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  • Profile photo of mattstamattsta
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    @mattsta
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    February 26, 2012 - 9:51 am

    I'd suggest to get the help of a lawyer, especially one that specialises in real estate contracts

    Profile photo of mattstamattsta
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    @mattsta
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    February 25, 2012 - 3:03 pm

    Congrats on the baby!

    Make sure that you do tell the bank, especially if you feel you won't be able to make repayments if the bubs will affect your income

    Profile photo of mattstamattsta
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    @mattsta
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    February 25, 2012 - 3:01 pm

    I agree. Claim that depreciation.
    fire that accountant, and get a new one

    Profile photo of mattstamattsta
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    @mattsta
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    February 20, 2012 - 2:11 pm

    i havent heard of stephen tolle or his apprentice program… i'd prefer to learn from good books or forums like this one

    Profile photo of mattstamattsta
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    @mattsta
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    February 20, 2012 - 2:08 pm

    i don't know of any architects for your project, but am interested to know why building a small unit will help to reduce your mortgage?
    how will it do that?

    sorry for my ignorance- thanks

    Profile photo of mattstamattsta
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    @mattsta
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    February 19, 2012 - 3:42 pm
    Derek wrote:
    Hi Tiger,

    I really don't know enough about your situation (age, income, long term plans etc) to pass detailed comment but reading your comment above it would appear as if you are on the right track now BUT it also appears as if 'saving tax' is still your primary focus.

    I would like to see you change the focus to 'making a profit' first and then if there are tax savings to be made that is a bonus. Investing to save tax should never be your priimary goal (Great Southern anyone?)

    Food for thought?

    Very much agree that making a profit should be the top outcome.

    With that in mind, I probably wouldn't invest in this particular deal

    Profile photo of mattstamattsta
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    @mattsta
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    February 19, 2012 - 3:39 pm
    petejac1 wrote:
    Gladstone has had its boom, once the construction is done the work force is gone. I have been investing in solid mining towns for nearly a decade including Emerald, Mt Isa, Blackwater, Dysart and Moronbah. Capital Gains have always been there plus the great cash flow. People who say there isn't any Capital Gains are the ones too scared to go Central Qld and stick to their Capital Cities. The mines in these areas will keep going for years where as Gladstone is relying on the construction of the port. Buy as many as possible, always spread your risk rather then one larger one.

    with those factors in mind, i'd probably prefer not to invest in gladstone but in areas with consistent and expected long-term mining operations

    Profile photo of mattstamattsta
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    @mattsta
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    February 19, 2012 - 3:31 pm

    I'd suggest walking away now to invest elsewhere, but that's my personal opinion

    Profile photo of mattstamattsta
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    @mattsta
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    February 19, 2012 - 3:18 pm

    I'd suggest you do research about the real estate policies and laws in Bali and check out the implications that it'll have on you.
    Remember that they will be very different to the Australian context.

    Also, make sure that you do your due diligence and ensure that it's actually a profitable investment!

    Profile photo of mattstamattsta
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    February 19, 2012 - 3:12 pm

    I'd also recommend to check out other mortgage brokers, and compare them, and do not use the broker from the selling agent!

    Profile photo of mattstamattsta
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    February 19, 2012 - 3:10 pm

    hi.
    I've tried a number of software, including MYOB.

    Although after tryinga number of them, I still prefer and currently use MS Excel. I have more control of how i want it customized.
    Some other software is too rigid and hard to customise

    Profile photo of mattstamattsta
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    February 16, 2012 - 10:51 am

    Liverpool is an OK place, but yes, it is generally a place with lower socio economic population. There may be good tenants, but be careful.

    Profile photo of mattstamattsta
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    February 16, 2012 - 10:45 am

    I agree that it's probably a trick to add you to the competition, so that it bumps up the price especially for others out there who are interested.

    I don't think they have your interest in mind at all.
    Tell us all how it goes for you

    Profile photo of mattstamattsta
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    February 16, 2012 - 10:42 am

    If I were to invest in Bathrust, I'd prefer to invest near the unis.
    I like the sound of lowered vacancy rates, and ongoing demand for it

    Profile photo of mattstamattsta
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    February 16, 2012 - 10:38 am

    Yep, I also reckon that brisbane and other parts of QLD are undervalued.
    In regards to the Cth Games, yes I do think that some marketing groups will try and exploit the hype for the GC.

    Profile photo of mattstamattsta
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    February 12, 2012 - 11:02 am

    ohh yeah the potentiality of "kids" are a consideration as well for you. Don't forget that, as it may have implications now on whether you get the PPOR or IP

    Profile photo of mattstamattsta
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    February 12, 2012 - 10:58 am

    if im not mistaken, remember that the stamp duty concessions and exemptions mainly apply to newly built homes only.

    Check out the NSW Office of State Revenue website for more details. They even have a useful calculator to determine the total cost of stamp duty you should be paying

    Profile photo of mattstamattsta
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    February 12, 2012 - 10:54 am

    For foreclosures, I typically ensure that I can do some due diligence on the property and visit it myself. I want to check that I really am getting a bargain and understand any potential costs that I may have to fork out.
    If I can't check out the place myself, I ensure that I have someone twho I can trust on the ground to check it out.

    Profile photo of mattstamattsta
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    @mattsta
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    February 12, 2012 - 10:52 am

    Yeah, I find seminars to be a waste of time. I don't like having to physically travel soemwhere and then be stuck if I find the seminar boring, or an annoying sales pitch.

    I prefer reading books or watching DVDs. If I find that the author/speaker is wasting my time, I can easily swtich it off, and it was all done at home.

    Profile photo of mattstamattsta
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    @mattsta
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    February 10, 2012 - 7:12 am

    Regarding exit strategies, it may be easier for you to sell to first home buyers in USA for a profit, as I've recently read of Obama's proposals of initiatives to help them out.

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