Forum Replies Created
Sorry guys i couldnt resist to not read your private messages. Interesting story Melbear (sorry to read that too, but i couldnt resist either), how old are you by the way? you sound like your in your late 20’s, but congratulations on purchasing your first property at age 19! Well done!
interesting to read, though that took about 10 mins of my time and i want it back, nah just kidding.
But i am pretty sure there is a new change in the tax systme, some where amongst the postes on this forum are the new tax changes that are listed.
Hi Huey,
dont let me get you wrong Health Information Management is one of those really boring subjects, and sitting in class, i usually end up nodding off or get bored and begin to scrible around to keep entertained.
You dont need Chemistry/Physics prerequisite, but they are nice to have. Though i wont be doing HIM next year, its just that i dont enjoy the course and i rather learn accounting(more the business banking and financing)
Tell your daughter to speak to the teacher and ask for what areas they need to pick up on if there is anywere for improvement.
Theres not much i can suggest but study, when they can but, what really use to help me when i was at tafe (this is before uni) was that when i would catch the train home or to tafe. I would use the time of travellin to sit there and review notes that i had studied. But this i found help heaps cause, i got time before class on what i had to quickly revised and on the way home i could revise over what i learnt.
Thought different story for me, by the time i get home or if im home, i just dont study at all.
hope this helps.
S.I.S
Hi Huey, well im just studying Health Information Management, but its really, just that i got a break till the 27 of this month till i have my first exam and on the 4th of next month as my last exam.
Just some werid way they do it here at uni, they give you between 2 – 3 weeks to study before your exam date. During yoru 2-3 weeks you dont have any class to attend.
Well i hope your daughters do well and pass there exams with no problems, just make sure they dont do the same mistake i do. “study and cram everything the night before the exam”
hey guys this is sorta off the topic, but what should i do to with my 30 gigs of cinema movies, software and music…… can i still keep em?
Oh by the way thanks for Kazaa for all those necessary downloads.
dam you jeremy, i still got exams till the 4th of December(and im still trying to cram in as much as i can), but i swear most the stuff on the exam papers, we havent learnt in class or there not even on the subject were doing.
And i thought Santa was real…………………………………………………………..just kidding..
[
] Welcome Back Crashy []Hey Cornel man, how ya doing? well lets put our networking skills together and those other BS stuff we did and at Russo and hack the computer at the bank, well i cant hack but we can always get Michael too, then he can enter your new evaluations and change those figures to some nice numbers.
just kidding man, besides the joke man, get an real estate agent or a Valuer, you can just look up the phone book for one of them, ask him if they are on all bank panels for evaluations and ask this person to give you a rough indication of how much your place is worth. Also it dont hurt to ask if i added this or if i do this, how much do you think the value of the place will go up. But hold out man, im still puttin my money on that many Sydney and Melbourne siders will go up north to brisbane cause prices down here are to high and too much, that the property prices in Brisbane will still keep on rising.
Another god tip man, go round to all the units now that are currently vacant or open to inspect, find ones that are similar to yours and that are asking for a high market value. Take pictures of these properties both inside and out. Record and date them. Then when the time comes for the Evaluation and you dont like the figures you get. Tell the evaluator and drive him to the units and show him the pictures of them inside. He wont be able to enter the unit, but you will have proof of the inside of the unit and the asking price, this can and possible push and increase your value even more up.
anyway i hope this helps man
still_in_school
Hi Alexander & Melbear,
I will try to explain Offset gearing and how it works, very simple, best part is you cant tap into huge amounts of equity and capitalise very quickly.
here is how it works.
Please note, i have not taken any cash on cash or any added expense into this, just the loan figures that is all.
here is how it works.
You purchase 1 Passive Geared Property, (why passive geared. Passive geared is were the property pays it self off and also puts money in your pocket at the same time.)
details as followed.
Property $50,000 Rents at $150 a week
Weekly Repayments are $50,000 over 30 years at 6%.
