Recent content by bundydog

  1. B

    Investment costs

    looking to purchase first IP which is a bit of a dump. Just wondering if and how I can claim expenses incurred on bringing it up to scratch. eg, Paint (inside and out) fixing broken cladding, retiling bathroom, new internal doors etc... not sure how these costs get deducted at tax time, how do...
  2. B

    hotspotting.com.au

    Yeah, I bought the SA one a few months ago. A good read as I'm from Sydney and didn't know much about SA. His reasons were sound enough but the prices were a fair bit out in some suburbs. I guess in a hot market by the time you publish it as there was a fair bit of research involved, the prices...
  3. B

    Port Kembla

    cheers sparky, I will check those out on the weekend, thanks:)
  4. B

    Port Kembla

    hi sparky, Yeah, I have checked out the whole area and I am pretty excited about it all. I usually drive through on my way to Shellharbour for a surf but hadn't considered it as an investment area until recently. I have read the DCP and LEP and the councils vision seems to be pro development...
  5. B

    Property Options

    Fair enough. The reason I asked the original question was that I have seen many courses that I might like to do to expand my knowledge. If I was to do all of them I would have no money left. I know there are some shonky courses out there that prey on your emotions and I need to find out more...
  6. B

    Port Kembla

    Hi Sparky, I have been looking for an IP around PK, Wariila area and was down there last week checking the place out. I love the beaches and there is some very nice areas, but I must admit the main street looked like a ghost town. At a quick estimate, nearly 90% of shops were boarded up and...
  7. B

    Property Options

    my thoughts exactly GMG, I think I already have enough knowledge to have a crack at it myself. Trying isn't going to cost me anything, and $4000 will be much better off spent in buying property I know will do well (or a trip to Mentawais)
  8. B

    Property Options

    yeah, thought as much. Couldn't find much on him apart from websites he is related to. His company Massland doesn't own any property in QLD or NSW according to RPdata, and he only owns one townhouse on Goldcoast. Alarm bells ringing, and yeah, you guessed it, only $4000 to do his 2 day course...
  9. B

    Property Options

    I just received a free DVD offering a course on property options. The guys name is Mark Rolton who says he is worth over 500 million and is Australia's leading expert in options. You supposedly do his course and then go into a sort of partnership with him and get 15% of net profit, which he says...
  10. B

    property research

    If I purchase in Sydney, I would probably consider Sutherland (as I live near there) maybe Cronulla, and I've heard good things about Kensington, although that would probably be out of my price range. I have consentrated my research in other states until now, but I could be missing deals right...
  11. B

    property research

    thanks for replys and the great food for thought. After reading many books about positive cash flow I thought I wanted to put that strategy to the test, but have now read alot on negative gearing in high growth sections and my views have started to turn. I can afford some negative so I think I...
  12. B

    property research

    Hi, I am trying my hardest to gain all the knowledge I can about buying IP's, I have read 3 x Margaret Lomas books, Peter Spann, Steve Mcknight etc..., subscribe to API, read forums, search RE.com etc.., and now I am stuck for more info. There are so many courses out there that say they will...
  13. B

    Depreciation

    Thank you Alex and Davidmc, you have given me some good insights, I will have a look at some calculators and redo my figures. As for being able to afford the repayments, I am only on $63 000 as base wage and my overtime gets me to $100k, I have 2 kids and a wife who likes to spends alot:)...
  14. B

    Depreciation

    I earn 100k a year so don't know what bracket that puts me in, but I have been trying to use a depreciation schedule I found on the ATO website, I have been doing it all on paper and it's doing my head in. Are there any calculators you can recommend that would make my life easier. And yeah, I...
  15. B

    Depreciation

    so do you think I shouldn't be relying on depreciation and should be able to make up the shortfall without it, and if I get some depreciation then it is a bonus. damn, that makes it hard. $20 a week is very very easy for me, but I wanted to start out small and see if it was achievable. But...
Back
Top