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  1. the_captain

    eBay Money Back Guarantee - be careful and need advice

    I very occasionally sell stuff I no longer want / need on ebay. My last activity was back in 2012 and I am back again in 2015. Boy am I Naive to the new ebay. I listed an item for local pickup only......payment by PayPal. Reason I did that was I had heard from another local buy, swap and...
  2. the_captain

    What to do, renovate where we are now, or buy closer to school

    Quick question to tap the collective wisdom of the forum. We own a fixer-upper in a fabulous part of Melbourne. We will be moving into it soon in it's un-rennovated state and we will be mortgage free, for a while. It's a great location, 7 KM's from the CBD, 450m from the train station...
  3. the_captain

    Selling my PPOR in Ascot Vale

    Hello Somersoftians. It's been a long long time since I have posted, I've been away working in China for 4.5 years and I am now back in Marvellous Melbourne! There is a lot happening, we've had a baby whilst we were away and as such our fabulously positioned PPOR is up for sale, as it is a...
  4. the_captain

    HDT's and asset protection....does it exist

    OK, I have an HDT. Yes, it's a decision that I regret due to double CGT on redemption of units and the sale of the underlying property and all of the negative Tax Determinations (TD's) that keep coming out about HDTs. How I wish the ATO would pull finger release a Tax Ruling and declare an...
  5. the_captain

    Yuccas. Anyone growing them in Melbourne

    Hi Everyone, Are any of you growing Yuccas in Melbourne. The particular variety I am interested in are Yucca Elephantipe. I want to grow them in pots in my front courtyard. The courtyard gets full sun during summer and only very minimal sun during winter, as it is shaded by the house at...
  6. the_captain

    Sub Prime - a good simple explanation

    Financial Advisers http://www.youtube.com/watch?v=hXBcmqwTV9s&NR=1 Subprime Crisis - the best bit http://www.youtube.com/watch?v=UC31Oudc5Bg&feature=related
  7. the_captain

    What would you do in my situation.....seeking ideas

    Hi Everyone, This is the first time that i have ever tapped the collective wisdom of the forum in this manner, so here goes......... I currently hold 4 investment properties, with a combined LVR of around 75%. The last addition to the flock is a place that we intend to make our dream PPOR...
  8. the_captain

    Alexlee......still with us?

    Hello, I don't personally know Alex Lee.....but I am wondering where he went. He was a prolific poster and then just dropped off the radar. Anyone know what happened to him? Did he get busted at work for all that time on SS? Did I miss some major dust up that resulted in him deciding to leave?
  9. the_captain

    Rent Rises in North Melbourne (area not the suburb)

    I just want to get peoples opinions on the current rental market in North Melbourne / Flemington / Ascot Vale / Moonee Ponds. I have a place in Ascot Vale, a 3 bed two bath townhouse, currently tenanted at $410 pw. The place is close to tram, train and cafe's (less than 50m to cafe's and...
  10. the_captain

    Amending Depreciation Schedules

    Hi All, Just a quick question. I recently replaced blinds and put in aircon / dishwasher into one of my IP's. In order to claim the depreciation, can I get the company to amend my existing schedule, it is around 4 years old. Am I also correct in assuming, that they should not need to...
  11. the_captain

    Re-joining electrical cables.......one for the sparkies

    I have a question. I have a pond, and unfortunately one of the underwater lights stopped working. On closer inspection (after unplugging everything of course) the cord to said light has been severed. This is essentially a 12 volt downlight in a special waterproof housing. There is a...
  12. the_captain

    The importance of moderators

    Well, not that I want to be seen as a nancy, or that kid everyone simply wanted to beat up at school as they were just such a suck to the teacher, but I just came across this when browsing digg (www.digg.com). It shows that no forum is immune to the long arm of the law. I know we (Somersoft)...
  13. the_captain

    Tori Amos - This Monday in Melbourne

    Hi all, I have two Tori Amos tickets for this Monday evening in Melbourne at the Arts Centre (Hamer Hall) starting at 8pm. Due to work commitments I cant use them......so I am letting them go for $AUD 200 for the lot, i.e. both tickets.......which is a saving of $AUD40. First one to PM me...
  14. the_captain

    Great Article / Blog

    I post this here, because I have become addicted to this guys blog.......I personally thinks it rocks. I also liked this article, which reminds us to manage debt responsibly, have a backup plan, an exit strategy and to maintain SANF......at least thats what I got out of it...
  15. the_captain

    Single Digit Millionaires BOO HOO

    I just read this and thought I would post it here........so others can read. It's an interesting take on wealth and the security money brings. My favorite quote from the whole article is ... <quote> Spouses talk, and now that resort in Mexico the family enjoyed so much last winter is not...
  16. the_captain

    NEw PPOR Buy or Build

    Hi All, I am trying to work some numbers that will allow me to work out whether or not I should just buy a new PPOR outright, or if I will be better off looking for knockdowns / renovations and building / renovating my way to what I want. I have come up with the following schedule of figures...
  17. the_captain

    How wide should a driveway be

    Hi Everyone, Just a quick and easy question. How wide do you think side access needs to be in order to get a car through. I'm just talking a standard family car? Do you think 2m is enough?
  18. the_captain

    Converting IP to PPOR and recovering from a STUPID mistake

    I am now in a position to upgrade the PPOR and move into something bigger and better. Naturally I want to keep current PPOR and convert it to an IP. Being a total dumbass I paid a larg-ish sum of money into my re-draw "D'oh!". However there is a glimmer of hope, in that the PPOR is owned 50 /...
  19. the_captain

    Fire in property that I share a common wall with - what now!!

    Hi all, With property investing comes the ups and also the downs. Unfortunately I am going through a minor down at the moment. Two weeks ago there was a fire in the complex where one of my IP's is. Unfortunately it was in the townhouse next to mine. Happily no one was hurt, the fire...
  20. the_captain

    Transferring Expensive Items to your trust

    Hi All, Been a very long time since I have been on, but it is good to be back. I have a couple of questions as I finish off my trusts income / expenses statement for this financial year. 1. I have purchased expensive camera gear in my name. However I want this transferred to the trust...
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