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    March 19, 2004 - 1:19 pm

    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

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    March 19, 2004 - 1:09 pm

    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

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    March 19, 2004 - 1:02 pm

    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 !

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    March 19, 2004 - 12:51 pm

    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]

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    March 10, 2004 - 8:59 am

    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]

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    March 10, 2004 - 8:42 am

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

    Am I still exempt ?

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    March 9, 2004 - 8:02 am

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

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    March 9, 2004 - 8:00 am

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

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    March 9, 2004 - 7:49 am

    I lived in PROP for seven years from 1997 to 2004

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    March 9, 2004 - 7:44 am

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

    [^]

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    September 25, 2003 - 10:55 am

    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”

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    September 21, 2003 - 1:12 am

    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

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    September 21, 2003 - 1:04 am

    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

    [:)]

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    September 16, 2003 - 9:58 pm

    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”

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    September 16, 2003 - 9:54 pm

    Thank you guys,

    Good input & Simon good reality check , thanks !

    Michael
    ” just be”

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    September 15, 2003 - 11:49 pm

    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“

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    September 12, 2003 - 10:23 pm

    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

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    September 12, 2003 - 10:15 pm

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

    Michael
    just be

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    September 12, 2003 - 10:08 pm

    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]

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    September 11, 2003 - 3:40 am

    [: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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