Tails,

First of all i dont appreciate your patronising tone!

quote:
Scottie, it doesnt matter if you have a high income or not a tax deduction is a tax deduction

If I only pay 14,500in tax then once i buy more than 1 property my net income is reduced.ie ican only claim a deduction on the tax i pay once my loss is higher than my tax payable…[Read more]

Dot,
I’m just starting out in this game too,
but I’ve spent about 3 months doing my homework, and I’ve just made the first move.
Ive put in offers on two properties both returning over 12% gross. To be more specific they are both Queenslanders converted into two units. they are low maintianance for their age and have exeptionally low vacancies…[Read more]

By the way ‘Tommo1’
HERE HERE ![8D]

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

Tails,
If you want to know about scams and over pricing ,I have two friends (father and son) who went out and spent over 30k each to do a course in property investing.
They subsequently went out and bought 4 of what they called ‘positively geared’ properties. these properties were costing them approx 100 dollars a month each per property.Icould…[Read more]

pault277,
please correct me if my figures are wrong.
Making an $8k loss pa per property sounds fine as long as you have the high income to make use of the tax advantages.this also maintains the assumption that you want to keep working indefinately to maintain this income. how many of these properties would the bank finance? Where would you find…[Read more]

Quentin
just a couple of quick questions .How many investment properties do you own, how long have you been investing and do these properties add to your net income.
I am just about to start investing in property by purchasing 2 properties both returning around 12%.While I AM NOT purchasing them for capital gains , from my research ,I predict that…[Read more]

In my opinion a good tenant is a person who carries themself with self respect and pride. This sort of person will not only be proud of theirself for who they are , but also their home (rented or otherwise) and thier dealings with other people (eg landlords). Those who have no self respect (bad tenants) tend to treat others, and their property the…[Read more]

Hi RC,
I’m halfway through Property secrets revealed. Based on what I’ve learnt so far I’d say it’s a valuable tool for anyone interested in making money by investing in property.I to started with fast track and now I’m hooked on Steve’s philosophies. Hope this is of some help to you.

Scott

Hi Leigh,
In answer to your qwestion I feel Brisbane is at a differnt point on the boom bust cycle.
With property becomming unaffordable in the cities of Sydney and Melbourne home buyers and investors alike have flocked to south east QLD, causing steady growth which is spreading further from the cbd.
The -ve geared hirise market, in which I find…[Read more]

Firstly as a newcommer to this site, I have been helped and inspiered by everyone’s comments and adivce, so thank you all!
Secondly as a ****head living in a low end ****heap, I am offended by IRELANDS comments.
I own my own home, that I have substansial equity in, which I am looking to use to start creating my wealth. I have my reasons for being…[Read more]