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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 23, 2014 - 3:42 pm

    Hi Benny
    Thanks for the welcome and yes Im glad Ive joined this site. So much information and the response to my 1st thread has been awesome. Going to look at the “Rent or Buy” link now as this is still a major contention for me. All very exciting I think, looking forward to see how it all pans out.

    cheers MM

    Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 22, 2014 - 1:05 pm

    Thanks Richard for your input. So much valuable advice on this forum. Ive taken it all on board and am going to start talking to some people about getting started. Talk soon.

    Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 22, 2014 - 1:02 pm

    Thanks Kinetic, reverse engineering is exactly what I need to do.

    Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 21, 2014 - 10:06 pm

    Breathing a little easier now.. Yep have depreciation report for IP. As to CG….hmmm after I built it probably lost about 30k over 3 years but is on the up slowly, been reading its going to go up again very soon (Sunshine Coast). As to buy or rent Im still in 2 minds (this is where I have to make a decision) guess Im used to having my own place and can do with it want I want. Hopefully this new job will make me see where and how I want to live. Not worried about the job probation, will give me time to get everything sorted. Thanks so much for your advice I might even sleep tonight! If you can think of anything else it would be appreciated, Thanks Kinetic

    Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 21, 2014 - 9:17 pm

    Thanks Jamie..re retirement see above reply. I’m looking to do something in about 6 months as I am about to start a new job and of course will have 3 months probation before I can go for any sort of loan. Just looking to set myself up so when the time comes I know (I hope) what I’m doing. With so many brokers and advisors out there is it just a gut instinct as to who to trust?

    Profile photo of missyminermissyminer
    Participant
    @missyminer
    Join Date: 2014
    Post Count: 7
    August 21, 2014 - 9:14 pm

    Thanks Kinetic phew… breathing…. thanks for your advice, much appreciated. My renter which was PPOR is valued at about $440k and I get $420 pw rent @ the moment, hopefully $10 more from Oct. I pay $410pw rent in Bris. Ive always believed rent money is dead money so have aimed to have a PPOR but the more I read maybe not?… Breathe lol….. I am wanting to retire in about 12- 15 years and would like to have IP’s providing me income. As my renter was a PPOR isnt there some capital gains penalty if I dont move back in within 6 yrs of renting it out? So many rules!

Viewing 6 posts - 1 through 6 (of 6 total)