Total Members: 159,074

Truska

  • Truska replied to the topic Sharing Costs or not in the forum Legal & Accounting 20 years, 8 months ago

    Hi

    We bought them as three Siblings trying to give each other a leg up. No company etc, just in three names.

    The power of three is greater than the power of one[:)]
    (at least when it comes to buying power)

    T

  • Truska replied to the topic Can I claim this? in the forum Legal & Accounting 20 years, 8 months ago

    Hi

    I had the same thing happen to me last year.

    My accountant did some research and said I definitely COULDN’T claim ANY of the costs. As Mel just said, the costs are capital in nature not expense related

    Sorry.

    I could be worse though. I’m grateful that the soliciters Body Corporate searches showed up the problem. Small cost compared to…[Read more]

  • Truska replied to the topic Roma QLD in the forum General Property 20 years, 9 months ago

    Hi

    I bought out there last October

    4 flats for $110k= rent 4 x $80pw
    duplex for $120- rent 2 x $120pw
    house for $80- rent $160pw

    All make the 10sec rule[:D]

    The area has sound employement levels, good education facilities (TAFE), major banks (the NAB even has a business branch there) KFC, McDonalds etc. When I visited, there was not one empty…[Read more]

  • Truska replied to the topic Off the plan purchase in the forum General Property 20 years, 11 months ago

    Hi

    I live in inner brisbane, and on my way to work I pass 3 large unit blocks being constructed, and many just completed, with lots of for rent signs hanging off of them. There are also heaps of unit blocks nearing completion in New Farm which is comparable to Woolloongabba in distance to the City but without the “latte set”, atmosphere and…[Read more]

  • Truska replied to the topic software in the forum General Property 20 years, 11 months ago

    Hi

    I asked for a copy of property manager pro on Monday (via this topic)

    It hasn’t arrived, and I was wondering if you are “snowed” under, or should people stop asking for a copy?

    T [:D]
    (This post is done more in the line of a “Community Service” than as a “where’s mine” post)

  • Truska replied to the topic software in the forum General Property 20 years, 11 months ago

    Hi,
    I would love a copy of Property manager pro, could you please e-mail it to me at baden(@) jkinghorn.com

    Many thanks,

    T[:D]

  • Truska replied to the topic POSITIVIE GEARING – HELP ME? in the forum General Property 20 years, 11 months ago

    Hi

    Have a look at Roma in Central Qld (west of Brisbane)

    I just bought a house for $80k rented at $160pw ,a duplex for $120k rented for $240 pw, and 4 small flats for $110k rented for $360pw (the bargain of the month in my mind) [:D]

    Rents in the area are higher than you would expect for a country town. Some time in the past the American mining…[Read more]

  • Truska replied to the topic HOUSE FOR SALE FOR $51,000 in the forum No Subject 20 years, 12 months ago

    $25 pw sounds more than possible.

    I just bought an IP in Central QLD for $80k (rent $160 pw).
    The rates are $1445 PA which is $27.78 per week

    The rates in country towns (in QLD at least) seem to be proportionately higher than in the City (based on land valuation).

    I haven’t seen a rates notice yet (settlement is on 25th Nov) so I don’t know how…[Read more]

  • Truska replied to the topic What’s your search criteria in the forum No Subject 21 years ago

    Hi Josh

    I’ll check with the guy who put me onto it originally and let you know how he feels about it. Shouldn’t be a problem though.

    T

  • Truska replied to the topic help with the maths??? in the forum General Property 21 years ago

    Hi ozzpom

    For a quick formula on 6.75% over 30yrs see earlier posting “Helpful repayment formula”

    T

  • Truska replied to the topic What’s your search criteria in the forum No Subject 21 years ago

    Hi all

    Another VERY important source of information is THIS forum.

    I have just come back from a buying trip inspired by one of the contributers to this column.

    He let it be known that he knew of a town that had heaps of potential and was willing to share his knowledge. He showed me video of possible buys, told me about the best/worst areas of…[Read more]

  • Truska replied to the topic Place comments about my spreadsheet here in the forum General Property 21 years ago

    Hi

    Please send me a copy as well.. Sounds interesting

    baden(@)jkinghorn.com

    Ta

  • Truska replied to the topic Selecting a PM in the forum The Treasure Chest 21 years, 1 month ago

    quote:
    Hi Truska
    you say that the insurance would have cost you >50k so 50000/6 years/10 properties = $833
    The average I pay is 220/yr and it tax deductable.
    Do you insure yourself or your car or ppor just because nothing has happened doesnt mean nothing will.

    OOPS! [:I] Your Right

    Somehow my calculator told me that $200 x 10 x 6 yrs was $50K.…[Read more]

  • Truska replied to the topic Selecting a PM in the forum The Treasure Chest 21 years, 1 month ago

    Hi

    Using a PM depends on how much time you have to look after your tennants yourself.

    I use a PM look after my 10 IPs even though I live within a five minute drive of all of them.

    Let the PM have the hassle of dealing with leaking taps, finding tennants, lodging bonds, chasing rent etc. This frees up more time to do the things you enjoy. I…[Read more]

  • Truska replied to the topic Agent keeping deposit on Sale in the forum The Treasure Chest 21 years, 1 month ago

    Hi again

    I’m in QLD if that that helps

    I’m going to offer the buyer (a builder whose keen) permission to get development approval to put units on the back of the block before settlement. This will save him six or so months and he won’t have to tie up a lot of his capital. I might try and use this as leverage to get hold of a big chunk of the…[Read more]

  • Truska replied to the topic “Bird-Dog” deal in Queensland in the forum No Subject 21 years, 1 month ago

    Hi

    I”m interested (but probably too late)

    Pls send info to baden(@)jkinghorn.com

    Thanks

    Baden

  • Truska replied to the topic “Bird-Dog” deal in Queensland in the forum No Subject 21 years, 1 month ago

    quote:
    Anyone interested in a deal as follows:

    $250,000
    6 x 1 bedroom Flats. Solid cavity brick & Wooden internal construction. Rented at present for $75.00 unfurnished $85.00 furnished per week. Could be redeveloped into motel depending on local council approval

    This ones a little bigger than i want at this stage. Contact me and i will advise…

    [Read more]

  • Truska replied to the topic Block of unit in the forum No Subject 21 years, 2 months ago

    I own two blocks of 3 flats (under one title- as opposed to units which are held under separate titles). The bank treated both of these as residental properties for purposes of a loan. The tax office has ruled that an individual owning residential property is not considered carrying on a business (and as such the banks treat it in the same way).…[Read more]

Truska

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,074

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!