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  • Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831
    January 21, 2004 - 3:40 am

    Hi Kay,

    In short, yes

    r

    Profile photo of richmondrichmond
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    @richmond
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    January 20, 2004 - 4:39 am

    I don’t know what state you’re in, but when I was buying some in Qld, I put down about $100-$500 from memory to hold 4 houses worth over 300k. The 10% thing wasn’t an issue… cheers.

    r

    Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831
    January 20, 2004 - 4:30 am

    Yes, we in the media, particularly those of us who have an input into the nightly news, have an agenda to control the economy, and society as a whole. We are soldiers in the army of Kerry and Rupert, and we do want your brains. mmmmm brains….

    from richmond, a happy little media member, with very naughty aims of controlling your every thought.

    [}:)][}:)][}:)][}:)][}:)][}:)]

    Profile photo of richmondrichmond
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    @richmond
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    January 20, 2004 - 12:07 am

    Deb,

    I hope this doesn’t sound rude, but did you actually read all the posts? It’s a pretty comprehensive report.

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 19, 2004 - 2:17 pm

    Um, I posted in Sept 2003… as did Westan, as did TerryW, as did numerous others… we just don’t post in the prolific numbers that a few others seem to be able to manage.

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 19, 2004 - 1:15 pm

    Hi Pisces,

    Markpatric’s statements like “Maybe money was not a priority in thier life, there are more important things” isn’t foolish, it’s true. (Mind you, money in itself is important in today’s society to meet particular needs and wants)

    Now, I’m not on for an argument, so I’ll be off… *whistling*

    r

    Profile photo of richmondrichmond
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    @richmond
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    January 18, 2004 - 10:38 pm

    I’d take on board what icrose just told you… I wouldn’t touch them with a 10 foot pole… by the way, what does it cost to go to?

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 18, 2004 - 10:35 pm

    You’re a smart bloke redwing, you shouldn’t have any probs finding your own deals… unless you’re stretched for time that is, in which case it might be worthwhile leveraging off someone else… I’m not so sure the depreciation angle is the way to go, because you’re still going to eventually limit yourself borrowings wise…

    cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 18, 2004 - 10:32 pm

    That’s funny, I remember them doing stories only a few months ago about how you could make a fortune in real estate in 5 minutes…

    What does this type of story do for Steve’s relationship with TT? Would look weird doing stories on property investing in tandem with property crashes wouldnn’t it?

    Anyway, I wouldn’t put any weight at all in a TT story, or an ACA one for that matter… unless the journos/producers themselves actually understood property investing…

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 18, 2004 - 11:17 am

    G’day SIS,

    I’m intrigued as well… and for all the “guests” reading, thanks for being part of my day…[:p]

    I actually think there’s more lurkers on this forum than there is on the somersoft forum… but I don’t know why that would be the case… anyway, enjoy…

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 16, 2004 - 9:12 am

    Hi SIS

    Which areas do you wish you’d bought in 6 months ago? Mackay’s probably my pick at the moment

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 14, 2004 - 1:18 am

    Hi Elysium M,

    It’s more a case of an accountant thinking he was doing the right thing at the time for my wife.

    My wife, and she admits this, knows bugger all about finances etc… back when she did her tax return for the first year she had the property, it was rented out for about 6 weeks… the accountant decided to claim all the interest for that year (it settled on March 2001)

    So basically, about 6 weeks of interest payments were claimed that shouldn’t have been (approx $1000). I know that the ATO’s views is that SHE declared to them that it was an investment property from day one, but the accountant made the suggestion to do so, and she just went along with it, not knowing any better.. mind you, the CG on the place has been around 200k in the time she’s owned it, so we’ll happily pay any interest penalties, which will be small in comparison…

    cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 14, 2004 - 12:25 am

    I’d just laugh in his face…

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 13, 2004 - 12:05 am

    Hi ALWALW…

    I agree there’s often not a lot of substance, since so much stuff gets covered over and over and over again…

    At work I’m always checking in to see what’s new, but I’m also doing plenty of research in other, more important areas as well…

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 12, 2004 - 8:02 am

    Thanks Terry,

    I rang the ATO and they said it was all no worries… even though she only lived there for a month and a half or so before making it available for rent… trouble is, her accountant at the time claimed interest payments from day one (probably thinking he was doing the wife a favour), so we have to fix that up by writing a letter and paying some money back, but they reckon it’s no worries, since we can validate the fact she was living there easily enough through bills and electoral rolls etc.

    I think they were actually taken aback when we rang to tell them “hey, I (wife) got too much money back on a tax return, we want to pay some back”…

    Footnote to all this is just to confirm that if you get married and both of you have separate PPORS , you certainly do have only six months to dispose of one of them, if you want to keep the CGT exemption. Of course, for some people, it’s better to just turn one into an IP. I only became aware of that today through Terry, Dale Gatherum Goss and the ATO.

    Cheers,
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 12, 2004 - 7:57 am

    A big congrats to you, I love hearing stories like that… maybe more of us would be able to do likewise if we didn’t spend so much time on the forum [:I]

    cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 11, 2004 - 8:43 am

    That’s funny Kay, I was thinking the same thing… maybe go out and start up my own courses, slug people a few grand for the honour of hearing me talk, and sell it by telling people it’s tax deductible… how win-win is that? [8)]
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 11, 2004 - 8:00 am

    I think the new year has brought a much more mellow Bruce, which is great…

    cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 11, 2004 - 7:51 am

    as I said, keep reading the threads, there’s a wealth of archived information here…

    Cheers
    r

    Profile photo of richmondrichmond
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    @richmond
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    January 11, 2004 - 7:28 am

    “Well S.I.S., if Vic Ollis is able to buy properties at 50% below the proper market value then so can S.I.S.”

    I’m sure SIS wouldn’t employ such tactics to buy at 50% below…

    Cheers
    r

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