Eddywang55 wrote:
I am fairly new with property renovation strategy, after reading some property investment magazine, thinking to start  with a small and basic cosmetic uplift to a house, wondering if I add any additional bedrooms under existing structure, would it helps to increase the value of property? for example building additional two…[Read more]

Hi Dubsteps,

It's the first time I've heard the saying:

"Walk Softly and carry a big fish"

If you don't mind me asking, what does that mean?

Cheers,

Kong

Great job Engelo!

Just finished watching the US Passive Income Fund Webinar, and I was amazed at how much cheaper US commercial properties are compared to Australian Properties, and the return Uncle Zelly was able to generate simply by solving vacancy problems. The fact that this fund will be managed by experts such as Uncle Zelly and that Steve will invest…[Read more]

Me neither M.Investigator

The first I heard of him was at one of the Mega Conferences

I think he is American or Canadian

A bit of a tough question to answer as it is 'subjective' to the individual investor

Everyone has different personalities, different goals and different levels of skills, knowledge, experience and risk tolerance

You probably don't want to jump into any investments too quickly and end up with a lemon, but on the other hand you also so much time…[Read more]

Thanks for creating this thread

I'm interested in the Ron White memory courses

If you've completed the course, and would like some extra cash feel free to send me a PM for a quick sale

I'm based in Ballarat, so if its within driving distance I can come pick it up in person

Otherwise would prefer to do it via E-bay and paypal

Worked a night shift last night so didn't have the opportunity to watch the webminar

Hopefully they will email me a copy of the session

Just like you insanowayno, I'd love to have +$100,000 to invest in Steve's USA Property Fund, but I guess I'll just have to make do with what I have now

Right now, I'm thinking that Salary Sacrificing into…[Read more]

Wikipedia defines 'Socialism' as:

"a social and economic system (or the political philosophy advocating such a system) in which the economic means of production are owned and controlled collectively by the people. Many socialist ideas come from Marxism (more commonly, "communism"), which essentially calls for a reversal of what we know as the…[Read more]

Usually any improvements done to a property will increase its value

The question to ask are:

Who is your target market and would they want this improvement?

Will the increase in perceived value of the property (if any) be greater than the cost of improvement (both in terms of time and cash outlay)

Xdrew, you have every right to be angry and annoyed, and I appreciate you voicing your opinions about this issue in such a straightforward manner. And yes, you are right, the garbage that I have spouted comes from what I have read, heard and watched. To address your request about naming a ‘period in history where currency wasn’t fiat’ we first…[Read more]

The ability to spend less than you earn is paramount to building wealth.

In the past the the following advice worked quite well:

Do good at school.

Don’t get into debt.

Work hard in your job.

Pay of your home as soon as you can.

Save, Save, Save

One could retire quite comfortably by simply saving 10% of their income.

However, over the…[Read more]

Never really looked at it that way

The main reason I setup a SMSF with corporate trustee is that I would like to borrow money via SMSF to invest in properties later down the track, and it seems that banks prefer it if you set it up that way

Just a few questions:

Are contributions made into super taxed at a flat rate of 15%, or do they increase…[Read more]

Thanks for the update, and congrats on getting the kitchen close to completed and majority of rooms painted

As Nathan mentioned having to keep changing windows might be an issue to address.

What are your thoughts about installing crimsafe security screens to the property?

Hi Richard,

Personally I have never used E super before, but experiences with them thus far has been relatively positive, and pretty straightforward.

Documents were only posted to them 5 days ago, so it seems unfair to expect them to have a SMSF setup by now, especially if there are many counter parties involved such as the ATO, Commonwealth…[Read more]

Hi JacM,

Only posted my documents to them last Thursday, and I believe they are handling the bulk of the work for me, and it takes time to setup bank accounts, share trading accounts, and register ABN and TFN

As an estimated guideline from the time signed SMSF documentation are received,  they've stated that ANZ V2 Plus Bank account can take 1-2…[Read more]

Was wondering why the site was down for so long, but I guess it was well worth the wait!

Site looks fantastic and is easy to use, and its exciting to get new badges!

Thanks for sharing this EngeloLook forward to seeing the end product!

Hi Apex_147,The following website provides a rough outline with regards to the steps involved in purchasing a propertyhttp://www.qccu.com.au/step-step-guideTry to get a pre-approval on financeSearch for property that meet your formula / set criteriaInspect the property, and check what fixtures are included with real estate agentMake an offer in…[Read more]

How much would it cost to install anew carpet, and how much extra rent would you receive as a result of doing so?

Would steam cleaning the carpets be an option?