heard on Melbourne Radio that Pre-Nuptial Agreement are an american idea, and that such agreements have no influence on family court distribution of assetts.

[dead2]

cheers

lifexperience

It was mothers day, renowned for last minute cancellations of everything.
Don’t feel bad.[thumbsup2]

lifexperience

Hi Glenetti,
I disagree that it has to be relative to 100% down.

If you can do any deal that is cash positive, great!!

To find out how great it is you then work out the Cash On Cash Return.

True, if you put a big deposit down you can make any prop cash positive, but at what cost? This is where the COCR gives you an indication.

COCR = Money out…[Read more]

It’s nice to see everyone opening their eyes to techniques different to their own.

Kay, you make some good points. but you said:
my 5 neg props give me 300 a week

if, after paying off your 5 props you are making $300 a week cash. That then becomes a positive cashflow scenario. So I think we are agreeing pos. cashflow may be better once you want…[Read more]

Are you trying to start a net worth boasting session Marissa?

If so, why???

lifexperience

OK, i am going to throw in a few pros for +ve cashflow

Positive gearing is safer when gearing yourself to the eyeballs. In theory you can lose ya job at any time and still service loans (depending on vacancies).

Not so dependant on market conditions if you fix the interest rate. There could be no buyers about, interest rates can skyrocket,…[Read more]

CD,
Are you an ambulance worker? (bit personal, you don’t have to answer)

[eh]

lifexperience

hover shoes, red.[hat]

lifexperience

Steven,
thanks for explaining, am i right in thinking that this offset would be a handy place to keep the extra cash borrowed until needed for payments on props i put in trust?

Or are you just suggesting to keep a few bucks tied to PPoR as extra security in case of loan default?

Am I missing anything?
[smart]

lifexperience