[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 11, 2003 - 9:46 am

Hi there

Could I suggest that you never ever ever mix a trading activity with a holding activity as this may put your long term buy and holds at risk from litigation. The more you can separate your trading activities from your own personal affairs the better!!!

Ask your accountant about this and if he/she says it’s OK to mix activities, change your accountant!!!!

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 11, 2003 - 9:30 am

Hi Lindy-d

Capitalised interest is is where any interest payment that is due is added onto the loan. In other words, you don’t actually pay the interest at the time that it is due. It is capitalised (added) onto the total amount that you owe the bank and paid back at some later date (hopefully)

So if you keep capitalising the interest on to your loan then your total loan keeps getting bigger and bigger.

Might be a useful tool in the short term when funds are a little tight.

Hope this helps

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:42 am

Hi Andrew

As Michael has already pointed out, a discretionary trust does allow the flexibility to distribute income in any way that you see is appropriate (so long as it’s legal!)

If you need more detailed info on this could I suggest emailing Dale Gatherum-Goss who is a great accountant and based in Melbourne.

His email address is:

[email protected]

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:35 am

Hi Joff

Went to a Steve Navra mini seminar on Monday night in Brisbane after returning from the APIM seminar.

His opinion as to when the market would seriously “turn” against investors would be when interest rates reach about 8.5%. If I remember correctly the reason for this is that some investors have a very high LVR. This combined with rising interest rates would really put the squeeze on the affordability of these investors to meet their financial commitments.

I guess as your LVR is very much under control, I’m not sure that you will have too much trouble meeting your commitments.

Good on you for minimising your risk as you see it.

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:23 am

Hi Violeta

If you need to ask specific questions of an accountant could I recommmend Dale Gatherum-Goss.

He’s based in Melbourne and is probably one of the very best accountants you’ll come across in Australia!!!

You can email him direct on

[email protected]

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:15 am

HI Everyone

I’m based in Queensland and can highly recommend Dale to anyone who doesn’t already have a great accountant and I mean GREAT!!!

As has already been pointed out, it doesn’t really matter that he’s in Melbourne when I’m so far away all thanks to the internet and fax machines!!!

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:14 am

Hi Novice

Could I suggest that you email Dale directly with your question.

I find he is only too happy to help others in this way.

[email protected]

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 9, 2003 - 12:08 am

HI Everyone

I’m based in Queensland and can highly recommend Dale to anyone who doesn’t already have a great accountant and I mean GREAT!!!

As has already been pointed out, it doesn’t really matter that he’s in Melbourne when I’m so far away all thanks to the internet and fax machines!!!

Take care
Dave []

ps I’m not the only person in Queensland using him

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 8, 2003 - 11:59 pm

Hi Everyone

I already have a tape player in my car. Guess I’m going to have to install a CD player to get the best of both worlds!!!

Not sure about the widescreen DVD player in the front seat though!!!

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 8, 2003 - 11:55 pm

Hi Everyone

Couldn’t help but reiterate what Steve suggested in the weekend and that is:

Always work out what your worst case scenario is!!!

That way you are going to be streets ahead of the competition if the economy moves or some other unforseen factors come into play.

Agree that Jan’s book is the “bible” especially as it has so much detail which I find myself constantly referring to.

Two other books I would like to recommend are:

Real Estate Riches by Dolf de Roos
ISBN 0-9711652-0-3

Due Diligence Made Simple by Hans Jakobi
ISBN 1-876818-08-5

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 7, 2003 - 4:58 am

HI

I’m sorry to hear of your experience. I would as has already been suggested take photos and video everything that you can so you then have the evidence of the mess left behind. I would then personally get about rectifying the situation ASAP so your property is bringing in an income again for you.

Good luck and hope you find a great tenant next time

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 5, 2003 - 10:17 am

Hi Brent

Thanks for that

Take care
Dave []

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 5, 2003 - 10:14 am

Hi Little Mermaid

Try http://www.abr.com.au

They cost about $1300 per year plus your search fees from memory.

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 5, 2003 - 9:52 am

Hi there

I’m new on the forum here and I’m still finding my way around. I certainly don’t see a problem with helping others navigate to a previously discussed topic after all we’re here to help each other aren’t we????

I guess if in the future when I’m not so much of a newbie that I have to repeat myself several times, it’s not going to bother me knowing that I’m doing the best I can to help someone else.

I feel if you’ve made the effort to log on to the forum and than have the guts to ask a question, I take my hat off to you. You’ve got to be serious about what you’re asking right?????

Therefore if it takes a little bit of extra effort on my part to help get someone across the line with their understanding I’ll do it!!

Take care
Dave

ps how do you get the smiley faces onto your post???

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 4, 2003 - 9:12 am

Hi Anthony

Just wanted to emphasize the value of Dale Gatherum-Goss’s book if you can get it.

It’s worth it’s weight in gold!!

Could I suggest Steve’s Wealth Guardian kit is well worth a read and a listen to as well

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 4, 2003 - 9:03 am

Hi Little Mermaid

I hope this is not an unethical thing to do, but could I suggest you email a great accountant based in Melbourne who specialises in setting up these structures for people??

His name is Dale Gatherum-Goss and his email is

[email protected]

He’s a great bloke and is only too willing to help people like ourselves getting started.

Perhaps before you even do that could I suggest reading through and listening to Steve’s Wealth Guardian package as this certainly helped me clear up a few issues I was uncertain with.

Hope this helps

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 4, 2003 - 8:55 am

Hi Steve

I have to admit that I found the game a little frustrating as time was just flashing by. I genuinely believed that we would be able to do four deals within the hour but ultimately our group didn’t succeed in completing one…..

Thank you for your feedback on the game…….lesson learned!!!

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 3, 2003 - 9:39 am

Hi Chris and Cheri

It was a pleasure to share a table with you on the Sunday.

Hope you both got home OK safe and well

Look forward to meeting with you guys again soon

Take care
Dave

[DaveCMember@davecJoin Date: 2003Post Count: 79]

June 3, 2003 - 9:30 am

Hi Everyone

Ok. I admit it!!! I have been a lurker but no more!!

Just wanted to take the time to thank all the property investing.com crew for all their help friendliness and guidance through the weekend.

Really great to catch up with you again AD and a special thank you for your help on the Sat night.

Take care
Dave