Recent content by schnugg

Hi all What do you do in times of low returns? Does it really make sense to purchase something with a gross return of 4.5% (net probably 3 - 3.5%) just after a boom? How many of you are waiting? I am thinking of inner city Brisbane. I am so undecided. I know it's more than just the returns...

What if you have a choice of giving thousands to the ATO or thousands towards a property? It's a dilemma I am in - do you buy even if it's expensive because otherwise your money will go to ATO and you have nothing? Schnugg

Hi all Does anyone know if the interest from an overseas loan is deductible against income here? I am thinking of borrowing part of the amount for an IP from overseas. Thanks! Schnugg

If I have 400K equity in a 550K home and wish to purchase an IP, how much would the bank lend? am self employed with average income at this stage and no liabilities except home loan. thanks!

Thanks, Lotana, for your advice. Unfortunately, I am not on high income. It's rather unpredicable. I would looooove to purchase $1m worth of properties but I don't think I have the right investor profile to go that far. If I lose a tenant or my business takes a nosedive, I would be in deep...

Hi all, I am currently renting and am undecided about whether I should purchase a home or an IP. If my sole purpose at this stage is to build wealth (and say I can cope with renting and all the associated pains), do you think IPs would be the better way to go? Also I am self employed and want...

Hi all, I am going interstate in search of an IP. Is the flight and accommodation deductable? Or are they only deductible if you already have an IP and are going interstate to inspect etc? Thanks.

Am thinking of an IP in Brisbane. Inner city suburbs around 300K. I used to live there but am no longer familiar with the rental market. What sort of return realistically do you think I can get out of a 300K house in the inner city suburbs? And what do you think of buying in Brisbane in the next...

Turning point for me was after my divorce about 3 years ago. Business took a nosedive and had to start pretty much from scratch. Took financial responsibility if you like and started saving, being careful with money and slowly building up the business again. Now I am ready to purchase a home for...

Hi all, I have read Jan's book but am wondering what her seminars are like. Can anyone give me an idea? There's one coming up early next year and I am thinking of going but would like to know if you really learn a lot more at the seminars? And what are the best things about her seminars? What...

thanks very much everyone for your input. it's very interesting. i actually re-read some of the chapters in jan's book and did some calculations. looks like i may be able to pay off home and buy my first IP real soon. and i am very excited! great forum and thanks again for your help.

thanks, sim. i have read Jan's book 'More Wealth...'. i guess i sort of knew the answer already but am not sure how to go about it. say ideally i need $40K p.a. to live the life i want and i need 800K worth of incoming-producing assets @5% in today's money to achieve that. that's all fine...

just wondering how many of you have accummulated enough assets and are managing your investment (i.e. IPs etc) pretty much full time and not have to 'go to work' so to speak? i am just starting out and have not yet purchased an IP (still paying off home). how many IPs do you need to start...

This is my situation: I have $165K to spend. Am self employed so income levels unstable but average conservatively $50K gross p.a. at the moment. Option 1: Going half and purchasing a Sydney unit to live in with a family member, then pay off loan quickly, then buy an IP. Estimated loan for...

From: C Siu I am about to sell my semi in Sydney and I estimate my share after the sale conservatively to be around $200K after all expenses (sale due to divorce). I then plan to purchase another apartment to live in (buying with family) and my share should be around $200K, meaning I will...