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  • Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13

    Here is  a review of the game:

    http://www.boardgamegeek.com/boardgame/6552

    I think the benefit of the game is that it triggers philosophies of investing… Kinda simplifies everything ;)

    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13

    Tommy gun.

    I think maybe yes, although I am not a position to offer a deposit of that size, so I did not investigate this.

    Profile photo of MrleumyMrleumy
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    @mrleumy
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    Hi Richard,

    the bank was Bendigo.

    Profile photo of MrleumyMrleumy
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    @mrleumy
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    Post Count: 13

    Haha  I liked the description of the Queenstown house: "Here with have a special little piece of crap"  thanks for the laugh!

    Profile photo of MrleumyMrleumy
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    @mrleumy
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    Thanks propertunity,

    I am aware that you can only claim FHOB if the property is bought in personal names… My idea is that once you have lived in it for 6 months and claim the FHOB, that you then transfer the property into a discretionry trust which would be set up 6 months after you lived in the property, thus meeting all the criteria for FHOB.  Money from the $14,000 can be put aside to set up this trust.

    I am not sure whether this idea is feasible, but it would make use of the FHOB???

    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13

    Hey Andy,

    I think was thinking of doing the same thing…. My idea differs slighty in that I want to use a trust structure:

    So the process looks like this:
    1. Purchase property
    2. Live in it for 6 months and claim FHOB
    3. Use money left over from FHOB to set up a trust and place property into it.
    4. Property portfolio begins

    This way I can access the 14,000 and begin portfolio too.

    Any comments or suggestions are greatly appreciated

    Leumy

    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13

    Can I suggest taking a look at other threads on here in relation to your questions.  In fact, I think there is another thread which has a similar title.  There is loads of information on here and I think you questions may already be answered.

    Profile photo of MrleumyMrleumy
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    @mrleumy
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    Post Count: 13

    Well I'm not sure many posters have done this:

    Sold my car (for the sake of investing) and now share one with my partner and guess what?? this arrangement actually works.  Initally I never thought it would, but it's fine and we save hundreds a year.  Unfortunatly we went for her car whihc is a corrolla but at least its fuel effiecent.   If you can survive on one car then do it!

    Leum

    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13

    Dear Spruikers,

    Want to know how to win people over in a property investing forum?? No secrets here.  Just follow the URL below and discover the amazing opportunity that awaits you. 

    http://www.goandspruiktosomeonewhocares.com

    Go on, no obligation, give it a try today! you'll be much better for it!

    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
    Post Count: 13
    Profile photo of MrleumyMrleumy
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    @mrleumy
    Join Date: 2008
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    You guys have far too much time on your hands,
    mildly amusing for the rest of us however!

Viewing 11 posts - 1 through 11 (of 11 total)