J Edwards,

Firstly, I responded to this question of yours once before, as did a few others, perhaps you could do a search and revisit and re-read these answers.

But for the record, I told you then, and I will do so again now, YES YOU WILL LOOSE HALF OF THE DEDUCTIBLITY (that is, you will be taxed on the full 100% profit) through CGT if you sell…[Read more]

Try http://www.realestate.com.au go to “Rental Properties”, click on the state of your choice (in this case NSW) and fill in details in the search box, you can even select “Advanced Search” and nominate from $-$ figure, no. of bedrooms, type etc.

The first and best way of learning is to DO things for yourself, rather than be spoon fed, plus it provides…[Read more]

No problem Kay, most people are pretty cool in here, except for one ex-mod, I hear she’s a real bit** [wacko] so keep your eye out for her….real pill of a woman I believe!!! [tongue]

Seriously, sounds like an interesting doco, so if you hear when it is on next, I’d be grateful if you’d alert me to it as I wouldn’t mind seeing it for myself. I…[Read more]

Hi Bigboof,

This is a very vague question. “Crunching numbers” before buying property will be heavily reliant on what numbers you are crunching; that is, how much you have to spend, how much you want to get for your money (returns), whether you plan to buy positive or negative geared properties, and the list goes on!!!

You will need to be more…[Read more]

Welcome to the forum Kay!!! [biggrin]

No, I didn’t see your post, and can’t say why it was deleted, however as with most of us here at some time or other, a post/thread has been (not just edited, but) completed deleted without notification. Perhaps it was perceived as discriminatory in some way; or someone took offense??? [blink]

Maybe, as is…[Read more]

[blush2] How embarrassment!!!! [blush2]

Of course!!! How stupid of me, I didn’t for a minute think of the little rodents, and just blindly correlated it to some property/building terminology, hence didn’t even think outside the concrete square!!! [rolleyesanim]

Many thanks, I think I need to remember to refer back to the basics [grad]….oh the…[Read more]

My reference was to the properties being cashcows TerryW, not Steve; he’s the milkman!!! [biggrin]

Yep, and for us short stops who need all the extra height we can get; they are priceless!!! [biggrin]

Hellooooooooooooo……

Ok (putting hand up) pleading ignorance….

What is “lemming”??? Is it a 2004 property buzz word??? Have I been hibernating too long;[blush2] maybe I need to get down and dirty on the ground level more or something, cos this expression is virgin to my ears!!!

Thanks in advance [biggrin]

Jo

Originally posted by WallFlower:
Yeah, finally some one that’s shorter than moi. Monopoly i tower over you at a whopping 164 cms.
Wallflower, I always believed you to be a “tower” of a woman and now I can say with confidence that I have reason to look up to you, literally!!! [grin]

Ps Sonja, you shoulda gone, the bloke is eye candy, As a mother…[Read more]

Derrrr Way [blink]

It’s obvious isn’t it??? The famous “cashcows” have run dry!!!![grin]

Just kidding Steve, but you gotta admit, he did leave himself open for that one??!![tongue]

Jo

Hi Julie,

Welcome to the forum!!!!

Do NOT sell under 12 months otherwise you will loose half in CGT, provided of course you can sell at all, in the current market. Things are slow, and many properties are taking on average 12+ weeks to even get a nibble, let alone sell.

Cheers, [biggrin]

Jo

Gee I haven’t read this lady’s book, but using the example of not showering to save a few cents, I hope she reinvests the money on perfume instead, as she may need it!!!! Phew….[blush2][wacko][whistle]

Take a look for yourself, and you be the judge Domo.
http://www.somersoft.com/forums/index.php?

Cheers,

Jo

I do speak partially out of ignorance as i am trying to work things out ….

Ignorance isn’t a crime Domo, it’s a fact of circumstance, which ultimately through learning can (and does) change. I am as equally (if not moreso) ignorant on many other matters which I know little or nothing about. Never feel you have to justify this state; it is…[Read more]

Absolutely Kay, well said!!!! [grin]

[angel] Alleluliah…..I am redeemed [hypocrite]

Errrr sadly [glum2] no (shame file here I come)!!![bawl]

Although when newly single it may have been, but now that the husband is secured, perhaps not!!![guilty]

Thanks Derek, I feel soooooo much better now [blush2][blush2]

Cheers [biggrin]

Jo

No no no no no!!![guilty][guilty][guilty]

Not for one minute was I suggesting that one should forego having fun, and enjoying their lives. This was just an exercise in examining one’s unconscious spending; you know the odd cents/dollars here and there that add up over the course of time, without us actually realising.

IMO one should NEVER…[Read more]

While negative gearing is associated with a negative attitude eg I don’t want to pay more tax.

Domo,

You posted just after I did, hence I would also like to (as Derek has already done) comment on this statement. IMO those that view negative gearing in a negative light, do so from nothing more, than out of ignorance. There are pluses and…[Read more]

Domo,

The best position to be in, is where you have a healthy balance in your porfolio, that is a combination of -neg and +pos IPs to help balance things out.

The biggest problem with most people who are heavily -neg geared is (as others have pointed out) being cashflow strapped. Problems arise when/if these investors need access to money…[Read more]