Bill,
Put me down for $100 would you. I only just found out what you were doing, so i apologise for not donating earlier… why didnt you say something in your email??
cheers
shaun

I’m not sure what bill was saying. As for my reply i was just goofing around.
Bill may have meant those young but have an IP, i am not sure. you will have to ask bill.
cheers
shaun

I have a negative geared but pos cashflow property. I put in a 221D with the help of an accountant to the tax man to get my tax back now not yearly.

I too have had problems with getting a valuation done actually twice, and after emailing phil jones’s partners here is what i was told to do to get a fair valuation.
when buying an IP put a clause in the bid saying that neither the vendor nor the RE agent are to tell the valuer the asking price. Arrive on the day of valuation and if he wants to…[Read more]

redwing
yes you are correct, this is where you get the tax benefits now. there are catches though. I have been told expect to be audited, but as long as you have all your paperwork correct this shouldnt be a problem. I wouldnt recommend this to any one who wants to be a little creative with their numbers again you wont win against the tax…[Read more]

14 hours is a fair old hike, but it may be worth it in the long run, as lucky phil has said i also would reccomend a propertymanager. when you sort out the property management agreement, look for the clause that says you must be contacted if damages (ie blocked drain etc) cost more than 250 dollars. this will at least give you an alarm bell to go…[Read more]

“You’re right though. It’s quite interesting that only senior (with respect to no of posts, not necessarily knowledge!) people have posted (with the exception of the ‘young at postings’ Shaun and Castle”

i have nothing to say except i wanted to get one more post on the board! []
Bill, love your work. will speak to you soon

I was warned this type of thing might happen!
Thank goodness i have a great mortgage broker and accountant who speak to each other.
Being warned that this may happen several months ago. when i set up the loan for my first IP this is how it was done to avoid repayment should they decide to want money back.
IP in darwin is worth 220,000 but bought…[Read more]

I agree, just remember the there are two prices for property in darwin. one the locals pay and one for the southerner’s
house prices have gone up in darwin as well (see web page)
http://www.news.com.au/common/story_page/0,4057,7711699%255E13569,00.html
There is also a lot of development going on up there, so i dont think there’s too much…[Read more]

Got your email fine. will see you there.
thanks everybody!

I’m at work so i cant leave my email address here. Something to do with the Defence Internet policy. If you leave your email address i will contact you straight away.
sorry for inconveniance.
shaun

I go off CPI to increase the rent, ie the cpi for darwin is now 2.4% so the rent should go up 5 dollars. I have checked with the other owners in the same block of units and there rent is 270 per week where as mine is 265. Due to the wet season etc I have no intention of increasing rent till june next year. The other owners are finding it hard…[Read more]

I walked past the newspaper section in my building today. every newspaper was about the interest rates rise. Feel sorry for those that got greedy on property without doing any risk management…. I mean why wouldnt you expect interest rates to rise eventually?
They obviously fell into the hype without any education first. I think this is only…[Read more]

would like to get in this, if thats ok

I think i’ve started a storm in a tea cup here!
the brains of an idiot means when you get caught in trouble look ignorant, to get out of trouble you need the slyness of a fox to get away with it.
has gotten me out of trouble more times than i care to admit. that vacant stare… the glazed eyes…. cant do it any more though (bastards)

For bill.
glad to have been of help. the national library is a great place for all that type of info. i will go in once a month and do the numbers for you. I didnt really see much difference when i was doing it as i was probably doing the numbers wrong. to get 25% increase, did you average the numbers for each month then average those numbers…[Read more]

I’m not sure if the ATO page below is going to be any good to you. if you search through it it should give you a phone number to ring. I ring the ato all the time and find them very helpfull when i dont understand something on their web page, so do your homework so that when you find an accountant you can ask him questions. that way you will…[Read more]

for background checks into area’s. have found the national library has a lot of newspapers archived daily.
great for checking the “bell ringer theory”

http://www.nla.gov.au/
enjoy
shaun

I know what you mean bill, i went sight seeing all over nsw on the weekend, didnt get as far as cowra but i did get to young, cootamundra, harden, tumbarumba, junee, wagga etc and didnt find anything. prices were too high and alot of vacancies. I would ask one agent what he had on his books then ask another what rentals he had (told them i was…[Read more]

Haven sent and received several emails from bill, i can vouch for his integrity. He has done nothing but help me with every question and doubt i’ve had.
Bill – will get you the information you’re after this week. I have to get to the national library tomorrow.