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Im interested in any sites outside of this one that detail renovation/remodeling projects to give inspiration and ideas? Preferably with both costs and photos.

removed the scenarios as i thinking im starting to confuse myself hehe.

i didnt mean literal bank account, i just meant it as an example. ;-) edit: for get the scenarios, im confusing myself

that was my initial thought too. but then i thought if i do extra repayments, for every dollar positively geared (due to my extra repayments) i would be paying 37 percent tax. where as if i saved those extra repayments in bank account, i would A) gain interest on the repayments, B) pay off the...

well this is what it comes down to. I LOVE renovating houses. I dont mind my IT job, but its uber stressful in an interpersonal context, and there is no real personal reward for putting up with that stress. With property, there are other stresses for sure, but I can see myself baring those...

so 80% of net yield, divided by .09? ie 20000 x .8 = 16000, 16000/.09 = 177778, for a properly net yield of 400 dollars per week. would my salary have any impact on borrowing power for rentals? ps: thank you very much for your help.

i see. is there a calculator online for multiple property borrowing power? im thinking on $100k is it possible to borrow 75% of $1.2mill (4x300k properties) mind you this is a couple of years off anyway, but i want to get some strategies/goals in place now.

nice one thanks. im thinking more like 10-15 years by the way hehe.

thanks !!!

Im struggling to get my head around this fundamental. Lets say I neutrally gear a property, the yield is just paying the interest. If I start to pay extra repayments from my own salary, this reduces the interest payable. The more interest I reduce the less the yield is paying interest and...

for me to get where i want to be there is a lot of sacrafice needed and sustained for next 10 years. i think i need to modify my time frames so i can enjoy life a little too, otherwise the sacrifice of enjoying life will just demotivate me ie 12 years. makes sense i hope. i think once i have...

thanks i find time a demotivating factor. if it takes longer than a year, i lose all interest. sad but true.

I often have these spats of wanting to get ahead and be in a position to have the residual income to enjoy life without strings attached (and maybe own a porsche ;-p) I am not a person who needs riches, rather I would enjoy them and think they could facilitate things I would like to do...

a quick question about professional advice. who do i turn too? i mean financial advisors to me are really only in the game for money, and most seem to be product pushers or have very little real world experience. is an accountant a better person to speak to about building wealth and tax...

yeah its a hard slog working for other people. i been in the IT and telecommunications now for about 11 years. done everything from IP switching to software development. Mainly working in business analysis (technical) at the moment. Should probably be project managing with my diverse skill...

its so easy just to go paye, but i really do wonder if i can get more value out of my money as a business entity. there just isnt any information on the net which discusses this as a guide line. i was thinking, u dont get the 50% CGT discount when buying as a company do u?

so i guess i should seek advice from accountant now on trusts etc. how do i get the profits from the trust to myself in the long term though? anymore advice would be appreciated.

Are there any tax incentives for buying an investment property as a business entity when contracting? If someone could give me a basic guide to what are the best stratgegies I would appreciate that. My current boss was saying most people he knows on high rates put all their money into an...

The train isnt an option now, and may never be, its the same as many places including the proposed Caloundra inland link (does anyone know if that one is all go now?). From what I heard the train link proposal was from mango hill to petrie (anyone know for sure?), I would think it would...

Thanks MC that is very thorough (which is what us wannabies need) Yeah I reckon I could write a book on my rough due diligence, of course it would only have 1 page "The END". MC I reckon we need to start defining due diligence and its complete process. This can change depending on...