I noted today that the company, Folio Property Pty Ltd, is being ‘struck off’ the ASIC company register. I recommend everyone who lent them money get legal advice asap.

https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=u3a5q07nx_4

Regards,

– Steve

Loving your eagerness fxdaemon.

The course being recorded is being held on Saturday. It will take a couple of weeks to edit it up, hence why I said on the webpage that it would be ready in April 2018.

Sincerely,

– Steve

Loving your eagerness fxdaemon.

The course being recorded is being held on Saturday. It will take a couple of weeks to edit it up, hence why I said on the webpage that it would be ready in April 2018.

Sincerely,

– Steve

Hi Adrian,

Yes, may I recommend Daniel Gibbs – the gentleman you refer to who spoke at MMC last year.

His website is http://www.clinicmastery.com

I can unreservedly recommend Daniel.

Bye,

– Steve

Sure. Trading is when you buy with an intention to sell. Investing is when you buy with the intention of holding. That’s not to say you won’t sell, but rather you are not buying with the intention of fixing then selling in a short or medium time frame.

– Steve

G’day Ryan.

1/ If you purchase real estate with the intention of trading it then your profits are captured as ‘ordinary income’, rather than ‘capital gains income’. So if you buy a property with the aim of sub-dividing it and selling it, and you make a $100,000 in 15 months, then even though it is > 12 months, given your intention when purchasing…[Read more]

G’day Ryan.

1/ If you purchase real estate with the intention of trading it then your profits are captured as ‘ordinary income’, rather than ‘capital gains income’. So if you buy a property with the aim of sub-dividing it and selling it, and you make a $100,000 in 15 months, then even though it is > 12 months, given your intention when purchasing…[Read more]

G’day Ryan.

1/ If you purchase real estate with the intention of trading it then your profits are captured as ‘ordinary income’, rather than ‘capital gains income’. So if you buy a property with the aim of sub-dividing it and selling it, and you make a $100,000 in 15 months, then even though it is > 12 months, given your intention when purchasing…[Read more]

G’day team, and especially Clyde.

Clyde – I’m coming late into the discussion here, but am I right in believing you own two properties with negative equity and negative cashflow?

If so, are you in a position to absorb the loss of selling either (or both) of them? Or are you no longer able to afford the cost of owning the properties and can’t…[Read more]

G’day team, and especially Clyde.

Clyde – I’m coming late into the discussion here, but am I right in believing you own two properties with negative equity and negative cashflow?

If so, are you in a position to absorb the loss of selling either (or both) of them? Or are you no longer able to afford the cost of owning the properties and can’t…[Read more]

G’day team, and especially Clyde.

I’m coming late into the discussion here, but am I right in believing you own two properties with negative equity and negative cashflow?

If so, are you in a position to absorb the loss of selling either (or both) of them? Or are you no longer able to afford the cost of owning the properties and can’t afford to…[Read more]

Hi Jeff,

It’s Spectrum Finance.

You are welcome to contact them via the webform at this link:
http://www.PropertyInvestingFinance.com

Unfortunately, I have received mixed feedback from those who have made loan enquiries with them. I am currently reviewing and reconsidering whether I continue to refer people to them.

Regards,

– Steve

Hi Ben,

It’s not how many properties you own that matters, rather the financial consequences of owning them.

1, 2, 5, 10, 100… it’s just a number.

What’s more important, at least the way I roll, is the cash flow you derive, and therefore the freedom from work obtained, that is key.

I’m not on the same page with your thinking about the…[Read more]

I agree with Ben in principle, but in practice I think it is a moot point.

Experience shows that different people want different things out of life, and for some, following an investment pathway similar to what I describe in my books, etc. just isn’t of interest – at that time or circumstance in life, or at all.

Let’s not forget too that there…[Read more]

Hello Ajay,

Yes, you are correct. Many State governments have introduced additional stamp duty for foreign buyers (note that there is no discrimination against Asians as such). Some State governments have also introduced an additional land tax…[Read more]

Hi Greg,

You’ll need to prove you have the reputation, skills and ability to pull this off. Money is attracted to good management.

I think your best option is to approach your accountant to see if s/he has any clients that are interested in coming is a JV partners. That way you are leveraging off their trust and relationships, rather than…[Read more]

How does that compare against what you might pay a developer under the basis you mention above?

Which State is your project located in?

Regards,

-Steve

Hey Greg,

Couldn’t you just engage a skilled town planner to run the project for you? Why does it need to be an investor?

Regards,

– Steve

Hey Greg,

Couldn’t you just engage a skilled town planner to run the project for you? Why does it need to be an investor?

Regards,

– Steve

Hi,

Normally you would want to have a ‘Heads of Agreement’, or a ‘Shareholder’s Agreement’ with your brother that governs the agreed behaviour. A lawyer will be able to assist you to draft such an agreement.

I like the idea of using the rental manager. You may like them to keep a float in trust to pay expenses from, if that is a service they…[Read more]