I wasn’t worried about the safety of my funds, it was just that the agent made an error and took my funds before they were entitled to. I was looking for extra leverage as we were getting close to a deal.
Thanks for all your replies. The agent got out of this one OK as the vendor has now accepted the offer.
I feel the agent did something that…[Read more]
Just make sure you are comparing apples with apples.
If a person earns $100k and reduces their income to $20k, they must have spent $80k on something for which they can claim a ligitimate tax deduction. Using your example, they have spent $80k to save paying $37.5k in tax ($40k minus $2.5k).
This is all well and good provided the $80k has…[Read more]
If I am in the highest tax bracket, I am paying 47 cents tax in the dollar, viz a viz, I can get back 53 cents in the dollar; if I can reduce my taxable income to, for example, 20k, I am only paying 17 cents tax in the dollar, which means I get 83 cents back in the dollar.
Um…the Gov. will only give back what you have PAID in tax. If you have…[Read more]
A couple of years ago I saw a news grab of a well known (read – loved & hated) Melbourne business figure leaving court after successfully defending himself against some business related charges.
As he came down the front steps of the courthouse, a TV…[Read more]
I’ve got the audio version & have found some great little gems of info in there. As far as I can tell it is a 1997 recording of a 5 day seminar in the U.S. before it was known as a bootcamp.
Wei is correct about the recording quality but I found it only a minor irritation. Of course, U.S. info is discussed in relation to VA repos,…[Read more]
Thanks Dave & Steve & behind-the-scenes crew.
What a great weekend! I would describe it as a huge smorgasbord of info that made it clearer where my future focus should be. I agree with Alina that the seminar finished on a note of confidence.
The role plays were especially effective to experiment with new techniques and strategies.
Great to meet…[Read more]
Thanks for the info.
Steve, we’re doin’ great, thanks for asking. I’ll see if I can get Louise to post something on the forum about handling bear markets etc.
This, unfortunately, is an all too common story.
I think there were two factors that worked against your friend. One was getting caught on the wrong side of leverage and the second, believing he was on a “sure thing”.
From my experience with sharemarket investors, there are many who have not understood that leverage is a…[Read more]
I assume the agent told you about Ian Thorpe buying here.
I also assume this is meant to give credibility to the project.
The ‘Halo effect’ is where someone with expertise in one field is attributed with expertise in another unrelated field.
Thorpy may be be an expert investor for all I know but it’s a good idea to heed Steve’s advise about…[Read more]
In countries such as Canada, is the need for title insurance due to the ‘assumability’ of loans? Is there a similar insurance applicable in Aus or not necessary due to different laws?
I don’t think you can assume a mortgage in Oz. A shame really, it sounds like there are some creative solutions available by assuming loans.
As Felicity points out, these sound like pretty reasonable terms. Do they look more favourably on an application from a company rather than an individual or is it all based on income/assets/liability?
When you’re going to live to 100 plus , your age is not so much of a factor is it? I found the free articles on the http://www.propertyinvesting.com site were good to get more of a handle on strategies, mindset, direction etc.
Hi Steve & others,
I’m getting a lot from this forum so far.
My feedback from the posts in this thread are:
I have found the Wrap Secrets Revealed Library to be a great source of information at a suitable price. (Look at the cost of education in other areas of property/sharemarket/business investment)
The case study you posted was very…[Read more]
I am a renter & have been using my spare funds to invest for many years now. There are a few things to consider on this subject, some of which are not only money related.
Some people like the feeling of security they get by owning their own home. If this perceived value is your top priority, home ownership is fine.
If owning a…[Read more]
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