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  • Profile photo of Marie123Marie123
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    @marie123
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    March 13, 2012 - 6:51 am

    Well done, sounds like a good deal.

    I would like to know how you are going to do this renovation for $15k and what the secret is? Is it only a small job – it seems big to me.

    Cheers.

    Profile photo of Marie123Marie123
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    November 22, 2011 - 6:26 am

    Yes, that is correct. The families that have made a bit of equity, usually, who want to upgrade their PPoR as their family is increasing and or want to live in areas that are closer to their needs such as schools, etc.

    Profile photo of Marie123Marie123
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    November 22, 2011 - 5:42 am

    No worries. It was a while ago we were talking about JL anyway.

    I am looking to get a report off him in the near future regarding a few suburbs. Hopefully it all stacks up. :)

    Other then the 'final buyers market' I think he encourages the 'family home market' – but don't know what he calls it. The banks are more likely to lend to someone who is buying their second home, than those that are just coming on the scene – and of course a much larger amount.

    On a side note. I had one of my properties valued by the banks roughly $8k more than I thought the market would pay for it, recently. I thought they usually undervalued a property?? Strange.

    Profile photo of Marie123Marie123
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    November 21, 2011 - 1:38 pm

    fWord

    Pardon me, I thought you and I spoke about John Lindermans' book in this thread – or was it someone else? Whoops.

    Profile photo of Marie123Marie123
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    November 21, 2011 - 6:21 am

    //When the sharemarket does recover and levels start heading towards the peak again, the boomers would retire en masse. And that's when they'll be selling their investment properties. The boomers have literally watched their nest eggs vaporise in a matter of months and they're in a bit of a pickle…too few working years left and facing too big a loss if they decide to sell up now.//

    That is what JL said at a recent seminar. :D

    Profile photo of Marie123Marie123
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    November 17, 2011 - 4:20 am

    Hi Trev

    How come you don't have to pay stamp duty when you transfer it to your wife's name? I wasn't aware of that but perhaps it's a differing state law.

    Cheers.

    Profile photo of Marie123Marie123
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    November 16, 2011 - 11:56 pm

    Yes, I did. I found out in Melbourne last week! Lol.

    Profile photo of Marie123Marie123
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    @marie123
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    November 16, 2011 - 11:30 pm

    Emma, sounds interesting. Looks like you are on to something there. After your DD has been done I might have a bit of gold I can lend you. Might see you at the next meeting :)

    Cheers.

    Profile photo of Marie123Marie123
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    November 16, 2011 - 12:46 pm

    Hi Emma

    Did you get a chance to speak to AS from APN yet? He would be the first person I would go to for any hairy question you may be trying to figure out. Just a thought.

    Nice to see you again. :)

    Profile photo of Marie123Marie123
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    November 15, 2011 - 2:07 pm

    //Australia is no different to any other country and the huge debts to finance our property bubble will catch up with us some day. Lets just hope that we learn from it this time and stop easy credit in future generations to avoid it happening again.//

    I wasn't aware that we had the same 'easy credit' that places such as the US gave? I guess it depends on where you source your information from.

    Profile photo of Marie123Marie123
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    November 15, 2011 - 2:03 pm

    "Step 8. Baby boomers have to sell their properties now that the value of their super has halved and they need something to live off. This adds further downward pressure to the viscious spiral"

    Isnt this already happening? For those that have lost big money in shares (via their super) they have already been selling up, no?

    Profile photo of Marie123Marie123
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    November 15, 2011 - 1:14 pm

    So should have bought there when I was going to. Lol. Story of my life – a gunner. ;P

    Profile photo of Marie123Marie123
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    November 15, 2011 - 12:56 pm

    Sounds great, mattnz. Is that Gladstone by any chance? :)

    Profile photo of Marie123Marie123
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    November 15, 2011 - 8:28 am

    So are all those that are saying that the end is coming, or there abouts, are you all selling up your property and putting it into gold, cash, something else? Or don't you have property to begin with? Honest question!

    Profile photo of Marie123Marie123
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    October 29, 2011 - 9:42 am

    Hey Wisepearl

    How is that reno going?? Be good to hear :)

    Profile photo of Marie123Marie123
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    October 29, 2011 - 9:26 am

    Derek

    A good friend of mine used to work for them! I have used them in the past, I had totally fogotten. Cheers.

    Profile photo of Marie123Marie123
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    October 29, 2011 - 5:37 am

    bjs..

    Perhaps I can have an accountant go over all my tax returns I have done in the past 5 years and see where I have gone wrong. I know you can amend a tax return but not sure what the time frame is.

    Cheers.

    Profile photo of Marie123Marie123
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    October 29, 2011 - 5:32 am

    I guess the consesus is that I just need to get myself an accountant. Anyone in WA who has a good accountant they can recommend? I wanted to get a few ideas together before I asked for an opinion – what is the point of paying someone if there is a straightforward answer I can get from others who have had the expereince? Those were my thoughts – and the fact it was the weekend.

    Thanks all.

    Profile photo of Marie123Marie123
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    October 29, 2011 - 5:28 am

    Derek

    Thank you, that was helpful information.

    I have considered leveraging, yes. Might have to reconsider that one as it is nearly a positively geared property – but it's taken 5 years! (I didn't know what I know now when we purchased it). Right now we need somewhere to live (tenant most likely can't afford to buy it anyway) so will be moving into that property and decide from there what we will do.

    Profile photo of Marie123Marie123
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    October 28, 2011 - 2:57 pm

    HI again Terryw

    Are you saying we have to add back any depreciation we have claimed onto our purchase price?? That is something like 30k. Ouch. Can you tell me how that works please? I might just pull out Steves book, I am guessing it should cover this topic. Many thanks!

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