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

If you are prepared to sell off an asset which has grown 50% in just 2 years, IMO you’re a fool!!! Even if the cashflow is not positive, the growth is fantastic!!!

But hey, what can I say??? Welcome to the “cashflow is king” fan club!!! You are among friends here in this place, and should fit in perfectly, with other like minded people share the same “CG is not that important, cashflow rules” view!!!

Enjoy…..[grin]

Jo

P.S. I didn’t answer the first part of your question, because I was so engrossed by the part which I did reply to. Hence, as far as student accomm. is concerned try someone like MortgageHunter (Simon) who runs such an establishment and/or do a search in here or in Somersoft (another forum) under “student accommodation”; there is plenty of info on this topic that should prove useful. [biggrin]

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 socioeconomically based, and all are sensitive issues, hence to further avoid the possiblity of inflaming this debate, I will respectfully agree, and leave the matter to each person’s individual take. Unfortunately we cannot eliminate racism from our world, but perhaps with a little bit of understanding and consideration we can learn to live in harmony as best we can, regardless of the land in which we live.

Jo

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, societies, cultures???

When you have lived it, experienced it, fully understood it’s consequences, then and only THEN will you see how things are in this country and in those of foreign nations!!!

Gimme a break!!!!

Jo

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 at that time I had never publicly announced my volunteer work as I felt no need to; it’s just not my style) unlike their profile which is so long and detailed that it almost requires an index page!!!

Anyway, what does all this have to do with Karma (and/or success) you might ask…..well, in regards to my story above, I cannot give you a definite answer right now, but I believe that in time this person will come to understand what I have for so long tried to tell them; my only hope is that they will broaden their outlook before any real problems are realised.

My philosphy is simple, NEVER JUDGE ANOTHER without knowing where they are from or at, to start with, and certainly don’t advise them to do the things you yourself don’t practice, otherwise you can bank on the universe (KARMA) paying you a visit and slapping you down a peg (property??) or two for your hypocracy!!!

Be true to yourself, and to others and not only will you be rewarded for your honesty, but the Karma you do get back, will all be good!!! [angel]

Cheers, [biggrin]

Jo

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 which will be calculated as part of the cost base when and/if you ever sell the IP.

All in all, well done!!!

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 tenants.

Either way, you get to CLAIM money spent, it is just a matter of whether you can do so now, or later on when you dispose of the asset.

Too easy!!!

Jo

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 feasible option.

Cheers,

Jo

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 invaluable resource in helping to spot other worthwhile local properties.

Cheers, [biggrin]

Jo