Can I reply a little differently…

You could read all the “learn to swim” books out on the market. Until you jump in the water and try to apply what you have learnt you wont know if you were ready. Then you get out, read some more and jump in again.

The first time there is no right time, but you can certainly jump in with floaties so you dont…[Read more]

Hi Terry,
So if I have an account that offsets my loan 100% and if I use that account for personal use, the tax office is ok with this? ie I can still claim interest deductions?

I dont have a lot of experience with offset accounts.

My post was just keeping it very simple with not having any bad debt accounts and not mixing personal and…[Read more]

Or better still just have 1 LOC for investments. All your salary, etc should be in a +ive cash account. That way you are not paying interest that is not deductable!

As you build up wealth in your savings account, xfer onto your LOC. But NEVER EVER xfer from the LOC back into savings!

All the best.

Mathew
http://www.arrttt.com
Custom Oil Portraits

Hi everyone,
Thankyou for your posts. I dont mind having lots of loans, but the concept of net loan to net asset value ratio rather than on each loan is what I was after. That way I can change loans, change assets, etc and not have to worry about cross collatoralisation.

It sounds like since I last looked a new product has come to market about…[Read more]

Great idea! Thanks.

I know that if Telstra cannot provide a phone line then they must provide an alternate at their cost. But I dont think this applies to internet services. Which is the problem.

But I like the idea of lodging a complaint and then progressing with the ombudsperson.

Thanks
Mat

Mathew
http://www.arrttt.com
Custom Oil Portraits

Interesting…. Ive often wondered why we cannot create more endothermic reactions (ie you know when you open a gas bottle and as the gas comes out the valve ices up? thats cause the liquid gas absorbs energy to turn into gas). Cause if we could a fridge could run so much more cheaper!

Also they did a study on 9-11 and they recorded temperature…[Read more]

Hi Spanky,
Great post.

About 3 months ago I researched the idea of installing solar panels on roofs of companies and then selling back the electricity.

Sadly, if I was to charge the same price as coal power electricity payback was 40 years +. Now this does not include maintenance and worse still that solar cells have a life of about 20…[Read more]

Hi zopm,
I like your style and good luck with your first purchase!

Building relationships will certainly help you in the long term.

Mat

Mathew
http://www.arrttt.com
Custom Oil Portraits

Yes you are right, if you look at it through your eyes it may be a dud. Thats why some make a killing and others lose money.

Its two things:
1. Depreciation & Deductions
2. Leverage

For starters your 7% loan becomes about 5% once you claim it as an expense on your tax return. So you are now clearing 2% pa which is only payable as GCT when you…[Read more]

I agree!

Its the seller who is the greedy one. They want to get the best price, however instead on understanding HOW to get the best price, they get estimates from the agent who is offering the best price/risk ratio to win the deal to sell. This has less to do with the actual price that the property would go for.

It wont improve becuase agents…[Read more]

I dont know of automatic software but you could write a macro.

eg, download macro scheduler (I think from nonags.com) and it can record your keystrokes as well as read text from the browser. So you could code it to search the web sites and take data from them….

Hope this helps a little…

Mathew
http://www.arrttt.com
Custom Oil Portraits

Hi,
I have found domain gets most hits (for rental listings anyway).

I read your ad, maybe you need to spice it up a bit.

Its good you have all that detail, maybe its enough for most people to not even bother calling?

I would read a dozen or so ads by RE agents and copy their style.

If you are not a sales man, selling a 600k house is a pretty…[Read more]

Hi Draconis,
If you go to http://www.residex.com.au they offer several reports. One report I purchase before I make an offer is their recent sales on the property report (cant remember the correct name).

It gives you sales over the last x years, sales of other properties on the same street as well as a rough prediction of what the place is worth.

Its…[Read more]

Hi Zopm,
I think it may be a little more complicated then just presenting x% below the listed price.

I would suggest the following checklist:
1. Do you know the neighbourhood?
2. Have you assess what appears to be the correct value of the property based on recent sales?
3. Have you considered purchasing a residex report on the property? It will…[Read more]

Guru may not be the right word.

For me its all about delivery to promise. So if someone shared a 5-10 year strategy and they were at least 5 years into it and they hit every goal they set +/5% then I would say they are worth listening too.

Why? They are not hit and miss, they dont make money just because. They manage to a strategy and they…[Read more]

Hi Rob,
Nice website. Good luck drumming up new business.

Another source for you could be PMI and AIPM. Have your consultants become certified project managers and you can also setup stalls at the conventions these guys hold or even talk at their monthly chapter meetings.

Im with PMI and there is a strong IS flavour down here in Melb.

Mat

Hey cruiser or should I call you crusher!!

Good luck with your womens group I hope it goes well and I hope you are a little more open to difference of opinion and jest with your fellow members. I’d hate every time you disagree with them that you would call them an “idiot”.

Oh wait… that must be for males only.

Mat
PS I think Im quite smart.…[Read more]

Hi alotti,
With what you said in your last post, you need to keep records of when the property was a PPOR and when it was an IP. You need to determine its value at the point you change from one to the other.

The govt is not very kind, if you claim expenses and depreciaton when its an IP, they will also expect you to pay GCT on the capital growth…[Read more]

Hi attrill,
Thats interesting. The lease option price is based on market value, not whether the client is making money or not.

If you can prove the market rent should be higher than you have a good case to reject their offer.

It must then go to some sort of tribunal?

I have not gone through the process with hotels but do have some several…[Read more]

Hi Lena,
In my opinion this is a very good option. You can also claim expenses and depreciciation once you change your PPOR into an IP.

This will give you a further boost of income at tax return time.

The only challenge I think you will find is the lifestyle one. Although on paper it does not really matter if you rent or own, emotionally it…[Read more]