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  • Profile photo of n0ahz0rkn0ahz0rk
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    @n0ahz0rk
    Join Date: 2004
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    March 10, 2004 - 4:40 am

    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, and now am looking for some +ve CF property. I am still hoping for capital gain on my first IP, keeping it just means I need a +veCF IP to bring me back to neutral CF, then I can start getting +ve CF IPs to free me from my work one day!
    [^]
    Regards,
    Andrew.

    Profile photo of n0ahz0rkn0ahz0rk
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    March 10, 2004 - 4:21 am

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

    Profile photo of n0ahz0rkn0ahz0rk
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    March 10, 2004 - 2:22 am

    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 ?

    Profile photo of n0ahz0rkn0ahz0rk
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    March 9, 2004 - 4:04 pm

    What good is Landlords Insurance then ?

    Profile photo of n0ahz0rkn0ahz0rk
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    March 4, 2004 - 5:11 am

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

    Profile photo of n0ahz0rkn0ahz0rk
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    March 3, 2004 - 8:56 am

    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% + 1wks rent as letting fee is std. They also told me that vacancy rate in this town is around 1%.

    Regards,
    Andrew.

    Profile photo of n0ahz0rkn0ahz0rk
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    March 3, 2004 - 2:05 am

    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.

    Profile photo of n0ahz0rkn0ahz0rk
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    March 2, 2004 - 3:43 pm

    Germanian Wrestling Federation ?

    Profile photo of n0ahz0rkn0ahz0rk
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    March 1, 2004 - 5:29 am

    Thanks James…

    Profile photo of n0ahz0rkn0ahz0rk
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    March 1, 2004 - 5:16 am

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

    Profile photo of n0ahz0rkn0ahz0rk
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    March 1, 2004 - 5:12 am

    Thanks guys,

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

    Andrew.

    Profile photo of n0ahz0rkn0ahz0rk
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    February 27, 2004 - 6:21 am

    Thanks[V]…

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

Viewing 12 posts - 1 through 12 (of 12 total)