Forum Replies Created
Thank-you to all those posting opinions/thoughts,
To answer your question Celeste they are moving down the same path as you have – Buy, Reno, Sell.
The main client, husband, already has Income Protection up and running but we cant find a way to increase it given his new occupational duties. Insurance company happy to continue cover just not increase mthly benefit.
And dee dee – will pass on the broker for them to consider, thank.
Im Keen!
Mind doing it for 300 lot subdivison, proposed rural block or new resort development?
[biggrin]
If so… I’m Keen!
Thanks Amanda,
One of the few sites I don’t think I’ve downloaded from.
Will definately have a look.
Still want to eventually create a ‘multi-checklist’. like a mix of the best of the best from numerous resources but looking forward to seeing what they have. [biggrin]
Hi Just M & Welcome,
From a beginners point of view, that I share with you, I definately think the statement ‘CF+ properties are made not bought’ is a key thing to remember.
This forum is loaded with technqiues and info.
Try using the ‘Search’ function on the ‘Forums’ tab up top. You can look up posts with the words like ‘tips for creating’, ‘tips’, ‘where CF+’ ect ect in the post titles.
Also – click on the ‘General Property’ forum and you’ll see the first post in this forum holds a heap of tips.
Read, learn and be prepared to put in the effort and – read and learn. [biggrin]
Hi vyaw2003,
I know advertising’s not allowed on the site but it would probably help if you passed on a few more details.
Details like location, size ect may help provide more relevant answers.
You could maybe look at advertising across different states depending on it’s appeal. There’s loads of free/cheap ‘sell it yourself’ real estate sites now. And the nations alot smaller than it once was.
Maybe even post details in your local shopping centre ect. on the notices board. There’s so much exposure you can get free these days before having to pay.
But if you prepared to pay maybe a simple add in the local paper or community papers? Add a story to it, i.e. ”you can’t sell it after a year” and speak to someone in advertising about getting a free editiorial with the add. Sure they would publish a little article if you use your community paper as they could do a little ‘proprty market snapshot ‘with it
All the best
P.S if it’s anywhere down south in WA let me know and I’d be happy to look at. [biggrin]
Thanks Terryw.
Along the lines of what I thought – which is good. I’ll check with the accountant when I can free up some time.
Sweet – I asked the same question when I first started using the forum (and I bet alot have done the same) so not a stupid question at all …
PPOR = Principal Place of Residence and IP = Investment Property
Celeste I’m gonna have to start paying you for all your help,
Yep that sounds just like what I’m after.
Hey Celste,
I had a look but couldnt find anything so I’ll grab those templates via pm if thats ok.
Anyone else? Or are they safe-guarded secrets?
Property WA,
It’s great to hear all the different views on the article but I still agree things need to change.
Also – not to be too picky, but the Adv Dip is only 8 courses. 4 for the Dip and 4 for the Adv Dip ontop of that (there’s an assessment on putting it all together but there’s only 8 courses).
5 down 3 to go for me.
I’d second all the above, great explanation Qlds007.
Also – I came across an interesting site for anyone wanting some basic info on super the other day. May suppliment or help answer any further questions -maxsuper.com.au
I’ve got no relation with them at all, just thought it was a refreshing explanation of some dry, often confusing topics
Care to part with a few ‘pearls of preview ‘ or cast a little more sun shine on what the resource giants are up to?
[biggrin]
Hey alotti,
I’m an FP myself, but more so involved in raising capital than generic financial planning (just making sure it’s clear I’m not chasing business)
There’s three main ways an adviser will charge –
1) Commission
2) Hourly / Per Consultation Fee
3) Upfront & Ongoing Fee for adviceThe first quote you got ($3,000) is an example of 3) and obviously the second of your quotes, highlights method 2).
Thats the first thing to understand. Because there’s not set way in which all advisers charge there’s constantly discrepencies.
I know alot of advisers who’d charge even more, say $5K, for initial ‘plan’ and then maybe $500pa. If they are going to charge you that, or if the $3,000-$3,500 you noted is a per annum charge – they better be making you 5 times that or helping you protect what you’ve got as well.
There’s no set fee to compare to but I’d say (and you could check the Financial Planning Association) that $145per consulation(hour) is a pretty good price for that method of charging. Usually between $150-$300.
Again – it all varies so it can make it difficult.
At the end of the day
– get down to detail on what you’ll get
– how many clients do they have (so you get an idea of how time your gonna get if your paying an annual fee)
– shop aroundAnd above all feel comfortable with what your paying and know that if it does’nt add up – you’ve got a clear, unexpensive exit fee.
Hope that helps – gee I go on sometimes. [smiling]
Thanks for your posts you three,
Must admit seeing people with two-heads walking down the st would turn me off throwing money in the town. Though I did go to school with a guy who had six toes and I’d still buy where he lived.
I’ve got a friend who works at the Valuer General’s office e-mailing me through that very info Redwing. Looking at sale prices and growth rates over the past few years.
I read an article in the West (so obviously not extremely reliable) but they were saying there is a pent up demand given no substantial development over the past 12years.
With that in mind – I believe there is a substantial sub-division on way.
Hi batesy,
Balga has had a substantial part of re-devlopment go through over the last couple of years. Prices have sky rocketed.
I don’t think I’d be purchasing there though, even if houses were $100K less. I’ve lived NOR for 23 years and although I’m a fair way from Balga no-way would I consider living there.
Still – if it’s an IP who cares if you’d live there it’s all about would someone else. IP – possibly (though still quite expensive compared to far more ‘secure’ surrounding suburbs), PPOR -definately not.
Just my thoughts and I’m sure other people from surrounds have totall different views. Nothing against the people their just going on my past experience [hair2]
The ever reliable Redwing, thanks for the post.
I’m thinking about heading of down a similar path next weekend. Try an get some grass-root feedback.
There was an interesting artcile about WA Country Towns in the weekends paper. If your still looking at things down south it’s worth a read. Saturdays or Sundays west I think.
Well, the lack of feedback on Manjimup tells me one thing -there’s still working needing to be done! [suave]
No views, thoughts? anything?
It’s a blatent attempt to ‘push the post up’ I know….just can’t believe amongst all the experienced [grad] , good looking people [aacool]on the forum no-one has had much to do with Manjimup? or a a view at least?
Absolutely no offence taken Terry W,
I always read your posts with interest and get a heap of info out of your newsletter.
I couldn’t agree more that the industry needs changing.
As soon as I’ve got the Adv Dip done I’ll be looking for new courses because there’s no way I want to be like the 80 odd% of FP’s that don’t even realise there’s a box to think out of.[smiling]
Hi Cata,
In what regard has the book been outdated?
When I read it, I viewed with caution the Property Investor Trust and it’s noted Land Tax Benefits..is this what you’r referring to?
Always interested in reading your thoughts on structures.
Hi Terryw,
I read that article a few weeks ago. I’m in almost the exact same position as the author (being an FP with a Dip and doing the Adv. Dip).
Things need to be done to change the industry – whole heartedly agree.
But to say ‘Read the article and you probably will steer clear of FPs’ implies that all FP’s are tarred with the same brush and that they agree and solely relie on what that training teaches them.
Thats just NOT the case.
I know I, as well as many others in the industry, agree that things need to change and though you must have a Dip FP – real unbiased education must come from different sources and on a continued basis.
Just my 2c but it would be wrong to say ‘You’d probably steer clear of brokers as they all align themselves with the lender paying the most commission’. Applies to a few but definately not all.
At the end of the day there needs to be change, just think people must realise you can’t throw a blanket over a whole industry. [happy3]
