Na I don’t want to muck around. Basically the bank won’t let me do what I wanted to do so I just want to get rid of it and move on. I just need to find out all the ins and outs of what I’m going to lose, what I can claim etc etc.

work sux!

I have a method, I call it Mikes golden theory.[biggrin] I can’t reveal it though, it’s a secret. Iv’e told a few people, but the rest of you will have to guess!

This should be a smart sounding comment but it isn’t!

If you have equity available can you use it or do you have to still satisfy the bank as far as servisability.

This should be a smart sounding comment but it isn’t!

Man that guy rocks! Get front row and some sweat might land on you. Hopefully he plays all the classic hits such as Rich Dad Poor Dad and Cashflow Quadrant! Get your T-shirts at the merchandise stand.

This should be a smart sounding comment but it isn’t!

I bought an IP in Adelaide 2 months ago. I put down a deposit of $5000. The place cost me $215000. You can put down whatever you like as a deposit.

This should be a smart sounding comment but it isn’t!

Could you please fix this problem. I never get the monthly newsletter cause my email has changed

Originally posted by richmond:
SIS

For what it’s worth, I think a mountain is being made out of a molehill in this thread, but for all your achievements in buying 13 houses at the age of 21, it would be good to set the theory aside and gain some practical insight into how you’ve done it. You’ve said elsewhere in terms of gaining instant equity,…[Read more]

[V] Still no go. It sais the page cannot be found when I click on the link.

I wouldn’t say theres an oversupply as the turnover is very quick. A lot of places are contracted after the first open. I’ve just bought my first IP after weeks of searching. Veiwed the place on a sunday then went to the RE lunchtime monday to submit an offer and it was already contracted!. Got a call few days later that the buyer couldn’t get…[Read more]

quote:A person who earns say $80,000 a year still gets the first 6000 tax free, the next 15600 at 17%, etc etc, so it is fair on everyone.

Is that right? I thought you payed the percentage bracket your in on the whole amount.

Do I have to put her name on when I buy it or can I add it later if I want to?

This question is slightly off the topic but,
If I subdivide a large block and build two houses, can I put all of the proceeds from selling one into paying off the initial cost of buying the land and building the houses, without paying any kind of tax. I am assuming there will still be some of the loan principle left, so I haven’t actually made a…[Read more]

Would you mind telling us what you learned. How do you turn
$7900 into $225000 in 3 months, how do you own a $230000 investment property in one year?

I saw an ad in API for a seminar on getting rich property developing (p23). If anyone went or is going could they reveal the secrets?
How to turn $7900 into $225000 in 3 months, how to own a $230000 investment property with zero debt in one year and the creative property strategies they talk about.

Are there any lenders or loan products where you can borrow to build and not start making repayments for a period of say 6 months to allow time for the construction?

If you build 2 homes that are joined, a duplex, do you still have to subdivide the block?

[]The answer to the question is [] 99%of what u read on the internet is BS.[]

What I would do is combine the $40,000 with the IP loan but I’m still not shure whether there is some ruling in the homestart contract that I cant use the equity.

Property is worth about $160,000
Owe about $40,000
Interest rate is 6.72%