Noting that the costs above suggest you need an income of at least $2000 to cover fees, surely even if you only had $10000 invested which earns 21% you come out in front. Which is still better than commercial funds which are negative, plus fees.
We started with $30000, and only made $3000 in 6 months, but will be making 30% return on our cash for this year, with a possibility of more. This easily covers costs, and keeps the fund building purely through earnings, let alone any contributions we decide to make.

Cheers
Mel

Hi lynnem

Not a bad strategy, but the ATO will look at it as a business if you do it too often. I would recommend – if you are doing it with a partner, alternating name on title for each one that you do. This may then mean that there is one in your personal name every couple of years, and doesn’t ring as many alarm bells.

Cheers
Mel

I looked into subway, and it’s not all that much to start up. $79-210K. If you go to the website it’s got all the info you need. I assume (I haven’t looked at it in a while) it would be http://www.subway.com

I then wanted to buy an up and running subway at about $500K, but I thought that I would not run around and do 10 different strategies, that I would just let lag catch up, and buy some more +ve cashflow properties so that I can quit work and invest full time.

Cheers
Mel

Hey Bear

One strategy I have learnt that maximises your cash, and lets you stay in the same house is this:

Sell your house to an investor, with a (say) 5 year lease, with options for yourself to have further leases – also giving you the ‘get out clauses’ but not the landlord. Find somebody who wants to negative gear – or just sell ‘with tenant’. Some people (including re agents) think that just because there is a tenant in place it is a great deal.

With the cash you get, you could even prepay a year’s worth of rent, and then invest the rest of the money so that it can earn you the next years worth of rent, and of course improve your position financially.

On the second mortgage investments, we’re actually looking at ones at the moment that give a 30% per annum return. We are doing serious amounts of due diligence, including getting adequate security to cover our capital. I think that’s the key in any investment like that. Make sure you know who you are dealing with, and that they have adequate assets to back up their guarantees outside of the project you are investing in.

Cheers
Mel

Hi muppet

Rotten Zac dog got the chop along with my poor little Jackie dog almost as soon as the little puppies went to good homes! I was in Fiji at the time of the dastardly deed, having left behind a pair of pants for my little one to wear for a couple of reasons – including rotten Zac!!

My Jacko dog has loooooong legs. She can jump fences that are 1.8m high!! She’s also terrified of thunder and lightning, so the second there is any, she’s over the fence and away!! Luckily she is also OBSESSED with a tennis ball, so all you have to do is walk out into the road where she can see you, and bounce it, and she comes running. This also worked with the little ones when she ran away (although we did not bounce them!![]).

Cheers
Mel

A spider in my car has almost caused me to drive off the road on more than one occasion[]. It involved a lot of jumping around madly waving at it to get out. Then when it vanished I wasn’t keen on getting back in!

Past pets – we used to have a rat, his name was Aussie. Or Ozzie. Not sure which. After mum initially freaked out, she was the one that spent the most time with him. He was very friendly, but did smell!

We’ve always had dogs. Used to have chihuahuas (spelling?) – little rat dogs. Then we ‘graduated’ to Jack Russells.

At our house we have Jackie, Susie, Little Cheeky, and Zac. We also have a little staffi called Chloe.
My sister has Tasha and Rhea.
My brother has Loki and a kelpie called Kelly – RSPCA dog.
My boyfirend has Sophie, Obi, Spotless (Spotty for short) and Sleepy.
My aunt has Scamper and Dina.
My sister’s outlaws have Aggie.
Lots of them are all related. My poor baby Jackie had six puppies – thanks to my brother’s rotten dog Zac[].
Little Cheeky, Spotty and Sleepy were the only ones that Mum would let us keep.
I wanted to buy a farm and go live there with my girl and her babies, but [xx(] didn’t have the money!

Cheers
Mel

Hi guys

I bought the game about two weeks ago (well, I rec’d it then anyway). Now it seems that I’m either catching up on this forum, or playing the game.

You can play as a single player against up to four computer players. You can also play up to 5 individual people (they call it hot-seat multi player – ie you take turns in front of the computer to have your turn). It’s a max of 5 players, with any mix of humans or computer players.

I’ve not played online, but there is an option in the egame to connect and play against others – using the game you have. As I said, not sure how that works.

It’s good to play though – much much faster than all that erasing and adding up you do on the board game.

Cheers
Mel

Hi all

Just in case you don’t know – stamp duty is tax deductible when you pay it in Canberra. [] This is due to the leasehold. From memory we have not had any leases come up for renewal yet, but I would really be interested to see what would happen if the government decided to charge a hefty (rather than a nominal) fee for a new lease.

I have not done any ACT wraps, but I do know that there are people out there doing it. Prices have risen quite substantially in the last three years, so it’s just about impossible to get a house for under $250K which has taken the gloss off the options somewhat.

Cheers
Mel