gmh454,

True, another 4 months is not going to make a huge difference in terms of capital gains with respect to value of the property. My point is simply, why pay ANY capital gain, when you don’t have to. Even if Shackles off makes a loss, another 4 months won’t make a huge difference, and it will be a few months of extra claimable deductions.…[Read more]

I’d suggest you hold onto it for at least another 4 months to take you over the 12 month threshold, which will make you eligible for the 50% CGT discount. If you sell under 12 months, you will be liable for the full 100% CGT bill.

What you do from there is up to you. It depends on the value of the property; that is if it is growing in value,…[Read more]

Regarding NET figures, it is not hard to work out the worst case scenario. Just take the gross figure and take away 48.5%. The sceptics should be happy that they have a NET figure then.

I’m no financial whiz, but even I know that the worst case scenario doesn’t necessarily equate to the above formula. There are people who have (and do) achieve…[Read more]

Without getting into a heated debate about the program, and I must agree shows such as TT really are not the most reliable source of information. They are more “overview” type of programs aimed at attracting your attention and boosting their ratings.

The biggest criticism most people have of Steve’s second book (re the MAPPERS) is the omittance…[Read more]

Subject to Due Diligence??? [eh]

How and what do YOU define as “due diligence”??? This varies from one person to the next, and even so how can it be proven that you have done it satisfactorily and to what degree. Frankly I think you will get the same response as that which I had when I first read suggestion of such an inclusion….[blink]

Jo

Okay Yack, you win!!!

Forgive me if this does not sit well with everyone, it was not designed to accommodate anyone in particular, but rather a summary of my year as I saw it:

2004 for me was the year:

1. I stumbled across what appeared to be an investment forum, but later discovered was indeed (as someone so aptly described it) a fanclub more…[Read more]

Benzene is a name for the chemical compound used to make petrol.[biggrin]

Hey Minxii,

As per the last paragraph of my post which highlighted same, with respect to 100K this is about as good as it gets in Victoria. Sure there will be people that will tell you otherwise, although I’d imagine not too many realistic ones (people) that is. Unfortunately, even if you do find something <100K in a regional town the…[Read more]

Hey Alex,

Don’t let it bother you, alot can happen in 5 years. It’s the nature of the beast, and I find it amusing (to say the least) after watching 4 cycles to find my first IP bought for 27K nearly 24 years ago sell for 550K in a cool market….go figure!!! [biggrin]

“Sit down, buckle up and enjoy the ride” I always say!!! Works for me!!!…[Read more]

Hey Minxii,

Don’t know about the finance side, you’ll have to check with one of the MB’s on here, but as far as properties in Victoria under 100K, here’s a few I sourced from http://www.realestate.com.au in less than 5 minutes using the Advanced Search (stipulating 100K max). By the way, I didn’t even have to get out of my…[Read more]

Here are the two articles from Somersoft as mentioned by Richmond:

http://www.somersoft.com/forums/showthread.php?t=18255&highlight=quiggles

http://www.somersoft.com/forums/showthread.php?t=18101&highlight=quiggles

Should make for some very informative reading!!!

Yep you guessed it!!! [biggrin]

Yep I daresay more of the “where can I buy positive cashflow properties?”[blink]

Hi Jules,

I don’t know that I can shed too much light on the subject, even as a fellow Victorian. However what little I do know is that the SRO is looking at changes (increases) affecting land tax across the board in Victoria with the biggest impact being on commercial properties.

Businesses will be hit hardest. In the news just this evening…[Read more]

Different crowds Yack!!! [blink]

Luke,

If you bothered to do a search on the 11 second solution this thread would have been among many to pop up and was posted as recently as only yesterday:

https://www.propertyinvesting.com/forum/topic/14386.html

In it, Mr McKnight offers an explanation of same, and even suggests that if you have further problems understanding this theory,…[Read more]

Hi Lumwood,

I guess the “worst house in the best street” probably defines it well for many, just as long as the “worst” doesn’t mean too many $$$ otherwise it can chew up all your profits.

For me personally, a property that requires a little (or a bit more than such) cosmetic enhancements (paint, plaster, polishing, cleaning, re-freshing etc)…[Read more]

Seriously though, have I ever told you Niki and I are spelling authors? (Legends in our own lunch hour!!) We wrote Rigby Heinemann’s “Strategic Spelling” Program (14 books from Grades 1 – 7). It’s still a best seller after all these years.

Yes I know the program well!!![biggrin] I am humbled by your presence!!! [thumbsupanim]

Seriously, that…[Read more]

Hi Keira,

No you will not have to pay any CGT if you sell within the 6 year period, PROVIDED you are not claiming another property as your PPOR at this time, for example if you are currently renting elsewhere.

You are only even entitled to one PPOR at any one time, with the exception of a 6 month transition period for instance if you are moving…[Read more]

Originally posted by Greg F:
Originally posted by FireCaesar: I’m not sure how one goes about obtaining the rental yield (%) when given the value of the property with the rent per week. Perhaps someone can enlighten me on this. Thanks.

Monopoly answered me back in May this year on precisely this question. Hope she doesn’t mind if I quote…[Read more]