Re your ad NoDoc 65% what is the interest rate and can you borrow for a rural property, or is that a question they will ask, re my post in the finance section “finance for rural Property.

regards

gavin

Yes I have been doing my home work, I have been involved in the pig industry for the past 10 years. The pigger has a contract with the largest pig producing company in Aust. and therefore don’t own the livestock, so I just get paid $xx for each pig that is produced regarless of the market conditions. Its just a…[Read more]

I will give them a call.

Are there any other options available to me?

Thanks Gavin

Getting finance at the valuation in not essential, I just thought that if I could get I might as well try.

Thanks Gavin

Regards,

Gavin

If I understand you correctly, my wrapee owed $32,000 at the start of her loan over 25yrs at a rate of 8.56% which worked out at $119.05 per fortnight. 1 yr on and she currently owes $30,786.36 and after the interest rise she is getting charged 9.07%. So you would work out the repayments on the loan of $32,000 at 9.07% over 25 yrs =…[Read more]

Could you provide us with anymore info on how you were able to use a US bank to buy an Aussie Property. I had a bit of a look into it a while ago and was told that it wasn’t possible as they were not registered outside there respective US states or something like that. I would love to know how it is possible.

best regards,

Gavin

regarding the new reengineered wrap kit, will existing members who have an old wrap secrets revealed be able to update their manuals to meet the new approach or will we have to buy another manual?

Best regards,

Gavin

Better tell your mate to do a check for an Adam’s apple before he does any more smooching.

regards

Gavin

I would recommend either Steve’s Wrap secrets revealed or Rick Ottons Wrap pack or even better get both. I found them both an invaluable source of information on how to get our wrap investing up and running. As for software, we have purchased WAMM to handle our loan statements. There was another program called Trackit but I don’t think…[Read more]

regards,

Gavin

You might have more luck if you posted this in the property section
regards,

Gavin

Gavin

By the way, silly question what does LOL mean?

Simon, i will contact you and would be much appreciated if you could pass my email address on to a business finance broker to see if it is possible to get this deal over the line.

regards,

Gavin

Sorry I didn’t get back to you, I forgot about this thread.

Ed Burton trys to sell you the usual stuff mentoring sessions, tapes,CD’s etc.

I haven’t been to too many other seminars, I would recommend Steve’s seminars I am going to Rick Otton’s Seminar in November so I will let you know how that turns out.

Regards,

Gavin

I have attended 3 seminars held by Steve and there was about 200 – 250 people attending on each occasion.

best regards,

Gavin

Do a search on George Mihos, you might have to do it in the treasure chest i am not sure how the new forum works but He has been discussed previously.

Regards,

Gavin

Regards,

Gavin

I think Goonawarrwa is a new housing development area ( haven’t that way for a few years now) and may be worth a look but you may only be able to get a house block without the extra land, not sure.

Gavin

I went to a 2 day seminar run by Ed Burton earlier this year and found it excellent. It was priced around $2,000 or less. Topics covered included.
1. Positive geared real estate
2. Asset Protection
3. Wills eg. testementary trusts
4. investing in managed funs off shore
5. Tax planning
6. Setting up a SMSF

The only downside to the…[Read more]

Have you considered ROmsey or Lancefield? Or are they too far out.

Regards,

Gavin

Wouldn’t wrapping in your super fund produce a fairly low rate of return or around 5% or so as you would have to have enough funds to buy the house outright.

Best regards,

Gavin

I would recommend you go see your accountant, he should know a lawyer who can establish a trust deed for your super fund and also brief you on the regulations of managing s super fund. For example a super fund can’t borrow money and gone are the days where your super fund buys your PPOR and rents it to you. There is also a number of…[Read more]

I have never heard of Westpoint Finance, but I would be very sceptical of a company that on one hand is trying to teach you about property investing and on the other hand is trying to sell you real estate.(from their web site looks like off the plan apartments they have developed). Maybe try a search on off the plan apartments on this…[Read more]

My advice for you is to go and see your accountant. Rules governing super funds are very strict, the most critical one is that they are not allowed to borrow any money. SO if you wanted your super fund to invest in property they would have to buy the property outright or buy through one of the known property trust etc.
Make sure you get…[Read more]

My pick would be Zoe, another name from left field for you to consider, we named our Daughter Charly!!

Best regards,

Gavin

Have you tried Residex, they publish reports on cities and major towns, I think mainly on the eastern seaboard. The reports shown the rentail yield and estimated capital growth for say the next 5 years.

Hope this helps

regards

Gavin

I thought I heard Steve say the same as you, only I couldn’t remember on what tape or CD I heard it on.

I will speak to our accountant today to get his opinion. Does anyone else do it differently[?][?]

Carolynne

The FHOG varies in each state, it is not something you have to register for. It is up to the wrappee to apply for the FHOG but you may have to hold their hand in the application.

In QLD i believe the FHOG is only due when the wrapee has lived in the property for 1 year.

Hope this helps

Regards,

Gavin

Am not 100% sure but I would believe that the rent assistance will go but the family tax benefit will stay.
Anybody know for sure?

Best regards

Gavin

We have just started out in the property game and after attending Steve’s Melbourne seminar we came back to the country and thought the same thing, where are these properties.

We are a long way from Melbourne. We were determined to get started though, and have now found a good area where the numbers do add up well. The catch for us is…[Read more]

Carolynne.

We used the ad on Steve’s ‘Classified Ad Secrets’ and we got wonderful results from it. Would definately recommend it!!

Carolynne.

Good luck for your ad this week.

Carolynne.

I have just one more question, is the FHOG available for wraps in NSW. The Wrap library says that it is available in Victoria but not sure in NSW. Can anybody confirm this please.

Thanks

Gavin

You have certainly given me alot to think about. I am in the same situation as Felicity and want to increase my cashflow for the same reasons. At least I know that it can be done now.

Thank you Mike for your detailed reply. It took me a while to get my head around the numbers but I think I have…[Read more]

Carolynne[]