Total Members: 159,187

MarkE

  • MarkE replied to the topic Investment Unit or House? in the forum General Property 20 years, 8 months ago

    Thanks for the good replies,

    – Mark

  • MarkE replied to the topic NSW Investment? Interstate? in the forum No Subject 20 years, 9 months ago

    Thanks Again Chan$,

    So much Investor Knowledge.

    When do your courses start?

    Sign me up.

    – Mark

  • MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 9 months ago

    That’s my 2c. Ignore all if you wish, it’s my opinion only.[:)]

    Thanks for taking the time to answer.

    I am very new to IP so I don’t ignore any advice, there is a wealth of IP knowledge here.

    I have been out of work because the company I worked for closed down, and I wasn’t smart enough to take out income protection.

    Your advice is good:

    – If…[Read more]

  • MarkE replied to the topic who plans to buy in the next 12 months in the forum General Property 20 years, 9 months ago

    Hi,

    I am still learning about PI, but would love to buy my first positive geared property in the next 12 months.

    I have been out of work for 4 months, so when I start work, check out loans then I will be looking around for good deals.

    Hopefully I will make a good choice.

    – Mark

  • MarkE replied to the topic child support agency issues in the forum Help Needed! 20 years, 9 months ago

    Hi Rooney,

    I have a “Private Agreement” with my daughters mother, which means we agree on what amount to pay in child support, I also help with school fees, clothes and other stuff.

    I also get an assessment with some stupid amount that they think I should pay, but because of this Private Agreement I don’t have to pay it.

    I don’t know if this…[Read more]

  • MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 9 months ago

    Excellent, thanks NewGen.

    My wife and I are in the higher tax brackets, so the negative geared property is helping with tax.

    But the positive geared property sounds like a good return for you.

    I will investigate more.

    – Mark

  • MarkE replied to the topic Investing Discussion Groups? in the forum No Subject 20 years, 9 months ago

    Hi,

    Chan$ I am from North Ryde, Sydney.

    Johngee yes I am getting some of that paralysis by analysis, it is just daunting jumping into your first investment. Mistakes when you are buying $100K + properties seem scary.

    Thanks,

    Mark

  • MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 9 months ago

    Sorry guys, but I got my numbers wrong.

    I was looking at tax forms which include depreciation and other stuff.

    We are only about $5000 out of pocket each year, after tax back etc, so the capital gains is above this, which is a good start I guess.

    I am only just getting my head about this stuff, so i will find out more.

    Still positive gearing…[Read more]

  • MarkE replied to the topic Seminar in march in the forum No Subject 20 years, 9 months ago

    Sounds like a great start edgewise.

    Do you mind me asking, or others how you manage to juggle working and looking for these positive geared properties?

    I know you can find a lot out on the internet, but I would assume you took time off work to see those properties?

    Is it time consuming?

    – Mark

  • MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 9 months ago

    Thanks,

    The 3 things I have learnt are:

    1) Don’t trust anyone else
    2) Do your own research to back up their claims.
    3) Income Protection – I have been out of work for 4 months

    I assumed that everyone in property was doing the same thing, losing money to save tax.

    I am doing my research now on selling costs eg Agent costs, Capital Gains Tax, so…[Read more]

  • MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 9 months ago

    Thanks for the response guys.

    I was too trusting and don’t have much faith in myself doing all the work to get an IP. Doing what you say not to do here.

    And I though that was what negative gearing was all about, losing money and saving tax.

    After I started ready Steves book and looking at this forum, I spent a lot of time looking at my…[Read more]

MarkE

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