Funny you should say that about boats, yes my boat doesn’t get used as much as i thought it would, and yes, i have found that it is smaller than i should have bought.

As for Disneyland, i think we are staying at the Circus Circus hotel, which i believe is not that far from Disneyland, plan to do the Vegas and Grand Canyon thing also. I will…[Read more]

Hi Marc,

I was not sure if i could mention the car dealer, i certaintly would like to have done so.

I totally agree with you in regards to buying a new car, it is not certaintly the best financial move, the not deductible debt scenario. My wife had her heart set on it, and i would of been playing with fire should i suggest anything less.

I…[Read more]

Thanks Terry & Marc for your input.

I am having trouble convincing lenders that i can service the loans, and the fact that LMI protects the lender, i would assume that it would be easier to ontain finance.

Terry, as you have pointed out, you still have to pass the LMI’s company criteria. I thought that i would only have to satisfy the lenders…[Read more]

Originally posted by The Contrarian:
Dishonest, untrustworthy and good ability to tell a lie or two.
That’s what I like about real estate agents [cowboy2]

Contrarian,

Have we had one too many bad experiences with real estate agents?

Finding the right agent can be a useful investing tool in your journey to building your investment portfolio.

Wayne

There are other threads on depreciation on this forum, do a search and you will find some useful info.

Deppro have an office in Perth, should cost approximately $450 to have a depreciation schedule done.

Regards

Wayne

I have the majority of my portfolio in WA, but i feel that prices can not be sustained at the rate that they are currently moving. I would think that there would be a few burnt investors should the market slow or turn.

I believe that there are better oportunities on the east coast at the moment, and have recently returned from QLD where there…[Read more]

Dr X

I totally agree with you, about the majority of real estate agents, they dont see the picture from the investors eyes. I dont know how many times i asked questions of them, and they have had no idea about property investing.

To have a clue about what the words “investment property” mean!

I am an investor that had to get an agent’s license…[Read more]

I have been investing in property seriously for the last ten years, i bought my first property at age 30 (1990) purely because my parents were harping on about buying in to property. I got married in 92, and my wife also had an investment property also. We purchased our third property in 93. Did not do much between 93 and 96, then changed jobs and…[Read more]

Thanks Mortgage Hunter & Depreciator

Simon i have not completed my tax return for FYE 06, am i able to claim the depreciation over the last 4 years even if the properties had been sold in the FYE 06?

Scott, i will give you a call shortly.

Regards

Wayne

Depreciator

Thanks for the info, am i able to claim depreciation on my properties for previous years not claimed? I am currently settling on a IP in December 06, which i have had for 2 years, am i able to claim depreciation on this for financial years 06 and 07 even though it is going through settlement?

What would my options for depreciation of…[Read more]

Hi Jenny

I currently work for real estate agent, and if you have had no luck with current agent, it could be for a number of reasons which L.A Aussie had mentioned.

1: Your price may be too high, the agent should of supplied some sales evidence to support his apprasial.

2: If your sale price is right, then the agent is simply not doing his/her…[Read more]

Hi Guys

Could someone explain what a “flip” is exactly, i want to be sure i understand the jargon.

Is it on selling a property before the title is released, and all parties settling on same day?

wayne10539

Thanks Guys

I was under the impression that the investment properties that i had bought were to old to be of any benefit. Obviously if Mortgage Hunter is able to claim $7000 over 3 years on a property 40+ years old, i am certaintly missing out.

I will have to look into it further with a reputable company, can be a little hard at times as they…[Read more]

Hi Zuma,

100k offer first up would appear to be a bit low on a property listed at 360k, what i have found that is generally 10% is added on to the desired sale price to allow for the negotiating process. Some projects have a set price from the developer, dictating terms and deposits.

It is not up to the agent if a counter offer is to be…[Read more]

Hi Guys,

I have been involved in property investing over the last ten years, and generally have offered between 10-15% off the list price, which i thought i was doing quite well, until i read some of the other strategies used. I assume if you were to be successful by being able to purchase properties at 30-50% below the list price, you would have…[Read more]

Hi Guys,

Iv’e had a mixed year, we bought an investment property on the WA coast 3 years ago, and had originally planned to move into Dec 06. My job was beginning to suck, so my wife and i threw our jobs in at the mines and moved into our home on the coast a year earlier than expected.

We arrived with no jobs, and were redrawing on our home loan…[Read more]

Hi Pagan

I recieved something by emai the other day, the company offering these is called Source Finance and may have ties with the Positive Real Estate site.

Regards

Wayne

Hi Bruham

I am one of those sheep that has recently putting funds into my own self managed super fund, i have been selling off my properties in mining towns in WA and contributing to super to minimise tax on capital gain. Self managed super funds still allow you to buy property and helps reduce tax payable.

Western Australia has been good to…[Read more]

Hi Guys,

What document is this section 22a 5.2 being refered from, and what state does it apply to.

Regards

Wayne

Hi Amanda,

Thanks for the info, i will check out the web site and books.

The problem with WA at the moment is, the cost to have anything done has gone through the roof, a lot of local trades people are leaving their professions and working in the mines, and contractors are having to pay tradesman top dollars to try and keep them, unfortunately…[Read more]