Forum Replies Created
Hi Cornel. I agree with Yack and Derek, go see an accountant. Take anything you think may be related to your I/P that you may be able to claim on. If you forget something that your accountant thinks you may have, just fax it through to him/her. Hope this helps.
Regards
MartyHi Myydral. I don’t know your exact position re finances, but $500-700 is not too bad as far as negative gearing goes. It averages out to about $13 a week. I’d love some neg geared properties at that rate, PROVIDED IT HAS CAPITAL GROWTH, which, if you are are hanging on to long term will not be a problem. Me, I’d hang on to it. Just my thoughts.
Regards
MartyHi Coldy. As others have so rightly mentioned, you should read as much as you can and visit the cheap seminars but I kid you not, you will pick up heaps of info from hanging around this forum. Dont be afraid to ask questions either, no matter how “silly” you may consider them to be.
Regards
MartyThanks for the replies guys.I’m fairly sure it is caused from shifting soil, will let my friend know your responses and he can decide if he wishes to pursue the matter any further. Thanx again.
Regards
MartyHi ya Creemin. Just another thought. Over the years, your rent increases and your loan amount decreases (assuming you are paying P&I). You can now refinance and have lower repayments thus more in your pocket. Even if you refinance to a interest only loan, you will have even more left over and still be able pay off extra on your I.O loan to reduce the principle.
Regards
MartyHi all. Great topic, as I believe that the “not working” part is what most of us here are trying to achieve. To those that have managed to get themselves to a position of not working (Fern, Westan), if this is not too personal a question (will understand if it is),how much were you making from your property investments before you decided to give your jobs away. For me, I would be happy if I could make approx $1,000 per week from I/P’s and try to build it up from there.
Regards
MartyHi there High Flyer. Westan summed this one up nicely. I believe if the rents in the area where your I/P is are renting out marginally higher than your one (say $5-10), it may not be worth possibly losing your tenant by increasing the rent, only to find you might have to charge the same rent to attract a new tenant. Obviously, if rents are much higher in your area, then go ahead and discuss it with your P/M. Hope this helps in some way.
Regards
MartyWell done and congrat’s on your “1000” Mini. Like others here, I’ve enjoyed reading your posts. Keep it up and keep on inspiring.
Regards
MartyP.S Was nice chatting to you recently
Hi Realdeal. I agree with Flash re Bayside suburbs. I bought in Redland Bay a couple of years ago and fortunately have had excellent growth. Since I bought, a new shopping complex has/is gone up (already a major one at Victoria Pt), a lot of land has been developed and I read recently where a new child minding centre has been given the go-ahead at Redland Bay which indicates further growth. Pretty sure you will not find +CF but for capital growth, I think you could do a lot worse. Just my thoughts.
Regards
MartyHi Richmond. Just wanted to say that I (and I’m sure heaps of others)really appreciate your “from the news wires” posts. Makes it sound like a Dear Abbey column, doesn’t it. Keep em’ comin’
Regards
MartyOriginally posted by diggler:API magazine will now come out monthly, instead of bi monthly.
EVERY MONTH?!?!?! That means MORE time hanging around the newsagent and dodging the owner. Think I’ll have to read one article at one newso’ and another article at the next newso’ and so on.
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MartyHi Nathan. This is obviously too late a reply for you (sorry) as The expo finished yesterday but anyway…… I went again this year and it was pretty much the same as last year but I still enjoyed it. Yes, you have to dodge the sales reps that keep thrusting info sheets etc in your face but some of the guest talkers are worth seeing and I believe that if you only pick up (or learn) 1 piece of info that may help or inspire you, then it is all worthwhile.
Hope this helps (for next year,lol)
Regards
Marty[cap]Hi again all.Went to the property expo yesterday (28/3) and upon entering picked up the latest two editions of API for free. At least now I can read these editions properly and pick up any info I may have missed while standing in the news’os.
Have a good one
Marty[biggrin]Hi all, I don’t subscribe to API, I try and read the articles that interest me while standing in the newsagents (how tight is that). If something REALLY interests me or the guy behind the counter is giving me dirty looks (just because I’ve been standing there an hour) I will buy it. lol.
Regards
MartyCome on Mel, lets fess up. The Reserve Bank does not meet again until February, so logically there can be no rate increase until at least then.
Marty
I’m with Mel on this one. In fact I’ll bet everything I own on no rate increase in January.
Regards
Marty
Hi Nats, as a rule of thumb I have found bank valuers to be conservativ, probably to cover their backside, but as Westan said, try to be present when the valuation is done and point out things they may overlook and let them know what similar properties in the area have sold for.
Regards
Marty
Thanks for that Simon. My mates son will be happy. He thought he may lose the FHOG for himself by purchasing an I/P first.
Regards
Marty
Hi Pinky. All of the mentioned ways of property research that you suggested are good but I agree with wilandel that if you can find a R/E agent that you trust, they can be very valuable and time saving.
Regards
Marty
Have to agree with Crashy and Arty, the breakdown of the new site makes it easier to keep track of different posts as more and more people join this community.
Cheers
Marty
