Hi,

I wholely agree with other posts and join with them in thanking Bill for his input in this forum.

His charity vision certainly sounds meritorious. Those who would like to find out more information about his cause or would like to donate money should contact him directly at: billomara@iprimus.com.au

Please, no further pledges on the forum -…[Read more]

Bill,

I tell you what… send them to brent@propertyinvesting.com we’ll put them up on the site and then give out your e-mail at the bottom (with a big juicy plug) so people can contact you.

I don’t like long posts with people leaving e-mail addresses. It’s an easy target for e-mail mine bots.

Cheers,

Steve McKnight

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Remember that…[Read more]

Hi,

Heard an interesting quote on radio the other day. Derryn Hinch quoting from one of his mentors I think…

“News is something someone doesn’t want printed. The rest is just unpaid advertising.”

[?]

Oh, and in my dealings with TT, they have always been professional, if not a little rushed. I guess they just have to get a cross section of…[Read more]

Provided these CDs are free then no problems.

Pls confirm.

Steve McKnight

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Remember that success comes from doing things differently.
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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

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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

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Remember that success comes from doing things differently.
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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]