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  • Profile photo of pmcdpmcd
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    @pmcd
    Join Date: 2007
    Post Count: 7
    September 17, 2010 - 11:52 pm

    thanks for your feedback..

    dtrump,

    the house isn't on the proposed rail link,it s in east brisbane so it will benefit from the new rail link as is only 5 min walk to gabba

    If you know of anyone looking for a renovated,3 bed,2 off street car park,3 kms to city let me know!

    Profile photo of pmcdpmcd
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    @pmcd
    Join Date: 2007
    Post Count: 7
    September 17, 2010 - 9:32 am

    hi dtrump,
    the main street involved in the rail link is wylie street
    the figures supplied are before tax,depreciation etc..isn't that still alot to find every month.Not sure how average income earners can manage if they have to put this amount of money upfront each month.How do we make this work to keep this one and get more properties?
    Yes the loan is interest only.

    Profile photo of pmcdpmcd
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    @pmcd
    Join Date: 2007
    Post Count: 7
    September 17, 2010 - 9:11 am

    Hi dtrump,
    No the house is in east brisbane,near gabba.
    Rent currently $450 per week and fixed for 1 year,but mortgage $3500.
    Not sure if it is worth dipping into savings that much every month.
    Depreciation has been done.

    Profile photo of pmcdpmcd
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    @pmcd
    Join Date: 2007
    Post Count: 7
    September 17, 2010 - 5:37 am

    Thanks for your prompt reply Richard.Yes the figure for the 10/11 tax year will be between $20-$25  as estimated by our accountant.Should we sell or keep it..we don't want to lose our savings.
    pamela

    Profile photo of pmcdpmcd
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    @pmcd
    Join Date: 2007
    Post Count: 7
    February 20, 2007 - 6:46 am

    Hi,
    Trump Jnr mentioned that you can “use money as deposits to purchase several more I.P. that can be positively geared”.Am new at all this so what des that actually mean.

    PMcD

    Profile photo of pmcdpmcd
    Member
    @pmcd
    Join Date: 2007
    Post Count: 7
    February 19, 2007 - 8:57 am

    Hi all,
    I am new to this and need some advice as to where to start…how much money do I need,how do select the best area to buy,should I buy land and build or buy established homes ?
    Looking forward to your replies.

    PMcD

Viewing 6 posts - 1 through 6 (of 6 total)