Thought you’d put your 2c worth in Derek!!! [biggrin]
Always a pleasure hearing from posters such as yourself…..always the voice of reason and so diplomatic……sheesh!!! [blush2]

Jo

Originally posted by eRRaTiK:
not sure if that was sarcasm, but my response would be something along the lines of “it depends on what your investing goal is”. if it’s +cf that you’re after, then it’s definitely worth considering renting the place out. Nothing wrong with having both +cf and +ve CG

eRRaTik,

Nope no sarcasm intended, strange for…[Read more]

Originally posted by padmaa23108:
We have another 3 bedroom house which we bought in Sep 2002. It appreciated in value by about 50% since we bought,but the cashflow is -ve. We have put it on the market to realise the capital gain and invest elsewhere +ve using Steve’s strategy of multiplication by division. Is this the right move?
Please…[Read more]

Interesting comment resiwealth,

Please do indulge my curiousity a little; I am assuming here (so please forgive me, we all know one should “never assume”) that you have drawn this conclusion based on your own infinite wealth/wisdom as a comparison to those less fortunate???

I for one, am intrigued, as to what has lead you to make such a…[Read more]

Tim/Agile,

You are correct, racism is and as you have attested to, often transformed into matters of a “personal” nature, this is not because of intellectual facts, but as the result of personal views and experiences of real people, with real emotions.

There are far too many levels of discrimination be they gender, racial, cultural or…[Read more]

SuperTed,

I really love your signature!!!! [winking]

Jo

Originally posted by agile:
in answer to your question: Yes racism still exists in Australia. However things are better than they were say 40 years ago.

And you know from personal experience what things were like 40 years ago??? You are well travelled, well versed in the racial wars and discrimination that goes on between men, against women,…[Read more]

Jess where you been living for the last X number of years of your life???

Racism, social injustices, violence/crime….all realities of life; sure they are not fair/right or wanted, but they exist. My take is simple, you don’t like it, do something about it….in this case, don’t use those terms/expressions, and wherever/whenever possible, do…[Read more]

Absolutely, 100% without doubt my dear SIS !!!

Someone in here once suggested I “re-direct my energy towards helping the environment” and I wasn’t sure if they were inferring the practice of recycling or just plain helping others (just kidding, I knew full well what they meant). Sadly, this person spoke out of ignorance (and with just cause, as…[Read more]

Originally posted by Rose:
Hello Monopoly – I checked out your pic – check out mine!!

shocked2] B**CH !!! [wacko] Errrr…just referring to your customers of course!!! [biggrin]

No seriously, you look fantastic Rose, you scrub up well for an old bird!!! (Just kidding; like I always remind my juniors….I have habits older than you)!!!

Catch…[Read more]

Wanting more,

Making improvements is always a good thing to do, as it adds value and helps increase returns. Furthermore, if you can do it yourself and save some $$$ all the better.

You are doing the right thing, but from what you have described, I would expect that the ATO will view all the new items and your hard work as CAPITAL EXPENDITURE…[Read more]

Try this as well, but do remember it is only a guide to help you determine which of the two methods should be employed (as the cheaper option) when working out CGT.

http://www.cch.com.au/cgi-bin/cgt00isapi.dll/

Jo

Misty,

At the expense of repeating this answer, which you have asked before. As the property is an investment, the reno/repair can and is claimable in one of either two forms:

1. As a capital expenditure calculated as part of the cost base should you ever sell the property.

2. As an immediate deductible claim,if the work is done between…[Read more]

Originally posted by Pelicaninvestments:
Somersoft is where you go for facts and information.
Absolutely!!!

PI is where you go to debate an issue…..
Hmmmm….now that’s DEBATE-ABLE!![wacko]

There’s always the chatroom at SS which is full of fun and lots of friendly chatterboxes swapping yarns!!! IT ROCKS!!!

Catch you there Pelican!!! [winking]

Originally posted by Terryw:
It would be very hard to use a managed fund as security
TerryW,

You CAN use managed funds as leverage/security, however (according to info from my accountant) the issue is in the percentage permissable. That is, it will be lower than if you were putting up other means (eg. home) but is still quite an accepted and…[Read more]

Tungasauras,

You have three options:

1. Look at more up-to-date figures, as well as varies other data including those provided by ABS, sales reports, and just generally make use of research information from a broad spectrum of origins (websites, council records, govt reports)

2. Look at the 2001 census report indicating a 4% decrease, and try…[Read more]

Hi JoD,

As far as the rent, Derek is right it is none of the BC’s concern; so tell them to (politely of course) rack off!!!

As far as your area of interest, try communicating with kp (that is his username) from this forum, or you will find him as kph in Somersoft. Apart from being a really lovely person, he lives in Karratha, so will be an…[Read more]

Originally posted by Sonny JIM:
Does anyone know of any good, relaible builders in the west coast of Tasmania?

This might be of interest:
https://www.propertyinvesting.com/forum/topic/12320.html?SearchTerms=Builders,in,Rosebery

Originally posted by MiniMogul:
Pelican, “I have hardly ever seen her to be abusive….” a lot of stuff happens on PMs unfortunately/fortunately which means you may or may not be in the loop. Suffice it to say, I have disabled my PMs for the time being.

Mini,

I have to step out ATM but just quickly, any disagreement we (you and I) have ever…[Read more]

Thank you, I had noticed this, and on behalf of people like Joseph, I appreciate it.

I would also appreciate you remove the reference to my rumour mongering. It was because of same, that I resigned from your prized place at the table I might add!!!

Nevertheless, enough said. There has been too much animosity already, and it does not sit well…[Read more]