Forum Replies Created
Hi Wallace,
You named everyone who failed you, but not the one person/company that didn’t?
I’m surprised you’re not extolling their virtues?
Or are you just encouraging interest?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Candy..
is it a GEHA lease?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFeelings are what you get at the dentist aren’t they?[biggrin][biggrin]
It’s all about negotiation with rents, achieveing an outcome that you both accept.
I have a tenant with some medical problems and going through a difficult stage in her life, we’ve decided to leave the rent as it is for the last two years, the $5 or $10 rise may have forced her out and we’d be up for the cost of advertising, agents inspections fees etc.
Our tenant is hardly ever there and the gardener looks after the gardens, we’ve got the tenant to sign a lease giving both us and her some stability.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhat are Palmerston, Gray, Gunn, Driver areas like?
Last time i was in Darwin was about 1992 and Palmerston was going great gunns..
Larrakeyah was also a good area (not where i was staying though
Darwin reminded me of a huge country town..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Marisa
In WA try http://www.landlordsadvisory.com.au for advice; you can always begin the legal process yourself as well if you feel the need.
I always use PM’s for my IP’s saves the headache (most times)have you been keeping records of notices etc to him for those occasions when he has not paid, has he given a reason for not paying this time? You need to establish the trend..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[winking]Thanks TMA
Both Reactive-Proactive and with a dose of honesty thrown in..[biggrin]
With the accountants and having to choose the better of the bunch you’ve recommended, i’d have to go with one of the three..the fourth is obviously no good at his job [laugh4]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhat are rental returns like in Darwin, i’m led to believe things are going great guns ATM by rellies up there..
REDWING“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree with Dazzling also..we have all our Loans with NAB and got a discount on rates etc, however, looking at new IP, restructuring and possibly moving banks..negotiation time [biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTMA..
Maybe we need to *revalue* Christobells IP in 10 yrs time then?[biggrin]
I always remember that you make your profit when you purchase….apart from when you never never sell, then the price you pay isnt as important (read Jan’s book)
Glad i’m not involved on the rollercoaster ride over there and live in WA..
REDWING“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi TMA
in your Honest Opinion and for the benefit of those people who struggle to understand the world of property investing and are fearful of taking the first step, what would you propose they do?
I would’ve thought the Investors Club was the better of the bunch out there for a newcomer, especially someone who doesnt have the time or interest that we do..
I’m interested in a Pro-Active approach for newcomers from you rather than a reactive..
i’ve still never been to TIC meeting (the days they are on don’t fit my schedule) but i’m sure it’d be interesting[blush2].. i loved Dazzlings post and i’d be interested to hear Dereks opinion or others from TIC on this topic.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRP DATA is great too..especially for individual properties where you can view their history..
Have a semi-retired friend in Perth who uses the VGO to his advantage, he also only looks at properties on the market for over 8 weeks (motivated sellers).
Showed him Peter SPANNS book and he loved it… showed him DD’s article in API and he agreed with a lot of it and loved DD’s Tips..
PS- he asked me to photocopy the Mandurah article for him as he has IP’s there and is *bullish* on the area still.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOuch?
[
]So you are not a fan Christobell, other than your IP’s value heading south what did you think of the club and the process?
Where the heck did you buy..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTerry..why not contact Julia from bantacs through a PM or e-mail and see what she says?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHey Dom..
Salacious meaning..
(spicy, interesting,exciting,sensational,)antonym uninteresting.[biggrin]I agree Its always good to have a positive outlook, as they say it’s not so much timing the market but time in the market. The thought that you make your profit when you buy, doesn’t apply if you ‘never’ sell[wink]
WA-NT-QLD IMHO still look good.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAre you a nurse Christobell ? [angel]
As for this post..ResiWealth any thoughts on Reverse Mortgages advertised for the elderly.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorMagellan..some companies cant even get their mines going due to lack of skilled labour.
Sons of Gwalia crashed to earth..it will be interesting if St Barbara now *kicks* production up a notch again now they have bought SOGIES… lets hope they do.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorKalgoorlie is a town of declining population isn’t it from memory?
And it’s a bit like Las Vegas it’s in the middle of nowhere, there are many properties for sale in the area, i’d presume many others for rent also, as advised by the others on the Forum you need to do something- and now.
Reducing the rent and getting a tenant into a lease is certainly worth it. Look at the Latest API mag and browse this site for tips.
Consult other REA in the area, a lot of single people are not after houses so you may have to make the IP more appealing.
What are you charging for rent (there are a few otherinvestors on this forum who own in Kal and may be able to help)?
Is it your PM or the RE Agency not putting in much effort?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJust *throwing* Dan’s Post from the past back into the Ring..
There’s a lot of Great Info in the Archives amongst all the skeletons and ghosts..[evil5]
[evil4]REDWING[evil4]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSome great stuff..
See Somersoft for Dan AUITOS stuff as well..WOW!REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFrom NOEL WHITTAKERS Newsletter
Two key ways to save tax are to defer income and to bring forward
expenses. Therefore, delay the receipt of income until after June 30th if
possible. Ways to do this include placing money on deposit with no
interest payable till the next financial year, and deferring the sale of
assets that may give rise to a capital gain. And remember, CGT is
calculated on the contract date not the settlement date, so don’t fall into the
trap of thinking you can postpone CGT till next year by signing a
contract now with settlement in July.If you earn between $58,000 and $70,000, and are in business or have
investment properties, try to rack up as much tax-deductible expenditure
as possible before June 30th. The obvious ones are repairs and
maintenance such as painting, but don’t overlook the importance of pre-paying a
year’s interest. This will free you from worrying about interest rate
rises for the next twelve months and will also give you a safety buffer
if you get into financial strife. Be aware that you can’t prepay
interest by simply depositing a sum of money into your loan account. You will
need to make a special arrangement with the bank for the interest
pre-payment to be effective, and then pay the entire sum to the bank by
cheque or direct debit.Keep in mind salary sacrifice, which is still the best tax saving
strategy for the ordinary PAYG taxpayer. If you earn $80,000 this year and
could sacrifice $10,000 into superannuation you save $4,850 in tax.
After June 30th that same $10,000 sacrificed will save you only $4,350 in
tax. You don’t need to make the salary sacrifice a permanent
arrangement; if your budget is tight next year you can forgo it.Superannuation will be even more attractive for high-income earners
next financial year, because the surcharge will drop to 10% and the rate
at which it cuts in will be indexed too. The upper threshold for
surcharge is now $121,075 but will be at least $125,000 after June when the
new figures are released. Obviously a high-income earner is better to
salary sacrifice into superannuation, and lose a total of 25% in
contributions tax and surcharge, than to take it in hand and lose 48.5%.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
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