Hi Melissah,

May I suggest that until you decide what you are going to do with the money, deposit it into a no fee bank account like ING direct where its paying 5.25% interest. At least its returning something while you decide.

[biggrin]

Cheers,

J.

Couldn’t agree more kay henry [cap].

Cheers,

J.

A shortfall to me is no big deal, because I get it all back in tax anyway.

Wouldn’t you would just get back from the ATO, at the most 48.5% of that shortfall, depending on your tax bracket.

Cheers,

J.

John James, a word of caution. Seeing you’ve given out your phone number, some people who ring you could be RE agents, or people wishing to flog off their property to you- nothing wrong with that, but just bear it in mind Also, people sometimes talk up places because they have properties there, and wish others to buy in the area to create price…[Read more]

Hi John,

Send me an email or PM me if u want to have a chat about Mt Isa.

Cheers,

J.

Is Rathbone on the wing or Sailor?

Wallabies by 7.

Cheers,

J.

Hi Dandan,

Do a forum search for “car parks”. This topic has been discussed previously, with some great informative posts.

Regards,

J.

Thanks Mel.

Hi 7,

Why not try http://www.aussiestockforums.com A few people from this forum are also there.

Regards,

J.

Hi All,

I have just bought my first IP sight unseen. I live in NSW and the property is in Qld. I employed the services of a buyers agent to perform the inspections, send digital photos, liase with the sellers agents and contract out all the building/pest/electrical reports etc. They recommended this property to me and I bought based on numbers…[Read more]

OZ on SBS Monday nights. Fascinating show.

Cheers,

J.

Is this a Westpac policy?

J.

If you haven’t purchased a property this fin year, but have spent a fair amount of dollars setting up trust/company, on valuations, building reports, accountant fees, general expenses related to property searching etc. Are you still able to claim the expenses this fin year?

J.

Thanks for your responses. I will get a quote for the bank legal costs.

I had pre-approval from a major bank in my own name. When I found a property that I had signed the contract for in the name of the company/trust structure, their reply was with me as a trustee it is ok. Howvever they wouldn’t accept my company as a trustee. They said it…[Read more]

What the ATO doesn’t know won’t hurt them right? [cap]

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Hi,

I used to keep my savings in my parent’s offset account. The deal was they would pay me interest based on whatever ING Direct was offering, but calculated daily, compounded daily. I even created a spreadsheet to track the effect of deposits and withdrawals. It was a win-win situation for both parties. I was getting tax free interest and…[Read more]

Thanks for your replies!! I am organising a valuer who is on the banks panel.

Cheers,

Jay

**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************

Hi Kylie,

Here is a topic which covers the question you were asking.. hope it helps..

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9748

Alternatively, try the search function!

[cap]

Cheers,

Jay

**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************

Hey all,

I’m just starting out as well. Just got my pre-approval today (yey!!) and I can honestly say that I would recommend the services of Mortgage Hunter (Simon) to anybody who is looking for a sincere broker. He has put up with my constant messaging, emails and general impatience!!

Cheers,

Jay

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You…[Read more]

Hi Judi,

When you edit your member profile you can add whats called an “avatar”. Just select which one you would like to appear!

Cheers,

Jay

**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
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