Yes Freckle, followed by Trillionaire, of course.

But what would come next?

– Steve

Thanks for the referral to the other post Freckle.

For my part about Mildura, pay very, very, very close attention to:

a) Job creation
b) Crop yield
c) Infrastructure projects

For my part, I would rather stick to Ballarat, Bendigo, Geelong, Albury etc. You have so much more potential investing in a hub closer to a major city.

Mildura is on the…[Read more]

Hi,

Interest is usually taxed in the hands of the person whose account it is in.

If you put it in your wife's name, she will need to include the interest in her tax return.

Terry makes a good point about thinking through the asset protection issues.

Cheers,

– Steve

Hey team,

Yes, I think his material is worth reading as Kiyoskai has single-handedly created a generation of wealthier people.

Rich Dad Poor Dad certainly helped me, although I was disappointed to find out his  'Rich Dad' was not a person but rather a collation of his mentors. I feel this  impacted his integrity.

I would note he tends to repeat…[Read more]

Hi,

Most people selling real estate lump in +GST (if applicable) because they don't know whether GST applies or not, so they are covering their backsides just in case it does.

My strong recommendation is that if you are buying / selling commercial property then always get an opinion about the applicability and implication of GST before going…[Read more]

I'm sorry… I thought they were just 'weeds'!

G'day!

Thanks for your post and welcome to the community.

You make an interesting post. Any chance you could take a photo and upload it? It is hard to get a sense of what it looks like.

In the meantime, I guess the issue is traffic flow. Do employees and visitors make it noisy and difficult to get in and out? If it is at the end of the street…[Read more]

In the words of one of my mentors (Stu Silver), look at jobs, jobs, and jobs.

People move to an area for one of two reasons:

a) Employment opportunities
b) Lifestyle reasons

It's hard to see the Sunshine Coast property outperforming while the AUD remains high, since so much of the economy their is driven by tourism. Take a look at this…[Read more]

Nigel,

Why would interest on an Aus loan or LOC used to acquire foreign property not be deductible?

I would have thought so long as the funds were used to acquire a property that has the expectation of generating taxable income then it would be okay.

Otherwise, my addition to the conversation is to warn of the FX gains and losses that will…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]

Hello,

Just to balance out the doom and gloom:

http://www.usatoday.com/money/perfi/general/story/2012-07-21/reits-rebound/56389776/1

"Real estate funds have posted an average annualized return of 33% over the last three years, according to Morningstar. That's the top performance among the fund categories it tracks. Year-to-date, the funds are…[Read more]

Freckle,

Out of interest, had you read the Product Disclosure Statement prior to making these comments?

– Steve

Hi there,

Tell your mother in law I'm sorry she feels she wasted her money buying the book. She could recoup some of the cost by selling it on eBay. After all, there's not much point having it collect dust on her shelf, and someone else might be able to pick up some great tips in it.

The book was never about buying 130 properties in 3.5 years…[Read more]

Hey mate…

Congrats on your first post.

Don't be shy though, make another one!

– Steve

Hi,

I'm trying to contain my anger… trying… trying hard!

So, you went to an adviser to talk about real estate, eh? Seems smart, except how much direct property experience has this adviser had? How many city or regional properties have the bought? How wealthy are they? How did they build their wealth?

To be fair, people can only advise out…[Read more]

Hey there,

Remember that when thinking about your investment, you need to consider both the entry (purchase) and exit (sale).

It seems you have some answers about the entry (ie. purchase price), but what about the exit? Is there a guaranteed sale back to the organisation selling to you? What kind of after-market / second hand market is there?…[Read more]

This is an interesting post, and an unfortunate problem.

Terry raises a good point about legal recourse, which is if the buyer can't pay for the work, it's unlikely that you will be able to sue and get any money (they can't pay if they don't have money).

You've also mentioned that it will cost more than deposit to rectify the issues.

That being…[Read more]

Let's not be too hasty… what would you like to see changed or improved?

– Steve