Hi Bear,

We come to this conclusion ourselves, a month or two ago, and so made the bold decision to put our home on the market, and get rid of our LOC.

There was a great post on the forum a couple of weeks ago, called “Sell, Rent and invest. (or something like that),

Use the search function, and have a read. It is interesting!!

Regards,

Del

Hi Helen,

With our properties, we look at each one, and work it out on an individual basis.

In this hot market, 5% is probably wiser. Every town is different though. Some smaller towns have no vacancies.

Good luck,

Del

OK HERE GOES…

We have:

3 Quarter horses, and one brand new palomino foal.
2 Talking Galahs,
3 Ringneck Doves,
2 Cats,
2 Sheepies,
1 Fat Golden Retriever.
2 kids.

There’s more to life than money, animals are great for stress relief.

Del

“Macleod’s Daughters”.

I’d move to the outback any day.

Del

Steve, AD, Sooshie, & Crew,

Sounds like a great suggestion. I miss the “old” forum, where everyday after reading the posts, I was so motivated, I felt that I was walking on clouds, and nothing could stand in my way.

Lets all ignore the knockers and support the people out there having a go.[]

Everyone have a wonderful day.

Keep smiling []

Del

Steph,

Welcome back to the lucky country!

Best of luck with the job hunting. I’m sure you’ll have no trouble. There is a cronic shortage of teachers everywhere in OZ. They are all overseas!![]

Del

Gembeau,

If you get creative they ARE there!!

Try wrapping, lease options, or offer tenants a washing machine etc… for an extra $10pw.

I’m sure Steve is pretty sick of people asking “are they still out there”.

Why does it have to be within 2 hours of Sydney. Perhaps you have to put in a bit more legwork. Nobody said it would be easy.

Not…[Read more]

Bronwen,

You’ve done it!!

Yes that is correct, it is calculated on the purchase price, not the loan.

You could do it on the loan, but if you are trying to follow Steve’s method, then it’s on the entire price.

Bye,

Del

Hi Rx2 73,

I have a corporate trust, (but not a hybrid one).

I am not an accountant, (so correct me if I’m wrong) but as far as bank accounts, I would think you should have your accounts in the same name as the property, so that you can claim the expenses, like interest & bank fees.

Your rent received should be in the name of the trust…[Read more]

Crashy,

I looked at the website. Is that really you?

You have been a busy boy. Congratulations on thinking outside the square.[8D]

Good luck,

Del

Crashy,

I admit to being ignorant when it comes to shares.[]

Do a lot of people positively gear shares?

Sounds like a good niche market.

Good luck,

Del

Hi deccles,

I think you are making excuses for yourself.[]

Most of the “older” regular forumites are “normal” [:0)] people with normal jobs, normal lives, and (normal?) kids, but an abnormal urge to improve themselves.

We can all find time, because we make time.

The busier I get, the more time I seem to be able to find, because I get more…[Read more]

Hi Thomas,

Don’t get fooled. He is as shonky as they get!

Try using the search function. The N.I.I. has been discussed in a lot of depth in the past.

Cheers,

Del

martinw,

Was it really necessary to start a whole new post about the same topic?

There is enough traffic on this forum without doing this.

Even if it is a “bit of fun”.

My vote is NO. Steve’s book is not out of touch.

Del

martinw,

I have just purchased 4 very cashflow positive properties this month and 2 last month.

There is lots of money to be made, even in this market, all you have to do is get off your bottom and find them.

5 out of the 6 were under $60,000.

I think I have just blown your theory to bits, that positive cashflow properties aren’t out there.

Del

George,

No – I DON’T AGREE WITH YOU.

You will have to keep working a lot longer than me!!
Maybe you can come and work for me someday!

EACH TO THEIR OWN.[8D]

Del

Turnup,

Sorry to be a wet blanket, but do you think that you are being realistic in your requirements?

“Close to a beach” etc. For under $70,000 in NSW on the coast, I wouldn’t be too hopeful!!

Have you considered being wrapped?

Del

Hi Muppet, Westan & Diamond,

Missed you all by a few days. Arrived home Tuesday 22nd.

We will have to catch up next time!

Great countryside. It’s a pity all the good deals are gone (he he).[]

Del

Hi Betty,

As Mortgage Hunter said, it is quite easy.

You shouldn’t have to provide figures for the company. Simply your own taxation returns. As he said, you will have to guarantee the loan.

By the way, we nearly missed out on 2 good properties, because we bought in a Trust name, and our Trust Deed wasn’t ready. Be careful.

Talk to you soon,

Del []

Hi lifestyle,

I totally agree with Stu (Geurilla).

We have 2 girls aged almost 5 and almost 6. They love our property business. We have named our Trust “Saraclo”, after their names Sarah & Chloe. They now think that they own blocks of units and houses.[]

The girls always point out older types of houses that have “for sale” signs on them, and…[Read more]