Hard to say if he is negative gearing or not. He may have put $50K down on the deal and made it positive…..not the most sensible thing to do or the way I would do it.
Seriously though he is more than likely negative gearing. He is paying for the hope of capital gain.

The way you explained the 11 Sec rule is correct. Just remember it is only one…[Read more]

Hey IB,
Always looking to help others. If I can be of assistance let me know. My time is limited but drop me an email and we can catch up.

deero@optusnet.com.au

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Dave,
Go tot the resources page on this site.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Tara,
I am not in Nth Qld but always up for helping any way I can. Going on the success journey is no fun if you don’t take people with you. (hey KEY)
As to Accountant….I personally go to an accountant in Melbourne what with the digital age it is not hard to use anybody anywhere. As a general rule also Acct’s down south seem to be cheaper…[Read more]

Hey there Dan,
What KEY is saying is that you can replicate the structure and do the same thing over and over. The other thing to remember though is that you need to have the deposit available to make this all work. Guarantees are limited to the vompany but you need to have deposits to obtain the loan. So in essence you are limited by your ability…[Read more]

Hey bella,
I bet unequivocally that little ole you could do all this and more. You are so young and are starting at the right time. Maybe it would be worth buying Steve’s Fasttrack tape. Check out the resources page. Keep asking thise questions.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on…[Read more]

Hey Bella,
Welcome to the forum.

Wow. What a lot of questions. Where to begin.
What do you actually want out of your investing (quantify) and when do you want it? Why do you want to negative gear when you can positive gear. As far as Fixed interest periods I think everybody will give you a different answer because everybody has a different…[Read more]

Sleep ?? Who needs sleep Mike. But seriously. I look at what my family accomplished last year without direction and know that anything is possible this year. My desire to retire is intense and short of hurting my family and values I will do whatever it takes. Napoleon Hill talks about the desire needing to “be” real. For me the desire is real.…[Read more]

Mate a suggestion…..check out http://www.financwewraps.asn.au they will have a list of contacts…
Just shot over there and the name for Tassie that was there is Peter Griffits 03 6224 9888.
This is not a reccomendation just a name provision.
Hope it helps.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself…[Read more]

Sorry nothing to surprise you with in terms of an amazing acronym for WRAP. What a wrap menas though is wrap around mortgage. You are wrapping your own finance opportunity around your current mortgage. That is where the wrapping comes in.
Hope this helps Moneytree. So does moneytree stand for anything ??

Enjoy
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Success is not the…[Read more]

Hey Cherries,
What are you trying to achieve ?
What is your goal and what are your desired outcomes ?
Have you done much reading/researching other property options ?
From the sounds of it you have great equity available and could use it well. There are no right answers only right options and you have to decide what your desired outcome is and work…[Read more]

Maybe wrap them a property…win.win…
Enjoy
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Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Sooshie,
Why do you say that returns are minimal ? 4% on their day now or offering them 13-15% as investors in a Wrap……Fairly heavy difference and worth chasing. For you it means no money in the deal and still make money from it.
Just a thought.
Enjoy
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Success is not the result of sponataneous combustion. You must set…[Read more]

Hey Rob,
There is a great article in the latest Australian Property Investor Magazine that explains this issue for Qld quite well. A good read.

Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Hey Karen,
Maybe you could try contacting the Property Owners Association in Qld. The link is under http://www.poaa.asn.au They will at least be able to point you the right way. I would call them myself but it’s a little late now. Hope this helps
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their…[Read more]

That would depend on how well you can negotiate Nathan…..
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Nathan I have sent a question on the Mastermind Forum so we will find out. My guess is though it is an American Foreclosure or some such thing.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Here goes,

Final Money Goal (Greater than this year)

1. To be free.
2. To acquire assets that yeild me a passive income of $200,000 per annum.

This Years Goals

*Property
1. To acquire wraps that will nett me $20,000 pa.
2. To complete Renovation projects that will gross me $100,000 on resale.
3. To but 10-12 Positive cashflow properties.
4.…[Read more]

Nathan…..where did you see HUD? Can you give us a context ?
Enjoy

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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

As the dictionary defines it …. a profit obtained from an investment, a return.

Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith