Henry Kaye still owes my business money (unrelated to his seminars). It has been written off for some time, now.

I guess “We wish you a Merry Christmas” is not quite so catchy in Polish.

Crashy, I agree.

Tax deductabilty depends on the purpose of use of the money. As TerryW says above, you would lose this deductability status.

Just like emotion pushed some prices up, emotion will bring them back a bit on the basis of supply and demand.

I’m ready to buy, and would do so if the numbers were right but am content to sit back a bit and see what happens.

All those saying “don’t buy” may not necessarily be out of the market themselves.

S.I.S – if you are indeed still in school, my advice would be that provided you’re not absolutley out of your financial depth, do not defer having children just because of their cost.

I have my own goals financially, and while children will certainly slow my progress towards those goals, this never even came into the equation. Of course, it…[Read more]

One of the financial services companies is running an ad campaign putting a figure of around $260K from 0-18. “In the blink of an eye”.

I think I’ve spent that on mine already.[]

Is S.I.S really just code for “Margaret Lomas”? This is straight out of her books!

34 years is a good length of time, and I agree that the cashflow you get in the meantime is great. This will probably be what’s making it postitive cashflow – you just pay for it in CGT when you sell.

Shirley, having bought in TAS, NSW and QLD it seems that QLD is regulated (and in Tassie, I think) but NSW is a free-for-all.

Someone else will prolly know for sure.

As long as I can afford to do things without sharing, I will do so. From memory, Shared Equity was a response to the rising value of property and was about going part risk part reward with the lender.

Good to see you’re so well sorted out S.I.S! More so that I am, for sure. Never say never, I reckon.

Re your depreciation strategy, though, if you’re depreciating indefinitely, won’t you run out of things to depreciate? You can’t depreciate for more than an item is worth.

How do you envisage that working?

In Townsville/Thuringowa I have used McDonald Leong. Would use them again if and when I was to buy again in Townsville – so I guess that’s a good sign![]

What part of Queensland are you looking in?

The magic question!

You aren’t likely to get too many specific tips from this forum (no-one wants to disclose the location of their goldmine!).

Nonetheless, this forum is fantastic for giving tips on how to go about doing your own legwork, lessons to listen to etc. There are some good people who spend hours on this forum.

And, yes, it is not…[Read more]

No question for me – pay off the PPOR.

PeterM,

I completely agree with you that one would be ill-advised to enter into a substantial opportunity on the basis of some attractive numbers.

I am sorry if that is the conclusion you drew from my post.

My point was that you certainly will not get a look in from any of these substantial funders (from reputable companies) if your numbers…[Read more]

The IRR measures the rate of the return for the cash flows that are in place.

I think Excel has an automated IRR function that may help. Just follow the wizard.

Remember that in Steve’s book, his point is about cashflow, not just the cheapest purchase price. Make sure you do your research to try and understand why the prices are so inexpensive. A cheap turkey leaves a bad taste in your mouth.

What a fantastic game to be at. 60% yellow, 40% white supporters. Flatley is a true unsung hero. What a pity I have to spend my working day with 75% of the office from the UK.

Thanks for the tip! There you go… the link was there all this time and I didn’t use it. Kinda like “Forum Rules”, really.