MarkE replied to the topic Investment Unit or House? in the forum General Property 20 years, 7 months ago
Thanks for the good replies,
– Mark
MarkE replied to the topic NSW Investment? Interstate? in the forum No Subject 20 years, 8 months ago
Thanks Again Chan$,
So much Investor Knowledge.
When do your courses start?
Sign me up.
– Mark
MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 8 months ago
That’s my 2c. Ignore all if you wish, it’s my opinion only.[
] Thanks for taking the time to answer.
I am very new to IP so I don’t ignore any advice, there is a wealth of IP knowledge here.
I have been out of work because the company I worked for closed down, and I wasn’t smart enough to take out income protection.
Your advice is good:
– If…[Read more]
MarkE replied to the topic who plans to buy in the next 12 months in the forum General Property 20 years, 8 months ago
Hi,
I am still learning about PI, but would love to buy my first positive geared property in the next 12 months.
I have been out of work for 4 months, so when I start work, check out loans then I will be looking around for good deals.
Hopefully I will make a good choice.
– Mark
MarkE replied to the topic child support agency issues in the forum Help Needed! 20 years, 8 months ago
Hi Rooney,
I have a “Private Agreement” with my daughters mother, which means we agree on what amount to pay in child support, I also help with school fees, clothes and other stuff.
I also get an assessment with some stupid amount that they think I should pay, but because of this Private Agreement I don’t have to pay it.
I don’t know if this…[Read more]
MarkE replied to the topic Negative Gearing Advice in the forum Help Needed! 20 years, 8 months ago
Excellent, thanks NewGen.
My wife and I are in the higher tax brackets, so the negative geared property is helping with tax.
But the positive geared property sounds like a good return for you.
I will investigate more.
– Mark
MarkE replied to the topic Investing Discussion Groups? in the forum No Subject 20 years, 8 months ago
Hi,
Chan$ 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, 8 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, 8 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, 8 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 monthsI 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, 8 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]