Thanks for the tip, never heard of Cashflow 101 until now, but will definitely look into it a bit more after reading all the rave reviews on here.
My all-time favourite is (hence the username) Monopoly; I have 6 different versions of the boardgame at home, including one for the Xbox and one for my pc…..is that fanatical or what????!!!![blush2]
Having a JOB is a limited belief.
Not having a job is even more limiting!!!
Who said you need a job to obtain other peoples money.
Which do suggest is the better option begging for, borrowing or stealing it????
Having a JOB will also limit your time.
I dunno, you seen the dole queues on pay week at Centrelink????….now that’s time consuming!!!
Porperty is about the passion of negotiation.
True, but there have been many many times I have been “passionate” about my “offers” for property, only problem was, the vendor didn’t share my “passion” or enthusiasm for that matter, especially when I told him the price I was willing to pay!!! Go figure……
Sorry Aaron, but are you for real?????
I am all for that “warm & fuzzy” stuff too, but I am a firm believer in the adage:
An excellent remedy for fantasy is a severe dose of reality!!!!
Pleazzzzzzzzzzzzzzzz……………
Jo [sunny]
P.S. Please note of my choice of colour (blue)it has great healing qualities!! [whistle]
The likelihood of rents rising is inevitable (in the long run) as they cannot stagnate forever, however I do not believe the increases will be overnight….that is, you’re not going to see a house renting for $200 one week, and then $300 the next!!! Whatever happens the increase in rents, and rates, and house prices, and and and ….. come about over time.
Hasty decisions can prove disasterous; either when buying and/or selling. Carefully thought out decisions are the order of the day IMO, especially when making decisions on what to do with your investments; for any wrong move could COST YOU MONEY!!!! Think things through before acting!!
Having the cents sense to know when to stop (or at least take a break) is a crucial part of being a smart and definitely “serious” investor!!! Good on you, for knowing/realising your limits and acting wisely, unlike so many amateur investors who overcommit and then cry “boo hoo poor me” [bawl]when they crash and burn!!!!
Aussiemike, [idea] You clever little vegemite you!!!!! [juggle] [laugh4][laugh4]
Seriously though, (out of curiousity) would your body corp regs not also extend this exemption say to cover someone who was “sight impaired” thereby allowing them to have a guide dog???
I stand corrected, terribly sorry mrsimba, I forgot you were referring to apartment living, and as such Kay Henry is quite correct; it is not an individual landlord matter; you need to consult with your body corp.
Please forgive the oversight on my part……Knew I should’ve got that new eye-glass perscription filled!!!! [blink][blush2][blink]
Gotta laugh at the movie scripts whenever they make a weak attempt at the ever-corny “lonely housewife flirts or seduces tradesman when he comes to fix……”[blush2][][blush2][][blush2]
Yeah right!!!!! Very realistic!!!! What they forget is……the guy has to show up first, doesn’t he????? [blink][blink][blink]
Did you say “fleas-ible“???? [laugh4] Just kidding!!! [lmao]
Yes I agree, I think it is feasible, however as Auspop said, not too many landlords like the idea of pets!! Some landlords are okay with it, but you would need to check with them first!
As today is still within the 2003/2004 fiscal year, you will need to include the income from the sale to your 2003/2004 tax return!!!! Regardless of when you settle!! [blush2]
When you actually PAY it will depend on when you lodge your return, and if you have a tax representative do it for you (i.e. accountant or tax agent) you have UP TO April 2005 to lodge before penalities are incurred!! [rolleyesanim]
VICTORIANS:
The `3 day cooling off period’ does not apply to properties bought at Auctions. It only applies to private sales, HOWEVER if you take the Section 32 to your solicitor for perusal, the cooling off period becomes NULL & VOID (Conveyancers are okay though).
TIP
Remember a shorter settlement is often an invaluable bargaining tool in helping to reduce the asking price of a property!
TIP
Try and look beyond the bad colour choice or peeling paint, dated carpets or blinds, and the jungle in the front/rear yards. It may well look unappealing now but can save your thousands!!!
Monopoly, some times I go into nursing homes. You see these poor blighters lying in their cots(too old to have a bed,can’t be trusted to stay in bed.Can’t get out of their cot.Guess where they do their toiletries?
They live for four things,breakfast,lunch and dinner.And of course television, That’s it.
The day you stop is the day you’re dead, or so close it doesn’t matter. That’s why I said dead and loving it.A far better choice than the nursing home.
“Golden years” that’s a term dreamed up by some,
so the oldies don’t feel so bad about being old.
I hear what you’re saying Bbruham, but it’s not as black and white as all that; yes it’s tragic to see those cases in the nursing homes, but that is not all the old folk in the world; there are the ones who ARE actually LIVING OUT their “golden years” with families and friends around them (I have known many such oldies). Will this be you, or me???? Who is to say, no-one knows….all we can say for certain, is that if we keep busy, love, learn, work, rest, play, dream, hope etc etc etc, it can only serve to make our lives (perhaps not complete) but at the very least, worthwhile. ENJOY your life; Bbruham, you said in your other post “remmeber to reward yourself” well that’s true, but not just with office chairs, furniture or trinkets, but with “quality” time for you, and those that matter to most to you (your friends / family)…..be kind to yourself!!![medieval]
No I agree, one doesn’t have to retire and just sit back, and do nothing. Certainly keeping busy is the way to stay fit and healthy; but to assume that because one wants to retire or is making plans to do so, doesn’t mean they are going to just sit and wait for death to come and collect them either!!!! [glum2]
I can not believe that YOU people want to retire.
Retire to WHAT! Sitting around waiting to DIE!!!
Get a BRAIN!! Most important ,GET a LIFE!!!!
[baaa][baaa][baaa]
Whoa boy!!! [cowboy][whip]
That’s a pretty “deep” and rather abrasive statement you’re dishing out there!!!
Retiring or planning to retire isn’t an issue of “grave” (tongue-in-cheek) concern to most people. Indeed, there is no crime in looking forward to sitting back enjoying one’s “golden years”….but I guess for YOU it is a rather daunting thought…..why Bbruham????? What are you running from that makes you so fearful of “stopping”???? Don’t like what you see when you do stop long enough to notice what is around you???? Hmmmmmmmm…..??????[blink][glum2]
As any investor will tell you NOW is NOT the time to run!!! As the others have said, why not use the equity you have available to you and make good use of what is at present the “buyers market” ???
Investing is not for the faint hearted, whether it be shares or property, it all takes time, and of course there will always be up and down periods, but a smart investor understands this and knows to WAIT; the sun will eventually shine once more!![sunny]
THINK CAREFULLY before you ACT; or you may kick yourself later.