Recent content by newbie1

ha ha - funny. 1M really isnt much in the big sheme of things but it's heaps if you start from nothing. Or if you use it wisely anyway.

Hi all Just curious to see how others would spend $1m if they had it and what would be some clever options out there. 1) Use it all to purchase a nice home, paid for and debt free & convert current (small) home loan into an IP 2) Pay off the current home - use some of the money to...

Perfect, thank you! :) I dont know where i was told that positive gearing means no tax deductions. I think i interpreted it wrong when soemone was talking about negative gearing to get the tax breaks on their high income...

I think my comment may have been taken out of context. It was never my intention to belittle or shame anyone & i would hate for that to happen to me (being a newbie and all). I was skimming through this post and found it hard to decipher the point in some sections and found it perhaps slightly...

Sorry, probably a no brainer to you guys & i might not of thought this through properly but can you please clarify the earning = tax deduction bit? I was under the impression that once you start getting an income from the property you can no longer claim deductions? I'm hoping to turn my home...

Bah Humbug indeed! It's not that i disagree with you as you make some very valid points, sentiment wont pay the bills but at the same time do we really overwork ourselves in the best interest of our children or for our own lifestyles? My parents worked their butts off and achieved very...

LMAO - This made me laugh so bad :D It's so cruel but yet so funny... Nice post though, good reminder of how innocent kids can be.

LOL - she sounds like a simple person. But i can't stop thinking - nothing ventured, nothing gained?? Makes me wonder what her inspirations and goals in life could be? What keeps her going... her cat and winnie blues :)

Thank you and thanks for the advice :) Really wanted to see if anyone had explored this option and if it was worthwhile. Learning by doing is the best way but i wanted to save myself any grief i could potentially get myself into by not really having a great deal of knowledge in the beggining...

Does anyone here have any experience with / opinions on IP coaching and mentoring services (at a cost obviously). I've just stumbled across a service that provides 1 to 1 mentoring and coaching for 6 months that helps with the first steps in property investing and includes things like -...

How did it come to this? :) Mandurah is isolate but if i was to venture out that way I (me) would prefer to be in Mandurah. Same diff really, they're close enough... I know some ppl that are in Port Kennedy, Rockingham & Bertram and have this discussion w/ them all the time... i never win...

Most beaches in WA are very beautiful but i just compare them to the ones further up the coast - Cottosloe, Scarborough, Hillaries etc. and then Mandurah (or more the developments around Mandurah that make it more attractive). But i guess it has be affordable as well as attractive and the ones i...

Oh and i just read your bit on buying a city apartment... I was toying with this idea but came to the conclusion that it might be too restrictive eg. families / pets etc. And then may not have as much potential at sale time? Why did you decide on this option?

Hi KS Like i said, new and nieve to this so you probably have a better insight however, i still personally would hesitate going out that way. I used to commute to Rockingham and some of the areas are pretty rough so i'd bare this in mind in terms of the types of tenants this might attract...

I'm pretty new to this and still have a lot to get me head around and learn so if i'm totally off track please let me know. Given i live in Perth and plan to keep my IP's here i thought i'd throw in my 2c... I moved here from Melb > 7 yrs ago and have witnessed a huge number of ppl make the...