Forum Replies Created
Gotta hand it to you guys (and girls) I admire your spunk!!!
I feel like I was being a real “worry-wart” about the whole earthquake and fault lines thing, but I guess what I didn’t consider was people’s experiences.
For those of you who have lived in NZ or have invested there, you would obviously know far more about the place than I could ever possible know as the occasional tourist on holiday there.
Thanks for enlightening me; and putting my mind at ease. If there is one thing I can say for SURE and that is, if spirit counts for anything, then the strength demonstrated in your responses will keep NZ shores safe for centuries. [thumbsupanim][thumbsupanim][thumbsupanim]
Cheers,
Jo
Yes Kay, but the word I was thinking of was “sick” actually.
BTW I edited my original post. I have since PMed RussH to apologise for being so hard on him. At least he behaved responsibly in his non-responsiveness, and didn’t play games!!!
Jo
<off topic, richmond>
Mini,
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Jo
Minimogul,
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Jo
Originally posted by lifeX:Jo,
Could you reduce your cap gains for the year by paying me as an investment advisor the equivalent $1000 that your cap gains were. I give great advice(ie; houses need a roof and other pearls of wisdom).
You could then claim such as a legitamite (spelt?) expense against your cap gains.he he he[dead2]
[daisy]
lifexperience
Why LifeX what a fantastic idea [thumbsupanim][thumbsupanim][thumbsupanim], send me your business card and I’ll add it to my rollex-file, and put it under “B” for BLOODY BRILLIANT!!! [specool][lmao][tongue]
Thanx for the comment Castledreamer,
I am glad to see people didn’t take it too seriously. I realise there are real quake issues in NZ, and it does concern me, especially people living on or near major fault lines (not that I can tell you exactly where they are, geographically speaking).
If people are happy to invest in NZ, that is cool; after all, it is a beautiful country. I just wondered whether people really looked into it and/or were aware of the dangers.
As someone said, you can get hit by a bus outside your front door, true!! But there are accidents, and then there are miscalculated judgements aren’t there?
If it has made people think then that can only be a good thing, can’t it??? It was not intended to deterr anyone, only to raise awareness. As for the TV show re NZ quakes, sorry I missed it, and yes that is quite a coincidence; maybe my mind knew about the show but my body (i.e. eyes/ears) didn’t get the message in time to turn on the telly!!! LOL
All in all, NZ is a great place to visit, and I hope to keep doing so for many many years to come.
Jo
Thanx Melbear,
The cut off date for tax returns done through agent is 30 April, however (as you have correctly outlined) you can extend this to absolutely max. 14 May, which after that you run into the likelihood of being audited.
But why would I want to repay any tax in November (if I did it early say 1st July) when I can leave it till May/June the following year??? Once you get the return done in say April, you get a further 6 weeks to pay up; taking it to around mid June.
If you are happy to pay in November, that’s cool, but me….I will sit on my money a little longer thanks! (If I have to pay that is!!!)
As for buying in Canberra, enough of my money goes there (i.e. tax dollars) as it is now, I don’t plan to send anymore over even if it is in the way of property investment. Besides I had interstate properties once, and got burnt by bad PMs. I have no problem with other states, just prefer to have my IPs local that’s all.
Jo
Guess some people just don’t read all the posts, before they add their bit.
Steve hasn’t answered the question yet, but in the interim….does anyone in here know……if Mr McKnight has reached his goal (by 9th May 2004) of 500K passive income per year????
I, for one, would love to know. [hmm][hmm]Jo
Originally posted by kay henry:I mentioned a place where these CF+ exist the other day on here, but I got howled at, so I won’t mention it again :o)) oh ok then- broken hill!
Kay, you go right ahead and mention them, and any place you like, and if it gets shot down, make sure you fire back with as much spunk as you demonstrated in your retalitory post!!!!
GO GIRLFRIEND !!!! [jerry][jerry][jerry]Jo
Thanks gava1,
yes it is sooooooooooo much quicker!!! Will keep that one in mind.
[biggrin][biggrin][biggrin]
Cheers,Jo
Hi Stephen,
Firstly, I must be the only one here who HASN’T read Steve’s book, hence I cannot comment on the formula of the 11 second test.
