In 2004 my accountants fees were $5,400. from a big city guy, so in 2005 I went to another in the suburbs who works from home and my fees were $1,400. for the same amount of work.
Like everything else, it pays to shop around.

Hi Lisa,
Do you mean a “line of credit”? over a property you own.

I am an early retiree, with no real income, so I am making it from my capital and renovations.
Must admit after about 15 renos in the last 2 years I am growing tired of the manual labour. Now I would like to move into new homes and have a builder build them for me.
I’m not…[Read more]

Find pensioners who you can have a written agreement with, who for a couple of thousand dollars a year, ( by paying their electricity, telephone, water bills and a cash bonus at Xmas time) will let you get a loan and put their names on the deeds to a property. They are rent payers and one property does not put their pension at risk.
You will find…[Read more]

I consistently get returns of 8.5% by buying, renovating, holding, renting it out and refinancing in large provincial cities.
I borrow at about 7% on low doc loans, interest only, 20% ingoing and by refinancing after renovating I can get back out about half of what I put in. A year or two later I refinance again and so get all my invested dollars…[Read more]

Either offer new tenants cheap rent, or approach the ruffie and ask if any of his friends want to rent. In both cases you are gonna get cheap rental returns.

Hi,
The local municipal council will sell you this info for about $25.

No shares for me.
Someone else controls my destiny.
Also, these big public companies…all the cars…all the lunches..all the first class business trips, all the overpaid executives.
My overheads are just ME.
You never get the real profit.
Yes, I have had shares, lost some money and made some money.
But, relate to this, I have 8 IP’s, never…[Read more]

Too much trouble getting loans with a Trust.
I opted for my own name. Still OK tax wise.
After, I buy a property, my solicitor and accountant form an agreement with myself and my trust. Works great.
Suggest you pay for some good advice.

I always use interest only, low doc loans, as a line of credit.
The interest is all tax deductable. However, if you use P&I, as your principle is paid back to the lender, your tax liability goes up.
I never want to own my properties, as I will loose my tax advantage. Eventually, my properties double in value, by experiance over the last 7 years,…[Read more]