Hi,

It's good to ask questions and I always encourage it.

First up, with the start of the latest RESULTS program, a lot of my time is being spent writing materials and answering questions of late. You will notice though that I did a short 5 min video about my thoughts on the current property market.

I'm also making good on some long awaited promises in terms of writing the content for the Advanced MasterClass pack.

Aside from that, I have a number of property projects on the go and they are keeping me busy too. No point writing about investing if I am not doing it myself!

Finally, in terms of Dean's seminar – I understand concerns about value of 'paper as such' I mean the real cost of an A4 sheet is about 5 cents in paper and maybe 2 cents in ink. But if the knowledge on that paper can help you make $10,000, or save you from disaster then it is worth a lot more.

I see it as the cost of eductaion. $695 is pretty reasonable for a one day seminar, and the templates are free bonus items.

I'll be at the Melbourne seminar with a pen and notepad as I'll be keen to learn from Dean. His systems make a lot of money and those who come along will be in for a treat.

Thanks for the post and all the best.

Hi,

I recommend you read this site: http://www.propertyinvestment.net.au/tax-deduction.htm

Stamp duty is a capital cost and added to the value of your property. Lender's mortgage insurance is a borrowing expense and can be written off over the shorter of the life of the loan or 5 years.

Cheers,

Hey Jim,

Sounds like a golden goose deal. Well done.

You would be best to see an accountant here, but I think that provided you bought the property as an investment with a goal of making a profit then the fact that it has gone up so much in value provides a reasonable argument for claiming the interest on a loan used to buy that investment property.

As for reducing the CGT, well, provided you are structured properly then you should only have to pay tax at your marginal rate at 50% of the gain. Definitely go and see an accoutnant for some tax planning though to see if you can take advantage of any rural allowances (don't know if there are any, but worth a try).

Well done again on your deal!

Hey there Emily.

How did the conference go?

I'm actually attending an internet marketing conference in Canada right now!

I agree that reading books is the best place to start… that's what I did.

I'd also make a start with some tentative investing, and if it's related to the stockmarket, get your hands on Louise Bedford's books.

Property is more intense in that you have to deal with more people, but you can also make a lot of money if you know what you are doing. Perhaps take a look at API magazine as there are articles from time to time from people less than 25 who do well from property.

I would also like to commend you on your attitude. Well done and all the best.

Hi,

Thanks for your questions about RESULTS. I'll try to answer them.

1. About RESULTS

Some years ago I became aware that people desired more than just a seminar. After careful planning we released the RESULTS mentoring program where participants have access to an experienced property investor to coach/support and mentor them over 12 months.

We don't provide instant pills or magic solutions – but we do know property very well and have been able to now assist hundreds of people to get substantial financial outcomes from their property investing.

The RESULTS from the program do vary, and pretty much what you put in is what you get out. Some have outstanding experiences. For example, one participant presented her deal at the last get together that has an expected profit of $2.9millon. If only all deals were like that!

On the flip side, there are some that do the program who do not acquire any property. This is not a failure though as everyone goes at their own pace and our job is to help rather than act as a drill sergeant.

The outcomes you achieve depend largely on your vision, plan, strategy and how much action you take.

This is not a get rich program. It is structured and comprehensive training by professionals where we aim to transform your life by working with you 1-on-1. There is nothing like it on the market.

2. Pricing

I agree the pricing is confusing and I apologise for that. This year we allowed people to pre-register and this has caused additional complexity.

To cut to the chase though, the reduced price for those who pre-register before the deadline expires (at https://www.propertyinvesting.com/results2008prereg2) is $6,490 (if you pay upfront) or $6,690 if you pay over three instalments.

3. Instalments

You can either pay upfront (slightly cheaper) or over three instalments of $2,230. The first payment is due now, the second payment is due 15 June and the third payment is due on the 15th August.

4. Other Costs

The cost covers the following:

A. Direct 1-on-1 mentoring over 12 months
B. Access to structured training including over 400 pages of written material, CDs, DVDs, Webinars etc.
C. 5 One-day (10am to 4pm) Mini Seminars exclusive to RESULTS participants
D. And many other benefits and privileges.

Note: We are not accountants, solicitors, architects etc. We will help you to brainstorm solutions, but we are not replacements to professional advisers in specialist fields. Having said that, we know a lot and will help you as much as possible within our areas of expertise.

