Originally posted by Asian spirit:
Have you thought about fitting permanent wired in smoke detectors, for their own protection, a few beers and a stray fag could result in a fire, and it’s your property that would burn down not theirs.As mentioned earlier encorage them to smoke outside

We had a tenant who smoked pull it apart (noticed by us…[Read more]

I’m surprised that after 7 Months you haven’t found anything yet?

I purchased about 7 Months ago, get about a 6.7% return after letting it as a fully furnished poperty and have had about $70k Capital Growth on the IP, the rent is due to go up in 4-5 Months as well.

I think it costs me about $9.26 per week to hold after all cash, tax,…[Read more]

Heres a Managed Funds Link..just remember when researching them and looking for income funds that “Past performance is not an indicator of Future performance etc ”

An Offset A/c Sounds the best option if you want to have your cake(savings) and still eat it later, I wouldn’t service debt with debt at this stage

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

Would an Offest Account on your IP Loan be better than an On-Line account Simon?

We dont have a PPoR, so can’t use it for non-deductible debt anyhow…….

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

I would’ve been of the opinion that if you sold the property to the trust and then rented back again it would be seen as being set up to avoid tax as well as costing you money to “sell” it to the Trust?

If you are looking atdoing H&L packages and other strategies then purchasing through a Trust is a great move for its Asset Protection, Estate and…[Read more]

He has a seminar in October?

Is there a link to a siteor such?

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

Do you mean sellling the PPoR to the Trust and then renting it from the Trust yourself as well as using the equity to fund H&L Packages or similar?

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

WA is still BOOMING and the NT seems to be chugging along strongly in Darwin as well..this news Surprised me though re MT ISA and BANANA..

Meanwhile in Northern Queensland there has been a surge in house prices, particularly in mineral rich regions which has fuelled the current property boom in areas such as Mt Isa and the Banana Shire which…[Read more]

REViQ is worth a look and you can get a trial copy, but I’d go with PIA from Somersoft (you can download a trial version as well)..dont know much about I.D.

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

Fees are increasing, markedly in some cases..see below (from a year or more ago..Needless to say this didn’t happen, we negotiated and got the pen out, how many people that received these increases wouldn’t have though I wondered)

Letting fee-
From 8.5% to 9.35%

Fixed letting fee for each new tenant-
From N/A to 2 weeks rent +GST (less 1 week…[Read more]

looks pretty standard to me in our state where we pay a premuim for……….?

Sorry, can’t think why we pay so much..

Check that 8.8% doesn’t then include GST..because the standard rip off, I mean fee is about 9.35% in WA

We’ve negotiated most to 8.5% though andhave gone through the fee’s structures with a biro of late and reducing the…[Read more]

Cool..whats the username and password to get in ??

;o)

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

I agree Foundation it will be interesting to see how Navra Funds perform in a decling market and a bear market..if its decling and voliatile then it should perform “very” well..if its flat lining then I cant see it doing very well AT ALL, however the chance of all the stocks held flatlining would be slim wouldn’t it?

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

Hey Cata,

From memory the Divorce Rate in Australia is at about 52% at the moment so you’re not the Lone Ranger.

Knowing you from the Forums, PM’s and E-Mail your’e a strong person, I know its an axiom, but “Time heals all Wounds”..wish you all the best mate !

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

I believe there are more benefits than not in getting a schedule done ASAP;I use Scott from this forum and http://www.depreciator.com.au .

On the other sideof the coin I have met an investor who prefers not to get a depreciation schedule done due to the reasons tools stated..however, in that time you may have had to replace items such as curtains,…[Read more]

If that Trust also holds other Properties or is then used to acquire additional properties that would also strengthen the case as it would show intent would it not?

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

In Australia you pretty much have to pay yourself Second in the majority of cases – TaxMan comes First ;o)

However, Second is still a pretty good place and you can do a lot to improve your position……

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

The Kalgoorlie Miner is available at newsagents in Perth..so check it out.

A search on this Forum will show some great info as well as there are some members who hold properties there

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

You need to keep accurate minutes of meetings etc as well..

Not sure if there’s some kind of checklist available though to ensure you keep all your ducks lined up?

“Money is a currency, like electricity and it requires momentum to make it Effective”

Online Positive Cashflow and Renovating Calculators

Kal has a transient and declining population, many workers fly-in, fly-out, there are a lot of older properties there as well..

having said that, the place is “busy” again as was so during the last boom..I believe Mark HAY has a project underway there and during some periods of the year you “cannot” find accomodation (like now..Kalgoorlie Race…[Read more]