Hey Guys

Thank you so much for your responses.

I am in WA and the broker is in another state, but i also found out today that when a broker is dealing with a consumer in another state, then the state laws of the consumer apply. Therefore WA law is applicable in this case.

The application form to draw my equity was on the same application as my…[Read more]

Sorry just wanted to say that this broker does not contribute to the forum or post messages.

Sorry just dont want to make the other brokers look bad

Thanks Simon, I think have been going the wrong way about buying!

Mentee

Forget about listening to the REA and do your “Due Diligence” . You should be the one to work out what YOU want to pay and what the property is worth, and weather you are getting good deal.

Dont enter into bargaining wars, you will only end up paying too much.

Work out your walk away price and stick with it. There is always another property!

Hi Redwing

Im not sure, I wasnt aware that borrowing was limited on a smaller property???

I have a fairly large deposit that should cover me!

Yes, was hoping some east siders would respond??? are any of you out there [strum] help me lol

What state do you live in Redwing? Are you going to the aspire weekend???

Hi

Thanks for your response!
Sydney is cheap in comparison to other capital cities.

They are 45sqm studios in the World Tower…?????

approx $400 rent..

hahahaha god all this property stuff is getting to all your heads.

I suggest you all drink some warm milk and go nightie night.

Hi There

Wondering a few things

1. How big is the block of land?

2. If there are already four existing buildings, why are you subidiving? isnt it aready sub divided? Sorry it doesnt sound clear what you are wanting to do.

THanks

How does one find a sea view property, half an hour from a major city that is subdividable for $200k??????????

I must be seriously missing something!!

Hi There

The old age question! Its very simple.

I dont believe earning more or asking for a payrise is going to solve your problem. If you are not good at handling 10k you wont be any better at handling 100k. Its a known fact that as peoples income goes up so do their expenses.

I used to have 4 credit cards, live week by week and had one IP.…[Read more]

Wow, well done! wish I had caught onto PI years back, at your age.

I think Tizzy is right. Take her to seminars and ask her if she will read a few books… give her Rich Dad Poor Dad to read first (lol here I go again).

Feed her with positive information! and make her feel comfortable in knowing at the same time that you are doing this to try…[Read more]

Hi

Confused by your question!

Do you already have you own home (that you live In) or an investment property?

Do you own any property???

If so and it has gown up, then you can use this as equity for your 2nd property??????????

The books that really changed me were “Rich Dad Poor Dad” and then you will want to read the rest he has written. God, anyone would think i was earning profit from his book sales lol

Craig Turnball is a great OZ based mentor

http://www.iaspire.com.au

He has club nights all over the country and some great mentoring programs.

Hi

Can the person who runs the Perth based club please contact me.

I would like to join.

Ok i’ll listen :> thats one person. How many more do you need to listen before you explain?[biggrin]

Hi There

Which state do you live in????

You need to start reading lots of books and attending seminars.. surf the net for some good sites that give you statistic information.

Start learning about the economy and how changes to consumer spending/debt, mining, population ect can affect investments. And be aware that things move in cycles.

Go…[Read more]

Thanks for your help guys!

Oh no! I have seen the CGT Guide from the ATO.

It looks scary, ok, ok…….i’ll stop being lazy and start reading!

Hi There

Ive not added a bathroom before.

WIth my research in WA on average houses in average areas, the value seems to be around $10k more for a 2 bathroom as aposed to a 1 bathroom property. I guess it depends how much this is going to cost.

These days we ALL prefer at least 2 bathrooms but it all comes down to sums and if its going to…[Read more]

Hi there tkting

Thats a smart move and ive been thinking the same.

I purchased a number of IP in the past 12 months and i regret some things I did because I should have consulted an Accountant first esp for setting up Trusts ect.

It is one of the most important factors with investing to have a wizard accountant. Taxes are one of our biggest…[Read more]

I am new to this forum and its the best one ive used. Everyone is helpful and excited by discussions… I think im getting addicted :>

I really have to learn more about Taxes thats for sure.

Is there anyway you can limit Capital Gains taxes.

For eg. my large corner block.

If I subdivide and sell the back part as empty land and then use…[Read more]