Forum Replies Created
Hey Hamster
They used to. I know when I left there in 1996 they were having reunions every now and then for past students. I dont know if they still do it now though. As to calling in there if you do you wont get much of a response. The St Pats campus still gets used to house the boarding student but that is about it. All the schooling is now done on the old Stella Maris Campus. I think even an employment company works out of the old offices now. I havent looked into it that much as high school wasnt one of my favorite times. If you need info try calling the Nagle office and they might be able to point you in the right direction or help you to organise a reunion yourself
Scott
“Together we combine our strenghts and eliminate our weakness”
Hey Redwing
I cant believe it another St Pats boy -Me too. Although halfway through my schooling it went co-ed with stella and changed to Nagle. The girls were a big inprovement. Im at work also on Night shift doing the same as you logging on every now and then to see if someone has repplied to a post. With Redwing I was talking about the honda logo not the other bike model. Im going to bed catch you guys later
Scott
“Together we combine our strenghts and eliminate our weakness”
Hello Redwing
Its 3.00 in the morning here in WA how come you are not in bed like most people? I take it your from the Perth area, Im new to this forum and was wondering how long have you been investing for? and how are you going at it? They seem to do alright in the eastern states and was just wondering how the locals over here are doing. On a seperate note where does the tag redwing come from? Is it a motorbike think (Honda)?
Scott
“Together we combine our strenghts and eliminate our weakness”
Hello
To my understanding you can claim all your interest on an investment loan. One thing to take into consideration is If you have a principal and interest loan over the years you pay less interest as you loan decreases thus decreasing what you can claim back at tax time. Still the benifit of this is that you will get to own the house after the loan expires. If you are looking for capital gains it is often prefered by most investors to pay interest only on your loan. This allows you to always claim the same amount back each year. The downside is you never own the property, but it has better tax ramifications if that is what you are looking for. The second option is generally used for negative gearing or nuetral gearing, I dont think it would work as well with positive gearing because this limits the returns from your investment. Hope this helped
Scott
Together we combine our strenghts and eliminate our weakness
Hello Judy
Well I havent heard anything about the land leases but when I was up there I wasnt looking to invest at the time. I know people who used to rent in that area and although there house was basic I think it would meet the critea for popsitive cash flow. I will have to look into it further. If anyone does buy a IP up there Ray White are good property managers. I used to rent up there before I bought in Mandurah and these guys were always on my case about inspections and paying water bills etc. Everything you want from a manager when you are the owner but not the tennant. My wife is going up there for christmas and I will be going up there later on to pick up my boat so I will investigate more then.
Scott
“Together we combine our strenghts and eliminate our weakness”
Hello
Well I would have to say I have never heard that before and it doesnt make alot of sense to me. Which doesnt mean its not true. What context and what book was that written in? There might be more mitigating circumstances. Look forward to hearing more on this.
Scott
“Together we combine our strenghts and eliminate our weakness”
My favorite quote
“Together we combine our strenghts and eliminate our weakness”
Scott
Hi
I have read the book and have to say I though it was a great read. It was amazing how they used the principles back then to make money, as it is a true story based on stone tablets found in the desrt. It really changed the way I thought about money and savings.
Catch you round
Scott
“Together we combine our strenghts and eliminate our weakness”
hello rolonation
I know your letter wasnt addressed to me but I thought I would give you my opinion. I am not much older than you at 24 and if I was you I would keep your ppor. You say that you should get about 80k when you sell it, it may be a better idea to keap the house but borrow against it using the equity that has amassed. As for getting started I am only new to this website myself but would suggest reading books such as rich dad poor dad, 0 -130 properties, property millionaire and other such books in that section of your local book store. You can also get good info from like minded people in your area so look for a club there seem to be a few advertised on this site. And last of all just keep asking questions, the people here seem real friendly (most of them) are willing to help a newbie. Hope it all works well for you.
Scott
“Together we combine our strenghts and eliminate our weakness”
Hello
Its just my opinion but when you buy a house be it investment or ppor you have to budget in for reasonable rate rises as it is ineviable that they will eventually go up. Myself and my wife budgeted so that if the rates rise we can still comfortably affort an increase to 10% before we have to sacrifice our standard of living, and thats on a $300,000 loan and we are in our mid twentys. But on the otherside of the coin I do know alot of people who have borrowed large amounts of money to buy an expensive house that they can barely afford now let alone when rates continue to rise. People should factor all the possabilities in when buying a house, If you havent learnt from the mistakes of what happened in the eighties then you are bound to repeat them. Now I dont want to sound like a w*nker but in the sad cases if people cant afford their houses when rates rise again, this introduces a new range of cheep mortgagee house for investors or other people entering the house market for the first time and are prepared.
Catch you round
Scott
“Together we combine our strenghts and eliminate our weakness”
Hey Peterp
Yeah I was thinking the beachlands, Piont Moore area for a house as they are still pretty cheap and shouldnt be to hard to rent out. You were definetly well advised to stay out of the Rangeway/Utakarra and the Spalding areas as they are definite trouble. For a unit up there I was thinking beresford, but I will just have to get onto the real estate agents to see whats happening. Its dissapointing considering I new a bloke who was selling his flat 6 months ago but I just wasnt in the position to buy at the time as I was trying to sort out my own personal finances. But you know what they say “The deal of a life time comes around about once every three weeks”. Are there no other West Aussies in here that are willing to share info on there accountants and such. Never mind I did read in past post about a group that get together in Nedlands and might have to try and catch up with them after Christmas. I must say though just buy looking in the paper over the weekend I found a few offers that look promising but are yet to check them out at the moment.
Catch you round
Scott
“Together we combine our strenghts and eliminate our weakness”
Hey
Thanks Peterp. I have just finished reading 0-130 properties and have also read all the usual stuff like rich dad poor dad, cash flow quadrant, how to become a property millionaire and a heap of others. I have just spent the last three years trying to convince my wife to leave Geraldton and now we have shes going to love the fact that I want to go back there to buy investment properties. Ill check it out, I know of a few key locations up there to start. Thanks for the reply
Scott
“Together we combine our strenghts and eliminate our weakness”
