Both excellent nuggets of advice and reassurance that I am at least heading somewhat in the right direction.  Always nice to know, as you said, Fear is a disease of which knowledge is the cure, Investing is not risky, being uneducated is.  Fear that you are fooling yourself is cured by reassurance from good advisors and mentors so I really do…[Read more]

It does and I appreciate you taking the time to post.  I am so determined to make a success of this when I am ready to go for it.  A good friend of mine died yesterday at 38 years old and I am a 36 year old FIFO worker. Those two elements alone are enough to drive me to ensure that I get it right, get myself financially independent and start to…[Read more]

I agree. It does sound like a lot of people are too eager to throw their money away.  I think maybe people forget the end goal is to make money and get blinded by it all.  It's easy to do and I have been guilty of it and will continue to be until I have been doing this a while.  At the moment I have not even invested in a property apart from…[Read more]

Hi Benny. Thanks for your feedback.  

The figures you are looking at are the profit and loss figures based on a repayment mortgage and interest only mortgage.  Very feasable for these figures to be on +ve and one -ve as the payments for the two different mortgages would of course be very different. The "outgoing" figures you are referring to are…[Read more]

Ok, well that would be great but I fear it still may leave me in the same camp in that I would not understand how the formulas are calculated so I would not be going in armed with anything better than trust in something I don't understand, plus I don't have that cash at the moment either as Im saving a deposit for PPOR.

It has some very pretty colours too in the flesh.. lol   but the imprtant thing I am trying to work out here basically is, am I missing something when I am calculating my cash flow forcast on specific properties.  It seems I can find quite a few using my spreadsheet that are negatively geared until I add the depreciation schedule after which they…[Read more]

I found this guys video and his three part seminar video to explain it very well.

   Thanks for that. Lets see if this wprks then.  It looks like it didn't allow the formulas to come over as well so it will be simply for looking at rather than playing with I think.

https://docs.google.com/spreadsheet/ccc?key=0Ar-bWgqS5OBDdHFtZUQ1ck5wSkEtcTRINkh1ejRWMlE&usp=sharing

I'm suprised to be honest.  As part of the research of wether the property works out on paper I would have thought this detail was essential or at least very worthy.  It's probably obvious but I am looking to find this information so that I can work out an idea of what depreciation schedule I can expect on the property and therefore what its…[Read more]

Ok so that didn't display as I wanted it to.  I'll try again here.  …..

Its not going well, anyone know how to get it here for display?

I really appreciate that, I am looking in my home town of Mandurah in WA though unfortunately.

Brilliant and thanks for the advice.

I would like to know how much I can expect to get back.  I think I'm right in saying that if the building is post 1985 I would be able to claim section 43 ( the building itself) so the value of schedule would be higher.  I have used a calculator from BMT and they said that if the property was around 2007 and…[Read more]

Hi Hank, 

try http://www.MYRP.com.au or the sections on http://www.realestate.com.au.  There is a section on there when you are looking at a particular property which will give you info about the demographic, average house prices and trends, how many owner occupiers v rentals etc etc.

I use http://www.everydayproperytinvestor.com for their podcasts as I find I am…[Read more]

Ok, I'll try to answer these questions.

What is the size of the unit?

The advert doesn't say but it looks tiny from the picture

What are the body corp fees like?

I cant see anything about that and its also not a term I am familiar with.

What factors will drive future growth in the area?

I have been in touch with the local council regarding…[Read more]

MelbInvester wrote:

HI Jamie,

  What is the tax benefit with LOC setup?

MI

What is LOC set up?

Hi Ariann

I’m saving like crazy at the moment for a deposit so I’m not ready to pay for anything but I don’t think that’s what you are saying. I’d like to hear anything you have to say which would help me. I can highly recommend napoleon hill audio from audible.

I am currently downloading about 30 hours of podcasts using an ipod app for free…[Read more]

Thanks everyone for your tips.  I have listened to Rich Dad Poor Dad, Rich dads cash flow quadrant, Rich dads guide to investing and I am now  half way through Napoleon Hills " In his own words" and I have Think and Grow Rich lined up.  I discovered Anthony Robbins nearly ten years ago and have been continuously using his audio tapes and videos…[Read more]

Thats really the problem Jamie.  Where I am I cant watch you tube because I will chew through the data on my phone really quickly.  I can get MP3's on the company laptop using their internet but I could use some advise where to find some good stuff.

i-smsf wrote:
I read a post earlier on here about the coming Commonwealth games on the Gold Coast in 2018… ? possibly consider the GC? I think the majority of work is being done in Southport.

Would it be a wise choice to simply invest where all of the big events were being held.  The London Olympics saw a huge increase in the area's…[Read more]

Thanks for your point of view Luke.  I'll look into those area's too.  I hadn't thought about the amount of new stock being built and although there looks to be a lot of development in the area, your right there is also a lot of new housing.  The places you mention are still close enough to be able to tweak myself.