I’m 1/3rd way through it. I paid $6,000 and consider it well worth the money so far. The main advantage (apart from great home study course/DVD study material is that you can ring your coach (active and experienced property investor) any time (9-5) and discuss the deals you find at whatever…[Read more]

(Dang. I know its not!)

I like the iPhone app idea but I don’t own an iPhone (resisting the expense).

Looks like it’ll be spreadsheet then. Please email any templates to chiz AATT factplanet.com (and I’ll stick them on my server for anyone to download – assuming they’re not huge)

Cheers

100% agree.

They teach kids at school how to fill in a credit card application but not the fact that all they’re doing is spending their own money that they are yet to earn (sounds obvious but they need to be taught this)

Someone, anyone?

Quicken? MS Money? Spreadsheet? other?

Thanks

Good on ya!

It was my first time there and overall I thought it was awesome.

Highlights and nugget gleamed:

* Set a life mission statement (tick, now done)
* Li wrapping up his speech talking about a scenario where we’re marking our own life score card on our death bed. How bitter a pill it will be if on our death bed we look at our lifes…[Read more]

its coming, its on its way

The reason to be wary of investing in hotel complex rooms is….

Don’t look at answer yet…

….think about who you’re going to sell to?…..can…[Read more]

I sold a spare one last Friday. PI are not doing name transfers during May (only prior to May) so sorry, you may be out of luck even if you can find someone who is selling them. Your only option now is to buy one at full price

If you go to the web site it says there are only 7 tickets left…[Read more]

Read Steve McKnights book “0 to 130 properties in 3.5 years”(get the updated one from 2009). It’s a FANTASTIC overview of all then various investment strategies.

Then go to all free seminars you can and learn how they use them to sell you off the plan houses. Don’t buy anything because they are usually in areas that won’t perform too well…[Read more]

Is there more information on when each workshop is (and on which day?). I emailed the P.I. office on Friday but got no reply.

Is that the impression others have got?

If “yes”, have they told us that workshops are on at which time yet?

So good for you – keep focused on it. Learn as much as you can and you’ll go far!

You obviously want your daughter to “keep” your gift whatever happens. Sadly, without a trust there is a way she could lose part of it.

Examples:
1) She gets sued (maybe by a tenant); or
2) She gets married and then a few years later gets divorced.

Again, sadly the second scenario is not uncommon…[Read more]

AROOOGA AROOOGA.Red flashing rotating lights

Live in and renovate!

Yes a good way to save and increase capital – just as long as you’re a handyman AND both of you are prepared for the stress of living in a dusty mess for a year (?)

Not…[Read more]

If you’re even part way through Uni I’d suggest keep going – no question about it.

One advantage of being a student (over us full time employees) is that you have a few more hours spare per week. You don’t have the income but if you can find property that is ripe for reno / developing and then partner with someone who has the…[Read more]

If you can’t afford to have it done professionally, you can’t afford it.

Still can’t find them (dang – I’m having a bad day).

What is their web site please?

(I just thought they sounded useful and might use them one day)

Thanks,

Still can’t find them (dang – I’m having a bad day).

What is their web site please?

(I just thought they sounded useful and might use them one day)

Thanks,

Thanks for the post. Could you please post more details of PnP as Google couldn’t find them Thanks

Has anyone found a way for Aussie investors to protect their assets in NZ?

Thanks for all the great info everyone…

Lots of useful information there. The most useful thing you’ve told me is that although NZ does not have CGT, you still pay CGT to Australian government (tax systems always get you in the end ). But even worse, if you make a loss (cash flow negative) the loss is quarantined so you can’t claim it here in Australia!

Hmmm.

Do you…[Read more]

Do you mean the PIT (Property Investment Trust)? Will the PIT survive an ATO audio?

No idea. I not an accountant, or lawyer I just read a book which was written 2009 by two accountants which seemed to be pointing me in the direction of a PIT. My next step is: I’m going to seek professional advice about trusts (including the PIT) before…[Read more]

Google Maps may have crashed by then too!

Click on “christianb” (in the blue strip above his post), then click “View Public Profile”. Then click on “Send Private Message”

80% about trusts but also about what you can and can’t claim as a property investor (it’s excellent book). Its a MUST read if you are setting up a trust structure. Reads really easily even though its a relatively dull…[Read more]

Don’t want to hijack this thread but do you know anything about the Property Investment Trust? (is there another thread on this subject)

The only thing about a testamentary trust is that it “quaranteen” any losses you make (means that if your properties make any losses you can’t claim them until they make a profit – so if your strategy includes negative gearing,…[Read more]

Company is set up as trustee of the trust. The trust buys your investments. You (and others in your family) are the beneficiaries of the trust. You are also the company director (along with wife/partner). If you die there is no change to anything (wife/partner are still beneficiaries). The company is…[Read more]

Overview

How to draw a house:

I believe you are right – but only if you have an income relating to the expense your claiming. In other words if you do a property reno course you…[Read more]

I’m really interested too. Email sent to adam.risborg@gmail.com

Thanks,

I just read “How to legally reduce your tax” by Tony Melvin & Ed Chan. It is specifically about Australian tax laws and its a 2009 to 2010 edition.

Its 80% about Trusts. There are many types and it compares them all. There is a solution to your exact concerns.

Good luck.

Oh and its written in such a way that it…[Read more]

Do you have an ROI strategy?

You said:Quote: “…query on what to do and how to know weather or not I am…[Read more]

…also, if it takes over 12 months, you’ll probably get a 50% discount on that (but check that with your accountant)

Cheers

if this delay is going to cost you (and if other options fail) you could offer them a financial incentive to move out earlier eg no rent for the final X week(s) if they’re out by XYZ

…again: I’m not even sure if that idea is legal (so go check before doing it)

Thanks for reading