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  1. O

    Is it better to pay off business debt or mortgage first?

    Business debt is about four times the size of mortgage. It makes very solid profits as is but could do with some modernising, but it could chug away as is for four or five years churning out pretty reliable profits. I could get rid of the mortgage in a couple of years if I paid the tax to get...
  2. O

    Is it better to pay off business debt or mortgage first?

    Is that possible without setting up a loan agreement between the companies? Obviously I should ask my bean counter this stuff but would still appreciate thoughts from SS.
  3. O

    Is it better to pay off business debt or mortgage first?

    So, I bought a business a year or so ago and it's doing fairly well. I have a reasonable chunk of profit I'd like to use to pay down some debt, but I'm not sure whether it is better to pay down my business debt or mortage. The mortgage is obviously non deductible, but to pay it off I would need...
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    what would you do?

    He actually survived being booted off the bridge by swimming to safety, and later saved two people from being eaten by giant bears. And that was after eating a whole wheel of cheese.
  5. O

    My development

    Hi Aaron, how is your development coming along?
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    Do people buy million $ plus properties for investing?

    A house in Adelaide just sold for $5m plus (cant find exact sale price, but was on market for $7.5m!), and is now being offered for rent at $2500 per week, 3% return before expenses. No idea why you would spend that much for such a poor return, especially given the market for houses at that...
  7. O

    Control freaks

    Have a sex change to a man then petty issues like this wont bother you.
  8. O

    Nathan Tinkler. Tonight 4 corners.

    That article doesn't explain how he lost nearly $1 Billion at all, it is just a summary of all the news articles about Tinkler over the last year or so.
  9. O

    Retirement Villages.. Preying on the Elderly?

    There are other forms of retirement living that are different to retirement villages but provide the same kind of lifestyle with Community Centres and over 55 age group, security, gardening etc. They are known as residential parks, and come under the Residential Parks Act of each state rather...
  10. O

    Does anyone still use the Yellow Pages?

    Its $650 a year for each country region in the state, and there are five of them, plus its about $3.5k to be in the capital city white pages. Then more for the yellow pages website. I google searched caravan parks in the town and the parks own website came up first, followed by a few...
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    Does anyone still use the Yellow Pages?

    I'm talking about the old fashioned brick of a book, not the online site. I've just bought a caravan park and am debating whether to continue advertising with Yellow Pages. The rates are extortionate and I'm not convinced of their benefit. The park I've bought is in a fairly major tourist...
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    Should I do a tafe course on Building & Construction to help with developments?

    I've just finished the Cert IV Building and Construction (Site Supervisor) course. I found some parts of it dead easy, and other parts like the structural principles and estimating/interpreting plans to be a bit trickier as I come from an accounting/finance background not building. I only...
  13. O

    Going on a cruise

    You'd be stuck with Gina Rinehart as a fellow passenger.
  14. O

    Vendors & Agents ARRHH!

    Your offers arent very good, thats the reason they havent accepted. Noone wants a six months settlement on a $300k property.
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    Losing 10% deposit

    What kind of goose puts down 10% deposit on a $1m property? I have found in a couple of deals that as long as you put down a significant sum so the vendor knows you wouldn't walk away from it, say $20-$25k, that is usually satisfactory.
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    $85k pa and living pay chq to pay chq

    Fair enough, hats off to him, obviously a very smart cookie. I once wanted to join that world but my Uni grades were only good enough for a mid tier accounting job, yuck.
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    $85k pa and living pay chq to pay chq

    You're what 27/28? So you finished uni 6 or 7 years ago, and got a job paying $150-160k? That just doesn't sound possible, I assume it was with Macquarie/UBS/Credit Suisse/Morgan Stanley etc, but did they really pay grads that much in Australia in 2006? Also, someone paid you $100 an hour as a...
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    Wasteful expenditure

    Sorry, I meant downgrade to a $750k place and bank $250k. But it seems you attach a huge amount of importance to staying in your house.
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    Wasteful expenditure

    Mate why are you living in a million dollar house when you can't afford clothes or to use your heater? Crazy stuff, sell it for your own sanity. Downsize/downgrade even $250k or so and you'll still have a nice place and some financial breathing space.
  20. O

    Best Live Act seen.

    Chili Peppers in Hyde Park London 04 Pearl Jam at Thebarton Oval 97 Robbie Williams at Footy Park and the SFS 06 Coldplay at Vodafone Arena around 07 Regurgitator at Hotel Crown Victor Harbor 1996
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