C’mon, you are rich now Chan.[greedy]

You have 7 properties.[biggrin]

I know where to go for a lazy ‘C note’![bandana]

‘Eat rich food, barbeque a yuppie’ [greedy]

Maybe I have missed a post of yours somewhere Russ, but if you have so many +ve CF deals available, why don’t you buy them yourself?

If I was in your situation I would buy as many as I could.

Perhaps you have as well, let us know?

‘Eat rich food, barbeque a yuppie’ [greedy]

I agree with Russ.

Also;

Have you factored in council rates, water rates, insurance, maintenance, pest inspections, letting fees, PM commissions etc?

Does it still return a positive cash flow?

‘Eat rich food, barbeque a yuppie’ [greedy]

Do you have a PDA? You could do it with your mobile.

‘Eat rich food, barbeque a yuppie’ [greedy]

Originally posted by RussH:

I have 2 children living in Collie and a third about to build there.Whilst australind and Bunbury are hot favourites for there coastal location it doesnt necessarily mean that everyone will want to live there.

You are correct, not everybody wants to live their, but the City of Bunbury is growing much quicker than…[Read more]

You need someone who will read every bit of fine print and do every search imaginable that could be required.

Yes, you will have to pay extra for the searches and their time, but it is invaluable. Ours is around $1000 per property but worth every cent. If you are investing your hard earned cash somewhere, don’t you think it is worthwhile getting…[Read more]

Originally posted by redwing:
Agree with the fact many workers travel from Bunbury or Australind..

Kemerton was the town of 200 rentals required, haven’t looked at the issue though, have you ?

Goody, goody

As an Eastern Stater, I thought I would get in on this thread.

I thought the same about Collie last year and stayed well away. It looks…[Read more]

Originally posted by kay henry:
Why do you need to make STD phone calls to do property research? All info you need should be on the net.

kay henry

Kay

Sometimes I think it is good to talk to locals to just get a feel for the place. Unfortunately the net can’t give you those feelings!

‘Eat rich food, barbeque a yuppie’ [greedy]

I believe this is meant for those who go overseas for an extended period of time.

Some friends of ours are in the process of selling their Sydney residence (they now live in the US) as they have almost exceeded the 6 year limit. I also believe it affects CG too.

‘Eat rich food, barbeque a yuppie’ [greedy]

Originally posted by Pisces:
>>I only bought one book….. <<

Well that explains it all. just goes to show you one cannot, shouldn’t, do things on the cheap. [evo]

Pisces

Well I only bought one book and it came with the ‘get rich’ pill. I found it pretty hard to swallow though!

‘Eat rich food, barbeque a yuppie’ [greedy]

Originally posted by bashiba:
Does that mean then that any +ve cash flow property you buy without having to find any additional money is a good deal? Any extra money coming in in that case would be an infinite return on $0.

You are correct here. Personally, I am looking for zero deposit +ve IP’s. As you can imagine these are very hard (two in…[Read more]

Yeah well done Pisces, keep up the infotainment!

‘Eat rich food, barbeque a yuppie’ [greedy]

[
It would be nice if there were someone closer to the centre of politics…. for the moment the big X gets my vote.

http://www.tradingforaliving.info

Maybe that should be our new political party against these new taxes. ‘X’, I reckon we could get a few votes if the ballot papers had a party just simply called ‘X’.

What do you reckon?

‘Eat rich…[Read more]

Originally posted by Derek:
[Land tax kicks in at a very low level (around $10K from memory) whereas Q kicks in at $270K (also from memory).

Just to make it accurate,

Land tax kicks in at $50,000 in WA and $275,000 in QLD. These are for a person owning property not a trust. In QLD, if you have property in a trust you pay land tax from the…[Read more]

Pickles Auctions do a fleet, reposessed and lower prices cars and commercials (vans, 4WD’s etc) on a Wednesday starting at 9.30am. They are located at Belmore. Their website will have all the upcomming stock although, it may trake until Tuesday to get a full listing.

You can give it a go, they guarantee title but as any auction goes – caveat…[Read more]

Originally posted by Chan$:
NSW:

Investors currently running away! and buying IPs in other state. QLD will be the first target then SA.Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

you hope Chan[biggrin]

‘Eat rich food, barbeque a yuppie’ [greedy]

You pay extra stamp duty on your mortgage not on the property. There is a HUGE difference.

I have learnt that there is only so much exercise my body will take in 4 days before it shuts down on me!

Me this afternoon>>>>>[sleepyanim]

‘Eat rich food, barbeque a yuppie’ [greedy]

We only had our PPoR when we bought the QLD IP. This meant that we paid stamp duty on our loan facility for our NSW PPoR and the QLD IP. I don’t know anything about a refund though, you may be misinformed there.

Our WA property is still in the early stages, so we have not yet drawn down hence no stamp duty. Although it actually works in our…[Read more]

It is common knowledge that this government actually received less than 50% of the vote ! So it seems that the majority of the people actually were not in favour of a GST, and it is only due to the vagaries of our voting system that brought the Howard government a second term.

Ahhhhh Jerzy, selective memory is a common afliction isn’t it. Bob…[Read more]

Found it.

Here you go

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=8874

‘Eat rich food, barbeque a yuppie’ [greedy]