From WIZARDS Purchasing costs Calculator..

Purchase price of home : $290,000
State of purchase : WA
Loan amount required : $290,000

Purchase stamp duty : $10,484.95
Mortgage stamp duty : $1,015.00
* Mortgage insurance : Please refer to a wizard consultant [biggrin]

Your legal costs – estimate : $600.00
Wizard establishment fee…[Read more]

Hi MIKALA

I presume it would be too hard for Jaffasoft to guestemate Depreciation Benefits, but your right and a quick PM to Depreciator should help..this IP is 96-97.

We know the tenants well..great people you could say[biggrin]

A tax variation form would also assist.

I generalised with some of the prices such as the $650..it may cost nothing…[Read more]

$300 K Property

11 Second Solution:
Rent = 250
Occupancy rate = 100Percent
Solution = $125000.00
Asking price = $300000

Closing costs:
Deposit 0 Percent = $0.00
Legal fees = $800
Stamp duty = $12605.00
Mortgage app fees = $475
Mortgage insurance = $0
Valuation fees = $0
Other borrowing costs = $400
Clean up costs = $400
Inspection costs =…[Read more]

North and South of perth are growing well..IMHO East will soon have to play catch up..

Stamp Duty reductions on property under $250k has assisted price rises..

IMHO anywhere with new infrastructure has gotta be good (look at Champion Lakes ! I believe the southern corridor will also boom with the rail and freeway..lots of ‘spec’ homes being…[Read more]

95 Honda Accord as the family car and the “work car” is a Diesel Toyota Hilux twin cab ute..

Not sexy but hey…comes in Handy

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’d presume a lot of buyers agents listed under the Yellow Pages are nothing more than REA’s?

Buyers’ Agents
Purchasing without the stress

For most of us, buying a home will be the largest and most expensive purchase we will ever make. It will also be the most stressful. However, by choosing to purchase through a buyers agent, you can pass this…[Read more]

CONGRATULATIONS !!

[jerry]

Beautiful looking baby[angel][angel]..Congrats to the mum for a 26 hour workout..

Our baby girl is now 9 months Richmond and I can tell you where to buy a Rockingchair for the porch and where to put a shotgun on lay-by [biggrin]

Get some sleep ..your gunna need it..

REDWING

“Money is a currency, like electricity…[Read more]

PP

How about for Depreciation purposes as well as its nice to know exactly how old the houes is??

I always want to know..

REDWING

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

*massage loans*..I like that..

Guess thats what you’ve gotta do when you hit the serviceability wall, that and maybe realise a profit now and agin to keep the ball rolling..

We had refinance as well to move forward when it looked like we couldn’t.

We are looking for or next IP (4)and have finance sorted, the wife earnt about $15k last year…[Read more]

There used to be a group called Cashflow Club Perth (on the msn website) but it seems to be defunct now (not much activity).

http://groups.msn.com/CashflowClubP…ssageboard.msnw

Also some people who post on the John Burley forum used to meet in Freo . Try here …
http://mastermindforum.com/phorum/s…ect=1&fldbody=1

I dont know of any other…[Read more]

oops..sorry just reread the post MortgageMasters Must’ve become loancom..

try tracey@loancom.com.au as posted by Abby

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 agee Abby..

Give us the “goss”…[biggrin]

Another Group of Perth Investors would be a great thing, I know we have Tracey’s group..

Hi Everybody,

We have a network of like-minded investors who meet in Perth once a month. Everybody is welcome. We have been operating for 9 months since a couple of us met at Steve’s Property Masters in June…[Read more]

I was under the same impression as Simon re: The IP’s being ok and you can still get your FHOG.

Not that I can ever claim it[glum2]

On a Positive note though our property prices all jumped when FHOG was introduced [exhappy]

REDWING

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

Do you discount for Bulk and how negotiable are you?

REDWING

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

Redwig..?

Hey.. my hairs all my own, what are you saying ??

REDWING

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

What Suburb in Perth..

Winton A/C in Joondalup and Needhams (near Freo but travel all over) are both pretty good IMHO..ask for some quotes (most are free I’ve found) and get a few opinions..costs you nothing and you’ll probably feel better for it..

REDWING

“Money is a currency, like electricity and it requires momentum to make it…[Read more]

Will be turned into housing development blocks, i think only the oval will remain and some nature areas..4 buildings have already been bulldozed.

Part of a deal with WA Government for the land at Joondalup from memory..its been slowed down as they were supposed to be out of Churchlands in 2007 at the latest.

“Money is a currency, like…[Read more]

ASDF i Believe your right and throw <deleted- spoke to a sales man for Dale who set me straight> into that mix as well; all the same group.

Uni’s are now losing students (about 9% and TAFE enrollments are up 25%) as people get back into the trades

REDWING

“Money is a currency, like electricity and it requires momentum to make it…[Read more]

Marisa..our Morley IP has shocked us with its CG over the last two years..

REDWING

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

ECU Churchlands will be closing down in about 2008 (Mt Lawley and Joondalup will grow larger) that will take some of the students out of the area..

Large Competition base with so many units in the area..but hey rents are increasing vacancy rates are low and i have a friend who has done really well with units in the area and…[Read more]