Originally posted by Sonja:

If anyone has seen this product I’d be interested in your thoughts on it. Is it worth the money? What about Rick Otton himself – is he a reputable “guru”?

Hi Sonja,

I suggest a search of posts by FW (Felicity) she has recommended RO is the past.

Derek
derekjones1@bigpond.com

Property Investment Support…[Read more]

Hi Andrew,

The general consensus of the forum seems to be that the 11 sec properties are few and far between hence the reason many people are looking in NZ or buying in more remote areas.

Some more experienced people with good research networks and processes are still finding them in less remote areas.

But for certainly steer away from ‘remote’…[Read more]

Hi Andrew,

Welcome to the forum and please take what I say with a grain of salt as I am more orientated towards growth but for me there are too many risks associated with ‘remote’ properties located in small towns or towns with an over reliance on single industries.

My take on the push for remote properties is that the growth experienced out…[Read more]

Hi Daniela,

Congratulations and welcome to the community.

There are a couple of key points for you to consider when determining CGT liability.

Your home is exempt from CGT for the period that it remains your home and for a further 6 year (renewable) period provided you do not have more than one home at any one time apart from a 6 months period…[Read more]

Originally posted by Derek:

In 1904 Fitzroy won the premiership
In 2004 ???? lost the premiership.

Could it happen again?

For those are not familiar with the degree of coincidence Fitzroy and Brisbane merged 8 ~(?) years ago.

So if the coincidence continues I believe Carlton (from memory) will lose next years AFL Grand…[Read more]

Hi Allen,

The best place for the money is determined by a number of factors which we are not aware of;

What investment timeframe are you looking?
Do you have any non-deductible debt?
If so – would $15K be best used there and release the equity?
Are there investments you are adverse too?

If you are looking short term and you have no…[Read more]

Hi Jan,

Unfortunately these sorts of people do exist and as such any checks into their background need to be thorough, and especially so if they are residing on the same piece of turf as you.

Did your son (as PM) do a thorough background check on this tenant?

The issues surrounding breach of lease agreements as per the smoking and additional…[Read more]

Hi Steve,

Understand where you are coming from but (there is always a but) to pay $25K and then $5k for the next five properties even if they are self located.

Seems a ‘little’ over the top to me.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Kay,

THLC has a long track record – I notice their September 2004 Newsletter is Issue no 1.

Looking at the spiel on the website it would appear that the aim is to buy one high growth property so that it accumulates in value to $1m in 10-12 years time – not hard really. But $1m in 10-12 years time will have the purchasing power of…[Read more]

Hi all,

It seems as if others are following suit.

http://www.theage.com.au/articles/2004/09/24/1095961857716.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Mgr,

One other point – have you signed a ‘contract’ with the organisation?

If so, a discussion with MOFT Queensland may be worth it and/or a discussion with a solicitor.

My laymans understanding of law is that the agreement is ‘restrictive’ and as such would be outside the restrictive trades practices act (if that act still exists) or…[Read more]

Hi All,

Note disclaimer applies so you can choose ‘to believe it or not’ with my comments.

My experience with TIC is very different – the wife and I are considerably better placed from a financial position through the growth in vlaue of our properties but probably more importantly we now are more focussed in our aspirations and…[Read more]

Hi Dsix,

PIA is a piece of analysing software which crunches ‘a property’s numbers’ so an investor knows where they stand prior to purchase.

I am not familiar with POSH but I understand it records income and outgoings for property after purchase – more as a recording tool for investors.

I suppose that the MYOB/Quicken range of products is…[Read more]

Hi Dsix,

I assume that, based on your thread title, you are after software that analyses the viability of development projects.

If so http://www.devfeas.com.au have a software package that is advertised as doing this. Please note I haven’t used this package so you will need to make up your own mind.

Derek
derekjones1@bigpond.com

Property Investment…[Read more]

Hi Yack,

Call it coincidence – or someone has too much time on their hands but………..this email (or similar arrived at my work desk yesterday)

In 1900 Melbourne won the premiership
In 2000 Melbourne lost the premiership

In 1901 Essendon won the premiership
In 2001 Essendon lost the premiership

In 1902 Collingwood won the premiership
In…[Read more]

Hi Sonja,

No CGT is only calculated when the asset is sold – and as you still own it there is nothing to worry about from a CGT perspective other than retaining all paperwork related to the proeprty for at least five years after it is disposed of.

And we have already talked about the need for separate accounts for taxation purposes when…[Read more]

Hi PK,

While ABS is the best we have unfortunately by the time the data is ‘crunched’ it is out of date.

For example I have just been notified of a change in our schools funding levels for 2005 based on information from the last census – which if my memory serves me correct is three years ago.

Derek
derekjones1@bigpond.com

Property Investment…[Read more]

Originally posted by mgr:
Once signed up the arrangement is openended and if you find and purchase a property from another source your obligated to pay them the $5000 still up until you have purchased 5 properties.

Hi Mgr,

Irrespective of how good an investment this Redcliffe property is – this clause/requirement by itself is enough reason to…[Read more]

Hi Mgr,

Remember return is but one aspect of property investment – and while the return may be ‘terrible’ the other side of the equation is that you are 250 m from the bay and as such over the long term capital growth is likely to be very good.

Whether this is ‘affordable’ and suits your goals only you are in a position to know that.

I would…[Read more]

HI Mgr,

To me you really need to step back from what is being said and determine what you want to achieve from property. This will really help you to identify the property that is right for you.

I would be very interested in hearing ‘the return that justified the expenditure.’ You may also be interested to know that there are properties priced…[Read more]