Originally posted by wayneL:
Though for the average slob who refuses to put the required effort in, property is probably an easier and safer bet.

I would have thought that trading shares would have been the easier option; just get a broker or whoever to do all the work hehe. It all depends on the angle of property investing the individual takes…[Read more]

Cheers Kay. I was aware that the sale date of the other unit was during the property boom, I’m just being hopeful that’s all [goatee] The area that the property is in is performing pretty well still at the moment. It’s a coastal suburb and my unit is in front of a marina backing onto a beach [inlove]

One more question, when it comes time to…[Read more]

Hi mrsimba2, the incomes are left separate for tax purposes. I could be wrong but I think the amount you can claim on each income is calculated on the percentage of ownership on the title for each individual.

As always.. check with an accountant.. [blush2]

Thanks Kay. I’m at the stage where I’m looking at refinancing and possibly buying another property. I bought the property at the end of February this year for $290k. I checked sales history results for the address (4 units in the block) and an identical one next to it sold for $300k in June 03. It was unrenovated and mine is fully renovated…[Read more]

Thank you both [biggrin] I’ll give the agent a buzz. I was going to remove it but it’s hung up with wire on a lattice fence. I’ll give them til mid next week to remove it.

Cheers!

Cheers Bear,
I’m in Sydney and was hoping it may be a bit further off or even on the weekend so I could make it down there but unfortunately I can’t due to work commitments. I’ll see what I can do for you though How much are the discounted tickets?

Originally posted by novohs:
There was nothing new in the seminar than what you can learn from his book Rich Dad Poor Dad.

I kinda knew that’d be the case.. I just wanted to go to get motivated I guess, which I’ve been told he’s good at. Ahh well maybe next time round. When’s the Melbourne seminar?

Noooo [angry2] Tinkerbell’s sold her tickets.. I just called Ticketek and tonight is sold out [glum] And I worked so hard to get my girlfriend interested about it.. [blush2]

Hi Kay, I think it goes for 3 hours.

Hi Geo,
Due to work and other commitments I can’t make the Melbourne seminar. Would have been a nice break though Tinkerbell, I’ve sent you an email.. just trying to convince the missus now

Darn.. if there were two I might consider going

Hi Nell,
So the lenders want security of your investment property AND your own home? If I understood correctly then that seems a bit odd to me as I thought there’d be enough equity in your investment property to finance the new purchases (I could be missing something here.. a mortgage broker will probably come and corret me I hope!). The returns…[Read more]

The best way to learn is from someone who has been there and done it. There are a whole bunch of nice helpful people on this site and the wealth of information here is amazing (mainly because most of it is unbiased). You could maybe attend one of the investor meetings where you could make a few friends and maybe get a few mentors [biggrin] I’m…[Read more]

Originally posted by redwing:
We gave our tenants movie tickets ( doubles ) for X-mas, i agree with DD and depreciator though and keep things “At Arms Length”..some people mistake Kindness for Weakness.[/navy][/url]

Good point there. I was in the same boat a short while ago and was considering giving the tenants free movie tickets or a bottle…[Read more]

Yikes.. how many grey hairs did you get from that experience Jo? [blush2] I think that the idea is pretty nice, but at the end of the day, in most cases tenants usually don’t pay up because they’re having money problems. Giving tenants gifts isn’t going to prevent this.

Originally posted by Jaffasoft:
Maybe up the rent $5 and use a 56K (if you can get away with it, without the tenants wanting to complain they need faster Internet connection) at a total of $24.95 a month to run on 56K. And maybe this would be only good for larger blocks of units and flats. Then again maybe it will cause arguments.

Hi Jaffasoft,…[Read more]

I’ve bought a few copies in the past.. they usually leave Adelaide out.. they mainly cover NSW, QLD, VIC and WA. [hmm] It’s a bit of a let down when the cover advertises property prices ‘across the country’. [grrr]

Originally posted by mrsuccessful:
hey I guess it was worth a shot hey. One guy seems interested anyway so half price seems like a good idea to me, ive got a burner an photocopier. Shhh noone tell steve

stephen love

Can we call you mrdodgey from now on? [biggrin] just kidding. Apart from being illegal and immoral, what you’re trying to do…[Read more]

Sorry for being so judgemental.. but here’s a hint: PRIORITIES!!

Just to add.. I was in a similar situation a few years back. Private schooling @ $5,000 / year can be a pain on a part time income [confused2] I cleared this debt as soon as I could as it affected my credit file.. once that was clear it took a load off my shoulders. Also, the…[Read more]

Hi Misty,
I’ve always been under the impression that the banks didn’t regard RE valuations too highly. The main reason in their minds being that the agent would most likely give them an inflated price (hoping to encourage them to sell). I’ve noticed in general from my experience that bank valuations seem to always come up short compared to what…[Read more]