Check with your accountant but my understanding is that if you sell it before owning it for 12 months Capital Gains Tax is paid on all the profit made.  If you sell after 12 months only half of the profit is subjected to CGT that is if it is in your name.  You have to remember that the amount made when you sell whether it be half of the profit o…[Read more]

Hi DanielI have found that you cannot beat 'local knowledge'.  They live there and know exactly what is going on.  Most of the people I have talked to are business owners or are managers of a business from blue collar to white collar workers.I have talked to REA's and talked to people who currently have short stay accommodation.  There is a few…[Read more]

RVPTry http://www.nmdata.com.au they have sales by Public Trustees, Mortgagee Sales etc listed on their site all over Australia.Hope it helps.Ros 

I don't see that buying two in the same complex would be an issue as long as it meets your investing strategy and you have done your due diligence.  Things to look out for: the complex has a good reputation units easy to rent out body corporate overseeing the complex is doing a good job and maintaining the complexbody corporate fees are not to e…[Read more]

HiI attend a meeting called WAIP Western Australians Investing in Property.  We meet the last Wednesday of every month in Burswood (not the casino).  We have various people in the industry talk eg accountants, settlement agents etc followed by a 'real deal' (someone presents a deal that they are/have done) then a chance to network.  It cost $10…[Read more]

Hi EddieYou are doing everything right so far, asking great questions and taking the answers on board your half way there.  Have you thought of going along to meetings in Sydney that are run by like minded people out there doing the reno's, developments etc.  I'm not from Sydney but know of a meeting that is held once a month, they have various p…[Read more]

I wish you and your mate good luck Boooma.  My husband, son and Myself moved to Newman WA at the end of 2001.  We thought we had missed the boat.  Half the town was in moth balls.  Even then we were still earning great money, my husband's a sparky and I was an office administrator.  The reason we went remote was to buy a house because we coul…[Read more]

Hi GoldilocksMy accountant is very good and always answers my property related questions thoroughly and makes it very clear to me  so I understand (I can be slow on the up take sometimes).His name is Matthew Moonen and he works at 154 High Street Fremantle  08 9335 5211.  I actually booked an appointment and we interviewed each other for about 1/2…[Read more]

Alright here goes.  Moved to Newman WA in November 2001 with family to work and get together a deposit for a house.  At that stage half the town was in moth balls.  There was plenty of work for contractors (my husband is a sparky) and life was good.  You could of picked up a house for $40,000 or $50,000 if it had a pool and the rent was $20…[Read more]

The law is the law and if it states that they have to give tennants 2 months notice then case closed.  Anyway renovating around a tennant is bad form and illegal, they only got away with it because Jack doesn't know his rights.  You cannot tell me that they did not plan this and knew exactly when they were going to move in.It's a good thing that J…[Read more]

Reneeshen wrote:
just branching off a bit from the topic….has anyone been to the tony robbins upw, wealth mastery or date with destiny programs?  And if so, what is your opinion on his programs as empowernet works alongside the tony robbins companies.Thanks

I have a friend who does or has done all of Tony Robins seminars she loves them and…[Read more]

Hi Goldengoose know exactly what you mean when it comes to negative thinking people.  I came to this realisation a couple of years ago, I do not talk to people about my investing unless they are doing what I am doing or are where I want to be in my investing journey.  This saves a lot of time and energy because there is nothing worse than s…[Read more]

Personally it has saved us a number of times.  I know it can be costly but in the end we saved thousands and it only cost us hundreds.At the time it was money well spent.Ros

Hi LotteeI was in the Results 2 intake and all I have to say is if you want your investing to be taken to the next level DO IT!Steve and his team are professional, knowledgeable, ethical, caring, motivating and are investors themselves.  It is an awesome program run by outstanding people.Rosps if you want any other info just pm me.

I heard a very similar case being discussed on a talk back radio show.  They both had 50/50 stake in the property (originally two brothers, one of the brothers had passd away and now his wife wanted to sell) the wife was taking it to the the Supreme Court.  There was a very good chance that he would be forced to sell or he could buy out the oth…[Read more]

Thanks steve for the valuable tool.  Congrats Nicole & Alfonso outstanding scores.  It was very timely because I am just about to re-assess my goals for 2007 to see if I will achieve them or not, my score was 580.  I have a long way to go and it wasn't a negative score so I am on the right track.

Hi I'm from Perth and I am finding that the FHOG has had very little impact on the housing market.   I am currently looking at units/flats to do a quick reno and put back on the market.  Currently vendors still think the boom is happening and the prices are currently not reflecting the market situation.  So I am waiting patiently and currently loo…[Read more]

I have also purchased the Reno Tool kit and it is well worth the money.  Have just used it on a property we bought to reno, sub-devide, build and sell.   

I am part of the RP2 intake (Results Program 2). I know that Steve is doing RP3 shortly not sure of the details.

My advice would be ring up Property Investing.com in Melbourne and speak to the friendly PI crew who will be able to give you the info.

If you get the chance to join, I have only one thing to add DO IT!

Ros

Hi Leila

Yes as far as I am aware they are still going. I will drop Troy & Bec (organisers) an email and let them know that you are interested in attending.

Ros