Ultimately, people running seminars are earning either all or some of their income through doing so.  Whether it be charging tickets to the event, or sourcing new clients that will buy product/services.  Naturally if something is your source of income, you need to earn money from it.  It is rewarding educating others for the love of it but this…[Read more]

And there is the great man himself.  Chris this is the Richard Taylor I just PMd you to recommend.  No need to make your SMSF a traumatic and difficult process.  Get the right folks on board and it is smooth sailing.  Richard is your man.

Hahhhaah!!!!!!!

Chris – I sent you a PM

Correct.

Joe what suburb is your property in ?

There are bonus points (for doing things like reading articles).  Also leaderboard is not refreshed instantly.  It's refreshed every couple of hours.

You can't donate your smsf money to yourself no.  The only way to get money out of super before you are of retirement age is to plead and prove hardship.

So really what you are asking is can the smsf loan the money to yourself (in which case interest would have to charged).  I'm almost certain you cannot loan money from your smsf to yourself.  It…[Read more]

There is also stamp duty, that'll cost around whatever 5% of $260k is.

Yay!  I've convinced you.  I have achieved something useful today.  Now I just need to work on convincing you to have the landlord insurance bit bolted on

Joe you are insane.  I don't see the landlord insurance component as being optional.

Either way, I really don't think $250k will get you a new house, driveway, carport/garage, fencing and landscaping.

I'd strongly encourage you to readdress what you insure for.  One incident could easily wipe you out.

Um a casket is something you get buried in.  Golden or otherwise, I don't want anything to do with a casket !

Wow – who is the insurer?  Is it just building insurance, or is there also the landlord insurance in there?

It is important to insure as follows:

Building insurance – full replacement
Contents insurance – to cover anything considered to be a "content" in an investment property.  Normally this refers to carpets and window coverings.
Landlord…[Read more]

Sometimes people are so deadset on finding "the best deal" available that they cannot commit to any deal for fear that a better one will come along tomorrow.  All the while property values go up and opportunities are missed.

There is also the water rates, which will be probably between $180 and $200 per quarter, so $800 per year.

Your insurance figure looks rather low… I am assuming you are talking freestanding house since you've not mentioned any body corporate fees.  As such I would be very surprised if you could get insurance for under $800…

Further to…[Read more]

nice one Richard, Cash is King !

Hi Richard, let's just go shopping for bricks.  It'll be the funnest shopping day ever.  I'll show you my favourite investment suburbs

Ah there you go… there is Jamie M himself!  Now you have both of them!  Pick one and storm forward with your plan

Good to hear.  What about us poor vulnerable Victorians???

If he doesn't answer the phone, just email him.  The man is always out and about somewhere, but is always on the job shoving mortgage applications forward.