Recent content by Flex

Without doubt getting started is the big one, then the patience to wait until you can do it again. In the mean time, overcoming the doubt that you are not doing the right thing or your money would be invested or spent better elsewhere. Flex

Duncan, I think you may have missed the focus of advice given in Jakk's post. Whilst it is important to have goals in order to drive ourselves to achieve, happiness must come from within ourselves. If you are happy with yourself and can see happiness as separate from your material worth...

I have never completed any currency course, but I have all my investment property loans in another currency. The benefit has been interest rates one third of the current Aussie rates, combined with the recent rise of the Aussie $ effectively reducing my principal by 20%. Add to that the capital...

I used Rawlinsons a few years ago for a couple of Villa's I have in Unley. I was happy with the results, and the price was quite reasonable. Kind regards Flex

I would suggest going for growth in the early days, as your borrowing limit will be determined by security. Then once you have built up sufficient security you may wish to begin tailoring additional properties for yield. I'm interested to hear what others think about this option. Kind...

Dale is absolutely correct in my case. I could never have started as strongly as I did without negative gearing and the good old 221D. The growth I received from those properties has enable me to expand the portfolio, and it's all positive cash flow at present. Asy I'm sorry to hear about...

The maintenance fee is quite high and they do very little for it. I have DHA property and have been asked to pay for a new door handle, broken shower screen (insurance), repairs to a leak from a shower through the wall (peeling paint), tree removal and the list goes on. They also have a...

Thank you for the replies. Can I assume then, that with multiple properties, if I compare my situation with businuss tax rates verses individual rates, once the business situation is preferable then I can call it a business. At present I am a non resident for tax purposes, and I am...

Each year as I go through the tax form (on the net) I'm asked are you operating a business. When is it worth operating as a business rather than an individual, and do you need to pay all that stamp duty again to transfer your assets to the business. Kind regards Flex

Reply: 2.1.2 From: B F I have a few DHA properties, so here are my thoughts. According to the DHA website they make a huge profit. Not surprising when they take 16.5% to manage a property. My guess is they add at least 5% to the valuation for the sale price, for the 9 year lease. I assume...

Reply: 3.1.1 From: B F When you begin with a little equity, property allows you to borrow to build your portfolio. (Quite quickly at present, assuming you bought a few years back) Once you have developed your own recipe for success why give it away to the punters in the sharemarket, stick...

Reply: 2.1.1 From: B F Watch out for the stamp duty. With the same purchaser/vendor and properties in the same street, they may accuse you of deliberately splitting titles to avoid stamp duty. (2x200 is less stamp duty than one 400 deal) I had that experience in Adelaide 4 years ago. After...

Reply: 1.1.1.1.1.1.1.1 From: B F I think discussions would continue further if the threads were listed in order of most recent replies, rather than date of initial post. Using that format, posts like this one that have generated some interest, will stay near the top until interest is lost...

Reply: 1 From: B F Trina, sorry I can't help. Although I am interested to find out how many of us have an annual pest inspection carried out. I do on properties in Adelaide and Perth. Regards BF

Help for Permanent Traveller Reply: 2.1 From: B F As an expat with my only Aussie income coming from property, I try to stay cash flow positive with a negative taxable income. That worked in the past but has become very difficult with current interest rates, as properties are now positively...