Which equals = $74.94 a week
Passive income (Weekly Repayment minus rental): $74.94 – $150 = $75.06 in passive income
Your commitment to this property assuming that is always being rented is no commitment but passive income in your pocket. This Surplus cash added to your income, will be taxed as you are making profit.
Instead of getting taxed on this profit offset it against a negative property, which will neutral out your profit.
Example and explantion below:
Property $200,000 Rents at $250 a week
Weekly Repayments are $200,000 over 30 years at 6%.
Which equals = $299.96 a week
Negative income (Weekly Repayment minus rental): $299.96 – $250 = -$49.96 in negative income (know as negative gearing)
Using your passive income against this negative geared property, you are able to offset it.
eg. Negative geared (out of pocket) -$49.96
Passive income $75.06
Equals $25.10This has created a win – win situation of where 2 of your properties, 1 being +ve and the other being -ve are paying each other off and no out of pocket expense.
If you are to take in all your expenses, simply purchase more +ve cash flow properties to create a balance in covering all expenses and the cost of gearing a -ve geared property.
Hope this helps and explains offset gearing.
Cheers
Still in School
P.s – i am still in university at the moment, though i am changing my degree and going to tafe instead to study Accounting(Banking and Financing) next year. Before you guys do ask, i do work, though i work a 32 hour week every week and on top of my uni classes.
Hi uncivilized, i have a few properties up there and to tell you, what i know is that you are better off investing in the Northside of Rockhampton thats just personal opion, secondly, it is very hard to find a positive yet close to passive geared property in Rockhampton. Most cheaper properties there are at the $120K mark, my honest opinion is to wait and see if the increase in interest rates bring down the prices there.
Anyway if you find a bargain, snatch it up as Rocky is going through a minor boom at the moment.
cheers
still in school
Hi guys, i live in Rydalmere in the inner west of Sydney, which is about 2 suburbs away from Parramatta.
Here go to this site, has free downloads of Due Dilligences, for various differnet property investments. Free caculators and all.
quote:
Shaunwalker – how do you have neg gearing AND positive cashflow at the same time?Hi RubbacHook, i use that technique, negative gearing and postive gearing… its called offset gearing, well i wouldnt be too hyped about it, this is the type of way i invest and i have managed to purcahse quite a lot of property in a short amount of time, though many of the people on here doubt me cause of my age and how i talk about negative gearing or other things i have mentioned. Simple rule “Where you make a profit you make a loss, maximise your lost and turn it into a profit” – thats what offset gearing is.
Sorry not to touch more on this, as i get flamed for most comments i say.
still_in_school
thanks melbear, ill try having a look for it.
sorry guys you got it mixed up, anyway ive worked a way to get out of this problem, but for myself i dont own 20 IP thats my partner for me i own only 11, but is there any way on here that i can post a copy of the mortgage protection, so that you can see and understand my problem? sorry for all the confusion.
Count me into. 21 years old 11 IP, aim for 17 IP before the year ends, only been investing for about 8-9 months as well.
actually i can help you here, my mother first helped me in gettin my first IP, im 21 years old, and only have been property investing for 9 months and have had the opportuntiy to buy many more IP, just turn 21 by the way, but aside from that, my mother and i went in together as in a joint purchase, loan and all and everything. To be honest, it is very hard for young people now to get into the market and statistics show that, people who are in high school now, will never have the chance most likly in sydney, melbourne and brisbane of ever enterin into the property market, prices are at a point of where they will not be able to get a deposit as such or be able to keep up with repayments. I mean have a look at it now, people are barly able to pay repayments.
To be honest, i dont know how many young people on here own a property but if you ask, maybe you can find a respones.
But here is another statistic.
92% of people who own property own just 1
8% own over 2
5% own over 3
1% own over 5
.02% own over 10This is across australia so, i wouldnt be too worried.
quote:
“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”Hi ShaunWalker, when you say the young at posting do you mean young people who own property, that have knowledge of what they are talkin about?
Let the interest rates rise….. Sorry if anyone is offened by that, but if you got some cash or equity lying around and you can lockn a low fixed interest rate, you be fine and laughing. [
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