True definetly need $$$, you may have the tax man breathe on your neck. The ATO seem to target these sort of ventures with a thickish magnifying glass. Unneccessary pressure can slow things down.
Having said that it is solid scenario

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people buy what they love

Introduce feng shui & target like minded buyers, in one of my experiences I spent $5000 total on a master to come in & put simple improvement in. Targeted my asian buyers and got a wopping 45K extra. ( thought it was flook at first ), not so some few PROP’s later.

[strum]
people buy what they love

Depends on many variables :
product/contract, neighbours, market interests ( type of building what it has to offer )

costs can be high = high tax deduction

can use this if one has other trusts/companies etc.. to help each other along.

Long term goal is prob the real winner here !

Back to original quote yack. personally I wouldn’t have plan to get to that situation, however one can also sproose up the joint. ie.. get feng shui master to do his/her stuff maybe then rent can be upped a bit. Definetly price will sore then one will be able to get in better sted for higher yeilds.

[strum]

Thankyou for your input learned friends. Assets mentioned total 1.8 mil with 150k income. What would be the banks answer if wanted to borrow a total of 1.45 mil ?

[8]

What if I did buy a 1 PROP before 2010 & used it for my own residence. ( zero income generated )

Am I still exempt ?

Some say abolishing by 2006 ? It may be a political voting ploy.

Thanks Simon,
Just curious if I did purchase at say 1 IP per annum & sold mentioned PROP in 2009 what would that equate to ?

I lived in PROP for seven years from 1997 to 2004

I’ve read the book 3 times in past twelve months, once per IP purchase.

[^]

Hiya lifestyle,

Sure the pace slows for a while, but the riches far exceed the IP factor.

I am the richest man on earth ! And I wouldn’t give it ( my family ) up for anything.

Lifestyle your choice is a simple one, go chase your dream of property ownership. Then choose one of your 100’s of tennants to be your partner ! [:0)]

Michael
“just be”

Hiya Crissos,

The universe rearranges itself to accommodate your picture of reality.[]

Take those paradigms that surround you & stretch the bageezez out of them. [:0)]

Ow and as Westan wrote :
anything is possible

Michael
just be

Hiya,

First thought that comes to mind, being a family man is :

You cannot stick a sibling in a share when they have come of age and need a start, but you can fit them comfortably in a house.

To handle yourself, use your head. To handle others, use your heart.

Michael
just be

[]

It’s to make you think about the questions , ” have I just made a rushed decision “, “am I TOTALLY comfortable with what I’ve just SIGNED” & my favourite : ” Gee I better read the contract IN FULL ” !!![]

MIchael
“just be”

Thank you guys,

Good input & Simon good reality check , thanks !

Michael
” just be”

A person who aims at nothing has a target he can’t miss.

Look for opportunity & be the source.
I’ve no need to work, I am happy with what I have.
A few IP’s, an average shares portfolio & unlimited opportunities. [8D]

ps I’d put the lotus in the garage also, there paint jobs do not like the harsh elements []

Michael
“just be”

Hiya,

I’ve heard that the next PBust ( when it happens ) will not be so time repairing, last one took 7 years previous one took 8 years. This next one will be 4 years tops, therefore preparing for damage control can be on the cards for IP owners.

Michael
just be

They look @ the maths on there END, if it’s within there formulated guidlines your in !

Michael
just be

Hiya all,

I’m curious Simon, if you were to sell this bare land to a family member for say 50% less.
Does the same maths apply with you paying CGT, do they ATO use your selling price or is it council evaluated ?

Michael
just be

PS thank for your help lately []

[]

Now this is what I call brainstorming, come on guys !

Bring it on

What about fixed interest rate in othe countries Jason, US is very inconsistant. [?]

Michael
just be