Hello and welcome to the community!

And thanks for your praise and encouragement.

I think I would argue I have already had an indirect input into helping you via the books I’ve written, and this website.

You clearly have the energy to succeed, and I’m sure you have a hunger for knowledge. The only thing missing is perhaps the confidence to act.…[Read more]

Ha ha :-)

I must get around to writing an update to 0 to 130 one of these days too.

– Steve

Yeah, none that I know of either. You would have to be careful offering such a service with AFSL licensing and requirements about offers to the public, which is why I suspect none exist. There would also be possible legal liability for the promoter if something went bad.

– Steve

Oh dear. Really? How horrible.

Sounds like a trip to your lawyer asap, and possibly a complaint to your local consumer affairs department.

You are right about his ‘office’ – it seems to be a serviced office in Sydney, rather than a bona fide full business address. This would have me doubting the legitimacy of the operation, and the incongruent…[Read more]

Hello Alan. Welcome to the community.

You raise good questions, and I’ll do my best to try and help point out the issues.

But first, which option seems best to you? And why? Do you prefer profit potential (Option A), or convenience (Option B)?

At the start of my investing career, I would have gone with Option A all day long. Being an…[Read more]

All,

Providing a loan sounds easy enough, but if an investor lends to someone for non-investment reasons (including PPOR) then they need to be VERY careful, as you may need a credit provider’s license. See more here: https://asic.gov.au/for-finance-professionals/credit-licensees/do-you-need-a-credit-licence/

Dale, I wish you every…[Read more]

Hey Scott,

Thanks for your post, and welcome to the forum. Thanks too for your encouraging words; I’m glad you liked the books.

It’s interesting to read through your logic. I agree you are in a good position, but to be honest I don’t like the idea of buying a 1Br anything. That is usually the bottom of the market – cheap to buy, cheap rent,…[Read more]

You have some savvy people who have responded already.

All I would add is to make sure your loan product fits within the flexibility and features you need. Lenders sometimes sell you a loan ‘burger with the lot’ (which is top of the line expensive), when all you are really after (and need) is a cheeseburger.  For instance, fixed loans sound g…[Read more]

Hi there,

Some investors I know swear by NDIS, but in my opinion, any investment that is only ‘made good’ by tax incentives needs to be examined suspiciously.

Specifically in respect to NDIS, I wonder what impact the requirements may have on your ability to exit – to whom, and how much.

You can find out more about NDIS investing…[Read more]

Hi there,

Some investors I know swear by NDIS, but in my opinion, any investment that is only ‘made good’ by tax incentives needs to be examined suspiciously. One of my rules is: don’t let the tax tail wag the investing dog.

Specifically in respect to NDIS, I wonder what impact the requirements may have on your ability to exit – to whom, and how…[Read more]

Hi there,

Some investors I know swear by NDIS, but in my opinion, any investment that is only ‘made good’ by tax incentives needs to be examined suspiciously.

Specifically in respect to NDIS, I wonder what impact the requirements may have on your ability to exit – to whom, and how much.

You can find out more about NDIS investing…[Read more]

Hey Harley,

It sounds like you might be better off with the services of a buyer’s advocate to find you something, but I must say I am not very enthusiastic with the strategy behind your investment. It looks like you are trying to buy, rather than make, your profit.

If that is the case, you are relying on the area more or less alone to drive y…[Read more]

Worth a try Tony, and I wish you all the best. Sadly, I think I can hear the sound of silence from here though.

I wrote to my local member, Josh F – the Treasurer – about my concerns with the NCMCC, and his reply – more than a month later – was stock standard “refer to the legislation”. Slightly more than useless.

I think your better option is…[Read more]

G’day,

Hmmmm. This is something I would definitely pay some money to a good town planner to discuss, as you may not need a building permit, but I would expect you will at least need a planning permit.

Get in touch with the friendly folks at: http://www.townplanning.com.au

Alistair Perry should be able to point you in the right direction.

– Steve

G’day Pascoe2.

Yeah, this is one of the many, many, many complexities that the, IMHO, poorly thought out NCMCC has constructed.

Have you read what I wrote at the link below? There is also a very handy flow diagram I constructed at the same link.

https://www.propertyinvesting.com/covid19/

It seems to me the following principles would apply re:…[Read more]

Oh Susanne.

This sounds horrible, and I’m sure you are feeling quite anxious and stressed. Hang in there… I’m confident a solution can be found.

First of all, building disputes are incredibly common. In fact, I think if there was ever a building contract that didn’t have some wobbles, I would be amazed. Just look at the State government and…[Read more]

Yeah, if I’m reading the post right, and you are asking how you can prove you lived in a house as a home when you didn’t, then I’m totally uncomfortable making a declaration that you know to be false. That’s straight tax-avoidance. Also gaining a financial advantage by deception. Just pay the tax and give thanks you live in a country like…[Read more]

Yeah, if I’m reading the post right, and you are asking how you can prove you lived in a house as a home when you didn’t, then I’m totally uncomfortable making a declaration that you know to be false. That’s straight anti-avoidance. Also gaining a financial advantage by deception. Just pay the tax and give thanks you live in a country like…[Read more]

Haven’t seen anything sorry Sue.

Not sure how much lower interest rates can go. And if investors can’t make money where they are now, then there probably isn’t much hope that they’ll do better at 100bp lower.

– Steve