Houses built before the 19th of July 1985 have no depreciation allowance on the building itself. You may be able to claim depreciation on the various fittings like carpets, curtains, electrical fittings, furniture and any improvements that have been made since 1985 of a capital upgrade type nature.

Houses built after the 19th of July 1985 may…[Read more]

The decision to rent or buy is a personal one.

Some people choose to rent because it gets them into an area they like, but cannot afford..renting is still cheaper on a day to day basis than buying the place, you also have the flexibility to move whenever you want, you may also rent as your job only has you in an area for a short-medium time…[Read more]

I prefer PM’s in the area..

Just my preference though..as i find they ‘let’ the properties faster as well, trick as we all know is getting a good local PM (worth thier weight in $).

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Anyone from the Forum looking at going?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Sounds like a win-win for you developing the project..

In most cases I’ve seen people put a mobile home on the land, pay rent and power on the land and never ever own the land; if you strata it then I presume it would be a pain for someone to buy it out “lock stock n barrel” in the future..

Or you can go down the managed investment p…[Read more]

Originally posted by SteveMcKnight:
Hi,

Just a short note to say that in future, posts that denegrate Neil Jenman will be immediately removed.
Are you making that the same for everyone
on the Guru Watch or just Jenman Steve?

What if it’s a warning about some low-life ripping off people..such as you see on ACA/6o min/TT or such?

This response is…[Read more]

Are you buying the unit through the FHOG?

1 IP a year..? Become friendly with a Pro-Active and helpful Mortgage Broker, I’ve found you’ll soon run into a brick wall called serviceability and you’ll need a ‘leg-up’ getting over it ..

Deprecation Report..May-June sounds good..but busy, help your accountant and have everything filed correctly,…[Read more]

Originally posted by wezwaz:

It’s the old story – not what you know, but who you know,

I always think its not what you know or who you know , but , what you know about who you know..[fear]
[exhappy]
REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive…[Read more]

There’s a Link to a free e-book from colm on this Forum if you do a search..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I believe that Steve uses (or used) a Family Trust set-up, TMA was happy with his company set up for his purposes, Some of the Asset protection specialists prefer Discretionary trusts and other Trust specialist recommend HDT’s..Unit Trusts I believe are usefull for Group Investing..

This is all what I’ve picked up though…………

“Money is a…[Read more]

Originally posted by Mortgage Hunter:
http://www.depreciator.com.au

I use him as do many other investors!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should…[Read more]

Just to stir the pot it’s not “WHAT” you earn it’s what you do with what you earn..

I know many people that earn “much” more than me and have “much’ less. (hmmmm apart from expensive clothes, car etc) reminds me of the song “we’re on the road to nowhere”.

From memory Jan Somers had a story about a forklift driver that…[Read more]

soooo.. what happens if someone puts down a 10-20% deposit, has the contract subject to finance at the purchasers discretion (or similar wording), you get the deposit, then, they get rejected for finance (maybe just had a few too many late loan payments) and they pull out (providing you with a letter of finance refusal from a bank)..they still get…[Read more]

[biggrin][biggrin]Love it [biggrin][biggrin]

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

They still dont have the one i’m interested in..then again its been so long maybe I’m only interested in it because I cant find it??

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi Ausprop..

Reminds me of a friend whose house was built..

first; the slab was poured in the wrong location (so had tobe ripped up)

second; slab was not correct, dynabolts were at a 50deg angle to get some bite into the concrete

third; metal frames not painted with that tar like substance to protect them when sitting on the concrete…[Read more]

LifeX..

Sounds like fun..

How did you go into the partnership (i.e via a Unit Trust?)

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Salacious..you’re not referring to that *sicko* on the radio the other day are you..?

What a head-case he was..(just when you think you’ve heard it all)

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

PS- Forgot to add “Check out some of NickM’s information at Strategic Wealth Managment as well”

I believe Cata and Coasty Mike from the forum can also help point you in the right direction regarding Asset Protection.

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive…[Read more]

[winking]C’mon PK I’m not ‘that’ good on the keybored….

Interesting Data huh..
PS- Saturday paper had a great liftout of Display homes, designs and where to find them

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator