Hi,

This topic has been deleted.

References to share seminars need to be closely regualted due to licensing issues.

Crashy – be very, very, very careful here as the ASIC is coming down hard on people without the proper authority!

Also, mate, please don’t abuse this forum by making posts like that again. [!]

Steve McKnight

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Remember…[Read more]

Hi,

Check out their website http://www.personalinvestor.com.au/

Some of the articles are available for free!

Cheers,

Steve McKnight

**********
Remember that success comes from doing things differently.
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Well, it just goes to show that a variety of opinions are always welcome here, provided they are expressed respectfully and pursuant to the forum rules.

Thanks for your contribution Pinky, and to all those who take the time to answer posts to help members with questions.

Cheers,

Steve McKnight

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Remember that success comes from…[Read more]

Hi,

I need to be quick…

The reason why I don’t believe in the tax deduction side of investing is that it justifies a valid reason for making a loss or having -ve cashflow.

As for depreciation – see my thoughts at: https://www.propertyinvesting.com/depreciation

Depreciation is tax deferral, not a tax saving.

Cheers,

Steve…[Read more]

Hi,

We are looking at bolting on a chat room at a later date, but it would only be open a selected times to discuss a particular topic so that it could be like a mini online seminar.

This may be some time though.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

My understanding is that the image was there after a modification to allow us to track people entering the site via google links.

As such, it is not advertising in nature – more reflective that we use their free technology. Kind of like the link to Snitz at the bottom of this forum.

Cheers,

Steve McKnight

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Remember that success…[Read more]

Hi,

I have made some enquiries about this but have come up with blanks everywhere [?]

Nivia… if you are out there pls get in touch. I’m starting to worry.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Alf,

Yes – I agree with you!

Building writeoff (now called capital works) comes off the cost base (ie. is not a balancing adjustment).

However, depreciation of fixtures and fittings does NOT come off the cost base. Instead, it is (usually) repaid if the property value appreciated rather than depreciated.

This point outlines the different tax…[Read more]

Hi Fudge111,

Yep spot on.

Depreciation is tax deferral, not a tax saving.

They don’t tell you that at the free seminars []!

See ya,

Steve McKnight

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

Hi Alf,

Don’t quote me on this (IE. This is NOT advice), but my understanding was that:

1. Fixture and fittings depreciation is 100% repayable (ie. outside the 50% exemption).

2. The building writeoff came off the cost base of the asset, and as such was OK re: capital gains purposes.

Quick example…

A. $100,000 property bought (nett)…[Read more]

Hi,

I’d go to the intro seminar and read the book.

All you need is one good idea and you’ll never regret it.

But, having said that, I am cautious about some of his ideas as he factors depreciation into the +ve cashflow equation.

Still, enough friends have said good things to make me happy to recommend that it would be worthwhile attending the…[Read more]

Hi,

Interesting post… let me know if you give it a go and whether or not it keeps that hungry ants away.

There is a termite association (no kidding – Australian Environmental Pest Managers Association)

quote:Australian Environmental Pest Managers Association Ltd represents professional pest managers and promotes the interests of the…

[Read more]

Hi,

Well, my 2cents worth is that positive cashflow is positive cashflow.

So long that:

1. This investment fits into your wealth creation plan

2. You have done a thorough due diligence (there are some excellent points made to help you)

3. You are aware of the risks and rewards

Then IMHO, $80,000 doesn’t seem like a lot to get into the…[Read more]

Hi,

Here’s something perhaps out of left field… pls don’t take it personally []

I suggest that a large part of your problem seems to be that you wait until tax time to get all your reports together.

You’d be better served allocating an hour a month to keeping the records in order, perhaps on something like MYOB and the just running off…[Read more]

Excellent and sensible point Dino.

Cheers,

Steve McKnight

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

Hi,

Hmmmmm… I sense this is dangerous ground, but oh well.

The Bible is clear that you cannot serve two masters, and that you must choose between serving God and serving money.

Having said that, my understanding is that financial freedom is a great goal, provided that you keep God as the #1 priority.

It is certainly no sin to be rich, so…[Read more]

Hi,

Actually, just went through the 50,000 book sales mark.

Who would have thought???

Oh, and Arty, your Maths is way, way off on the estimated profit. Trust me, the author is last in line when dividing up the spoils! []

Unless, of course, you can negotiate a huge advance…

Cheers!

Steve McKnight

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Remember that success comes…[Read more]

Hi,

I’ve enjoyed reading this thread.

I used to lecture auditing at RMIT, a university here in Melbourne. As I was (and still am!) a registered company auditior, I was well qualified to take the topic.

Anyway, I took the part-time class, which was full of people who worked during the day and were studying at night. I’d regularly get up to…[Read more]

Hi,

I’m sorry, but I don’t have a copy of the book handy (I’m at home), so I cam only answer generally:

quote:1. On page 67 there’s a table with a list of expenses. There are headings “to” and “put”. What are these – accounting terms? What do they mean?

My guess is that this is a solicitor’s statement? I’ll look it up when I get to work and…[Read more]

Hi Mini,

You wouldn’t believe it. I stayed up past my bedtime to watch you on the tellie the other night (actually, I was doing some work on the laptop and listening to the tellie).

Jules muted it during an ad break and left the sound off for about 5 mins. I went and turned it back on 5 mins later, only to learn that that’s when you did your…[Read more]