I am assuming that is related to ensuring that you buy a property that proves to be cashflow positive e.g. like one I saw advertised on the net…..$45,000 (purchase price) with $90 p/w rent.
Such bargains do still (apparently) exist, but they are becoming more and more difficult to find. I personally have better things to do with my time….I have found the odd one, but wouldn’t let my dog sleep in it, let alone try to rent it to humans!!!! As a matter of fact, there is a show on telly tonight, where some guy auctions his house on one of those shows, and the asking price is $10,000 – but man, you should see the house, not to mention the crowd gathering to bid!!!! Ferral city !!!!! [rolleyesanim][rolleyesanim][rolleyesanim][fear][fear][fear][hmm][hmm][hmm]
Happy hunting…
Jo
1……2…….3……..4……..
Err what’s that you ask, my occupation???????
Bean counter, bean counting for ages now, still haven’t come up with the same answer twice!!!![worried][upsidedown][laugh4]
I need help…………!!!!![wacko]
Is there a doctor in the house????? [winking][winking]
Jo
Originally posted by SteveMcKnight:Around the same time we made a goal: $500,000 per annum in passive income by 9 May 2004.
So did you reach the 500K passive income target? You neglected to clarify this.
BTW Hope you had a happy birthday [biggrin]
Jo
Hi SIS,
I completely agree…..give me Capital Growth over “money in my pocket today” anytime…patience pays off remarkably well.
One of my favourite examples…..I bought an IP back in 1987 for 170K, I sold it in 2000 for 750K….now do the math on that one!!!! I am where I am today as a result of Capital Gain, not +CF investments. I am not tsk..tsking anyone who votes for +CF properties (especially ones that have good CG) but my sums have added up well, and patience is a definite must when neg gearing. If you want to make a quick buck….try the roulet table; I’ll stick to “buy and hold” (for now) and when the market picks up (as it eventually will) then I sell at a huge profit, and leave the +CF investors for dead!!!!!
Okay, sock it to me you +CF lovers; I can handle it!!!!!!!!! Just be gentle though….I bruise easy !!! [blink][blink]
Jo
Originally posted by start:Hello All;
I’m still new to the game, so at the moment it’s all work for me.
Regards – Start
Oh well, as the saying has it “you gotta start somewhere” [lmao][lmao][lmao]
Welcome Start, sorry but I couldn’t resist!!! Anyway, hope you stay long, learn heaps and prosper.
Regards,
Jo
Thanks Derek & Brahm,
I stand corrected. I have only ever had an IO loan for a small amount, and I wiped it out fairly quickly, therefore I am not familiar with the mathematics behind it all. That is where by hubby is more knowledgeable, and I am sure he would tell me the same thing if I had made that statement to him.
Cheers,
Jo
Originally posted by wayneL:The rent will have increased in line with that, but your repayments will remain the same(assuming steady interest rates).
Ummm….that is your repayments will stay the same if you have an Interest Only loan, but if you are contributing to the principal (along the way) – your repayments should lessen (again, assuming interest rates are steady).
Jo
Hi Coney,
Why switch when what you are doing works? The “joys” you talk about is greater amount of cashflow due to being “positive” geared. Extra money is always a good thing, but it is not always the best thing long term, if the level of growth in these properties is minimal (and I don’t mean, nil – just in case anyone out there is getting their back up).
+CF properties are very difficult to locate (almost damn near impossible), they area often spread out far and wide, and the condition of some – poor. Depending on where you live, some states have virtually nothing left in the way of +CF properties, and you may need to look to overseas investing i.e. NZ.
Having said that, I am sure there are some in here, that will re-direct you towards finding such properties. But again, at the sound of repeating myself, “if it ain’t broke, why fix it?”
Jo
Originally posted by Fern:I live about 300 metres from a major faultline.
They recommend a 20 metre setback when building on a fault.Its just part of life here, we had two local shakes over the weekend. I’d be more worried about aussie fires than kiwi earthquakes.
Fair enough, as long as you are okay with it; that’s cool. I adore NZ; it is a gorgeous country and I hope nothing happens to it EVER, as I would really miss my kiwi holidays now and then.
As for bushfires; yeah, I’d be heaps worried – if I lived in the bush (but I don’t)[blink].
Jo
