From an investment point of view, rents haven’t kept up with the recent boom in house prices. This means yields are much lower, particularly around cities on the east coast. Some rural areas are still showing yields of more than 10% if you look around.

The last place i bought has a gross yield of 5.5% which ain’t that great, especially since i…[Read more]

fullout,

quote:May i know who in this forum is using this accountant now>? Do they understand things about Positive Return Properties and Interest Only Loans. IN other words, are they good in property investment and other things like business, etc?
I may want to go and visit this guy.

Yes, Dale is my accountant and he’s very, very good. In fact…[Read more]

No unfortunately we don’t.

When a capital gain event is trigerred, we must pay CGT on the gain.
However there are some instances where CGT can be avoided or minimized such as when selling a small business, or when putting capital gains directly into super in the same financial year as the event.

All the usual disclaimers apply and i’d check with…[Read more]

I think the reason there’s been little discussion of these properties is because most people on this forum are seeking cashflow +ive properties in rural areas – houses that cost $50k in a town of 3,000 people returning gross yields of more than 9%-10%. There’s also a heavy focus on wraps and lease options here.

If you want more info on this…[Read more]

Shrimp, i think f_j_o is referring to the blue pill… the one that lets you continue living within the matrix – also known as the world… as you know it.
You believe everything around you is real when in fact it’s a simulated world created by creatures of Artificial Intelligence. You are a slave that is being used by creatures of Artificial…[Read more]

Have a look at Singing Pig at:
http://www.singingpig.co.uk/forums/ShowForum.aspx?ForumID=1

This is a UK site and it’s well run by Ollie with a lot of active users.

I think you’d get a much better response if you posted your question on Singing Pig which is the UK version of Australia’s Jan Somer’s forum:
http://www.somersoft.com/forums/
Singing Pig:
http://www.singingpig.co.uk/forums/ShowForum.aspx?ForumID=1

There are lots of active people on this forum and the guy who set it up (Ollie) is also very…[Read more]

I sold an IP about 2 months ago and will settle at the end of June. I made a decent cap gain of about $90k and was thinking about prepaying my interest bill in advance for FY 2003-2004.
I’ve decided against it because i see it as an endless cycle. If i prepay a year in advance, i’ll have nothing to claim for the following year… unless i do the…[Read more]

Implementor – uhmm, no it’s not.

You must have me mistaken for that Chinese guy that studied medicine and does massage.

Hi Implementor, well done on your lease. It must be great to have 3 years at a higher rent than your agent thought he could get.

I’d do the same if i had the time, but i’d rather pay my 4% commission and save my precious time for better things.

I agree that most PM’s are pretty slack, but most will try and do the right thing if they’re in it for…[Read more]

Hi Implementor,
Welcome to the forum.
I hope you don’t mind, but it’d be great if you could tell us how the “bootcamp” went.

I’m curious as to how HK runs his workshops and if you thought it was good value considering you could have used that money as a deposit on a property.

A few questions if you don’t mind answering them:

1) What was the…[Read more]

Investor, it’s called the Caps Lock. []

I have to agree with Mitch and think 4-8 weeks is way too long to have something vacant.

If you can’t get a tenant within 2 weeks, you need to get realistic about your rent and meet the market.
As AD also pointed out, you should try and add value to the property with strategies such as 1-2 weeks free rent, or include a DVD player, Sony…[Read more]

TerryW is right about paying GST and S/D.
The deposit will also go into a trust account held by the agent.

But in Victoria you can access the deposit before settlement if you sign a Section 27 form with your conveyancer.

A copy will be given to the agent when you sell, and you can get the 10% deposit after 28 days.

A similar thread is posted on Jan Somer’s forum.
Have a look at it here:

http://www.somersoft.com/forums/showthread.php?s=&threadid=8779

It may give you some ideas on what other people are doing about it. Making the transition to a full time investor can be scary and you’ll need to have some tolerance to risk as well as being well…[Read more]

Some potential tax deductions include:

Sex Toys – Gifts to beneficiaries of a trust.

Alcohol – As gifts given to staff, customers and business associates. At conclusion of seminars with finger food.

Birthday Presents – Under $100 for all employees.

Bonuses – Given to employees for jobs well done

Books – Work related, Investment related, As…[Read more]

Hi Joe,
Thanks for the feedback on MY’s course.
Of heard various thingsd about it, so it’s good to hear something direct from an attendee.
Dale Gatherum-Goss is an amazing accountant and very generous with his time. I’ve also got “Tax Battles” and his new one “Trust Magic” which are both very informative. Dale also helps moderate the “Accounting &…[Read more]

Congrats on your first purchase.
What type of property is it Ricky? Sounds like it’s a townhouse by the size of it and also the B/C you have to pay. Does this get you a pool in the complex as well?

Did you also look at houses in the area?
I thought you could probably pick up a house for the same sort of money in this area?

Hi all,
Can anyone tell me what date this seminar is being held in Melbourne?

Hi Joe, please report back to the forum on what you thought of Michael Yardney’s weekend seminar.
I’d love to do it, but the $3,500 is a bit much for me at the moment.
But if you really recommend it, i may consider going.

Cheers,
Q []

In Oz, a common clause is “subject to finance” meaning that the purchaser can pull out of the deal if s/he cannot obtain satifactory finance.
It’s usually put in as an exit clause as well.

But i don’t think you’re referring to this particular clause?

What country are you from and can you do it there?