March 26 – Collingwood v Richmond at the MCG.

21 days, 5 hours and 45 minutes…but who’s counting

James

Collingwood

James

AS much as actual interest rises affect behaviour, so do expectations of interest rate increases also bring with it, self-fulfilling bahviour.

That is, if interest rates are expected to increase, this will have some dampening effect on prospective purchasers decisions.

Whilst the two quarter percent increases has had an ffect, so to has the…[Read more]

Just reviving this from the dead…before I ultimately administer last rites….

Any information/experience regarding if it is possible to somehow claim current rental as ‘trust expense’ and therefore, tax deductible….

James

Pisces,
Wouldn’t the tenant in that circumstance go on a monthly tenancy?

To get her out, wouldn’t she need to be served a notcie to vacate for xxx reason?

James

Rachel77,

In the process of doing some reserach on NZ myself and pleasantly surprised with some of the opportunities being presented.

The website that muppet refers to is a good one as well. You will see plenty of questions from Australians doing the same thing.

James

Just_starting,
Yo can do all the relevant due diligence via the net, phone, fax and e-mail. So I agree with the other comments.

Unlike purchasing a home, where you are looking at non-financial criteria as well and therefore would probably want to view the porperty a few times. IP investment criteria are more objective, which lends itself to site…[Read more]

Its fair to say that Qld property market is very different to the rest of the country’s (WA’s is pretty solid as well)

I don’t think the QLD prop. mkt is sufficiently large enough to make a significant influence on the RBA’s future decisions.

I just hope the QLD renaissance continues for a little while longer.

James

Lisa,
I pay interest only for all investment loans. Reduces outgoings, frees up more funds to invest in other IP’s.
I negative gear all properties and their choice has been primarily for solid long-term capital growth.That will in turn create the equity.

I guess I am in the early phases of my ‘IP career’ and am trying to build my protfolio, so…[Read more]

The distribution of the GST (ie the formula) was devised by the states, so they can’tr complain now. If they are, its just politics.

James

Just an update, Richard you were correct. There is a double stanp durty issue here (even with and/or nominees). It needs to be nominated and agreed to by the vendor before the contract is signed.

However, we will go to unconditional approval from my bank, then get approval from current vendors(concurrently actually), to cancel existing…[Read more]

Richard,
Not familiar with a nomination form. That is what exactly?

James

Leo,
For me, my long term strategy, is to be buying 2-3 properties per year. I don’t intend to have a PPOR and will continue to rent in the ensuing years. It is an aggressive property acquisition strategy for medium to long term.

In my scenario, I will have to 27/1/2010 to determine whether I sell my old PPOR (and as long as I have not claimed…[Read more]

Boysie,
Depends on your many things, however LVR is a big factor. Speaking personally, I will have three investment loans soon, and they will all be with different lenders, because two of them are 90% LVR. The likelihood of having 2 90% LVR with one lender is relatively remote. So spreading the loans across multiple banks was the appropriate…[Read more]

How about a verbal agreement between you and your friends. And have them pay cash.

James

Thanks Mel. Will get everything moving tomorrow. Offer is James Georgis and/or nominees, so there shouldn’t be an issue. The bank though would be another. May ask to put back settlement to give me extra time.

James

Leonor,
I have done exactly the same thing.

Rented out initial PPOR for $350 per week, and rented around the corner for $225.

Also changed loan to interest only. Although, I was going to make a profit, however, with a tax depreciation schedule, allowed me to negative gear.

I did it specifically because it placed me in a better position for…[Read more]

From a purely selfish point of view, happy for the AUD to increase. Pushes inflation lower and increases pressure on RBA to not increase rates.

Last night was just the normal machinations of the FOREX market. I think there is still room for it to appreciate further.

James

I have just received Trust Magic by Dale Gatherum-Goss (and read it in one night!). It was an eye opener.

You’ll need to get it directly from http://www.gatherumgoss.com

James

Lisa72,
What is the loan amount. I have calculated for;

Loan $36,000
P&I repayment 7.07%
Repayment $241.20
Yearly repayments $2,894.20

I thought the rates amount is quite high for $45,000. Even the closing costs might be a touch high as well.

James