Oh. i’ve now looked more closely at Poltergeist’s response.[][] I thought he said ‘i subject line changed’. But it’s an exclamation mark![]

Cheers
Mel

Steve

I think it cost me $695 and it was held over two weeks, with about 5 half days, and one full day or something similar. Some ‘homework’ and an exam at the end.

I did the course so I could ‘hold the hand’ of my sister’s friend who I was going to employ to manage my properties. Sadly, that arrangement hasn’t worked out, and my new aim is to…[Read more]

I don’t recall saying there was a guaranteed profit. In fact, the phrase which you quoted had me saying a property you plan to onsell. This strategy could also be used where you are planning a renovation, and can get early access.

I am aware of many people getting burnt. It’s all over the news quite often.

Cheers
Mel

I would reduce debt – as long as you have a plan to create more wealth for yourself than would be in super. Realistically you can’t touch that money for another 20-25 years, so make use of it now.

Cheers
Mel

Naughty Poltergeist! I wondered about that cos I didn’t think we could change the subject!!

Moderator, too much power to the platinums here!! Moderator, oh, d’oh, have to be careful, Poltergeist could ban me!![]

So I’ll whisper secretly to the moderators then ……………………………

Cheers
Mel

Hey Doug, that’s good to know!

It saddens me to see so many people who are out for all they can get.

Cheers
Mel

Josh

You lost me when you divided the interest rate by 54!!

Cheers
Mel

Hi jack

I wasn’t going to respond cos it’s late, but I will and then I’m off to bed.

Don’t buy appreciating assets in a company name! There is NO discount for CGT in a company.

As to your situation – it depends what you want to do. Personally, I am buying my properties in a discretionary trust (there is a lot of argument for hybrid trusts as…[Read more]

I’m not sure quite what you are asking. There have been a couple of posts a while back – perhaps search the treasure chest – that a few people gave examples of ads that they have used.

Alternatively, i believe there are a couple of products that Steve and others produce that give examples of ads that work. From memory there is an example in…[Read more]

That’s just typical of the banks!! Not that I’m planning on using the loans, but why can’t they call them like they are, rather than making them sound great, and get people’s hopes up?

Although I seriously wonder if you should be buying a house if you haven’t got any money saved up at all.

Cheers
Mel

Muppet, I told Fudge to make it self destructive for you Kiwis, I hope he listened. Either that, or once you do it it puts a jinx on those nancy boys you call the All Blacks

Cheers
Mel

Hey Josh

I think there are also a couple of products out there (St George being one of them?) that offer 100% loans. Haven’t looked into it, so don’t know the details.

Cheers
Mel

Me too Joy. I’m purchasing an office so that I can hire a friend of mine to deal with the nightmare one day per fortnight – which will grow I’m sure, but it’s as much as i can convince her to take the time off her ‘real’ job at the moment.

At the moment I have paperwork at her house, my bedroom floor, the loungeroom floor, the study, my…[Read more]

Bear, you can ALWAYS have one PPOR (except in the case Simon mentioned where you can have two). Your PPOR doesn’t have to be the same property though – it can be forty in your lifetime if you are unfortunate enough to move house that often.

Cheers
Mel

Hey Steve

My long term goal is to have an employee who manages all my properties for me. Then I will pay them a salary (which is what PMs are on anyway – the agency takes the commission). I will also be ensuring that they are interested in investing, and aim to help them/invest with them as a partnership so in the end they will manage our…[Read more]

Hey Leon

What happens with any capital growth? It sounds an interesting concept, but one I’ve not heard of – that of ‘moving’ people to the country anyway.

Cheers
Mel

Hey ENJOLady

Your bank bloke is probably right, but also wrong[]. I know a while ago my Dad was going guarantor (we jointly owned a property, but I wanted to take the debt on, not him, and he had to sign as the security holder as well), and had to go see a separate solicitor to have them explain to him what he was doing. That solicitor actually…[Read more]

Hey Simon, I wasn’t arguing/disagreeing, just clarifying. Your post actually said ‘home’, and you can differentiate between a ‘home’ and a ‘PPOR’. I think you and I both understand, but want to be crystal for anybody out there who’s learning the concept.[][]

Hi TheRC1

You can only have one PPOR at any one time, so while you were renting out…[Read more]

Me too. LOL. Pinky, always good for a laugh! I need to get a life – too much time spent sitting in front of a computer bursting out laughing – and then trying to explain to my Mum what is funny!![][]

Cheers
Mel

No you don’t have to pay it on the option, but you do need to declare any proceeds (ie sale price of option) in your tax return and pay income tax on it.

It is also a good way to delay the payment of stamp duty for off the plan purchases. I believe you get 12-15 months tho to pay the stamp duty (and you can delay that, but you pay ‘penalty’…[Read more]