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p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 18, 2004 - 8:29 am
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.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 18, 2004 - 8:21 am
Couldn’t agree more kay henry [cap].
Cheers,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 18, 2004 - 8:15 am
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.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 18, 2004 - 8:11 am
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 rises.
Some people offer their help because they have no ulterior motives and are happy to share their knowledge (even if it is very little!)
Cheers,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 18, 2004 - 5:18 am
Hi John,
Send me an email or PM me if u want to have a chat about Mt Isa.
Cheers,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 16, 2004 - 9:15 am
Is Rathbone on the wing or Sailor?
Wallabies by 7.
Cheers,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 16, 2004 - 3:54 am
Hi Dandan,
Do a forum search for “car parks”. This topic has been discussed previously, with some great informative posts.
Regards,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 15, 2004 - 10:22 pm
Thanks Mel.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 15, 2004 - 9:03 am
Hi 7,
Why not try http://www.aussiestockforums.com A few people from this forum are also there.
Regards,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 12, 2004 - 12:49 am
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 and of course did my due diligence. I guess its my trust in the buyers agents that is the key. I also think that as a FT employee I do not have the luxury of taking a week or even a weekend off to go visit interstate areas etc (where the cf +ve props are). Being a novice investor it is also helpful to have them giving advice and guiding me along my first steps of my investment journey. Personally I like the idea of outsourcing the legwork of buying an IP. I believe it is cost effective and it frees up my time to enjoy life a bit. [biggrin].
Regards,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
July 9, 2004 - 2:18 am
OZ on SBS Monday nights. Fascinating show.
Cheers,
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
June 23, 2004 - 6:05 am
Is this a Westpac policy?
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
June 23, 2004 - 5:53 am
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.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
June 23, 2004 - 5:41 am
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 needs to go to business style lending not consumer lending. Are they just making this up because they found something they didn’t like in the contract? They hadn’t even reviewed my company and trust documents. Very confusing…
J.
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
June 13, 2004 - 11:30 pm
What the ATO doesn’t know won’t hurt them right? [cap]
Cheers,
Jay
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
June 13, 2004 - 11:01 pm
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 effectively they were reducing their principal!
Cheers,
Jay
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
May 26, 2004 - 9:15 am
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!
**********************************
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
May 8, 2004 - 1:42 am
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!
**********************************
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
April 29, 2004 - 10:42 am
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
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************
p0sitiveCasHfl0w
Member
@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
April 29, 2004 - 10:12 am
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!
**********************************