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Viewing 18 posts - 1 through 18 (of 18 total)

rocket2
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@rocket2
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Post Count: 21
January 18, 2005 - 11:56 pm
Hi Sonya, evaporative airconditioners are a very poor form of airconditioning. They rely on low humidity to work efficiently, when humidity is high the water does not evaporate and so you have little or no cooling. If your neighbour has the same type and it is working OK then yours is faulty, if they have a compressor driven unit then it could be a different story. As for who pays, as a landlord it has been my responsibility to repair fixed appliances, so keep onto them! Cheers.
rocket2
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@rocket2
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Post Count: 21
January 17, 2005 - 10:59 pm
Hi Kir, your own home loan does not go up, you can borrow the full amount for the investment property but it will be secured against your own home since that is where you have your equity. Have a talk to a mortgage broker in your area, it will not cost you anything and they can explain how it all works. Cheers.
rocket2
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@rocket2
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January 17, 2005 - 3:02 am
HI all, an “interest free home loan?” what is it? surely you get nothing for nothing?
rocket2
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@rocket2
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January 17, 2005 - 2:22 am
Hi Ausprop, unfortunately i dont live in summer bay , im in the hunter valley in NSW, you know, the TAXATION STATE!!
rocket2
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@rocket2
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January 17, 2005 - 1:56 am
Hi guys, I havnt been online for some time, been busy demolishing an old caravan park to build houses. Be aware that demolition costs can skyrocket if you have say a asbestos roof as was the case with mine. Also dumping costs for waste concrete can also be pretty high, good luck.
rocket2
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@rocket2
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December 5, 2003 - 10:52 pm
Hi all ! Maitland (in the Hunter Valley)
Home of Steamfest, 20 minutes to the beach, close to the vineyards,45 minutes to major coal mines,90 minutes to Sydney, major shopping, new home to the Department Of Mineral Resources (under construction), new home to Caterpillar (site fast-tracked to be completed in the first half of 04), more industrial expansion ongoing, lots of residential expansion, good rents and low vacancy rates, 3 golf courses in a 10 minute radius and Greg Normans newest course 20 minutes up the road.
Sorry, am i going on a bit?[]
rocket2
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@rocket2
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November 26, 2003 - 1:06 am
Thanks Simon,
Looks like if you bought an investment property after 2000 and did not live in it you can still get the grant, Is that correct?
Rocket
rocket2
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November 26, 2003 - 12:15 am
Simon.. When you apply for the FHOG It asks whether you or your partner have ever owned residential property in Australia. So how can you have an investment property and still be able to apply? Rocket[?]
rocket2
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@rocket2
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November 21, 2003 - 4:28 am
Sorry, Newcastle & Hunter Valley is where I hail from. Regards Rocket[8D]
rocket2
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November 21, 2003 - 3:48 am
A network of likeminded peole around Australia could probably inspect properties for each other. I wonder where you’d find people like that???[^]
rocket2
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@rocket2
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November 21, 2003 - 3:36 am
A lot of positive cash flow properties ive seen are the ugly ducklings,or have something about them keeping the price down.
Excluding position i think you just have to have enough vision to see how you can make the property more desirable.
Dont forget you can also improve your current returns..E.G. Ihave a 2 bed. unit i was getting $110.00 PW for. I spent $20000 on it and now my return is $160.00 PW or about a 13% return on my $20000.[8D]
rocket2
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@rocket2
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November 21, 2003 - 3:02 am
Boomerang beach, Pacific Palms, 2 bed. unit, absolute beachfront with views to match! Looked at buying it in 2000 for 220000, decided against because of low yeild. It has just come back on the market at $750000!! Rocket.
rocket2
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@rocket2
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November 21, 2003 - 2:48 am
1. My parents went on the old age pension..Needless to say they dont live a flambouant lifestyle.
2. I have accumulated 2 houses, a block of 3 * 2 bed. units, and i just bought an old run down caravan park (still has income) sitting on 7 torrens titled blocks which i want to develop into 12 * 3 bed. townhouses. This has taken 3 years and boosted my net worth 5 fold. Rating 5/10
(wife says where moving to slow)
3. 5 to 10 years
4. Reading, attending seminars, consistently searching for opportunities.
5. To have enough passive income so i can only do the work that i enjoy, or stop if i so desire. Also to convince my kids to start earlier than we did.
6. The journey. That was 6 questions?
Rocket[8D]
rocket2
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November 21, 2003 - 2:29 am
So i can have someone to carry my luggage []
rocket2
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November 20, 2003 - 1:28 am
Tomorrow never comes….so get started today!
Rocket
rocket2
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November 20, 2003 - 1:14 am
Hi everyone, always looking! always keen! Would buy daily if the sum’s add up and i could get the finance. Rocket[^]
rocket2
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November 20, 2003 - 1:05 am
Thanks guys, appreciate your opinions.Do you think the way to go might be to set it up but leave redraw funds available in my home loan to cover any future rulings? Thanks Rocket[8D]
rocket2
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November 19, 2003 - 12:01 am
thanks shaun, appreciate the comments. i susspected the figures may have been slightly loaded, will check the figures out myself.im not interested in negative gearing at all! been there done that!just interested in passive income these days. anyway thanks again…Rocket.