Dear Steve and Dave,
Firstly, congratulations on achieving one of your several goals that you have with many more to come no doubt. I may be a little out on the timeing, but also a very happy Mother’s Day to Julie and Dave’s wife. Since I first attended your March seminar (with the aim of staying and getting a refund at morning tea so I could go…[Read more]

Hi Shawn,
I’m from Melbourne but I do know of a guy who leases out semi trailers (the trailer that is) and is doing very well from this. He also invests in property, but I think his main job is hiring out the trailers to companies. I’m not sure if this answers your question or is even relevant to your situation. I hope this helps and I’ll try to…[Read more]

Hi Bid,
I may have misinterpreted your open post or I may be showing my ignorance in property investing. In your open post you stated ‘claiming the rental loss’. I was under the impression that you cannot claim the lost rent through a property’s vacancy period. If I’m right forget it, if not then I’m owed a shit load of back pay from the ATO for…[Read more]

Hi all,
Pardon my ignorance but what is ‘Trust Magic’ and ‘Tax Battles’? I have Wealth Guardian.
Many thanks,
Gatsby

Dear fjficm,
Many thanks. I’ll look at Barry Plant.
Cheers,
Gatsby.

Dear Geo,
Much appreciated! Anyone with a good property manager experience in the Ringwood area of Melbourne I’d love to hear from (or a bad experience?)
Cheers
Gatsby

Dear Kaye, Elves, Derik, Foston, Marc 1, Sue, et al. Many thanks for all your advice and important suggestions and experiences shared. WOW! I’m starting to wonder if income protection is worth it??? I’m not interested in Life insurance, Death (that’s already insured to happen!). I just want to cover my income for cashflow. I’ll do some more…[Read more]

It’s interesting. I’m curious to see if this grant, which is supposedly aimed at helping first home buyers enter the market, have the desired effect. It’s a bit like ‘an economy’ in any era. Some say tinker with it while others say let it sort itself out (supply/demand). I hope it doesn’t (and I feel it may) just push prices up accordingly like…[Read more]

This has been a great thread! I live in Forest hill/Nunnawading, Melbourne. I’d be very keen to meet up with anyone or a group of people in Melbourne to meet and chin wag and discuss property, exchange ideas etc. Might also be good from a social point of view to put a face to a name, etc. PM me if interested.
Cheers,
Gatsby.

Many thanks for the replies,
Kaye also thanks but also think from ‘Eillen to Newman’ (George just seemed to CREATE problems and then find solutions to them) but the clause is a good one to keep in mind. Anymore suggestions or good experiences much appreciated.
Many thanks,
Gatsby.

Hi all,
I apologize for chainging the thread from private health insurance but does anyone know or can recommend the best ‘income protection’ insurance? I’d be most gratefule for any replies.
Cheers,
Gatsby.

Hi Steve, All,
One thing I’ve found with a tape (be it Fast Track, Tales From the Trenches, Kiyosaki, et al) is that it’s a great tool that I benefit most from by just replaying it over and over again in the car. When I head to work I’m in ‘anti job mode’ and it helps me get through the shift while, at the same time it reminds me ‘why’ I don’t…[Read more]

It worked for Mr Costanza in ‘Seinfeild??’
‘Giddy Up’
Gatsby.

After reading this post I feel incredibly sorry for the lady in question. I’m going to lay my cards on the table here so load your guns and get ready to shoot me to pieces for my arrogance. Bionic Beer Gut. The person you quoted from TV suffers from Obsessive Compulsive Disorder (OCD). This disorder affects 2-3% of the population and to read what…[Read more]

Hi EmZY,
Well done for even thinking about property at your age at Uni! When I was at Uni I wasted it by being taught how to work for money, rather than how to have money work for me! You’re already on the right path whether you know it or not. Look around at the students you see and do things differently (apart from studying hard!). Then look…[Read more]

In terms of value for money (whatever way you care to define that), I don’t think it matters if they charge 8%, 80% or do it for free! It only makes you codependent and then your going backwards as far as I’m concerned with this game. Once you put your eggs in another’s basket don’t blame that person if they crush the eggs if you expect them to…[Read more]

Hi Word,
I think I agree with KiwiFulla and to all the replies to some degree. Personally I would never mix business and pleasure. That way everyone inderstands the rules. I have a sister who has worked in real estate for over 10 years and she has always rented and lived the highlife and if that’s her choice, then good on her (I’ve also done the…[Read more]

Thanks Kiwi,
Ditto! Often the hardest thing to do in life is often the best thing.
Regards,
Gatsby.

Hi Milly,
I’m sorry that I’m not an accountant, nor am I a surveyor. I do however have a month off in June and ‘I make love like I make deals – with an iron fist!’
Kind regards,
Gatsby!

Hi Scremin,
I hope this applies to your situation and my apologies if it doesn’t. I was in a rut. Hated work but pay was good when applying for a loan. My boss is Stalin. Again, sanity vs good income to buy more property. I dont know why but I was ful of anger and for some reason I purchased a cheap bench press and free weights. Cost $400. Slowly…[Read more]