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.
**********

Hmmmm….

Sounds to me like that Mezzanine Finance thingie that Mr. Kaye was pushing a while back.

No money down for developers… they borrow 80% from the bank and the other 20% from investors.

100% debt + property development = potential for huge financial disatser.

Cheers,

Steve McKnight

**********
Remember that success comes from doing…[Read more]

Hi,

Thanks for having the courage to make your posts and I agree with wilandel… welcome!

I agree that there is a lot of good information here, from quite a diverse perspective.

Rememebr though, there is plenty of opinions (my own included) and you need to distinguish these from facts.

Still, as far as a good resource, it’s hard to go past…[Read more]

Hi,

I thought I would help you out by moving your post into this area [] I agree that it can be very confusing, so as a quick summary here’s what I would do:

1. Work out why you want to invest in property… what’s the higher purpose?

2. Depending on your answer to 1, the next choice is to decide about what sort of property profit you want to…[Read more]

Ok…

Enough of the sensational name calling generalisations (from all parties).

At one point it was interesting to see where this thread was going to go… but now we are not adding to the education of others, just point scoring.

Please only reply to this thread if you have constructive and meaningful contributions. Some of the points made…[Read more]