Recent content by devo76

Yep. Totally agree In my relatively short investing career I have ( had I guess as I've sold 2 in the last few months) 3 bad tenants across 3 properties 1 very first property and first tenant saw my property filled with 12 workers on visas. Trashed my house in 6 months requiring a second...

I think a good positive for Nowra is the big defence players moving in or in place already.I'm talking Boeing, Sikorsky , BAE ,Raytheon. Some on contracts that will span decades. The growth in aviation is sneaking up on a lot of people un noticed. Has anyone bothered to look at the price of...

2009 Nowra purchase yielded about 7.5% straight up from memory. CBD house on big corner block. Built on the back and sold it off recently with about $100,000 profit. Existing property now yields closer to 10% even with smaller back yard. Could squeeze another $20-30 per week rent but I'm happy...

for what its worth nowra is really moving now. As expected the ripple from Sydney has arrived. out of town investors are active.everywhere is doing well. I have an interest in central Nowra and Bangalee. Both going up.

Should have said North nowra

99% of Nowra is really good. Stay away from Goolagong street + 200 meter buffer and your fine.

yeah so lots has changed while some stay the same. My first purchase looking back has not performed well. a rezoning of central nowra will help as my little place is now zoned for shop top housing. apart from that its been marginal but some profit there. After that i bought a 1000sqm CBD...

In short. It's happening right now. Property in Nowra has tracked sideways since my initial post. Some development hasn't happened just yet ( stocklands). While others have plus some ( HMAS Allbatross expansion) the single biggest catalyst I believe is Sydney. The ripple is as reliable as...

I'm back Now let me just re read my post for a freshen up.

It is part of a $130,000 loan. The rest was used on another property. I think I'm fine the more I think about it. There's no risk of " infecting "the funds because I will be paying an amount off not withdrawing. Small risk of paying interest on $50,000 for 12 months that's not deductible but...

Yes I know not a smart investment but I can't repay it yet. If the loan was not fixed I would just repay the $50,000 used on the sold property leaving the remainder tax deductable as it was spent on investments I still have. Issue is it's fixed for 12 months. Now I know it may not be tax...

I would assume its ok as selling the house and parking some funds in a savings account would still be considered an investment( although poor) as long as it's not muddled with non investing uses or funds. Cheers

Yep agree but at completion of the fixed period. If I repay the $50,000. Does the tax man consider the nexus sufficient so that the remainder of the loan( spent on current investments still held) remains deductable ??? Cheers

Born in Nowra. Raised in North Nowra. Now live in Bangalee. I have 3 investments in central nowra( kinghorn st and berry st ) My thoughts in short Can't go wrong in central Nowra just stay west of the highway and north of Allbatross road. Northy is good but stay away from Goolagong st Don't...

Hi all I'm about to put my house in Nowra on the market and realise some post development profit. I understand that all loans secured to the property must be repaid or a new security found. No issue there. My conundrum is another loan secured to another property. I used about $50,000 of this...