I’ve known valuations to differ by up to $100K on a ~$400K place in Sydney!!!

Someone said on the forums recently:

Give me 5 valuers, and I’ll show you 8 different valuations.

Valuations are very much opinions of the valuers – after having done their research. Also, noting that there are drive by valuations, kerbside valuations, and valuations…[Read more]

I don’t think I’ve had any ‘negative’ people – or I haven’t noticed[cap]. A lot of the ‘older’ people (older than me!) are impressed by my knowledge and some of the things I tell them as I’m only 29, but if they’re investors as well, they search for knowledge rather than specifics on what I own etc.

I find that a lot of people I hang out with…[Read more]

Hi dollylegs

I would really investigate what sort of structure you and your partner want to buy in, ie how much flexibility, and get out clauses etc.

If it were me, I would look at buying as a unit trust, which I believe is better than a company….

Talk to solicitors/accountants to work out all scenarios.

Cheers
Mel

I’ve seen quotes from people on here who’ve done the ‘moving’ thing, and it appears they’ve paid up to $40K (and more) to move a house.

Hot Auctions last night (not the newgen mentioned one, the following one) had a $15K house moved to a ‘block nearby’ for either $21K or $24K. I think that was just moving, not electricity, water etc.

Cheers
Mel

Monopoly

You could prepay some interest on your two new properties. that will increase your expenses and cause less tax!!

As Jas said, buy in Canberra, stamp duty is tax deductible. Oh, I love paying stamp duty in Canberra (not really!). Well, more than in other states anyway as I can claim some of it back from Mr costello!!

Cheers
Mel

Oooh, I love to have a bath – long hot soak in the tub – get lots of reading done that way too – although v messy when drop the book in the water[blush2]

Cheers
Mel

Quick note guys and girls

I didn’t get my ‘update’ email link for at least 8 hours (it came in just after midnight last night), don’t know if that’s normal, but I guess you just gotta be patient…

Cheers
Mel

Kay, it’s definitely about to become a monthly mag – starting next month.

I just hope now that they’ve got more space to fill, they’ll put some info on the ‘rural town’ of Canberra![baaa]

Cheers
Mel

Hi Banderos

Congrats on your success. Out of curiosity (and cos I don’t know the area that well) what was the ‘dodgy’ suburb?

Cheers
Mel

The other ‘benefit’ of renting vs owning, is that you don’t pay rates/land tax etc. etc. on your rental – the landlord does.

So your rent (plus utilities) are your costs of living in the house. If you in turn rent out your PPOR, you get to claim the costs of these items that you are paying in your tax return.

Cheers
Mel

Unemployed bum! Or is that redundant public servant (or is that an oxymoron?)

Cheers
Mel

Girls are either triplets, quadruplets etc. etc.

Cheers
Mel

Dave

If it were me, I would take out insurance from date of exchange no matter where you are. It’s ‘peace of mind’.

I was speaking to an agent friend of mine yesterday, and he bought a house (I think OTP), because he’s settled, but onsold, which will settle in about 4 weeks.

NRMA gave him a cover note, but when he went in to pay, they asked…[Read more]

Originally posted by kay henry:
Yes, there’s some crucial info we are missing out on about members:

Voting pattern: Left, right, or the really sexy ones- swingers

kay henry

Kay, that’s harsh!! Da fings I put up on da board are fings dat we could find by cliking on da members name an cheking out dere profile!

As for voting pattern, I’ve never…[Read more]

BBG, try to make friends with a Valuer – I believe they have access to all the data going back lots of years.

If the property you are interested in was sold greater than two years ago, chances are all these reports mentioned – APM, HOmepriceguide etc. may not have it.

Councils may well give out the info though.

Cheers
Mel

Sorry Dom, to answer your question:

Having been Peter Spann and Tony Robbins trained also (but not implementing too much *slap* yet), I would do as Chan$, and purchase shares to write covered calls against.

with $80K, you can buy quite a few shares to write the calls against, and to only get $1200, you could probably write them at such a point…[Read more]

Originally posted by krazystyler:
Mezzanine investments
Try Capitol Holdings Group
20% returns

Two words – Henry Kaye. Set up predominantly at his request. I paid CGH $5500 and they were to provide me with a minimum of 2 deals returning a minimum of 12% pa or I would get my money refunded. Must have minimum $5K in account, but cannot invest…[Read more]

Originally posted by geo:
Why do the Alphabet song and Twinkle, Twinkle Little Star have the same tune?

Stop singing and read on . . . . . .. . . . .

Oooh. busted[baaa]

Cheers
Mel

If you owe tax, I think they still want you to do it earlier. The payment due date is in November (from memory, might need to research), so even if you did your return on July 1, you wouldn’t have to pay until then.

If you will get a refund, they don’t really fine you at the moment (I’ve only just seen my accountant for last year’s return), but…[Read more]

Hi Martin

I get the feeling that I’m missing something, cos I don’t quite understand what your post is saying?

Cheers
Mel