New Zealand?

Don’t buy property there mate… the houses are held up by piles!!!

Seriously, my advice for people interested in investing in the land of the long white cloud is to get on a plane and see for themselves.

Yes, there are some good deals there, but there are still plenty of opportunities here too.

BTW, there will be a new product released in the next few weeks outlining more about NZ investing. It’s an interview I did with Kiwi property investor and legal expert Mike Ward. It will be at the cheaper end of the spectrum… less than $30.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I found this on a US website:

This is my understanding too, although, to be honest, I wouldn’t want my kids playing anywhere near it.

So… the general consensus from my research seems to be that so long as the asbestos has not been damaged (illustrated by it flaking or wearing away) then it should be OK.

Just don’t go anywhere near it with a power tool!

BTW, be on the lookout for asbestos fences in the area. If they used it in roofs then they may also have used it when building fences too, especially in lower socio-economic areas.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Interesting discussion.

My thoughts are that it’s ok to be sceptical, but don’t let it cause you to miss out on a learning opportunity.

I’ve heard Robert Allen speak on several occasions now. His marketing may be suspect by Australian standards, but his information in respect to wealth creation is fantastic.

I have certainly learned a lot about profitable real estate investing from Robert Allen.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

When inviting someone to become a moderator I look for someone who has demonstrated a track record for trying to assist forum members, either by answering questions or by adding to the fabric of the site.

The moderators have a difficult job, and while they are not immune from making a mistake or two, but they are of good character and intent.

Being a moderator is not by nvitation-only, you can nominate someone (or yourself) if you’d like to participate… simply send an email to admin @ propertyinvesting.com

Cheers,

Steve McKnight

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Let’s move on. [rolleyes]

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Beck,

This issue is discussed in Chapter 6 of the Wrap Kit. I’m an avocate of the emerging profits basis and from memory there are worked examples to help you understand how to cruch the numbers at tax time.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Jo,

Sorry to hear about your friend.

I think this raises a wider issue about asset protection and leads to a realisation that sometimes the biggest threat comes internally rather than externally.

It’s certainly hard to reason why a property has fallen 50% in value when there has been a huge boom Australia-wide.

Perhaps the fixtures and fittings have been depreciated, but this sounds odd given that such costs on a private home would not be deductible!?!

As for the justice system… this is always a last resort. Would I’d do is recommend that both parties meet with a solicitor to draw up an agreement that HE assigns all his entitlements to assets etc. over to HER upon the termination of the marriage. Still, this is an issue that needs proper paid legal advice.

Re: pre-nups etc. This is an option, but a better idea, especially for investment assets, would have been to have them in a family trust where your friend was the Trustee.

This way she could distribute income to HIM without giving him any ownership rights.

Hindsight is a wonderful thing though.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

You can pick it up from the online shop (see options in left hand menu). Be sure to include your discount cose as per the back of the book to buy at a reduced price.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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