Hi Spider,

But what about all those assets?

Derek

derekjones1@bigpond.com

Hi Terry,

It must be said from the outset that the cashbond is an option of last resort and yes if you have some money left in a line of credit then use that by all means.

If, on the other hand, you have reached the serviceability wall and have room in your line of credit then Steve has developed a relationship with one of the big four banks…[Read more]

Hi pjconnected,

Be wary – this story may be like those share tips you hear at the family BBQ or from the bloke behind the bar. You will need to check it out yourself and conduct your own reserach – having said that Simon is lurking around here somewhere and may be able to add a local’s perspective.

Derek

derekjones1@bigpond.com

Hi TC,

Yep – pretty basic but effective.

We are doing something similar with our PPOR loan – and when that is paid off we will shift the offset facility to one of our IP loans or possibly our equity investment loan (loc).

Derek

derekjones1@bigpond.com

Hi Rachel,

Let me first of all say – best of luck with the little tyke.

I am assuming you and your family are ‘youngish’ and you therefore have ‘investment time’ on your side. As such I think all of your energy should be directed to your family’s immediate needs.

Without knowing some crucial details (and you don’t have to answer) like income…[Read more]

Hi Spider,

The core of the Navra strategy is capital growth and using the available equity for further investments and/or lifestyle expenses. Obviously structuring would need to considered to maximise these avenues without muddying the waters.

Steve Navra advocates using your $$$ in as many ways as possible to create your wealth. This is…[Read more]

Hi Lisa,

If you are paying more tax it also means you are earning more – hey no problem so far.

I wonder if the core of your accountants objections, notwithstanding the above comments, is the apparently relative ‘small’ profit you stand to make.

Just posturing and trying to offer an explanation.

Derek

derekjones1@bigpond.com

Hi Mel,

Good pickup and clarification – that’s what I get when I rush something down before I go to work.

Brings to the fore the need for investors (everyone for that matter) to regularly review their wills to ensure assets are distributed according to your wishes.

Derek

derekjones1@bigpond.com

Hi Corrine,

Call me a sceptic if you like – but one of the key players found real estate in 2000 and the other became a wealth coach in 2000.

If I was to use a mentor or guide I’d be wanting one who has done a few hard yards over a few years or at least has been involved in some aspects of property investing.

Derek

derekjones1@bigpond.com

Originally posted by Chan$:

Quote:
Originally posted by bluecat:
Having a mentor is always a great idea but they person must be in line with what you are thinking as well

Hi Chan$,

A good mentor will not always agree with you – a good mentor should also ‘challenge’ (as distinct from stomping on you) your thinking so that you think carefully…[Read more]

Hi Deborah,

Without knowing the full details of your situation I would, on the face of it, recommend you hang onto the property.

In about two years you have had significant gain – why be in a hurry to cash in your chips when there will be more growth (certainly in the long term to come).

You may well be in a position to lever off this property…[Read more]

Originally posted by PenguinJr:

Hey Derek, do you mind explaining wat ‘savvy’ is? and the concept of line of credit?

If you say someone is savvy you mean they really understand whatever the subject matter happens to be. In this case I was referring to a savvy mortgage broker who knows more about financing than just being able to sell a…[Read more]

Hi Marc1,

My experiences have been all good. A $50 (now $70) per week rent increase with no problems with tenants whatsoever.

Mind you I have targetted a niche market – overseas students in a property close to a reputable university in Perth.

Derek

derekjones1@bigpond.com

Hi Boysie,

I recommend you speak to a property savvy broker before you do anything and discuss with them what you want to achieve.

This discussion will allow you, with the assistance and guidance of your broker, to set your finances in order at the beginning, thereby reducing costs (and hassles) further along the way.

As an example our…[Read more]

Hi Leonor,

Hold your horses! Before embarking on such a journey you need to analyse the whole picture.

Yes, you get short term gains associated with making your PPOR an investment property but your PPOR is exempt from CGT – and as such your long term aims and aspirations will really determine what is the best course of action.

I could well be…[Read more]

Originally posted by Davidlud:

Is the mine still doing well? How about teachers?

D & L []

Hi David,

Teachers, as a rental population, are a follower, rather than leader, of demographic changes in a given area.

In otherwords increases in teacher numbers would already have been reflected by a previous general increase in families. At the…[Read more]

Hi Alexander2,

Some people (two very savvy accountants) have explained to me that buying property in a company was the worst structure of all.

But for the life of me – I cannot remember the reasons[]

Derek

derekjones1@bigpond.com

Hi Bennie,

Tenants in common is a perfectly legal way to apportion ownership on a property. The reasons for apportioning ownership are many and varied (including disproportionate income levels) and can include more than two parties.

Be aware that in the instance joint ownership the surviving partner automatically inherits the property upon the…[Read more]

Hi Georgisj,

Hmmmmm – interesting.

In my mind I had thought we may have had another rise – that will definitely happen the moment the USA bank lifts their rates – we will follow at the next available moment.

Derek

derekjones1@bigpond.com

Hi all,

The Club’s primary focus is ‘growth’ but researchers are required to get the property at a price giving a better than market rent for comparable properties in the immediate area.

A focus on new (not everyone’s preference) or near new ensures depreciation claims are maximised and maintenance issues minimised. These proeprties are also…[Read more]