Diclem,

I prolly have missed something, but I suspect the “Sadie” thing is as in “Sadie the Cleaning Ladie” and the link with certain (Danish?) cleaning products…

In partial answer to #2, most pest inspector reports I’ve have an all care, no responsibility clause in saying that they’ve checked out everything they can see but didn’t move furniture, look in roof, lift carpet etc.

Probably a good question for a good broker to answer!

In my experience, the banks only care about the principle (not principle minus redraw) – ie the higher of the two amounts. The argument I get is that becuase I can withdraw the redraw at any time they need to consider their worst case.

Perhaps if it was refinanced and you “spent” the redraw…[Read more]

I have a two-minute philosophy that I would like someone to challenge, if you want to that is!

I’m not an economist, and certainly do not spend days pondering the movements of the financial markets and all the things that drive interest rates.

So, assuming that I don’t know any better than an economist who sets rates for a bank, why would I not…[Read more]

To give me choice – one day.

Unlike many people, I don’t hate work and the idea of telling my boss where do go doesn’t do anything for me.

I invest so that one day I can pick and choose what I want to spend time in / what business to be in, and not have $$$s as a primary consideration.

In the meantime, I get a lot of satisfaction from playing…[Read more]

I have an overweight tenant on workers comp who has a genetically modified cabbage patch and doesn’t look both ways before crossing.

Anyone have the number for A Current Affair? []

My two current IPs are literally at opposite corners of the nation. See the archives for the types of questions to ask and then find a good solicitor / inspectors / agent etc.

From a distance, quality of these services is more important than a few $$$ savings in price.

I’ve had my turn in this game about 10 years ago.

They will insist it’s not “pyramid selling” and it’s not. They will insist it’s legal – and it is.

But the business model can ONLY work by getting more people to sign up. Most people go straight to friends and family and put pressure on them. The companies know this and play on it. This is an…[Read more]

For me it’s all about the numbers. I bought my two current IPs on the basis of a few GIF images and on the basis of the various inspection reports. One place is a 2150km away, the other is 1370km away. But the $ numbers stacked up. I keep in touch with the agents and inspect no less than annually. Seems to be working so far… My current mentor?…[Read more]

Like most people, I’m just getting my pre-approvals and finance in order so that I can go should something arise.

Lack of supply is my principal reason for hanging back.

In the business world, there’s plenty of money around for opportunities >$10MM right now. This is where the main game is at. Just make the numbers stack up.

I agree – there’s much, much less around now than there was two years ago.

I have a place in LST which has done well in the last 12 months (along with most other things), but the numbers certainly would not stack up if I was buying today.

This, combined with the usual risks of Tassie have lead me to look elsewhere.

The usual arguments for TAS are concerned with population growth – which as a state has been slightly negative in recent years (though improving).

But the West Coast is a different story to Launceston and Hobart. Once you start to head south, it gets pretty deserted. I distinctly remember thinking as I drove through Zeehan (and Queenstown) that…[Read more]

Thanks, Lyrical. As I thought, I was getting caught in definitions as used on this forum. I understand the maths well and I guess that means my IPs are “neg geared but pos cash flow”. As the nett result is pos cash flow I consider the tax arragement to achieve it (incl. neg gearing) part of the means to an end (ie I have pos cash flow IPs, not pos…[Read more]

Thanks, “Schoolie”. Actually, my question was not about positive gearing but positive cashflow.

I may be getting caught up in definitions and terms here, but if you are genuinely negatively geared, this cannot turn into positive cashflow unless the govt rebates more than 100% of your loss – which doesn’t seem to happen too much.

Otherwise, any…[Read more]

Shaunwalker – how do you have neg gearing AND positive cashflow at the same time?