I know it’s not manners to speak on someone else’s behalf without invitation, but I do believe HotRod is joking!!! [blink]

You’re right Celivia, I’d call a change of occupation, a “job change” too!!!

Agreed, I have no intention of “splitting hairs” either, nor do I wish to enter a debate in semantics. People will define “retirement” for THEM as they see fit, be it correct or otherwise.

My belief is, that people choose to retire, hence they should be able to define…[Read more]

Celivia,

Retirement doesn’t have to been a work-death sentence!!!

Sure, mostly those who “retire” exit their day-to-day income generating lifestyles, but that doesn’t mean, they cannot continue working, for say, less income. In fact, it would be more beneficial to their health if they did so, as it will provide great personal satisfaction and…[Read more]

Hey Trish,

It’s cool; although I don’t like the term, I took no offense (just a gentle nudge in jest) [grin]

Now to answer your questions….

How long did I work??? Since I was 13 (before and after school) including weekends at times. As an adult I worked full time, studied both part and full time, and eventually started and managed my own…[Read more]

Hey Noob,

My only response to your question is to say, that the only time you will ever fully appreciate its (insurance’s) worth is when you have had an incident!!!

The number of times I would talk to victims of house fires whose homes (and lives) were ravaged by blazing infernos leaving behind loss and devastation, has firmly planted the answer…[Read more]

Hey Trish,

Firstly, let me set the record straight, you can call me whatever you like, but please please please [offtopic]don’t refer to me as a “sheila”!!! Don’t misunderstand me, I have no problem with anyone who is legitimately named as such, but apart from that, that reference would have to be the most “orkerish” patronising, demeaning slang…[Read more]

Originally posted by trisha007:
To Jo: I take offense at throwing my beloved cat at either of those lying politicians!

That’s fair enough Trish; I have a pet cat too and I wouldn’t do that to him either!!!![blush2] My apologies puss!!!!

Hey emc,

Thanks for the kind words; you’re a sweetie!!!

Secretgnome,

Look I am not going to apologise if what I said came across abrupt, mainly because I believe that although “sugar coating” is nice, it won’t help you get where you want to be. And I DO want you to get to your destination; so I’m not going to patronise you with kind words for…[Read more]

Thanks for that SF,

Thought she was in her 40’s; far too young!!!![bawl]

Jo

Originally posted by Michael R:
“subject to due diligence” is not a condition of contract due to being subjective and not easily defined.

My point exactly!!!

“the more “subject to” clauses attached to your offer, the less appealing it will be to the vendor”

This is not correct nor the mindset to have.

I didn’t say it nor the “mindset” (to…[Read more]

Hi Kristine,

A steady job, or 2 or (even better) sometimes 3

Researching, whether it was reading, attending OFIs, talking lots to all sorts of people, asking heaps of questions, and generally trying to learn as much as I could.

Being patient; I am a “buy and hold” investor, preferring CG over “cashflow” (although this is necessary as well for…[Read more]

Hey Blitzem,

I was 18 (just shy of it actually) when I started; and no one “sugar coated” it for me!!!

I admire what secretgnome hopes to achieve, and I don’t doubt that people CAN, DO and HAVE made it in 6 years, some even in less. However, thinking that today’s market (especially RE) is going to be enough to see you into an early retirement…[Read more]

shocked2] OMG….Laura Branigan; DEAD???!!![glum2]

Man, I used to think she was the BEST!!!

What was the cause of death??? I mean, she wasn’t that old, I’m guessing late 40’s????

Jo

Hey Secretgnome,

Forgive my cynicism, but retire by the time you’re 25; are you serious???? You are 19 now, no money, no job, and you plan to make enough through sales, businesses and RE in 6 years; what you’re part magician???!!!! [blink][blink]

As for your mentors (those in the same boat) man, you guys/girls must be on some awesomely heavy…[Read more]

Hi Msloydczka,

You can find the house first, and then apply for a loan, but I wouldn’t recommend you do this. What if you don’t get approval on your loan???

IMO I think you should approach your lending institution/broker FIRST, get verbal approval (at the very least), advice on what mortgage plan is best suits you/your circumstances (be it a…[Read more]

Hey Crest, Geo, Ali G

Thanks for your votes guys, but err…I would make a lousy PM; mainly because I like to follow through on my promises, and my tolerance of stupidity is NIL hence I would not get along with many of my fellow (BS)err…colleagues!!!

I just reckon the method I outlined, was a better way of voting. You see, whichever [clown]…[Read more]

For those who are unsure of who to vote for come election day, follow these simple instructions:

1. Hang a poster of Howard and another of Latham, next to each other, side by side that is!!!

2. Take a furry object; your aunt’s preloved boa, your uncle’s (shrunk in the wash) toupee, the cat [blink] or basically whatever you can find, and attach…[Read more]

Thanks Derek,

Sorry Adrian, for some reason, I was thinking about the capital expenditure in purchasing (ie. the conveyancing, stamp duty etc that Derek was referring to) used to calculate the cost base for CGT (if and when) you sell.

Derek is right, the “borrowing costs” is a separate lot of purchasing expenses, associated with the mortgage set…[Read more]

Hi Adrian,

I am no ATO expert, but I do know that you can claim the costs associated with purchasing a property, if and when, you ever SELL it. This is because these costs are considered part of the Capital expense, and can be used to reduce the amount of CGT (Capital Gains Tax) payable by you when tax time comes around!!!

Hope this…[Read more]

Hi coops,

Bear in mind that the more “subject to” clauses attached to your offer, the less appealing it will be to the vendor (say over one which has less or no such conditions) and the more likely it will be rejected.

But that is not the major issue here. My concern is, that if you are going so far as considering “subject to due diligence” as a…[Read more]