Just teasing Caleb!!!! [biggrin]
You old man you!!!! [grin]

Originally posted by successwithin:
i was quite a buisness man when i was young..

When you were young??? [laugh4][laugh4][laugh4] And now you are……???? [blink]

Have to agree with Super Ted, Somersoft has a greater selection of topics, and the quality of responses is far more factual!!!

Jo

Well it was YOU who replied to the thread:

https://www.propertyinvesting.com/forum/topic/12852.html

in which you said it was never too late when it came to missing the boat. As you responded to Nadrob’s thread, and made a claim that it wasn’t too late; it is assumed you know of some deals that others who live in Melbourne may have overlooked.…[Read more]

Chill out boy!!!

I didn’t say that SA was going to boom, but the possibility for it (or any other state) is not an impossibility, and just because certain parts of it are undervalued, doesn’t mean they will remain that way. Investing in cities is always a bonus regardless of the state; sure some will perform better than others, but all in all,…[Read more]

Gambini,

You seem to be as knowledgeable of the SA/Qld markets as you are of the Victorian ones!!!

Jo

Hi Isabelle,

Here’s two more:

Mortgage Broker

Although I agree with TerryW, you shouldn’t have too many problems simply because you are single. But if you do, try one of the MB’s here in the forum; they are a great bunch and will certainly steer you in the right direction.

Cheers, [biggrin]

Jo

Correct TerryW!!!

The fact that Misty is living it in will not attract a CGT, however the fact that she is renting out part of it does, therefore the 6 years exemption would not apply.

Cheers,

Jo

Domo,

Take a look at http://www.reports.rpdata.com.au and select the state, then suburb of your choice. It’s not a comprehensive graph, but it does have some valuable info.

Cheers, [biggrin]

Jo

No problem emc,

Remember once you’ve picked an area with SA that sounds like it might be worthwhile, do some research on it and see what population decline/growth stats, infrastructure info etc you can find. Try the local councils for some of this info.

A few good sites to start with include http://www.reports.rpdata.com.au or http://www.domain.com.au…[Read more]

No problem Domo,

I didn’t believe for a minute you don’t like kids; I just realised that your (well meaning) friends didn’t advise you of the possible legal implications of discrimination associated with this kind of practice.

Cheers, [biggrin]

Jo

Domo,

You can discriminate against pets, but don’t even try to make it look like you are discriminating against children otherwise you could be have legal battles on your hands!!!

Pets is one thing, but children an entirely different ball game. NEVER EVER EVER advertise NO KIDS; even if potential tenants don’t have them; they won’t come near…[Read more]

Yes Gambini,

I’m still here, and yes, you can claim wear and tear (depreciation); I didn’t say you couldn’t. Misty ask whether CGT applied, and that is the only part I concentrated on.

Jo

False Misty,

You will pay CGT but it will be apportioned accordingly because you were living there and claiming it partly as your PPOR. However, as with any home/PPOR, regardless of this fact, because the property is used to generate income, you will be taxed accordingly (hence CGT applies).

Jo

Originally posted by Gambini:
I find it suprising that a Qlds investor would be looking at adelaide since the qlds market grew more than any other over the past year

Why surprising???[blink] It is called diversity. Any smart investor will tell you, it can prove very profitable to invest in undervalued areas which have yet to experience their…[Read more]

Originally posted by Gambini:
YOU CAN NEVER MISS THE BOAT
Someone who also read steve mcnights book said it was shit . Why because they said it was pre boom so i said well if its now post boom than you must look at it as pre boom again
HAPPY HUNTING

Gambini,

You know the Melbourne market do you???[blink]

I never said Steve’s book was good or…[Read more]

Hi fjficm,

How are you???? Long time no hear/read!!!! [biggrin]

Seriously, I’d do a bit of research into rental properties with pools. I think many people feel apprehensive about buying investment properties which have pools in them because of the possible dangers (ie. drownings).

However if you have adequate public liability cover, it is…[Read more]

Caleb,

Property will always be around, but the opportunity to kick around the soccer ball with your current friends may not be!!! Put yourself in your friends shoes, they care about you, and want you to be a part of their lives; and that life is about having fun!!! If you ignore their calls to go out, they may not call as often, and eventually…[Read more]

Hey Nadrob,

Sorry to be the bearer of bad tidings [blush2] but your chances of finding a good investment property anywhere in Melbourne for under 100K is as possible as pigs growing wings and flying south!!!

If you manage to find ANYTHING remotely worth buying in Victoria, it will more than likely be in a rural country town, somewhere out the…[Read more]

No problem Domo,

Always (as are most people here) happy to help.

Let me give you an example (I should have done this earlier).

I bought a place not long ago; a 60’s style house, very run-of-the mill type that you would expect some little old lady with blue rinsed hair to step out of. Except for the manincured garden with its beautiful floral…[Read more]