Hi,

Yack – I started in 1999 mate, not 1997.

In any event, why am I selling some properties? Because I can make more money elsewhere on a comparable basis to the ‘real’ return on my money (allowing for the equity tied up in the asset).

My opinion is that the market is poised to redistribute wealth away from those who rely on chance to make a…[Read more]

Hi,

Sorry – didn’t know that Jo was also posting so apologies for the repeating…

If that is your strategy then keep going, and learning, as experience is the best teacher.

Just two points to note:

1. Be sure to add more in perceived value than actual cost. Sometimes the line can be blury, but if you lose perspective then it’s easy to lose…[Read more]

Hi,

Buying a shelf-entity can save a lot of time and money, but be sure to shop around as:

* not all legal documents are the same.
* the price is competitive

In particular, if you have unique requirements then I’d suggest paying extra and getting something tailored.

Regards,

Steve McKnight

P.S. If you’re interested, we use Shelcom in our…[Read more]

Hi Sarah,

Thanks for your post and welcome to the website!

You have an interesting problem, but don’t forget that you can apply for exemption to the rules (not sure what chance you would have…)

Otherwise, I suggest checking out the weekend property section to the West Australian as when I last thumbed it through it was chockers with ads from…[Read more]

Hi,

Interesting post.

Does the lender know you have purchased all these properties? If so then I’d provide them a summary of each loan and how it relates back to the enquiry.

Sometimes it pays to make the first move – it’s called attacking the fatal flaw well before it even becomes a problem.

If they don’t know about the other properties and…[Read more]

Hi,

In recent times there seems to be a point of distinction between positively geared and positive cashflow (especially after Margaret Lomas’ books)

Positively Geared

A positive cashflow outcome after the tax effect of non-cash depreciation tax deductions has been factored in.

That is, a pre-tax negative cashflow situation that is turned into…[Read more]

Hi,

My contribution to the discussion is simply to share how surprised I was when, several years ago, I looked into buying a block of apartments and was told that they came furnished.

I was astonished because I had not encountered this before and I put it down to being a Qld thing. When I did some more research I was told (but never confirmed…[Read more]

Hi,

Just wanted to add to remember that the CGT discount is not available to companies, and works slightly differently for Super Funds.

Also, did some quick surfing for you and found the ATO guide to Capital Gains. Click here for the link.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Wealth Guardian will be available again in early 2005.

Trust Magic can be purchased at: http://www.gatherumgoss.com/shopping.htm

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Terry has provided a good reply, so this may be somewhat overkill…

If you have not claimed those costs in the past then you may be able to add them to the cost base of the asset (you’ll need specific advice).

In repsect the amount of tax you’ll pay… first thing… I assume that your partner’s name is not on the title? If it is then…[Read more]

Hi,

It is possible your friend is on the ball, but, you’ll never know until you get some specific advice.

Generally speaking, individuals are the highest taxed entities, yet having said that, they will also gain the biggest benefit from any loss on the flip-side too.

I come from the other angle… because my investments make money, I want to…[Read more]

Hi,

I’ll try to answer this from two perspectives:

1. Investing Theory

You only undertake a reno when you add more in perceived value than actual cost.

2. Tax implications

While you need to get specific advice for the circumstance, my general tax knowledge (i.e. what I haven’t yet erased!) is that there needs to be a nexus between earning…[Read more]

Thanks for your post Jack.

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi,

Thanks for making this good and interesting post.

Generally speaking, I am not a fan of serviced apartments as they are more of a solution than they are a problem.

Practically, this means that it is the management agency that stands first in the profit queue by charing a (usually) above-market rate to run the investment.

As for positive…[Read more]

Hi,

There did appear to be a minor text ralated glitch which we have just fixed.

It should not have been affected in the shopping cart though.

Thanks to gramyre for his help!

Regards,

Steve McKnight

**********
Remember that success comes from doing things differently.
**********

Hi Darls,

Thanks for making your thought provoking post.

I hadn’t realised that the majority of the products (i.e. everything except the books) had an audio component. It is this way in an attempt to provide extra value to the purchaser.

I’ll make it a point to back now and think about (and certainly cost) how much it would be to have a…[Read more]

Hi,

Tony and Diane – Wow! Good on you guys, not just for your encouraging words, but for your achievements too. That’s a fantastic result.

For those who haven’t yet received their newsletters… it is being sent out in two batches – some went last night and the balance are going out right now as I type!

Regards,

Steve…[Read more]

Hi,

Thanks for your post. What I’m talking about are deals that may seem unusual or creative, and once upon a time would have been accepted by speculators, but now are seem as too risky.

However, for investors with the right skills and attitude, these deals are as profitable now as they were in the boom, as the result is made rather than…[Read more]

Hi,

Thanks for your post.

WG will be back, better than ever, in 2005. Dave has recently completed the audio, and next he just needs to update the notes.

We have the next round of Masterclasses to complete, at which point it’s time to complete some exciting developments we have planned for early 2005… one of which is the release of the new…[Read more]

Hi JoD,

Welcome to the forums and thanks for your post!

Congrats on taking the plunge, but don’t let the pace of the market force you into a hasty decision. One possibility is to agree to buy, but to add a ‘subject to a building inspection to the purchaser’s satisfaction’ into the purchase contract. That way you’re not delaying showing your…[Read more]