I have just finished reading the book this week, but before I read it or even heard of it, I decided to purchase my 1st IP (settle late March). It’s negative geared, after reading Jan Somers’ books over the last couple of years that seemed like a pretty good idea. I have to say I like Steve’s idea of not having to go to work each day much better,…[Read more]

What’s the best way for me to find out about TRUSTs and how to start one – is there good information freely available ?

Thanks for the replies….

I think it’s too late to do anything differently now… settlement is 22/03, but I don’t think it will be positive CF for 5+ years as i’m paying interest only loan.

Sounds like it’s a good idea to have an accountant that knows about all this… can anyone reccommend one in Syd CBD or Campbelltown NSW ?

What good is Landlords Insurance then ?

Yes please elves, send me the details of the agency…

I know I always went to the Agency for a listing as well when I was renting… so I could see pictures! That said, I suppose it could be a good idea to make sure the agency is in a busy street for walk-in traffic right ?

I got a couple of replies from agents in Toowoomba using questions similar to those yack suggested, and it seems like 7-8% +…[Read more]

Thanks a lot for the input guys…

My IP is in Toowoomba (QLD) and I’m in Syd so I may not be able to meet any PMs before sometime after settlement when I can get up there.

Andrew.

Germanian Wrestling Federation ?

Thanks James…

so is that really increasing the property value, or just enhancing your borrowing power ??

Thanks guys,

I’m intending to rent it out, so the tennents will have to make do with it as is for now!

Andrew.

Thanks[V]…

Can I use it as a deposit on another IP and make it deductible ?