Recent content by siacci

There are 4 Meetings held per year and members can attend as many meetings across the country as they wish. Guests and new members are always welcome and the first meeting is free. ? Working without a Licence ? what can we do ? Focusing on the Buyer ? Using Options for profit ? Spot of...

We would like to let everyone know of some very exciting news that will effect the majority of property investors, especially those in Victoria, or those with properties in Victoria. Finding good lawyers that are pro active for their clients is sometimes more than a little hard to find...

Great news for the use of Lease Options in Victoria Hello all, David and Julie Siacci here with some very exciting news for Lease Options in Victoria. We would like to let everyone know of some very exciting news that will effect the majority of property investors, especially those in...

Hi there On the Move, I think my retained super from the railways is in a safe high yield managed fund, its now half what it was 2 years ago and the recent statement I got said it had dropped again. I found driving trains more of a hassle. Crappy hours, working 6 days a week, i was...

Hello David, What I have found over the last 20 years of investing in real estate is that it is controlled by banks willingness to lend. Sometimes they will give it out like candy but at other times they are 'difficult'. You need to remember that the banking institution run on a system of...

I do Vendor Finance (Wraps) and Lease Options. These are both +ve cashflow and I use this to fund my -ve cashflow rentals. I enjoy it and find it a challenge worth doing. dave siacci

Just wanted to let everybody interested know. The final meeting for 2006 for Victoria will be held on thursday the 9th November. Sign in at 6.45pm for a 7.15 start. The meeting is to be held at The Bruce county Hotel on the corner of the Monash Freeway and Blackburn rd Mount Waverley...

We have wrapped 4 properties using the Rick Otton educational material and the positive cashflow it produces makes paying our buy and holds off a lot easier. There will always be systems in place for some members of the housless to become owners, but no one system covers them all. There is a...

Page 12 in the following document from the ato entitled "rental properties 2002-03 will explain your queries well. http://www.ato.com.au/content/downloads/NAT1729-03.pdf

Capital improvement is a perception of the change in price due the alteration. I see removing a wall to make the property more desirable to the target maket, it may add value, it may not. It is only a repair if the wall was damage and you had work done to it for the purpose of rectifying the...

Im no accountant but I would consider these a capital expense not a capital improvement. If the wall needed replacing due to a problem that would make the house un livable then a percentage could be justified both ways, but what you have done is not an issue of capital improvement vs repair...

It can still be an excellent way to go, you just have to factor in the council and interest bill. The construction side of things can be simple compared to the council. As stated above ,they do not care. The other thing you can do is to get the permits through and sell the whole deal to a...

Depends on your state. If in VIC then depends on your council. Are they favorable to unit developments or anti? If they say no you can appeal, but you must allow about a year. Find a builder, good luck, add another couple of months. Find a draftsman, 6-12 week waiting periods. The list goes...

I would claim it as a repiar and depreciate as a single item the tax offices schedule for Ovens. If the item is defective when you purchase then capital, but it has become defective after you purchased so it would go on my books as a repair. Also the theme of tennants livability (probably not a...

Gave up on Brokers. Tried 2 and they were hopeless. First one took 4 months to settle a property 4 days late. The second one knew how to set up my loans better than me so I now have to change it all again. I decided a bank manager could not be any worse than the stress of brokers. found 2 bank...