Sorry but i have to agree with Westan here, im not sure if you are fully 100% financing the loan, but if you are, you need to be aiming for a minimal 14% return on your rental gross yield, for this property to be even positive cashflow.
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and…[Read more]
To be honest, sometimes a deal might seem too good, and it may make you feel uncertain and a bit weary to grab it and invest in it.
For me personally, i think the selling price is still to much and that the property is not positivly geared, this property would fall more under a neutral geared position, though, one of the guys i talk…[Read more]
Its very hard to find a sophisticated woman these days, maybe Kavita, you can introduce your friend from Parramatta to Guru and maybe she have a friend, who she can introduce to me.
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cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with…[Read more]
The meeting overall went pretty dam well, lots of discussion and you could say a quick crash course in all the differnet types of Trust, Thanks to Guru and Chan$.
Overall the meeting flowed very well and plenty of discussion, of interest rate rise, is it or is it not a good time to buy, a little about loan structuring, what…[Read more]
Really depends, from what date, your property will be ready to be rented out, personally i find no longer than 2 weeks to find a decent tenant, though it will depend on your PM.
Though if you time it right, of when the property will be vacant and ready to be rented, You can get your PM to list it, a week or 2 before hand and if PM is…[Read more]
Even at 40k, i think your gonna have to still bid higher than that, BEAR1964 has even added a slave trader, kids and a dog.
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
I just did lots of reading, and asking questions, though, my mum is PI and a professional accountant, she didnt teach me, but i kinda fell into it, its like maybe heridarty, i dont know really, but i just really enjoy PI and it really just gets me going.
Not many books i can really suggest, really its just going out there and…[Read more]
quote:How you bought your first IP- like did you have a cash deposit
For my first IP, i had a cash deposit, and secondly, i was working 2 jobs at the time. What happen was, i moved from Brisbane to Sydney, due to my grandma getting sick, and that i really had not much choice, but my mum, asked…[Read more]
Any Advice? Dont forget to prepare the Prenups…[][]
sign here, here and here and just your intial here.
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
But no real secret, just lots of researching and studying the property market, thats all, and learning quickly which areas are about to go boom or rise and knowing to buy at the right…[Read more]
If you didnt keep the receipts, did you use a keycard or credit card for the purchase of the books? If you did, see what your accountant can do, your accountant should be able to help justify those transactions.
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a…[Read more]
thanks for the link, im having heaps of fun with it…[][][]
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
i dont bother with Steves 11 second solution, its ok, but if your doing 100% finance loans and all, i wont bother with his rule, unless you are putting down 20% cash deposit, yet this might still just scrap the 11 second solution.
Though do use the 11 second solution if you are lookin at mass amounts of properties, and if you want to…[Read more]
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
You use to be able to do that, still happens but im finding maybe about 10 – 20 +ve cash flow a day, but thats through some extensive researching.
cheers
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Where ever your taxable threshold falls, you only pay Hecs to what threshold you fall into. If you can get your income earnings under the HECS repayment scheme, you wont pay HECS at all, if you dont you will have to pay for which HECS repayment threshold you fall into.
Any losses or profits you make that are involved in your earnings, will change your taxable income/treshold. Dependent on your income threshold, you only pay Hecs due to the amount you earned.
If you go to your Uni and ask for the “HECS Information Booklet 2004” You will find everything is listed in it and is well detailed and…[Read more]