I got them all right – I must be dumb as…….

Fair enough – it sounded dodgy from the outset.

I agree totally WeZWaz.

If your a successful investor and you say you want to help people – then why $200k a session instead of $20k.

And dont give me the crap about the more you pay the more valuable is the info.

And I agree about the lack of ethics and the salesmanship of these people. Thats what they have that most of us dont.

If I was…[Read more]

Qualified Accountant working for leading US IT company in software development.

In other words – I cant wait to semi retire, do simple BAS statements for the local accountant, look after the kids, do some property development with my brother and get my hands nice and dirty with renos. But thats all got to wait.

GMH –

I tend to agree – if you dont have property in that country then it may be a captial expense therfore not deductible.

However is it possible to argue that as you have properties in Aust – as part of your investing expenses – you are looking for investments overseas.

Any comments appreciated.

Hi

I need to recover some money that tribunal awarded me.

I did a search and found this. I will give them a try. Has anyone dealt with these people before? Its my first experience doing this.

Hi

Ok. We have seen property prices fall on the East Coast of Australia eg. Melbourne down by 13%.

But on the positive side –
1. The .5% interest rate increase had the effect the Reserve bank wanted by taking some heat out of the market.
2. Low wage earners received a pay rise a few weeks ago.
3. Tax cuts for most wage earners.
4. Exchange rate…[Read more]

Did you stick to my Agenda?

I was probably a bit harsh. One day I will drag my brother along, if I can get time away from the missus and the kids. They would not be too interested.

Glad to hear there was no negative idits like me.

Ok. I am a little surprised by the lack of responses.

By posting on this site we have discovered property and are on our journey.

My question really is – at what point did you really get excited about property?

Did attending a particular course get you going or reading a particular book or did you just fall into it?

Why dont you give us general details so we can make an assessment. How long is the course? How much is it? Who is the course designed for? Is it beginners or more advanced investors? Do you think its good value for money?

It seems Jenman has somne issues with it? But I would like to make my own assessment.

In my opinion buying in Mt Isa is like buying a 1998 Ford Falcon. It may be ok now but in 5 yrs time its going to struggle.

Too much risk for me. The return does not compensate me enough to carry that type of risk.

I do that. But I am an accountant and raised looking at life from an assets and liabilities perspective.

Makes sense though.

wezwaz

Well summed up. I totally agree.

I am not sure how far down it will go.

But we cannot sustain current prices when a young couple needs to find a $250k mortgage for an average Melbourne family home.

Back in 1997, I thought a $100k mortgage was a shitload of money.

Geo

Please update us on the course. At the follwoing stages.

1. Just after doing it.
2. 3 months after doing it
3. 6 months after doing it
4. 12 months after doing it.

I would like to know if at any stage your view of the courses value has changed over this time.

I suppose as a landlord we have a duty of care to ensure any problems brought to our attention are rectified promptly.

eg. a smoke detector was broken, so i immediately, on the advice of my property manager got the handyman to install one.

If I was buying in country towns I would spread my risk. I would look for another town or something in the surburbs. Investing is also about managing risk. How confident are you about the town? By asking this question, it appears you have some doubts.

I have my properties registered in my name for tax purposes. My properties have all started out as negative geared ones and you can offset losses against other income.

Unless your company earns other income you cannot do that as the losses will accumulate over time.

But go seek help from an accountant for proper advice.

I would not buy sight unseen. In my view there is nothing that would alleviate the risk in buying a property unseen.

The only exception is unless you know an area well. You know it well and the surrounding area. You seen the streets and know its a good part of town.

In my view – whats $1500 in flying there and getting a valuation when you…[Read more]

My advice – get your money back.

What does he really know about Australia.

Surely he will just rehash the stuff that Steve explains in his Book and seminar.

Use the $5000 as a deposit on your first property.