Hi JimNot quite sure but I think the tax definition comes down to what were your intentions.  In this situation and if you did build your PPOR (which is obviously CGT exempt) then when you come to sell it the capital gain would be split between investing intentions and PPOR intentions.I am sure that a 2 minute call to your accountant would give…[Read more]

Hey EmptypocketsI think you've got me wrong.  Not only do I think things can get worse, I expect that they will and I activley plan for a large number of adverse advents within my investing stratedgy and am naturally a cautious investor.  My point is that if it wasn't for the industry I am in then I would be even more cautious.I think everyone sh…[Read more]

Heay allI drive a 2005 falcon (company car) getting replaced next month.  The wife drives a 2005 Mazda 3.It's interesting you know, I used to drive 71 falcon, 66 valiant, 91 corolla and longed for the days when I could get into a late model car (like I am now).  Now that I have it I realised it isn't as such a big deal as I once thought.I r…[Read more]

Joeldoes the "tackey" two bedder have the possibility of renovating therefore increasing your equity.  Are you handy like that?If you are only planning on being in it for a few years, then do you do this, increase your equity and then buy that really nice 2 bedder with a better balcony and view.Just possibilitiesDon

Hi Nina.What is your family (recipients) of your fathers estate planning to do with the land.  If you can convince them to sell it then you will receive a cash injection.  You may also be able to convince them to put a house on the property therefore having a cashflow from the property.  For your investing or PPOR future it is important that yo…[Read more]

Hey BirddogI am not worried about a recession.  I have a stable job in an industry not affected by ecconomic climate.  If this was not the case then I would be concerned and a bit more cautious.From the investing perspective I am continually looking at the market place and adjusting my stratedgy to suit the market so from this aspect I am also n…[Read more]

Hi Jase and FlicI have enjoyed following your journey.  You have indicated that you have looked at a number or like properties within your area.  I am interested to know if the market in general is going up there and if you think that this will add extra profit when it comes time to sell.Don

Hi RLI personally wouldnt be without landlords insurance. If it is added to your public liability and building and contents insurance than the cost is really quite small.I insure through CGU and have all the above in one package.  I have found them very good even though I have only claimed on building insurance component.Don

Hi NinaCongradulations on wanting to make a change in your long term financial position.  If this thought is followed up with determination you will make a huge difference.I agree with all Marc above has said.  You need to reduce your expenditure increase your savings and start getting some cash reserves or equity.While you are doing this the l…[Read more]

Hey ReccoHealthy skepticisum (if tha't how you spell it) is a valuable trait hang onto that as it make's you question things not just accept the norm.$5,000 is a signifiant investment but one good deal can make you 10 times that amount.  If the mentoring, one on one support and motivation of the team and the larger RESULTS group can asist you to…[Read more]

Hi AllI'm from Bundaberg in Queensland,  In speaking to my local realestate agent today they have sold in the last 2 weeks what they normally sell in a month.  She indicated things are still crazy even after the interest rate rise.

I have in the past had a long term relationship with one of the big 4 banks.  It was only when I hit the lending limit as they advised that I turned to a broker for solutions.Fortunatley I got a really good one.  By taking the time to understand my income from all sources and after cashflow he was able to negotiate a net increase in borrowings o…[Read more]

Hi TinaIf the numbers dont stack up then don't do it.  Look somewhere else or try a different stradedgy or wait until the marked isn't so hot and moves more to a buyers market (I know Narangba and Burpengary are pretty hot at the moment).Even if you could get your proposed property for 290k then for example, 10k on purchasing costs, 10k on a…[Read more]

Hey BoshyI agree with most of the comments above.  Time, results,trust and rewards is what's required.  My wife was in the same position as you are in a couple of years ago.She was very nervous about investing, but over a short period of time (2 years) where I proved good results, I built her turst in my ability.  I now have her confidence to the…[Read more]

Hey LisaThis is a great thread and I must congradulate you on not only looking for any alternative to increase equity, find deposit monies and increase cashflow, but actually acting on neally all of the feed back as each of these things even though small will  signifiantly enhance your ability to grow your portfolio in the very near future.I do h…[Read more]

Hi Vibe1) I like the reno kings http://www.renos.com.au but better still is the australian property investor magazine, avaliable from http://www.apimagazine.com.au.2) Can't really answer this but anything that would reduce your overall loan interest and allow you to put more funds back into repayments is really worth investigating.3)  I like properties as you c…[Read more]

Hi EZNIf you are looking for the cheepest property I don't think you can go past a project home builder.  One that has plans in place.  They are cheeper because the design costs are spread over mutile clients, their costings are very accurate (very little waste) and can generally get them up a bit faster than a private builder.  To gague value mak…[Read more]

Hello Opportunity in..I would need to know a whole lot more information to know if this town house is a good price and can not comment if this is a good investment or not. A good due diligence review should give you a good feel.I can however comment on Burpengary as an investment location. I have owned an IP in Burpengary for the past 7 years…[Read more]