[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

May 3, 2004 - 6:54 am

Are you talking nett profit or gross profit, what type of tax structure are you illuding to, how many properties do you own now, how many benefeciaries do you have, ??? clarity leads to the truth.

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May 3, 2004 - 6:48 am

There are many changes about to be introduced from the ATO they are targeting illegal claims so be vary careful, get the latest tax dep. pac from the ATO and a good accountant. Good luck!

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

May 3, 2004 - 6:40 am

Mt Isa $120,000.00 purchase renting for $300.00 per week, how much positive are you looking for.[blush2]

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May 3, 2004 - 6:37 am

Check out his ABN on the ASIC site to see how long they/he has been in business.

Is he licienced in any way.

Tell them you have been in contact with the ACCC and ASIC and REI and cannot get any information on them.

They must provide a disclosure statement (27b) on how much commission they will be getting, get everything in writing and ask them/he /her to sign it, if they flinch give me a call you can trust me I’m a developer!! he he [biggrin]

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

May 3, 2004 - 6:28 am

You need to contact an expert in the field of trust structures, I can help, are you an experienced investor or just seeking information, you will need to give a disclosure sheet on yourself.

[email protected]

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

April 17, 2004 - 7:15 am

I don’t agree that they will appreciate slower, it depends on the demand just take Balmain in Sydney as an example. I focus on the investment side more than the property itself, what I mean by that is debt to equity, cashflow, yield, independant qualified information etc, wealth in my mind is caculated by equity which equals cash which equals more purchasing power.

I focus on debt reduction and there for my cashflow increases which pays my debt out quicker, cheers and good luck.

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

April 17, 2004 - 7:06 am

As a general rule that when investing in small towns tennants and resales are slow so make sure that this is a long term strategy and be fussy with your purchase.

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

April 10, 2004 - 6:22 am

This all began with the Romans (taxes) – what’s happened has happened, its all a plan to exploit the little people (the workers), question is what next???

[email protected] [angry2]

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April 10, 2004 - 3:55 am

Ten years from now Carr won’t be there and we will be blaming some one else, the point is paying tax is a dis-incentive. People in government should not be allowed to spend tax payers money, it should be administered by Packer/Murdock/Harvey or any local person who has a track record of building Wealth.

[email protected] [baaa]

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April 8, 2004 - 7:25 am

Spot on Derek. [cigar]

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

April 8, 2004 - 7:22 am

Rents will definately increase in my opinion over the next 18 months which is exactly what happened between 85/87.

Profits are better than wages, when all this settles down property is still the prefered investment vechile to create wealth.

Phil

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April 8, 2004 - 7:16 am

Where is the property – what is the projected independant growth – what type of loan structure are you using – how quickly can you pay down the debt to create equity and relieve finiancial stress – yes get in the market but use you head not you heart – if the numbers dont work dont rework the numbers – best of luck … [email protected]

[wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248]

April 8, 2004 - 7:09 am

A friend of mine had a similar problem – solution – he spent $10,000.00 at Freedom furniture flashed up the look increased the price by $15,000.00 and gave a $5,000.00 discount including leaving the furniture in as a sweetner.

Summary – he got his asking price, see with your mind not your eyes. Phil

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April 8, 2004 - 7:02 am

No but when you do please let me know – do they have a web site etc …Phil

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April 8, 2004 - 6:59 am

I charge 1.5% and I use a property purchasing anlayis kit I designed to save time and arguements.

Phil [suave]

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April 8, 2004 - 6:50 am

As it is your residence I think you will be OK, the Coast is performing will for first home owners at this level up there, ask mortgagehunter on this site (simon) he lives there.

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April 8, 2004 - 6:47 am

I think that that information technology has played a major influence in this cycle, we are more aware now in a instant of time, could we communicate at this level 20 years ago NO wow what about the next 20 years what do you think?[grad]

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April 8, 2004 - 6:40 am

It depends if the broker works from home and has no qualifications – there are many better qualified brokers who used to work for the banks you just have to keep hunting, good luck.

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April 8, 2004 - 6:36 am

Do the tennants have children – you can employ a maintence person to look after it which is deductable – generally they are a pain in the butt – good luck.

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April 8, 2004 - 6:33 am

Politations should be made to run their own business in the black before they enter parliment and play with our tax money !!![satan]