5. Mentor Contact

You can phone or email your mentor as you like or need. Some people also call in to the office from time to time and enjoy a coffee.

It is quite hectic in the first 60 days, but after then things really settle down. It would be highly unusual not to be able to get in contact with your coach (or the coaching panel) within 24 hours of asking for help.

6. Advantage If You Are Maxed Out

You are where you are as a result of your beliefs about money which translate into your money habits. Sadly, much of our society programs us to be poor.

Therefore, one of our goals in RESULTS is to help you acquire money habits that will allow you to create and retain large sums of money. Therefore, one of the first things we teach is how to get out of debt. This is what Tim talks about on the video which you can watch at https://www.propertyinvesting.com/results2008prereg2

To date, everyone I am aware of exited the program in a superior financial position than when they started.

7. Cost Free Introduction

If you would like to discuss your specific situation then call Simon Buckingham on 03 8892 3800 during office hours. He is the head coach and will be able to help you.

8. Allocation of Mentors

Shortly after joining we ask you to complete a survey and then based on your answers we will allocate you a mentor that best suits your needs. If there is a personality clash or other complication then we can reallocate you to another mentor.

Remember, even though you will be under the primary care of one mentor, the whole coaching team will be available to assist where needs be.

9. My Role

Most of my time in mentoring is spent either with the coaches discussing issues or else working with RESULTS graduates. That said, if you ever have a specific need to talk to me then I'm available.

I hope this has helped answer some of your questions. RESULTS really is a unique opportunity for those who want some hands-on help from people who have walked the path and know the way to use property to make money.

All the best,

There may be some stamp duty savings if you buy it as your first home.

Investigate possibilities using the internet according to your state authority (e.g. it would be the State Revenue Office in Vic).

Cheers,

Hi,

Quick-turn relates to quick turnaround property projects where you get in, add value, and get out thereby banking a profit. Quick turn is b/w 6 – 18 months depending on the project.

While some types of commerical property will be risky in a downturn, I'm not talking fish and chip shops… I'm talking about blue chip property that is leased to good / established quality tenants.

Cheers,

Hi,

There seems to be a NSW industry body for architects who I would approach as a first step. Their web address is: http://www.architects.nsw.gov.au/home.cfm?smenu=3

Be wary though – you want an adviser who is cost conscious rather than looking for a project to show off his/her flair at any price. You may be better of with someone just starting out who is looking to get some work to build experience.

Most architects will have builders they recommend / work with regularly.

Cheers,

Hi,

First up, I'm not a lawyer, so this information is to the best of my knowledge. I recommend that you pay a professional to test its accuracy.

Vacant Possession

Assuming you bought the property on the basis that it was to be vacant at settlement, you have just cause NOT to settle on time. Rather to defer settlement until it is vacant or discount the sales proceeds by an agreed amount to compensate your for your loss. You may also look to rescind the contract if the terms of the agreement have been breached, but this is a more serious outcome given you'll be wanting your deposit money back and the vendor's solicitor presumably has that.

My recommendation is for your solicitor to send a friendly 'reminder' email as to the terms of the contract (i.e. vacant possession) and in doing so reiterate the importance of that clause to your intended plans.

Month to Month Tenancy

I understand that a tenant on a month-to-month lease needs to be given 60 days notice to vacate in this circumstance. You may like to check this with the rental manager / consumer affairs vic.
More information:

Early Release Of Deposit Money

You are talking Section 27 of the Sale of Land Act. Rather than rephrasing the content, I recommend you check out:
http://www.lawyersconveyancing.com.au/section_27.asp

I hope this has helped.

Allan,

Some thoughts about investing in the US:

1. Indirect ownership may be a good option, however remember it will be the quality of the management as much as the quality of the property bought that determines the return.

2. Direct ownership in the US poses some problems for non-residents. Chief among them is the ability to borrow without a social security number. There are ways around it, but they take time and can cost a lot.

3. The danger with investing OS is that you become as much a currency investor as a property investor. This is particularly so the higher the deposit you leave.

4. Local property laws differ quite a lot to those in Australia. For instance, the cost of managing the property portfolio will be higher.

5. Remember that the US is on the other side of the world. Communication will be difficult, and it is a long way away if you have to sort something out.

Therefore, if you go ahead, choose your assets wisely. I'd imagine it is better to buy good quality 'set and forget' rather than problem properties that are difficult to 'fix' from a distance.

Finally, remember that the tax laws will complicate your investing.

All the best,