Tax:

Here is the real story to lighten the Budget discussion! You’ve heard the cry in the last 5 or 6 days from across Australia: “It’s just a tax cut for the rich!”, and it is accepted as fact. But what does that really mean? The following explanation may help.

Suppose that every night, 10 men go out for dinner at La Porchetta’s. The bill…[Read more]

Marissa,

If you can afford one, pop down to dick smith or check online and purchase a Creative 1.5GB USB HDD.

Ghost your entire hdd to the usb drive.

In the event that your system fails again it’s simply a matter of formatting the HDD and ghosting the usb hdd back onto the HDD.

Alternatively, puchase a 80GB hdd and do the same.
(my preffered…[Read more]

DD, just for the record,

Ippy is a great place for IP’s but you couldn’t pay me to live there. Development or no development, it won’t change the fact that IPpy is a miserable dry hot hell hole in summer, freezing in winter and about as aesthetically inviting as a volvo.

Milly, i don’t think you’re a hypocrit FWIW and there’s quite a good…[Read more]

I thought iwsctws actually wanted to live there.
There’s a reason birds fly inverted over Ipswich.

This all changes if the parcels in question form part of your PPOR.

If that is the case CGT does not apply.

Always tell your bank manager what you want them to do rather than other way around.

Discover their guidleines, different lenders have different requirements, and present it to them so that it’s within their guidelines.

If you have enough security with them they generally will not want to loose your business. If you bank with NAB tell them…[Read more]

anything is deductible until you get caught

Just out of curiosity how does he difine a “Millionaire”?
If it’s just a million in assetts, i can teach you that, and i’ll do it for considerably less money too.

Thanks K.

No more shall be mentioned.
I presume any Coat Wearing Orangutans will be in touch via the means suggested.

That’d be incidently too.

Good to see my high $ edumaction was a complete waste of funds.

Originally posted by iwsctws:
Thanks for all the replies folks; now i know the east of Brisbane is out of my price range and that i should concentrate on the north and south. That narrows my search a lot! i probably need a minimum 800 sqm lot tho as am prsent on a quarter of an acre 40 min to the city.

Just one last question about…[Read more]

Originally posted by aussiemike:

I am all for taxation and distribution of wealth from the fortunate to those less fortunate but over the last 10 years I have paid for a lot of children who I have not sired. Time to get some of that back.

Can i ask why?

It’s something i have never understood.
How many wealthy people do you know have become…[Read more]

I’m kinda pissed that i’ve solved it in about 3 minutes.

I always considered myself reasonably intelligent and aparantly “smart people” average about 2 hours.

Maybe i have a keen eye for a trend

Originally posted by darkon:

darkon, if you buy an IP first, and never live in it, you will still be eligible for the FHOG when you do buy a place to live in. On your income, it doesn’t sound like you really need to rely on the FHOG anyway.

I didn’t know that, that works out a lot better for me as I could now use the FHOG on a place I would like…[Read more]

If it’s any consolation I’ve never heard of Jenman.

If you purchase a property representing good value for money, especially if your purchasing cashflow positive investments, then the crash will only be of benefit, because you will be purchasing your investment cheaper.

IMH(and economically speaking unprofessional)O the hardest hit by any stagnation or downturn in the property values will be those…[Read more]

Originally posted by kay henry:
recoveryman ;O)

As long as the bank keeps lending, I’ll keep buying

Kay,

Would you mind if i add this as my signature.

I wonder how the ATO would view the claim of one deductible trip to area in which investment property is located annuannly.

Do people pay rent in Iraq?

why wouldn’t you just purchase the doer upper yourself and split nothing?

Project finance.

I’m curios to know why you think it is necessary to sell the properties you have to fund the projects.

That’s what banks are for.

You really just need to learn to present the numbers in a way that the bank has no choice but to approve the loan.