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  • Profile photo of yackyack
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    @yack
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    February 8, 2004 - 8:48 am

    In my view time in Property Investment TIME in the market is very important. Sure you could purchase heaps in a rising market. But I value the inputfrom someone who has been in the market a long time and been through several cycles and been successful in keeping all or most of his properties.

    Each to their own.

    Profile photo of yackyack
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    @yack
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    February 7, 2004 - 2:38 am

    Marky Mark Said

    “and one things for sure he has allot of experience”

    I dont think 3 and a half years experience is alot of experience. Usually a full market cycle is around than 5-7 years.

    There are other ways to spend $1000.

    But good Luck. Make sure you implement what you learn. Nothing beats experience.

    Profile photo of yackyack
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    February 6, 2004 - 7:16 am

    I dont put any WOW features in my properties. I just get median rent and provide median properties.

    These WOW features only depreciate and need to be replaced in the future and the value in properties is the land.

    Profile photo of yackyack
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    February 6, 2004 - 3:41 am

    Your thinking too subjectively. Gee I love my house and dont want to sell it.

    My advice if you can afford to maintain two properties is to do the following;

    1. Sell your existing PPOR.
    2. Buy your new home.
    3. Buy an investment house thats similar to the one you used to have and rent it out with a property manager and do an interest only loan.

    Why do it this way.
    a. Any equity you have in your PPOR will be transferred to your new PPOR.
    b. You can claim all interest on your investment property.
    c. No problems with the ATO.

    Thats what we are doing and now we are onto our 4th investment property.

    Profile photo of yackyack
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    February 6, 2004 - 2:55 am

    My advice – sell while you can. Its not my type of investment. Rents going down and population declining. Offload before interest rates rise too much more.

    Profile photo of yackyack
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    @yack
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    February 6, 2004 - 2:00 am

    Interesting – the email I received yesterday told me the following –

    P.S. At the time of writing we’ve fallen to just 110 places remaining. Seats are filling fast so book in quickly to avoid disappointment.

    No-one has really responded to my post. Maybe $1,000 is a little too expensive for a one day seminar.

    Profile photo of yackyack
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    February 6, 2004 - 1:44 am

    Its the old yield (postive geared) v capital growth (negative geared) debate.

    Personally I prefer over the long term higher Capital Growth.

    Profile photo of yackyack
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    February 6, 2004 - 1:42 am

    How many at the Nov 2003 Seminar?

    Profile photo of yackyack
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    February 6, 2004 - 1:16 am

    Is it really worth spending another $1,000? Have you started property investing yet?

    Have you not yet got experts you can speak to like accountants, lawyers, real estate agents, property managers?

    Why do you need to listen to a motivational speaker again?

    Profile photo of yackyack
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    February 6, 2004 - 12:11 am

    Julia

    You Said –
    “salary sacrificing the cash flow rental expenses as an exempt fringe benefit.”

    As interest is my largest expense, can you salary sacrifice this? Is this termed a cash flow rental expense?

    Profile photo of yackyack
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    February 6, 2004 - 12:08 am

    Purplekiss

    You dont need to register for GST unless your turnover is greater than $50k. Thats why we have not registered.

    Julia

    I will look into it further.

    Profile photo of yackyack
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    February 5, 2004 - 11:52 am

    I am not how I can setup a family trust with 4 properties that are mainly negatively geared all in my name and just the one main income.

    What are the bank implications?

    Maybe I need to go see my accountant.

    Profile photo of yackyack
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    February 5, 2004 - 10:59 am

    Julia

    You said –

    “This strategy will not work for the properties that you already own in your name only, but can I suggest that you buy your next property in joint names with your wife. If the property is negatively geared you can salary sacrfice to negatively gear it even further in your name and possitively gear it in on your wife’s side.”

    This does not make sense to me. Can you please clarify? Also how can I salary sacrifice a rental property? Again makes no sense to me.

    Please Clarify?

    I acknowledge the comments of HousesOnly. I see where your coming from.

    Profile photo of yackyack
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    February 5, 2004 - 8:08 am

    Never heard of em. As with all these types – tread wearily. Are they professionals eg. licenced financial planners or accountants.

    Profile photo of yackyack
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    February 5, 2004 - 6:05 am

    Sounds too much like guess work to me and hoping councils will develop sewerage pipes etc. Are you sure its only 2 yrs? These things can drag on alot adding to your holding costs.

    Profile photo of yackyack
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    February 5, 2004 - 4:57 am

    Yeah, I heard near MovieWorld. [:)]

    Profile photo of yackyack
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    February 5, 2004 - 3:52 am

    I dont think Henry Kaye will have a huge effect on the property market. We should have already felt the effects if he was to effect the property market. I dont know anyone who used Henry Kaye.

    He was into innner city apartments and those who bought off him will do their money, but hopefully this will only have a small effect on the rest of the property market.

    Profile photo of yackyack
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    February 5, 2004 - 3:18 am

    BlueCat

    I am not sure if you have heard. But they have split up now.

    Profile photo of yackyack
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    February 5, 2004 - 2:06 am

    Yeah its like the rumor that Tom Crusie and Nicole Kidman were going to buy a house in Frankston on Olivers Hill overlooking the Bay.

    All they did was stay in a friends house for a weekend. But the prices on Olivers Hill and the surrounding area have gone ballistic.

    Profile photo of yackyack
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    February 5, 2004 - 12:41 am

    Rod C said

    With $10K you should be able to borrow about $23K on a 70% margin loan, that gives you $33K of stock.

    Please explain. I dont understand.

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