shocked2] Wow Kay, shocked2]

If I told you that I had to pick myself off the floor after reading your reply post, you’d probably think I was being my usual sarcastic self, when in fact, I am overwhelmed, and that’s just because (for the first time EVER) you have called me by my name!!! Many thanks!!!

Nonetheless, back to the issue at hand.…[Read more]

Kay,

Of course there was a level of skill required. I don’t believe for a moment that the properties you acquired over the last few years just fell into your lap. You obviously chose them carefully and with much forethought, and in return, one would expect provided you adequately did your homework (which I am sure you did) you will inevitably…[Read more]

Originally posted by qwerty:
Hey mono,

Pity the family law courts don’t see it like that (what’s yours is yours and what’s his is his).
Marital assets are marital assets no matter whose name their in!!!!!

Hey qwerty, ain’t it the truth!!!!! [glum2]

When I say MY IPs it is only as a reference point, as I do not refer to my husband’s IPs…[Read more]

Kay/Residentialwealth,

From my limited experience in property (commercial and/or residential) there is little money to be made in a flat property market, anyone who argues differently is dellusional. Sure commercial properties may well, and indeed do, return higher rental yields than your average residential, but then your initial outlay…[Read more]

Personally, my golden rule, never buy in joint names, even with your husband/wife!!!

I have been buying separately since I was single, and it hasn’t changed as the result of two marriages. Whenever I refer to my IPs, I am referring strictly to MY assets, not my husbands, that is a different story.

BTW…IMHO a PPOR is an asset not a liability,…[Read more]

Hi Flash,

I am “assuming” then that the tenant is wanting to change her lease to a “month-to-month” type of set up in that case???

Having to travel extensively is a real pain, and I can fully appreciate her situation, thus I would tend to be somewhat more empathetic, and as such leave the monetary things as they currently stand.

My main reason…[Read more]

Before making any decision, I’d be asking a couple of questions first…..

Why do they want a periodic lease???

(I am assuming here the tenant is current, and if so…)After how long???

What is the time length of the “period” they are seeking???

Cheers,

Jo

Originally posted by gilad:
I have two major factors with this:

The first being that if i want, i can live at home with my parents, and hence pay no rent. However, if i don’t live in the first property for 6 months, then i won’t qualify for the 12k fhog. I think i do need it…

Whatever you do read this warning…[Read more]

No problem [specool] thanks for that Phil, but errr [eh] still not sure if you’re asking me or Andrew, but as far as I am concerned, sadly no I’m not (my husband in the golf pro in the family) [biggrin]

Cheers, [tongue]

Jo

Hey Phil,

I don’t know if your question is aimed at Andrew or me, but for the sake of curiousity, what is RPGC??? [blink]

Cheers,

Jo

Hi Andrew,

Firstly I need to clarify that I am not against cashflow or income primarily, only that CG is important to sustain long term wealth, which inflation and other factors can chip away at.

As for your question re skill in establishing what has or hasn’t got CG potential; it is true that alot of this is reliant on the market, and what is a…[Read more]

Hi Robbo,

The difference between a dual occupancy and subdivision is the title/s applicable to the land. For example, the plans you have of building a unit/flat at the back of your property to lease out is fine and dual occupancy will cover this nicely, as both the unit and your current property remain on ONE SINGLE title, just that it has 2…[Read more]

Hi Daniela,

Derek summed CGT up beautifully, and if I may, I’d like to add that generally one of two formulae
are used to calculate the amount payable; these being indexed or discounted.

I have included a link which may help, and by filling in the boxes, the CGT calculator will highlight costs associated with both methods, and recommends which…[Read more]

Hi Andrew,

Have to agree with Derek on this one; I would steer as far from these “remote” properties as the word suggests!!! They may well be cashflow positive and hence generate income, but for such small returns, IMO it is hardly worth the headache, especially considering that you are not concerned with growth potential!!!

I still find it…[Read more]

Hi Gums,

The only way to know for sure is to ask the respective council in question, as there are differences from one council to the next.

Generally however, I would not imagine it to be a problem, after all, provided you satisfy all the requirements/legislation associated with this process, it is, at the end of the day, your land to do with as…[Read more]

Originally posted by bbruham:
Then I could annoy Monopoly by breathing into her right ear.
I prefer you do it into my left one!!![lmao]
Plus if I play my cards right,even score a bed for the night.
You wish!!!! [lmao]

Okay look, I have been following this thread for some time, and I can’t for the life of me, figure out where sense/sensibility took leave of absence!!!!

What EXACTLY is the point of the Latin lessons here, and what are we agreeing/disagreeing on??? [blink]

Jo

Hi Brenda,

I must admit I am surprised by your surprise [biggrin] of people buying negatively geared properties especially at a time in the Oz market, when +CF (as you have found) are becoming so much more difficult (yet not impossible) to come by!!!

People are starting to realise that +CF positive can be achieved in other ways, rather than…[Read more]

Hello Bonnie,

Congratutions are in order on two counts here:

1. For the purchase of your first IP (woo hoo!!!)
2. For asking, albeit a basic, but very worthwhile question, especially for any newbies out there!!!

Well done!!![thumbsupanim]

IMO smart property investing should incorporate a mixture of both +CF and -CF (neg geared) properties,…[Read more]

[lmao] More like a guru’s mother you mean!!!! [laugh4][laugh4][laugh4]

I am sure Steve realises I meant no disrespect to him as a result of my scolding; it was all done with the utmost regard of both his character and in recognition of his success!!!

Cheers,

Jo