Hi,

Doogs makes a very good point re: interest deductibility.

However, here’s one possible strategy you might like to discuss with your financial adviser…

Instead of redrawing 100% of your home’s purchase price against equity from investment properties, just:

1. Set up a new loan for ?%LVR you need for your home. Note that this interest…[Read more]

Hi,

Not much I want to say here as people are entitled to their own opinions, except to say:

1. We have an office of 3 – Dave, me and Brent, and with this office we run an accounting business, a web business and all our investment property.

2. Nowhere in the book do I take the entire credit for what I have achieved. I am very deliberate in my…[Read more]

Hi Donna,

Nice to hear from you. Welcome to the forum.

You can easily print out the post you want by clicking on the printer icon towards the top right of your screen (next to the envelope icon and under the subscribe to the newsletter box).

Cheers,

Steve McKnight

**********
Remember that success comes from doing things differently.
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Hi div43,

Try bookstores… or your local accountant.

Bye,

Steve McKnight

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

Hi,

This can certainly be a complicated area – especially trusts.

quote:Capital gains derived by a trust from a CGT event happening after 11:45amEST on 21 September 1999 may be reduced by 50%
-2002 Master Tax Guide

What this means is that so long as the beneficiary of the Trust is an individual or a complying superannuation fund then the…[Read more]

Hi,

Just arrived back from Sydney after the radio interviews with ABC and 2GB. It was certainly a very big experience which I really enjoyed.

You should have seen the phone lines light up last night… amazing. When I left at 11pm there was still a full board!!!

Anyway, to answer the sceptic(s)…

It’s a fact that in the last two months Dave…[Read more]

Hi,

This thread caught my eye and I wanted to quickly respond b4 calling it a night.

I attended JB’s AW program in Nov. 1999 and found it to be useful, although rather basic. To JB’s credit he has since updated both the content and also imported some local speakers to add Aussie flesh to his tactics.

Personally, although there have been some…[Read more]

Hi guys,

Just clarifying…

1. The price of the book is $29.95 – but the only way I could get this to work on the site is to set the base price of $20 and then add $9.95 as postage so that the overall price comes to $29.95

If I was to charge postage and handling then the price would be $29.95 + $9.95 = $39.90

2. Books should be in bookstores…[Read more]

Hi,

Re: the book in bookstores.

The publisher did an initial print run of 7,000, of which 3,500 have been sold and I have a further 1,000 here in the office.

My guess is that until the publicity really hots up and word of mouth gets out there… it may be a little difficult getting a copy.

I hope to have it uploaded into the resources section…[Read more]

Hi,

OK – time to go out on the skinny branches!

George was working at Break Free Events when I did some seminars with them last year. He has since left to start up his own company.

He has purchased my Wrap Library and as I understand it has gone on to do approx 10 wraps – mainly in Tasmania.

The issue I have with George is that he has…[Read more]

Hi Michael,

You should have received one!

Still, I am aware that some people may not be receiving it due to the software that I am using being scanned as spam (ie. in the message header). This is particularly so with hotmail accounts.

I am trying to currently resolve this – Michael, can you tell me what e-mail software you use?

In the…[Read more]

Hi,

Privacy is becoming more and more of an issue thesedays, so my preference would be to show only the State where people are posting from.

This will be done shortly after the new forum goes live.

Cheers,

Steve McKnight

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

Hi,

I read this post with interest as I went to PF intro night and thought that it was quite good (as far as free seminars go that is).

I’d be really interested to know some more information, specifically:

1. why you felt it was poor value for money
2. who the guest speakers were and what they spoke about.
3. how many people were there in the…[Read more]

Hi Sasha,

Thanks for your comment and welcome to the forum.

For further discussion of this topic please refer to other recent threads about NII.

Cheers,

Steve McKnight

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

Leigh,

My first read of David U’s post was similar to yours.

However, having clarified what he meant, I’m happy to go in to bat for him and suggest that he is not hinting that some forum members were lemmings.

I think his post is directed to an observation of where the property market currently is.

What might have been helpful (had David U had…[Read more]

Hi,

Just leaving so I need to be quick…

Generally speaking, if you replace one item with another of comparable quality then it is OK to say it is a repair (100% deduction).

But… if you make an upgrade then it is a replacement (depreciate where possible).

My first glance thoughts on:

1. Replacing a wall… structural, not deductible – add…[Read more]

Mey,

[]

The book is the pet project that I have been working on since January… my first formally published masterpiece about how to build financial independence using property.

Cheers,

Steve McKnight

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

Hi David,

And your point is…

Do you think that people are blindly investing to real estate with little forethought?

Yes – I generally agree, but this is no different to the way that a lot of people have invested (in property, shares etc.) for a long time.

The issue about investing in regional areas seems to have been overplayed in my…[Read more]

Hi Dram,

Yep… I’ll be taking orders from the middle of next week (probably Wed.)

I’ll send around an e-mail to let members know when.

Cheers,

Steve McKnight

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

Soosh,

Perhaps this is a worrying trend? The herd mentality as mentioned in another post?

I fear that when the property bubble bursts it will end in tears for many investors.

Time will tell..

Bye,

Steve McKnight

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