Thanks for the good replies,

– Mark

Thanks Again Chan$,

So much Investor Knowledge.

When do your courses start?

Sign me up.

– Mark

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]

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

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]

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

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

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]

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

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]

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]