G’day,

My contribution to the discussion is via some investing principles that I have seen work time and time again:

1. The goal of getting into debt, is to get out of debt. That is, if you owned a portfolio of debt-free income producing assets then you would be somewhat inoculated against rises in interest rates, plus if you had to borrow in a…[Read more]

Well, I greatly respect Terry as a lawyer, but to be fair to me, 0 to 130 is not a text book on trusts.

Instead, it explains the concept of how I have used (and continue to use) a multi trust structure to leverage my personal borrowing capacity.

Everything written in the book is both factual, and accurate.

Oh, and for the record, NOTHING that…[Read more]

Well, I greatly respect Terry as a lawyer, but to be fair to me, 0 to 130 is not a text book on trusts.

Instead, it explains the concept of how I have used (and continue to use) a multi trust structure to leverage my personal borrowing capacity.

Everything written in the book is both factual, and accurate.

Oh, and for the record, NOTHING that…[Read more]

Well, I respect Terry as a lawyer, but to be fair to me, 0 to 130 is not a text book on trusts.

Instead, it explains the concept of how I have used (and continue to use) a multi trust structure to leverage my personal borrowing capacity.

Everything written in the book is both factual, and accurate.

Oh, and for the record, NOTHING that…[Read more]

Hi Jane,

I’m sorry to hear about this.

I am not a lawyer, and as this is a contractual matter, it is important to know your rights and obligations, especially if you are overseas.

The contract you signed, together with consumer law, will determine the rights and responsibilities of all parties.

Usually, if you sign a contract and fail to…[Read more]

Sorry for the delay in replying…

Absolutely, positive or negative, the result is the result.

The -22% means that for every dollar invested in the deal (your cash down), you will need to find an extra 22 cents per annum to feed the deal and keep it alive.

Be aware that percentages are really for comparison, but as my friend Marty Ayles says,…[Read more]

Good suggestions from Terry.

Do your research on the parties mentioned. The truth is out there, if you go looking.

And remember, the structure needs to suit the purpose, not the purpose for the structure. Often people spend a fortune building a fortress with nothing much to protect.

Bye,

Hey mate,

This isn’t advice in any way, but some things to think about.

I’d start with thinking about whether you want to use the money for a home (lifestyle asset), or for return (investment asset). Seems to me that maybe you are looking for some stability given your circumstances? If so, maybe a home first?

If you want to invest, then you…[Read more]

Any idea why the computer said no? Maybe LVR too high?

That’s where I would start… and then check around, as maybe another lender has a risk appetite that suits.

Also suggest you try Chris Berry: http://www.PropertyInvestingFinance.com

Safe travels interstate!

Now there’s a name from the past. Anyone know what CC is doing now?

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]