Total Members: 159,188

Most excellent

  • Most excellent replied to the topic buiding & selling for profit in the forum General Property 20 years, 8 months ago

    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

    [strum]
    people buy what they love

  • Most excellent replied to the topic Effective Improvements in the forum General Property 20 years, 8 months ago

    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

  • Most excellent replied to the topic My 1st Commercial Property in the forum General Property 20 years, 8 months ago

    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 !

  • Most excellent replied to the topic Technical Analysis in the forum No Subject 20 years, 8 months ago

    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]

  • Most excellent replied to the topic Earning capacity too low for loan in the forum General Property 20 years, 8 months ago

    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]

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years, 8 months ago

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

    Am I still exempt ?

  • Most excellent replied to the topic Push for stamp duty decrease in VIC ? in the forum General Property 20 years, 8 months ago

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

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years, 8 months ago

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

  • Most excellent replied to the topic CGT in the forum Help Needed! 20 years, 8 months ago

    I lived in PROP for seven years from 1997 to 2004

  • Most excellent replied to the topic How Many??????? in the forum General Property 20 years, 8 months ago

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

    [^]

  • Most excellent replied to the topic kids & property investing in the forum No Subject 21 years, 2 months ago

    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”

  • Most excellent replied to the topic Depression in the forum The Treasure Chest 21 years, 2 months ago

    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

  • Most excellent replied to the topic List Why Property Beats Shares in the forum The Treasure Chest 21 years, 2 months ago

    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

    [:)]

  • Most excellent replied to the topic 3 days cooling off means what? in the forum The Treasure Chest 21 years, 2 months ago

    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 ” !!![:O]

    MIchael
    “just be”

  • Most excellent replied to the topic House Boat Good Deal ? in the forum The Treasure Chest 21 years, 2 months ago

    Thank you guys,

    Good input & Simon good reality check , thanks !

    Michael
    ” just be”

  • Most excellent replied to the topic what is your goal? in the forum The Treasure Chest 21 years, 2 months ago

    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

  • Most excellent replied to the topic Future Property Bust in the forum The Treasure Chest 21 years, 2 months ago

    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

  • Most excellent replied to the topic Trust Replication – Straight Answer?? in the forum The Treasure Chest 21 years, 2 months ago

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

    Michael
    just be

  • Most excellent replied to the topic CGT if redraw on home loan for investment prop? in the forum No Subject 21 years, 2 months ago

    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 [:D]

  • Most excellent replied to the topic Interest Rates will be on the way up ? in the forum No Subject 21 years, 2 months ago

    [:D]

    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

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