Thankyou Dazzling for the number crunching details. Very helpful as always.

Regards
Tri

Hello Don @ Liz

It was a leaking gutter problem that I overlooked and haven’t attended to for two years now.
I will fix the weather boards and the gutters this long weekend. Thanks for your input.

Hello Marsden;

The house was built in 1935, I don’t think the weather board on my house have any tongue or groove because I remoember one time that…[Read more]

Hello Foundation and Junkers;

Thankyou for your help and ideas.
One more question, I have noticed that one of the stud behind the rotten weather board is also rotten, Is this going to be a major job or can it be easily replaced? ie saw away the rotten section and join new section to the stud.

thanks again.
Regards
Start

Thanks Foundation;

Is there any special technique require?
If only a section of the length of the board is rotten, Can I just saw that section off or do you suggest to replace the whole board? Mind you that the boards are a bit old.
Can I buy the new boards from Bunnings? Are there different types of weather board that I have to look out for or…[Read more]

Hi Wayne;

depend on which bank you’re borrow the money from, usually, cost of morgage insurance is about 0.98% to 1.2% of the loan amount.

Regards
start

Hello Wayne;

Normally, people lay tiles first then the skirting boards are then fixed to the wall with the bottom edge on top of the tiles. This will make the tiles looks neat. If you fix the skirting board first then lay the tiles it would not look nice because you will see the grouts along the edges.

Regards
Start

Hello Peter;

Your new book is very similar to Wealth Magic, your first book. What I mean is you teach your strategies to the readers by using your ‘wealthy friend’ as a teacher, which makes it easy to understand.

I’m up to chapter 13 – The Second Law of Property Investment.

One thing I’m not very sure and need clarify because of information on…[Read more]

Hello Peter;

I have read Wealth Magic last year. It was the first book on investment I have ever read, the book is easy to understand.

I have just bought your book from a book store last night, so far I have enjoyed it.

Regards
Start

Hello Monopoly;

What do you think of Footscray, Werribee, Maidstone, Maribyrnong and St Albans?

Regards
Start

Hello Suzi;
Do you have landlord insurance? If you do, you can claim for tennant damages and unpaid rent.

Hope all work out for you.
regards
Start

Hello All;

I’m still new to the game, so at the moment it’s all work for me.

Regards – Start

Hello Gramyre;

If you need more stories, you can read “Rich dad’s Success stories” these stories will inspire you.

Regards
Start

Milkmanjr;
I know investing in RE is for long term, but 4-10 years without any CG when (if) you are -gearing, then you are making alot of losses. Wouldn’t you agree?
[glum]

Regards
Start

Hello Redwing;

I bought my first house in 1999 in Adelaide for 72K, it was a 2 brm, brick clad home with very high celing and very nice decorative celing ornates in every room of the house, decorative fire place, the whole back yard was cemented with nice gardens. After I got married, due to my mother inlaw’s ill health my wife and I have to…[Read more]

Hello Redwing, Sorry in advance, not trying to be picky, maybe a mistype?

$1200 – $490 = $710pw
ie $2840 per month.

Hedrek, $2840 in hand per month is alot of spare cash. Like Redwing said you need to record/budget what you spent.

Regards
Start

Hello Larelle;

Thanks for your tip.
No you are not too late.

regards
Start

Hello Larelle;

As Jason said, I just want to add;
For Capital Gain Tax; From some books I have read;
The % of CG tax is calulated as: No. of Years rented out/No. of Years lived in.

Regards
Start

I Wish for Love, Health, Happiness and Prosperity.

For Love, Health and Happiness; I do have at the moment, but I wish it will last for my life time.

For prosperity, I’m still wishing but some body ‘up there’ hasn’t granted to me yet. [:0]

Start

Melbear;

FYI
Werribee is the next suburb (to the West of Melbourne)down from Hopper Crossing. Hopper Crossing is the suburb closer to Laverton RAAF base.

Regards

Hello aussierogue;

I think chan$ trying to say:
“Keep going, You’re on you’re way to financial freedoom” or
“Keep going, you’re nearly reach you’re financial freedoom”
ie what ever happens, never give up.

Regards