We’re into a balance I guess.

What we earn off investments goes back into investments at present so that it keeps growing for the future. But what we save from wages we use to live on and have fun, we make sure we have a holiday every year, sometimes local (as in driving distance somewhere) and sometimes overseas but always need to have a…[Read more]

Well, I’m not a guru, but from the little info that you can provide without giving the town away it sounds interesting.

If I were you I’d certianly look inyo this further as it may be +ve cashflow now and may have capital gains in the future but it does depend upon a few things I think: Is the mining site the only employment for poeple in the…[Read more]

Thanks, appreciate you reply.

Coldy, I’ve say read, read, read, everything you can get your hands on and then work out what method would work best for your circumstances.

FOr some -ve gearing say suit better, particalurly if they are on a high income and do plan to work more many years to come and need the tax breaks while waiting for the gian. FOr others, +ve cashflow owrks…[Read more]

Hi Tink,

I’m sure your tenants will think you’re a fairy, but if you think it’ll help keep your tenant doing the right then go ahead.

Yes, this topic did cause a bit of debate last time, try doing a search on gifts or rewards and see what comes up, you might be very interested in that thread.

I tend to only give a gift at Christmas time to say…[Read more]

No need for apologies, hope you’ve caught up with the sleep now though.[sleepy2][sleepyanim]

Thanks Redwing, looked it up today (I’d never heard of it before). Turns out I would have driven through it many times on holidays going south.

Still, have to finish the deal we’re on first before I start looking again, otherwise hubby will get greyer. Just like to look into all these things, sometimes they aren’t for me, sometimes they are,…[Read more]

As an aside isn’t it better to get onto the wave early rather than later – the challenge is to pick the next ‘wave’ and not find out where the last one was. Derek.

Definitly, that’s why I said that we’d done well in picking properties that have growth in the previous 12 months, but perhaps we need to be looking for those that haven’t had that…[Read more]

All sounds reasonable except:
I wouldn’t recommend getting a personal loan to pay out your mortgage as I can’t see what that would achieve. You still have a liability as far as the banks are concerned as they take all loans into account and the interest rate would be higher than a mortgage. Therefore I think you’d be able to pay out the…[Read more]

Well, did everyone get Saturdays West and read teh “Property Report”. For those that didn’t I’ve listed the growth for the last 12 months for the suburbs we’d all listed in this thread (I think we listed half the city!!!)

I know this is the past and not the future and it was the future we were talking about, but it was interesting…[Read more]

Thanks Westan. I’ve never heard of it, but will get the map out!

Well, Saturday’s West Australian had the property report in it and WA still seems to be holding. Slowing of course but out median price has continued to grow, now at $247,000.

Having said that there were a few areas that had negative growth over the last quarter so perhpas that’s the start of the lull. But well, every things cycles, will just…[Read more]

Lovely place for a holiday. WOuld you be looking at as short term rentals for holiday makers or long term for locals, not sure how the latter would go?

Redwing was probably tired, check the time of his post! I odn’t want to speak for him, but I think he might have been thinking of Esperance rather than Exmouth?

This is an interesting thread, any accountants out there that can provide any other info?

going off on a tangent: What happens if you have “pre-possession” written into the contract, the property is then availalbe for rent prior to it being settled, so can you start claiming earlier than settlement?

Ezy,

I wouldn’t want the seeler to hand me the reports even if it meant the cost wasn’t mine. If he’s got a mate that’s a termite inspector or a building inspecotr or whatever, he may be able to get reports that look better than what is “actually” there.

I’d always want one that’s as independent as possible, or as Mel commented, it’s marked to…[Read more]

Get your unpaid defaults paid off first before taking on additonal committments.

PK

REad teh lease you signed, what did it state for payment of rent etc, are they abiding my the conditions of the lease, if not, then perhpas reminding them of their contractual obligations may help, otherwise you could seek legal advice.

I don’t know anything about the mob you are with so can’t help there, but do start by reading the fineprint of…[Read more]

Hi Lambsie,

Firstly, when you make a mistake in a post, you can go back to the thread, find your post and then press the edit button, you can then add, delete etc.

Now, I can’t answer all your questions but I’ll tackle the pest inspector one. Unless you know the pest inspecotr then there is no guarantee and even if you know them they is no…[Read more]

Our accountant was asked to clarify my husbands claim for meal allowances ie: how was it spent, how was it claimed ie: receipts etc. She rang to advise that they had asked the question and advised us of her answer and we hadn’t heard anything again (that was a couple of years ago).

Well, I only let emotion come into it once all other factors have been checked to be OK ie: if the figures work and the area has the services I want and I have say 3 houses that are similar price, with similar rent and are in similar conditions, then I let emotion be the final deciding factor.